Posted by on Aug 11, 2009 in Software | Comments Off

Interesting little blog post worth sharing on Self Enforcing protocols. The really interesting part is down where he talks about how to fairly value a house.

"Here’s a self-enforcing protocol for determining property tax: the homeowner decides the value of the property and calculates the resultant tax, and the government can either accept the tax or buy the home for that price. Sounds unrealistic, but the Greek government implemented exactly that system for the taxation of antiquities. It was the easiest way to motivate people to accurately report the value of antiquities."

What an interesting concept. I like it.