Bill Frezza has a great idea to raise Detroit from its ashes: make it a free enterprise zone! Issue a 15-year moratorium on federal regulations and taxes within the Detroit city limits.
Imagine what would happen in a city where both the personal and corporate federal income tax rates were set to zero. Imagine, further, if all federal labor laws were suspended—hire whomever you want to do whatever job you want at whatever pay they will accept without having to ask the National Labor Relations Board and Citizenship and Immigration Services for permission. Start any business you please—no Interstate Commerce Commission, Equal Employment Opportunity Commission, or Federal Trade Commission to get in your way. Only the laws, rules, and regulations of the State of Michigan would apply to protect citizens from acts of force or fraud.
This is such a great idea. It’s such a great idea that it will go nowhere. Politicians from both sides would hate it.There would be no reason to give money to politicians when this succeeds. But it would work like Hong Kong has worked and it would show that once you get rid of governments reins, you run fast.
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