I could go on and on with regard to the issues and policies that hold us back. We need to strengthen property rights. We need to overhaul our tax structure. Our regulatory and licensing procedures create needless delays. In Hong Kong (which, by the way, holds the number one ranking in the world with regard to economic freedom), a business can get up and running in a day or so. In West Virginia, it can take many days, even weeks or months. For small businesses this means lost income. For large businesses, this means that they might choose to locate elsewhere. Our Temporary Assistance to Needy Families (TANF) programs provide disincentives to people who might otherwise want to get back to work. And when they do, we need to have jobs that they can go to.
Elliot Simon
Other Economic Issues
I could go on and on with regard to the issues and policies that hold us back. We need to strengthen property rights. We need to overhaul our tax structure. Our regulatory and licensing procedures create needless delays. In Hong Kong (which, by the way, holds the number one ranking in the world with regard to economic freedom), a business can get up and running in a day or so. In West Virginia, it can take many days, even weeks or months. For small businesses this means lost income. For large businesses, this means that they might choose to locate elsewhere. Our Temporary Assistance to Needy Families (TANF) programs provide disincentives to people who might otherwise want to get back to work. And when they do, we need to have jobs that they can go to.