Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
So to sum it up, THE ILLINOIS TAXPAYER is gonna get screwed, hammered, hog tied, beaten beyond belief. And we the taxpayers of Illinois think it’s bad now. I can see property tax bills going up by at least half of what people pay now, in 2021 2022 and beyond. Springfield and local municipalities better tread carefully. Maybe it’s time to make believers out of Springfield.
The one good thing about counties under PTELL is that taxing bodies are limited to 5% or 1/2 of inflation whichever is less in increases by law they created. Home Rule may have additional taxing powers.