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I don't think it's productive to talk about tax. Our economy should be designed in a way that workers capture a good proportion of their work. The problem at th
by Traster 5y ago
I don't think it's productive to talk about tax. Our economy should be designed in a way that workers capture a good proportion of their work. The problem at the moment is that when there are successful companies, a handful of investors and senior management capture practically all the gains. Amazon is an incredible company, and it's even more incredible that practically no one working at Amazon benefits from that.
Just letting that system persist and then hamfistedly grabbing the gains at the end and redistributing them is difficult for a huge number of reasons including both fairness and regulatory capture.
- toomuchtodo 5y agoWhat you describe is equity distribution. It is a tax, but simply implemented as inherent ownership through citizenship or similar constraints. https://blog.samaltman.com/american-equity https://blog.samaltman.com/american-equity
- Traster 5y agoI think shared equity is one way of solving that problem, but if you look at other social democracies, regulatory regimes that favour workers and collective action can have similar effects.
- toomuchtodo 5y agoI would agree. There is no silver bullet, but various levers that can be actuated in a manner that arrives at the desired socioeconomic equilibrium.