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What government model would be used in a post-scarcity society?

Economics Dec 12, 2020

What government model would be used in a post-scarcity society?

Expert Solution

A post-scarcity society is a type of society in which consumers will acquire what they want for free. The productive resources in a post-scarcity society will be unlimited and therefore the needs of consumers will be easily met. In fact, the supply of goods and services will exceed their demand. A post-scarcity society cannot be easily achieved in real life, it is just an imagination of science.

The government model that will be used in a post scarcity society is the geoism model. Geoism model of government advocates for single tax on the natural resources. Land is the major resource here. In a post-scarcity society, titles of land will be leased at market value, taxes concerning production are abolished and revenue collected from land rent are used to fund the services of public because the expenditures by the government will not matter in this case. This is because poverty, debt and corruption will not exist and therefore government intervention in eliminating them will not be necessary.

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