[Josh Martin]

Heydorn writes from the perspective of those enamored with the idea of a Social Credit proposal for a National Dividend.  In this blog post he outlines the differences between such a dividend and a basic income.  First, he acknowledges the structural differences.  While a basic income is fixed at a level, the dividend would be fixed to productivity: no productivity, no dividend.  Secondly, he claims that the purpose of the basic income is to achieve full employment, while the dividend is supposed to encourage leisure.  Lastly, Heydorn says a basic income would be financed through currently in place means, but a dividend should be issued by a newly created National Credit Office.  For these reasons M. Olver Heydorn argues that those in favor of the Social Credit should hesitate to support a basic income and should instead seek to convince basic income supporters to join them instead.

M. Oliver Heydorn, “The (Big!) Difference Between a ‘Basic Income’ and the National Dividend”, Socred.org, 30 October 2014.