If the goal is economic security for everyone, a solution to income disparity, elimination of poverty and homelessness, and at the same time eliminate the social safety net or dependence on government as conservatives say, a guaranteed income is the solution: National Mutual Fund The idea of a national mutual fund owned by all of the citizens of the United States has been proposed by a number of different people. Such a mutual fund would own shares of stock in every corporation in the United States and give every citizen of the United States equal ownership in the mutual fund. The shares for this national mutual fund could come from a variety of sources. Two possibilities include: Whenever any corporation is formed, some percentage of the corporations shares (e.g. 20%) would automatically become the property of the national mutual fund. Existsing corporations would contribute the same percentage of their shares as well. Whenever a corporation declares retained earnings, the percentage of shares represented by those retained earnings would become the property of the national mutual fund. The logic: For the corporation to have retained earnings, it had to overcharge consumers. Since the money came from consumers, it is given back to consumers in the form of shares. -theatlantic
Posted on: Sat, 01 Nov 2014 23:02:13 +0000
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