Chicago braces for biggest property tax hike... ever!

  • metta

    Posts: 39134

    Sep 09, 2015 5:41 PM GMT
    Chicago braces for biggest property tax hike... ever!



    http://www.cnbc.com/2015/09/03/chicagos-tax-nightmare.html


    icon_eek.gif
  • bobbobbob

    Posts: 2812

    Sep 09, 2015 8:50 PM GMT


    Change the name to Detroigo or Chicatroit.

    These are the EXACT circumstances and reactions that led to Detroit becoming an economic ghost town; first, the implosion of their unionized city employees' and teachers' retirement Ponzi scheme, then, jacking up property taxes and adding more taxes to attempt to pay it off. How can they expect any better results than Detroit 's idiocy did?

    As pointed out in the the article, with 40% of the people who pass through Chicago's public school never finishing 12th grade they have produced one of the greatest voting constituencies of urbanized illiterates in the US that will soon be the dominant majority once the exodus of jobs and businesses begins.

    But it's not just Chicago. It the whole state of Illinois.


    http://www.illinoispolicy.org/illinois-pension-debt-its-worse-than-you-imagined/

    But here's the good news spin put on the state pension scam 2 years ago.
    Be sure to read the last line.

    http://articles.chicagotribune.com/2013-10-21/news/chi-cullerton-pension-debt-not-a-crisis-but-about-lowering-taxes-20131020_1_cullerton-pension-payments-pension-reform
  • jock_1

    Posts: 1491

    Sep 09, 2015 9:29 PM GMT
    Should be loved by the democrats. They love higher taxes. Too bad it wont even go to bail out the city, just to bail out the public sector unions and their pensions and benefits. 136& tax hike is just not enough. 10.5% sales tax is just not enough. More, more, more. Fucking morons.
  • roadbikeRob

    Posts: 14354

    Sep 10, 2015 2:39 AM GMT
    bobbobbob said

    Change the name to Detroigo or Chicatroit.

    These are the EXACT circumstances and reactions that led to Detroit becoming an economic ghost town; first, the implosion of their unionized city employees' and teachers' retirement Ponzi scheme, then, jacking up property taxes and adding more taxes to attempt to pay it off. How can they expect any better results than Detroit 's idiocy did?

    As pointed out in the the article, with 40% of the people who pass through Chicago's public school never finishing 12th grade they have produced one of the greatest voting constituencies of urbanized illiterates in the US that will soon be the dominant majority once the exodus of jobs and businesses begins.

    But it's not just Chicago. It the whole state of Illinois.


    http://www.illinoispolicy.org/illinois-pension-debt-its-worse-than-you-imagined/

    But here's the good news spin put on the state pension scam 2 years ago.
    Be sure to read the last line.

    http://articles.chicagotribune.com/2013-10-21/news/chi-cullerton-pension-debt-not-a-crisis-but-about-lowering-taxes- 20131020_1_cullerton-pension-payments-pension-reform
    You think that Los Angeles and New York City are any bettericon_question.gif Aren't those two giant coastal metropolises facing increasingly severe budget problems and proposing much higher taxesicon_question.gif
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    Sep 10, 2015 2:47 AM GMT
    roadbikeRob said
    bobbobbob said

    Change the name to Detroigo or Chicatroit.

    These are the EXACT circumstances and reactions that led to Detroit becoming an economic ghost town; first, the implosion of their unionized city employees' and teachers' retirement Ponzi scheme, then, jacking up property taxes and adding more taxes to attempt to pay it off. How can they expect any better results than Detroit 's idiocy did?

    As pointed out in the the article, with 40% of the people who pass through Chicago's public school never finishing 12th grade they have produced one of the greatest voting constituencies of urbanized illiterates in the US that will soon be the dominant majority once the exodus of jobs and businesses begins.

    But it's not just Chicago. It the whole state of Illinois.


    http://www.illinoispolicy.org/illinois-pension-debt-its-worse-than-you-imagined/

    But here's the good news spin put on the state pension scam 2 years ago.
    Be sure to read the last line.

    http://articles.chicagotribune.com/2013-10-21/news/chi-cullerton-pension-debt-not-a-crisis-but-about-lowering-taxes- 20131020_1_cullerton-pension-payments-pension-reform
    You think that Los Angeles and New York City are any bettericon_question.gif Aren't those two giant coastal metropolises facing increasingly severe budget problems and proposing much higher taxesicon_question.gif

    Yes, other cities are in the same boat. They share the failure of the Democratic Party policies.
  • roadbikeRob

    Posts: 14354

    Sep 10, 2015 2:54 AM GMT
    socalfitness said
    roadbikeRob said
    bobbobbob said

    Change the name to Detroigo or Chicatroit.

    These are the EXACT circumstances and reactions that led to Detroit becoming an economic ghost town; first, the implosion of their unionized city employees' and teachers' retirement Ponzi scheme, then, jacking up property taxes and adding more taxes to attempt to pay it off. How can they expect any better results than Detroit 's idiocy did?

    As pointed out in the the article, with 40% of the people who pass through Chicago's public school never finishing 12th grade they have produced one of the greatest voting constituencies of urbanized illiterates in the US that will soon be the dominant majority once the exodus of jobs and businesses begins.

    But it's not just Chicago. It the whole state of Illinois.


    http://www.illinoispolicy.org/illinois-pension-debt-its-worse-than-you-imagined/

    But here's the good news spin put on the state pension scam 2 years ago.
    Be sure to read the last line.

    http://articles.chicagotribune.com/2013-10-21/news/chi-cullerton-pension-debt-not-a-crisis-but-about-lowering-taxes- 20131020_1_cullerton-pension-payments-pension-reform
    You think that Los Angeles and New York City are any bettericon_question.gif Aren't those two giant coastal metropolises facing increasingly severe budget problems and proposing much higher taxesicon_question.gif

    Yes, other cities are in the same boat. They share the failure of the Democratic Party policies.
    It is not just the central cities, it is also all the older, first ring suburbs that are in the same boat as evidenced by business and residents moving further out into the younger outer ring suburbs and rural exurbs.
  • bobbobbob

    Posts: 2812

    Sep 10, 2015 3:01 AM GMT
    roadbikeRob said You think that Los Angeles and New York City are any bettericon_question.gif Aren't those two giant coastal metropolises facing increasingly severe budget problems and proposing much higher taxesicon_question.gif


    I imagine they are along with as many as 100 other cities run the same way. I KNOW Birmingham Alabama is close to imploding. I have cousins who work there. Businesses are covertly cooperating to skirt extreme measures to skirt outrageous fees and taxes being imposed on them by city government. (Wish I could list some of them - they're hilarious!)

    Don't forget St Louis, Atlanta, Jacksonville Fl, Memphis, Montgomery.... Ihear about them most being down here in this region.


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    Sep 10, 2015 3:04 AM GMT
    Maybe they should stop this too....

    Illinois lottery sued for not paying winnings due to state budget impasse


    http://www.msn.com/en-us/news/us/illinois-lottery-sued-for-not-paying-winnings-due-to-state-budget-impasse/ar-AAe7onA?li=AAa0dzB
  • Posted by a hidden member.
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    Sep 10, 2015 3:05 AM GMT
    socalfitness said
    roadbikeRob said
    bobbobbob said

    Change the name to Detroigo or Chicatroit.

    These are the EXACT circumstances and reactions that led to Detroit becoming an economic ghost town; first, the implosion of their unionized city employees' and teachers' retirement Ponzi scheme, then, jacking up property taxes and adding more taxes to attempt to pay it off. How can they expect any better results than Detroit 's idiocy did?

    As pointed out in the the article, with 40% of the people who pass through Chicago's public school never finishing 12th grade they have produced one of the greatest voting constituencies of urbanized illiterates in the US that will soon be the dominant majority once the exodus of jobs and businesses begins.

    But it's not just Chicago. It the whole state of Illinois.


    http://www.illinoispolicy.org/illinois-pension-debt-its-worse-than-you-imagined/

    But here's the good news spin put on the state pension scam 2 years ago.
    Be sure to read the last line.

    http://articles.chicagotribune.com/2013-10-21/news/chi-cullerton-pension-debt-not-a-crisis-but-about-lowering-taxes- 20131020_1_cullerton-pension-payments-pension-reform
    You think that Los Angeles and New York City are any bettericon_question.gif Aren't those two giant coastal metropolises facing increasingly severe budget problems and proposing much higher taxesicon_question.gif

    Yes, other cities are in the same boat. They share the failure of the Democratic Party policies.
    Greed is a multi-partisan effort, and single parties are nothing more than "fall guys" to point a finger at.
  • ChicagoSteve

    Posts: 1277

    Sep 10, 2015 3:21 AM GMT
    I am planning to sell my condo, I have no choice, I am being priced out. This city is just going further and further down the drain economically. When the tax increases are put into effect, not only do I pay that directly, but my condo assessment will also go up because my apartment building will pass along their higher bills to us, the owners. Emmanuel is a disaster! I didn't even vote for him in the last election. What is wrong with the people in this city?
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    Sep 10, 2015 3:24 AM GMT
    paulflexes said
    socalfitness said
    roadbikeRob said
    bobbobbob said

    Change the name to Detroigo or Chicatroit.

    These are the EXACT circumstances and reactions that led to Detroit becoming an economic ghost town; first, the implosion of their unionized city employees' and teachers' retirement Ponzi scheme, then, jacking up property taxes and adding more taxes to attempt to pay it off. How can they expect any better results than Detroit 's idiocy did?

    As pointed out in the the article, with 40% of the people who pass through Chicago's public school never finishing 12th grade they have produced one of the greatest voting constituencies of urbanized illiterates in the US that will soon be the dominant majority once the exodus of jobs and businesses begins.

    But it's not just Chicago. It the whole state of Illinois.


    http://www.illinoispolicy.org/illinois-pension-debt-its-worse-than-you-imagined/

    But here's the good news spin put on the state pension scam 2 years ago.
    Be sure to read the last line.

    http://articles.chicagotribune.com/2013-10-21/news/chi-cullerton-pension-debt-not-a-crisis-but-about-lowering-taxes- 20131020_1_cullerton-pension-payments-pension-reform
    You think that Los Angeles and New York City are any bettericon_question.gif Aren't those two giant coastal metropolises facing increasingly severe budget problems and proposing much higher taxesicon_question.gif

    Yes, other cities are in the same boat. They share the failure of the Democratic Party policies.
    Greed is a multi-partisan effort, and single parties are nothing more than "fall guys" to point a finger at.

    If you look at who has controlled most of the major cities for many years, and their current problems, there is a strong correlation between Democratic rule/their policies (tax, unions, driving businesses out) and the problems of the cities
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    Sep 10, 2015 3:49 AM GMT
    ChicagoSteve saidI am planning to sell my condo, I have no choice, I am being priced out. This city is just going further and further down the drain economically. When the tax increases are put into effect, not only do I pay that directly, but my condo assessment will also go up because my apartment building will pass along their higher bills to us, the owners. Emmanuel is a disaster! I didn't even vote for him in the last election. What is wrong with the people in this city?


    We have the CUBS spring training facility here in mesa. Right across the street are some very nice apartments and or condos. We welcome you to warm and friendly Arizona. It's really not costly to live like a KING!!!
  • bobbobbob

    Posts: 2812

    Sep 10, 2015 4:19 AM GMT
    socalfitness said

    If you look at who has controlled most of the major cities for many years, and their current problems, there is a strong correlation between Democratic rule/their policies (tax, unions, driving businesses out) and the problems of the cities


    The determinant factor in all of them, for states (like Illinois) and cities isn't the political party as much as it seems to be the unions and more specifically their insane benefits that they are willing to pay into the millions in campaign finance to protect (legalized bribery) to any politician they can buy... regardless of the party.

    It's nothing new. It's the same basic story that turned the steel belt into the rust belt and sent railroads nationwide into bankruptcies in the 1970s and 80s. Just look at the top contributors to Democrats... all unions.

    Just as a convenient example from another thread, here's Barney Sanders list....

    Bernie-Sanders-Donors.png?1435409372
  • metta

    Posts: 39134

    Sep 10, 2015 5:34 AM GMT
    roadbikeRob said
    bobbobbob said

    Change the name to Detroigo or Chicatroit.

    These are the EXACT circumstances and reactions that led to Detroit becoming an economic ghost town; first, the implosion of their unionized city employees' and teachers' retirement Ponzi scheme, then, jacking up property taxes and adding more taxes to attempt to pay it off. How can they expect any better results than Detroit 's idiocy did?

    As pointed out in the the article, with 40% of the people who pass through Chicago's public school never finishing 12th grade they have produced one of the greatest voting constituencies of urbanized illiterates in the US that will soon be the dominant majority once the exodus of jobs and businesses begins.

    But it's not just Chicago. It the whole state of Illinois.


    http://www.illinoispolicy.org/illinois-pension-debt-its-worse-than-you-imagined/

    But here's the good news spin put on the state pension scam 2 years ago.
    Be sure to read the last line.

    http://articles.chicagotribune.com/2013-10-21/news/chi-cullerton-pension-debt-not-a-crisis-but-about-lowering-taxes- 20131020_1_cullerton-pension-payments-pension-reform
    You think that Los Angeles and New York City are any bettericon_question.gif Aren't those two giant coastal metropolises facing increasingly severe budget problems and proposing much higher taxesicon_question.gif



    Prop 13 stops them from increasing property taxes more than 2% per year and only if the value has increase enough to justify it.
  • bobbobbob

    Posts: 2812

    Sep 10, 2015 6:34 AM GMT


    Like that's ever going to stop desperate politicians from raising fees and taxes inventing new fees and taxes - mostly put on businesses which are in turn passed right on down the food chain to consumers.

    A few weeks ago I saw Andrew Puzder, CEO of CKE on TV talking about it takes less than 90 days to open a restaurant in most of Texas and over 400 days in Los Angeles starting with paying city fees for economic impact and environment impact studies all the way up to fees to get flower beds and landscaping approved.... and the expenses of doing business in places like Los Angeles are passed on to all their customers nationwide.
  • roadbikeRob

    Posts: 14354

    Sep 11, 2015 12:49 AM GMT
    bobbobbob said
    roadbikeRob said You think that Los Angeles and New York City are any bettericon_question.gif Aren't those two giant coastal metropolises facing increasingly severe budget problems and proposing much higher taxesicon_question.gif


    I imagine they are along with as many as 100 other cities run the same way. I KNOW Birmingham Alabama is close to imploding. I have cousins who work there. Businesses are covertly cooperating to skirt extreme measures to skirt outrageous fees and taxes being imposed on them by city government. (Wish I could list some of them - they're hilarious!)

    Don't forget St Louis, Atlanta, Jacksonville Fl, Memphis, Montgomery.... Ihear about them most being down here in this region.


    Also don't forget Milwaukee, Toledo, Cleveland, Buffalo, Rochester, Hartford, Newark, Philadelphia, and Baltimore.
  • Apparition

    Posts: 3529

    Sep 13, 2015 8:21 AM GMT
    this is actually a demographic problem. Started by the invention of the PILL in the sixties.

    baby boomers are about to bankrupt almost all of the european based countries because they all have the same problem, negative birth rates since genx.

    This is why germany is screaming for more syrian immigrants even though most people dont want them. They need more taxpayers to cover the loss of the babyboomers income taxes as they all retire and downsize EN MASSE.
  • tictactoe

    Posts: 29

    Sep 13, 2015 8:24 AM GMT
    Maybe the mayor just wants an excuse to tax the hell out of Oprah's 500 mansions scattered throughout Chicago. [shrugs]
  • metta

    Posts: 39134

    Sep 13, 2015 3:16 PM GMT
    Often times, large organizations (state governments, corporations, etc.) use human resource consultants to determine the proper pay and benefits for a job. Those consultants use actuaries to evaluate the data. To remain competitive and try to retain good employees, benefits and salaries have slowly gone up and up over time without taking into consideration of how they will be able to pay for those benefits in the future.

    I think that many executives and politicians realized this but they also realized that was far into the future and was 'not their problem' because most would not still be there by then. Our society has been designed to emphasize short term thinking (whether it is maximizing profits now or a job where you need to do things to make it look like you are doing a good job right now) and generally not care about the long term prospects. This is what we end up with, not to mention what this kind of thinking is doing to the environment over time.

    Well, we are here now, and the problem has grown worse. State governments, counties, cities, and even corporations have promised more than they can afford to pay. So what are these organizations to do? They have to pay what they promised or go bankrupt. Public organizations going bankrupt is not an easy thing to do. It is a mess but I don't think that it is a conservative or liberal issue.

  • roadbikeRob

    Posts: 14354

    Sep 14, 2015 12:59 PM GMT
    Apparition saidthis is actually a demographic problem. Started by the invention of the PILL in the sixties.

    baby boomers are about to bankrupt almost all of the european based countries because they all have the same problem, negative birth rates since genx.

    This is why germany is screaming for more syrian immigrants even though most people dont want them. They need more taxpayers to cover the loss of the babyboomers income taxes as they all retire and downsize EN MASSE.
    I thought that the Millennials were the biggest generation now and that the tax rolls would be slowly but steadily replenished by this massive young generation entering the work force.
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    Sep 14, 2015 1:10 PM GMT
    metta said
    roadbikeRob said
    bobbobbob said

    Change the name to Detroigo or Chicatroit.

    These are the EXACT circumstances and reactions that led to Detroit becoming an economic ghost town; first, the implosion of their unionized city employees' and teachers' retirement Ponzi scheme, then, jacking up property taxes and adding more taxes to attempt to pay it off. How can they expect any better results than Detroit 's idiocy did?

    As pointed out in the the article, with 40% of the people who pass through Chicago's public school never finishing 12th grade they have produced one of the greatest voting constituencies of urbanized illiterates in the US that will soon be the dominant majority once the exodus of jobs and businesses begins.

    But it's not just Chicago. It the whole state of Illinois.


    http://www.illinoispolicy.org/illinois-pension-debt-its-worse-than-you-imagined/

    But here's the good news spin put on the state pension scam 2 years ago.
    Be sure to read the last line.

    http://articles.chicagotribune.com/2013-10-21/news/chi-cullerton-pension-debt-not-a-crisis-but-about-lowering-taxes- 20131020_1_cullerton-pension-payments-pension-reform
    You think that Los Angeles and New York City are any bettericon_question.gif Aren't those two giant coastal metropolises facing increasingly severe budget problems and proposing much higher taxesicon_question.gif



    Prop 13 stops them from increasing property taxes more than 2% per year and only if the value has increase enough to justify it.


    Except for Mello-Roos districts
  • metta

    Posts: 39134

    Sep 14, 2015 3:28 PM GMT
    ^
    Yes, but those work a little differently. They are not taxes that can be increased from politicians or voting increases. Those are temporary, normally for 30 years, used to pay for the infrastructure of building the development (like roads, bridges, sewers, utilities, costs for more students at the schools, etc.). I have something like that (CFD - which is tax deductible) on my home and if I wanted, I could actually go down to city hall and pay it off. So I could actually eliminate that part of my property taxes if I wanted to. The payments go to pay off the bonds that were made to pay for these things.
  • jock_1

    Posts: 1491

    Sep 16, 2015 11:27 PM GMT
    Why aren't more democrats posting about this topic? They are the lovers of higher taxes. Chicago is a democratic city. Lets go democrats! Lets hear you spin this as being great.
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    Sep 17, 2015 3:01 AM GMT
    ChicagoSteve saidWhat is wrong with the people in this city?


    What's wrong with them? The blindly re-elect all the machine candidates. Chicago has been run by an arrogant (and corrupt) political machine for decades. The voters there deserve what they get.
  • metta

    Posts: 39134

    Sep 17, 2015 5:24 AM GMT
    As I said previously, this is more about society being designed to emphasize short term results than any party. Not all cultures are like that. The Japanese, for example, have a tendency to also look way into the future. That our society does not take this into consideration on a regular basis will be the downfall or our society. Look throughout history at the nations that were at one time the most advanced in the World. There were reasons why they all eventually failed as a World leader: whether you look at China, Rome, Spain, the UK, etc. One of our biggest downfalls is that we did not make sure to plan for the future: eg. climate change, technology vs job loses, etc.

    I have never known any Democrat, Independent or Republican that was in favor of unlimited taxes, with the exception of the people that are taking advantage of the system by doing the abusing, no one wants the government to be abusive.