| Subject: | Re: [socialcredit] Alaska Dividend System Origin | | Date: | Saturday, March 28, 2009 02:05:41 (-0600) | | From: | Wallace Klinck <wmklinck @....ca>
|
| In reply to: | Message 6509 (written by Larry Heather) |
Although the Alaska Dividend system is exemplary and very popular in
that jurisdiction one should understand that it is paid from monies
which have gone through the costing system and cannot for this reason
be called Social Credit per se. The proposed Social Credit consumer
credits would originate from without the costing system, would not
create additional costs--and would be available to cancel previous
financial production costs. The Alberta Heritage Fund having also
been accumulated from money which has passed through the production
system and thereby registered financial costs could not in a true
Social Credit sense be a source of Consumer Dividends as Douglas
proposed them. The two very modest single consumer dividends paid by
the so-called "Social Credit" administration in Alberta (derived from
revenues received from oil exports) under the Premiership of E. C.
Manning were made in 1957 and 1958 although the "Social Credit"
government remained in office until being replaced in 1975 by the
Conservative Party under the leadership of Peter Lougheed. The
payment of these "Cinderella Dividends" elicited much criticism from
those opponents of Social Credit who branded them as irresponsible and
wasteful, political bribery, etc. and no further such dividends were
issued in the interval between the issues of 1957 and 1958 and the
election to office of the Conservatives in 1975--the Government
apparently preferring to spend the money to further its own policies
rather than extending that choice to the citizens of Alberta.
Sincerely
Wally
On 27-Mar-09, at 3:51 PM, Larry Heather wrote:
> Dear Ken,
> It has been common legend, that the Alberta Provincial Social
> Credit Treasurer and finance officials made the trip to Alaska in
> the early sixties to assist the Officials there to set up the
> dividend fund. The same system was set up in Alberta, ready for
> implementation in the late seventies. When Peter Lougheed of the
> Progressive Conservatives defeated the Socreds in 1971, the nature
> of the Heritage Fund was changed to a loan fund for other provinces,
> and it true dividend purpose thwarted.
> I am currently seeking more documentation on the initial trip to
> Alaska by the Socreds and would be grateful to have more information
> if anyone has come across such in the past.
> Larry Heather
> ----- Original Message ----- From: "Kenneth Palmerton" <kenpalmerton@cix.compulink.co.uk
> >
> To: <socialcredit@elistas.com>
> Cc: <kenpalmerton@cix.compulink.co.uk>
> Sent: Friday, March 27, 2009 7:49 AM
> Subject: Re: [socialcredit] Re: depreciation
>
>
>> In-Reply-To: <001e01c9ae2f$8efcd500$6500a8c0@cc.shawcable.net>
>> Hi Joe.
>>
>> I couldn't possibly know what the effects of the dividend were upon
>> Alaska, but I was certainly surprised and delighted when I first
>> heard of
>> it :-) And I never did get answers to all the questions I asked of
>> the
>> Alaska authorities at the time.
>>
>> Your question about the effect upon retail prices is a good one.
>> For it is
>> my belief that orthodox economists have never quite grasped what is
>> at
>> work when they formulated their "Law" that increased money supply
>> leads to
>> increased prices. Few of them have ever sat in a company boardroom
>> when
>> the agony over the possibility of increasing prices is thrashed out.
>>
>> With very few exceptions companies struggle to even cover their
>> costs,
>> never mind actually make a profit :-( and the gut calculation about
>> their
>> customers ability to pay more, even if their competitors allowed
>> them to
>> raise prices, is the stuff of almost any price rise likely hood.
>>
>> In my opinion this inflation/deflation frenzy is more about the
>> returns to
>> investors than it is a worry to people with a rising income. The
>> only real
>> sufferers in an inflationary situation are those with truly fixed
>> incomes.
>>
>> Yes I know it is inconvenient, chopping off noughts is always
>> problematical, and it would be better if there was some stability,
>> but
>> that utopia has to await a sensible monetary system, does it not ?
>>
>> Ken.
>
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