After napping on it, I have a theory of what ails capitalism: it is not Darwinian enough. The “selfish” motive in Adam Smith corresponds to personal fitness rather than inclusive fitness. Taxation is a crude and insufficiently precise mechanism to add inclusive fitness back in.https://twitter.com/vgr/status/1188151423835365376 …
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there is only one thing explicitly allocated here - the basic income, which is essentially a design statement that human lives have value.
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As for things drafting off transactions, I expect people will find ways around paying transaction based taxes, and their capacity to do so will go up as their wealth increases. You don’t think that’s a problem?
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