Redesigning Distribution: Basic Income and Stakeholder Grants as Cornerstones for an Egalitarian Capitalism (Real Utopias Project)
ISBN-13:
9781844670147
ISBN-10:
1844670147
Author:
Bruce Ackerman, Anne Alstott, Philippe Van Parijs
Publication date:
2006
Publisher:
Verso
Format:
Hardcover
228 pages
Category:
Economics
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Book details
ISBN-13:
9781844670147
ISBN-10:
1844670147
Author:
Bruce Ackerman, Anne Alstott, Philippe Van Parijs
Publication date:
2006
Publisher:
Verso
Format:
Hardcover
228 pages
Category:
Economics
Summary
Redesigning Distribution: Basic Income and Stakeholder Grants as Cornerstones for an Egalitarian Capitalism (Real Utopias Project) (ISBN-13: 9781844670147 and ISBN-10: 1844670147), written by authors
Bruce Ackerman, Anne Alstott, Philippe Van Parijs, was published by Verso in 2006.
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Description
Volume V in the acclaimed Real Utopias Project series, edited by Erik Olin Wright.Are there ways that contemporary capitalism can be rendered a dramatically more egalitarian economic system without destroying its productivity and capacity for growth?This book explores two proposals, unconditional basic income and stakeholder grants, that attempt just that. In a system of basic income, as elaborated by Philippe van Parijs, all citizens are given a monthly stipend sufficient to provide them with a no-frills but adequate standard of living. This monthly income is universal rather than means-tested, and it is unconditional — receiving the basic income does not depend upon performing any labor services or satisfying other conditions. It affirms the idea that as a matter of basic rights, no one should live in poverty in an affluent society. In a system of stakeholder grants, as discussed by Bruce Ackerman and Anne Alstott, all citizens upon reaching the age of early adulthood receive a substantial one-time lump-sum grant sufficiently large so that all young adults would be significant wealth holders. Ackerman and Alstott propose that this grant be in the vicinity of $80,000 and be financed by an annual wealth tax of roughly 2 percent. A system of stakeholder grants, they argue, “expresses a fundamental responsibility: every American has an obligation to contribute to a fair starting point for all.”
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