Ald. Ameya Pawar (47th) on Friday floated a plan to “public-tize” Chicago’s water system by selling or giving away shares to city residents and paying them dividends that would amount to universal basic income.
One of four candidates for city treasurer, Pawar likened the idea to the annual dividend that Alaska residents receive from the state’s embarrassment of oil riches.
“They have oil. We have 21 percent of the world’s fresh water . . . Rather than oil in Alaska being the driver for creating wealth, imagine if we . . . turned our water system into a truly public asset […]
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