This package, including Laffer’s elements and mine, would bring businesses into areas that badly need enterprise and employment, would get otherwise unemployable black youth into the world of work and responsibility, would channel charitable funds directly to churches and other worthy organizations who understand and work diligently with the horrible problems in these communities, and would give kids an open door to the most crucial step in the process – education.
Needless to say, business-as-usual voices on the black left have wasted no time to dismiss enterprise zones, calling them “regulation-free ghettoes…for corporate exploitation” and places to hire black youth at “cut rate” prices and not pay taxes that would be used “for social-welfare programs that really do improve the lives of America’s poor.”
Really? Name one.
The way they see it, giving an opportunity to work to an otherwise unemployable youth, a victim of the very welfare state culture built by these same individuals, is called exploitation.
What does it take to learn? Nine hundred billion dollars in stimulus spending, and two and half years later almost 2 million fewer Americans are working.
How about the great green jobs idea? The FBI is checking this out at the recently failed Solyndra, a Barack Obama green jobs poster child, now down the drain along with $500 million in tax payer backed loans.
Any government bureaucrat who could make a smart venture capital investment wouldn’t be a government bureaucrat.
How about the novel idea of bringing freedom to our blighted areas? It’s the one thing we haven’t tried.