
A People's Endowment, Karl Widerquist. Recently I have posted several items on the idea of a universal basic income (See here and here). These posts have included suggestions as to how a UBI could be financed by replacing or cutting back on existing welfare programs, middle-class tax expenditures, and other budget outlays. Karl Widequist, another supporter of a basic income, is currently writing a book that is scheduled to come out next year. He has recently posted a draft chapter setting out his own views of how a basic income could be financed by setting up a people's endowment, similar to the Alaska Permanent Fund or Norway's Sovereign Wealth Fund. It makes good reading as it is, and the author would welcome comments as he works on a final version.
Thank you, Ed.
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