FAQ - Question #14

     In the beginning, the monthly SSWIFT dividends will be quite small.
     According to the Social Security web site the first payment made right after the program was established was for a lump sum of only seventeen cents. Afterwards the program was reconfigured for monthly benefits and the first recipient began receiving monthly payments in 1940. She lived to be over 100 and received over $22,800 based upon the three years she paid taxes totaling less then $25.
     However, this is not a problem because SSWIFT is not being established to meet a present need, but a future one. Through the wonders of compounding the annual amounts invested and reinvested by Americans will eventually reach more then a trillion dollars on which a 12% annual dividend will be paid.
      I have proposed not paying dividends until January 2011 to allow for the growth of the first dividends to be paid. Congress may want to push this date out even further.
      I foresee an Index published daily projecting current and future dividends as well as the total value of funds invested in SSWIFT.