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Citizens’ Capital Accounts: A Comment on Contributions

In: Exporting the Alaska Model

Author

Listed:
  • Christopher L. Griffin

Abstract

Karl Widerquist’s proposal for Citizens’ Capital Accounts (CCAs) is at once intellectually innovative and eminently practical, perhaps even more so than previous suggestions for creating universal asset-based welfare policies. At present, the most concrete divide regarding the scope and use of such a policy pits basic income proponents against their stakeholder grant counterparts. Both camps rightly demand neutrality over the terms by which citizens spend their collectively financed grants. Widerquist’s plan, however, extends the neutrality principle to when individuals may draw on the available portion of their accounts, thereby combining—if not blurring—the most critical distinguishing feature of prior proposals. Basic income plans allow for a steady stream of payments over time; Bruce Ackerman and Anne Alstott’s stakeholder society1 reserves benefit payments for the moment at which mature adults assume the mantle of full citizenship. Widerquist’s description of CCAs in chapter 13 not only sets out with requisite detail a feasible operational design for CCAs but also a critical evaluation acknowledging its strengths and limitations.

Suggested Citation

  • Christopher L. Griffin, 2012. "Citizens’ Capital Accounts: A Comment on Contributions," Exploring the Basic Income Guarantee, in: Karl Widerquist & Michael W. Howard (ed.), Exporting the Alaska Model, chapter 0, pages 225-232, Palgrave Macmillan.
    • Handle: RePEc:pal:etbchp:978-1-137-03165-5_17
    DOI: 10.1057/9781137031655_17
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