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Jack up property taxes for pensions, say three Chicago Fed economists
Chicago business ^ | May 14, 2018

Posted on 05/15/2018 2:03:25 PM PDT by InvisibleChurch

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Ugh.
1 posted on 05/15/2018 2:03:25 PM PDT by InvisibleChurch
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To: InvisibleChurch

Would you pay 40 percent more in property taxes if it would wipe out the state’s crippling pension debt? Yes No See results vote online survey .....................

97% NO!....................


2 posted on 05/15/2018 2:06:10 PM PDT by Red Badger (Remember all the great work Obama did for the black community?.............. Me neither.)
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To: InvisibleChurch

Why don’t they copy the Seattle employer tax? (Of course, I live in a neighboring state so I’d welcome the businesses that would run away screaming.)


3 posted on 05/15/2018 2:07:59 PM PDT by Obadiah
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To: Red Badger

Sure, institute a wealth tax to guarantee the mismanaged, overpaid, and corruptly generated pension obligations.

The life of a government apparatchik is easy and comfortable.


4 posted on 05/15/2018 2:08:08 PM PDT by Pearls Before Swine ("Married with children.")
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To: InvisibleChurch

One way U-Haul business must be peaking.


5 posted on 05/15/2018 2:08:09 PM PDT by Raycpa
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To: InvisibleChurch
Lol, there's a poll at the linked site: "Would you pay 40 percent more in property taxes if it would wipe out the state's crippling pension debt?"

Running 97% against.

6 posted on 05/15/2018 2:08:33 PM PDT by Zuben Elgenubi (NOPe to GOPe)
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To: InvisibleChurch

Is this just the state pension debt? Would the city of Chicago need to levy its own additional tax to pay its pension liabilities??

What about literally every governmental unit in Illinois, with their own obligations, over and above the state obligation????


7 posted on 05/15/2018 2:08:35 PM PDT by Dilbert San Diego
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To: Obadiah

Where are you going to settle all those refugees from the Sucker State?


8 posted on 05/15/2018 2:10:27 PM PDT by Ken H (Best election ever!)
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To: InvisibleChurch

These morons in Illinois made their own beds. Let them lie in it.

No one forced them to live in a corrupt state. No one forced them to vote for crooks and democrats.


9 posted on 05/15/2018 2:11:17 PM PDT by Responsibility2nd
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To: Ken H

I’d hate to be in the “late” group trying to escape. Who would buy their over-taxed property? Get out while you are still able to do so.


10 posted on 05/15/2018 2:12:35 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: InvisibleChurch

“Politicians say ‘more taxes will solve everything’.....and the band played on....”


11 posted on 05/15/2018 2:12:37 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Red Badger

I think the dem pols who voted for this should be assessed a 40% tax on personal property...no matter where they live!


12 posted on 05/15/2018 2:13:27 PM PDT by Freedom56v2 (#KATE'SWALL Build it Now)
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To: InvisibleChurch

Illinois Liberal politicians might view a property tax increase as a new government revenue stream from which they can spend yet more taxpayer money on more government pension increases and more “free” government services to the “needy”...


13 posted on 05/15/2018 2:14:21 PM PDT by SteveH
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To: Responsibility2nd

Yeah, just move away from ailing parents and jobs...


14 posted on 05/15/2018 2:14:30 PM PDT by Freedom56v2 (#KATE'SWALL Build it Now)
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To: InvisibleChurch

Years ago I turned down a nice company promotion because it would require me to move from the American south to CHICAGO!
THANK GOD!!!


15 posted on 05/15/2018 2:15:03 PM PDT by Dick Bachert (Why are damn near ALL the SEX FIENDS Democrats?)
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To: InvisibleChurch
  1. They need to review the pensons and see if they are reasonable. Including if the pension is reasonable compared to most pensions, and if their were games played in the last couple of years such as excessive overtime to spike the value of the pension.
  2. They need to ban pensions in favor of fully funded 401K plans. Members of governments should not be allowed to enrich themselves as the expense of their subjects.

16 posted on 05/15/2018 2:15:04 PM PDT by DannyTN
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To: InvisibleChurch

Government manages things poorly, government seeks to steal cash from homeowners, homeowners say no.


17 posted on 05/15/2018 2:15:07 PM PDT by Architect of Avalon
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To: Responsibility2nd

Amen!
They made their own bed.


18 posted on 05/15/2018 2:15:31 PM PDT by tennmountainman ("Prophet Mountainman" Predicter Of All Things RINO...for a small fee.)
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To: InvisibleChurch

LMAO. Right. And Illinois politicians will suddenly get religion and live within their means. No chance they will continue spending out of control, eh?


19 posted on 05/15/2018 2:15:46 PM PDT by Timmy
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To: InvisibleChurch

One word fits - NO!


20 posted on 05/15/2018 2:15:48 PM PDT by Thank You Rush
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