-- Connecting the dots between our economy, government and business --
The progressive transfer tax hike was initially envisioned as a revenue source to fund affordable housing. It's not going to work out that way. Owners of big apartment buildings would get slammed, and they provide the primary housing option for lower-income groups. Higher cost means less supply.
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
A lot of pension funds are invested in apartment reits as well