FIRST, THE RESCUE, which would not necessitate the expenditure of any taxpayer money from the public treasury -- all it would take would be the enactment of legislation to:
1. Irrevocably for a minimum of 20 to 25 years exempt all income, capital gains, and estates in the city and its environs from any federal, state, or local taxes;
2. Cap property taxes in the same area at a level that would produce sufficient revenues to meet the expenses of providing truly essential governmental services and no more;
3. Abolish public employee unions, and substitute right-to work for closed shop provisions in union contracts with private employers;
4. Exempt from sales and use taxes nationwide all goods produced in, or distributed from the Detroit metropolitan area;
5. Abolish all welfare payments in the area; and
6. Issue to parents living together (or single by reason of the death or divorce of a spouse) education vouchers sufficient to fully pay the costs of educating their children at whatever private or public schools they choose.
WHY IT WON'T HAPPEN: The political powers-that-be know the resulting boom would be so spectacular and obvious that it would lead to irresistible demands for enactment of the same beneficial measures permanently nationwide . . . or, in other words, restoration of the free economy that the founders envisioned . . . freeing Americans to develop history's mightiest economic machine until the politicians started tinkering with it in the 20th century.
. . . Suggested by a
very financially
astute friend
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