Avatar
prepare to jibe
b610f182450a8d2659cb160dbf2a7e38d9c41a8223813d888519bb6147787da9
I like Bitcoin, sailing, skiing, hiking, hockey, soccer, audible, art, and hanging out with my family. It’s great to be alive.
Replying to Avatar less

I generally despise politics and am neither a Republican or Democrat, but somebody needs to lay it out:

A Revolution--likely violent--is coming soon.

Income inequality in the US--and around the world--is reaching catastrophic proportions.

History says that this discrepancy in income and living standards is strongly correlated with Revolutions... usually bloody.

If the Ruling Elite and Billionaire Class don't address this developing situation with practical solutions in the near-term, then (I predict, based on historical precedent) that this will NOT end well for said Elites.

The current monetary and financial system has reached a breaking point and, if it is not proactively fixed, it will eventually be overthrown.

One clear example of the obnoxious and increasingly intolerable inequality is in the CEO-to-Worker compensation ratio (see graph).

Hope in the future of America is fading... and many lower income Americans are growing desperate.

In light of this and many other large (and widening) discrepancies, here are Five Fixes for the Ruling Elite and Billionaire Class to strongly consider (and quickly implement):

1. C-suite executives at all public and private US companies should immediately institute policies to lower their compensation packages and/or raise their Workers' compensation packages, in order to reach a CEO-to-Worker ratio of 30-to-1, or less.

2. Though long considered "untouchable," Social Security needs to be intelligently adjusted. I know many wealthy American seniors who neither need nor even want to receive Social Security payments, and would actually be relieved if their payments went instead to their fellow Americans who are suffering financially. -- SOLUTION: Immediately phase-out Social Security payments to senior Americans in the highest income deciles and transfer these same payments to younger Americans in the lowest income deciles.

3. A progressive (income-based) student debt jubilee. -- While I believe strongly in general debt repayment obligations, many recent college graduates are straddled with large levels of debt while available jobs are vanishing. Negative income and a negative net worth cannot be survived for long, as even basic food and shelter needs become out of reach. This becomes an impossible situation to navigate... eventually leading to desperate (likely violent) actions. -- Such hopelessness and aggression are already manifest in high and rising rates of drug and alcohol usage, riots, suicide, and homicide.

4. Disincentivize ownership of multiple homes. -- Many younger Americans are simply priced out of home ownership, while many older Americans own two or more homes. This discrepancy is increasingly insufferable to younger Americans. -- SOLUTION: Americans can easily be disincentivized to own more than one home through tax policy. Doing so would cause many older Americans to try to sell their additional homes, increasing market supply, and decreasing prices to a reasonable level.

5. Increase the progressive Death Tax for the ultra-wealthy. -- Allow entrepreneurial Billionaires and (soon) Trillionaires to enjoy the fruits of their labors while they are alive, but then let the living standards of all Americans be raised upon their passing. Multi-generational family dynasties are over-rated and generally unproductive. -- SOLUTION: Directly transfer progressive Death Tax proceeds to lower income Americans. Make these transfer payments open-source, so everyone can watch the benefits of the inventive and industrious citizens accrue to all Americans.

--------

Finally, I believe that the coming Age of AI and Robotics will only accelerate the above-mentioned trends and accentuate the need for shrewd and well-timed solutions.

It is time for the Ruling Elite and Billionaire Class to act while they still can, or (as history shows) the Worker Class will rise up and do the dirty work for them.

Regarding 1. The way to raise workers salaries would be to increase efficiency and decrease the number of employees. Lots of unemployment will ensue.

Replying to Avatar less

I generally despise politics and am neither a Republican or Democrat, but somebody needs to lay it out:

A Revolution--likely violent--is coming soon.

Income inequality in the US--and around the world--is reaching catastrophic proportions.

History says that this discrepancy in income and living standards is strongly correlated with Revolutions... usually bloody.

If the Ruling Elite and Billionaire Class don't address this developing situation with practical solutions in the near-term, then (I predict, based on historical precedent) that this will NOT end well for said Elites.

The current monetary and financial system has reached a breaking point and, if it is not proactively fixed, it will eventually be overthrown.

One clear example of the obnoxious and increasingly intolerable inequality is in the CEO-to-Worker compensation ratio (see graph).

Hope in the future of America is fading... and many lower income Americans are growing desperate.

In light of this and many other large (and widening) discrepancies, here are Five Fixes for the Ruling Elite and Billionaire Class to strongly consider (and quickly implement):

1. C-suite executives at all public and private US companies should immediately institute policies to lower their compensation packages and/or raise their Workers' compensation packages, in order to reach a CEO-to-Worker ratio of 30-to-1, or less.

2. Though long considered "untouchable," Social Security needs to be intelligently adjusted. I know many wealthy American seniors who neither need nor even want to receive Social Security payments, and would actually be relieved if their payments went instead to their fellow Americans who are suffering financially. -- SOLUTION: Immediately phase-out Social Security payments to senior Americans in the highest income deciles and transfer these same payments to younger Americans in the lowest income deciles.

3. A progressive (income-based) student debt jubilee. -- While I believe strongly in general debt repayment obligations, many recent college graduates are straddled with large levels of debt while available jobs are vanishing. Negative income and a negative net worth cannot be survived for long, as even basic food and shelter needs become out of reach. This becomes an impossible situation to navigate... eventually leading to desperate (likely violent) actions. -- Such hopelessness and aggression are already manifest in high and rising rates of drug and alcohol usage, riots, suicide, and homicide.

4. Disincentivize ownership of multiple homes. -- Many younger Americans are simply priced out of home ownership, while many older Americans own two or more homes. This discrepancy is increasingly insufferable to younger Americans. -- SOLUTION: Americans can easily be disincentivized to own more than one home through tax policy. Doing so would cause many older Americans to try to sell their additional homes, increasing market supply, and decreasing prices to a reasonable level.

5. Increase the progressive Death Tax for the ultra-wealthy. -- Allow entrepreneurial Billionaires and (soon) Trillionaires to enjoy the fruits of their labors while they are alive, but then let the living standards of all Americans be raised upon their passing. Multi-generational family dynasties are over-rated and generally unproductive. -- SOLUTION: Directly transfer progressive Death Tax proceeds to lower income Americans. Make these transfer payments open-source, so everyone can watch the benefits of the inventive and industrious citizens accrue to all Americans.

--------

Finally, I believe that the coming Age of AI and Robotics will only accelerate the above-mentioned trends and accentuate the need for shrewd and well-timed solutions.

It is time for the Ruling Elite and Billionaire Class to act while they still can, or (as history shows) the Worker Class will rise up and do the dirty work for them.

Regarding 2. Cumulative cost of SS over next 20 years is $80 trillion. Rich people taking a pass on benefits is negligible. Rich people being taxed to the extent necessary to fund the plan, well, that’s a big ask.

Replying to Avatar less

I generally despise politics and am neither a Republican or Democrat, but somebody needs to lay it out:

A Revolution--likely violent--is coming soon.

Income inequality in the US--and around the world--is reaching catastrophic proportions.

History says that this discrepancy in income and living standards is strongly correlated with Revolutions... usually bloody.

If the Ruling Elite and Billionaire Class don't address this developing situation with practical solutions in the near-term, then (I predict, based on historical precedent) that this will NOT end well for said Elites.

The current monetary and financial system has reached a breaking point and, if it is not proactively fixed, it will eventually be overthrown.

One clear example of the obnoxious and increasingly intolerable inequality is in the CEO-to-Worker compensation ratio (see graph).

Hope in the future of America is fading... and many lower income Americans are growing desperate.

In light of this and many other large (and widening) discrepancies, here are Five Fixes for the Ruling Elite and Billionaire Class to strongly consider (and quickly implement):

1. C-suite executives at all public and private US companies should immediately institute policies to lower their compensation packages and/or raise their Workers' compensation packages, in order to reach a CEO-to-Worker ratio of 30-to-1, or less.

2. Though long considered "untouchable," Social Security needs to be intelligently adjusted. I know many wealthy American seniors who neither need nor even want to receive Social Security payments, and would actually be relieved if their payments went instead to their fellow Americans who are suffering financially. -- SOLUTION: Immediately phase-out Social Security payments to senior Americans in the highest income deciles and transfer these same payments to younger Americans in the lowest income deciles.

3. A progressive (income-based) student debt jubilee. -- While I believe strongly in general debt repayment obligations, many recent college graduates are straddled with large levels of debt while available jobs are vanishing. Negative income and a negative net worth cannot be survived for long, as even basic food and shelter needs become out of reach. This becomes an impossible situation to navigate... eventually leading to desperate (likely violent) actions. -- Such hopelessness and aggression are already manifest in high and rising rates of drug and alcohol usage, riots, suicide, and homicide.

4. Disincentivize ownership of multiple homes. -- Many younger Americans are simply priced out of home ownership, while many older Americans own two or more homes. This discrepancy is increasingly insufferable to younger Americans. -- SOLUTION: Americans can easily be disincentivized to own more than one home through tax policy. Doing so would cause many older Americans to try to sell their additional homes, increasing market supply, and decreasing prices to a reasonable level.

5. Increase the progressive Death Tax for the ultra-wealthy. -- Allow entrepreneurial Billionaires and (soon) Trillionaires to enjoy the fruits of their labors while they are alive, but then let the living standards of all Americans be raised upon their passing. Multi-generational family dynasties are over-rated and generally unproductive. -- SOLUTION: Directly transfer progressive Death Tax proceeds to lower income Americans. Make these transfer payments open-source, so everyone can watch the benefits of the inventive and industrious citizens accrue to all Americans.

--------

Finally, I believe that the coming Age of AI and Robotics will only accelerate the above-mentioned trends and accentuate the need for shrewd and well-timed solutions.

It is time for the Ruling Elite and Billionaire Class to act while they still can, or (as history shows) the Worker Class will rise up and do the dirty work for them.

Regarding 3. Sure, one time jubilee. But don’t you also have to stop subsidizing college in general or else you have actually made things worse?

Replying to Avatar less

I generally despise politics and am neither a Republican or Democrat, but somebody needs to lay it out:

A Revolution--likely violent--is coming soon.

Income inequality in the US--and around the world--is reaching catastrophic proportions.

History says that this discrepancy in income and living standards is strongly correlated with Revolutions... usually bloody.

If the Ruling Elite and Billionaire Class don't address this developing situation with practical solutions in the near-term, then (I predict, based on historical precedent) that this will NOT end well for said Elites.

The current monetary and financial system has reached a breaking point and, if it is not proactively fixed, it will eventually be overthrown.

One clear example of the obnoxious and increasingly intolerable inequality is in the CEO-to-Worker compensation ratio (see graph).

Hope in the future of America is fading... and many lower income Americans are growing desperate.

In light of this and many other large (and widening) discrepancies, here are Five Fixes for the Ruling Elite and Billionaire Class to strongly consider (and quickly implement):

1. C-suite executives at all public and private US companies should immediately institute policies to lower their compensation packages and/or raise their Workers' compensation packages, in order to reach a CEO-to-Worker ratio of 30-to-1, or less.

2. Though long considered "untouchable," Social Security needs to be intelligently adjusted. I know many wealthy American seniors who neither need nor even want to receive Social Security payments, and would actually be relieved if their payments went instead to their fellow Americans who are suffering financially. -- SOLUTION: Immediately phase-out Social Security payments to senior Americans in the highest income deciles and transfer these same payments to younger Americans in the lowest income deciles.

3. A progressive (income-based) student debt jubilee. -- While I believe strongly in general debt repayment obligations, many recent college graduates are straddled with large levels of debt while available jobs are vanishing. Negative income and a negative net worth cannot be survived for long, as even basic food and shelter needs become out of reach. This becomes an impossible situation to navigate... eventually leading to desperate (likely violent) actions. -- Such hopelessness and aggression are already manifest in high and rising rates of drug and alcohol usage, riots, suicide, and homicide.

4. Disincentivize ownership of multiple homes. -- Many younger Americans are simply priced out of home ownership, while many older Americans own two or more homes. This discrepancy is increasingly insufferable to younger Americans. -- SOLUTION: Americans can easily be disincentivized to own more than one home through tax policy. Doing so would cause many older Americans to try to sell their additional homes, increasing market supply, and decreasing prices to a reasonable level.

5. Increase the progressive Death Tax for the ultra-wealthy. -- Allow entrepreneurial Billionaires and (soon) Trillionaires to enjoy the fruits of their labors while they are alive, but then let the living standards of all Americans be raised upon their passing. Multi-generational family dynasties are over-rated and generally unproductive. -- SOLUTION: Directly transfer progressive Death Tax proceeds to lower income Americans. Make these transfer payments open-source, so everyone can watch the benefits of the inventive and industrious citizens accrue to all Americans.

--------

Finally, I believe that the coming Age of AI and Robotics will only accelerate the above-mentioned trends and accentuate the need for shrewd and well-timed solutions.

It is time for the Ruling Elite and Billionaire Class to act while they still can, or (as history shows) the Worker Class will rise up and do the dirty work for them.

Regarding point 4. Where do you think 2nd home owners would reinvest? What assets would be bid? What would happen to local communities and school funding with the resulting decline in property tax base?

Replying to Avatar less

I generally despise politics and am neither a Republican or Democrat, but somebody needs to lay it out:

A Revolution--likely violent--is coming soon.

Income inequality in the US--and around the world--is reaching catastrophic proportions.

History says that this discrepancy in income and living standards is strongly correlated with Revolutions... usually bloody.

If the Ruling Elite and Billionaire Class don't address this developing situation with practical solutions in the near-term, then (I predict, based on historical precedent) that this will NOT end well for said Elites.

The current monetary and financial system has reached a breaking point and, if it is not proactively fixed, it will eventually be overthrown.

One clear example of the obnoxious and increasingly intolerable inequality is in the CEO-to-Worker compensation ratio (see graph).

Hope in the future of America is fading... and many lower income Americans are growing desperate.

In light of this and many other large (and widening) discrepancies, here are Five Fixes for the Ruling Elite and Billionaire Class to strongly consider (and quickly implement):

1. C-suite executives at all public and private US companies should immediately institute policies to lower their compensation packages and/or raise their Workers' compensation packages, in order to reach a CEO-to-Worker ratio of 30-to-1, or less.

2. Though long considered "untouchable," Social Security needs to be intelligently adjusted. I know many wealthy American seniors who neither need nor even want to receive Social Security payments, and would actually be relieved if their payments went instead to their fellow Americans who are suffering financially. -- SOLUTION: Immediately phase-out Social Security payments to senior Americans in the highest income deciles and transfer these same payments to younger Americans in the lowest income deciles.

3. A progressive (income-based) student debt jubilee. -- While I believe strongly in general debt repayment obligations, many recent college graduates are straddled with large levels of debt while available jobs are vanishing. Negative income and a negative net worth cannot be survived for long, as even basic food and shelter needs become out of reach. This becomes an impossible situation to navigate... eventually leading to desperate (likely violent) actions. -- Such hopelessness and aggression are already manifest in high and rising rates of drug and alcohol usage, riots, suicide, and homicide.

4. Disincentivize ownership of multiple homes. -- Many younger Americans are simply priced out of home ownership, while many older Americans own two or more homes. This discrepancy is increasingly insufferable to younger Americans. -- SOLUTION: Americans can easily be disincentivized to own more than one home through tax policy. Doing so would cause many older Americans to try to sell their additional homes, increasing market supply, and decreasing prices to a reasonable level.

5. Increase the progressive Death Tax for the ultra-wealthy. -- Allow entrepreneurial Billionaires and (soon) Trillionaires to enjoy the fruits of their labors while they are alive, but then let the living standards of all Americans be raised upon their passing. Multi-generational family dynasties are over-rated and generally unproductive. -- SOLUTION: Directly transfer progressive Death Tax proceeds to lower income Americans. Make these transfer payments open-source, so everyone can watch the benefits of the inventive and industrious citizens accrue to all Americans.

--------

Finally, I believe that the coming Age of AI and Robotics will only accelerate the above-mentioned trends and accentuate the need for shrewd and well-timed solutions.

It is time for the Ruling Elite and Billionaire Class to act while they still can, or (as history shows) the Worker Class will rise up and do the dirty work for them.

Regarding point 5. Elimination of dynastic potential would likely be demotivating.

I’ve seen you on both sides of this.

On the one hand, bitcoin is uncontrollable, don’t try to shape it or have preference or directional aspiration because it’s futile and you are wrong.

On the other hand, bitcoin needs active shepherding of the technology and and fostering of the type of culture that would facilitate technological evolution or else it will fail.

Jeff. Wondering if I have this right.

Assume an inflationary system: innovators are motivated to find new methods/discoveries/systems that can outpace inflation. The reward of these “hacks” are first accrued by the innovator and then later diffused to the larger population.

In a deflationary system (Bitcoin), will innovation slow because the motivation of outpacing inflation has been removed?

Does the inflationary system have to run its course completely via AI and robotics before a deflationary system takes hold?

Great article. Thanks.

How will quantum computing affect garden variety bitcoin mining? Do quantum computers have any supped up ability to mine?

Is the expectation that all other assets would be quantum resistant before bitcoin?

Also, in a world of quantum computers what would the quantum folks want to diversify into? Nothing else is particularly scarce. What would happen with a massive market buy of the dollar? I wonder how the currencies would respond?

Within personhood, is there a common progenitor of political thought and religion? Or does one proceed or direct the other?

Is it a lens shaped by accumulated experience, inherited and personal?

Is it a lens that is both progressively refined and also one that can jump to a new paradigm (like a scientific revolution)?

Wondering if you can help

me think through something or point me in a direction?

In the context of contemporary American Christianity, how are political views and religious understanding related?

I think American Christian’s believe their political views (both left and right) are moral and aligned with their faith.

Those of opposing political would likely quietly or openly characterize the other side as having misguided politics and probably suspect them of also having elements of misguided theology.

Where do political thought and religious understanding map to within personhood? Is one the wellspring of the other? Or are they more or less indistinguishable—a single unified moral concept? They seem very closely placed, possibly even in those who would deny it. (I’m political but not religious or I’m religious but not political).

Conversions from progressive or liberal Christianity to traditional or evangelical Christianity are essentially always accompanied by a political conversion as well. And the opposite holds true as well. Conversions from traditional or evangelical faith invariably occur in concert with a political shift.

It may actually be that leftward translation is social/political 1st, followed by religious (if religiosity is maintained. And rightward shift is more often a primary religious impulse followed by political realignment? But I’m not sure.

An app to help Germans insult each other online? Maybe a German could just hover the cursor over a palette of insults to craft the needed phrase. Then it is posted to nostr for all to appreciate.