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I love your idea. It's like a perpetual motion machine of money.

• samstave 11y ago
  Haha - sure, if you get the Evil Bank (TM) interest rate only and the money is sitting there stagnant... Its kinda funny how people who have money live by the mantra "It takes money to make money, but once you have money, money makes itself" Yet any time you talk about investing on the behalf of others/society -- everyone laughs it off as impossible.
  • Zikes 11y ago
    I think the idea has merit, but any good idea also has to stand up to criticism. Your 401k comment gave me an idea for one potential tweak that would make a big difference. If there were a plan to collect a small yet reasonable tax over the course of, say, 10 years or so, to build up an initial pool to draw from, then it might be able to generate enough interest to sustain a continuous payout. Once payouts have started the initial tax might be relaxed or eliminated, though it would depend largely on population growth and how quickly the pool compounds.