Hong Kong is a vibrant place. But there's a good and bad side to Hong Kong. The unions are nonexistent in someplace where there is true entrepreneurship. You have a lot of people living there in squalor. I think we need to be selective in that response.
Tax incentives work in the shortrun.
Sometimes they can make a difference between a business coming to Guam or to Hawaii. And we went to the Legislature to get tax incentives. We did Continental in six months. So the use of tax incentives works. But if you look at tax incentives, sometimes they don't work.