THE DIVIDEND POTENTIAL OF CO-OWNED WEALTH
Co-owned wealth is wealth we coinherit or cocreate, wealth of the whole system and/or its subsystems, wealth not created by individuals or businesses. Much of it is truly priceless and should remain that way. However, users of some of it should pay rent, with the income pooled to pay dividends to owners. The question I address here is: Is there enough co-owned wealth that we can plausibly organize this way to pay meaningful dividends to everyone?
To answer this question, we must first establish criteria for choosing assets to rent. The criteria I use are the following:
• The income generated from renting the asset (as opposed to selling it) should be great enough to justify doing so.
• Renting ...