The Social Dividend is one of three principles that comprise the Social Credit monetary reform which is the topic of the enclosed booklet. The Social Dividend is an income granted to each citizen from cradle to grave, without condition, regardless of employment status. It is not an egalitarian measure as those who are employed would continue to receive their salary plus receive the Dividend. Receiving a Social Dividend only makes sense in relation to two other principles of Economic Democracy:
1. New credit belongs to society, not to private companies (the chartered banks), and must be created by a body established by government, a National Credit Office. In fact, money draws its value from the country’s productive capacity, based on the existence of natural resources and the presence of workers who are willing to develop these resources. The Dividend would not be financed through taxes, but by society issuing new interest-free credits.
2. The other precept of Economic Democracy is called the “Compensated Discount”. This is a discount on consumer prices for which retailers would be compensated, thus preventing prices from increasing and thereby preventing inflation.
When we hear the term dividends it is usually in the context of the owner of company shares who receives a portion of annual profits in the form of a ‘dividend’. It can truly be said that each citizen of a country, i.e. each member of society, is a co-heir and co-capitalist and the owner of a tremendously real and productive capital: the natural resources of a nation and the inventions of past generations.
All human beings are, in an equal way, heirs to this huge capital that keeps increasing and each person has a right to a portion of its fruits. The employed have a right to their salary and to the Social Dividend. Others, who do not receive a salary, are entitled to a Dividend. We say the Dividend is ‘social’ since it is derived from a shared capital.
Louis Even wrote many articles on the Dividend over a 35-year period. Mrs. Lise Rodrigue-Fournier, a distinguished Pilgrim of Saint Michael, has summarized some of these articles and gathered them into the booklet that follows. You will find a Table of Contents below. Happy reading. v
Alain Pilote
(For the impact of the Social Dividend on the environment, see the article Social Credit Can Dramatically Reduce the Waste of Resources in our August-September, 2018 issue.)
In this special issue of the journal, MICHAEL, the reader will discover who are the true rulers of the world. We discuss that the current monetary system is a mechanism to control populations. The reader will come to understand that "crises" are created and that when governments attempt to get out of the grip of financial tyranny wars are waged.
An Efficient Financial System, written by Louis Even, is for the reader who has some understanding of the Douglas Social Credit monetary reform principles. Technical aspects and applications are discussed in short chapters dedicated to the three propositions, how equilibrium between prices and purchasing power can be achieved, the financing of private and public production, how a Social Dividend would be financed, and, finally, what would become of taxes under a Douglas Social Credit economy. Study this publication to better grasp the practical application of Douglas' work. 
Reflections of African bishops and priests after our weeks of study in Rougemont, Canada, on Economic Democracy, 2008-2018
The Social Dividend is one of three principles that comprise the Social Credit monetary reform which is the topic of this booklet. The Social Dividend is an income granted to each citizen from cradle to grave, with- out condition, regardless of employment status.
Economic Democracy is a book to explain Social Credit in lessons presented in logical order so it may be easier to the reader to grab the main principles of Social Credit rapidly and somehow easily.
In This Age of Plenty deals with Social Credit, but it does not exhaust the topic. Social Credit principles address social and political matters, as well as, or even more so, than economics and will put civilization on a new course.
From Debt to Prosperity outlines briefly the economic analysis and constructive proposals known as Social Credit.
Rougemont Quebec Monthly Meetings
Every 4th Sunday of every month, a monthly meeting is held in Rougemont.
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