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Subject:[socialcredit] Kuwait Government gives dividend to its citizens: That's Financial Security
Date:Monday, July 24, 2006  17:18:21 (-0700)
From:Eric Encina <ericencina @.....com>

Hello,
 
This is great: Kuwait Government gives dividend to its citizens.
 
Is this not a financial security guaranteed to all as one of the principles of real monetary system as advocated money or monetary reform and Social Credit as a share of the abundance of the country's wealth--as everyone is co-contributor of the country's progress and co-owner of the resources?
 
Must be done too to most countries rather than spending $billions of dollars for the payment of everlasting interest to IMF and WB!
 
Thanks for reading.
 
Sincerely yours,
 
 
Eric V. Encina
 
 
Oil-rich Kuwait gives citizens 690 dollars each
 
The one million citizens of Kuwait, where government financial assets have topped 166 billion dollars, are to receive a grant of 200 dinars (690 dollars) each, the government has announced.
 
"In accordance with directives by the emir, the cabinet decided to provide all Kuwaiti citizens with a grant of 200 dinars each," state minister for cabinet affairs Ismail al-Shatti said Sunday after the cabinet weekly meeting.
 
The two million foreign workers in the oil-rich emirate were not included.
The OPEC member posted a surplus in each of the past seven fiscal years, totalling more than 50 billion dollars. Kuwait is also headed for record revenues this year.
 
 
The government offered a similar grant in October 2004 and raised salaries of citizens by 170 dollars monthly last year. MPs in the outspoken parliament have been pressing for a new hike.
 
 
The Gulf Arab state provides a cradle-to-grave welfare system to its citizens who receive most public services at heavily subsidized prices and pay no income tax.
Some 92 percent of Kuwait's 300,000-strong workforce are employed in government jobs, with high wages and minimal work pressure.
 
 
From Yahoo news.
 
 
COMMENTS: very interesting and encouraging. Muslim nations can do but why can't we as Christian nations do the same?
 
 
 
Eric V. Encina


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