5 ms·
Wow, that's a lot. But it could be right. There are a lot of people out there who are under employed, living on spouse's income, working under the table (hence
by blisterpeanuts 12y ago
Wow, that's a lot. But it could be right. There are a lot of people out there who are under employed, living on spouse's income, working under the table (hence under the radar), etc.
I'd like to conduct an experiment in special economic zones as was done in China and other developing areas in the recent past. Designate some place (my choice would be an impoverished inner city ghetto area) as an SEZ, and make it: no corporate taxes, no income taxes; no municipal, county, or state taxes; no unions; and minimal regulations - e.g., waive EPA environmental impact studies, waive minimum wage (down to some minimal amount like $4/hour). Guarantee these conditions for the next 10 years.
I suspect you'd see factories, plants, and offices flock to such a zone, and there'd be a mad scramble for real estate. Ancillary services would also boom--taxi, food, construction, office supplies, delivery and courier services, etc.
I doubt it would ever happen given the number of laws and rules you'd have to waive, but it would be an interesting experiment in cutting through the red tape and getting back to basics.