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Sharing Economy

Welfare Without Taxation

Welfare Without Taxation

There is a lot of discussion of whether Universal Basic Income will be required for folks who are unable to compete meaningfully in successfully more advanced and talent-driven economies.

The assumption is that heavy taxation and redistribution of wealth will be required for this, to a degree that may not be thermodynamically possible, and certainly may not be feasible (let alone desirable).

I believe that there are other alternatives. The power of DAOs and AI CEOs running companies in the cloud that may be bootstrapped within days, means that we can create wealth voluntarily within the free market.


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No Place To Hide

No Place To Hide

For all of human history we have struggled to keep bad actors at bay. We invented social groups like guilds to preserve a common level of quality among producers and practitioners, and created intricate contractual methods to agree up-front how to handle potential future situations. A large proportion of the world's economy is based on ensuring trust between various parties, everything from security guards to litigators.

Given such huge costs of doing business in a sketchy environment, it's not surprising that increased trust directly correlates with GDP. The fewer fears about being cheated, the greater the likelihood of choosing to invest in others, and increased conspicuous consumption due to less fears of being targeted for shakedown.


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