What Is the Point of Universal Basic Income?

Re:What Is the Point of Universal Basic Income? by nightski on Sunday February 02, 2020 @12:31PM (#22218064)

My proposal would simply be to make it a legal obligation for all companies to provide ownership in the company proportional to salary each year they are employed. Not only that, it's a special type of stock which is paid dividends on profits before external shareholders. This stock should have exclusive premium benefits over any other stock. A lot of thought would need to be put into how to structure this so it could not be gamed.

External shareholders could still see a return. But I think the days of seeing massive returns on capital need to be over. It should be a fight just to beat inflation imho.

To be honest though I'm still thinking about this a lot and don't have an exact answer. So this idea is in flux. That doesn't mean it's not a problem though.

[ Parent | on HN ]

Re:What Is the Point of Universal Basic Income? by ac29 on Sunday February 02, 2020 @01:34PM (#22218475)

Employees are welcome to use a portion of their salary to purchase a stake in the companies they work for already. Mandating that their employer do that on their behalf (thus decreasing their cash salaries) probably wouldn't go over too well.

If fact, its generally considered a poor idea to own shares in the company you work for - if the company takes a downturn, not only do your shares lose value, you're probably also out of a job.

[ Parent | on HN ]