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I like this. A few thoughts: First (as usual) it incentivises short term-ism. Some penalty to initiatives where we take a hit now but benefit in 40 years, e.g.

I like this. A few thoughts: First (as usual) it incentivises short term-ism. Some penalty to initiatives where we take a hit now but benefit in 40 years, e.g. climate action. It incentivises our entire political class to keep broad asset bubbles going and "not stop the party" while they're in control. It increases incentives to misrepresent or obfuscate the state of the entire economy (money supply, inflation and other macro things that influence the market as a whole). To be fair all these incentives exist right now, so it might not make things worse.

908B64B197 5y ago
That's very true. CEO compensation might be another thing to look at when designing these policies: Often it's paid out only if the company reaches certain goals or paid as options that can only be exercised in the future at a certain price, ie, they are completely worthless otherwise. "You only get your pension if the carbon emissions are down by X% in 10 years", or something like that.