Concept: The Coinstitution

In addition to the features outlined for Concept: Maximum Basic Goodness 2:

  • A hierarchy of jurisdictions to which humans can subscribe or belong. For example: United States -> Washington -> King County -> Seattle -> District 6

  • Taxation: jurisdictions declare tax policy which is implemented by the system. For example: on a monthly basis, all human accounts are taxed .1% on amounts over $20000. All other accounts are taxed .1% on all amounts. All tax revenues accrue instantly to the jurisdiction’s treasury.

  • Privacy policy: for example, for all account pairs for which net daily transfers exceed some threshold, all transactions pertaining to the pair will be public; all other transactions will remain private.

  • Campaign finance: with jurisdictions, elections occur according to a schedule. For each election, there is a registration period for campaigns to declare themselves. After the campaign season commences, donations to campaigns are accepted from human accounts only. Donations above a certain limit are ignored. Donations above a certain limit are made public.

  • Wealth distribution: make explicit policies for wealth redistribution instead of implying it through various programs.

  • Maximum code size: prohibit “law” above a certain complexity. (But how do you set the limit appropriately?)

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