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Just wondering what people think about a true LOCAL Free Market Economy?
My idea is: Use a large empty store front (God knows we have enough now...). Set up a non-profit org to buy/run the building. Set up booth spaces inside. Rent those booths out to small local or personal business. Like an indoor swap-meet. Climate controlled, and safer. It would help small business grow, and support the local economy, and if people can get their small business to grow, it will create local jobs and bring in local money.
Why non-profit? Because most small/personal/home business people can't afford $25sqft store space rent. Keep it as affordable for the people renting the booths as possible.

The other prob is the govt taxes/regulates/licenses/ etc most small businesses out of business. Which is why mom and pop stores are disappearing fast. Yes, I know the govt needs to be involved with interstate and inter-country commerce as a necessity. But why does my neighbor down the street need all that if they want to sell canned goods from their garden to others in town as a small business?

#smallbusiness #market #economy #freemarket #local #taxes #government #regulations #business #madeyoulook

Local Free Market economy

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pettclan 5 June 23
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0

If they sold food items I would want the to conform to food hygene regulations. Other than that let them form a stall holders association to regulate themselves to prevent rip off artists joining and giving the market a bad name.

The UK used to have many such markets (open air and indoor) but the Local Authorities did not like them. Neither did the local shops as the market stall holder fees were low and they paid no property taxes. The Local authorities gradually made life for the markets more and more difficult and so slowly strangled many many markets.

1

We here in rural America have always had a "local" economy. It's a, more or less, cash/barter system. I've used this system since I was a kid and we never even thought about the government.

2

I'm very much in favor of Farmers Markets and Flea Markets... But the govt hates them. It's hard to trace buying and selling if transactions are carried out in cash. And like a garage sale, there may be no sales tax to collect.

The state and federal governments hate it... So I love the idea!

1

If it is actually a free market, then government is one of the markets. I don't know why this is so hard for people to grasp, other than the fact that people are born into a big pile of lies, and a constant assault of lies from birth.

2 examples may suffice, and then another 2 examples may help bring home the conceptualization of actual free markets (or not):

A.
"It was a principle of the Common Law, as it is of the law of nature, and of common sense, that no man can be taxed without his personal consent. The Common Law knew nothing of that system, which now prevails in England, of assuming a man’s own consent to be taxed, because some pretended representative, whom he never authorized to act for him, has taken it upon himself to consent that he may be taxed. That is one of the many frauds on the Common Law, and the English constitution, which have been introduced since Magna Carta. Having finally established itself in England, it has been stupidly and servilely copied and submitted to in the United States.

"If the trial by jury were reëstablished, the Common Law principle of taxation would be reëstablished with it; for it is not to be supposed that juries would enforce a tax upon an individual which he had never agreed to pay. Taxation without consent is as plainly robbery, when enforced against one man, as when enforced against millions; and it is not to be imagined that juries could be blind to so self-evident a principle. Taking a man’s money without his consent, is also as much robbery, when it is done by millions of men, acting in concert, and calling themselves a government, as when it is done by a single individual, acting on his own responsibility, and calling himself a highwayman. Neither the numbers engaged in the act, nor the different characters they assume as a cover for the act, alter the nature of the act itself.

"If the government can take a man’s money without his consent, there is no limit to the additional tyranny it may practise upon him; for, with his money, it can hire soldiers to stand over him, keep him in subjection, plunder him at discretion, and kill him if he resists. And governments always will do this, as they everywhere and always have done it, except where the Common Law principle has been established. It is therefore a first principle, a very sine qua non of political freedom, that a man can be taxed only by his personal consent. And the establishment of this principle, with trial by jury, insures freedom of course; because:

"1. No man would pay his money unless he had first contracted for such a government as he was willing to support; and,

"2. Unless the government then kept itself within the terms of its contract, juries would not enforce the payment of the tax. Besides, the agreement to be taxed would probably be entered into but for a year at a time. If, in that year, the government proved itself either inefficient or tyrannical, to any serious degree, the contract would not be renewed.

"The dissatisfied parties, if sufficiently numerous for a new organization, would form themselves into a separate association for mutual protection. If not sufficiently numerous for that purpose, those who were conscientious would forego all governmental protection, rather than contribute to the support of a government which they deemed unjust.

"All legitimate government is a mutual insurance company, voluntarily agreed upon by the parties to it, for the protection of their rights against wrong-doers. In its voluntary character it is precisely similar to an association for mutual protection against fire or shipwreck. Before a man will join an association for these latter purposes, and pay the premium for being insured, he will, if he be a man of sense, look at the articles of the association; see what the company promises to do; what it is likely to do; and what are the rates of insurance. If he be satisfied on all these points, he will become a member, pay his premium for a year, and then hold the company to its contract. If the conduct of the company prove unsatisfactory, he will let his policy expire at the end of the year for which he has paid; will decline to pay any further premiums, and either seek insurance elsewhere, or take his own risk without any insurance. And as men act in the insurance of their ships and dwellings, they would act in the insurance of their properties, liberties and lives, in the political association, or government.

"The political insurance company, or government, have no more right, in nature or reason, to assume a man’s consent to be protected by them, and to be taxed for that protection, when he has given no actual consent, than a fire or marine insurance company have to assume a man’s consent to be protected by them, and to pay the premium, when his actual consent has never been given. To take a man’s property without his consent is robbery; and to assume his consent, where no actual consent is given, makes the taking none the less robbery. If it did, the highwayman has the same right to assume a man’s consent to part with his purse, that any other man, or body of men, can have. And his assumption would afford as much moral justification for his robbery as does a like assumption, on the part of the government, for taking a man’s property without his consent. The government’s pretence of protecting him, as an equivalent for the taxation, affords no justification. It is for himself to decide whether he desires such protection as the government offers him. If he do not desire it, or do not bargain for it, the government has no more right than any other insurance company to impose it upon him, or make him pay for it.

"Trial by the country, and no taxation without consent, were the two pillars of English liberty, (when England had any liberty,) and the first principles of the Common Law. They mutually sustain each other; and neither can stand without the other. Without both, no people have any guaranty for their freedom; with both, no people can be otherwise than free."
Lysander Spooner, Essay on The Trial by Jury

There it is FREE MARKETS.

B.
Reclaiming the American Revolution: The Kentucky and Virginia Resolutions and Their Legacy
by William Watkins

"Second, federalism permits the states to operate as laboratories of democracy-to experiment with various policies and Programs. For example, if Tennessee wanted to provide a state-run health system for its citizens, the other 49 states could observe the effects of this venture on Tennessee's economy, the quality of care provided, and the overall cost of health care. If the plan proved to be efficacious other states might choose to emulate it, or adopt a plan taking into account any problems surfacing in Tennessee. If the plan proved to be a disastrous intervention, the other 49 could decide to leave the provision of medical care to the private sector. With national plans and programs, the national officials simply roll the dice for all 284 million people of the United States and hope they get things right.

"Experimentation in policymaking also encourages a healthy competition among units of government and allows the people to vote with their feet should they find a law of policy detrimental to their interests. Using again the state-run health system as an example, if a citizen of Tennessee was unhappy with Tennessee's meddling with the provisions of health care, the citizen could move to a neighboring state. Reallocation to a state like North Carolina, with a similar culture and climate, would not be a dramatic shift and would be a viable option. Moreover, if enough citizens exercised this option, Tennessee would be pressured to abandon its foray into socialized medicine, or else lose much of its tax base. To escape a national health system, a citizen would have to emigrate to a foreign country, an option far less appealing and less likely to be exercised than moving to a neighboring state. Without competition from other units of government, the national government would have much less incentive than Tennessee would to modify the objectionable policy. Clearly, the absence of experimentation and competition hampers the creation of effective programs and makes the modification of failed national programs less likely."

There it is, larger scale Free Markets.

Now a few messages from your un-free marketers:

A.
"But Hamilton wanted to go farther than debt assumption. He believed a funded national debt would assist in establishing public credit. By funding national debt, Hamilton envisioned the Congress setting aside a portion of tax revenues to pay each year's interest without an annual appropriation. Redemption of the principal would be left to the government's discretion. At the time Hamilton gave his Report on Public Credit, the national debt was $80 million. Though such a large figure shocked many Republicans who saw debt as a menace to be avoided, Hamilton perceived debt's benefits. "In countries in which the national debt is properly funded, and the object of established confidence," explained Hamilton, "it assumes most of the purposes of money." Federal stock would be issued in exchange for state and national debt certificates, with interest on the stock running about 4.5 percent. To Republicans the debt proposals were heresy. The farmers and planters of the South, who were predominantly Republican, owed enormous sums to British creditors and thus had firsthand knowledge of the misery wrought by debt. Debt, as Hamilton himself noted, must be paid or credit is ruined. High levels of taxation, Republicans prognosticated, would be necessary just to pay the interest on the perpetual debt. Believing that this tax burden would fall on the yeoman farmers and eventually rise to European levels, Republicans opposed Hamilton's debt program.

"To help pay the interest on the debt, Hamilton convinced the Congress to pass an excise on whiskey. In Federalist N. 12, Hamilton noted that because "[t]he genius of the people will ill brook the inquisitive and peremptory spirit of excise law," such taxes would be little used by the national government. In power, the Secretary of the Treasury soon changed his mind and the tax on the production of whiskey rankled Americans living on the frontier. Cash was scarce in the West and the Frontiersmen used whiskey as an item of barter."
Reclaiming the American Revolution: The Kentucky and Virginia Resolutions and their Legacy
by William Watkins

There it is, Subsidized Slavery of everyone, in your face.

Unconvinced?

B.

"First in the importance of its evil influence they considered the money monopoly, which consists of the privilege given by the government to certain individuals, or to individuals holding certain kinds of property, of issuing the circulating medium, a privilege which is now enforced in this country by a national tax of ten per cent., upon all other persons who attempt to furnish a circulating medium, and by State laws making it a criminal offense to issue notes as currency.

"It is claimed that the holders of this privilege control the rate of interest, the rate of rent of houses and buildings, and the prices of goods, – the first directly, and the second and third indirectly. For, say Proudhon and Warren, if the business of banking were made free to all, more and more persons would enter into it until the competition should become sharp enough to reduce the price of lending money to the labor cost, which statistics show to be less than three-fourths of once per cent. In that case the thousands of people who are now deterred from going into business by the ruinously high rates which they must pay for capital with which to start and carry on business will find their difficulties removed. If they have property which they do not desire to convert into money by sale, a bank will take it as collateral for a loan of a certain proportion of its market value at less than one per cent. discount.

"If they have no property, but are industrious, honest, and capable, they will generally be able to get their individual notes endorsed by a sufficient number of known and solvent parties; and on such business paper they will be able to get a loan at a bank on similarly favorable terms. Thus interest will fall at a blow. The banks will really not be lending capital at all, but will be doing business on the capital of their customers, the business consisting in an exchange of the known and widely available credits of the banks for the unknown and unavailable, but equality good, credits of the customers and a charge therefor of less than one per cent., not as interest for the use of capital, but as pay for the labor of running the banks.

"This facility of acquiring capital will give an unheard of impetus to business, and consequently create an unprecedented demand for labor, – a demand which will always be in excess of the supply, directly to the contrary of the present condition of the labor market. Then will be seen an exemplification of the words of Richard Cobden that, when two laborers are after one employer, wages fall, but when two employers are after one laborer, wages rise. Labor will then be in a position to dictate its wages, and will thus secure its natural wage, its entire product.

"Thus the same blow that strikes interest down will send wages up. But this is not all. Down will go profits also. For merchants, instead of buying at high prices on credit, will borrow money of the banks at less than one per cent., buy at low prices for cash, and correspondingly reduce the prices of their goods to their customers. And with the rest will go house-rent. For no one who can borrow capital at one per cent. with which to build a house of his own will consent to pay rent to a landlord at a higher rate than that. Such is the vast claim made by Proudhon and Warren as to the results of the simple abolition of the money monopoly."
Benjamin Tucker, State Socialism and Anarchism:
HOW FAR THEY AGREE, AND WHEREIN THEY DIFFER, 1888

Not good enough? You want proof?

"Plaintiff admitted that it, in combination with the Federal Reserve Bank of Minneapolis, which are for all practical purposes, because of there interlocking activity and practices, and both being Banking Institutions Incorporated under the Laws of the United States, are in the Law to be treated as one and the same Bank, did create the entire 14,000.00 in money or credit upon its own books by bookkeeping entry. That this was the Consideration used to support the Note dated May 8, 1964 and the Mortgage of the same date. The money and credit first came into existence when they created it. Mr. Morgan admitted that no United States Law or Statute existed which gave him the right to do this. A lawful consideration must exist and be tendered to support the Note. See Anheuser-Bush Brewing co. V. Emma Mason, 44 Minn. 318. The Jury found there was no lawful consideration and I agree. Only God can create something of value out of nothing."
STATE OF MINNESOTA
COUNTY OF SCOTT
First National Bank of Montgomery, Plaintiff
vs
Jerome Daly, Defendant.
December 9, 1968

I like the idea, and I admit that I also thought the same idea, as many stores are vacant in the local town. The problem (getting worse) is the balance sheet won't add up, that is why the store is vacant. The cost of doing business according to the rules enforced locally (not the law by the way, they are corporate rules enforced by criminal means) move the "profits" (costs of doing business, plus any extra for investment, expansion, savings for a rainy day, retirement, medical, etc.) to the local corporations (not governments). There are exceptions, but those excepted have to "join the club."

2

Yes! Someone with the same ideas.

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