Unemployment Rates for February 2010 likely to hit 35% for Anderson,SC & 15% for Anderson County, SC

10 Year Unemployment Rates for Anderson, SC & Anderson County, SC

It looks like it will be a long, cold, hard winter in Anderson County, SC

“Unemployment near 30 percent in city of Anderson”
http://www.independentmail.com/news/2009/dec/01/unemployment-near-30-percent-city-anderson/

“According to figures provided by the Federal Bureau of Labor Statistics, Anderson’s preliminary unemployment rate in the city was 27.9 percent as of Sept. 30, while the county unemployment rate stood at 12.5 percent.

Since January, the city unemployment rate has averaged 27 percent, up 12 points over the 2008 average, and 15 points over the 2007 average.”

It will likely get worse.

In looking at BLS unemployment rate (UR) data for the City of Anderson and Anderson County, the Feb. 2010 UR is likely to hit 35% for Anderson and 15% for Anderson County.

This was determined from looking at UR data from 2000 through 2009; specifically, the percent change in the UR from the months of November to February, and December to February.  From December to January in the above graph, the slope of the UR consistently increases as it crosses the New Year’s Day line.

For the City of Anderson, the average UR increase from Nov. to Feb. is 35% and from Dec. to Feb. is 28%.

For the Anderson County, the average UR increase from Nov. to Feb. is 27% and from Dec. to Feb. is 22%.

The preliminary October 2009 UR for the city and county are 28.1% and 12.9%, respectively. The following, historical data suggests that the UR rates are likely to increase by approximately one-third (1/3) for Anderson city and one-fourth (1/4) for Anderson County between now and February:

Nov.-Feb. 200x UR change (%): Anderson City
200x
2001 117
2002 15
2003 7
2004 10
2005 17
2006 46
2007 8
2008 26
2009 66
AVERAGE UR% CHANGE – 35%

Dec.-Feb. 200x UR change (%): Anderson City
200x
2001 89
2002 13
2003 13
2004 12
2005 16
2006 51
2007 8
2008 14
2009 33
AVERAGE UR% CHANGE – 28%

Nov.-Feb. 200x UR change (%): Anderson County
200x
2001 119
2002 15
2003 6
2004 12
2005 17
2006 4
2007 0
2008 13
2009 56
AVERAGE UR% CHANGE – 27%
Dec.-Feb. 200x UR change (%): Anderson County
200x
2001 90
2002 13
2003 13
2004 13
2005 15
2006 7
2007 9
2008 7
2009 31
AVERAGE UR% CHANGE – 22%

Christmas shopping season will conclude and the extra retail workers will not be needed. Construction activity will slow during the dreary, winter weather. Tourism jobs take a winter break in Upstate South Carolina.

Single Page National Health Care Plan

.
Health care coverage basically boils down to four (4) questions:

Q1. Who needs it?
Q2. What do they need?
Q3. How much will it cost?
Q4. Who pays?

Instead of 1000-2000 page documents like what Congress likes to produce, a comprehensive and comprehendible starting structure for a national healthcare plan can be formatted on a couple of spreadsheets.  It would look something like the following:

SINGLE PAGE NATIONAL HEALTHCARE PLAN

(This was created from spreadsheet & not a stone tablet. Feel free to create your own.)

Q1. Who needs it?

*Gender – Female/Male
*Age – 0-12/12-18/18-25/25-40/40-65/65+

Q2. What do they need?
The U.S. Department of Health &  Human Services Centers for Medicare and Medicaide Services has published a listing of Category Definitions for National Healthcare Expenditures.
http://www.cms.hhs.gov/NationalHealthExpendData/downloads/quickref.pdf

HEALTHCARE EXPENDITURE CATEGORY
*DENTAL SERVICES
*DURABLE MEDICAL EQUIPMENT
*HOME HEALTH CARE
*HOSPITAL CARE
*NURSING HOME CARE
*OTHER PERSONAL HEALTH CARE
*OTHER PROFESSIONAL SERVICES
*OUT-OF-POCKET PAYMENTS
*PHYSICIAN AND CLINICAL SERVICES
*PRESCRIPTION DRUGS AND NON-DURABLE MEDICAL PRODUCTS
*PRIVATE HEALTH INSURANCE

Well vs. sick care
*Prevention
*Intervention

Insurance Coverage
*Insured
*Uninsured

Q3. How much will it cost?
(Fill in the blanks.)

Q4. Who pays?
(Fill in the blanks.)

To address national healthcare, or any other issue, you:

1. Insert numbers in the blank cells of the spreadsheet.

2. Sort the numbers in descending order, from biggest to smallest.

3. Make a bar chart showing the numbers from biggest to smallest.

4. Start with the biggest bar on the chart.

 

Or…..you can start with 1000-2000 page incomprehendible documents and the uncompromising arguments that accompany them.

JK

$100 Million Funding Program for Public Schools – Homework & Test Sponsorship*

Schools receive considerable sponsorship by many means, such as advertisements in the printed programs for football games.  At my son’s high school, a collection of advertising banners is hung on the fence surrounding school property.  Businesses also give rewards (e,g, fast food & pizza) to students for good grades and attendance. A car dealership in my town gives away a car to a high school student who has perfect attendance during the school year.

The tax money pie has shrunk.  It will continue to shrink.  No matter how you slice it, there is simply less tax money to go around.  So, why not raise revenues for public schools by offering sponsorship opportunities for instructional materials (e.g., homework assignment & tests)?  In addition to businesses, some parents would sponsor homework assignments or tests for their children’s classes. (See news article below.)  This would replace some of the school funding that continues to be cut from the state budgets as the money pie continues to shrink.

*Below is an example analysis showing how you might raise $100 million for South Carolina public schools from sponsorship of  homework assignments.

Potential revenues for public schools from sponsorship of instructional material such as homework assignment

http://paycheckeconomics.files.wordpress.com/2009/11/homework-sponsorship-revenues.pdf

This is based upon:

700,000 SC students X  150 homework school days = 105,000,000 total student assignment days.

105,000,000 X $0.10 per/(assignment-day) = $10,500,000

This number increases with the number of classes that a student takes, assignments given, and if the sponsorship cost is increased.

$10,500,000 x 5 assignments/day x $0.20/assignment = $105,000,000

If you object to this type of sponsorship, then consider why it would be worse than any other type of school sponsorship that schools currently receive, especially if sponsorship of instructional materials were to be allowed as a form of tax payment (taxpayer choice.)  Would you prefer to have your child’s class size increased, or to lose their teacher in the middle of the school year? As with all things in schools, guidelines would be implemented.

You can read some articles about a teacher that sells ads for tests. (Google keywords: “teacher sells ads on tests”)

This following article has an image of an ad on a test.  It is just a single line that states,”Sponsored by…”  With guidelines, this can be done in an acceptable manner for students. Children would realize that people are paying attention to them.  Children and parents need to realize and appreciate that someone else is paying for their public education.

‘Ads on tests add up for teacher’
http://www.usatoday.com/news/education/2008-12-01-test-ads_N.htm

“About two-thirds of Farber’s ads are inspirational messages underwritten by parents. Others are ads for local businesses, such as two from a structural engineering firm and one from a dentist who urges students, “Brace Yourself for a Great Semester!”

Principal Paul Robinson says reaction has been “mixed,” but he notes, “It’s not like, ‘This test is brought to you by McDonald’s or Nike.’ “

If alternative funding methods are not employed to stabilize school funding, then what else is left to do but raise taxes or just keep cutting?

ROSI – Return On Social Investment

A common business metric is Return On Investment (ROI.)  It is used to measure the money gained or lost on an investment, relative to the amount of money invested.

Addressing social pathologies requires an ongoing financial investment.  I propose that a metric be created to measure the increase or decrease in tax money that is expended on programs that address social pathologies: Return On Social Investment (ROSI.)

For example, what is the ROSI for money spent on teen pregnancy prevention and high school dropout prevention programs?  What investment is required to realize a $1 million savings to taxpayers?

If a programs has a negative ROSI, then consider another, more cost effective program.

Social pathologies represent several great costs to our nation.  These pathologies include a variety of crimes, dropping out of school, substance abuse, and various forms of physical, mental, and emotional abuse.  The costs to us all include higher tax burdens, lost workplace productivity, higher crime rates, dependency upon social programs, crowded prisons, and an overall decline in the quality of life in our communities.

There is a body of data that estimates the tax burden associated with various social pathologies.  There is also a cost of doing nothing to address them.  Prevention is usually cheaper than intervention and having to address the consequences of the problem for years.

There is also an issue with addressing the needs of our U.S veterans.  Many are homeless.  Many others who were sent into conflict must now deal with physical, mental, and emotional scars.  On the About.com US Economy blog, you can read about how the VA is addressing the needs of veterans:

$3.2 Billion Well Spent to Help Vets
http://useconomy.about.com/b/2009/11/04/3-2-billion-well-spent-to-help-vets.htm

The cost to rehabilitate 154,000 homeless veterans is $2.3 billion.  Over the life time of these veterans, what are all the types of costs that result from doing nothing to help them, who will bears all of these various costs, how much money will these costs represents, and for how many years will we bear all of these costs?

Aside from the cost of doing nothing, there is an intangible cost for not addressing the needs of these veterans.  It is a loss of national honor for not attending to those who answered the call of duty and paid a price.

I was on the state planning committee for the 2008 South Carolina Dropout Prevention Summit.  There, I heard someone suggest that if a student drops out of school, you might as well send them straight to prison because that is where so many dropouts end up, anyway. When you compare the cost of 4 years of high school to 10-20 years for incarceration, the investment in education seems a lot cheaper.

My focus on the Dropout Summit planning committee was to work with SC Dept. of Ed. staff and other state education policy makers to develop a school resource funding model that school districts could use to obtain locally funded resources for dropout prevention and other school programs.  Basically, if a business, organization, or person has budgeted or purchased a resource, and is provided with an incentive to offer that resource for public service, then taxpayers do not need to pay for it.

I developed a couple of spreadsheets to demonstrate this school resource funding concept. You can download them from the SC Dept. of Eduction website. For my example, I chose the risk factors related to teen pregnancy for which dropout prevention programs might be developed in order to help these at risk students stay in school until graduation.

http://ed.sc.gov/agency/Innovation-and-Support/Dropout-Prevention-Summit/index.html

Click on the following link at the bottom of the web page to download the spreadsheets.
Example of Dropout Risk Factor Resource Inventory and Analysis
(Anderson County Teen Pregnancy & Early Parenthood)

One spreadsheet is for tabulating a countywide inventory of resources (e.g, qualified personnel, facilities, equipment & supplies) that you would include in the budget for a dropout prevention programs.

The second spreadsheet is a resource capacity analysis.  With a comprehensive resource inventory, you can estimate how many at risk students can be helped, or not.  If there is a resource deficit, then a decision must be made whether or not to provide the resources for these at risk students to help them stay in school until graduation.  If we decide not provide the resources, them we know that they are still at risk of dropping out, and should simply quit complaining about our low high school graduation rates and the low workplace competency of our workforce.

The very useful thing about a spreadsheet is that you can change the row headings and still have the same spreadsheet.  Since public education is a government program, this funding model applies to any governement agency, and to the budget of any state, county, or local government.  You just need to pick the program that needs resources and insert the resource providers in the row headings.

All Economics Are Local

The old saw goes that “All politics are local.”  Likewise, all economics is local.  You need to look at communities to get a sense of how bad things really are.

In addition to the usual national unemployment rate data (UR), and your state, & county that your local news media report, the Bureau of Labor Statistics also reports UR data for “Cities and towns above 25,000 population.” (There are also a few other ways they slice the data.)

I culled through the preliminary, not seasonally adjusted, Sept. 2009 data for the 10 states with the highest UR. In each of these states, pulled out the town or city with the highest UR. In Michigan, two communities tied for first place with a UR of 35.2%

http://www.bls.gov/data/

On This Page: Unemployment
Local Area Unemployment Statistics (LAUS)
Area Type: Cities and towns above 25,000 population

State (%UR) / Highest UR Town or City (%UR)
Michigan (15.3) / Highland Park & Pontiac (35.2)
Nevada (13.3) / North Las Vegas (15.5)
Rhode Island (13.0) / Woonsocket (15.1)
California (12.2) / Delano (34.1)
South Carolina (11.6) / Anderson (27.9)
Oregon (11.5) / Springfield (13.9)
District of Columbia (11.4) / Washington (11.7)
Florida (11.0) / Fort Pierce (20.1)
Kentucky (10.9) / Hopkinsville (13.0)
North Carolina (10.8) / Kinston (12.9)

JK

What Is Your Fiscal Priority: Taxes, Government Services, Job Creation, or Business Growth?

To a large degree, taxes, government programs, paychecks, and business revenues all originate from the same place: your wallet.  The first step to address these issues is to prioritize them.

Below are some priority setting worksheets you can download.  They resemble the mileage charts on a road map, where you compare each item to every other item and vote between each pairing.  After completing the worksheet, you simply count up the votes.  The item with the most votes is the highest priority.

http://paycheckeconomics.files.wordpress.com/2009/10/fiscal_pizza-priority-execise.pdf

As a warm up example, imagine you are in a group that must vote on  its favorite ice cream from the following flavors:
V = Vanilla
C = Chocolate
S = Strawberry
N = Neopolitan

Here is a completed worksheet that displays the ice cream flavor preferences of my kids.

Here is a blank ice cream preference worksheet.

Now to the task at hand.  How do you rank the following fiscal issues?:
G = Maintaining Government services – budget funding
T = Lowering Taxes or not raising Taxes
J = Job Creation
B = Business Growth

(To compare Job Creation to Business Growth: You can create jobs by hiring 10 guys with shovels to dig a ditch.  Or, you can grow business revenues by investing in a backhoe, training one guy to operate it, and firing the other 9.)

What are your fiscal priorities?

An Approach to Lowering the United States Unemployment Rate 1% (on about $20/week)

IT IS NOT THE JOB THAT IS IMPORTANT TO THE ECONOMY!!

IT IS THE PAYCHECK!!

Can 200 people do enough local shopping and generate enough local economic activity to create one more job?  If so, then you have the potential to lower the unemployment rate 1%.   Click on the link below to find an analysis that demonstrates this.

United States 1% Unemployment Rate Reduction Analysis

For example, if you want to create jobs that pay $12/hour or $480/week, this factors out to about $2.00 weekly, on a per capita basis, depending on the ratio of local population to labor force.  With a retail program where 10% of the sales price of some goods or services went to locally originated, paycheck creation fund, it would require that the average person spend about $20 weekly at local businesses.

In the United States, that would create approximately 1.5 million jobs.

With this type of paycheck creation program, you can create fewer or more jobs depending on the wage you pay people.  You could actually control the number of jobs you create, within local economic parameters.

To make this happen, you would need:

• a transaction system
• a reporting system
• businesses willing to participate by offering some goods and services for this paycheck creation program
• incentives for businesses to participate
• people who are willing to shop locally
• incentives to motivate people to shop locally and create paychecks

JK

The Taxpayer Should be the Funding Source of Last Resort

The Taxpayer Should be the Funding Source of Last Resort. (This statement probably makes me the most fiscally conservative person in America.)

Consider that government collects taxes for the purpose of paying for resources required to support public services.  These resources might be considered as follows:

Personnel – the cost to employ people

Procurement of goods – the cost to purchase goods

Procurement of service – the cost to employ a person who is not an employee

Especially for procured resources, if a business, organization, or person in the community has budgeted or purchased a resource, and is offered an incentive to provide that resource for public service, and is willing to do so, then the taxpayer does not need to buy it.

In other words, the taxpayer is the funding source of last resort.

JK

Adopt Responsibility Based Budgeting To Balance the Budget

The first thing that needs to be done when crafting a government budget is to decide exactly who is actually responsible for paying for the specific resources (personnel, purchased goods, purchased services) that government spends tax money on.  Basing a budget upon assigned responsibility for funding is called Responsibility Based Budgeting.

The problem with a sales tax is that no one is obligated to purchase anything that is subject to sales tax.  When the item goes on sale, it is taxed less.  Since your name is not on the cash register receipt, this means that government services that are funded by the sales tax are effectively funded by anonymous donors.

In this depressed economy, we all simply spend less and pay less taxes. We are witnessing the defunding and destabilization of public services as a result.  Especially in schools, stability is the most important thing.  Unfortunately, for some children, the school environment is the only stable environment they have.  Changing the budget changes the scope of school activities and programs.  This results in an environment that is a less stable influence in the lives of  these children.

So, who is actually responsible for paying for public programs and resources such as public school, fire trucks, bridges, drug sniffing dogs, and child protective services?   To say the “taxpayers” are responsible is simply too vague.  Specific types of taxpayers need to be identified.

Responsibility is assigned with an assessment – a tax bill with someone’s name on it.  Assessed taxpayers include property owners, wage earners, licensed drivers, licensed businesses  etc.

The budget funding responsibility should be determined with Responsibility Based Budgeting.

And then, you offer people and businesses Taxpayer Choice in order to provide them with the best suited means to meet their tax obligations, and in a way that lowers their tax burden.

JK

Schematic Diagrams Showing How to Balance the Budget with Taxpayer Choice

It seems to me that at some point in the year, we should be able to just quit paying taxes for a period of time, and declare a tax holiday every year.  If you consider the Taxpayer to be the funding source last resort and offer Taxpayer Choice, you can.   Below is a schematic representation of how to do that.

Diagram #1 – The Status Quo.

Schematic representation of comparing budgeted revenues to budgeted expenditures.  We now have a deficit.

The Status Quo - Schematic diagram of current government budget funding model

Diagram #2 – Effectively Accelerated Revenue Collections.

Schematic representation showing Taxpayer Choice, or a variety of options for taxpayers to meet their tax obligations.

Proposed accelerated government budget funding model that will result in the stabilization of public services and allow for an annual tax holiday.

Option #1.  Government/community collaboration.

Government borrows the resources.   An example of this is the Volunteer Fire Dept. where government borrows the labor (e.g., fire fighters) to put out fires.  Another example is the Adopt-A-Highway program where government save taxpayers  $million by utilizing volunteers or prisoners to pick up roadside trash.  This reduces of eliminates the expenditure of tax money, along with the need to collect tax money.

Option #2.  Supplemental revenues from business/government partnerships.

Businesses can be charitable & generous all year long if they can make a profit from their charitable generosity.

Businesses sell goods and services, with a percentage of the proceeds applied to the budget as revenues.  An example of this is the fundraising in schools, where school children compete with local businesses because many school programs are not fully funded in the school budget, thereby undercutting the local businesses tax base.

The problem is that school programs are only partially “funded” in the budget.  Therefore, children are employed to peddle stuff to raise additional money and we call it “fundraising.”  (It all comes out of your wallet, so what is the difference?)

Since businesses have shelves full of merchandise they need to move, government should partner with their local businesses so that these businesses can make a profit.  Instead of sending tax money directly to the taxing authority, give taxpayers a choice of routing their tax payments through local businesses, with a percentage of the purchase price of goods and services being transacted to that taxpayer’s personal or business tax assessments.

Option #3.  Sponsorships.

Resources are donated to government.   If a business, organization, or person has already budgeted or purchased a resource that is suitable for public service, and is offered an incentive to provide it for public service, then tax money does not need to be spent for that resource.  In other words, the taxpayer is the funding source of last resort.

Option #4.  Status Quo

Taxpayers have the option to just keep sending their tax money to the government.

With Options 1, 2, & 3 you effectively accelerate the collection of tax revenues and achieve a budget surplus at some point in the year.  Having met budget revenue targets, government should  QUIT COLLECTING TAXES and just declare a tax holiday for the rest of the year.

Downloadable .pdf

http://paycheckeconomics.files.wordpress.com/2009/09/government-budget-funding-model_r2-09252009.pdf

JK

An Approach to Lowering the Michigan Unemployment Rate 1% (on about $20/week)

IT IS NOT THE JOB THAT IS IMPORTANT TO THE ECONOMY!!

IT IS THE PAYCHECK!!

In the state of Michigan, can 200 people do enough local shopping and generate enough local economic activity to create one more job?  If so, then Michigan has the potential to lower its unemployment rate 1%…..by shopping locally.   Below is an analysis of mostly graphs that demonstrates this.

http://paycheckeconomics.files.wordpress.com/2009/09/michigan-1-unemployment-rate-reduction-06-09_r0.pdf

For example, if you want to create jobs that pay $12/hour or $480/week, that factors out to $1.50 to $2,50 weekly, on a per capita basis, depending on the county in Michigan.  With a retail program where 10% of the sales price of some goods or services went to locally originated, paycheck creation fund, it would require that the average person spend $15 to $25 weekly at local businesses.

In Michigan, that would create approximately 50,000 jobs.

With this type of paycheck creation program, you can actually control the numbers of paychecks and jobs you create, depending on the wage you pay people.

This graphs depicts how many jobs can be created in Michigan from the sale of goods and services, on a per capital basis

To make this happen, you would need:

• a transaction system
• a reporting system
• incentives for businesses to participate
• incentives to motivate people to shop locally and create paychecks
• businesses willing to participate by offering some goods and services for this paycheck creation program

And, most importantly…….

• people who are willing to shop locally

Because, if people are note willing to shop locally, how do you create paycheck and jobs for the people who will spend them?

JK

RILOT…BILOT….AILOT… or in other words, SSILOT as a means of “Taxpayer Choice”

Swapping Spit with the Government

A lot of noise is made over the issue of school “choice.”   If you want to really reduce the tax burden on people and businesses, and help stabilize the funding of government services, then offer “Taxpayer Choice.”

When government purchases goods and services, that is an exercise in swapping spit.  Government takes tax money from its Citizens. Government then uses that tax money to purchase goods or services from a business, and subsequently pays the business.  Then, government turns right around and taxes that money back in the form of taxes.

Since an exchange of goods, services, and taxes occurs between Government and Business, the Taxpayer could just keep their money and go shopping with it.   For some goods and services, that exchange could remain strictly between Government and that supplying Business, without collecting tax money from the Taxpayer.

What is your definition of a “tax”?

Consider a “tax” to be a “resource” that government takes from the community in order to provide a “resource” to the community.  A “resource” can be money, goods, or services.

So, why not make an allowance for the taken (tax) resource and the provided resource be one and the same?  Allow businesses and citizens to pay RILOT/BILOT/AILOT as a means of satisfying their tax burden by providing Stuff-and-Services-in-lieu of Taxes (SSILOT.)

RILOT – Resources-in-lieu of Taxes

BILOT – Barter in-lieu of Taxes

AILOT – Assets in-lieu of Taxes

Retail  Value Business Tax Credits @ Wholesale Business Cost

For example, a local government agency budgets for a computer.  The budgeted expense is $1000.   Allow a local computer business to provide that computer directly to the govt. agency and receive the budgeted, $1000 tax credit that can be applied to their business tax assessment, or business fee or license.

To earn this retail value tax credit of $1000, the computer store pays the $600 wholesale value for the computer.  The $400 difference is profit that is preserved by the business.

By paying Computer-in-lieu of Taxes, the business has provided the budget resource to the government agency for use in providing public services. Therefore, Government can eliminate that expenditure from the budget, and does not need to collect tax money from every taxpayer to finance that resource.

Another example of Taxpayer Choice might be Jury-Duty-in-lieu of Taxes.  Instead of sending a Citizen a $10 dollar check as compensation for a day of jury duty, offer that Citizen the following choices:

Choice #1 – Government sends the Citizen the $10 jury duty check as usual.  Citizen cashed the check.

Choice #2 – Citizen signs the jury duty check and sends it back to Government for that $10 to be credited to the Citizen’s personal (e.g., motor vehicle or property) tax assessment.

Choice #3 – Government credits that $10 jury duty compensation directly to the Citizen’s personal (e.g., motor vehicle or property) tax assessment.

Government is not spending tax money, the Citizen has provided a needed service by performing jury duty, and every taxpayer in the community does not have to pay for it.

An Approach to Lowering the South Carolina Unemployment Rate 1% (on about $20/week)

IT IS NOT THE JOB THAT IS IMPORTANT TO THE ECONOMY!!

IT IS THE PAYCHECK!!

Can 200 people do enough local shopping and generate enough local economic activity to create one more job?  If so, then you have the potential to lower the unemployment rate 1%.   Below is an analysis of mostly graphs that demonstrates this.

For example, if you want to create jobs that pay $12/hour or $480/week, that factors out to $1.50 to $2.50 weekly, on a per capita basis, depending on the county in South Carolina.  With a retail program where 10% of the sales price of some goods or services went to locally originated, paycheck creation fund, it would require that the average person spend $15 to $25 weekly at local businesses.

In South Carolina, that would create more than 20,000 jobs.

With this type of paycheck creation program, you can create fewer or more jobs depending on the wage you pay people.  You could actually control the number of jobs you create.

http://paycheckeconomics.files.wordpress.com/2009/08/south-carolina-1-unemployment-rate-reduction-03-09_r1.pdf

To make this happen, you would need:

• a transaction system
• a reporting system
• businesses willing to participate by offering some goods and services for this paycheck creation program
• incentives for businesses to participate
• people who are willing to shop locally
• incentives to motivate people to shop locally and create paychecks

JK

It All Starts With the Paycheck.

Chicken or Egg Question:

Q: When you attempt to improve the “economy” , where do you start?

A: You start with the paycheck.

The local economy is basically the same group of people recycling the same money among themselves.  When you look at things such jobs, business revenues, taxes, and government services that exist in the local economy, you are basically talking about the same money just moving around in different ways.

JK