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1. We, the people of Goa, own the minerals in common. The state government is merely a trustee of natural resources for the people and especially future generations (Public Trust Doctrine).

2. As we have inherited the minerals, we are simply custodians and must pass them on to future generations (Intergenerational Equity).

3. Therefore, if we mine and we sell our mineral resources, we must ensure zero loss, ie. capture of the full economic rent (sale price minus cost of extraction, cost including reasonable profit for miner). Any loss is a loss to all of us and our future generations.

4. All the money received from our minerals must be saved in the Goenchi Mati Permanent Fund, as already implemented all over the globe. Like the minerals, the Permanent Fund will also be part of the commons. The Supreme Court has ordered the creation of a Permanent Fund for Goan iron ore and already Rs. 94 crores is deposited.

5. Any real income (after inflation) from the Goenchi Mati Permanent Fund must only be distributed to all as a right of ownership, a Citizen’s Dividend. This is like the comunidade zonn, but paid to everyone.

“This is the optimum way of promoting community development while giving every man, woman and child a sense of basic security and pride in their community. It is enlightened, it is sensible, and it is eminently feasible.”

– Professor Guy Standing,

SOAS, University of London, and Hon.Co-President of BIEN (Basic Income Earth Network)

“This makes perfect sense. Each human inhabitant on the earth has equal claim over the rents that comes out from earth’s ‘labour’–this principle is the fulcrum of the proposal, which I thoroughly endorse.’

– Nandan Nawn

TERI University, New Delhi