Editorial: The dead end of ‘progressive’ taxation in Chicago – Chicago Tribune*

"But the employee tax proposal keeps coming back, year after year, from progressive aldermen who say it would get big retailers to pay their 'fair share.'...The logic is backward, however. Progressives who claim to want to lift struggling neighborhoods are the same aldermen who keep introducing job-killing proposals that perpetuate the exodus of employers from those same neighborhoods."
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NoHope4Illinois
5 years ago

The Tribune talks out of both sides of it’s mouth – they want fiscal responsibility rather than economic crushing taxes in Illinois, but support Joe Biden’s plan for +$4.5T in new direct taxes and a +$10T ‘Green New Deal’ which are indirect taxes. I mean, who are you!?

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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