Publicly financed elections.

[Fidel_Castronaut]

I'm unsure of the soundness of such a revision. Any system can be gamed. The point about transparency is pretty strong, though.


The last thirty years have seen inequitable rises; while the pie is growing, some shares are growing faster than others, as well.

While their slice might be proportionally smaller today than it was 30 years ago(in terms on income which is not a good measure) it is still a larger slice than it was 30 years ago. What would the poor rather have? Half a 6 inch pizza or one quarter a 24 inch pizza?

If you looked at the consumption pie instead of the income pie, I imagine the the poor's slice is growing proportionally faster than the rich's. I'm not sure how you would go about measuring this. Perhaps go and measure the amount that rich people throw away versus the amount that poor people throw away. The rich probably still throw more stuff away but the amount that poor people throw away is likely catching up.

MPC for poorer people is always higher than MPC for richer people. Measuring wealth in terms of MPC makes no sense in this instance because the poor will always have an MPC > MPW until their income (specifically income vis direct costs) rises to a bracket where they reach equilibrium or indeed the opposite is true (as it is for the comparatively rich).

It's in measuring a rate of increased MPW relative to MPC across income brackets that you determine wealth in this model, btw, however those income brackets are determined (indeed this is the key element and also the most subjective one). I would theorise, based on a context here in the UK where despite large levels of economic growth there has been little increase in social mobility and in fact a backwards trend in earnings, that the MPC for the poor has stayed more or less exactly the same but their ability to save [invest] (MPW) has dropped dramatically (low interest coupled with low credit creation and higher MPW in richer brackets).