If you'd told me ten years ago I would ever support a basic income, I would have laughed. My thought would have been, "People getting paid without doing anything? Absurd!" But, in the past few years I've thoroughly changed my mind on this, and a number of other fronts. I now fully support a basic income (though I think a debate needs to happen about how much that basic income ought to be and how it ought to be funded…
I agree with you, but how do you propose going about giving this underclass the leverage they need to make this happen? Short of encouraging them to kill rich people of course, which anyway would get you killed or neutralized long before you had any hope of success. Our system is simply not set up to reliably make changes for the benefit of people with no leverage over it in the first place.
- Mandate all entities to get listed and traded. Otherwise tax at a punishable rate. - Simplify reporting obligations so listing is not painful. - Reduce corporate tax to a fixed amount under-20 percent and income-tax under-15 percent so companies and individuals have incentive to register and get listed.
This would ties the single most important metric of capitalism, share price, to the democracy that makes capitalism possible at first place. Also all derivatives or executive compensation, investor returns are related to share price.
The division is periodically reassessed as people join or leave pool.