Sir, you are a man full of ideas. I worry if this is too much work for people...
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Haha. What’s too much work for people? Selecting where the tax goes?
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Yup. The information might be overwhelming.
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Agreed. There should be a default. Perhaps if you don't pick an entity, your tax goes into a pool that's then evenly distributed to all holders. That also puts pressure on the entities to provide services that are better than simple programatic redistribution of wealth.
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Thought about this! You checked out
@AragonProject — seems like the closest project I’ve seen working on a potential solution / protocol -
Ah, interesting! Lmk if you come across any others.
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Long term research gets cut and Justin Bieber gets his own agency? Representative democracy has some advantages sometimes?
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The idea is that you could choose to allocate to a representative democracy if you wanted. In fact, thousands of them with slightly different models could compete. You could go for one with a popular vote, an electoral college, different supreme court justices, etc.
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This puts too much power in people with money. There is no inherent system of mean reversion
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Good point. What if taxes go into a pool, get divided equally, and you decide where your chunk goes?
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Not sure, honestly. I think the presumption by mass (not necessarily held by you) is that wealth holders are smarter & more capable of making “right” decisions. My observation is that they mostly make decisions for short-term self-preservation than long-term global optimization.
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So, would prefer to decouple wealth and decision-making as much as possible to mitigate these risks. Then again, the flip side is that some people may be overly aggressive (and vindictive) to take money from wealth holders just because, without thinking about the greater good.
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