Politicians promise a progressive tax will only hit the rich…they always end up hiking taxes on the middle class, too. – Wirepoints on with Jeff Daly of WZUS Decatur Radio

Ted joined Jeff Daly of WZUS Decatur to talk about the reintroduction of Pritzker’s progressive tax scheme, the fact that states across the nation are moving toward flat or no income taxes, why the government’s focus on handouts is so destructive, Gov. Pritzker’s unwillingness to admit to Illinois’ out-migration problems, and more.

To listen, click on Thursday, January 5, 2023 Podcast Hour 2

Interview begins at 10:15

Read more from Wirepoints:

16 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Poor Taxpayer
3 years ago

Illinois chased Ken Griffen out of the State into Florida (just like all the cops go).
Citadel’s $16 Billion Gain In 2022 Makes Ken Griffin’s Firm The Top-Earning Hedge Fund Ever.Just one more of Illinois success stories.

Riverbender
3 years ago

Let’s see…what President imposed the first income tax? Why no other than Abraham Lincoln a fine Illinois Republican to finance his civil war. Another tax and spend politician involved in racial issues that really didn’t concern Illinois imposing his will upon others. Illinois politicians…do they ever change?

jajujon
3 years ago
Reply to  Riverbender

You conflate financing a civil war to achieve emancipation and save the Republic with funding a mismanaged and corrupt state? There are plenty of other examples of Republican spending sprees without attempting to tarnish the reputation of Abraham Lincoln. Do better, Riverbender.

Riverbender
3 years ago
Reply to  jajujon

Certainly your opinion that many others do not share in this day of information. and speaking of things in today’s world causing grief to civilian targets is considered immoral. So, with that in mind, how many civilians were deliberately attacked by Lincoln’s soldiers?
Don’t get me started on corruption so I don’t have to dig up facts on the railroad expansion under Lincoln because once again we would find he was just another Illinois politician.
So many interesting things have been exposed in our new era of information; perhaps you should keep up.

Poor Taxpayer
3 years ago

This will be the kiss of death for Illinois. Right now, more and more people are fleeing because of crime and high taxes. This will be like throwing gas on a fire. The poor honest hardworking taxpayer will be left holding the bag.

Marie
3 years ago

Governor Pritzker is running for President. He’s going to promote whatever he thinks the Democrat Dummies in Washington agree with. For a man who spent as much on his own campaign as he did he has no problems with money and doesn’t care if the rest of us do. Might help to review history. Leaders who dictate socialism and get it eventually find themselves forced out of their country or assassinated. You go JB, can’t think of a better ending for you.

Stewie the Roof Baby
3 years ago

Politicians originally promised that the income tax would only apply to the rich. How’d that work out?

Old Joe
3 years ago

Yeah, “it’ll only apply to the rich” belongs with those expressions like “your check is in the mail.”

Pat S.
3 years ago
Reply to  Old Joe

Don’t forget the rest of the three greatest lies:

“I’ll respect you in the morning,” and

“I’m from the government and I’m here to help you.”

Giddyap
3 years ago

Once the flat tax is gone, it will the usual Illinois Democrat plan where taxes get automatically raised every year, as Democrats get another pay raise and steal all they can

Poor Taxpayer
3 years ago

Lie, it will only chase the rich out of the state. They will give Illinois one last KISS GOODBYE. After they leave the middle-class taxes will really increase. This is just another nail in the coffin of Illinois. The problem is not taxes, Illinois has some of the highest in the nation. The problem is GREEDY HUGE PENSIONS. There is a HUGE pension TIME BOMB going off right now.

Willowglen
3 years ago
Reply to  Poor Taxpayer

I am not so sure that a progressive tax will chase the truly rich out of the state. What it will do is cause the upper tranche of the middle class on greater numbers than today out of the state. The combined per taxpayer debt for Chicago taxpayers with City and State pension debts included? Around 100k each. This class is the one which will be called on to carry the freight. What would be nice to know is the minimum income level which can realistically pay down this debt? Certainly those at 150k or less can’t do much. 250k?… Read more »

Admin
3 years ago
Reply to  Willowglen

One shorthand way to answer that is to assume that only the top 10% of taxpayers can contribute meaningfully to that debt. Progressives often say that only the top 10% should be targeted for higher taxes. With that assumption, simply multiply by ten that $100K per taxpayer number and you get how much of a liability the top 10% would face. And do it per family you get many millions.

willowglen
3 years ago
Reply to  Mark Glennon

Mark – very useful. And even a well off family is not going to want to pay even a million for work long ago performed (pension obligations).

Riverbender
3 years ago

Maybe the middle class deserves higher taxes. Consider that after all they don’t take the time out of their so very precious, to them, lives to get out and vote

debtsor
3 years ago
Reply to  Riverbender

Why vote when your ballot is automatically harvested by Democrat operatives?

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

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.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE