Anecdotal But Reliable Evidence Says Illinois Exodus Will Accelerate – Quicktake
It’s particularly serious for high net worth people because they pay an outsize share of taxes in Illinois.
It’s particularly serious for high net worth people because they pay an outsize share of taxes in Illinois.
The evidence that matters is from recent years and taxpayers are particularly important. That evidence overwhelmingly continues to show shrinkage, and nothing being cited in the census or the new Census Bureau survey refutes it.
The Illinois Department of Public health took no time at all deciding last week to say it “fully aligns” with new masking guidelines issued by the Centers for Disease Control, including universal masking in schools, regardless of vaccination status. If you think that means the “science” behind the changes must be settled or clear, you haven’t been paying attention. Contradictions, confusion and unanswered questions from national health experts
Remember in May 2020 when Gov. JB Pritzker announced funding for an “army” of contact tracers to combat COVID-19? Well, armies of government workers aren’t easily disbanded, and we better hope our real army functions better than our contact tracers.
Will the exodus from big cities that occurred during the pandemic persist or reverse? The final verdict isn’t in, but here are some new insights.
New Illinois homebuyers, particularly at the low-cost end, may end up realizing that they bought into a surge created artificially and temporarily by the Fed. When the Fed’s largess ends, Illinois’ traditional problems and their impact on home prices may return with a vengeance.
“Beliefs aren’t facts.” That would be an unremarkable title for what is an unremarkable column except for who wrote it. In a new column in Persuasion, Northwestern University President Morton Schapiro took on the illiberal tyranny that permeates most of higher education.
A lesson in how lacking the data and analyses are that health officials have provided to the public on COVID-19.
Most people, it turned out, behave responsibly even when their governor isn’t micromanaging their lives.
Millions of Illinois taxpayers who have been laid off or had their pay cut will pay for public work but see no shared sacrifice.
My ace research assistant sadly brought this to my attention.
A surprise for the administrators which, not surprisingly, they didn’t even ask about.
It’s not just that people are moving out.
“Ask not about your retirement security.” By: Mark Glennon* A major turning point is coming soon that will change the pension debate, and it may be here already — a hopelessly broken retirement system driving people away from government service. The primary argument for our public defined benefit pension system is usually this: The security it offers is needed to attract good employees, and public workers accept lower pay (arguably) than private workers in exchange for more generous retirement benefits. Is that still true? Hasn’t it reversed and become a deterrent? Don’t public employees and
March 21, 2014 By: Mark Glennon How much of the new revenue that would come from higher taxes on Illinois’ rich would be cancelled out because they leave or change their residence? While anecdotal evidence is overwhelming, don’t expect your lawmakers to have the most obvious empirical data they should have to answer. House Speaker Michael Madigan yesterday proposed a referendum to authorize a 3% surcharge on incomes over $1 million, which he claims will raise $1 billion per year. More generally, progressives in Illinois want a graduated income tax placing a higher burden on the rich. Astonishingly, nobody
November 7, 2013 By: Mark Glennon Spend some time collecting signatures on petitions in high income areas like Kenilworth, Lake Forest or Winnetka to put candidates on the ballot for Illinois elections and you’ll too often hear something like this: “Sorry, I’ve changed my residence out of state,” or “I vote in Florida now.” Still more people joke about it, saying they intend to change their legal residence soon. I’ve heard it myself collecting signatures in those places and repeatedly from volunteers working with me on a petition drive. For the very wealthy — folks with second or third homes
Does the additional revenue that comes from a tax increase get cancelled out, in whole or in part, because taxpayers — especially high earners — leave or change their residence? Astonishingly, nobody in Illinois government has attempted to answer these questions and the state has no data, no study, no clue. I’ve asked several legislators from both parties and searched myself, but nothing is there. The anecdotal evidence says the problem is severe. Examples are reported publicly fairly often. Tax planners say changes of claimed residency are now shooting up. A partner at a major Chicago law
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