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Live performance from a given artist doesn't scale. There are more people who want to watch Taylor Swift than who wanted to watch Elvis Presley because there ar
by ta1243 3y ago
Live performance from a given artist doesn't scale. There are more people who want to watch Taylor Swift than who wanted to watch Elvis Presley because there are more people, and there is more opportunity to travel to the performance. Even if a modern top-tier artist can attract fewer people in terms of percentage (because people are happy watching on netflix or whatever), the price will still increase because the total number has increased
If there are 1M in the catchment area, and 50% want to see them, and there is seating for 50k, then prices will increase to what's affordable for the top-10%
If there are 3M in the catchment area, even if just 33% want to see them, seating is still 50k, then prices will increase to what's affordable for the top 5%
> But the central issue of this article is the issue I have with Universal Basic Income. If a person's labour is worthless, then the State has to provide some sort of income for them by taxing the business for which they would otherwise have worked.
Tax the land. Land value has massively increased over the years, everyone needs at least some land to live, even if it's just 100 square feet. Everyone has a fair claim to the land, unless you're a fan of feudal lords.
Your taxable business will not have a great business if nobody has any income. Doesn't matter how many widgets they make if nobody can afford them.