I think this whole thing could be simultaneously more palatable, more progressive and actually more effective if it was coupled with a commitment to actually me

I think this whole thing could be simultaneously more palatable, more progressive and actually more effective if it was coupled with a commitment to actually meaningfully redistribute the proceeds, rather than just treat them like any other part of the general fund. The UK has discussed the idea of a "Universal Inheritance", provided to young adults, from a dedicated sovereign wealth fund. Their proposal was that the whole thing should be funded by inheritance taxes, but I don't see why a wealth tax wouldn't be just as appropriate. California already has CalPERS and CalSTRS. https://www.independent.co.uk/voices/universal-minimum-inheritance-citizens-wealth-fund-norway-oil-revenue-inequality-a8284691.html https://www.independent.co.uk/voices/universal-minimum-inher... If the motivation of a wealth tax is to decrease actual inequality, that goal might be more tangible putting cash into the hands of a 20 year old kid than being poured into some mismanaged capital project.