Sovereign Wealth Fund
SEE ALSO: Universal Basic Income (UBI)
There are numerous resources that communities hold "in common". The air we breathe (and the electromagnetic waves that pass through it), the water we drink, the chemical and mineral resources in the ground beneath us and the property owned by "the government" are all owned equally by all of us. Whenever the resources that are owned by everyone generate profits, those profits should be shared by everyone.
In addition, when actions are taken by individuals and companies that damage "the commons", it is appropriate to tax those activities and distribute the funds to everyone equally.
We recommend that all states, counties and municipalities create "social wealth funds" to financially support their people by sharing the dividends from these funds in the form of a Universal Basic Income.
This has successfully been implemented in Alaska, Norway and in many other countries around the world.
As a start, we recommend that the following taxes be instituted and that the proceeds from the taxes collected be used to fund a small Universal Basic Income:
- A "Poison" tax on pesticides, herbicides, insecticides and other chemical poisons.
- "Income" tax on robotic "workers" that have replaced human employees
- A tax on fuel that is obtained by "fracking"