I think not all cases of redistribution deserve to be called slavery. In particular basic income isn’t necessarily slavery because it can be financed by things like unimproved land rent, which should never have been private to begin with (see this picture). That ties in with the Soviet use of the slogan, which was partly aimed at royalty and landed nobility who only 50 years before could literally own people.
More generally wealth depends on work and luck which are usually hard to disentangle, but some examples of luck are very pure and it seems like a no-brainer to spread them around. Diminishing marginal utility of money shows that if a piece of luck falls from the sky, it’s better to share it with poor people than give it to one rich person. For example the government should auction off the right to search for oil and pump it, and use the proceeds for UBI, instead of giving dibs to the children of whoever owned the land before internal combustion was invented. That kind of approach can yield a surprisingly huge amount of money.
Going back to the original topic, I think a big part of the market’s recursive dynamics is also pretty much luck. My preferred solution is to carefully find ways to redistribute luck, while still rewarding effort. It’s not easy, but neither is being poor under the current system.
I think not all cases of redistribution deserve to be called slavery. In particular basic income isn’t necessarily slavery because it can be financed by things like unimproved land rent, which should never have been private to begin with (see this picture). That ties in with the Soviet use of the slogan, which was partly aimed at royalty and landed nobility who only 50 years before could literally own people.
More generally wealth depends on work and luck which are usually hard to disentangle, but some examples of luck are very pure and it seems like a no-brainer to spread them around. Diminishing marginal utility of money shows that if a piece of luck falls from the sky, it’s better to share it with poor people than give it to one rich person. For example the government should auction off the right to search for oil and pump it, and use the proceeds for UBI, instead of giving dibs to the children of whoever owned the land before internal combustion was invented. That kind of approach can yield a surprisingly huge amount of money.
Going back to the original topic, I think a big part of the market’s recursive dynamics is also pretty much luck. My preferred solution is to carefully find ways to redistribute luck, while still rewarding effort. It’s not easy, but neither is being poor under the current system.