The Cuban government is planning on cutting 500,000 employees from the government work force. Given the lack of private enterprise jobs in Cuba, what are those people going to do? Why, go into business for themselves, says President Raul Castro, so they can start paying taxes instead of consuming them. The government apparently has authorized nearly 200 sectors where it wants to encourage small business. Would-be entrepreneurs can apply for licenses to go into fields like raising rabbits and becoming a clown,
But none of these new entrepreneurs should expect go get rich. The system, says the government, will be designed to “avoid the concentration of wealth.” In an effort to stimulate job growth, the government has also stated that those who hire workers in their small businesses will be subject to higher taxation.
FGS
