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Until we address the monetary system I don't see how much else matters in restraining the elites. Generational wealth will just move even more so into non-taxa

Until we address the monetary system I don't see how much else matters in restraining the elites. Generational wealth will just move even more so into non-taxable things like art, favors, interlocking directorships, foundations and so forth. I'd like to see a georgist tax regime[1] and monetary expansion managed via a citizens dividend. But the current monetary system will only be pried from the cold-dead hands of our elites, so I'm not optimistic. [1] - https://en.wikipedia.org/wiki/Georgism https://en.wikipedia.org/wiki/Georgism

lend000 7y ago
Georgism is an interesting approach to what could be handled by externality taxes in capitalism, but it seems like it would have challenges attaining accurate price discovery of naturally derived resources. Regardless, I think the obvious flaws in our current system make a very big difference and should be addressed, rather than holding out for a utopian pipe dream.