Equity Fund

Equity funds could distribute wealth more effectively by taxing assets creating capital wealth (land, companies) instead of taxing income. This can be coupled with an introduction of Universal Basic Income which would be financeable through “Moore’s law for everything” (significantly reducing the price for assets) created through the growing impact of AI.

Proponents: Sam Altman

For further interest on this topic:

https://blog.samaltman.com/american-equity

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Reason for intervention

Institutional impact

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Legitimacy decision

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