https://www.facebook.com/yudkowsky/posts/10152873248924228
Interesting indeed.
But we still need some kind of fee(taxation) for public utilities, defense spending, social safety net.
This actually made me question the assumption: "Generalized tax rates as a fraction of total profit/assets is a good idea"
After reading this I realized...
I was too complacent with what I thought was best that I stopped keeping my eyes and mind open for something that possibly is better.The info is still fresh so I'll get back to you after some proper analysis and if I have any criticism of this model.
Anyways, we still need some sort of fee or tax rate depending on how much you own. For example: Taxes based on your property (based on size, not value) that goes to the fire departments, Fees for your cars based on weight and mileage left on average for that model(not car value!) that goes to road maintenance etc. etc. etc.