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"Is it just me, but isn't an Income Share Agreement ... taxes?" No. Its profit sharing akin to how companies do so by issuing dividend paying shares. So far a

"Is it just me, but isn't an Income Share Agreement ... taxes?" No. Its profit sharing akin to how companies do so by issuing dividend paying shares. So far as the government is concerned theyre just looking out for their most important stake holders, wealthy individuals and monied interests, by keeping taxes extremelly low. Universities being underfunded to the point they need to raise tuition to the point where students need to take on crushing debt is a byproduct of that.

lifeisstillgood 6y ago
I think we are violently agreeing? Profit sharing with your citizens is basically government. I think ...
- 0x4d464d48 6y ago
  We agree that its wealth redistribution by anyother name. Certainly. The difference is that taxing is done in the name of public/government interest whereas profit sharing is done in the name of private/individual interest.
  - lifeisstillgood 6y ago
    what i am trying to say is that if a government supplied sufficient upfront investment in education (which is basically what's going on here) then no student would have an incentive to add an additional lieu on their future earnings. and governments should see education if their citizens as an investment repayable through future taxes
    - mkingston 6y ago
      One complicating factor: the repayment on this investment could very well be collected by another government, should said citizen leave. A similar problem to that of businesses financing education of their current or prospective staff.
    - 0x4d464d48 6y ago
      Functionally, sure. Im totally on board with that and think its both practical and noble. What Im saying is that although taxation and dividend distribution are both wealth redistribution from an individual/entity with capital they are different in wthe underlying reasons for why they are done and who the intended beneficiaries are.
- cortesoft 6y ago
  Taxes and government are mandatory profit sharing, these agreements are voluntary. Whether that is good or bad is up for debate.
  - 0x4d464d48 6y ago
    The only problem I have with a lot of these duscussions is how often "voluntary" includes things done under duress. You dont "have" to go to college nor get a job nor even have money to stay alive neither. You dont "have" to be a top performer if it would mean sacrificing your time and well being but God in heaven help you if youre not. You dont "have" to take out loans to go to med school but if you werent born into money well... tough titty.
  - Kbelicius 6y ago
    $ALEX himself said on this very thread that he had no choice so I fail to see how you can just presume that these kinds of agreements are voluntary.

lifeisstillgood 6y ago

I think we are violently agreeing? Profit sharing with your citizens is basically government. I think ...

0x4d464d48 6y ago
We agree that its wealth redistribution by anyother name. Certainly. The difference is that taxing is done in the name of public/government interest whereas profit sharing is done in the name of private/individual interest.
- lifeisstillgood 6y ago
  what i am trying to say is that if a government supplied sufficient upfront investment in education (which is basically what's going on here) then no student would have an incentive to add an additional lieu on their future earnings. and governments should see education if their citizens as an investment repayable through future taxes
  - mkingston 6y ago
    One complicating factor: the repayment on this investment could very well be collected by another government, should said citizen leave. A similar problem to that of businesses financing education of their current or prospective staff.
  - 0x4d464d48 6y ago
    Functionally, sure. Im totally on board with that and think its both practical and noble. What Im saying is that although taxation and dividend distribution are both wealth redistribution from an individual/entity with capital they are different in wthe underlying reasons for why they are done and who the intended beneficiaries are.
cortesoft 6y ago
Taxes and government are mandatory profit sharing, these agreements are voluntary. Whether that is good or bad is up for debate.
- 0x4d464d48 6y ago
  The only problem I have with a lot of these duscussions is how often "voluntary" includes things done under duress. You dont "have" to go to college nor get a job nor even have money to stay alive neither. You dont "have" to be a top performer if it would mean sacrificing your time and well being but God in heaven help you if youre not. You dont "have" to take out loans to go to med school but if you werent born into money well... tough titty.
- Kbelicius 6y ago
  $ALEX himself said on this very thread that he had no choice so I fail to see how you can just presume that these kinds of agreements are voluntary.