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I have an on air -- welcome to cashing in here with us today Wayne Rogers Jonathan Hoenig Michelle fields and you move Greene welcome everybody but.
Do you remember this.
We refused to let forgo -- court.
I'd bet on American workers and American ingenuity and three years later that that is paying off -- -- big war.
Well Detroit went bankrupt despite the -- to bail -- And before cashing in City Council deliberate -- how to fix our busted towns let's look at what helped bring down the once mighty Motown.
It was the 1950s almost two million people lived in Detroit the world leader in auto manufacturing.
Jobs were plentiful the Detroit economy was -- And their collective bargaining union -- -- free market capitalism free unit began to flex their.
GM union workers walked off the auto -- for 67 days.
They got what they wanted to make huge wage hike and big concessions that single event helped seal the fate.
The motor city.
Over the next four decades aggressive union demands drove the auto industry away jobs -- the nonunion states Detroit's population imploded 60%.
But once vibrant economy is now eighteen billion dollars in the hole and unemployment sits at a mind blowing sixteen point 3%.
Detroit is bankrupt now the largest US city to go bankrupt in our history.
Detroit is a perfect example of what happens when union bans prevailed over the free market capitalist.
A sad story indeed but we're here to find solutions John -- let's start with you how can broke.
Broke Detroit fix their financial mess and frankly from many other cities on the virgin America.
Well they need to start by liquidating these these public sector pensions there can hit the progressive policies as you pointed out eighteen billion dollars and liabilities.
I think it it has 700000.
People in it for their needs to be my opinion.
Two phases here that needs to -- -- liquidation phase I mean.
These parasites these public sector unions they stopped the host -- is dead we need to liquidate those those liabilities.
And ideally privatize some of this city I mean whether -- the art collection are the land itself.
Detroit could -- but he got it.
How to get the government and the public sector unions out of the way -- actually John I'd love that second one especially because Detroit it was built the infrastructure and -- -- -- detritus.
For two million population which is what was at its peak.
In the sixties or so now has about seven -- thousand people living there it's way too big for its where its population.
Michelle -- you have big solutions for bankruptcies across country Detroit specifically.
I want I agree with John on that point.
But I think need to get rid of all of these anti business policies look just right right now has the highest taxes for commercial property.
And they have a thirteen dollar minimum wage I mean we can't have these type of policies and expect businesses.
To come -- if we want businesses to be there we need to lower the regulatory board burden on entrepreneurs and also lower taxes.
Right okay so -- we're here to to solve the problems not point fingers you're bringing -- let me guess the liberal point of view.
What -- what to what should Detroit due to bail itself out.
So I'll I'll stay away from the pointing the finger -- -- Jonathan the most talented calling these workers parasites and -- -- -- let's -- I don't like not -- but I don't -- -- just with the -- the City Council where all the I think we're illegal here but here's the point.
They're making positive recommendation yes or no -- -- a positive one let's do it.
We go to the federal government and we -- Eleven million undocumented immigrants in this country who are aspiring citizens.
Let's give them.
A program that fast tracks their citizenship if they move into Detroit.
Detroit already has.
One of the most diverse immigrant populations and they are revitalizing the communities.
That they -- in in ways that are absolutely necessary when you have first generation Americans.
Moving to cities crime goes down.
We've seen that in Brooklyn Philadelphia has and has better -- -- listen to -- up and they'll by the.
-- should give us every day that's got those immigrant whole lot of -- don't don't jump down to throw this is just the City Council we have to work together to solve the problems way.
Jamal points out fast track immigration to a city have frankly needs bodies right now they needed tax base.
And it -- and it Eric that's not gonna do it look.
Detroit as a microcosm of -- and what could happen to the anti United States they've they've there.
That the fundamental part of this is that did they have destroyed the inner city.
You have a 47%.
Illiteracy functional illiteracy rate among adults in in Detroit -- -- -- Everybody in the world to -- for people who don't care.
They've -- attacks they polluted the city now the way to cure this is Jonathan is right about his second when which I like best.
Privatize everything privatize -- not -- Take that our exit.
Collection which is three billion dollars three billion big number I didn't take all -- thought privatize the fire department privatize the police department.
Privatize everything make them responsible cut the budget down -- what it can do and I'm not and that go for what.
-- -- an -- to actually take it one step further -- -- privatize delay and privatize Detroit and Erik you pointed out.
This is a -- that only -- 700000 people and I got hundreds and hundreds of uninhabited acreage so that the villages so that the Seattle put up celebration short and -- a private enterprise handle the infrastructure to police the fire all those elements they get a low tax low regulation alone I'm telling you.
Let me -- -- guys maybe not necessarily privatize the full fire department and the full police department all public safety issues.
Maybe just the Porsche maybe sell some of the -- I think is a 140.
140 square acres of of land that some of it could actually be.
The album sold off to private equity firm yet Michelle feels a solid but this for a second Dallas vs Detroit.
Dallas has about the same.
Budget that Detroit has in Dallas has one point 225 million residents were Detroit only has 700000 are we talking.
Over taxing the people of Detroit.
Exactly the problem is and that there aren't enough people that there -- enough bodies which is what -- do is say there's a reason why there aren't bodies there it's because.
-- -- has the highest.
Taxing is it any -- and -- again I mean they -- so much funny that is driving people out why you gonna stay in Detroit when you go to neighboring area as.
And -- -- taxes the problem.
Aren't the problem is not enough.
People all that's the symptom of the problem management.
What one of a big this -- is that corporate tax welfare that just helps to bankrupt the city so you've got now.
Retirees who worked and -- And they are about to lose that 191000 dollar A year pension that is there is there about to be had to have that stolen from them yet at the same time.
We're going to build it 200.
-- any solutions million -- luz stadium solutions we we've got to get rid of the corporate tax welfare system so and quell tensions are you -- your home for Oklahoma guys you're talking about increasing corporate taxes I I think that there has to be a balance and Detroit when not have that balance.
When it comes to.
Providing welfare for the largest corporations.
President Obama in that opening clip he -- -- not elected when I look at it wasn't -- -- it was actually just the company John Mara MacDonald yeah.
MM and I got to get through email when asked way.
-- you move says raise corporate taxes has that ever worked anywhere.
No it hasn't it's idiotic and that's what -- -- that's part of the problem right now they driven all of the private enterprise out of Detroit so they driven out the jobs.
So let me come back to something -- -- talking about privatize it let me tell you a few years ago the city of Scottsdale Arizona privatize completely.
There the fire department there rates work went down and -- -- listed as one of the highest and best fire risks in the United States you can privatize the entire city.
You have Donovan right in that respect I don't kill what -- you.
Make it all project that's the best could not do -- yeah yes but.
I'm -- when things are owned by the public their own -- no one and that's why all these public.
Utilities and services in Detroit are literally going to help.
Have a private -- battle developer put up.
Condominiums put -- residential and commercial take responsibility -- that if you make it ain't no property and no income tax -- People could just -- assessment as to get a they -- celebration.
Is he doing in the in the villages you can really see this for a lot of cities guys have to be there a lot of season Texas was no.
Income tax in their city doing a lot of it also like I misspoke earlier I said 139.
Square -- -- meant to say 139 square miles a very very large city gonna leave it there.
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