Humble Dogs

That they might see with their eyes, hear with their ears, understand with their hearts. Matthew 13:15b

Dollar Cycle

There is an old saying, Money is made round to go round. That is no longer the adage. A dollar spent at a locally owned and operated business using local services and selling local products where possible, will cycle in the community approximately seven times, buying more locally produced products and services, paying local wages, paying local taxes, paying for community services. Everyone in the community benefits and more community services can operate effectively and efficiently within budget. There is less unemployment and better paid employment.

Alas, in reality, people tend to spend their dollars at national or even international outlets where, the prices are less but, where the over half the dollar is skimmed off the top leaving the dollar to cycle only, on average, 3 times in the community. Generally the wages are lower, meaning less taxes are paid. The goods and services they offer are mostly imported, jobs and profits leave the country. The footage per retail is condensed leaving less local taxes collected by the community. Whenever a retail giant moves in to a community they will brag about how many people they will employ. In reality, the overall employment level drops as they force local merchants out of business. Local taxes have to increase to compensate for the losses.

Multinational and international retail giants are a lose, lose, lose reality. A loss for the community, a loss for the country and a loss for the tax payer.

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