Names for the implementation of this theory in policy include universal basic capital, stakeholding and ownerism,[1] and are generally synonymous within the equal opportunity egalitarian framework.
Given that property was initially allocated to households in an egalitarian manner,[4] this system implied that every person had the right to a certain plot of land.
In more modern times, the idea has been around since Thomas Paine (January 29, 1737 – June 8, 1809) in his work Agrarian Justice from 1795, and complemented his other thesis of basic income.
Some famous recent work on the policy efficaciousness of universal basic capital or asset-based egalitarianism has been conducted by Bruce Ackerman and Anne Alstott in The Stakeholder Society.
[7] In this policy proposal, the method of funding the 'stake' was by means of a wealth tax and provides a sum of $80,000 for those reaching the age of majority.