The Stakeholder Society

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Yale University Press, 2000 - Business & Economics - 296 pages
2 Reviews
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 citizenís 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.
  

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The stakeholder society

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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

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This book inspired me to consider problems from an opposite set of circumstances. For example, the authors suggest that rather than wait to give social security at older ages we might offer high school grads a bolus of money as a social stake at the beginning of their adult careers. Some might choose to go to college with that money, many probably would test out other ways to leverage the stake. 

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
Copyright

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About the author (2000)

Bruce Ackerman is Sterling Professor of Law and Political Science, Yale University, and the author or coauthor of more than fifteen books on political philosophy, constitutional law, and public policy, including "Social Justice in the Liberal State, The Stakeholder Society, "and" Deliberation Day," all published by Yale University Press.

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