Paying for UBI should not come from taxation. If capital is socially produced why are the returns to capital privatized? My proposal is what we call a universal basic dividend. A percentage of all shares should go into a public equity trust like a wealth fund for society. - Yanis Varoufakis
5 comments:
Is this what Andrew has been saying?
How do people fall for this? How are you going to fund the real transfer? By magic?
We have a magic money tree, not a magic porridge pot
Wishing DiEM25 the best of luck.
It does not attack the inflation, poverty or unemployment problems, but it does help in reducing wealth inequality, and can complement direct provision of employment. So a useful little proposal, but not game changing.
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