#collective inheritance

[astranemus]

Although we all have a capacity for love, and a deep-down knowledge that a life without love is futile, we all have to work to find that love, and to create the context in which it can flourish. Likewise with oikophilia [love of home]. And this is where the political difficulties arise. ...oikophiles are in search of a home and it is to the beauty and heritage of this home that they devote their efforts of conservation. They are not globalists, happy to be anywhere on the planet, but localists, who look after the place that is theirs. It is this local focus that leads them to make the first and most necessary step towards sustainability, which is to make out a territory and an identity as theirs, to be protected from predation, and embellished and looked after for the benefit of their descendants.

Roger Scruton, Settling Down and Marking Time

[astranemus]

Fully tackling excessive inequality will require a mix of the above strategies. By combining all three methods together, redistribution via land-value taxes, better distribution via more bargaining power, and predistribution via the Alaska model, we arrive at the optimal solution to prevent inequality once and for all from its penchant for extremes. The answer is individual bargaining power through a fully universal and unconditional basic income that incorporates a tax on land value, and by design captures economic rent through the Alaska model of treating citizens like stockholders. Over time, this basic income would then grow with rising productivity and collective value generation to become something else beyond basic. It would be a prosperity dividend, a monthly inheritance for all, effectively provided by all preceding generations, to all present and future generations. It would be humankind finally investing in itself.

Scott Santens, Is the solution to extreme wealth inequality really - Alaska?