After years of trying and failing, the city leaders of Youngstown in the state of Ohio have decided that instead of trying to attract new businesses into their city, they will simply raze dilapidated buildings and tear up blighted streets
. They will turn eyesores into open green spaces. At first, I thought this was a good idea. But then I realized that the city will be spending public funds on what is called “project 2010.” The article doesn’t say how much exactly but hiring heavy equipment and the workers that man them can’t be cheap. Couldn’t those funds go towards something else? I understand that living near eyesores can be demoralizing but it doesn’t sound like the city of
corporate income tax
in the country (10.5%) and the sixth highest personal income tax (8.87%). Why move your business to Texas
, for example, has far lower corporate taxes and no state income tax? Is it any wonder that the state of Texas is booming
while
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