Harberger Tax Is a Hybrid Solution To Domain Names

[Internet.Domains]

Harberger Tax Is a Hybrid Solution To Domain Names: Says Ethereum co-founder Vitalik Buterin

A great debate erupted on Twitter that discussed and touched on domain names (both DNS and blockchain domains) and user handles. The exchange mentioned the much dreaded "squatter" word.

Should they be private property? Should they be taxed?

In the exchange, Vitalik Buterin stated:

"I recommend starting with a limited price-capped version: if you pay $250/year, no one can take the name away from you. The main goal would be to tax the squatter ecosystem and force it to serve the public good more."

What they didn't mention is that DNS domains have renewals that can be considered as a form of a Harberger tax. With domain renewals continually at risk of increasing, ICANN is allowing a form of Harberger tax to apply to DNS domain ownership.

As a counter reaction to renewals and taxation, in the blockchain name space, @Unstoppable Domains has recently introduced the first full custody names. Names are owned and controlled entirely by the private owner.

As a result, there are currently many options for one to choose when deciding on domains, from full custody blockchain domains to premium renewal NewGtld's. All come with pros and cons, but an open market allows for many different attributes when choosing domains. As consumers, it's good to see choices available.

You can read the great exchange here:

https://www.thecoinrepublic.com/har...solution-to-domain-names-ethereum-co-founder/


A harberger tax is, "an economic policy that aims to strike a balance between pure private ownership & total commons ownership in order to increase general welfare of society. It helps ensure that property is more productively utilised by the society, resulting in an increase of overall economic productivity and general welfare of society." - source
https://medium.com/@simondlr/what-is-harberger-tax-where-does-the-blockchain-fit-in-1329046922c6

 

[DanSanchez]

A bit contradictory in it's pursuit, an artificial cost that prevents others from creating an artificial cost. The only process that "helps ensure that property is more productively utilised by the society" is complete liberty from coercion.

Apparently the "tax" is self-assessed. I can almost guarantee nobody will surrender the accurate tax and will misrepresent the value of their assets.

The creator of this ideology worked at the World Bank and the Federal Reserve. The silly Keynesians are slowly invading the space.

 

[Internet.Domains]

Apparently the "tax" is self-assessed. I can almost guarantee nobody will surrender the accurate tax and will misrepresent the value of their assets.

To Vitalik it's more than a tax. The article says, "He further also spoke of Harberger Tax as partial ownership and explained his insights on how it can prevent a monopoly."

This would be beyond Keynesian economics. Without getting philosophical on economics.

 

[DanSanchez]

To Vitalik it's more than a tax. The article says, "He further also spoke of Harberger Tax as partial ownership and explained his insights on how it can prevent a monopoly."

This would be beyond Keynesian economics. Without getting philosophical on economics.

Sure is, I'm just saying the people who came up with this silliness are basing their ideologies on the same folks that came up with fractional-reserve banking and eternal quantitative-easing. They are blatantly ignorant to the fact that high-reg fee model is already in place at most alternative TLDs and it deters everyone from ever registering them. Mostly because the registries can simply charge that cost yearly, instead of a single-time cost with a premium .com - Ultimately these ideas are failed re-brandings of an old idea that encourages monopolies over property that could be freely exchanged and controlled by those who paid the price to control it.

Vitalik is literally the anti-crypto. At least he has consistency in his beliefs for central control of property.

 

[frank-germany]

lazy and dumb people
who lacked the insight to
understand the value of domains early

instead of registering .. mocking about it

have always been screaming
when they discover their stupidity

and next
searching for cure
abusing legal entities

 

[Internet.Domains]

lazy and dumb people
who lacked the insight to
understand the value of domains early

instead of registering .. mocking about it

have always been screaming
when they discover their stupidity

and next
searching for cure
abusing legal entities

Vitalik understands the value of domains. He just has a far off base understanding of the value pertaining to the right to private property.