|Subject:||Re: [socialcredit] ---Re: ELECTRONZ - 611 and the 'Red Dawn'|
|Date:||Wednesday, April 5, 2006 21:48:21 (+0000)|
|From:||John G Rawson <johngrawson @.......com>
|In reply to:||Message 3760 (written by Wallace M. Klinck)|
Congratulations. That is the best and most concise overview of the principles
of SC financial policy that I have seen.
I do wonder if we put enough emphasis on our non-political Credit Authority and
National Accounting, accepted by both non-political and political wings of the
movement. If properly done, demand inflation would be practically impossible.
If the balance sheet showed that no new money was needed in circulation, as is
possible in a time of rapid econnomic expansion, none would be issued.
In passing, this is an answer to those who espouse a socialist-type fixed basic
income, as opposed to a variable national dividend depending on the state of the
economy. There could be circumstances where the former most certainly could cause
inflation. Probably double-edged at times, with a cost-push component from the
costs imposed on industry by the taxation needed to pay it.
Regards. John R.
From: "Wallace M. Klinck" <email@example.com>
[socialcredit] ---Re: ELECTRONZ - 611 and the 'Red Dawn'
Date: Tue, 04 Apr 2006
>The Social Credit proposals are formulated to
compensate for an
>inherent defect in financial accountancy which results in an
>exponentially increasing deficiency of consumer income in respect to
financial cost of goods produced in each cycle of production.
consumer credits issued as National (Consumer)
>Dividends and Compensation of
Retail Prices is cancelled as
>purchasing-power when used to purchase consumer
>repayment of production loans to the banks or in being placed
>capital reserve. Any scheme
directed to "get some of it back" would
>be to defeat the purpose of issuing
such consumer credits in the
>----- Original Message
----- From: "Jock Coats"
>Sent: Tuesday, April 04, 2006 4:18 AM
Re: [socialcredit] ---Re: ELECTRONZ - 611 and the 'Red
>>On 3 Apr
2006, at 23:36, John G Rawson wrote:
>>>And please don't give me the completely
ridiculous answer that all
>>>taxation is unnecessary, in this modern age when
>>>demand so much of government spending.
>>John, forgive me for
butting in here. I agree. But also, partly
>>why there is such a high demand for
public spending is
>>do not get to keep enough of what they can make to be able to
>>afford to do for themselves what they then expect government to
>>I reckon you could probably slash government spending in half at
>>least in a more equitable fiscal environment.
>>This is why I like
SoCred to get the money out there and LVT to get
>> some of it back as land
rents reflect so well the public sector
>>inputs into them, so you would be
recycling public sector capital
>>expenditure and giving people more of their
own money back to let
>>them choose what revenue expenditure they wanted to
>>Jock Coats - Chair, Oxfordshire Community Land
>>c/o Warden's Flat 1e, J Block Morrell Hall, OXFORD,
>>w: +44 (0)1865 483353 h: +44 (0)1865 485019
>>m: +44 (0)7769 695767 e:
>>www: http://www.oclt.org.uk/ -
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