(Michael Bindner wrote:-) Don't get me wrong, people will take the national dividend. The resentment will come from those who still work while there are others who do not have to. This comment is more directed to another alternative - Capital Homesteading - than to social credit.
I am a big believer in some kind of direct payment for every child at a level to maintain that child at a middle class level. However, I would do this through the employer rather than the state. I am also a big believer in giving people equities - though again I would do this through the employer (and if possible with voting shares in the employing firm) rather than through a diversified fund. I would also decouple the payments for children from the stock grants so that each worker with the same tenure has the same level of voting control.
Michael Bindner
Hello Mike,
I'm afraid I disagree with the first part above. It may well be that any 'resentment' under Social Credit, if that 'policy' could ever be fully implemented, would be just the opposite. As Jessop observed earlier, those who aren't working might be the ones who are jealous of those who still are. Not so much for the 'money', but for the opportunity to better exercise individual initiative and creativity.
If you made some kind of payment for every child through an employer, wouldn't the source of that payment still have to originate in 'prices'? And if so, are we not back to trying to 're-distribute' something, 'money', that's insufficient in the first place?
I've nothing against workers owning a share in the firms that employ them. Though I seriously doubt it always makes them any 'better' workers. I have a feeling you'd find every employee is all for 'profit sharing'. But there somehow seems to be a far greater reluctance to ever personally shoulder a share of any 'loss', should one ever occur. As they seem to have a habit of doing, in all too many businesses these days. I also have some doubts whether 'voting control' vested solely in the employees will always lead to the best management, or necessarily the greatest benefits for those employees long term. A lot seems to depend on the individuals involved. I know I've seen some very successful businesses that were 'employee owned'. And a few abject failures, too.
Joe
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