Capital Commons Trusts

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Described by Peter Barnes:

URL = http://onthecommons.org/node/696


Description

"A capital commons trust would be a giant mutual fund owned by all Americans on an equal basis. Publicly traded companies would contribute shares to the fund at the rate of 1 percent per year, up to a maximum of 10 percent of their shares. The contributions would be the price these companies pay for the socially created benefits of public liquidity -- a small price for the hefty benefits. (When a company "goes public," its stock leaps spectacularly because it can be sold instantly to anyone."

See the entry on Trusts for a full explanation.