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
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?
- posted 11 years ago