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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

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Venkatesh Rao

@vgr

Conversational account. For work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian. IKEA builder.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    1. Venkatesh Rao‏ @vgr 26 Oct 2019
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      Taxes model inclusive fitness coarsely. If I earn a dollar, pay $0.15 in federal taxes, $0.15 in state income and sales taxes, and $0.05 in local taxes, retaining $0.65 in consumed/saved value, all citizens are like ~second cousins, fellow state citizens are ~first cousins etc.

      1 reply 0 retweets 12 likes
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    2. Venkatesh Rao‏ @vgr 26 Oct 2019
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      This is very low resolution. It has little to no connection to my actual pattern of relationship behaviors. And there are mediating agents between me and tax beneficiaries who distort things further. Look at patterns of philanthropy for a sense of actual felt relationship.

      2 replies 0 retweets 8 likes
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    3. Venkatesh Rao‏ @vgr 26 Oct 2019
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      I’m not saying invent tax systems that model philanthropy. Philanthropic intentions are generally reactionary, tribal, worse than kin-selfishness. But it has the right kind of expressiveness of inclusion relationship: to people, whales, climate, space programs, whatever.

      2 replies 0 retweets 7 likes
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    4. Venkatesh Rao‏ @vgr 26 Oct 2019
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      In genetics, every individual organism’s genome is a map of relationship to the entire biosphere. If you pass on your genes directly or indirectly, you also pass on 99% genes of chimpanzee genes, 80% of lobster genes etc (look up actual numbers... they’re in the ballpark)

      1 reply 0 retweets 10 likes
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    5. Venkatesh Rao‏ @vgr 26 Oct 2019
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      You are a holographic model of Gaia effectively. Inclusive fitness - Darwinian competition between competing Gaias, not genes, individuals, groups or species. Selfish Gene = Selfish Gaia theory. A more powerfully expressive post-capitalism economics would do the same for memes.

      1 reply 2 retweets 16 likes
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    6. Venkatesh Rao‏ @vgr 26 Oct 2019
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      Let’s call the memetic equivalent of Gaia... Maia! Selfish Meme = Selfish Maia How do you translate this refactoring into an economic idea? Trick might be to map transactions to reproduction rather than feeding.

      1 reply 0 retweets 9 likes
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    7. Venkatesh Rao‏ @vgr 26 Oct 2019
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      So here’s an idea. Set aside a fixed tax fraction on my dollars. Every time I spend a dollar buying something from you, it strengthens a weight. My tax fraction is then periodically distributed among my transactional counterparties in proportion to the weights of transaction.

      4 replies 2 retweets 11 likes
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    8. Venkatesh Rao‏ @vgr 26 Oct 2019
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      So current direct spending drives future redistribution. With a shifting weight and forgetting/discounting factor. Eventually more and more of everybody’s income comes from the redistribution rather than direct. Private morphs smoothly into public utilities.

      1 reply 0 retweets 6 likes
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    9. Venkatesh Rao‏ @vgr 26 Oct 2019
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      This also sort of kills advertising. Current income sort of translates directly into brand equity that makes future income cheaper.. while moving it from private property to public commons. Lean into commoditization.

      1 reply 0 retweets 12 likes
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    10. Venkatesh Rao‏ @vgr 26 Oct 2019
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      This scheme would need a lot more computation per transaction btw, and effectively perfectly eidetic transactional memory. That alone inspires confidence it would be smarter. Price becomes a richer signal, with a past and future. Today’s economy is kinda amnesiac.

      1 reply 0 retweets 11 likes
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      Venkatesh Rao‏ @vgr 26 Oct 2019
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      Not just brand equity, but regular equity could get absorbed by this scheme. You wouldn’t need a stock or bond market. Every transaction would be an implicit stock/bond tx as well. No need to bolt on a bottleneck long-term memory capital market onto amnesiac transaction market.

      1:57 PM - 26 Oct 2019
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      3 replies 0 retweets 5 likes
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        2. Venkatesh Rao‏ @vgr 26 Oct 2019
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          Flatten market governance and make it coextensive with the market itself. Kill the gods of “interest rates” and a financial market system that sits like a heaven above the earthly basic transactional goods/services system.

          1 reply 0 retweets 8 likes
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        3. Venkatesh Rao‏ @vgr 26 Oct 2019
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          Afaict even the wildest blockchain or blockchain-like schemes don’t go this far. It’s a weird design, effectively turning the economy into a Hebbian deep learning system or something.

          1 reply 1 retweet 5 likes
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        4. Venkatesh Rao‏ @vgr 26 Oct 2019
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          A lot of this is probably wildly flawed but the base insight I’m trying to work out is “not all planet scale emergent computing systems are equally powerful and expressive” Pre-modern global economy = 1 Modern = 3 Climate system = 5 Biological evolution = 6

          1 reply 1 retweet 9 likes
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        5. Venkatesh Rao‏ @vgr 26 Oct 2019
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          The modern economy hasn’t had a design refresh since approximately the 1600s. We’ve just twiddled some knots and settings.

          4 replies 0 retweets 28 likes
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        6. End of conversation
        1. New conversation
        2. scott omelianuk‏ @scottomelianuk 26 Oct 2019
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          Replying to @vgr

          Public markets are, in theory, a two sided platform. Returns that may more effectively be dealt with by your suggestion, but also investment capital (in theory) needed by firms so they can add value to the economy. How do you account for or replace that?

          1 reply 0 retweets 0 likes
        3. Venkatesh Rao‏ @vgr 26 Oct 2019
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          Replying to @scottomelianuk

          The “tax share” is basically equivalent to continuous IPO. Like supercharged bootstrapping. If you sell well, you get more of the share of taxes from ALL previous customers. That’s your capital.

          2 replies 0 retweets 1 like
        4. Show replies
        1. Herr Dr Mr Modern Major General brrr Seitz‏ @BillSeitz 26 Oct 2019
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          Replying to @vgr

          Reminds me of ICOs and @johnrobb's OpenVenture stuff. http://webseitz.fluxent.com/wiki/OpenVenture …

          0 replies 0 retweets 1 like
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