June 30, 2017

WE ARE ALL THIRD WAY NOW:

Trump's Best Deal Ever: Privatize the Interstates (Vernon L. Smith, June 27, 2017, WSJ)

How could you use the money from highway and land sales to benefit all Americans--and improve your own popularity? By creating a new Permanent Citizens Fund, invested in stocks, bonds and real estate world-wide. Every citizen would hold an equal share, with annual dividends paid in cash.

Better highways, more land for productive development plus a permanent fund sending checks to every citizen. A guaranteed basic income financed from public assets waiting to be monetized and put to work. You might even get the progressives' vote. Have you ever made such a great deal?

If you think it's pie in the sky, ask an Alaskan. The Alaska Permanent Fund, initiated in 1976 to distribute oil revenue, has a market value I estimate at $72,000 for each Alaskan citizen. Annual dividends began in 1982, when the public corporation that administers the fund cut the first checks for $1,000. Little wonder that Alaska is second among all the states in income equality.

Posted by at June 30, 2017 5:27 PM

  

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