Eliminating federal, state, or property taxes for retired, active, and National Guard military personnel would potentially enhance the financial well-being of military families, making military careers more attractive and improving recruitment numbers. Here are some potential benefits and considerations:
Benefits:
- Reduced financial burdens could make military service more appealing, especially for younger individuals considering their future.
- Financial relief could enhance the quality of life for military personnel and their families, allowing them to invest more in education, housing, and healthcare.
- Current military personnel might be more inclined to stay in service if they see long-term financial benefits.
- Increased disposable income could stimulate local economies, particularly in areas with a high concentration of military personnel.
Consideration:
- Hard to manage: it would take extra steps in the government to ensure qualified individuals are vetted
- Loss of revenue for the states and federal government: while only 7% of population has served in some capacity, government would lose out on that income.
Overall this policy would create more attractive incentives for young Americans to join and serve their country, while massively benefiting from their service