Posted on 05/18/2023 5:50:56 AM PDT by Rummyfan
You’ve got to appreciate brand-spankin’ new Chicago Mayor Brandon Johnson for being so forthright about what he intends to do to his struggling city. Johnson promised at his inauguration on Monday to “build a Chicago that means our economy gets to grow by rerouting the rivers of prosperity to the base of disinvestment,” whatever that means, “So that no one goes thirsty.”
What it really means is new and higher taxes, and Johnson’s “progressive” allies, Saqib Bhatti and Gabriela Noa Betancourt, stepped immediately into action, releasing a fiscal blueprint for the city called “First We Get the Money.”
The name was chosen by the Action Center on Race and the Economy (ACRE) policy organization after “Pay Up, Sucka” scored slightly lower with focus groups.
The package includes a metric butt-ton of new spending, naturally, but it’s the $12 billion in new taxes that will make people scream in agony. For reference, Chicago’s “historic” “recovery” budget last year was “just” $16.7 billion.
New or increased taxes include but are not limited to:
An annual head tax of $33 per worker for companies with 50+ employees
Quadruple the tax on jet fuel.
A 3.5% income tax on households making more than $100K
A 0.4% “wealth tax” for the top 10% of city earners.
$1-2 transaction tax for financial exchanges.
Needless to say, the taxes mostly hit one kind of Chicagoan with two particular (but related) skills: The ability to pay and the ability to get the hell out of Dodge and not pay.
(Excerpt) Read more at pjmedia.com ...
Progressives like ACRE might try to impose $12 billion in taxes, but they’ll never collect them. What they can do, though, is accelerate Chicago’s slow-motion suicide.
Going to get my favorite pop corn, Fiddle-Faddle, and sit back and watch Chicago news.
And they thought Beetlejuice was bad.
is chicago the new san francisco?
I got lots of popcorn on hand. Ya gotta dig really deep to (s)elect someone worse than groot to run chicongo. But, they did it.
The old mayor was an idiot. The new mayor, might even be a bigger idiot.
“..And they thought Beetlejuice was bad....”
Yep. New demon same as the old demon....if not worse.
Sure, but with a *LOT* more blacks (29% vs 5%) and a *LOT* more shooting. I wish I could find the correlation. /s
Get lots more money to pretend to fix the problem..that the previous large amount money didn’t fix.
“Chicago’s new Democratic mayor, Brandon Johnson, during his Monday inauguration speech, compared the recent murder of a city police officer to the 2021 shooting death of an armed teen by police.
Johnson, who has come under fire over his past comments expressing support for the “defund the police movement,” told the crowd at the inauguration, “The tears of Adam Toledo’s parents are made of the same sorrow as those of Officer Preston’s parents.”
He was referencing 24-year-old Chicago police officer Areanah Preston, who was tragically shot to death outside her South Side home on May 6 after returning from a night shift, and 13-year-old Adam Toledo, who was shot by a police officer while armed during a foot pursuit in March 2021.”
Escape, just don’t come to Texas.
BTTT
What he doesn’t realize, or does but just doesn’t care, is that many of the key financial players in the city can, uh, leave. Capital is mobile. You want to tax the Merc? It moves to Indianapolis or Des Moines? You want fees on jet fuel? Have your next trade show at Orlando or Vegas, which have larger, cheaper facilities. You want to tax the middle class? They’ll sell their houses for what they can get and move.
I can see an older Chicago cop hanging on to qualify for a pension. But why would any sharp young person consider joining the Chicago police?
I can’t think of a single reason. Which means that going forward, Chicago will have to scrape the bottom of the barrel.
Calling this suicide assumes facts not in evidence.
The deed has already been accomplished. We’re just watching the corpse rot.
The ansswer is to take in a lot more illegals and get Federal money to spend on them. Don’t give the illegals the money but keep it for other wasted ideas.
We need many more busses of illegals shipped there.
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