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X receives therefore a fraction of the dividend c / N which means that his ratio of personal monetary “gain” is:", "id": 6218, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6218/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4397/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.192008Z", "action": 59, "target": "", "id": 6219, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6219/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4399/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.192111Z", "action": 59, "target": "So:", "id": 6220, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6220/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4401/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.192218Z", "action": 59, "target": "", "id": 6221, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6221/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4403/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.192323Z", "action": 59, "target": "And thus:", "id": 6222, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6222/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4405/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.192432Z", "action": 59, "target": "", "id": 6223, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6223/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4407/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.192539Z", "action": 59, "target": "That means that his ratio of personal gain G will be greater than c if he owns less than M/N of money, it will be equal to c if he owns exactly M/N money, and less than c if he owns more than 1/N of money.", "id": 6224, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6224/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4409/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.192656Z", "action": 59, "target": "It therefore depends on the currently owned quantity of money that one can estimate to benefit or not in monetary terms.", "id": 6225, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6225/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4411/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.192765Z", "action": 59, "target": "**Numeric example:** A owns 50, B owns 200, there are other individuals in this monetary community and the money supply is 1000, for a community of ten members. Let us assume a life expectancy such that the UD is 5% per year.", "id": 6226, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6226/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4413/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.192870Z", "action": 59, "target": "The Annual Universal Dividend allocated to anyone will be 5% × 1000 / 10 = 5. A will have then 55, and B 205. Locally, A has benefited of 5/50 = 10% of additional money, instead of 50 / 1000 = 5% and B owns 205 / 1050 = 19.52% of the money supply compared to 200 / 1000 = 20% before the distribution. B has seen his share of money reduced because he owned before the distribution more than 1000 / 10 = 100 of money, whereas for A, under the average, the opposite happens.", "id": 6227, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6227/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4415/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.192993Z", "action": 59, "target": "However, if X owns more than M/N of money, which is more than the average, the money supply that he doesn't own will be, on average, per individual, mechanically less than M/N, so the prices adjusted downward due to local deflation.", "id": 6228, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6228/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4417/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.193100Z", "action": 59, "target": "Thus, although his quantity of relative money won't grow as fast as the global mass, he can benefit from lower prices. In addition, if he owns less than M/N of money, the prices could have a tendency to increase for the opposite reason, and what was won relatively to the money will be lost relatively to the values.", "id": 6229, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6229/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4419/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.193218Z", "action": 59, "target": "*Graphical example with three individuals,\nhaving a monetary distribution of 300,\nbefore Universal Dividend, then after.\nThe evolution of their relative situation is different depending on the relative share of money owned by each of them.*", "id": 6230, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6230/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4421/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.193341Z", "action": 59, "target": "In relative theory where analysis includes the relation between parts and the whole, Local + Non-Local = Global. This means that everything chosen individually has an opposite effect on the rest of the economy. If the money is hoarded, it is a force that tends to lower prices where the money becomes scarce, and if the money flows, it has an effect which tends to raise them (at constant levels of production, excluding innovation. Innovation prevents the comparison in time, cf. the principle of relativity).", "id": 6231, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6231/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4423/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.193450Z", "action": 59, "target": "Finally, value is obviously not money. The value for which X can aim for, includes the goods he owns, which includes admittedly the money, but also the goods he could buy with his money, as well as the money he could get by selling his goods.", "id": 6232, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6232/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4425/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.193557Z", "action": 59, "target": "Thus, the arbitration that X can make could depend only on his personal choices about the quantity of money he wants to include in his goods or not, the good he wants to hold, sell, or buy, and certainly not only the quantity of money he owns. Moreover, in an innovative economy where the members are encouraged to create new goods and services, what will be value tomorrow is to a large extent totally unpredictable.", "id": 6233, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6233/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4427/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.193677Z", "action": 59, "target": "*But furthermore, before and after the distribution of a Universal Dividend, prices of the non-monetary goods can evolve too. There is, thus, no possible, simple and generalizable conclusions about the monetary distribution, if only that it is not favorable nor unfavorable for all, all the time, but its beneficial effect or not depends on the concerned individual and how the monetary surplus will be distributed on one hand, and used by the individuals on the other hand.*", "id": 6234, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6234/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4429/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.193800Z", "action": 59, "target": "Also there is no certainty possible about what should be done in order to “protect” one's capital, which is also here a purely relative value (“Le Douanier Rousseau” - TN: a French painter who died in poverty but whose paintings are now worth a fortune - would be surprised to know the estimation of his capital carried out in 2010, and Maxwell even more if he still owned “intellectual property rights” on his fabulous theory on electromagnetism).", "id": 6235, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6235/?format=api" }, { "unit": "https://weblate.duniter.org/api/units/4431/?format=api", "component": "https://weblate.duniter.org/api/components/trm/considerations-generales/?format=api", "translation": "https://weblate.duniter.org/api/translations/trm/considerations-generales/en_US/?format=api", "user": null, "author": null, "timestamp": "2023-01-27T13:01:42.193916Z", "action": 59, "target": "Moreover the Universal Dividend is without absolutely no prejudice, in terms of personal gains or loss, regarding “value”. It is the individual choices which determine the impact of the money supply's increase on the individual basket of values.", "id": 6236, "action_name": "String updated in the repository", "url": "https://weblate.duniter.org/api/changes/6236/?format=api" } ] }