Re:A Simple Fix for Our Massive Inequality Problem
by danans on Thursday November 30, 2017 @01:05PM
(#15817926)
The end result is a basic income, but this is more about how that would be accomplished, and it ties the income to the wealth if the country.
The income is drawn from a dividend on a kind of sovereign wealth fund which would be gradually capitalized with government assets, increased wealth and capital gains taxes, and possibly directly via the Fed (rather than the Fed capitalizing private banks).
This is in contrast to other schemes that directly pay the UBI based on more progressive taxation.
In the end it is still redistributive, but it redistributes capital downwards and not just income.
The income is drawn from a dividend on a kind of sovereign wealth fund which would be gradually capitalized with government assets, increased wealth and capital gains taxes, and possibly directly via the Fed (rather than the Fed capitalizing private banks).
This is in contrast to other schemes that directly pay the UBI based on more progressive taxation.
In the end it is still redistributive, but it redistributes capital downwards and not just income.