Jul 18, 2023
It’s Time to Consider the Federal Land Dividend
Posted by Zoltan Istvan in categories: biotech/medical, business, economics, government
Here’s my new Opinion essay at Newsweek. It’s about the need to use our nation’s massive natural resources to pay for a bipartisan tax free universal basic income, called the Federal Land Dividend. I hope you will read and share it!
In 2018, I began lecturing about the Federal Land Dividend, a bipartisan tax-free Universal Basic Income (UBI) based on monetizing the 640 million acres of mostly unused federally owned land. Due to the lasting effects of the coronavirus pandemic, which include a struggling U.S. economy, there is increasing interest in implementing basic income plans. The Federal Land Dividend is the only method that is both bipartisan and tax free.
An estimated 50 percent of the 11 most western states are mostly empty land that belong to the government. Estimates say this land and its resources are worth approximately $100 to $200 trillion. If we divide the middle— $150 trillion —by America’s population of 333 million, every person would have approximately $450,000 in equity. That’s much higher than the median net worth in America of $122,000.
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