Let me throw a wrench into things with a provocative statement (which I have no intention of citing support for): The affluence of Western Europe and the US was not built on hard work and ingenuity so much as the exploitation of cheap labor and the sudden access to deep veins of basic resources or economic/industrial efficiencies which were either already extant but inaccessible without a critical mass of capital, or…
I don't think a King George Washington would preside over a young America as affluent as President George Washington did. Tyranny has a way of sequestering innovative spirit.
Studying the demise of historic civilisations
51–60 of 359 posts
Re: Studying the demise of historic civilisations
#52Earlier quoted context omitted.
Get rid of multi generational transfers of wealth. Make each generation start from scratch. I know it's easier said than done as not all assets are fungible or distributable (social networks, geography etc) but it would make a difference. I read recently that the same families that controlled most the wealth in Florence in the 1600 still control most the wealth now, that's probably not good for scrappy innovation.
>...it would make a difference. It sure would. If I wanted to design a system to throw society into abject chaos, basically permanently, I can’t think of a better way than a rule of “make it impossible to build something for your children”. That idea is anti-family, it’s anti-civil-society, and it’s anti-civilization.
- Warren Buffett
I think progressive wealth transfer taxes are a perfectly good middle ground.
Re: Studying the demise of historic civilisations
#53Earlier quoted context omitted.
A death/inheritance tax seems an absolute no-brainer to me - and I consider myself fairly conservative. That doesn't mean increasing the overall tax burden, either - it could be introduced to offset income tax reductions. It seems much "fairer" to me.
A fair tax is one that lands on someone else.
One of the most attractive features of a death tax is that it applies to everybody. After all, nobody escapes death.
Of course, that doesn't mean it'll be loved universally. Some people just hate taxes. Others don't like the idea of not being able to pass on their life's work to their children.
But most reasonable people understand the need for taxation. It's a lot easier to stomach the tax man dipping into your wallet after you're gone than before.
Re: Studying the demise of historic civilisations
#54You know I lately think that, ok, we're mostly past the age of empires physically conquering one another, we're in the age of economic ebbs and flows of established countries. And in this kind of age, the thing that sinks a country is not aggression by others, but indifference and lethargy as a country "gets old". "Getting old" means the political desired and inertia of a rich, settled population get to dominate the…
Re: Studying the demise of historic civilisations
#55You know I lately think that, ok, we're mostly past the age of empires physically conquering one another, we're in the age of economic ebbs and flows of established countries. And in this kind of age, the thing that sinks a country is not aggression by others, but indifference and lethargy as a country "gets old". "Getting old" means the political desired and inertia of a rich, settled population get to dominate the…
I don't think we're past the age of physical conquering. It's been less than a hundred years since the last World War. That's not particularly long, historically speaking. The pattern seems to be that a new major war starts not long after the eyewitnesses of the last one have all died. If that holds true, the next few decades or so will be interesting.
Re: Studying the demise of historic civilisations
#56You know I lately think that, ok, we're mostly past the age of empires physically conquering one another, we're in the age of economic ebbs and flows of established countries. And in this kind of age, the thing that sinks a country is not aggression by others, but indifference and lethargy as a country "gets old". "Getting old" means the political desired and inertia of a rich, settled population get to dominate the…
More to your point, we have vilified death a bit too much. In the past they had poems about death, sung death, created legends. Dying in the battlefield in an honorable way was seen as a good way to leave this place and go to the next one. The world needs to renew itself, or else there won't be enough resources to feed one another. We are at peaceful times but one thing history can show us is our future, and in histo…
Do you really not see that this was sick propaganda, propagated by evil dictators in need of cannon (sword?) fodder?
There's nothing honorable about war or battlefields. It's the worst of the human condition, distilled to the highest concentration. War is repugnant, evil, and unnecessary. We humans should move to rid ourselves of it, not spread fucked up fairy tales about it on the internet.
Honorable, pff. Say that again when you're slowly bleeding out in a ditch somewhere fighting someone else's battle.
Re: Studying the demise of historic civilisations
#57Earlier quoted context omitted.
Get rid of multi generational transfers of wealth. Make each generation start from scratch. I know it's easier said than done as not all assets are fungible or distributable (social networks, geography etc) but it would make a difference. I read recently that the same families that controlled most the wealth in Florence in the 1600 still control most the wealth now, that's probably not good for scrappy innovation.
>...it would make a difference. It sure would. If I wanted to design a system to throw society into abject chaos, basically permanently, I can’t think of a better way than a rule of “make it impossible to build something for your children”. That idea is anti-family, it’s anti-civil-society, and it’s anti-civilization.
Re: Studying the demise of historic civilisations
#58Earlier quoted context omitted.
Get rid of multi generational transfers of wealth. Make each generation start from scratch. I know it's easier said than done as not all assets are fungible or distributable (social networks, geography etc) but it would make a difference. I read recently that the same families that controlled most the wealth in Florence in the 1600 still control most the wealth now, that's probably not good for scrappy innovation.
What is the point of accumulating wealth over this short life if I can’t leave anything to my children?
Re: Studying the demise of historic civilisations
#59Let me throw a wrench into things with a provocative statement (which I have no intention of citing support for): The affluence of Western Europe and the US was not built on hard work and ingenuity so much as the exploitation of cheap labor and the sudden access to deep veins of basic resources or economic/industrial efficiencies which were either already extant but inaccessible without a critical mass of capital, or…
Slavery had a very high human cost and it was also something that prevented the evolution of better options.
Edit: see below for a better explanation
Re: Studying the demise of historic civilisations
#60Let me throw a wrench into things with a provocative statement (which I have no intention of citing support for): The affluence of Western Europe and the US was not built on hard work and ingenuity so much as the exploitation of cheap labor and the sudden access to deep veins of basic resources or economic/industrial efficiencies which were either already extant but inaccessible without a critical mass of capital, or…
I don't think a King George Washington would preside over a young America as affluent as President George Washington did. Tyranny has a way of sequestering innovative spirit.