The Case for Giving Every American a Share of a Public Wealth Fund

In late August, the People’s Policy Project, a left-wing think tank run by economist and writer Matt Bruenig, released a proposal for the creation of a social wealth fund in the United States. Dubbed the American Solidarity Fund, the idea behind the proposal is to establish a pool of shared, public wealth that would be invested in the same way that private wealth is. Under this plan, every American adult would own a single “share” of the fund, and while no single person would be able to withdraw their share, they would receive regular universal dividend payments from returns on investments.