To fix income inequality, we need more than UBI — we need Universal Basic Assets

The popularization of income inequality

Since the Occupy protests of September of 2011, the subject of America’s large and growing income inequalities has become fodder for media stories, policy discussions, and a growing body of academic studies. Hardly a day goes by without some new research pointing out how dire the situation has become. The Institute for Policy Studies most recently stated that “America’s 20 wealthiest people — a group that could fit comfortably in one single Gulfstream G650 luxury jet — now own more wealth than the bottom half of the American population combined, a total of 152 million people in 57 million households.”

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universal asset

universal asset

UBA is a new kind of initial capital for metaverse and future digital assets.