Redistribute Wealth Without Government Intervention
Governments have risen and fallen on the idea of redistributing wealth. Political parties brag on how much of your and my taxes they “give away.” University professors equate compassion with taking other people’s money and giving it to someone less fortunate. (Ironically these professors work for the very universities exposed in the last few weeks as hording billions in endowment funds!) We could get into deep discussions on governmental wealth redistribution, but instead I would like to introduce you to another way to redistribute wealth that does not involve the government. Instead it involves you and me voluntarily giving and receiving. Here in the US we have the infrastructure and plenty of willing participants to pull it off. I am talking about donating and buying from Thrift and Resale stores.
Here are some basics you should know when donating and buying from Thrift and Resale stores:
Donating:
Do not donate garbage. Wash clothes and items that are fabric. Fold them nicely. Throw away torn, stained or items that cannot be worn. Make sure all electronics or mechanical items are in good working order. Clean what you can. Any knick knacks should be unbroken or chipped and in good appearance.
Do get your receipt. Nearly all donations are tax deductible. Ask for a receipt and list out what you have donated.
If one store does not accept your items, realize that other stores are likely to take them. Learn where to take different items. Our school accepts items but not clothes. Our local Children’s Cancer Thrift loves to get clothing.
Buying:
Find a well run store. Look around. Are items cleaned and shelved nicely? If items are not cleaned then it will be hard to tell if will be acceptable once purchased.
Learn the policy of the store. Nearly all stores do not accept returns of clothing items and knick knacks. However, stores will differ on electronic equipment. If you cannot return the item, check it well. If you need to test the item ask for help.
When buying clothes always try them on first. Because items have been washed and dried you should not rely on the size stated on the tag.
If buying furniture take a moment and look it over carefully. Don’t be afraid to check shelves or pull up cushions and even smell it! You can get great bargains, but without care you can end up throwing away money.
Shop around to find appropriate prices. Some items like dishes or books may vary widely in price. Don’t assume that because the item is in a thrift store it is the best price.
Don’t be afraid to pay the money for a highly valued item. Some items are valuable. While the price is likely to be discounted it still may be high. However, if it is a bargain and you are going to spend money on this item anyway don’t be afraid to pay for value.
Do you have a thrift story or hint you would like to share? Please do! Comment below.
Save $60 for 5 minutes...
