Like, really gave back. Not in a trickle down economics kind of way with Jeff Bezos on track to become the world’s first trillionaire by 2026. But in direct giving back kind of way, paying back the goverment that funded the tehnologies these companies are built on so that the government can use that return to invest in the next generation of inventors. The development of Google search was funded by the National Science Foundation. Three of Elon Musk’s companies have benefited from $4.9 Billion in public support. What if their success fueled investment in communities through tech education for K-12 and job & leadership training for adults?
Economist Mariana Mazzucato has been writing about this wealth creation gap, and how to close it, for years.
[We need] a citizens’ dividend — where citizens own equal shares in a fund tied to the national wealth — would transform the story of government intervention and create a more equitable economy.