Comments for It is Dead!? at http://mydl.itweb.co.za , comment 1 to 2 out of 2 comments http://mydl.itweb.co.za Thu, 23 May 2013 19:42:34 +0100 FeedCreator 1.7.3 http://mydl.itweb.co.za/index.php?option=com_myblog&show=money-is-it-fait-accompli.html&Itemid=0#comment-84867 In all my reading, I have come across some alternatives to what we have presently i.e. (http://jawellnofine.wordpress.com/2011/02/08/the-poor-be-damned/) 1) The National Dividend. This was invented by engineer C. H. Douglas and has been revived by Ezra Pound and designer Buckminster Fuller. The basic idea is that every citizen should be declared a shareholder in the nation, and should receive dividends on the Gross National Product for the year. 2) The Guaranteed Annual Income. This has been encouraged by economist Robert Theobald and others. The government would simply establish an income level above the poverty line and guarantee that no citizen would receive less. This plan would cost the government less than the present welfare systems, with all its bureaucratic red tape and redundancy factors. 3) The Negative Income Tax. This was first devised by Nobel economist Milton Friedman. The Negative Income Tax would establish a minimum income for every citizen; anyone whose income fell below that level would receive the amount necessary to bring them up to that standard. Again this would cost “the government” less than the present welfare systems. It would also dispense with the last tinge of humiliation associated with government “charity,” since when you cashed a check from IRS nobody would know if it was supplementary income or a refund. But the above article was not proposing any solutions, only warning that all is not well in the land of capitalism. - Jawellnofine Tue, 15 Nov 2011 17:05:31 +0100 http://mydl.itweb.co.za/index.php?option=com_myblog&show=money-is-it-fait-accompli.html&Itemid=0#comment-84866 And what do you propose we change to? It is all well and good to diss Capitalism, but what is the alternative? I saw a rather good American cartoon of a hippy type at the Occupy Wall street sing this parody of Give Peace a Change. All we are just saying is give.. communist style repression and stasis.. a chance." I would gladly support change if someone could come up with a workable solution that works for everyone. No one, especially those occupying Wall Street, have one. - RIC007GP Tue, 15 Nov 2011 16:19:17 +0100