A
Universal Basic Income would make everyone an owner in society. One way to fund
a UBI is through pure play redistribution. Everyone gets it, and then you claim
back from the ones who didn’t need it. Another way is through Capital. That
needs to be built over time. Like a Sovereign Wealth Fund. Norway’s Fund gradually
converted Oil into other investments through reinvestment. Sovereign and
Community Wealth Funds can do the same with whatever resources they have. Over
time, it is possible to create a fund with a dividend that is the UBI. This is where
the term “Freedom Dividend” comes from. As wealth is built, the UBI becomes the
dividend on common inheritance. If you have ever witnessed the instant change
in attitude when an employee is given significant shares in the company they
work for, you will know what this does to people’s mindset. You can’t “think
like an Owner”. Either you are an Owner or it is completely rational to try
maximise what you get.
You can change the cards you are dealt
No comments:
Post a Comment