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Totally agree that the devil is in the implementation details which can make or break the idea as a whole. One potential way to mitigate these risks is to have
by bhupy 5y ago
Totally agree that the devil is in the implementation details which can make or break the idea as a whole.
One potential way to mitigate these risks is to have the fund be set up with a strict breakdown, say, 20% of the dividends can go into a pot that the government can use for discretionary spending, and 80% goes to the people equally divided as a dividend, and the only way to change this percentage is with a 2/3s majority. The percentage split and the consensus threshold are certainly debatable.