<div dir="ltr"><div class="gmail-UFIRow gmail-UFIComment gmail-_4oep" style="background-color:rgb(246,247,249);margin:0px 12px;padding:4px 0px;word-wrap:break-word"><div class="gmail-_3b-9"><div class="gmail-clearfix" style="zoom:1"><div class="gmail-"><div class="gmail-UFIImageBlockContent gmail-_42ef gmail-clearfix" style="zoom:1;overflow:hidden;margin:0px;padding-left:8px"><div class="gmail-"><div class="gmail-UFICommentContentBlock" style="padding-right:12px"><div class="gmail-UFICommentContent" style="color:rgb(29,33,41);font-family:helvetica,arial,sans-serif;font-size:12px"><span><br></span></div><div class="gmail-UFICommentContent" style="color:rgb(29,33,41);font-family:helvetica,arial,sans-serif;font-size:12px"><span><br></span></div><div class="gmail-UFICommentContent" style="color:rgb(29,33,41);font-family:helvetica,arial,sans-serif;font-size:12px"><span><br></span></div><div class="gmail-UFICommentContent"><font color="#1d2129" face="helvetica, arial, sans-serif"><span style="font-size:12px"><a href="https://www.project-syndicate.org/commentary/basic-income-funded-by-capital-income-by-yanis-varoufakis-2016-10">https://www.project-syndicate.org/commentary/basic-income-funded-by-capital-income-by-yanis-varoufakis-2016-10</a></span></font></div><div class="gmail-UFICommentContent"><span style="color:rgb(29,33,41);font-family:helvetica,arial,sans-serif;font-size:12px"><br></span></div><div class="gmail-UFICommentContent"><font color="#1d2129" face="helvetica, arial, sans-serif"><span style="font-size:12px"></span></font><span style="color:rgb(29,33,41);font-family:helvetica,arial,sans-serif;font-size:12px">A common myth, promoted by the rich, is that wealth is produced individually before it is collectivized by the state, through taxation. In fact, wealth was always produced collectively and privatized by those with the power to do it: the propertied class. Farmland and seeds, pre-modern forms of capital, were collectively developed through generations of peasant endeavor that landlords appropriated by stealth.'</span></div><div class="gmail-fsm gmail-fwn gmail-fcg gmail-UFICommentActions" style="color:rgb(144,148,156);font-family:helvetica,arial,sans-serif;font-size:12px;clear:both;padding-top:2px"><a class="gmail-UFILikeLink" href="https://www.facebook.com/sharon.ede/posts/10154071239912828?comment_id=10154071246867828&ref=notif¬if_t=comment_mention¬if_id=1478268535346722#" title="Unlike this comment" style="color:rgb(54,88,153);text-decoration:none">Unlike</a><span> · </span><a class="gmail-UFIReplyLink" href="https://www.facebook.com/sharon.ede/posts/10154071239912828?comment_id=10154071246867828&ref=notif¬if_t=comment_mention¬if_id=1478268535346722#" style="color:rgb(54,88,153);text-decoration:none">Reply</a><span> · </span><a class="gmail-UFICommentLikeButton gmail-UFICommentLikedButton" href="https://www.facebook.com/browse/likes?id=10154071243612828" rel="dialog" id="gmail-js_l" style="color:rgb(54,88,153);text-decoration:none;padding:2px 5px 4px;white-space:nowrap"><span class="gmail-UFICommentReactionIconContainer" style="padding-right:3px"><i class="gmail-_3j7l gmail-_2p78 gmail-_9-y" style="display:inline-block;height:13px;width:13px;background-image:url("/rsrc.php/v3/yB/r/So9uNGNGmHz.png");background-repeat:no-repeat;background-size:170px 126px;background-position:-144px -80px"></i></span>1</a><span> · </span><a class="gmail-uiLinkSubtle" href="https://www.facebook.com/sharon.ede/posts/10154071239912828?comment_id=10154071243612828&comment_tracking=%7B%22tn%22%3A%22R0%22%7D" style="color:rgb(144,148,156);text-decoration:none">58 mins</a></div><a class="gmail-UFICommentCloseButton gmail-_50zy gmail-_50-0 gmail-_50z- gmail-_5upp gmail-_42ft" href="https://www.facebook.com/sharon.ede/posts/10154071239912828?comment_id=10154071246867828&ref=notif¬if_t=comment_mention¬if_id=1478268535346722#" style="color:rgb(54,88,153);font-family:helvetica,arial,sans-serif;font-size:0px;text-decoration:none;height:12px;width:12px;background-color:transparent;border:0px none;overflow:hidden;padding:0px;vertical-align:middle;display:block;white-space:nowrap;background-image:url("/rsrc.php/v3/yV/r/PEEzHuspgLt.png");background-repeat:no-repeat;background-size:500px 302px;background-position:-256px -286px;opacity:0"></a></div></div></div></div></div></div></div><div class="gmail-UFIRow gmail-UFIComment gmail-_4oep" style="background-color:rgb(246,247,249);margin:0px 12px;padding:4px 0px;word-wrap:break-word;color:rgb(29,33,41);font-family:helvetica,arial,sans-serif;font-size:12px"><div class="gmail-_3b-9"><div class="gmail-clearfix" style="zoom:1"><div class="gmail-_ohe gmail-lfloat" style="float:left"><a href="https://www.facebook.com/sharon.ede?fref=ufi" class="gmail-img gmail-_8o gmail-_8s gmail-UFIImageBlockImage" tabindex="-1" style="color:rgb(54,88,153);text-decoration:none;display:block;margin:0px"><img alt="Sharon Ede" class="gmail-img gmail-UFIActorImage gmail-_54ru gmail-img" src="https://scontent.fbkk6-2.fna.fbcdn.net/v/t1.0-1/p48x48/14731182_10154023501157828_1209004124567350465_n.jpg?oh=99db709689ab459b7308e3919e83ae24&oe=5893F87F" style="border: 0px; height: 32px; width: 32px; display: block;"></a></div><div class="gmail-"><div class="gmail-UFIImageBlockContent gmail-_42ef gmail-clearfix" style="zoom:1;overflow:hidden;margin:0px;padding-left:8px"><div class="gmail-_ohf gmail-rfloat" style="float:right"><button class="gmail-UFICommentCloseButtonFake gmail-_50zy gmail-_50-0 gmail-_50z- gmail-_5upp gmail-_42ft" tabindex="-1" type="button" title="Remove" style="font-family:helvetica,arial,sans-serif;margin:0px;height:12px;width:12px;border-width:0px;border-style:none;border-color:initial;overflow:hidden;padding:0px;vertical-align:middle;display:block;white-space:nowrap;background-image:url("/rsrc.php/v3/yV/r/PEEzHuspgLt.png");background-repeat:no-repeat;background-size:500px 302px;background-position:-256px -286px;font-size:0px"></button></div><div class="gmail-"><div class="gmail-UFICommentContentBlock" style="padding-right:12px"><div class="gmail-UFICommentContent"><a class="gmail-UFICommentActorName" dir="ltr" href="https://www.facebook.com/sharon.ede?fref=ufi" style="color:rgb(54,88,153);text-decoration:none;font-weight:bold">Sharon Ede</a> <span>'Taxation is the wrong answer. Corporations pay taxes in exchange for services the state provides them, not for capital injections that must yield dividends. There is thus a strong case that the commons have a right to a share of the capital stock, and associated dividends, reflecting society’s investment in corporations’ capital. And, because it is impossible to calculate the size of state and social capital crystalized in any firm, we can decide how much of its capital stock the public should own only by means of a political mechanism.<br><br>A simple policy would be to enact legislation requiring that a percentage of capital stock (shares) from every initial public offering (IPO) be channeled into a Commons Capital Depository, with the associated dividends funding a universal basic dividend (UBD). This UBD should, and can be, entirely independent of welfare payments, unemployment insurance, and so forth, thus ameliorating the concern that it would replace the welfare state, which embodies the concept of reciprocity between waged workers and the unemployed.'</span></div></div></div></div></div></div></div></div><div><br></div>-- <br><div class="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div>Check out the Commons Transition Plan here at: <a href="http://commonstransition.org" target="_blank">http://commonstransition.org</a> </div><div><br></div>P2P Foundation: <a href="http://p2pfoundation.net" target="_blank">http://p2pfoundation.net</a> - <a href="http://blog.p2pfoundation.net" target="_blank">http://blog.p2pfoundation.net</a> <br><br><a href="http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation" target="_blank"></a>Updates: <a href="http://twitter.com/mbauwens" target="_blank">http://twitter.com/mbauwens</a>; <a href="http://www.facebook.com/mbauwens" target="_blank">http://www.facebook.com/mbauwens</a><br><br>#82 on the (En)Rich list: <a href="http://enrichlist.org/the-complete-list/" target="_blank">http://enrichlist.org/the-complete-list/</a> <br></div></div></div></div>
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