CAIN: Well, let's talk about how I would address that same problem. I believe in empowerment zones. Most of the unemployed black Americans in this country are in these mostly economically depressed areas. It could be, and I'm only using this as an example, because we haven't finished establishing the parameters yet. Instead of in a designated empowerment zone, it being 9-9-9, it could be, as an example only, 3-3-3.
What this does, because you have a lot of African-Americans located in cities like Detroit, disproportionately, it would encourage businesses to stay in business there or to move there. It would encourage people to work there, because if you live in the empowerment zone, you're going to pay a smaller percentage in taxes.
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Yes, Empowerment Zones, but only for some...
From what I've been reading, the empowerment zone program ended in December 2009. Is this a back door way to bring it back?
“What this does, because you have a lot of African-Americans located in cities like Detroit, disproportionately, it would encourage businesses to stay in business there or to move there.”
Business will flock to the ghetto to hire illiterate gang bangers with a 2nd grade education.