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Comment: She wants a graduated property tax. We warned you this kind of thing might be coming. Mendoza said she’s also open to another idea that’s been circulating, to impose an extra real-estate tax on the sale of properties worth more than $1 million. Mendoza's full Future Plan, including the tax proposal, is linked here.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Remember when homes were an investment? Now they are just ATM machines for all the greedy politicians and insatiable taxing bodies!! Maybe we should just declare our homes as churches and not pay a dime in taxes.
This is actually a good thing; it is instructional for those with any savings. What it demonstrates is the total disregard the State of Illinois and the City of Chicago have for property rights and clearly believe it is just to out and out confiscate people’s accrued asset base.
And the other instructive part is, the citizens of Illinois are no where to be found. Weak complacent sheep are the citizens of Illinois, the shearing is well deserved in many respects.
In my defense I personally could give a rat’s rear end if Mendoza wants to tax the lakefront liberals to death.
Which of course they’ll gladly pay, knowing that they deserve to be punished for working hard and succeeding
What was his name before he transitioned to Suzana?
hopefully voters tar and feather her with Ed Burke. Paul Vallas is the only candidate a Chicagoan who wants reform can support.