The "Fair Tax" .... isn't

There is no such thing as a "fair" tax other than a simple per-capita fee. Taxing income isn't "fair" because it's essentially a limited form of slavery (a portion of one's labor is forcibly appropriated by someone else). Taxing consumption isn't "fair" because consumption is a different fraction of wealth for different populations.

But people don't really want a "fair" tax; they want a "tax everyone else more than me" tax.

A much better system is probably something like an income tax based not on income, but on accumulated wealth. So an organization (individual or corporation or trust, etc.) with zero assets would have zero tax, but if there are equivalent assets of $10M per person, the income tax should be close to 100% (after all, $10M is enough for $100k for 100 years!)

Such a system would help the poor, would help address income equality issues, and is inherently progressive since taxation is not in any way related to consumption. When applied to corporations it would result in lower costs for everything or higher incomes for employes, as companies would have less incentive to simply accumulate massive profits. It's also self regulating, since if you have zero income then the taxes decrease each year as the assets are utilized (for instance, if you are drawing down savings). This system also doesn't tax activity - which is what any income or consumption based tax does. Instead, it taxes accumulation.

Now, this is a radically different system than anyone has ever implemented, so will probably find no support - especially not among the rich who will scream that it affects them negatively (and they'd be right; this is not a "fair" proposal).

Out of curiosity: are they buying physical gold, storing it in a safe under their own control?

If not, then their "purchase" of gold is just as useless as putting money in the bank, buying stocks, etc. If things really do get that bad, why on earth would a rational person think their "gold account" will still be credited to them?

There's a slight difference, though, between "being responsible" and "being forced to behave in a certain way."

I agree that it's disappointing that people don't do what they can, even simple things, but it's actually rational: the cost that "influential groups" are trying to impose on the individual is so high that those costs are perceived to exceed the benefits obtained by mitigating the externalities.

Consider people saying gasoline prices should double today; that will massively impact current quality of living, and people are just not seeing that it's worth it for the possibility of slightly lower prices for, say, home insurance, in the future. Compound that with the fact that people already know that prices of insurance are going up anyway, and then you realize that you're paying now for a lesser increase in the future, and it's wholly rational why people are resistant to pay for these things today.

If you could actually show that paying for things now would make other things cost less in the future (compared to now, not to some estimated future cost if the activities took place) and people would jump all over it.

Case in point: people won't even buy a Volt because it costs almost twice as much as a traditional sedan, even though you can probably recover that extra cost over the lifetime of the vehicle and come out ahead.

People get paid to collect litter and sweep streets. They do it because it's necessary to keep the place liveable in.

No, they get paid not because it's necessary, but because people are willing to pay them so they don't have to live in squalor and because they are too lazy to take the trash to a dump themselves. (There are many places around the world where people are not willing to pay for trash pickup, and so trash piles up everywhere...)

There are other important differences, as well, such as the fact that refuse accumulation is not a probabilistic event but a deterministic one, and all the climate change issues are probabilistic*. While you might argue it's government's role to step in to address these probabilistic events, it gets tricky because who decides what the acceptable rate of return is on the "preventive measures"?

*Yes, on the whole, you can say that "the climate will change" and that is deterministic; what is probabilistic is the specific effect in a particular geographic area, be it changes in land arability, sea level, or frequency and magnitude of severe weather events.

This sounds all well and good, but here's the question:

How much money are you going to pay me to do nothing with my time other than sequester CO2 out of the atmosphere? I'm willing to do it, but I'm not going to do it for free.

I personally think even statically linking shouldn't make your product be a derivative work. An automobile is not a derivative product of the engine, even though the engine is "included" in the product.

I think the terms used in the license related to linking should make this explicit: If you have a fixed dependency on this code such as static linking, then your product must also be GPL, because your product is including a copy of our work. If you link dynamically, then we can't care, because you're only relying on an API, and the courts have ruled that you can't copyright an API.

What you would have to do if you distributed a work that's dynamically linked is provide source for all the dynamic libraries if you distribute those libraries with your source, because of their license, but if you just send the application and assume the user has appropriate libraries, then there can be no restriction on the application.

This should be fairly obvious: there is no (and can be no) violation of Microsoft or Apple copyright with an application for Windows or MacOS, even though those applications most surely dynamically link to copyrighted libraries.

Of course, most of this argument and personal opinion is based on logic, and I'm well aware that courts have no requirement to base their precedents on logic.

It's sad that so few people realize this.

What kind of house, refrigerator, etc. is that?

The grand total power usage in my house for me and my wife only averages about 9 kW-hr per day, which is an average of 375W. When we were running our A/C in the hottest part of the summer we only averaged 14kW-hr/day, which is still significantly less than 1kW.

48 kW-hr/day most surely includes other sources, most likely transportation.

I'd say there is a huge difference.

The former - laws providing specific judicial and punitive events for certain situations - are testable, finite, specific things.

The latter - trying to say people have "the right not to suffer" is trying to codify judicial action to subjective response of individuals to external stimuli.

"The right not to be offended" is a good example of this terrible concept. "The right not to be offended" is essentially asking for everyone to live in an environment where they take no actions at all because any action has the possibility of offending someone. (I'd argue that everyone already has the right not to be offended - nobody is forcing anyone to get offended at any particular situation!) At best you may get people wandering around with no freedom to choose their actions, only performing the "allowed actions" to minimize offense.

I'd rather just live in a world where robots don't have rights, but there are clear consequences for mistreating other people's robots.

They know it will be worth less when you pay it back which is why they want you to pay back more than you borrowed. The extra covers inflation and allows them to profit off the loan.

True - but what I meant was, even if there is inflation, your mortgage (and its interest payments) do not change - so if your monthly payment is $100, $100 will always satisfy that monthly payment. Which is why it's great to be a borrower (but really bad to be a lender) if you think there's going to be massive inflation.

What I meant by "ignore the interest" is where you may save a little money by making a mortgage payment yesterday by reducing compounded interest compared to if you held that money and made the payment today instead (assuming that you didn't put that cash somewhere else yesterday and it earned more money than the day's accrued interest).

You've got to be careful with statements like this. You can't just say "[The dollar] is worth less-and-less every day" without saying less of what.

A dollar today may buy me less gasoline than it would have bought yesterday, but it still clears exactly the same amount of debt off my mortgage that it would have yesterday (for sake of example ignore interest here), and it may even buy me more pencils than it would have yesterday.

(That said, in general, I would agree that it takes more dollars to buy a larger variety of goods than it did in the past. What's even worse is that it's not just simple inflation but is also a reduction in standard of living, because prices are increasing faster than wages.)

But that's not what the article says - it doesn't say that it costs more for litigation and licensing, it says that it's a net loss to society.

The argument is that, for a given unit of technology in society, it costs more to have that technology in the presence of litigation and patent trolls. This doesn't have anything to do with the distribution of spending between the licensing and licensed, but the total amount society must pay for a given level of technology.

It's kind of like monthly payments: you can take out a mortgage to "afford" a home, but end up paying significantly more in total for that home than if mortgages didn't exist in the first place due to two factors: no interest cost and also because the selling price would have to be lower to begin with.

A warehouse doesn't pay tax on everything it contains on an annual basis.

In the United States they do. In the US, companies will often destroy goods (and equipment) by scrapping because it's cheaper to destroy them than pay tax on the inventory. This is also why companies will periodically hold inventory-clearing sales with items at stupendously reduced prices.

I don't know about farms and livestock though.

I can just see, in many years, headlines decrying ancestral decisions to tap lunar orbital energy which went too far, resulting in lunar orbital decay and imminent collision.

As many have said below, your brain is indeed doing math - what it's not doing is "computation".

Most of the discussions in this thread are forgetting that important difference. The applications for which this type of chip will be useful are those in which the exact value of something is not important, but the relationships between values are. For instance, if you're implementing a control system algorithm, you don't care that the value of your integration is something specific, but you do care that it will always increase in proportion to the inputs and time. This is more akin to how your brain works - it doesn't care how much force it has to apply to your arm to make it move to catch a ball - it just knows that it needs "more" or "less".

For things like finance or engineering design that actually require computation this chip would be a poor choice.