Friday, September 21, 2012

Random thoughts on selling prices

The problem with capitalism is that it attempts to abstract all experiences and human conditions in terms of resource ownership. The problem with meritocracy is that it lends credibility to the idea that your deserve the resources that you own.

What if prices were all suggestions and you pay any price you think goods are worth, but you'll be taxed for whatever you underpay, measured according to your earning power?

That means a cup of coffee can be marked $1 no matter where it is sold, but you're free to pay $3 if you really enjoy it, and your taxes suggest that you pay $6 if you earn 6 times the average salary, or you can overpay someone else instead. Your quality of life cannot be improved by increasing consumption, but rather by the choices you make.

Would it work out?

The nominal value of money would lose its current meaning, but isn't it how it should be?






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