On Mon, May 10, 2010 at 1:36 PM, Onno Meyer <[email protected]> wrote:
> D > The more I think about it, the less I understand it :-) > > Is it possible to sell "the one share" which provides the > basic entitlements, perhaps while or after emigrating? If > so, all sorts of weird schemes and situations become > possible (see below). If not, there are two fundamentally > different types of share: > Yes, you can sell shares. They're quite expensive (because the price is the current value of the income stream, which is substantial.), and if you can find someone willing to lend you the money to buy one, you could mortgage a share as you suggest a bit later on. One problem is that non-individuals aren't allowed to own shares of the junction corporation, so you need to find an individual who's willing to lend you money. > * The first type is created when a potential citizen is > born, first "held in trust" (who gets dividends and > voting rights on those, BTW?) and then held by that > citizen, until it is destroyed at death. Not really > a share, more a (non-transferable) social security > entitlements package. > > the shares of children are held by the state. (There is an actual state here, but it hires the junction corporation to do most of the things that you expect the state to do. The state collects the dividends, which it pays the corporation... There's a reason for the sort-of separation, which is in the two civil wars that Junction has fought, and not terribly interesting.) This keeps your parents from selling it, and selling you into slavery. There are similar provision for dealing with the small numbers of people that aren't competent to run their own affairs. > * What happens if a citizen/shareholder leaves the > share (and voting rights?) with a partner and then > leaves the system, never to return? Does the share > get destroyed at some time, or will it remain a > graveyard share forever? > > They need to contact the dividend office to arrange the receipt of their money from time to time. Failure to do so will eventually cause the dividend office to decide you're dead, and execute your will. > * The second type can be earned by civic service, then > traded freely. It pays a dividend in both money and > other entitlements, which could be translated as a > minimum dividend with built-in insurance to cover > medical and education bills. Notably, the insurance > premium does not depend on the risk, which is quite > unusual for true free market economies. > medical care, as a fraction of per-capita income, is much cheaper at TL10 than it is in the 21st century. > > * Assuming a constant citizen population, the number > of shares goes up with every generation, since there > are new shares with each crop of national service > graduates. Either profits go up year after year, or > the value of basic shares goes down. > > * Also, if a large block of second-type shares comes > to the market (an investor reconsiders, say), a real > lot of people could buy residency at the same time. > Yes, and people do buy them. but non-citizens don't get to vote their shares. > > * Does the state get to 'veto' the residency for > undesirable buy-in shareholders, or can one literally > buy oneself into residency? (What are the extradition > treaties for non-citizen residents, BTW?) > > Junction is not a party to any extradition treaty. They'll extradite people, if they feel like it, if they like the polity requesting the extradition, or they polity requesting the extradition is paying enough. Non-citizen residents have only limited access to the legal system; if they're convicted of a crime, they're deported, at their own expense. If the criminal can't find someone willing to accept him, or can't afford the ticket to get there, they get to walk. > * Do you have to own your residency share clear and > free, or is it possible to purchase it and then > mortgage it as collateral for the original purchase > price? > > If the two kinds of shares are the same, such strange > things get ever easier. > _______________________________________________ > GurpsNet-L mailing list <[email protected]> > http://mail.sjgames.com/mailman/listinfo/gurpsnet-l > -- David Scheidt [email protected] _______________________________________________ GurpsNet-L mailing list <[email protected]> http://mail.sjgames.com/mailman/listinfo/gurpsnet-l
