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And rich people in this new system are incentivized to not vote yes? They gain a benefit. The poor people, who don't have any market power, do not. Why would

• baddox 12y ago
  If I understand futarchy (I haven't studied it extensively, so I may be wrong), you need over 50% of the money in the system to be voting yes in order for it to be profitable to vote yes. If, say, 75% of the money was voting no (the "correct" decision), then the rich people voting no with 25% of the money would be losing money. In our current system, rich people are incentived to vote yes, even if they will be vastly outnumbered by the people voting no, because there is very little cost to voting for the "incorrect" option (if we're ignoring the cost of educating yourself about the effect of each vote, which we assumed away previously). In this system, rich people are incentivized to vote for the "correct" option, because voting for the "incorrect" option is costly.