Post
Topic
Board Economics
Re: Technological unemployment is (almost) here
by
thedarklight
on 19/03/2014, 06:30:15 UTC
Capital assets in the form of dividend paying stocks for instance can provide basic income. You do not need to tax the rich to feed the poor because economic growth can pay enough in dividends to provide basic income to entire cities or entire countries. I hope to show that you can use the levers of capitalism even easier than you can use the levers of government and without any confrontation because you decide how to distribute your shares.
Interesting, who will voluntary give away these shares for free to the unemployed?! Shocked
To this exact point this is how much of the Soviet Union divided up the public assets, funny thing all the poor people sold there divided paying stocks to the wealthy.  
Who would voluntarily give their shares? When did I say it would work like that?

Nor do I say some government should steal your shares and distribute it for you.

Everyone is part of some community, if you're so greedy that you can't give a percentage of your shares back to the community why should you expect the community to support or protect your business?

It's an advantage for a business to support the community they operate in. I would give some of my shares to my community. That doesn't necessary mean "the poor" or random people. When I say my community that could mean my fraternity, my peer group, the Bitcoin community or any community I choose. Most shares wouldn't be given away but should be easy to earn for the volunteers.

People already are following this distributed ownership business model. They might not give the shares away for free but they let you in on it at pre-IPO when shares are going for pennies.

Look at altcoins for example and you'll see that when altcoins launch they go for pennies. A small community of true believers form around the altcoin. These are the people who actually develop the coin, build value around the coin, etc.

In a DAC if we use that as the example then you'll have people volunteering for shares in the DAC. They aren't supposed to all just be given away. In other cases people mine and get them from that.

I find it strange that in the Bitcoin community where most are poor and own shares in this Bitcoin thing that you think it's a foreign concept that the same familiar process could be used over and over again to solve poverty.

STOP THINKING INSIDE THE BOX!!!

Have a look at my blog article and learn more http://hplusmagazine.com/2014/03/12/autopoietic-computing-and-reality-augmented-autopoietic-social-structures/