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A review by rossbm
Radical Markets: Uprooting Capitalism and Democracy for a Just Society by Eric A. Posner, E. Glen Weyl
4.0
(read as physical book)
The authors advance 4 "radical" market solutions that they suggest will decrease inequality and increase growth. The first two proposals are the strongest:
- COST: a tax on property based on its declared value, with the catch that the owners have to sell it at the declared value to anyone willing to pay; and
- Quadratic voting: where people are allocated a certain budget of "credits" that they can allocate for against issues, with the number of votes being the square of the credits spent
These two proposals are quite exciting, especially the tax. Canada is facing a housing shortage that is leading to sky high valuations. A strong property tax might resolve the issue.
The other two proposals, on immigration and being paid to generate data, seem less well though out and less exciting.
Overall, a good book with some really good nuggets that are worth learning about and potentially advocating for.
The authors advance 4 "radical" market solutions that they suggest will decrease inequality and increase growth. The first two proposals are the strongest:
- COST: a tax on property based on its declared value, with the catch that the owners have to sell it at the declared value to anyone willing to pay; and
- Quadratic voting: where people are allocated a certain budget of "credits" that they can allocate for against issues, with the number of votes being the square of the credits spent
These two proposals are quite exciting, especially the tax. Canada is facing a housing shortage that is leading to sky high valuations. A strong property tax might resolve the issue.
The other two proposals, on immigration and being paid to generate data, seem less well though out and less exciting.
Overall, a good book with some really good nuggets that are worth learning about and potentially advocating for.