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We already have solutions. They are based around the principle of economic democracy. It is a simple three step solution: 1. Identify sources of wealth that c
by imtringued 3y ago
We already have solutions. They are based around the principle of economic democracy.
It is a simple three step solution:
1. Identify sources of wealth that cannot be reproduced and therefore be hoarded to exclude access
2. Let the government tax or own the asset and grant every citizen equal rights to the asset in question.
3. Let people perform the act of producing reproducible assets on their own, now that they have the ability to do so.
Extreme hypothetical: AGI is real and everyone has a personal AGI. Given enough energy the AGI can produce anything in autarky. The primary resource that matters in this hypothetical economy is access to energy. Most people in today's society are born without any access to energy. Their access to energy is conditional upon performing labor, but labor is worthless in the hypothetical economy, therefore people without access to energy will simply die out.
There are many forms of economic democracy such as Freiwirtschaft or Georgism. These "economic systems" are built around the idea that non-reproducible assets should be taxed over time to prevent hoarding.
- AndrewKemendo 3y agoI agree that something like Georgism is going to be required