| Subject: | [socialcredit] Swanwick no. 2 | | Date: | Wednesday, December 7, 2005 13:53:58 (EST) | | From: | Triumphofthepast <Triumphofthepast @...com>
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Thanks, Joe, for the opportunity to expand my comments on the Swanwick Principles. ". . . and shall be recalled only in the ratio of general depreciation to general appreciation" clearly means recalled from the public and refers to the compensated price.
If you used your national dividend to purchase stock held by someone else, it would be like buying that painting you were talking about before or used goods -- that is, it would make no difference.
If you used it to purchase new stock issue, it would not be any different than if you used your earnings for the same thing; and per Swanwick #2 you are not going to do either, because production is not going to be financed that way any more.
"How is it to be determined just what the national dividend in the hands of each of us as recipients will be spent on?" I don't know, but the national dividend IS a dividend of consumer goods and services (that is its whole point). Money is ONLY a mechanism to achieve this. How to make the mechanism do this is a detail of method -- an important detail but still only a detail. The obviously attainable goal of distributing a dividend of consumer goods and services is not to be blocked by saying, "The mechanism won't permit it."
Michael
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Swanwick no. 2
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