-- Connecting the dots between our economy, government and business --
Unhappy with the direction state budget talks are going, a group of Springfield’s leading progressive lawmakers today announced a new drive to move two much-discussed ideas that repeatedly have been shot down in the General Assembly: imposing a wealth tax and slashing the fee retailers get for collecting state sales taxes.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
This Is What Happens When Socialists Run Out Of Other People’s Money — They Try To Steal Something Else
What’s the net present value of a public sector pension?
On average, I’d say $2M. My guess is at least a third are +$4M
This will be another KISS OF DEATH for Illinois. The rich will flee in ever increasing numbers. Tax revenue will plumet for generations to come.
It’s NEVER a spending problem. It’s ALWAYS a revenue problem in Springfield.
This tax, since it can be applied to any specific assets or income (based upon specifics decided in Springfield), should start with taxation of the income derived from inter-vivos, grantor’s trusts, and generation-skipping trusts which Pritzker family enjoys. Governor can explain it in Springfield, and they can write language to tax it. Also, the fact that real estate assets like downtown hotels may be placed in trust and the inflationary appreciation is then protected from capital gains tax should be addressed.
The Governor can explain how it works, and Springfield can get right on taxing it properly.
Sue, I enjoy reading your prose and you sure do your homework.
Your medical insight is also appreciated.
Accelerate!