In Ambassador News, Basic Income

proposed replicator: “taxeme”

Behavior:

every node controls their own taxeme and what tax-rate it uses. taxemes are inherited per transaction. inherited taxemes last until someone else inherits it. each node is taxed using the lowest taxeme it carries. taxemes collapse when they return to the originator.

Result:

local tax-rates will emerge in consumer-producer feedback loops

Summary:

Consumers want basic income for everyone. Producers that want to contribute are favoured by the market of consumers. Wealth redistribution through natural selection.

How i came up with the idea:

I came across Ryan Fugger’s Ripple in 2012, and realised that the pathways that exist between users in ripple could be used as a map of how dividends could be shared, webs of consumption, so that only those that contribute to an economy receive shares of it. I then thought that it made little sense to set one central tax-rate if the distribution was that decentralised, and it made no sense to draw arbitrary borders, so i thought: is it possible to come up with a decentralised mechanism ? and i started playing with the idea of a genetic algorithm.


Looking further and the future of the ‘Resilience’ protocol

If my genetic algorithm idea works, then that might be the first decentralised model for wealth redistribution. These “taxemes” could control more then just basic income tax, you could potentially code your taxeme to redistribute 2% to UBI and 3% to some healthcare-dApp and 1% to some city planning dApp. The most successful taxemes will shape the ‘Resilience’ redistribution machine, and human consumers will be able to use taxemes to influence how wealth is redistributed in the DAO economy.

 

inter-connect with me: [email protected]

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