Max:
The wealth tax is a real difference. Enacting the Ackerman/Alstott
scheme might better than anything else now on the horizon. But stake or
no stake, I am still wary of the notion of each individual poor person
as atomized consumer/investor. It may be an accurate reflection of our
social
I agree that's well taken. But insofar as a great part
of our consumption is individually financed, and ever
more will be so, redistributing wealth in the form of cash
will be an enduring and compelling option in the pursuit
of equality.
mbs
The wealth tax is a real difference. Enacting the
response to Joel B:
The Ackerman/Alstott scheme is different from IDA's in some
key respects. Typically with IDA's the account holder
contributes in some measure, so it would be hard to have
an IDA at age 21 based on contributions from earnings
prior to that age. Ackerman/Alstott propose a
