Utopianism: Difference between revisions
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* medicare available for all | * medicare available for all | ||
* medicare is accepted by all health providers | * medicare is accepted by all health providers | ||
== rent capped at 75% of estimated monthly payment if property were sold == | |||
== credit scores last 2 years == | == credit scores last 2 years == | ||
Revision as of 00:19, 1 January 2023
A Good Objective from TikTok
There was an interesting video on TikTok that presented some utopian objectives based on moving the needle more toward socialism from where we are. As an economist, I am in support of moving that direction from here (2022), but I also want to avoid overcompensating (without objecting to appropriate compensating). Let's take a look at the key features presented.
- 3x real estate tax for unoccupied property
- rent capped at 75% of estimated monthly payment if property were sold
- credit scores last 2 years
- UBI at median rent + food + utilities + medical
- minimum wage for 100 hours work in a month is equal to ubi
- all income that exceeds 50x lowest salary in a given corporation is taxed at 99%
- medicare available for all
- medicare is accepted by all health providers
rent capped at 75% of estimated monthly payment if property were sold
credit scores last 2 years
- Interest rates for good risks would rise.
- Interest rates for bad risks would rise less, or fall.
- Overall interest rates would rise.
- Speculative economic activity would have a higher default rate.
- Speculative economic activity would fall.