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by nhashem
4824 days ago
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We may have some bumps in the road and some dark ages of depravity and extremely concentrated ownership of the means of production and all that Well, this is what I'm personally concerned about. I agree with everything you just said. But what is the politically optimal way to cross over that inflection point? Or to rephrase: what kind of rules should we have in government/society so that the transition doesn't effectively cause a revolution and end up derailed? Should we consider an education system oriented around high-skill labor? Should our system of taxation and assistance account for this new concentration of capital? And can you do this without impeding the very technological/economic growth you're accounting for? Too much taxation may stymie private sector advancement, too little taxation may cause an elective or literal revolution, and the wrong adjustments can easily introduce moral hazards (e.g. nobody working at all before our technology is advanced enough to require zero human capital). |
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I suspect in the US we could do that now with around a flat 40% tax without deductions. Note: Living wage would need to be a national number ~12 to 15k and not what it takes to get by in NYC or whatever.
PS: What makes the numbers work out is you also get rid of social security, unemployment insurance, food stamps, and the lower tax brakes as well as all other tax breaks. Also, people making the average income are revenue neutral in this scheme as they get back the same amount of money as there paying into it minus whatever overhead is involved in running the program.