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Overcoming Bias Commenter's avatar

I just finished reading the first book "The Unincorporated Man". I understand the "catch" now. Having shares in oneself owned by others is not the same as taxation, because the "share holders" can mandate your career/job decisions. In other words, unless you have achieved "majority" (this is where you own roughly 60% or more of yourself) you cannot choose to become a starving artist or do the "lonely planet" thing of hanging out on the beaches of S.E. Asia. So, the system really is tantamount to slavery or, at least, indentured servitude.

There are other issues as well. In theory, this concept of personal incorporation should be beneficial to all parties because your "share holders" have a rational self-interest in helping you have the best and most lucrative career possible. In reality, investors do not always act in their rational self-interest. Also, speculators will manipulate the share prices of people either for short-term speculative gain or to prevent oneself from buying back their shares in order to keep them from reaching majority. These actions are analogous to those of Wall Street speculators, only that in the novel they have a direct limiting effect on your personal freedom.

A third problem that is not prominently featured in the novel is that people tend to engage in "bureaucratic" behaviors. That is, company managers like to build personal empires with lots of people underneath them simply because they like the feeling of being in charge of others, even if it does not represent optimal profitability. The system of personal incorporation described in the novel would be completely vulnerable to this kind of abuse.

It is entirely understandable why the "hero" of the novel wants to end this system, even though it has been clearly successful for a vast majority of people for nearly three centuries.

I have not read the second book and, therefor, cannot comment on it.

Overall, the book makes for good, entertaining SF.

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Overcoming Bias Commenter's avatar

I'll bite. I just ordered it from Amazon. I'm sure it will be an entertaining read.

Anyways, let me get this straight. Parents get 20% of their kids future income and the government a further 5%. That's like a 25% income tax rate. Education and other job enhancement stuff pushes this over 50%.

Maybe I'm not following this correctly (I'll find out when I read the novel), but this would be analogous to Western Europe which also have income tax rates greater than 50%. So, what's the difference here? Another issue is that the parents and educational institutions you attend would have a vested interest in ensuring that you have the best possible careers so as to maximize your earnings. I fail to see why this is a problem.

If there's a "catch", no one has mentioned it in this blog or the reviews on Amazon.

Perhaps the "shareholders" in you do not act in their rational self-interest and force you to do stupid things that sabotage your career and earning capability. This is certainly possible. However, I have not seen it mentioned in the reviews to the book.

Perhaps I should just read the book and comment on it when I am done.

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