Abigail Disney (Disney Heiress worth $120 million) thinks that governments should tax the rich more. I guess the assumption is that then the government would do “good” with that money? But would they? Data says that giving money to people directly often is much better than having “someone else” decide what is best for them.
There are multiple examples of this
California Program Giving $500 No-Strings-Attached Stipends Pays Off, Study Finds
So, instead of deciding what is good for others, why doesn’t she embark on a personal redistribution? I proposed a similar, self funded, basic income idea to Mark Zuckerburg in 2017. He never took me up on that.
Here is the basic setup.
$30k/year*500 people =$15 million *5 years = Cost of program $75 million over 5 years.
Since Abigail is worth $120 million and has rising stock, she will likely come out with over $75 million at the end of the project!
I am sure someone in Stockton who did this project would be happy to take some money to fund a larger project.
Or I am sure Andrew Yang would be happy to help facilitate such a project.
We are waiting for a large donor to step up and fund such a large scale, long term project.
Be a leader Abigail.