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If we can implement following two rules of living, we can move in the direction of achieving post-scarcity economy: 1) Cap every individual at a maximum he can
by kr4 13y ago
If we can implement following two rules of living, we can move in the direction of achieving post-scarcity economy:
1) Cap every individual at a maximum he can earn for private use – if he earns beyond this, it'll redistributed amongst the society (as basic income). The cap could be say $500000/$1000000, which is high enough to encourage a part of the population to create wealth and enjoy it. At the same time, it disincentivises individuals to create infinite wealth which causes monopoly and consequently concentration of power.
If I think about it, it actually encourages more competition as people can replicate other successes while noone has had tangible incentive to crush all its competitors. But humans have a tendancy to show that they are better. Yes, in such a system, they can satisfy it by actually teaching others to create the same businesses they've got success with thereby creating social capital in the name of popularity.
2) Remove inheritance. Inheritance is one of the reasons why people continue to accumilate more and more. In a post-scarcity society, everyone is borne equal in terms of wealth and must work to create more wealth (with a cap) starting from adulthood.
- jotm 13y ago1) Most wealthy people have their money in their ventures - not directly available for private use, like cash in a bank account. I don't see how a cap would help in this case, as they can spin off multiple ventures, all still controlled by them. It would help to keep the economy going, but not by much. 2) People will find ways to hide their wealth - taking away their money when they die is an obvious threat to them and their children. It may work in the long term with the right control and incentives, but corruption (i.e. bypassing the law) will be extremely high in the beginning.