Interesting, but if I interpret your assumption correctly it would remove the incentive for people to accumulate more wealth (if everything costs me a % of my net worth, why bother to own more than $1?). Continue the thought experiment and I suspect you'd arrive at some form of Socialism - a topic with a lot of academic material (as you inquired).
Neither does it take into account the ease at which one person can replenish their wealth compared to others (e.g. if rapid enough I can spend 100% of my wealth on every purchase).
But I get where you're coming from in terms of the entrenched economics being imperfect. I thought the end of the article offered some interesting ideas (even if they don't solve your problem), like:
A simple example would be a system where quadratic funding is done retrospectively, so people vote on which public goods were valuable some time ago (eg. even 2 years), and projects are funded up-front by selling shares of the results of these deferred votes; by buying shares people would be both funding the projects and betting on which project would be viewed as successful in 2 years' time.
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Interesting, but if I interpret your assumption correctly it would remove the incentive for people to accumulate more wealth (if everything costs me a % of my net worth, why bother to own more than $1?). Continue the thought experiment and I suspect you'd arrive at some form of Socialism - a topic with a lot of academic material (as you inquired).
Neither does it take into account the ease at which one person can replenish their wealth compared to others (e.g. if rapid enough I can spend 100% of my wealth on every purchase).
But I get where you're coming from in terms of the entrenched economics being imperfect. I thought the end of the article offered some interesting ideas (even if they don't solve your problem), like:
A simple example would be a system where quadratic funding is done retrospectively, so people vote on which public goods were valuable some time ago (eg. even 2 years), and projects are funded up-front by selling shares of the results of these deferred votes; by buying shares people would be both funding the projects and betting on which project would be viewed as successful in 2 years' time.