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Author Topic: Radical Markets: Uprooting Capitalism and Democracy for a Just Society  (Read 12 times)
AsureTeam
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August 25, 2018, 02:03:33 PM
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Hello everybody,

is anyone here familiar with the concept of Radical Markets by Eric A. Posner and Eric Glen Weyl? We would like to start a discussion on several topics of the book here on Bitcointalk.org.

The book is divided into different topics: Self-assessed property taxes, Quadratic Voting, An new immigration concept, Breaking up monopols, Data as labor. It offers theoretical solutions for worldwide appearing problems.

In our opinion, the most interesting are self-assessed property taxes. We'd like to share a short explanation of it so that everybody can participate in this discussion.

  • Everything is for sale.
  • You have to name a price for everything you own and have to sell it for that price to any buyer.
  • You have to pay taxes (the books estimates 7%) on the prices of your property. You can not cheat by overestimating your prices because the taxes would eat you up.
  • The paid taxes are allocated to the participants of this commonwealth economy.

Radical Markets describes a world in which there is a market for everything. Property is not private but commonly owned.

Vitalik gives a more detailed summary on his website and added his own thoughts in it. Maybe you want to check this out, too: https://vitalik.ca/general/2018/04/20/radical_markets.html

What are your thoughts on the concept of self-assessed property taxes?
  • Can such an economic system work?
  • Would you accept this economic system?


We are looking forward to your answers and to a great discussion!

Best regards,
AsureTeam
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