Social Wealth Fund for America

Peoples Policy Project has the article Social Wealth Fund for America.

In this paper, I propose that the US government tackle the problem of wealth inequality by creating a social wealth fund (swf) and issuing one share of ownership in the fund to every American. After the fund is created, the government will gradually accumulate assets for the fund to manage, such as stocks, bonds, and real estate. As the assets under management increase, the value of the shares held by the citizen-owners will increase, causing wealth inequality to fall. Although the citizen-owners will not be permitted to sell their shares, they will be paid a universal basic dividend (ubd) each year from the investment income earned by the fund.

This sounds a lot like a recent Sanders proposal as explained in VOX Bernie Sanders’s most socialist idea yet, explained

Bernie Sanders wants to help workers own a portion of the companies at which they are employed.

Per a report from the Washington Post’s Jeff Stein, Sanders is preparing a plan that would mandate corporations “regularly contribute a portion of their stocks to a fund controlled by employees, which would pay out a regular dividend to the workers.”

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