Wednesday, July 19, 2006
Urban Poor Pay "Ghetto Tax"
Interesting story in today's New York Times: Study Documents "Ghetto Tax" Being Paid by the Urban Poor, by Erik Eckholm:
[A] report Tuesday showing that poor urban residents frequently pay hundreds if not thousands of dollars a year in extra costs for everyday necessities. The study said some of the disparities were due to real differences in the cost of doing business in poor areas, some to predatory financial practices and some to consumer ignorance. The study, from the Brookings Institution, said finding ways to eliminate these added costs, often called a “ghetto tax,” could be an important new front in the fight against poverty.
The Brookings Report is From Poverty, Opportunity: Putting the Market to Work for Lower Income Families, by Matt Fellowes. (Hat Tip: David Hasen.)
https://taxprof.typepad.com/taxprof_blog/2006/07/urban_poor_pay_.html
Comments
Maybe banning Wal-Mart from these areas is not such a good idea. See also http://www.amiba.net/pressroom/chicago_debates_supercenters_5.4.04.html
Posted by: Wally | Jul 19, 2006 11:03:23 AM
Socialism - Why doesn't NYC try an experiment, admit WWII is over and there's no need for WWII rent control.
Posted by: Sandy P | Jul 19, 2006 3:00:34 PM