{"title":"The case for citizens' wealth funds","authors":"S. Lansley, D. Mccann, Steve Schifferes","doi":"10.1504/IJPP.2019.099051","DOIUrl":null,"url":null,"abstract":"Citizens' wealth funds (CWFs) can be a key tool in tackling the growing disparity of wealth between the public and private sector and helping improve inter-generational fairness. They can also be a powerful pro-equality force. Such funds would be commercially managed and independently run, but held in trust for the public, with the dividends but not the capital used for social purposes. Some governments (including Singapore, Alaska, Australia and Norway) have successfully built up large funds, using the proceeds of natural resource extraction or privatisation. Getting public buy-in is the key to the success of such funds - and some of the most successful hypothecate the revenues to specific aims, for example a citizen's annual dividend (a kind of basic income) or to pay government pensions.","PeriodicalId":35027,"journal":{"name":"International Journal of Public Policy","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2019-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJPP.2019.099051","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Public Policy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/IJPP.2019.099051","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 3
Abstract
Citizens' wealth funds (CWFs) can be a key tool in tackling the growing disparity of wealth between the public and private sector and helping improve inter-generational fairness. They can also be a powerful pro-equality force. Such funds would be commercially managed and independently run, but held in trust for the public, with the dividends but not the capital used for social purposes. Some governments (including Singapore, Alaska, Australia and Norway) have successfully built up large funds, using the proceeds of natural resource extraction or privatisation. Getting public buy-in is the key to the success of such funds - and some of the most successful hypothecate the revenues to specific aims, for example a citizen's annual dividend (a kind of basic income) or to pay government pensions.
期刊介绍：
The IJPP proposes and fosters discussion on public policy issues facing nation states and national and supranational organisations, including governments, and how these diverse groups approach and solve common public policy problems. The emphasis will be on governance, accountability, the creation of wealth and wellbeing, and the implications policy choices have on nation states and their citizens. This perspective acknowledges that public policy choice and execution is complex and has ramifications on the welfare of citizens; and that, despite national differences, the actions of nation states are constrained by policies determined by supranational bodies, some of which are not directly accountable to any international body.
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