Part 4/5:
The American Equity Fund: A New Economic Model
Altman proposes the creation of an "American Equity Fund" that would be capitalized by taxing companies above a certain valuation and by taxing the value of privately held land. All citizens over 18 would receive an annual distribution of dollars and company shares, empowering them to use the money as needed or invest in their education.
This model aligns the incentives between companies, investors, and citizens, as everyone would have a vested interest in the country's success. Altman argues that this new social contract would create a "virtuous circle of societal wealth," where technology delivers prosperity for all.