Comment Where's that $1000 coming from? (Score 1) 134
If people aren't earning money, how are you going to tax their earned income? If capital is the currency instead of labor, the government must tax that to generate income to provide the services (roads, standards, oversight, military and law-enforcement protection, etc.) that we assign to government in this society.
Or... Let the oligarchs own it all, and provide services to those whom they deem worthy.
Ignoring entirely the problem of what do you live on while you're accumulating that investment wealth.