The Stakeholder Society

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Yale University Press, 2000 - Business & Economics - 296 pages
A quarter century of trickle-down economics has failed. Economic inequality in the United States has dramatically increased. Many, alas, seem resigned to this growing chasm between rich and poor. But what would happen, ask Bruce Ackerman and Anne Alstott, if America were to make good on its promise of equal opportunity by granting every qualifying young adult a citizen’s stake of eighty thousand dollars? Ackerman and Alstott argue that every American citizen has the right to share in the wealth accumulated by preceding generations. The distribution of wealth is currently so skewed that the stakeholding fund could be financed by an annual tax of two percent on the property owned by the richest forty percent of Americans.
Ackerman and Alstott analyze their initiative from moral, political, economic, legal, and human perspectives. By summoning the political will to initiate stakeholding, they argue, we can achieve a society that is more democratic, productive, and free. Their simple but realistic plan would enhance each young adult s real ability to shape his or her own future. It is, in short, an idea that should be taken seriously by anyone concerned with citizenship, welfare dependency, or social justice in America today.
 

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THE STAKEHOLDER SOCIETY

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There is a rare commodity here: a well-thought out, genuinely original idea. A good way to provoke serious discussion of weighty social and political issues is to offer a seemingly radical proposal ... Read full review

The stakeholder society

User Review  - Not Available - Book Verdict

Yale law professors Ackerman and Alstott propose that a number of existing governmental aid programs be replaced by two new ones. First, an $80,000 "stake" would be provided to citizens when they ... Read full review

Contents

Your Stake in America
1
Citizen Stakeholding
21
The Stake in Context
45
Profiles in Freedom
65
Payback Time
77
Taxing Wealth
94
The Limits of Growthand Other Objections
113
From Worker to Citizen
129
Taxing Privilege
155
Ideals
181
Alternatives
197
Funding the Stakeholder Society
219
Notes
231
Bibliography
275
Index
289
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