Thought about this and it is completely possible as you say, but the interesting thing is that such a billionaire would loose vast swaths of money, as that action would make them unpopular and a target for anti-coin. Additionally, a person who has a larger numbers of critics will likely end up with fewer anti-coin. The interesting thing about anti-coin, is, despite explicitly allowing something which is bad. It encourages good behavior.
A steeply progressive wealth tax is a good idea, though I would not say it solves the same problem anti-coin attempts to solve.
Progressive wealth tax is a solution to the power problems and inefficiencies caused by wealth distribution. People don’t need billions of dollars, and having that much more doesn’t make you much happier. So even distribution is much better for the average person.
The currency is supposed to better solve the problem all currency partially solves. Making the selfish choice to benefit others, and thus increasing benefit through efficiency of scale. As I said before the currency we have does this quite well, but it doesn’t do it perfectly because it doesn’t work with negative benefit. If someone burns tires and sells the energy to someone, the person gets benefit from selling the energy, but isn’t detrimented by the displeasure of their neighbors.
Of course in reality what I just said is wrong as our legal system and laws fill in the gaps which currency doesn’t solve, but large systems are more easily corrupted, require more overhead, etc, so building as much of this into simpler systems as possible is beneficial.
If you forget about my currency and just think about how we could make that kind of system, there are a few properties that are fairly essential… Shoot, my bedtime screen blocker is about to kick in. I’ll edit and finis the post later. Thoughts?
Thought about this and it is completely possible as you say, but the interesting thing is that such a billionaire would loose vast swaths of money, as that action would make them unpopular and a target for anti-coin. Additionally, a person who has a larger numbers of critics will likely end up with fewer anti-coin. The interesting thing about anti-coin, is, despite explicitly allowing something which is bad. It encourages good behavior.
A steeply progressive wealth tax is a good idea, though I would not say it solves the same problem anti-coin attempts to solve.
Progressive wealth tax is a solution to the power problems and inefficiencies caused by wealth distribution. People don’t need billions of dollars, and having that much more doesn’t make you much happier. So even distribution is much better for the average person.
The currency is supposed to better solve the problem all currency partially solves. Making the selfish choice to benefit others, and thus increasing benefit through efficiency of scale. As I said before the currency we have does this quite well, but it doesn’t do it perfectly because it doesn’t work with negative benefit. If someone burns tires and sells the energy to someone, the person gets benefit from selling the energy, but isn’t detrimented by the displeasure of their neighbors.
Of course in reality what I just said is wrong as our legal system and laws fill in the gaps which currency doesn’t solve, but large systems are more easily corrupted, require more overhead, etc, so building as much of this into simpler systems as possible is beneficial.
If you forget about my currency and just think about how we could make that kind of system, there are a few properties that are fairly essential… Shoot, my bedtime screen blocker is about to kick in. I’ll edit and finis the post later. Thoughts?