I agree with the concept that any body or any thing that was necessary for you to succeed should be rewarded a portion of the profits.
We should reward those that are right and those that are necessary. So this means any worker that contributes to you or any service or product on the way that enhanced your output.
I called this idea chain of necessity - that taxi driver that takes you to a job interview or to a business meeting is someone who chose you over someone else. He deserves something extra for his work and contributing toward your success.
Every worker in getting your product or service out the door should agree with his cut of the profits.
One idea I had that we should invest in the success ingredients of individuals and share their outputs. I call this baby citizen investment.
I think the finance industry is corrupt, bloated and not very innovative. It's very self serving and provides very little toward society. The stock market does not reflect on the health of the economy.
However index funds reveal a very important and useful idea of distributing your bets across everybody for success. We should do that with people and projects. Government and other people have a stake in your success and they also contribute to your success. Taxation can be just another chain or necessity or claim on your success.
If it weren't for your government funded education, you probably wouldn't have been able to read and write unless your parents taught you. So you owe the government something for the money the government spent on you.
Government spending should be a bit like index fund investment. Invest in lots of people and things and hope that some items grow more than others. Government should invest more in successful students at school. Doing well should unlock more investment in you because you're a winner.
I received a scholarship, bursary and grant when I applied for university because of my grades and writing quality when I applied to my department.
If I give someone and idea they wouldn't have originally had then I deserve some profit from the ultimate result.
The same way that Jeff Bezos parents are probably the true cause of Amazon's success because they gave him $245,000 to start up.
The VC model in society is truly messed up. The relationship between a investor and founder is adverserial and the investors try to remove the founder ASAP by diluting the shares and equity of the founder. They try get as much equity as possible for the least investment. They're greedy and over state their importance in what makes a successful company.
This post covers how bad it can be