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UBI is very simple if you allow the state to acquire capital and cultivate it in a sovereign wealth fund. Imagine, for example, public ownership of 50% of the m
by TillE 10y ago
UBI is very simple if you allow the state to acquire capital and cultivate it in a sovereign wealth fund. Imagine, for example, public ownership of 50% of the most valuable real estate in the country, which is then rented as usual.
You don't need sky-high taxes when there's income from capital to distribute.
- paulddraper 10y agoUsing taxes to crowd out investment markets...can't go wrong there.
- vidarh 10y agoIn Norway, apart from the well known sovereign investment fund investing abroad, the state also owns shares equivalent to about 1/3 of the total value of all companies listed on the Oslo Stock Exchange. I'm sure you can go wrong there, but it clearly is also possible not to, as this model has worked quite well so far.
- mschuster91 10y agoAt least a state investment fund is in for the long term. This is better for the company than a bunch of short-term hedge funds which only seek to bleed the company dry.