3 ms·
> money sits at the top of the power pyramid, and we have no effective mechanism to balance human well-being against it That's a succinct analysis of the root
by dane-pgp 5y ago
> money sits at the top of the power pyramid, and we have no effective mechanism to balance human well-being against it
That's a succinct analysis of the root cause of many problems today, and it helpfully points towards some patches that would address the problems directly. Firstly, the link between money and political power could be severed by having publicly funded elections and limits on political advertising (which might require a narrowly-targeted constitutional amendment[0] in the US).
Secondly, the fact that money creates power is not a problem for human well-being if everyone has a similar amount of money (assuming that having power ensures well-being). Progressive taxation already exists in much of the world, but some countries go a step further with a wealth tax. I would advocate for a wealth tax which makes millionaires pay an amount in tax each year which is an equivalent percentage of their net worth as the amount paid by the median tax payer as a percentage of their net worth (to whom the wealth tax would not apply).
[0] https://campaignfinancereform.org/explanation https://campaignfinancereform.org/explanation