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Wednesday, August 17, 2022

Public Well being And Racial Inequality: Why Alternative Zones Fail Low-Revenue Communities And Prices Lives

Katie Raitz (J.D. 2021, UC-Irvine), Observe, Public Well being and Racial Inequality: Why the Alternative Zone Program Fails Low-Revenue Communities and Prices Lives, 12 U.C. Irvine L. Rev. 315 (2021):

Uci-law-review“The wealthy man’s canine will get extra in the best way of vaccination, medication and medical care than do the employees upon whom the wealthy man’s wealth is constructed.”

Poor well being outcomes are linked to long-standing wealth disparities for individuals of colour in the USA. Wealth inequality has gotten worse over the previous many years, regardless of makes an attempt to enhance it. The 2017 Alternative Zone (OZ) tax program is the federal authorities’s most up-to-date economic-development intervention. The OZ program gives for low-income census tracts in every state to be designated as “Alternative Zones” and presents tax advantages for individuals who make investments in sure varieties of companies and properties in OZs. However the bipartisan recognition of the OZ program, this Observe reveals why it’s largely symbolic and can fall wanting its coverage objectives. Particularly, this Observe argues that the OZ program is not going to improve the earnings or wealth of OZ group members. 

Along with describing the failings of this system, this Observe explains why it needs to be changed with economic-development coverage that makes direct money funds to low-income group members. The disparate an infection and dying charges of COVID-19 on communities of colour reveal the necessity for substantive, slightly than symbolic, federal economic-development interventions.

https://taxprof.typepad.com/taxprof_blog/2022/08/public-health-and-racial-inequality-why-opportunity-zones-fail-low-income-communities.html

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