...they didn’t pay attention to what happen in NY....
Illinois loses the equivalent of the entire population of the town we live in every year.
Every single year. That’s the net number.
We will soon be among them.
L
The debate over “the rich fleeing” is a false one. Its not about “the rich.”
America’s wealthiest people can go wherever they like, or like Jeff Bezos, buy political protection as needed
States like Illinois high taxes fall on the middle-class and workers. THEY pay all the high property taxes, sales taxes, payroll deductions, insurance schemes, gas taxes, license fees all foisted on us by leftist politicians looking to redistribute wealth through their own hands.
Problem is they create the same atmosphere wherever the move to.
I think Illinois is in the worst shape of any state. New Jersey is a close second. If you live in Illinois, my advice is get out now. Sell your house. Sell your business or take another job. Do it before the excessive regulations and coming tidal wave of taxes crushes your business and causes a truly mass exodus. That will crush your home value too.
Illinois has chained itself to the Titanic after it hit the iceberg. Its going down. There is no way to avoid all the massive pension obligations to public sector labor unions. Those will never be cut until every last other resource has been exhausted trying to pay them. That means you. The politicians are coming directly for your wallet even more than they are now - and soon. Leave now with as much of your net worth still in your hands as you possibly can.
At least twice a month for the past 2 year I’ve had headhunters calling me to consider positions in CA, MA, NJ, NY, and Il. I tell them every time that I’m not interested in East/West Coast or the commie step-child of the Midwest because of taxes, cost of living, and over-regulation.
The usual reply I get is something along the lines of: ‘yeah, I’m hearing a lot of that’ or ‘yeah, the locals are looking to move out as well’.
I know businesses are moving as well, but I don’t think they’ve reached the rate that the people have. Eventually I don’t think they are going to have a choice if they want to find employees.
saw this yesterday:
Chicago will never go for it because under the current bankruptcy code municipalities can file for bankruptcy, states cannot.
Which is why the Dems want to kill the Internal Combustion Engine [ICE] and Airplane travel...........so YOU CANNOT LEAVE!......................
Wait until they start pushing a "wealth tax". That's where the real money is.
One Dem running for President is already doing that. E. Warren I believe it is. Her proposal is something like 2% for anything over 100 million.
But of course it wouldn't stay that low for long.
Over time it'd be half or more of the value of everything you own and three quarters of anything you leave as an inheritance. It's coming folks, almost certain.
It aint rocket surgery!
But, in Illinois it is the rich who are bashing the rich. what they are not telling you is that most of the high income areas are voting Democrat. Just look at who is Governor! Who runs the media, poor people? If the rich want to spend the money and run the state like this then why shouldn’t “the rich” pay the lion share of the taxes?
The government hates competition?
THIS crap . . . is why each state should have one legislative house apportioned equally county-by-county, rather than by one-man, one vote, and why the governor should be elected by an electoral college-style system on a county-by-county basis, rather than by a simple popularity contest.
In ILL-a-NOISE, you may still get a Democrat governor, but at least he would POSSIBLY be more moderate, since Shee-CAR-GO-Land wouldn’t be the only influence in town.
(Meanwhile, in Maryland, our popularity contest governor, Hogan, is perhaps the lousiest “Republican” ever to occupy the governor’s mansion.)
Illinoise will have to invade Indiana to seize assets. Socialism always runs out of someone else’s money.
Here’s part of the reason for the Chicago exodus; Will John Kass look into it ?
http://www.freerepublic.com/focus/f-news/3724801/posts#6
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This is just one of many, many examples of high-income earners giving back.
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Give ‘back’?? I’ve NEVER seen the ‘rich’ take from the ‘poor’, but sure do see the reverse.
Illinois has the problem of having a state Constitutional provision that says, the pension and retirement benefits of public employees shall not be reduced. The legislature made unrealistically high assumption about the return on investments by the pension trust fund authorities, and failed to pay in enough tax revenue over the years so that there are only two ways out a) find a way to earn way above market returns with little or no risk, or b) jack up tax rates to fund dramatically higher contributions. It is the second approach that is driving folks out of the state. With no way to reduce payments to retirees, the only solution is to increase contributions from taxpayers.
Hence, folks gonna vote with they feetz!
“Rich” also includes retirees living off their 401k proceeds and Social Security.
Sort of off topic, but I’m so sick of this “giving back” crap. Liberals get away with twisting things into something that supports their ideology. It should be called just “giving” or “charity”. Giving back turns charity into an exercise in guilt and obligation. It really bugs me when they talk about rich athletes who were raised in dangerous ghettos that did nothing for them now “giving back”. They don’t owe those neighborhoods anything. They managed to get out alive and accomplish something.
Liberals destroy the language for their own ends. Socialists become progressives, illegal aliens become undocumented immigrants. Justice is not good enough. It has to be made into social and economic justice. Violence is gun violence. Why isn’t there hammer violence or fist violence? Homosexual becomes gay. How do they get away with this?
I avoid even driving through Illinois.