And yes, this means that we should *not* tax income, nor should we tax wealth! But we should absolutely tax the externalities that are *intrinsic* to amassing disproportionate wealth.
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I’d need to pause and really think through this. I appreciate the idea of it but I need to process that. But, good to think of responsible ways to raise revenue and to limit financial stress on those with the least. That’s why I like a negative income tax.
aug 23, 2025, 11:26 pm • 1 0 • view
If we combined universal healthcare with the elimination of income taxation, we would see a boom in self-employment unlike any the world has ever known. As it stands, corporations serve as proxy tax collectors, and really they’re the only thing that make income taxation tractable.
aug 23, 2025, 11:40 pm • 0 0 • view
Income taxation essentially requires that the government be a party to every transaction, and this simply doesn’t scale. So corporations, and their tax collection responsibilities, act to ensure that the government gets visibility into most people’s income.
aug 23, 2025, 11:42 pm • 0 0 • view
Land value taxation and carbon taxes don’t require any of this. Carbon taxes can be assessed at the mine, the wellhead and the port. No need for the mass surveillance that’s actually required to ensure that governments can correctly assess income!
aug 23, 2025, 11:44 pm • 0 0 • view
And what happens when you get more self-employment? You also get lower wealth disparity, because fewer people are forced into extractive hierarchies!
aug 23, 2025, 11:46 pm • 0 0 • view
@hailey.at here's an example. There were a couple others in these Cuban comments if I recall. These replies above... I never saw them.
aug 28, 2025, 3:45 pm • 0 0 • view