Redesigning Distribution

Redesigning Distribution
Author :
Publisher : Verso Books
Total Pages : 200
Release :
ISBN-10 : 9781789602050
ISBN-13 : 178960205X
Rating : 4/5 (05X Downloads)

Book Synopsis Redesigning Distribution by : Anne Alstott

Download or read book Redesigning Distribution written by Anne Alstott and published by Verso Books. This book was released on 2020-05-05 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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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