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?
