Gar Alperowitz has an interesting op-ed in the NYT today.
I have long wondered why there couldn't be public legacy of wealth. The Alaska Permanent Fund is indeed a classic example. Imagine if in 1775 someone had the foresight to set up a public trust to own and lease land, rather than just allowing it to be taken. We could have a public enterprise today that made taxes unnecessary and provided a basic living income... a floor... to every citizen.
Something like this may be the basis for the future "economy of abundance" that I'm always touting.
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