Sunday, January 15, 2012

Community Economic Independance Index

One can measure the capacity of any community to be independently wealthy, independently prosperous.

If you take where I live, Fox Valley, St Charles, Geneva, Batavia and remove components known to not be directly contributory to the economy of the marketplace, in other words these components live FROM the marketplace, produce no GDP, are simply money transfers, even if beneficial, you will discover quickly what the remainder is and that will be the Community Economic Independence Index.

Take all incomes from all individuals in the community, then, subtract those that are paid to people from Churches, Charitable Organizations, Government Salaries, Payments FROM government including Social Security, Welfare and any employee of agency funded by taxpayer dollars or charitable contributions.

That will leave business owners, people who work for them in business, agriculture (exclusive of payments made to farmers) and all others who by the work the do earn income for products or services rendered.

Nothing else counts. Sorry.

The net of that calculation, even informally, will give you good reason to understand why and how some communities seem to prosper and some seem to founder.

If you take adjacent cities of Elgin or Aurora in the Fox Valley, you quickly see the difference. Same geography, same river runs thru, but the net result is very different.

I know this isn't a popular viewpoint, but we must see the truth. Working in a charity, being in the ministry or working in government shouldn't be a way to be enriched. If you do, you are not serving for serving sake and you are NOT contributing to the economy. What y0u do may be valuable, but it doesn't foster economic independence.

No comments: