Basic Income and Stakeholder Grants as Cornerstones for an Egalitarian Capitalism
With contributions from Barbara Bergmann, With contributions from Irwin Garfinkel, With contributions from Chien-Chung Huang, With contributions from Julian Le Grand, With contributions from Wendy Naidich, With contributions from Carole Pateman, With contributions from Guy Standing, With contributions from Stuart White, Series edited by Erik Olin Wright
A Verso book
This book explores two proposals that render contemporary capitalism
dramatically more egalitarian.
Volume V in the acclaimed Real Utopias Project series, edited by Erik Olin
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."
- February 2006
- 6.2 × 9.2 in
/ 228 pages
- Territory Rights: USA and Dependencies and the Philippines.
Also by Bruce Ackerman
Also by Anne Alstott