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If you implemented a Land Value Tax, all of the surplus value provided by something would be captured by that tax, and you could then subsidize a part of the po
by ItsMonkk 5y ago
If you implemented a Land Value Tax, all of the surplus value provided by something would be captured by that tax, and you could then subsidize a part of the positive externality using that tax.
One way to do so with IP/information/open source software, would be to give everyone access to just about all IP, but then when a surplus value is not known and needs to be accessed, you give people an option of what they value it. Get a statistically significant sampling group, then pick some percentage of the sampled group should get access, say 95%, and then query them using a Vickrey auction system what their true value is. The people who have the lowest 5% value don't get access to that item for some period. For everyone above 95%, they all pay that bottom 5% price for access to it, not their bid, like a Vickrey auction.
In this way only 5% of the sampled group, which may be 1% of the population lose access, and yet you still get to figure out the range of values throughout the population for that thing because Vickrey auction's incentivize that you bid your true value. Take some weighted average of the bid values and subsidize the IP owner with those funds.
- traverseda 5y agoI wonder how people would value openssl...