CETA 2020: Our first 2 emojis (of hundreds)

CETA 2020: Our first 2 emojis (of hundreds)
Created January 6, 2020

Tuesday, February 26, 2019

Class Notes 2/19/19- Meeting with Jim Zilliak at the Shearer

1 comment:

  1. Poverty and inequality in the U.S.
    focus on welfare- food stamps etc.
    tax side and the transfer side
    budget constraint- solve through work, when work is scarce or skills don’t lineup with jobs available people turn towards the government for assistance
    place based policy—>
    economists support investing in people not places. policy makers love to invest in places. economic justifications… externality negative (natural disaster) or positive
    New orleans- don't give money to rebuild the city and instead pay people to leave
    lots of reasons to encourage economic growth in a place
    A equity reason for investing or re-investing in an area
    re-invest in places
    legacy of jim crow
    largest placed based policy- reconstruction after the civil war
    Appalachian redevelopment act
    Central Ky- political economy— had to get through Senate
    include southern NY and northern AL to get big senators on board.
    ended up including 13 states
    The money should be inserted in the area that has the most development potential. Rural communities which were supposed to be the focus got screwed
    TIF- tax increment financing —local gov. will use the projected property value in order to encourage investment
    some are rejected not all approve the state does that
    Opportunity Zones- gonna be designed to stimulate private sector investment in areas by making breaks cosponsored by Corey Booker (past Mayor of New York)
    thinking: these are going to go to the communities that are struggling
    however, not really the case s. Upset about rent. Rent controlled city. Landlords do shady stuff. Make it unaffordable for people to live there
    Imminent Domain- government will take your property. just compensation for that property but that is not always the case.

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