Why aren't there such a thing as "Municipal Equities"?

Here's an idea: A town which needs money for capital expenditures raises money, but not via leverage. what would be the advantages and disadvantages of this? My idea envisions that owners of this "municipal stocks" would NOT pay tax, but only for people of that municipality. So there would not be taxes on dividends or capital gains.

One thing good about my idea is that this EXEMPLIFIES the 'ownership society'. Another words, the locals would own a stake from their community. They would be motivated to increase the value of their neighborhoods and all.

What do you think?

Reply to
2.7182818284590...
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You have never heard of municipal bonds that bear interest and are usually tax free?

Reply to
Rocinante
2.7182818284590... wrote

Its just a tad unlikely that you will be able to come up with a viable new idea in an area where we have been doing it for hundreds or thousands of years.

You need to rephrase that, not clear what you mean.

Presumably you mean in their community. They already do.

I cant see that what you are proposing is any different to what we have but that may just be because you havent really explained what you propose clearly.

Reply to
Rod Speed

snipped-for-privacy@gmail.com wrote

Nope, thats not only not a problem, its worked fine for millennia.

Yes.

It isnt clear that he is proposing buying equity in anything.

Reply to
Rod Speed

Hmm.

"City Of Long Beach Acquired By China in Hostile Takeover."

Citizens of the California city of Long Beach were stunned yesterday to find that from now own their tax dollars will be going to communist China. Not only that, but from now all all candidates for city council must be cleared with Beijing. "I told them this might happen, that we could be selling our freedom," said Long Beach resident Jackie Oscherow, "but no, all they cared about was ROI."

Reply to
patpowersspam

They're more into a bullet in the back of the neck, and sending the bill for the bullet to the relos.

of the sidewalk.

Bullet in the back of the neck is a lot more effective.

Reply to
Rod Speed
Reply to
2.7182818284590...

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