QuoteOriginally posted by: exneratunriskSo a "real left-wing" wants a market liberation, the orthogonalization of economy and the social system and sharing. Instruments would be unconditioned basic income, changing the reference system for progressive tax from wages to income, cancel all subsidies, ...and ... drumroll ... organize a slim government that concentrates on hard and soft infrastructure.First, let me wholehearted agree with the goal of "a slim government that concentrates on hard and soft infrastructure." And the concept of the orthogonalization of economy and the social system seems attractive on the surface. But is it possible? To the extent that the "social system" involves any transfers of money or money-like instruments, it immediately becomes non-orthogonal to the economy. The redistribution of money among producers and consumers can't help but change economic patterns of production and consumption.∂Standard_of_Living/∂Labour: how do social policies modulate returns on labour?∂Standard_of_Living/∂Savings: how do social policies modulate returns on savings?∂Standard_of_Living/∂Risk_Taking: how do social policies modulate the expected value of risky investments?Or, more generally, what is:Standard_of_Living( Person_i | Decisions_and_Actions(Person_i) )A central challenge to government is to skim enough resources from the economy to provide vital services/infrastructure to that economy without stunting the very economy that the government depends on.
Last edited by Traden4Alpha
on October 10th, 2013, 10:00 pm, edited 1 time in total.