Scott Santens: Wealth Shared by All
on Friday, June 9, 2017Scott Santens Money Quote saying because we all contribute to wealth, we should all share in that wealth as universal basic income (UBI). Scott Santens said:
“A fraction of all wealth should be justly shared with everyone, because that fraction is
created by everyone” — Scott Santens
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Scott Santens is arguing that a portion of all wealth in an economy should be shared with all members of society because that wealth is collectively created. He believes that since everyone participates in and contributes value to an economic system through their labor, ideas, consumption and more, they are entitled to a share of the overall prosperity generated. By working together in an interconnected market, individuals help produce wealth that exceeds what any single person could generate alone.
So Santens is proposing a concept of distributive justice where the benefits of modern wealth creation are more widely distributed across a population, on the basis that no person achieves financial success solely through their own independent efforts and without benefitting from social and economic cooperation.