|Subject:||Fwd: [socialcredit] Alaska Dividend System Origin|
|Date:||Saturday, March 28, 2009 02:09:42 (-0600)|
|From:||Wallace Klinck <wmklinck @....ca>
|In reply to:||Message 6510 (written by Wallace Klinck)|
|Sorry--I should have said Peter Lougheed's Conservatives were elected in Alberta in 1971, not 1975. Corrected below.|
Begin forwarded message:
Date: March 28, 2009 2:05:41 AM MDT (CA)
Subject: Re: [socialcredit] Alaska Dividend System Origin
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 (sic--should be 1971)--the Government apparently preferring to spend the money to further its own policies rather than extending that choice to the citizens of Alberta.
On 27-Mar-09, at 3:51 PM, Larry Heather wrote:
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.
----- Original Message ----- From: "Kenneth Palmerton" <firstname.lastname@example.org>
Sent: Friday, March 27, 2009 7:49 AM
Subject: Re: [socialcredit] Re: depreciation
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 ?
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