Hey, I get to be first to clap. You'll get a lot of pushback on this, but I've thought this myself for a long time. I am an economist, and the idea of wealth redistribution is something I should rebel against. And I would have 50 years ago. But the extreme grotesque level of wealth inequality, combined with the sequestering of nearly all economic growth over the last 50 years has changed my opinion. I believe that capitalism is a good system, in general, but it has been hijacked by the richest of the rich to further enrich themselves at the expense of most of mankind.

A human development fund has much to recommend it. I would suggest a people's sovereign wealth fund, in which every citizen would have their own account, into which the redistribution would deposit wealth on an equal basis (perhaps some other kind of incentive regime). One problem with redistribution is that much wealth is not liquid, and selling equities to redistribute would be disastrous. But equity and bond funds could be transferred into citizen's accounts, and a limit could be made on how much they can draw down at any time, creating a secure retirement fund - beyond social security - while still allowing individual choice. I am thinking in particular about how native corporations were established as reparations in the Alaska Native Claims Settlement Act. Natives could not sell their shares for 25 years, but they immediately had wealth where they had none before.