Re:Lifetime Earnings in the United States over Six Decades
by bhupy on Friday May 28, 2021 @11:45AM
(#27316809)
Totally agree that the devil is in the implementation details which can make or break the idea as a whole.
One potential way to mitigate these risks is to have the fund be set up with a strict breakdown, say, 20% of the dividends can go into a pot that the government can use for discretionary spending, and 80% goes to the people equally divided as a dividend, and the only way to change this percentage is with a 2/3s majority. The percentage split and the consensus threshold are certainly debatable.
One potential way to mitigate these risks is to have the fund be set up with a strict breakdown, say, 20% of the dividends can go into a pot that the government can use for discretionary spending, and 80% goes to the people equally divided as a dividend, and the only way to change this percentage is with a 2/3s majority. The percentage split and the consensus threshold are certainly debatable.