Interesting article over at The Slate. Jack Schafer pens some points to ponder in his September 7th entry “Don’t Refloat. The case against rebuilding the sunken city.”
Few uninsured landlords and poor home owners have the wherewithal to rebuild—or the desire. And how many of the city’s well-off and wealthy workers—the folks who provide the city’s tax base—will return? Will the doctors, lawyers, accountants, and professors have jobs to return to? According to the Wall Street Journal, many businesses are expected to relocate completely. Unless the federal government adopts New Orleans as its ward and pays all its bills for the next 20 years—an unlikely to absurd proposition—the place won’t be rebuilt.
An interesting read.