I think that making a whole new system would be the way: there are too many loopholes and inconsistencies with legacy economics and rules that are not fit for a UBIfied society.
The first thing is to write up a sort of Constitution, that lays out economic rights. After that, I think using an Universal Ranked Income would be key to having the best of socialism with a dash of highly controlled capitalism. That latter bit is used for guiding the pricing of goods and services, but socialism should define the income of people, plus their minimum and maximum wealth. Capitalism should be driven by the circumstances of the everyday person, not the other way around.
I am thinking there can be five or so central “Obligate” ranks, which determines the income of a person, but the default rank everyone has gives a number of benefits that they will always have access to. By ensuring the survival and wellbeing of everyone, the role of money itself transforms - it isn’t for survival, but rather to upgrade a lifestyle. If money is optional, that means that workers can freely strike or protest.
Further, the problem of inflation can be addressed by making income brackets absolute. A waiter on the East Coast makes just as much as her male counterpart on the West Coast. Everyone within a job class gets the same income, no matter their personal skill or connections. Everyone can be subject to a $100,000 income cap from all combined sources, so it would be relatively easy to keep millionaires and the like from existing. By having everyone relatively equal in the economy, prices should naturally reflect reality.
I have a stupider solution. Let’s get individual blue states to pass laws making it a serious felony for anyone with a net worth over 10,000x the median national income to set foot in state lines. It is literally a felony to have a net worth over a certain amount. Like, Elon Musk sets foot in California? Bam! Instant 20 year mandatory minimum prison sentence.
We’ll get blue states to pass laws effectively banishing the billionaires from our lands, like cockroaches fleeing from the light!
Thank you, i appreciate your effort in compiling this post. I generally agree with you and will revert back to this post to help myself gain more insight into this topic.
An idea that I didn’t cover here, is the concept of an asset/wealth cap for corporations themselves. It could be based on how many employees they have, worth half of a rank’s income. So a clerk adds $20,000 to a company’s asset cap, while an head researcher grants $50k. I figure something like this would help a company’s usefulness to society dictate how much money it can have stockpiled. We don’t want any given organization to get too powerful.
Additionally, I am thinking corporations who don’t need employees, but an increased cap, can sponsor income brackets. These can be given out in a lotto for workers that are being replaced by AI. This would allow society to transition into AI workflows, without disruption that can ruin people’s lives.
I think that making a whole new system would be the way: there are too many loopholes and inconsistencies with legacy economics and rules that are not fit for a UBIfied society.
The first thing is to write up a sort of Constitution, that lays out economic rights. After that, I think using an Universal Ranked Income would be key to having the best of socialism with a dash of highly controlled capitalism. That latter bit is used for guiding the pricing of goods and services, but socialism should define the income of people, plus their minimum and maximum wealth. Capitalism should be driven by the circumstances of the everyday person, not the other way around.
I am thinking there can be five or so central “Obligate” ranks, which determines the income of a person, but the default rank everyone has gives a number of benefits that they will always have access to. By ensuring the survival and wellbeing of everyone, the role of money itself transforms - it isn’t for survival, but rather to upgrade a lifestyle. If money is optional, that means that workers can freely strike or protest.
Further, the problem of inflation can be addressed by making income brackets absolute. A waiter on the East Coast makes just as much as her male counterpart on the West Coast. Everyone within a job class gets the same income, no matter their personal skill or connections. Everyone can be subject to a $100,000 income cap from all combined sources, so it would be relatively easy to keep millionaires and the like from existing. By having everyone relatively equal in the economy, prices should naturally reflect reality.
I have a stupider solution. Let’s get individual blue states to pass laws making it a serious felony for anyone with a net worth over 10,000x the median national income to set foot in state lines. It is literally a felony to have a net worth over a certain amount. Like, Elon Musk sets foot in California? Bam! Instant 20 year mandatory minimum prison sentence.
We’ll get blue states to pass laws effectively banishing the billionaires from our lands, like cockroaches fleeing from the light!
Thank you, i appreciate your effort in compiling this post. I generally agree with you and will revert back to this post to help myself gain more insight into this topic.
An idea that I didn’t cover here, is the concept of an asset/wealth cap for corporations themselves. It could be based on how many employees they have, worth half of a rank’s income. So a clerk adds $20,000 to a company’s asset cap, while an head researcher grants $50k. I figure something like this would help a company’s usefulness to society dictate how much money it can have stockpiled. We don’t want any given organization to get too powerful.
Additionally, I am thinking corporations who don’t need employees, but an increased cap, can sponsor income brackets. These can be given out in a lotto for workers that are being replaced by AI. This would allow society to transition into AI workflows, without disruption that can ruin people’s lives.