Thursday, November 29, 2012
How Government Programs HURT the Poor
You are a factory worker in New Jersey who was laid off. Or maybe you are an immigrant from the Dominican Republic.
You have a car. You get it inspected. You get your Chauffeur's License.
Can you open a business in New York City?
New York City places severe restrictions on who can own a taxi company,
Today, it cost about $1 million to enter the taxi business in New York,
Who can afford this?
How does this help the poor?:
Government restrictions like this are why the poor and middle class are no longer upwardly mobile.