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kenny 🎩
@kenny
my hottest take is that society can run on voluntary taxes if we align incentives properly and make the process transparent
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Dean Pierce 👨💻🌎🌍
@deanpierce.eth
This is what charities are 😁 Charities fund a lot of good things, but there are a lot of gaps that need to be filled in with tax dollars. What we spend tax dollars on is, ultimately, entirely decided by voters. Seems to me that the entire role of a government is to figure out how to properly allocate tax dollars (and figure out who are the right people to tax).
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kenny 🎩
@kenny
charities play a role for sure but those are private organizations you give your money to and trust they will do a good job (you lose control over how it's used) and there are gaps that need to be filled and we do that by pooling our resources in the best way we know how (big centralized entity gathers the money under threat of violence then we vote some people in and pray they use the money properly) imo there's room for a new method, enabled by programmable money, that will allow people to pool + deploy funds in a more fluid and efficient manner than clunky centralized governance systems if we can do that, you'll see people happy to contribute as they can see the benefits of their contributions more clearly
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Dean Pierce 👨💻🌎🌍
@deanpierce.eth
What was a fun realization for me is that quadratic funding sits basically exactly in between the concepts of charitable funding and democratic funding. High value contributors still get extra influence over where funds are sent, while enabling smaller contributors to get more impact than they'd normally get from charitable funding.
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kenny 🎩
@kenny
tbh I haven't dug into quadratic voting as much as I should, but from what I do understand it's usually a big pot of money and then a governance process layered on top to try to figure out how to spend that money? which I don't love still an improvement over strict charity or the democratic process, but I like targeted funding of specific initiatives vs any sort of organization with a vague mission plan trying to optimally allocate funds
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