Utopia=Capitalism=UBI

I will argue that Utopia is pure Capitalism. For that I will present a logical argument. Next I will argue that we are far from pure capitalism. I will suggest three points of how to achieve pure capitalism: (1) UBI, (2) 100% inheritance tax, (3) 0% income tax. To enforce this system I would have the monopoly on violence ( aka the government) enforce a fully transparent ownership system through the blockchain, in which trade can only happen through auctions. I come to the conclusion that value creation is maximized through capitalism. Our current class system has little to do with pure capitalism.

Logic:

Utopia is a state of maximizing value

Value is felt by people

People reveal value through money

Money is accumulated through profit maximization

Capitalism is the economic and political system driven by profit maximization

Capitalism = Utopia

Explanation of logic:

I want to argue that money is nothing but value coins. You buy things because they are of value to you. Even if you dont spend your value coins (spending time with your loved ones doesn't cost money) you are spending time which you could have worked (which can be measured in value coins). The way you earn value coins is by providing value to others. Other people buy your goods and services if they value it. The more value you provide the more value coins you will earn. These value coins you can then spend on other goods and services you value. This incentivizes maximum value creation. This is the essence of pure capitalism

Problem with today’s capitalism:

There are three main problems with the distribution and creation of value coins.

1. People are not given the opportunity to maximize their value creation

People have a certain potential to create value coins in different ways. Some might be better at teaching, others better at programming… If we give people different types of education due to their socio economic background, and force them to start a low value creation early in life for survival purposes we will not maximize their value creation. I will argue for better educational opportunities for all as well as UBI.

1. People inherit value coins which were not meant to be spent by them

People inherit value coins from their parents. This makes no sense. Value coins are to be earned and spent by an individual who creates value, not by the nth generation thereafter. In this case I will argue for 100% inheritance tax.

1. We disincentivize value coins creation by taxes.

This framework also yields that we should not tax value coin creation. Value coin generation is inherently good, thus the government should not disenzentive this. I will argue for 0% income tax.

Logical continuation:

I think our system has it upside down. We should give every person, no matter which background the same opportunities. This should not be a meaningless phrase. Actions required for this should be fully funded schools, as well as monetary support to low socioeconomic students, as well as universal basic income. I would go as far as a paid mentoring system for low socioeconomic kids to offset possible shortcomings of less educated parents and upbringing. Here the government can pay well off adults and educated people to mentor kids from less fortunate backgrounds. This and only this can create the foundation for every person to maximize their value creation. This costs shit loads of money. How do we pay for this?

We currently pay for this with income taxes. In this model, this is the worst possible scenario. The government is cutting off the hand which feeds it. We want to give people maximum incentive to create value. Thus 0% income tax.

This maximal value creation should be reintroduced effectively, by inheritance tax. Kids of rich parents don't create value by inheriting value coins. Value coins need to be spent on all children to nurture a soil for them to find their best value creation body of work.

Implementation:

The implementation of point 1 is pretty simple: Spend more on schools, UBI, and Mentoring.

For point 2 and 3 I thought a fully controlled blockchain solution would be neat. Every item worth owning has a barcode. It has to be owned by someone, otherwise it belongs to the government (which will spend it on point 1). A person will have all its belongings, cash or assets, registered on the blockchain for everyone to see. If that person wants to sell something it needs to go through an auction. If that person dies the assets under this person’s name go through an auction. If his or her kids wants to buy it, they have to bid for it. If the kid thinks it can create more value than anyone else in the market by owning these assets it needs to prove it by being the highest bidder. If that is not the case, assets are put to better use in someone else's hands, and the earnings from such transactions will go to the next generation of value creators and value maximizers, not just the ones with the same last name, but all of them.