Illinois is not the place it used to be.
In the past, people said, “If you can’t find a job in Chicago, you can’t find one anywhere.”
With the better part of a half a century under Mike Madigan’s Democratic Party rule in the Illinois House, the state is effectively bankrupt.
Now Madigan has come up with his solution:
Tax the rich.
We now have a proportional income tax.
Everyone pays the same percentage of his or her income.
It’s not like the Federal income tax where the President and Vice President pay a smaller percentage of their incomes in tax that my family does.
Here is what has been proposed by Democrats:
Something Tribune columnist John Kass wrote is also relevant:
According to census reports, more than 100,000 people left Illinois last year, and almost as many left the year before. They don’t just leave for sunny Florida.
They run to other Midwestern states where they can find work, where they pay taxes.
“We continue to pass laws and put in place policies that are not good for people,” [State Comptroller Leslie] Munger told me. “And people vote with their feet. We’ve seen it for years.”
These refugees are the earners who’ve left.
And they represent the loss of billions upon billions of dollars in tax revenue each year.
What that means is there’s more tax pressure on those left behind in this economic wasteland of Madiganistan.
The highest earners pay a lot of the income tax.
They won’t have to pay it to Illinois if they move.