The obverse of shares. At Washington-on-the-Brazos--where Texas' Declaration of Independence was signed, is a small museum. In that museum, framed on a wall, is a share of the original township which was issued by the city fathers to its citizens. The shares circulated as money in this pioneer community. That such shares can circulate as money does not validate the "chartalist" argument that all money derives from "state" money. Many other forms of money circulated along side the shares. Government is in fact merely a special form of corporation beneficially owned by all of its citizens. Once this is realized, increasing dividends will be paid as a right of citizenship. Taxes will be retained, not for revenue, but to maintain the cost structure of production and hence the price structure in free markets. For a prototype of how such a system might work, see http://www.apfc.org/dividends.cfm The Alaska Permanent Fund, which for 1998 sent to every man, woman and child resident of the state each a dividend check in the amount of $1540.88. From: "Harry Veeder" <[EMAIL PROTECTED]> Reply-To: [EMAIL PROTECTED] To: POST-KEYNESIAN THOUGHT <[EMAIL PROTECTED]> Subject: Re: Marx's law (?) of the falling profit rate Date: Sun, 15 Aug 1999 23:00:57 +0100 ---------- >From: "William B. Ryan" <[EMAIL PROTECTED]> >To: POST-KEYNESIAN THOUGHT <[EMAIL PROTECTED]> >Subject: Re: Marx's law (?) of the falling profit rate >Date: Mon, Aug 16, 1999, 2:58 am > >A more complete model would indeed include government, which is in >reality merely a special type of firm that for the most part does not >sell its products and services, but distributes them in kind. > >The firms sector--if we include government--pays wages, salaries and >dividends to consumers in the course of production. Government >monetary subsidies would be subsumed within the more general category >of dividends. > >Firms, including government, sell goods, services and securities to >consumers--or collect assessments in the form of taxes. Just a thought... Are taxes like mandatory shares in government inc.? harry Veeder _______________________________________________________________ Get Free Email and Do More On The Web. Visit http://www.msn.com
