4 ms·

> I wonder if his primary school teacher could get a lien on future earnings? It’s not the primary school teacher that made the investment. It’s whomever was b

> I wonder if his primary school teacher could get a lien on future earnings? It’s not the primary school teacher that made the investment. It’s whomever was bankrolling salaries and expenses for teachers, cafeteria workers, buildings to house the activity … The “lien” on future income would likely be “taxes” (assuming public school here.)

lordnacho 4y ago
This poses a bit if an interesting quandary for society. Which society paid for Musk to be educated? He grew up in South Africa. How much tax does he pay there relative to where he built his stuff? Where should he pay his taxes? What about other people who grow up elsewhere and move? Is it ok to hire a load of doctors from other countries?
- lifeisstillgood 4y ago
  There is the glimmer of a movement here - the Yelland led move to 15% minimum corporation tax is part of the move to solve this very problem. The EU is trying to solve this. But it's reaching the point of dealing with cross border fiscal policy and that's really hard without become a real federation. And Inthink that is the ultimate global goal here. Which is ... science fiction Imagine how immigration would look different if South Africa had a lien on ex-citizens taxation - if a slice of every sales tax paid in Nevada by a Mexican citizen went back to Mexico City. I am not sure how it plays out - but it's possible that countries that benefit from immigration have to pay for it.
lifeisstillgood 4y ago
Yes - I agree I was just trying to find my way towards "the human economy is a whole, even within countries seeing government as a cost to be minimised, taxes to be avoided and private investment as somehow privileged" is a poor analysis. I mean such a huge amount of private spending is trying to alter "predominant cultural norms" - advertising etc. yet breakout successful companies tend to break at just the right time that their PMFit barely needs advertising. Less dinosaurs trying to look cool and more evolved companies would help - and it would help in that we have constant turn over of companies would mean we were measuring actual productivity better - very useful in MMT terms. Somehow I am feeling towards our tournament style approach of allocating the power to allocate resources is false. We have young democracies, but work in dictatorships - and invest in similar ways. I think basically we need to find better ways of "doing democracy". imagine voting on internal projects? it will hurt but if we think democracy works then open discussion and decision making actually will result in stronger companies - or just a return of capital !

lordnacho 4y ago

This poses a bit if an interesting quandary for society. Which society paid for Musk to be educated? He grew up in South Africa. How much tax does he pay there relative to where he built his stuff? Where should he pay his taxes? What about other people who grow up elsewhere and move? Is it ok to hire a load of doctors from other countries?

lifeisstillgood 4y ago
There is the glimmer of a movement here - the Yelland led move to 15% minimum corporation tax is part of the move to solve this very problem. The EU is trying to solve this. But it's reaching the point of dealing with cross border fiscal policy and that's really hard without become a real federation. And Inthink that is the ultimate global goal here. Which is ... science fiction Imagine how immigration would look different if South Africa had a lien on ex-citizens taxation - if a slice of every sales tax paid in Nevada by a Mexican citizen went back to Mexico City. I am not sure how it plays out - but it's possible that countries that benefit from immigration have to pay for it.

lifeisstillgood 4y ago

Yes - I agree I was just trying to find my way towards "the human economy is a whole, even within countries seeing government as a cost to be minimised, taxes to be avoided and private investment as somehow privileged" is a poor analysis. I mean such a huge amount of private spending is trying to alter "predominant cultural norms" - advertising etc. yet breakout successful companies tend to break at just the right time that their PMFit barely needs advertising. Less dinosaurs trying to look cool and more evolved companies would help - and it would help in that we have constant turn over of companies would mean we were measuring actual productivity better - very useful in MMT terms. Somehow I am feeling towards our tournament style approach of allocating the power to allocate resources is false. We have young democracies, but work in dictatorships - and invest in similar ways. I think basically we need to find better ways of "doing democracy". imagine voting on internal projects? it will hurt but if we think democracy works then open discussion and decision making actually will result in stronger companies - or just a return of capital !