Hello and welcome to the political orphanage, a home for plucky misfits and problem solvers. I'm your host Andrew Hee.

Boy, do I love thought experiments? This is a good thought experiment episode.

My guest today. You know what I don't want to I don't want to pin him down. We're all orphans here right?

He's very much a political orphan. I'm going to try to stick a label on him later, but I really shouldn't have.

I just want you to assume he's his own unique political species.

Labels aren't going to help, so we'll climb out of the labels for today.

And he has the interesting idea of applying markets to

everything or just about everything. Rethinking how we approach markets and where they work and where they don't work.

Like voting, which we'll learn about shortly. Not buying votes, mind you. Nobody here, my guest

nor I is advocating that rich people get

to buy votes and poor people get less or anything like that. But he's come up with a system where

everybody kind of has a voting account, so to speak, that they can allocate their voting

capital on. We'll explain it here in a minute. Equally fascinating.

Imagine that there are no taxes, income, sales, or otherwise, except for a property tax on your house or your factory or your bordello.

Just property taxes, that's it, there's nothing else.

And you get to tell the government how high you think that taxes on your Bordello factory should be.

Or rather, the government taxes you, let's say 10% of whatever you say it's worth,

the value's up to you. You could say it's worth $400 or you could say it's worth a

million dollars and you'll pay 10% of whatever you say it is. But there's a catch. If someone

offers to buy it from you at the value you've stipulated, you have to sell it.

What would that world look like?

How would that economy operate?

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