this post was submitted on 12 May 2025
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I think the solution is Universal Basic Income with benefits, paired with fixed income ranks. Everyone within a rank gets exactly the same pay each year. Each job class falls into a specific rank, determined by objectively developed ERK metrics - Effort, Risk, Knowledge. Wealth and assets is capped alongside income, so someone like Bezos, Musk, or Trump can't have excessive wealth. In addition to this, I think that education should be treated as a paying job, rather than something that student pay for. A student forced to be a barista isn't able to focus on mastering their intended specialty, which is bullshit.
IMO, money should be for upgrading lifestyle, not used for survival. This would allow people to freely strike or protest, since their income doesn't dictate whether they get to eat or have a place to live.
While my concept is completely artificial, I would argue that the excessively wealthy distorts economic reality - so we might as well go with an deliberate distortion that serves everybody, rather than the few.