Source: Neatorama
A new voting method was proposed in Colorado: quadratic voting. This was the result of some concept work by Microsoft Research economist Glen Weyl. The rules are simple. The number of votes is multiplied by itself. Think of it as X squared.
1 vote? $1.00.
2 votes? $4.00
5 votes? $25.
00.From Wired:
“Fundamentally, quadratic voting addresses the problem of the tyranny of the majority, a standard criticism of democracy,” Weyl says. “Standard rules are based on the notion that everybody is exactly the same and cares the same amount. If you doubt that’s a problem, think about the plight of African Americans in the United States, or the drug war, which dramatically affects certain groups of people.” But with quadratic voting, you can vote harder on what’s closer to home. And when the vote is over, all the money in…
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