A draft regulation of the citizens of Europe
OWN THE MACHINE
Capital for all, so the dividend follows.
When machines create wealth, citizens should share in owning it. This project proposes citizen participation in the gains of highly automated production. The complete draft Regulation illustrates one mechanism; the proposed initiative asks the Commission to assess and propose instruments. Nothing is registered and there is nothing to sign yet.
The current draft cites Article 114 TFEU. An Article 352 alternative is under review; neither route is settled. No Treaty change is sought. Read the proposed registration objectives.
The mechanism
A covered company would issue a warrant for a 3 % non-voting stake. The first liquidity event, shareholder extraction above the draft's threshold or a seven-year long-stop triggers subscription at nominal value. The obligation is settled in shares; it does not itself generate cash for citizens.
The entitlement
Every EU citizen aged 18 or older would have an equal, personal right to declared distributions. It cannot be sold, pledged or redeemed. No means test; payment requires registration with a national vehicle. Returns may be small or zero. Legal safeguards resist diversion but cannot prevent all future amendments.
The method
Drafted in public, adversarially reviewed, every verdict and every fix on the record. The ledger records objections, corrections and editorial decisions.
Declared interest: the draft grew out of a book by its initiator; the campaign stands on its own legal text, and every argument here can be checked without buying anything. Draft at commit d2e13cf.