Varis Varoufakis ..silk purses out of pigs ears
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https://www.commondreams.org/views/2019/12/29/imagining-world-without-capitalism
Varis is at it again, designing a capitalism that benefits all…
When a baby is born, the central bank automatically grants her or him a trust fund, or personal capital account, that is periodically topped up with a universal basic dividend. When the child becomes a teenager, the central bank throws in a free checking account.
Workers move freely from company to company, carrying with them their trust-fund capital, which they may lend to the company they work in or to others. Because there are no equities to turbocharge with massive fictitious capital, finance becomes delightfully boring and stable. States drop all personal and sales taxes, instead taxing only corporate revenues, land and activities detrimental to the commons.
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