Damage-Subtracted taxes, instead of Value-Added taxes? DST vs VAT?*
John Cochrane Explains Neo-Fisherism
Really? When is too much too much? Orthodox economics - like Aristocracy - has turned into nothing more than hoarding behavior. First people hoard static goods, then they soon hire academics to train shamans, create political-religions, and finally flood us with "economic" theory - in distracting attempts to hoard public fiat, and cultural perspective itself.
Personally, if I became President, I'd do something to seriously tax all this excessive economic theorizing that somehow accumulates as paid lobbying - unproductively dominated by "savers hoarding" instead of "labor producing" ...
... and get back to actively managing a highly dynamic economy based on more/faster/wider feedback based on better/faster/more cultural instrumentation.
Surely we must stop letting these hoards of Economic Policy beginners continue over-modeling an economy as an adequately described, static machine running at constant load.
A dynamic democracy is not a simple machine, it's an incredibly dynamic, rapidly evolving bio-cultural engine. Just stop trying to constrain our democracy & culture.
I've now read enough economics literature to stop reading it.
What do we need? Funny how those words cheques & balances come back to haunt us. :)
The original checks & balances intended by the Constitution were hacked within 8 years, when we let factions create political parties instead of sticking to our intended practice of finding consensus Desired Outcomes anew, with every year of changing context. The easiest time to betray any revolution is immediately, while rebels are still thinking that they won.
Disorders of hoarding behaviors in defined central nervous systems are continuously studied, yet those individual disorders are trivial compared to the impact of distributed hoarding behaviors in definable cultures, whether the cultural boundaries are defined by markets or nations. We won't address cultural hoarding until we invent new methods for training citizens to acknowledge and study it. By then, we'll have distributed disorders on a supra-cultural scale. Will the quality (including tempo) of our distributed discourse rise to meet that looming challenge, fast enough for humans to survive? Not if we don't start practicing audacious new methods, ASAP.
We need more methods, not models. And more practice, not just theory.
* A sin tax on public practice of economic theorizing, just like on other forms of gambling? Sure. Why is it ok for rich lobbyists to gamble with public policy, while poor people may only gamble their personal options in casinos (owned by rich people)? Yes, political parties are casinos, where naive voters are enticed to roll their dice - while not playing with House options, nor the Senate's. :(
* A sin tax on public practice of economic theorizing, just like on other forms of gambling? Sure. Why is it ok for rich lobbyists to gamble with public policy, while poor people may only gamble their personal options in casinos (owned by rich people)? Yes, political parties are casinos, where naive voters are enticed to roll their dice - while not playing with House options, nor the Senate's. :(
