Imagine a city where all the major economic planks of the statist or "progressive" platform have been enacted:Read the whole thing, it's well worth the time.
* A "living wage" ordinance, far above the federal minimum wage, for all public employees and private contractors. * A school system that spends significantly more per pupil than the national average. * A powerful school employee union that militantly defends the exceptional pay, benefits and job security it has won for its members. * A powerful government employee union that does the same for its members. * A tax system that aggressively redistributes income from businesses and the wealthy to the poor and to government bureaucracies.
Would this be a shining city on a hill, exciting the admiration of all? We don't have to guess, because there is such a city right here in our state: Detroit
Detroit has been dubbed "the most liberal city in America" and each of these "progressive" policies is alive and well there. How have they worked out?
In 1950, Detroit was the wealthiest city in America on a per capita income basis. Today, the Census Bureau reports that it is the nation's 2nd poorest major city, just "edging out" Cleveland.
Thursday, July 01, 2010
A virtual template for ruination
Posted by traderrob at 5:11 AM