The local community is dependent on how we choose to spend our money. High streets can be lined with independent retailers but if we’re choosing not to spend our money with them, the local government will look to excite your town’s economy in other ways.
One such way of doing this is to offer a tax incentive to big businesses to attract them to the area. An almost surefire way to bring people to the town and encourage spending in the area.
This however comes with several knock on effects. The incentive has to come from somewhere. The residents have to foot this cost, creating a higher tax burden on them. In addition, less revenue is kept within the local economy as explained in point one leading to a less healthy macro economy.
By demonstrating that your local economy can thrive by supporting local businesses, there’s no need to outlay this incentive. In other ways, it can be used to fix our roads, support our schools and strengthen our local businesses.
By voting for local with your money and supporting the macro economy, you will see the benefit of your spending in so many more ways than just the products or services you buy. The area you live in will prosper and flourish with more money spent by the local government where it counts.