First LessWrong comment, but your fantastic post has had me thinking about mechanisms for a while!
Yesterday I saw a Super Bowl ad for Trump Accounts which are essentially a sovereign wealth fund-lite that gives newborns $1,000 in investment exposure. It's treasury bonds, not yet tied to the S&P 500 (which is where I believe the winds are blowing), and the amount is trivial. But directionally it's a surprisingly insightful step and what may be the first political experiment that reflects an acknowledgment of the depreciating value of labor relative to capital.
This also seems more likely to succeed than wealth taxes (which need a rebrand of sorts) or even UBI, at least partially... (read more)
First LessWrong comment, but your fantastic post has had me thinking about mechanisms for a while!
Yesterday I saw a Super Bowl ad for Trump Accounts which are essentially a sovereign wealth fund-lite that gives newborns $1,000 in investment exposure. It's treasury bonds, not yet tied to the S&P 500 (which is where I believe the winds are blowing), and the amount is trivial. But directionally it's a surprisingly insightful step and what may be the first political experiment that reflects an acknowledgment of the depreciating value of labor relative to capital.
This also seems more likely to succeed than wealth taxes (which need a rebrand of sorts) or even UBI, at least partially... (read more)