Day: March 1, 2015

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Econ 101 for Progressives: Corporations Never Pay Any Taxes – WP Original

March 1, 2015 No Comments

  By: Mark Glennon* It’s not opinion or economic theory, but undeniable fact: Corporations don’t pay any taxes. They collect them. With the chorus on the left in Illinois growing ever louder to address income and wealth disparity by taxing corporations, that fact should be kept paramount, no matter what one’s politics. It make no more sense to deny that people, not corporations, ultimately pay corporate taxes than to deny that people pay taxes on houses, dogs or anything else. Exactly who ultimately pays corporate taxes is debated, and the answer can vary with the industry, but it’s some combination

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Jesus García cannot save Chicago – Financial Times

March 1, 2015 No Comments

Keeping public sector unions happy is not the same as serving the people. There are firefighters in Chicago who retire young on near six-digit annual pensions until they die. It is little different to Greece or Italy. Every dollar spent on them is one less to train Chicago’s young, mostly non-white population for the workplace of the future — and one less on protecting their streets from gang violence…. Mr. Emanuel’s Catch 22 is that he needs investors to make a thriving economy in Chicago. But he lacks the skills to convince people it is in their interests. Jesus has

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Teacher Labor Supply – Forbes

March 1, 2015 No Comments

A recent paper on Illinois pensions found that teachers valued each $1 in marginal pension benefits at $0.20 suggesting that this could easily be done in a revenue neutral way that significantly increased the value of compensation to teachers. via Teacher Labor Supply.

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