HOW BUSINESS CAN FIGHT POVERTY


KATZ/2005/ BUSINESSWEEK/11/21/168

About 8 million people live in 2500 neighbors where 40% of the neighbors or more are poor. Under these conditions, you get poorer. You also get crime and low education retention.

There are new strategies that appear to work and are a far cry from the poverty programs of the 60’s.

They are:

1. Develop housing that requires so many poor who abide by the law, pay equity into a condo and have middle income neighbors. If violence occurs the poor are immediately removed and repaid their income that was invested. They move to zones of high levels of security and neighborhood watch groups. If they still continue, they go into prison industries.


2. Bull dose high rises. They are great for elderly and terrible for poor people.
3. Give vouchers to move to better areas so that they can attend better schools.
4. Pay for work rather than welfare. Welfare is for short term crisis. The Earned Income Tax Credit rewards work with less taxes.
5. Support weed and seed as well as enterprise zones.
6. Use the market place as a wealth creation structure to encourage work and punish crime.
7. Much of the above has been called HOPE VI.


Funding is now be cut by the Bush administration. However, the majority of the above comes from the political Right. They work and use a Capitalist model. So why is Bush doing the cuts?


 

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