Economic Multipliers (79)
Do you know what these are?
They help CREATE wealth in systems.
IF is an economic multiplier if an applied answer(s) makes it so.  (Example 1)
I posed this question once:  IF 30 men and/or women had $10 each and they pooled their money, would they be able to find something to buy for $300 that would yield greater economic value for all of them than the $300?
How exactly does IF work?
IF 30 people pooled $10 every month and bought a computer a month, at the end of 2.5 years, all of them would have their own computer (IF they all took care of theirs).
IF they shared their technology within their group, they might first decide to buy some solar panels, batteries and a regulator/inverter to support their computers.  (Try to always go HIGH quality for durable items that affect the performance of other items because just like motors, computers last longer with high quality, reliable power.)
That’s a technology and energy example.
IF 30 people pooled $10 every month and bought a nice television and a DVD player, all of them could have the equipment at the end of 2.5 years (IF they all took care of theirs).
IF they shared the television(s) within their group, every month they might be able to buy some educational DVD’s which taught them a skill or took them through some grade school, high school, trade school or college courses.
IF they hooked a small computer to a larger screen television, they might be able to let some individuals with vision problems read some books (or even other materials IF they also had an inexpensive scanner to hook to the computer).
That’s a technology and education and disability example.
IF 30 people pooled $10 every month and you had enough groups of 30 people, you could build a library, a school, a community tool and machine shop, a community garden or park, a sewage treatment facility or all sorts of things.
That’s basically a ‘tax’ example because when people vote for a tax and those dollars are spent responsibly, ‘things’ that create longterm value for everyone start showing up in the community.
Much wealth nationally and globally has been created over the years when men and women selected a capital project that would create value for the greater percentage of the community and assessed a ‘tax’ to get that capital project funded.
Likewise, much wealth has been created over the years when men and women who believed that education and other resources gave motivated people more to contribute went in search of communities that believed in creating economic multipliers.
As an example, recognizing that communities might not always be able to ‘jump start’ huge ‘capital projects’ (i.e. they wouldn’t be able to afford the initial assessed taxes), Andrew Carnegie built many libraries in communities that had never had them IF the communities provided the land AND demonstrated that they themselves would support them.  (See P.S.)
IF he found motivated people ...
IF … It’s amazing that such a tiny word has the ability to create so much wealth.
P.S.  Today, those local ‘libraries’ might be a community kiosk or school cafeteria that’s a WiFi ‘hotspot’ where individuals can access and download knowledge and books … and the ‘content’ may end up being projected onto a television screen versus a computer monitor:  The world has changed.