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P5 Eliminate Profit from Ownership

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P5 Eliminate Profit from OwnershipEdit

“Polarization of wealth is inevitable when people are allowed to profit from merely owning a thing, without producing anything or contributing to society.” Holders of land, electromagnetic spectrum, mineral rights, patents, etc., today profit from merely owning the natural world that predated us all and the intellectual wealth that was created out of shared culture. Eliminating profit from mere ownership will foster equitable distribution of wealth and encourage cultural creations by freeing cultural “raw materials.”

This does not preclude appropriate profit from the value one has added to the commons. Patents and copyrights, for example, could mandate decreasing rate of "rental" over a decade and then become public domain.

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INFORMATION/RESOURCESEdit

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