Comments on: How a Citizens’ Wealth Fund can tackle wealth inequality and deliver a universal minimum inheritance https://neweconomics.opendemocracy.net/citizens-wealth-fund-can-tackle-wealth-inequality-deliver-universal-minimum-inheritance/?utm_source=rss&utm_medium=rss&utm_campaign=citizens-wealth-fund-can-tackle-wealth-inequality-deliver-universal-minimum-inheritance Tue, 11 Sep 2018 13:05:31 +0000 hourly 1 https://wordpress.org/?v=5.3.4 By: William Cooke https://neweconomics.opendemocracy.net/citizens-wealth-fund-can-tackle-wealth-inequality-deliver-universal-minimum-inheritance/#comment-1107 Tue, 03 Apr 2018 14:46:00 +0000 https://www.opendemocracy.net/neweconomics/?p=2791#comment-1107 psst. I can find you £60bn to kick it off with.
I have been saying this for a while, but the universities strike is over the £60bn asset Universities Superannuation Scheme (USS)
It is a funded scheme. Half of the sector, though is in the Teachers Pension Scheme (TPS), which is an unfunded scheme, but in which the benefits are much better.
So. USS hands over its £60bn as a one of transfer-in of all its members joining the Teachers Pension Scheme.
The new members will be a small proportion of the TPS, so have little public spending impact
They will get better benefits
The govt gets £60bn towards the Citizen’s Wealth Fund.
Everyone is happy.

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