Today, the Chicago Tribune has a column by John Bouman, identified as President of the Sargent Shirver National Center on Poverty Law in Chicago:
I won’t critique all of his arguments, except to point out the most obvious flaw:
Why he decides to put property taxes into his argument is beyond me.
Come to think, I know the reason.
If he had talked only about income taxes he would have had to have pointed out that the rich pay 4.95% of their income in income taxes and so do the poor. (In fact, because of the same exemption for all, the poor pay a bit lower percentage than do the rich.)
If he is going to includ local taxes, then he should be arguing for an income tax rebate for those of us who pay way so much more in real estate taxes than I’ll bet he and virtually all of the politicians tying to shove a graduated income tax down our throats (probably living in Cook County) do.
In any event, my biggest beef is that he does not put the word “fair” in quote marks.
As my public finance professor at the University of Michigan said, observing the obcious, the only “fair” tax is the one the other guy pays.
When the DEMSHEVIKS start proffering the word “fair” in regard to taxes, you know
that you are in for an epic financial sodomizing.
Unfortunately, Illinois is overrun with stupid people who will gleefully eat that
crap cake like it’s Halloween candy.
Did my post “trigger” you, Little Joey Blowhard ?
What about you, Little Tommy Snowflake ?
Too bad, deal with it.
#TRUMP2020 – Deus Vult !
I’ll start listening to lectures on taxes from this nonprofit, when they change their status and actually have to pay taxes.
There is no fair tax for a debt scam.
The Illinois Pension Scam.
Legislatively hiking pension and retiree healthcare benefits, and overly generous salary hikes, when pensions are already underfunded, is a scam that occurred in one form or another every year after after the pension sentence was approved with many other changes to the rewritten state constitution at a special election on December 15, 1970.
The pension sentence has been interpreted by the the Illinois Supreme Court to mean pensions and retiree healthcare cannot be diminished or impaired.
So even though pension and retiree healthcare debt existed, the benefits and salaries were hiked, resulting in more debt.
No different than charging more to a credit card every year, even though the balance keeps increasing and is never paid in full.
Imagine the interest that would rack up after 50 years.
In the case of pensions, there is no balance when the pensions are 100% funded.
Anything less results in pension interest.