“Taxing people higher and higher amounts to sustain a state (and municipal) level system of crony capitalist governance isn’t sustainable.”
(From Wire Points)
Between 2000 and 2010, the state averaged net losses of about $1.8 billion in taxable income each year. Since then, the state’s losses have accelerated by about $500 million a year, growing to $4.8 billion by 2016.
“Wealthy” Chicago Households On Hook For $2 Million In Debt Each Under ‘Progressive Solution’ To Pension Crisis