How the Equity State Could Work
All citizens of an Administrative Region would be allocated a number of shares of each Public Service Provider. Each citizen would be required to hold a minimum number of shares with the excess being available to trade or sell. As an example, the Chen family owns a single-family residence within The NYC Administrative Region (the NYC City State). The Chen’s Ownership of the land and house entitles them to 50 shares of NYCHealth!, a PSP which provides healthcare services to people within the NYC-AR. When NYCHealth! needs to appoint a new CEO, the Chen family votes its 50 shares for approval or non-approval. Any profit NYCHealth! brings in for the quarter is returned to its shareholders in the form of a dividend; all citizen-investors receive a cash payment. If a deficit occurs, additional funding is required, which can either take the form of public debt or additional share issuance.
A direct ownership structure will provide citizen-investors with a vested interest in disciplined spending (as they receive a cash benefit) balanced with quality services that they utilize. Each citizen-investor will hold a portfolio of assets, just as they do in their retirement account.
Ownership allocation, meaning how many shares does each person hold, can take a variety of forms. Some Administrative Regions could opt for simple structures like one person one share, others could construct a hierarchy of share classes, each with different benefits, restrictions and contribution/distribution rules.