Our Common Wealth: A Citizens' Wealth Fund for the UK
Article
A declining labour share of national income, together with unequal capital ownership, mean wealth inequality in the UK has risen and is set to rise further.
This policy paper sets out why a Citizens’ Wealth Fund, a sovereign wealth fund owned by and run in the interests of citizens, would help address this problem by transforming a part of national private and corporate wealth into shared net public wealth. It sets out how such a fund could be capitalised, and proposes that the income generated should be used to provide a ‘universal dividend’ to all young people. In this way the rising returns to capital, and the opportunities derived from wealth, can be more fairly distributed across society.
Related items
The health mandate: The voters' verdict on government intervention
The nation’s health is now a top-tier political issue.Reclaiming social mobility for the opportunity mission
Every prime minister since Thatcher has set their sights on social mobility. They have repeated some version of the refrain that your background should not hold you back and hard work should be rewarded by movement up the social and…Realising the reform dividend: A toolkit to transform the NHS
Building an NHS fit for the future is a life-or-death challenge.