A human hand and a robot hand both hold a model globe. A social wealth fund could combat inequality and provide macroeconomic stability. It’s also a way to insure the American middle and working classes against the upheaval of technological change.
Matt Bruenig of the People’s Policy Project recently wrote an article in The New York Times suggesting a policy idea that seems extremely promising and woefully overlooked. That idea is what Bruenig calls a social wealth fund — a government-owned portfolio of stocks, bonds and real estate whose dividends would be paid out directly to the citizenry.
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