A small govt argument for UBI is ‘UBI is paying people to take care of themselves, rather than letting the government take care of people inefficiently’.
The sequences can be distilled down even further into a few sentences per article.
Starting with “The lens that sees its flaws”: this distils down to: “The ability to apply science to our own thinking grants us the ability to counteract our own biases, which can be powerful.” Statement by statement:
A lot of complex physics and neural processing is required for you to notice something simple, like that your shoelace is untied.
However, on top of noticing that your shoelace is untied, you can also comprehend the process of (noticing your shoelace is untied) - i.e. by listing the steps through which light reflects off your shoelace and your visual cortex engaging, etc.
The ability to consider the steps of our own thinking appears to be uniquely human.
If we recognise that our process of comprehension and understanding is potentially flawed, you can choose to consciously counteract it.
Science is repeatedly and deliberately making measurements of our own observations over time, attributing theories to those measurements, and constructing experiments to produce further measurements to potentially disprove those theories.
The ability to apply science to our own thinking grants us the ability to counteract our own biases, which can be powerful.
One example of reflective correction is correcting for optimism by noticing that optimism is not correlated to good outcomes.
The tool I am using to distill the sequences is an outliner: a nested bulleted list that allows rearranging of bullet points. This tool is typically used for writing things, but can similarly be used for un-writing things: taking a written article in and deduplicating its points, one bullet at a time, into a simpler format. An outliner can also collapse and reveal bullet points.
Rewriting the sequences to make them shorter would be very useful IMHO. But I prefer reading normal text to bullet points, especially if it would be a long text (such as rewriting the entire sequences).
1. why have a wealth tax? we should tax unearned wealth because the presence of unearned wealth disincentivises workers who would otherwise contribute to society. when we tax unearned wealth, the remaining wealthy people are people who have earned their wealth; and so we send a signal ‘the best way for you to be privately wealthy is for your work to align with public utility maximisation’ which privately incentivises work which helps increase utility.
unearned wealth includes: hereditary wealth, wealth due to being at the right place at the right time (you just so happened to buy a tract of land that contains your nation’s entire supply of unobtanium / you just so happened to found a company that became the dominant news outlet for the entire world when other similar but less well timed companies failed)
on my original point about monopolies: monopolies are a special case of ^above. The loss of utility due to monoplies is recognised by economists as deadweight loss.
2. why will [countries where the game-theory supports the creation of ultrarich people] never have a wealth tax because pirate games? Suppose a whole bunch of us got together and demanded that wealthy oligarchs pay a wealth tax. the wealthy oligarchs could instead take a small amount of money and bribe 51% of us to defect, while keeping their money piles. therefore we will never have a wealth tax. re [countries where the game-theory supports the creation of ultrarich people]: nicky case’s wonderful interactive game theory primer tells us that the specific payoffs/noise in zero sum games decide which strategies (cooperate, defect) tend to survive. I suspect countries with ultrawealthy tend to have payoff/noise combos that result in dominant strategies that would participate in pirate games
but hang on, what about the democracies that do have wealth taxes? > Norway recently tried to increase their wealth tax. a whole bunch of rich people left Norway. I do not constitute this as a successful raising of the wealth tax > [wikipedia] at its peak, only 12 countries have a wealth tax, representing as a whole less than 6% of global GDP; they are exceptions not rules (Austria, Denmark, Finland, France, Germany, Iceland, Italy, Netherlands, Norway, Spain, Sweden and Switzerland)
3. what to do instead? marry rich this is not easy. EA consultants are in some ways marrying rich people.
Paying the (ongoing, repeated) pirate-game blackmail (“pay us or we’ll impose a wealth tax”) IS a form of wealth tax. You probably need to be more specific about what kinds and levels of wealth tax could happen with various counterfactual assumptions (without those assumptions, there’s no reason to believe anything is possible except what actually exists).
less than 6% of global GDP; they are exceptions not rules (Austria, Denmark, Finland, France, Germany, Iceland, Italy, Netherlands, Norway, Spain, Sweden and Switzerland)
It is 16%, not 6%.
(Approximately, Germany is 4.7% of global GDP, France is 3.1%, Italy 2.2%, Spain 1.5%, Netherlands 1.1%, Switzerland 0.9%, Sweden 0.6%, Austria and Norway 0.5% each, Denmark 0.4%, Finland 0.3%.)
we will never have a wealth tax because pirate games.
why have a wealth tax? excess wealth is correlated with monopolies which are a failure to maximise utility. therefore wealth taxes would help increase total utility. monopolies include but are not limited to family wealth, natural monopolies, social network monopolies.
however, suppose a whole bunch of us got together and demanded that wealthy oligarchs pay a wealth tax. the wealthy oligarchs could instead take a small amount of money and bribe 51% of us to defect, while keeping their money piles.
has this been considered before?
A small govt argument for UBI is ‘UBI is paying people to take care of themselves, rather than letting the government take care of people inefficiently’.
The sequences can be distilled down even further into a few sentences per article.
Starting with “The lens that sees its flaws”: this distils down to: “The ability to apply science to our own thinking grants us the ability to counteract our own biases, which can be powerful.” Statement by statement:
A lot of complex physics and neural processing is required for you to notice something simple, like that your shoelace is untied.
However, on top of noticing that your shoelace is untied, you can also comprehend the process of (noticing your shoelace is untied) - i.e. by listing the steps through which light reflects off your shoelace and your visual cortex engaging, etc.
The ability to consider the steps of our own thinking appears to be uniquely human.
If we recognise that our process of comprehension and understanding is potentially flawed, you can choose to consciously counteract it.
Science is repeatedly and deliberately making measurements of our own observations over time, attributing theories to those measurements, and constructing experiments to produce further measurements to potentially disprove those theories.
The ability to apply science to our own thinking grants us the ability to counteract our own biases, which can be powerful.
One example of reflective correction is correcting for optimism by noticing that optimism is not correlated to good outcomes.
The tool I am using to distill the sequences is an outliner: a nested bulleted list that allows rearranging of bullet points. This tool is typically used for writing things, but can similarly be used for un-writing things: taking a written article in and deduplicating its points, one bullet at a time, into a simpler format. An outliner can also collapse and reveal bullet points.
Rewriting the sequences to make them shorter would be very useful IMHO. But I prefer reading normal text to bullet points, especially if it would be a long text (such as rewriting the entire sequences).
we will never have a wealth tax because pirate games, so marry the rich v2
original: https://www.lesswrong.com/posts/G5qjrfvBb7wszBgWG/daijin-s-shortform?commentId=4b4cDSKxfdxGw4vBH
1. why have a wealth tax?
we should tax unearned wealth because the presence of unearned wealth disincentivises workers who would otherwise contribute to society. when we tax unearned wealth, the remaining wealthy people are people who have earned their wealth; and so we send a signal ‘the best way for you to be privately wealthy is for your work to align with public utility maximisation’ which privately incentivises work which helps increase utility.
unearned wealth includes: hereditary wealth, wealth due to being at the right place at the right time (you just so happened to buy a tract of land that contains your nation’s entire supply of unobtanium / you just so happened to found a company that became the dominant news outlet for the entire world when other similar but less well timed companies failed)
on my original point about monopolies: monopolies are a special case of ^above. The loss of utility due to monoplies is recognised by economists as deadweight loss.
2. why will [countries where the game-theory supports the creation of ultrarich people] never have a wealth tax because pirate games?
Suppose a whole bunch of us got together and demanded that wealthy oligarchs pay a wealth tax. the wealthy oligarchs could instead take a small amount of money and bribe 51% of us to defect, while keeping their money piles. therefore we will never have a wealth tax.
re [countries where the game-theory supports the creation of ultrarich people]: nicky case’s wonderful interactive game theory primer tells us that the specific payoffs/noise in zero sum games decide which strategies (cooperate, defect) tend to survive. I suspect countries with ultrawealthy tend to have payoff/noise combos that result in dominant strategies that would participate in pirate games
but hang on, what about the democracies that do have wealth taxes?
> Norway recently tried to increase their wealth tax. a whole bunch of rich people left Norway. I do not constitute this as a successful raising of the wealth tax
> [wikipedia] at its peak, only 12 countries have a wealth tax, representing as a whole less than 6% of global GDP; they are exceptions not rules (Austria, Denmark, Finland, France, Germany, Iceland, Italy, Netherlands, Norway, Spain, Sweden and Switzerland)
3. what to do instead? marry rich
this is not easy. EA consultants are in some ways marrying rich people.
Paying the (ongoing, repeated) pirate-game blackmail (“pay us or we’ll impose a wealth tax”) IS a form of wealth tax. You probably need to be more specific about what kinds and levels of wealth tax could happen with various counterfactual assumptions (without those assumptions, there’s no reason to believe anything is possible except what actually exists).
Thank you for this insight!
It is 16%, not 6%.
(Approximately, Germany is 4.7% of global GDP, France is 3.1%, Italy 2.2%, Spain 1.5%, Netherlands 1.1%, Switzerland 0.9%, Sweden 0.6%, Austria and Norway 0.5% each, Denmark 0.4%, Finland 0.3%.)
Applied to a local scale, this feels similar to the notion that we should employ our willpower to allow burnout as discussed here
we will never have a wealth tax because pirate games.
why have a wealth tax? excess wealth is correlated with monopolies which are a failure to maximise utility. therefore wealth taxes would help increase total utility. monopolies include but are not limited to family wealth, natural monopolies, social network monopolies.
however, suppose a whole bunch of us got together and demanded that wealthy oligarchs pay a wealth tax. the wealthy oligarchs could instead take a small amount of money and bribe 51% of us to defect, while keeping their money piles.
therefore we will never have a wealth tax.
what to do instead? marry rich
Multiple democracies do have or have had wealth taxes.
I made a v2 of this shortform that answers your point with an example from recent history.
I made a v2 of this shortform
I agree with you.