Vitalik Buterin
@vitalik.eth
Things that are enjoyable are often also likely to be status symbols: https://stefanfschubert.com/blog/2022/4/6/status-as-a-multiplier-on-intrinsic-enjoyment In my experience far from always true: the status seems to persist much longer than the enjoyment - but still, it's an interesting argument for...
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Vitalik Buterin
@vitalik.eth
... why high sales taxes are likely to be an actually not-that-inefficient form of taxation. I can't find it anymore but I saw a result once suggesting that, taking status effects into account, the optimal sales tax might be around 40%.
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tldr (tim reilly)
@tldr
The problem with sales taxes — no matter how theoretically efficient — is that they land in the coffers of inefficient spenders (bureaucrats)
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CD 🎩
@vagobond
This is why I favor Democratic confederalism and fully recallable delegates determining budgets instead of appointed lifetime bureaucrats.
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Brandon
@0xbrandon
Agreed. The fact that in the US, you can legally run for one party then change your party as soon as elected or lie about literally everything (George Santos) should be an instant crime. https://www.pbs.org/newshour/amp/politics/north-carolina-democrat-switches-parties-giving-gop-veto-proof-control-in-legislature
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Brandon
@0xbrandon
But it’s not, therefore market forces dictate that SOMEONE will grift if there is a grift to be had and money / influence to obtain.
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