tag:blogger.com,1999:blog-30130444.post6607925299820398518..comments2024-02-16T09:00:32.845-06:00Comments on FromDC2Iowa: "Greed is Good" - Poverty? "Yes, It's Your Destiny"Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-30130444.post-77563658493063967802007-06-25T15:41:00.000-05:002007-06-25T15:41:00.000-05:00RE: Project Destiny and Economic DevelopmentProjec...RE: Project Destiny and Economic Development<BR/><BR/>Project Destiny’s main thrust is trails and cultural and recreational programming improvement. It has been a mistake to use it as property tax offset. Getting a more developed trails system and other quality of life improvements help every citizen. The idea that we are going to bring union manufacturing type jobs to Iowa is a fantasy. The jobs that are coming will be white collar service workers in financial services, insurance, and information technology. The US can not compete on a cost basis with foreign labor in manufacturing in places like China and India. Basic economics; Capital (K) follows Labor (L). <BR/><BR/> Iowa needs to grow its own success and retaining the bright and talented younger people who care about things like trails, parks, and arts fests. These people will drive the markets and create jobs with their ideas. This is laid out well by Richard Florida of Carnegie Mellon University in his book “Rise of the Creative Class”. A summary can be found here;<BR/><BR/>http://www.washingtonmonthly.com/features/2001/0205.florida.html<BR/><BR/>The property tax is just as regressive as the sales tax. Let’s get real here. <BR/><BR/>That being said, I fully expect the tax to fail.Anonymousnoreply@blogger.com