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by Gud 254 days ago
You are making your argument based solely on what will or will not work in the USA.

- I am not American; I’m from Sweden but live in Switzerland. Generally people are healthy in both countries and have a social democratic slant; Sweden more so than Switzerland. But the Swiss has a better understanding of personal responsibility and wealth management, to some degree.

- I am not opposed to the general idea of an UBI. The main problem I see it will concentrate even more power to the people in charge of government, while my proposal gives the individual agency to pursue their dreams. Ideally both would be implemented together.

- you have not yet provided an argument why my pet social reform would be detrimental to society, it appears your argument is that most poor people would spend their small wealth on basic necessities. I believe that may very well be the case. But I also believe that a large minority would be lifted from strictly selling their labour and be given a chance to fund their own enterprise.

Long term, I still believe this is the best way to disrupt the constant concentration of wealth, together with an UBI.

1 comments

Forgive me for assuming you were American. That was my bad.

My argument was indeed around the late-capitialistic environment of the US. Talk of cultural barriers to your approach are in that context. (And i believe are valid.)

The European context is different. Socialism is better understood there, and indeed far more accepted in things like universal health care, unemployment support and so on.

And while wealth inequality exists in Europe (they basically invented aristocracy) there's a difference in flavor there compared to the US.

The release of capital to allow those without it to start a new business would be enormously valuable. I've worked with impoverished entrepreneurs and it often takes very little capital to bump them up a significant level.

I'm not convinced that simply allocating capital to people at birth, long before they need it to accomplish something, would be efficient. Perhaps making capital more accessible in later life would be more effective?

The need for dividends as income along the way is reduced somewhat as in a European context there are already social income streams in place (obvious locations vary and ymmv.)

Yes, the control of the capital would be progressively handed over between age 18-30. Perhaps a small stake(5-10%) could be allocated by the individual earlier, but not withdrawn.

I do believe this plus an UBI should be the way forward for humanity. But it seems the way we are heading is back to feudalism.