A policy proposal to give citizens tradable financial assets (not cash) through federal programs modeled on 19th‑century land grants, using formulas to calibrate how much of an individual's income should come from capital versus labor. Proponents call this 'predistribution' — engineering ownership up front rather than relying on after‑the‑fact redistribution.
— If adopted, it would reframe inequality policy from transfer payments to state‑engineered ownership, changing tax policy, financial regulation, and the relationship between citizens and the financial system.
John C. Pinheiro
2026.02.27
100% relevant
Robert C. Hockett’s book proposes 'predistribution' via financial engineering and an 'income‑compositional symmetry principle,' explicitly invoking the Homestead Act and Morrill Land Grants as historical precedents.
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