Forum Post: did you know you can issue a U.S. Savings Bond to a business entity
Posted 13 years ago on Oct. 27, 2011, 3:54 a.m. EST by USNATIONALDEBT
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entities, such as government agencies, credit card companies, collection agencies, non-profits, schools, colleges, universities, churches, private business....wouldn't be nice to pay your phone bills, utility bills, child support, school loans, insurance premiums, traffic tickets, etc. with a U.S. Savings Bond....For example, you need to take a school class that will cost $50. You donate a $50 U.S. Savings Bond to the school. In gratitude, the school agrees to issue a $50 Fee Waiver enabling you to take the class. Since you donated to a school, you get $50 (100%) tax write-off. But, you bought the bond from a nearby bank (a agent) for only $25 and the $50 issued bond from the U.S. Treasury Dept is sent to the school. In this way, private businesses and government agencies becomes government "subsidized" . We are taught that we are a cash-based society, but, in actuality, we have always been a debt-based society - a sign of a good democratic government. So, may I suggest that Occupy Wall Street should encourage American Society to use U.S. Savings Bond as a form of contribution to business and Fee Waivers . Know that U.S. Savings Bonds are not cash, so it can NOT be used as a "payment" for stuff or services, but can be used as a "contribution" with a fee waiver. Perhaps make a list of business entities that accepts U.S. Savings Bonds. What can legal entities do with an issued bond: (1) HOLD the bond until it matures; (2) REDEEM the bond anytime before it matures; (3) Use the face value of the bond as a form of COLLATORAL for a loan. By doing this, OWS can stir American Society away from the stock market greed to a U.S. debt market agreements and promise. Any response is appreciated. Thank You for your time and consideration.
You know, I know little to nothing about economics, so I may be chastised for this but I'm going out on a limb and say that I think that is an intriguing idea. Interesting. Come on, people, some feedback. What's wrong with this scenario?