From the New World cover image

Robin Hanson: Status and Our Forager Future

From the New World

CHAPTER

Is There a Potential Conflict?

There's a potential conflict here where governments want to tax people who who earn more at higher rates, and that's kind of difficult to determine ahead of time. I don't know, you can see this being solved pretty easily though. But again, the auction gives you the present value of all that right? If you have a progressive income tax, a rich people pay more. Well, then if you buy the auction value of a richer person, then you get that more money. So then the government gets the value for that. Oh, I see. Whatever the taxes are, they are still paid. And then they're just diverted to this other company. The other company has no powers

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