What he's describing, which is a social wealth fund that perpetually increases its share of ownership in the economy, would eventually lead to full collective ownership and control of the economic system. Sure, it's incrementalism and would likely never be allowed to happen peacefully, but it's a good way to explain to non-leftists how actual socialism would solve a lot of our current issues. Also related, I sometimes use this plan in discussions concerning UBI as an example of a potential alternative to it.
What he's describing, which is a social wealth fund that perpetually increases its share of ownership in the economy, would eventually lead to full collective ownership and control of the economic system. Sure, it's incrementalism and would likely never be allowed to happen peacefully, but it's a good way to explain to non-leftists how actual socialism would solve a lot of our current issues. Also related, I sometimes use this plan in discussions concerning UBI as an example of a potential alternative to it.