\nDividend System<\/span><\/b><\/p>\n
– 1. Buy shares in a corporation, From another point of view, Let’s look at another problem However, the full dividend 2. The world’s first stock was The stock dividend system has 3. The full dividend system<\/b> 4. Before analyzing the impact of Debt society<\/span><\/b> is that the whole society owes Investment society<\/span><\/b> means that private investment The full dividend system can Let us further explore the impact The full dividend system can also Of course, the above is a 5. 5.1. The full dividend system will realize 5.2. The full dividend system will realize 5.3. The full dividend system will 5.4. The full dividend system will 5.5. The full dividend system will increase 5.6. The full dividend system will help 5.7. The realization of the dividends 6. In short, to achieve the 1. <\/a>\u8d2d\u5165\u4f01\u4e1a\u7684\u80a1\u4efd\uff0c\u6210\u4e3a\u4f01\u4e1a\u7684\u80a1\u4e1c\uff0c\u5e76\u83b7\u53d6\u4e00\u5b9a\u7684\u7ecf\u6d4e\u56de\u62a5\u3002\u8fd9\u662f\u80a1\u7968\u548c\u8bc1\u5238\u5e02\u573a\u521b\u7acb\u7684\u7406\u8bba\u57fa\u7840<\/b>\uff0c\u662f\u91d1\u878d\u8bc1\u5238\u5e02\u573a\u7684\u7b2c\u4e00\u5757\u7406\u8bba\u57fa\u77f3<\/b><\/span>[1][2]<\/span><\/sup><\/span>\u3002\u7136\u800c\u73b0\u5b9e\u4e2d\uff0c\u5374\u5e76\u975e\u5982\u6b64\uff0c\u5e76\u975e\u6240\u6709\u7684\u80a1\u7968\u90fd\u80fd\u591f\u7ed9\u80a1\u7968\u6301\u6709\u8005\uff0c\u4e5f\u5c31\u662f\u80a1\u4e1c\uff0c\u4e00\u5b9a\u7684\u7ecf\u6d4e\u56de\u62a5\u3002\u7406\u8bba\u548c\u5b9e\u8df5\u5f88\u4e0d\u4e00\u81f4<\/b>\u3002\u8fd9\u5c31\u662f\u95ee\u9898\u3002<\/span><\/span><\/p>\n
\nTransforming debt society to investment society<\/span><\/b><\/p>\n![](\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEhoS_BG8GvhxpaouT-1tYXIeJxCEX5IWVI7SeUxFt2iC2cuqqqDWHDc9D0MG7AOZOqU7xBvptRRRMLxmBlK20o9QWnBogDGtGDqjTK6p3JnhiPXleV0niGhLbyoDi9GLzW7NwpAVMiO6sVwi4A5ZXEP6F1p5M4QMxUiZm5ngOov857UNJMIFhHlULTt\/s1920\/mark-804936_1920.jpg\")
<\/a><\/b><\/div>\n
\n<\/span><\/b><\/b><\/p>\n
\n<\/span><\/span><\/span><\/b>Current issues<\/span><\/b><\/p>\n
\nbecome a shareholder of the corporation, and obtain certain economic returns.
\nThis is the theoretical foundation<\/b> for the creation of the stock and
\nsecurity market, this is the first theoretical cornerstone<\/b> of the currency
\nfinance security market [1][2]<\/sup>. However, in reality, this is not the
\ncase, not all stocks can give stock holders, who are shareholders, a certain
\neconomic return. That is to say, many stocks do not pay dividends. Theory
\nand practice are very inconsistent<\/b>. That’s the problem.<\/span><\/p>\n
\ncurrencies lent to consumers by banks or financial institutions will be charged
\nwith interests, but stocks that do not pay dividends cannot obtain economic
\nreturns similar to interests, and can only be responsible for their own profits
\nand losses in market transactions. That is to say, the same currency has
\ndifferent economic properties because of different owners. This creates
\ninequity of currency. <\/b>This is also the problem.<\/span><\/p>\n
\nfrom the perspective of the world, which is the debt problem. How serious is
\nthe debt problem in countries around the world? Let’s look at it from the
\nperspective of national debts. In 2020, the average debt of American households
\nwas USD$137,063 [3]<\/sup>; in 2019, the average debt of Canadian
\nhouseholds was CAD$72,950[4]<\/sup>; in April 2020, the total debt of EU
\nhouseholds was USD$6,467.2 billion [5]<\/sup>, and the total liabilities of
\nChinese households were USD$8,051.6 billion [6]<\/sup>. Such figures are
\nenough to prove how heavy the debt burden of our people is, and our society is
\ndefinitely a debt society<\/b>. This is more of a problem.<\/span><\/p>\n
\nsystem<\/b> that I want to propose today will solve the above problems in whole
\nor in part, and gradually transform our society from debt society to investment
\nsociety.<\/span><\/p>\n
\n<\/span><\/span><\/span><\/b>The history and current situation
\nof the dividend system<\/span><\/b><\/p>\n
\nissued in the 17th century by the Dutch\u2019s East India Company<\/b> [1]<\/sup>.
\nFrom the issuance of the first stock to present, the stock exchange has a
\nhistory of nearly 400 years, which can be described as a long history.<\/span><\/p>\n
\nbeen in existence from the beginning and is the basis for the sales of stocks.
\nBut I do not know when, stock dividends are no longer a unified fundamental
\nshareholder interest. According to a 2014 survey by Mr. Dan Solin<\/b>,
\ndirector of investment advisors at Buckingham Asset Management, 39% of global
\ncompanies do not pay dividends, and 59% of small-cap companies do [7]<\/sup>.
\nOf course, while not all companies are currently paying dividends, the scale of
\nglobal dividend payouts is astonishing. According to a survey by CNBC reporter Ms.
\nHolly Ellyatt<\/b>, the global dividend in 2020 was USD$1.26 trillion and was
\nexpected to be USD$1.32 trillion <\/b>in 2021[8]<\/sup>. This is the
\nhistory and current situation of global stock dividends, of course, theory and
\npractice are obviously inconsistent.<\/span><\/p>\n
\n<\/span><\/span><\/span><\/b>Definition of full dividend system<\/span><\/b><\/p>\n
\ncan solve the three problems mentioned above, so what is the full dividend
\nsystem? The full dividend system is not a new invention, but a return to the
\nstock dividend system and the stock security theory. The full dividend
\nsystem means that all the shares of a corporation must have a dividend of not
\nless than a certain threshold (for example: 10%), which is the <\/b><\/span>dividend payout ratio <\/span><\/b>we often talk about. Of course,
\nthe basis of dividends is the profit of the corporation. Corporation includes
\nboth listed corporations and unlisted corporations.<\/span><\/b> The full dividend system will
\nhave a huge impact on our society, straighten out the economic relations of our
\nsociety, and promote the transformation of our society from a debt society to
\nan investment society.<\/span><\/p>\n
\n<\/span><\/span><\/span><\/b>Full dividend system and social
\ntransformation<\/span><\/b><\/p>\n
\nthe full dividend system on social transformation, let’s take a look at what is
\na debt society<\/b> and what is an investment society<\/b>.<\/span><\/p>\n
\ndebts, government owes debts, national owes debts, and enterprise owes debts.
\nA society with a national debt-to-income ratio of more than 50% can be called as
\na debt society<\/b>. The specific government debt ratio, enterprise debt ratio
\nand national debt ratio can be discussed further.<\/span><\/p>\n
\ncapital is relatively abundant, the citizens\u2019 participation in the economic
\ndevelopment is relatively high, and the economic synergy is relatively high.
\nThe currency financial industry obtains benefits more through investment and
\nservices for private investment. This is investment society.<\/span><\/p>\n
\neffectively promote the development of an investment society, because the full
\ndividend system can increase private investment capital. From the point of view
\nof economics, the full dividend system is a good means to improve regional
\neconomic and financial properties. The full dividend system can increase the productive
\ncurrency and reduce the consumption currency <\/b>[9]<\/sup>, thereby
\nimproving the currency yield of the whole society. For example: in 2020, the
\ntotal profit of all corporations in the United States is $2,480.094 billion
\nUS dollars<\/b>. If calculated according to the full dividend system, the new
\ninvestment available to the American society will reach $248.0094 billion US
\ndollars<\/b> every year. Of course, due to the internationalization of the stock
\nmarket, the full dividend system may be implemented on an international scale,
\nand the annual new investment available to the American society may be higher
\nthan the above figure. This is the role of the full dividend system in
\npromoting the transformation of our society to the investment society.<\/span><\/p>\n
\nof the full dividend system on social transformation. Taking the United States
\nas an example, if 70%<\/b> of the new investment brought by the full dividend
\nsystem is reinvested in the financial security market every year, 10%<\/b> is
\nused for industrial investment, 10%<\/b> is used for the general consumer
\nmarket; then, the total assets of the US financial market will increase by $148.926
\nbillion US dollars<\/b> every year. U.S. venture capital will increase by $24.801
\nbillion<\/b> US dollars<\/b> every year.<\/span><\/p>\n
\npartially promote the elimination of national debts. Because not every citizen
\nis a holder of shares, or is a shareholder. For example, in the United States,
\nonly about 52%<\/b> of adults invest in the stock market [10]<\/sup>. But
\neven so, the effect of the full dividend system on national debt reduction shall
\nbe obvious and important. In terms of corporate debt reduction, most companies
\nown stocks of different listed companies, so the effect of the full dividend
\nsystem on corporate debt reduction shall also be obvious and important. If 10%<\/b>
\nof the new investment brought by the full dividend system is used to reduce
\ndebt every year, the private debt of the United States will be reduced by $24.801
\nbillion US dollars<\/b> every year.<\/span><\/p>\n
\ntheoretical estimate of the private investment capital generated by the full
\ndividend system based on the designed minimum dividend threshold. <\/span>If we want to know exactly the new private investment
\ncapital generated by the full dividend system in reality, we need more profit
\ndata of incorporated<\/span>
\n<\/span>companies that do
\nnot pay dividends. Given the length of this article, here we can simply make a
\nrough estimate based on the survey research conducted by Mr. Dan Solin<\/b>
\nin 2014 [7]<\/sup>. Assuming that about 40% of listed companies<\/b> in
\nthe world do not pay dividends, after the implementation of the full dividend
\nsystem, these 40% of listed companies will pay dividends with a dividend payout
\nratio of 10% or more, taking the estimated total dividends of $1.32 trillion
\nUS dollars<\/b> in 2021[8]<\/sup> as the base to estimate, then the new increased
\ndividends (private investment capital) may be about $880 billion US dollars <\/b>every
\nyear. This is the possible scale of the actual increasements in private
\ninvestment capital after implementing the full dividend system.<\/span><\/p>\n
\n<\/span><\/span><\/span><\/b>The significance of the full
\ndividend system<\/span><\/b><\/p>\n
\n<\/span><\/span><\/span><\/b>Significance in Economic Theory<\/span><\/b><\/p>\n
\nthe consistency between the theory and practice of stock securities.<\/span><\/p>\n
\n<\/span><\/span><\/span><\/b>Significance in sociological theory<\/span><\/b><\/p>\n
\nthe <\/span>equality<\/span>
\nof the currency.<\/span><\/p>\n
\n<\/span><\/span><\/span><\/b>Significance of social
\ntransformation<\/span><\/b><\/p>\n
\npromote the transformation of our society from debt society to investment
\nsociety.<\/span><\/p>\n
\n<\/span><\/span><\/span><\/b>Significance of the development of
\nthe financial industry<\/span><\/b><\/p>\n
\npromote the development of the financial investment industry greatly.<\/span><\/p>\n
\n<\/span><\/span><\/span><\/b>Significance of economic
\ndevelopment<\/span><\/b><\/p>\n
\nthe total investment capital of the society, which will strengthen the
\nfinancing capacity of enterprises and promote social entrepreneurship and
\nenterprise development.<\/span><\/p>\n
\n<\/span><\/span><\/span><\/b>Significance of social integration<\/span><\/b><\/p>\n
\nto strengthen social cohesion and corporate cohesion. The full dividend system
\ncan enhance the profit motivation of entrepreneurs, make the employees who hold
\nshares in the enterprise pay more attention to the development and profit of
\nthe enterprise, and drive all employees to pay attention to the development of
\nthe enterprise and put them into action, so that the cohesion of the enterprise
\nwill be enhanced. The enhanced cohesion of enterprises will also promote the
\nenhancement of the cohesion of the whole society.<\/span><\/p>\n
\n<\/span><\/span><\/span><\/b>Significance of government taxation<\/span><\/b><\/p>\n
\nof the full dividend system will also partially increase the government’s tax
\nrevenue.<\/span><\/p>\n
\n<\/span><\/span><\/span><\/b>Summary<\/span><\/b><\/p>\n
\nconsistency of the theory and practice of stock securities, realize the equality
\nof currency, and realize the transformation of our society from debt-oriented
\nto investment-oriented, the full dividend system is a better policy tool<\/b>.
\nAn investment society is a beautiful society with good financial property. Of
\ncourse, the full dividend system is only a policy tool for social
\ntransformation, and the government and the financial industry need to launch
\nmore investment policies or products.<\/span><\/p>\n
\n<\/span><\/span><\/span><\/b>\u73b0\u65f6\u7684\u95ee\u9898<\/span><\/b><\/b><\/p>\n