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|From: Gordon (weilepivax.epi.umn.edu)|
|Date: 25 Feb 1994 10:58:45 -0600 (CST)|
Andre G. writes, > > LETS sounds to me like a way of avoiding taxes. Ordinarily, if I pay > Bob to build a garage for my house, and Bob pays me to set up an > accounting system for his construction business, then that's taxable > income for us both. If we're exchanging imaginary "credits" instead > of "real money," I suppose it's a different question. No doubt the > government will find a way to get its cut eventually, however. > It may be implemented for that reason, but another reason for LETS is that it promotes a self-sustaining economy, develops local skills, and prevents the loss of money from the community. Everyone works together because their credits don't count in the outside world. It's a carrot-stick system for promoting community. The St Croix Valley Greens are implementing a LETS system among their members. - Gordon Weil
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