Comments on: Exchange and Trade System

By: barley

barley — Mon, 10 Nov 2008 10:26:42 +0000

I enjoyed this content, and the feedback from others is interesting.

By: The Financial Blogger

The Financial Blogger — Thu, 16 Oct 2008 16:30:47 +0000

I don’t think that the main purpose is tax evasion… I mean, if I get $25/hour for X task and I need a plumber that I have to pay $50/hour for X task, I am better off with a ETF than paying the guy.

It does not suit everybody, but I think the system can work.

By: Aaron Lees

Aaron Lees — Wed, 15 Oct 2008 16:43:23 +0000

Why is money such a bad thing? Why should my time be worth exactly what everyone else’s is? You haven’t stopped using the concept of money, you have simply replaced “dollars” with “hours”. As Traciatim points out, the main point of this alternate economy is as a method of tax evasion.

By: Kevin Wright

Kevin Wright — Wed, 15 Oct 2008 14:49:18 +0000

That is a great idea. I love grassroots efforts to have people band together like this.

By: Traciatim

Traciatim — Wed, 15 Oct 2008 11:36:12 +0000

Please keep in mind that [joke]1) If you participate you are commie scum [/joke] . . . and 2) that in Canada if you provide the same service as you make a living under the bartering rules you still have to pay taxes as if you earned that income at your normal rate of hire.

So for example, an accountant can help someone build a deck, but can’t do accounting.

BTW the commie reference is simply that reducing payment for work to the same level regardless of skill, training, experience, efficiency etc is not a good thing in my book. It breeds average and lowers the average bar itself. Plus, we already have a trading system that you can use to have someone bank your services in some form so that you can use those skills later to pay for another service that you deem of equal value . . . it’s called money.