It is possible to be in favor of “opportunity zones.” One might reasonably have faith in the idea of politicians and bureaucrats knowing what needs to be done and how it should be done.

However, I find that grand experiment in socialism we call the 20th century to be a useful antidote to such beliefs. It’s also possible to take the Milton Friedman view, which is that the government always and only wastes money and that therefore, we should be in favor of absolutely any tax cut at all. I take that point but can’t abide by opportunity zones.