Universal capital endowment at birth in Italy
Year: 2026
Type: article
Abstract: This paper proposes a universal capital endowment granted at birth, financed through a small structural levy on existing financial capital and managed as a segregated public investment fund. Each newborn receives an initial endowment of €10,000, invested immediately in a globally diversified equity portfolio and allowed to compound over time. Withdrawals are permitted only at predefined life stages, within a life-cycle stabilization framework. The proposal is not designed as a redistributive policy aimed at reducing wealth inequality per se, but rather as a systemic mechanism to provide all citizens with an initial asset base, enhancing economic resilience, intergenerational cohesion, and long-term social stability.
Source: Università Carlo Cattaneo - LIUC
Author: Armanini, Massimo
Institution: University Carlo Cattaneo
Language: English
Field: Social Sciences
Domain: Social Sciences
SDG: Reduced inequalities
Open Access status: green
OpenAlex ID: W7123310413
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