Dividends
What is a Dividend
A dividend is a payment to those who have invested in an corporation and are part owners of it, entitled to receive payments as their share of the profits of the corporaton.
Why Pay a Dividend?
According to Major C. H. Douglas: “It is self-evident that any lasting and general prosperity depends upon maintaining a constant balance between a high rate of production and an equally high level of consumption. This balance results from continuously satisfying the vital needs of consumers with the actual physical goods of producers. To make their demand for goods effective consumers must have sufficient money to buy the goods. Demand, without money to implement it, is impotent, ineffective.”
https://www.michaeljournal.org/articles/social-credit/item/the-national-credit-account
https://www.michaeljournal.org/articles/social-credit/item/from-where-will-the-money-come
Is a dividend communism, fascism, or communism?
A dividend is neither socialism, fascism, nor communism, for it involves no confiscation and would sacrifice neither the liberty nor property rights of anyone. It is not paid from the taxes of others.
What about the objection of "something for nothing" as being immoral? Do they see as immoral the bequeathing of an inheritance of a father to his child who has never contributed to create this inheritance? Do they see as immoral the dividends paid to millionaires who have never produced any real wealth? Do they see anything immoral in the lavish salaries of civil servants who do absolutely nothing for the people who pay these salaries with their taxes?
When a society builds robots to manufacture cars or appliances, farm our crops, uses AI to write code, design electronic circuitry, perform surgery, create art, write a book, or teach a class, the eventual effect of our creativity will be that all drudgery and skilled labor is replaced by machines, and everyone will be out of a job.
Obviously, if people are replaced by machines and there are no jobs, there will be universal poverty, and no money to buy the products our machines make for us. The society that created these machines and labor-saving devices are entitled to reap the rewards of their creation in the form of a dividend, just as shareholders in a corporation. People who have a job will receive their wage, in addition to their dividend.
Implementation
The FairFunds dividend will be implemented when the logistics for doing so has been worked out.