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A comment on A world without retirement?. Parent comment

Re:A world without retirement? by TillE on Sunday April 02, 2017 @01:58PM (#14018175)
UBI is very simple if you allow the state to acquire capital and cultivate it in a sovereign wealth fund. Imagine, for example, public ownership of 50% of the most valuable real estate in the country, which is then rented as usual.

You don't need sky-high taxes when there's income from capital to distribute.

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Re:A world without retirement? by paulddraper on Sunday April 02, 2017 @03:33PM (#14018586)
Using taxes to crowd out investment markets...can't go wrong there.
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Re:A world without retirement? by vidarh on Sunday April 02, 2017 @03:51PM (#14018694)
In Norway, apart from the well known sovereign investment fund investing abroad, the state also owns shares equivalent to about 1/3 of the total value of all companies listed on the Oslo Stock Exchange. I'm sure you can go wrong there, but it clearly is also possible not to, as this model has worked quite well so far.
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Re:A world without retirement? by mschuster91 on Sunday April 02, 2017 @05:37PM (#14019169)
At least a state investment fund is in for the long term. This is better for the company than a bunch of short-term hedge funds which only seek to bleed the company dry.
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