On Wed, Aug 27, 2025 at 12:40 PM John Rose via AGI <[email protected]> wrote:
> On Wednesday, August 27, 2025, at 12:39 PM, James Bowery wrote: > > Bowery's property money concept appears to be an attempt to address this > gap by establishing a new relationship between currency and property rights. > > > That James Bowery! I was a sysop on several BBS’s in the early 90’s and I > remember reading your articles coming across FidoNet or something. I was > like “Who the heck writes this stuff!? There are some serious brainiacs out > there.” At the time I didn’t understand it well but now I do more so. Most > people don’t realize that the US military’s purpose is to defend the > dollar. That’s why not until recently they are on the border. And now, if > EVERYTHING is getting digitally tokenized how will property rights, > especially internationally get tracked and enforced. And with Palantir and > other tech companies controlling it, > I gave some advice to one of the paypal mafia back when he was a kid just getting started in SV, to pay attention to the systemic centralization of wealth resulting from taxing economic activity to pay for the protection of property rights, rather than taxing property rights themselves -- and that it would probably be a good career strategy to get into the business of protecting wealthy people as society collapsed under their parasitic weight. Of course, this has the obvious consequence that at some point the parasites will try to totally automate the protection of their ill-gotten property rights. The surveillance state is the most obvious first step. The next step is drone factories protected by drones. The next step is to lock down the entire supply chain for drones aka The Global Economy aka The Unfriendly AGI that's turning into a GPU maximizer. We probably have a little time left to take out the oil refineries with drones as is being done to Russia, ironically, by the very RussiaRussiaRussia Surveillance State crazies that are increasingly reliant on their own oil refineries not being taken out. Meanwhile, Elon "World's Richest Man" Musk still can't get it through his head that replacing the 16th Amendment with a single tax on the liquidation value of net assets at the 30 year treasury rate <https://docs.google.com/spreadsheets/d/1BIyFjk0-YXG37dc1oKFmRXlHyTEUUN0Q38f1QIBQpiE/edit?gid=113032964#gid=113032964> (as I was promoting in the early 90s after the Launch Services Purchase Act of 1990 made clear to me the flaw in capitalism relying on taxing activity to protect property rights) would not only have made him 4 times wealthier, but would likely stabilize civil society and solve the TFR problem. As for Elizabeth Warren not getting this, well, that poor woman's seduction into politics to short circuit her work that was taking her in that direction, can be chalked up to the That Unspeakable Thing In DC's Reality Distortion Field that caused Brookings's chief economist to say the proposal was important but that they couldn't study it there. ------------------------------------------ Artificial General Intelligence List: AGI Permalink: https://agi.topicbox.com/groups/agi/Te0af3a0c35a03987-M222a294dbea5436af74fffd9 Delivery options: https://agi.topicbox.com/groups/agi/subscription
