Answer:
Economic Problem:
1.Ridiculously high, constantly rising property taxes
SOLUTION
a-Cut property tax rates in half over the course of a few years. A debate on this suggestion rages in Baltimore, the only municipality in Maryland to have lost residents over the last decade.
b-Soaring property tax rates—more than double the rate of surrounding counties—have been blamed as a main reason for the population decrease.
c-a councilman and mayoral candidate, has proposed a plan to dramatically lower the city’s property tax rates—with the idea that the lower taxes would attract more residents and businesses, making up for the decrease in individual property tax revenues.
2.Not enough commuters using public transportation
SOLUTION
a- Create “frequent commuter” programs that reward loyal passengers in similar fashion to airline reward programs.
b-A Stanford computer scientist tells The Atlantic that such a program, which is being tested in Bangalore and Singapore, would give commuters more incentive to use public transportation rather than their cars, easing congestion on roads.
c- If higher reward points were given for riding public transit during off-peak hours, as is suggested, the program could also ease congestion on buses and trains as well.
3.Unemployment benefits give some incentive to stay unemployed
SOLUTION
a- Award signing bonuses for unemployed who find work sooner rather than later.
b-an economic adviser to President George H.W. Bush, suggests that the government lure the unemployed back to the workforce by paying out signing bonuses on a sliding scale, with a better payoff for those who find work quicker.
c-The economy, in theory, would be better off with more people back at work, and the proposal would only be in effect while unemployment rates remain over 7.5%.
Explanations:
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