THE PEOPLE'S CHOICE DIVIDEND
PARTICIPATORY PROSPERITY
“I am who I am because of who we all are”
DEMOCRACY AT WORK
People know more than anyone else what their neighborhoods really need. For this reason, The African Federal Government will create the People's Choice Dividend. The Dividend will offer an opportunity to the residents of each city to directly invest in their city's areas of need.
Step 1
3% of every sale made on the African continent will be collected and placed into the People's Choice Dividend account.
Step 2
Every month the funds collected are divided by the number of cities and equally divided among the eligible city's residents.
Step 3
The inhabitants of each city will vote online selecting how the funds should be used among the pool of projects presented on the People's Choice crowdfunding platform.
Step 4
Voting - The citizen-resident of each city will receive 3 vouchers of equal amount. Each voucher will fund a portion of a project of their choice on the People's Choice Crowdfunding Platform. Projects that were not fully funded were on the priority list for the next round of funding.
"It is easier to build strong children than to repair broken men"
- Frederick Douglass
PROJECTS POLL
The Projects funded must meet a list of criteria drafted to promote community prosperity, economic development, private entrepreneurship, and personal growth.
– Five percent (5%) of the funds collected for the People’s Choice Dividend is used to run the program.
– Cooperative Business Model proposals: all the employees of the company must be owners and share the profits.
– Ninety percent (90%) of the Projects must be income generating activities.
– Funding priority will be given to projects improving our natural ecosystem or integrating a sustainable pattern.
– Platform for project submission and criteria.
– Inventors and Innovations.
ELIGIBILITY
To participate in this city's development experience, the children of Africa must meet all the criteria of eligibility. Participating in this experience can also be a great opportunity to incentivize good citizenship by putting an emphasizing on a carefully selected set of eligibility criteria.
– Must be an African citizen to participate.
– Project Owners must reside in the city (with proof of address).
– Funders must reside in the city (with proof of address).
– Funders and Project Owners must be taxpayers in good standing.
WINNING THE BIDS + CROWDFUNDING
The platform and necessary infrastructures needed to establish the program will drown from the reserve collected during the first year of the program.
– A crowdfunding platform will be deployed, so the citizen can (1) publish their Projects and (2) Fund the Projects in which they see a particular potential to generate income and positively impact the society.
– The Projects with the most votes will be funded.
– You will fund 4 projects and each project cannot receive more that 25% of your funding Dividend.
– You have the right to fund your own Project.
– Anyone who doesn’t vote by the deadline will have his voucher of that period sent to the General Funds of the People’s Choice Dividend. The funds in that sub-pool will be used to support and maintain the Mesh Network (Open Internet Highway) in the city.
PROFIT SHARING
Each year, the citizen will receive a dividend from any profitable project he invested in. Thus, the true benefits of Capitalism + Democracy will be experienced, shared and felt by an overwhelming majority of the children of Africa.
– Profit collected from the projects funded will be used to fund new ones.
– The funds invested in a profit generating business will grant The People’s Choice Dividend the rights to take a stake in the company.
– Fifty percent (50%) of the profit generated when a project is successful will be distributed among all the project backers (shareholders).
