Bob Kerrey in I`ll Be Short, by Robert Reich

On Social Security: Kid Save: $1,000 nest egg savings account to every newborn

Under Sen. Bob Kerrey's "Kid Save" plan, the government would give every newborn a $1,000 savings account, to which $500 would be added every year until the child's 5th birthday. The money accumulates and the interest compounds until the child reaches 21, and--presto!--the child has a cool $20,000 to start his or her adult life. The tab: about $15 billion a year.

There are other variations, but you get the point. Instead of redistributing income, redistribute capital. Encourage people to save and depend on their personal choices about how to invest money. This way we get the efficiency benefits of a market economy and also the social benefits of a more egalitarian society.