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Item Details
Title: REDESIGNING DISTRIBUTION
BASIC INCOME AND STAKEHOLDER GRANTS AS CORNERSTONES FOR AN EGALITARIAN CAPITALISM
By: Bruce A. Ackerman, Erik Olin Wright (Editor)
Format: Hardback

List price: £45.00


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ISBN 10: 1844670147
ISBN 13: 9781844670147
Publisher: VERSO BOOKS
Pub. date: 1 May, 2005
Series: Real Utopias Project v. 5
Pages: 320
Description: This book explores two proposals that render contemporary capitalism dramatically more egalitarian.
Synopsis: In a system of basic income, as elaborated by Philippe van Paijs, all citizens are given a monthly stipend sufficiently high to provide them with a no-frills, but adequate standard of living. This monthly income is universal rather than meanstested, and it is unconditional - receiving the basic income does not depend upon performing any labour 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 would be financed by an annual wealth tax of roughly 2%. A system of stakeholder grants, they argue expresses a fundamental responsibility: everyone has an obligation to contribute to a fair starting point for all.
Illustrations: Illustrations
Publication: UK
Imprint: Verso Books
Returns: Non-returnable
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