705
Hey tech billionaires, if you want to talk about radical change, let’s abolish venture capitalism
(www.theguardian.com)
this post was submitted on 01 Nov 2023
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We honestly should just replace every single fixed dollar amount in every law with an algebraic formula. It's ridiculous that we design laws to become dated and require replacement.
Minimum wage should be tied to worker productivity, and wealth tax should be tied to the median personal income, including that of non-working adults. Welfare programs should be tied to regional cost of living. Limits on rent should be tied to changes in regional median income.
We're already tracking most or all of that data anyway, might as well put it to maximum use.
Fines should scale with wealth. If a billionaire gets a parking ticket, the fine should be tens of thousands of dollars.
Fun side effect is this might encourage the cops to bother the wealthy instead, which might lead to police reform.
Agreed, and it’s not a novel idea. At least a few smarter countries already create policies that periodically update according to a formula.