LETS is not

LETS is not:

  1. A barter system.  Because not just 2 people are involved.  The more people the more flexible LETS is.
  2. A charity or welfare.  Because it builds self esteem & self reliance through community cooperative effort.
  3. A pyramid system.  Because it is locally controlled and no Federal $ (except basic costs) are spent.
  4. A replacement for the Federal economy.  Because it works with and along side it.  It assists community enterprise and corrects weakness of economy.
  5. A tax evasion scheme.  Because you must pay tax if required on all items that you trade.
  6. A get rich quick scheme.  But with a line of credit & local employment the whole community prospers.