Dias comments on Human Capital Contracts - Less Wrong
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Comments (21)
I think this is an interesting idea and I am intrigued by most of the applications.
The parenting one, though, seems kind of insane unless you terminate it at age 18, but most people just don't earn much before 18 so it wouldn't have very much effect. If you don't terminate it at age 18, you've effectively extended the age of legal childhood up through the point at which it does terminate; parents will continue to have cause to nag and berate their children long into adulthood, and they will. Even if you give them no legal right to control their children, you will have given them -- in both their children's eyes and their own -- a moral right to do so.
The relationship between a parent and a child has a MASSIVE power imbalance. You suggest that you might prohibit the situation where someone's output is part-owned by their employer -- presumably for that reason -- and you similarly should not let it be owned by their parent.
Yeah, that section is called speculative for a reason!
I guess the attractiveness of this option partly rests on whether you think parents generally have too much or too little influence/incentive/involvement in their children or not.
As a minor: considering that I:
I am kind of slanted towards the view that parents have too much influence over minors. I would, however, gladly give up some of my earnings to be able to own property and have the right to privacy.
Yes, I meant over adult children. I don't think this has much impact on minors.