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Originally Posted by IrishIllini
I think a progressive state income tax would better allow Illinois to better fund public schools at the state level.
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A progressive income tax would require changing the Illinois constitution. If we're doing that, lets also amend the whole "benefits to public employees may not be diminished" clause thats bankrupting our state.
Quote:
Originally Posted by the urban politician
^ As I've stated many times, along with many others, and without any sensible refutation of my point having materialized:
Chicago gentrifies or dies.
Period.
So if you "fight" gentrification (which I don't even know quite how you do that) you are an enemy to the city, as far as any reasonable person who cares about Chicago is concerned.
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A bit on the dramatic side, but I completely agree. The exponential growth in pension debt that's burdening the city can only be solved by an equal or greater exponential growth in property valuations in the city.
The question is, how long will this model be sustainable for? Something needs to happen on the spending end of this equation.
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Originally Posted by Vlajos
^ that's a lot of "who cares?"!!!! What Illinois needs is a real fiscal plan that won't further soak the taxpayers. So far all JB has done is propose higher income taxes and new spending.
That is a recipe for disaster.
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Exactly. All these pols look to the revenue side of things. We are already one of the highest taxed states in the US. We absolutely need to cut waste and unsustainable spending. There really is no other solution. Driving out the tax base with ever more draconian tax levies just makes the problem worse. In the end, you will only be left with net beneficiaries of the tax code, with no one left to pay into it. The whole system will grind to a halt and leave everyone worse off for it.