Yes, definitely. Although, I had wanted to avoid talking about taxes since it implies a notion of ownership/property rights, which is what I was trying to arrive at through non-normative reasoning. As a convergent strategy for anyone trying to make an economy more productive, rather than following from an ideology.
The ideological tint is not particularly predictive, since you could imagine living in a western democracy that talks a lot about classical liberalism and property rights, but actually takes more of a citizens yield (higher tax rate) than a developing country where the government reserves the right to take whatever they want, but in practice citizens keep more of their own yield.
It’s interesting that in this setup, tax rates are just a way to adjust the explore/exploit tradeoff.
Yes, definitely. Although, I had wanted to avoid talking about taxes since it implies a notion of ownership/property rights, which is what I was trying to arrive at through non-normative reasoning. As a convergent strategy for anyone trying to make an economy more productive, rather than following from an ideology.
The ideological tint is not particularly predictive, since you could imagine living in a western democracy that talks a lot about classical liberalism and property rights, but actually takes more of a citizens yield (higher tax rate) than a developing country where the government reserves the right to take whatever they want, but in practice citizens keep more of their own yield.