In case you received € 0,01 into your banking account and you were directed to this text by the description, you are a beneficiary of my A Citizens Dividend program. In the unlikely event you do not want to be a beneficiary anymore, please contact me. If you did not receive € 0,01 into your banking account, you can become a beneficiary of this program.
I kick-started this program October 2017 by donating € 1.200 evenly into 12 golden pods. Each golden pod is called after a month in the year. Thus, pod January contained € 100, pod February € 100 and so forth. Each pod seeds into small business loans through modern crowdfunding. As the business is paying back on the loan as well as paying a yearly small reward for helping the business, each pod is refilled to the original volume and will harvest the rewards on top of that. Out of the refilled volume, new loans can be seeded into other small business loans. The yearly harvest within each payment is split into two parts:
- Grow the pod and thereby this program. More fortunate pods will compensate less fortunate pods, i.e. solidarity among the golden pods. All the growing pods together can seed into more small business loans over time.
- Make a yearly payment out of the pod to as much beneficiaries as possible. As a single golden pod exists for each month, together the 12 golden pods yield a monthly payment of A Citizens Dividend.
Grow the golden pods can also be achieved by anyone who wants to contribute to this program. By supplying additional donations on top of my original donation and on top of the rewards already harvested. You are invited to call upon yourself and your relations to contribute in this way. Please contact me on this.
Every citizen who owns a banking account denoting Euros in the Eurozone can become a beneficiary. It only requires full name, residence and IBAN. To make a monthly payment to as much beneficiaries as possible, the monthly payment is set to the absolute minimum of € 0,01. By this, a maximum number of beneficiaries can be reached. As the pods grow, more beneficiaries can be reached.
The objective is to perpetually reach all EU citizens each with a monthly payment of A Citizens Dividend, a payment enough to meet basic needs at least. How to reach this goal is subject to growing insights along the route.
As of yet, the golden pods are completely in my private hands and served through one of my private banking accounts. By this, no costs are involved other than a small part of my regular attention over the seeding and harvesting processes and small fees to crowdfunding platforms. I found ways to automate these processes highly while keeping good control. I expect to move the golden pods at a certain point in time out of my hands into an external controlled legal entity as soon as the total weight of the pods can bear the costs involved to meet criteria set by future donors.
This program is an implementation of a guideline as proposed by A New Deal.
You can also follow this program on Facebook.