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2024-01-15 10:03:41

Charlie Stross on Nostr: Every time I see some well-meaning folks advocating "tax the rich!!" I wonder, why ...

Every time I see some well-meaning folks advocating "tax the rich!!" I wonder, why not think big and abolish money instead?

Money isn't merely a symptom of poverty, as Iain Banks pointed out: money creates poverty—there's a potentially infinite supply of money generated by allocating debts and issuing credit, but only certain people are permitted to accumulate it.

We need a better resource allocation system; "tax the rich" is a sticking plaster prescribed for a heart attack.
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