Rodrik: Economics Deck

Re-Satisfying Rodrik’s 
Original Trilemma
The globalisation trilemma is broken
Income tax out, wealth tax in
Synthetic labour is here…
“I would challenge those listening to this speech to not think of AI as a specific technology, but instead as a type of human labor – one that can be bought and sold at the speed of a computer, and one which is getting cheaper and more capable over time”  — Jack Clark
…and so are real-time asset valuations…
We now have the technology to value assets in real-time without trading them, meaning that we can calculate a person’s tax bill based on their assets, not income
…thanks to cryptoeconomic primitives

1
Convert ownership certificates to non-fungible tokens (NFTs)
2
Upgrade council tax to a soft Harberger Tax
3
Replace income tax revenue with asset tax revenue
We can repurpose the flawed research…
To implement this upgrade, we will have to repurpose existing research

In the UBI context, this will involve the re-analysis of existing pilot schemes, and where we can reapply learnings in the ‘global state pension’ context
…and implement using novel protocols
“We think of Tempo as the payments-oriented L1, optimized for high-scale, real-world financial services applications”  — Patrick Collison
The trilemma will break again…
…but for now, move deeds on-chain 👊
inversionholdings.substack.com
Rodrik: Mark II
Evolving with the inevitable rise of synthetic labour

Made with

Re-Satisfying Rodrik’s Original Trilemma

The globalisation trilemma is broken

Income tax out, wealth tax in

Synthetic labour is here…

…and so are real-time asset valuations…

…thanks to cryptoeconomic primitives

Convert ownership certificates to non-fungible tokens (NFTs)

Upgrade council tax to a soft Harberger Tax

Replace income tax revenue with asset tax revenue

We can repurpose the flawed research…

…and implement using novel protocols

The trilemma will break again…

…but for now, move deeds on-chain 👊

Re-Satisfying Rodrik’s
Original Trilemma