Part 4/14:
Complementing this are collectively owned private assets, which include cooperatives, land trusts, DAOs (Decentralized Autonomous Organizations), and cooperative banking. Such collective ownership models facilitate wealth distribution and resource management, but they require legal frameworks that legitimize decentralized entities to prevent elite capture and ensure fairness.
The Long-Term: Residual Wages and Personal Asset Accumulation
While wages may decline substantially, they will not disappear entirely. The system anticipates a residual wage component—likely around 20% of total income—derived from gig work, creative pursuits, or other active engagements. This residual income acts as an employment safety net, maintaining personal agency and economic participation.