Actually Alaska already has implemented this system (oil drilling rights and basic income for permanent residents). Land, natural resources, airwaves, mineral

Actually Alaska already has implemented this system (oil drilling rights and basic income for permanent residents). Land, natural resources, airwaves, mineral rights, drilling rights, etc are considered common property under the proposed system. People bid for rights to them. The proceeds are then used for basic income. There is no redistribution of wealth with what Paine is recommending. You keep 100% of the fruits of your labor.