Taxing Rent Under Technofeudalism

Philosophics — Philosophical and Political Ramblings · Apr 12, 2025 · 20m

Bry presents a reader's reflections on Yanis Varoufakis's Technofeudalism, noting its argument that modern economies have shifted from capitalism's profit-driven model to one dominated by platform-based rents, which exert significant power. This observation leads into a second source proposing a radical overhaul of taxation by differentiating between profit, earned through productive activities, and rent, considered unearned income derived from controlling scarce assets like land, data, and intellectual property. The author argues that this distinction is crucial under "technofeudalism,"…