workfare bonus - co owners of the nation's wealth

it is good that the govt is now thinking of sharing the nation's wealth with the citizens. with more than $200 billion in reserves, that is quite a neat sum of money. but no govt will be thinking of squandering away this national reserves recklessly. what the govt is probably doing is to work out some formula to reward the people from the income generated from investing this reserve. at 5% return, this will give an income of $10 billion per annum. it would not be asking too much if 10% or $1 billion from this income be set aside for the people as their share of the national wealth. this will then make the value of the national reserve meaningful to the people. the people can then feel the wealth of the nation and that they too are part owners of this wealth.

No comments: