South Dakota Should Look to "Irish Miracle"
February 22, 2011 - Sioux Falls Argus Leader, by Marty Gallanter
The annual “great debate” in
About to decades ago,
It was not a universally accepted idea. Some said that the Irish taxpayer would be financing the training of young people who would then take their skills to
At the same time, they restructured the Irish tax code to make it more business friendly. Bit by bit, with each graduating class, they made progress. About ten years ago, they reached a tipping point. Corporations soon were flocking to
Unfortunately, the economic turn-about came to a grinding halt when the Irish banking system collapsed. The deregulation of the financial industry had gone too far. Like
But that particular failure did not mean they had tried to implement a bad idea. Validation is found across the
At first unemployment was high, but soon the brain power of the nation began to attract international corporations like Microsoft and Intel. Start-up high-tech operations grew faster than weeds in a garden. All this was happening within a tax structure that can only be called oppressive; a health care industry that was already socialized and a bureaucracy that was nothing short of mind-numbing. Despite all of these anti-business, “job killing” factors,
What’s all this got to do with
We have the capacity to create a skilled work force that would be envy of the entire nation. We have open space, low taxes, great real estate developers, affordable homes and banks willing to loan; everything we need to create our own “South Dakota Miracle” except the will and the resources to move ahead.
If we started today, planting the seeds, the positive results would not be seen while this governor is still in office. Everyone in the State Legislature would be term-limited out before the harvest came through. Maybe that’s why we can’t do it. It just takes too long.
But maybe this governor can appoint a non-partisan commission to develop a plan and a path to our own South Dakota Miracle. Wouldn’t that be better than additional casinos or an extra dollar on a twelve-pack of beer? Maybe this year a long-range solution to
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