Progressives want to provide $279 monthly payments by raising to 9.95 percent the Illinois inheritance tax, which applies to estates worth $4 million or more.
When responsible working taxpayers become a minority voting block, expect accrual of political wins through promising rewards to the non-productive, even to criminals, who at times seem to outnumber law-abiding citizens. What could go wrong? When it crashes, they will just blame the other party, the “bad people,” for necessary austerity. The high expense of overly big government makes it extremely difficult for honest people to get by or raise a family by legal employment, therefor driving many either to criminality or unbalanced empathy for the criminal class…or just to get out of Dodge without further delay.
Last edited 5 years ago by Ambiguous End
debtsor
5 years ago
Socialists have a crazy sense of ‘justice’.
Aaron
5 years ago
Illinois is intentionally taking all the money from its citizenry.
Lyn P
5 years ago
More politico idiocy. Even without leaving IL, this level of wealth grants such holders the ability – and the deserved motivation – to find other safe harbor paths for the assets.
Lessons never learned by the tax-tentacles crowd.
BB
5 years ago
Time to Leave
LessonLearned
5 years ago
Sure. Give the wealthy one more reason to make some other state their residence.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
https://www.youtube.com/watch?v=feMTUSfKNTc&t=2s worth a watch.
Moving out, bitcoin or gold will be the answer.
Does this apply to the Cayman Islands?
When responsible working taxpayers become a minority voting block, expect accrual of political wins through promising rewards to the non-productive, even to criminals, who at times seem to outnumber law-abiding citizens. What could go wrong? When it crashes, they will just blame the other party, the “bad people,” for necessary austerity. The high expense of overly big government makes it extremely difficult for honest people to get by or raise a family by legal employment, therefor driving many either to criminality or unbalanced empathy for the criminal class…or just to get out of Dodge without further delay.
Socialists have a crazy sense of ‘justice’.
Illinois is intentionally taking all the money from its citizenry.
More politico idiocy. Even without leaving IL, this level of wealth grants such holders the ability – and the deserved motivation – to find other safe harbor paths for the assets.
Lessons never learned by the tax-tentacles crowd.
Time to Leave
Sure. Give the wealthy one more reason to make some other state their residence.