Features
Universal Basic Income Fund (UBIF)
The PLAN will provide a universal basic income fund for U.S. citizens, including green cards holders and people who are on a legal path to citizenship, 18 years and older with single returns of less than $150,000 adjusted gross income and joint returns of less than $300,000 adjusted gross income without having to pass a test or fulfill a work requirement.
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The Balanced Capitalism Plan
Capitalism requires a reboot to capitalism 2.0 in order to remedy the rapacious inequality in the system.
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Administrative Judge
The PLAN authorizes the appointment of an administrative judge to oversee its management.
New Public Corporations
A new public corporation (PC) will be required to allocate 50% of its share capital received from an IPO and secondary stock issues into a UBIF at its current stock price.
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Existing Public Corporations
An existing public corporation will be required to allocate anywhere from 0% to 50% of its share capital from an earlier IPO and secondary stock issues into a UBIF at its current stock price.
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Business Dealings
Merger And Acquisition (M&A) Deals Involving Public Corporations -- An acquirer firm will be required to allocate an additional 25% of the financial assets transacted in an M&A deal into a UBIF. -- A target firm will be required to allocate 25% of the financial assets received in an M&A deal into a UBIF.
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