Ted joined Shaun Thompson to talk about about the Chicago Teachers Union’s absurd new contract demands, why so many Chicago teachers are chronically absent, and Brandon Johnson’s failed first year as mayor.
What a representation of Chicago’s plight.
The bill passed despite their votes in response to certain incidents where local prosecutors are thought to have been too lenient with non-citizens assaulting cops.
The Wall Street Journal Editorial Board cited Wirepoints’ analysis of Chicago student proficiency data in their latest piece condemning the Chicago Teachers Union’s outrageous contract demands…all while a vast majority of Chicago’s children graduate unable to read at grade level.
Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Well, this doesn’t bode well for Illinois. According to Census figures, from 2000-2010, Illinois’ 65+ population was between 12-12.5%. Now, it’s 16.1%. The fastest growing segment of the population – the ones with the money – is exempt from paying state income taxes.
I’ve said it many times…Illinois’ tax base doesn’t have to leave the state for it to shrink, merely retire. How long can the state go exempting all retirement income from taxation?
The longer you wait the more impossible it will be to implement. Those 16.1% make up about 21% of the eligible voters over 18. They also tend to vote at a higher rate than the younger ones which means they probably make up 25-30% of Illinois likely voters. You would need to have retirement income tax only for the “rich” retirees or it will never happen. Even then, nobody wants to touch this. The state will eventually need to start taxing services to make up for this demographic change.
Much like the Fair Tax, taxing only the rich retirees will be seen as a gateway to taxing ALL retirees. You’re right, it’ll never pass.
Imagine the outrage when they try to tax grandma’s beauty salon visit and grandpa’s lawn service.
Exactly. Illinois is far different from nearby states in services taxing. Lawn services are already taxed in “low tax” Kentucky, for instance, as are insurance premiums!
But Kentucky’s effective property tax rate is about 1/3 or what we pay. I’ll gladly exchange a tax on services in exchange for a 67% tax cut on my property taxes.
The benefit of moving to Kentucky was the cheaper housing costs. KY overall is up 36% in 5 years and nearly 20% in the last two years. That’s the statewide average. Some homes in Lexington are up over far more than 50% in five years. Your nice $258,000 modest home during the Trump era with a little acreage is now $498,000. This home just closed yesterday. https://www.redfin.com/KY/Versailles/2958-Keene-Troy-Pike-40383/home/111245977 Sure the taxes are only $3,000 to $4,000 (unfortuantely no included in the redfin listing). But it will take you 15 years to ‘save’ on taxes to make up for the increased price… Read more »
The intangible in KY is it has no Pritzker, no Lightfoot, no Preckwinkle. No Durbin, no Lightford, no CTU. Worth the price of admission when you weigh that in.
“Even then, nobody wants to touch this.” Many of these elderly, and the soon to be retired, likely vote Republican, especially the white ones in rural, exurban and some suburban areas. Let’s reassess this position after the 2022 mid-terms. The epic gerrymander may be a dummymander when they find out many of those suburban seats were leased, not owned. Maybe Springfield Democrats will change their mind on this issue when they discover the elderly on fixed incomes (aka measured retirement withdraws) have turned against them because of inflation and crime. We know Springfield is vindictive. It will become time to… Read more »