Another Bad Idea
- Chicago and the State of Illinois must find billions of additional dollars to fund pensions and pay bills.
There’s no getting around it.
The only honest question is, who’s going to pay?
Should we hit up, say, a middle-class truck driver who earns $50,000 a year? Should he or she pay more in state income taxes?
Or should we first hit up a retired corporate lawyer whose income in retirement tops $1 million a year. Right now, that lawyer doesn’t pay a dime on any pension he might have.
We’re on the side of the truck driver, and we bet you are, too.
Sure, advocate class warfare. So guess who can afford to shelter his income via various means? Live off capital gains? Afford to move out of Illinois or maintain a primary residence somewhere else and some BS condo here, if it isn't just a PO Box? And when all those that can afford to leave, who becomes the new top tier taxpayer?
How about cutting out lard? Streamlining services? Fix crooked contracting? Eliminate gold braid pensions (and outrageous pensions that outstrip actual salaries) that are based solely on political appointments?
How about cutting out lard? Streamlining services? Fix crooked contracting? Eliminate gold braid pensions (and outrageous pensions that outstrip actual salaries) that are based solely on political appointments?
Labels: money questions
posted by SCC at 12:01 AM
46 Comments:
The gold-braid has to go and it should be retroactively to the day before Phat Phil retired! Enjoy your more than adequate Lieutenant's pension there Phillie! You POS!
Being successful is a bad thing. Bad bad bad.
Fuck the corporate lawyer
When the tax plan is implemented the first year’s revenue will go towards pension relief. Pols in subsequent years upon seeing the staggering sums of monies flooding the state’s coffers will promise pension relief, but steer the tax revenues to pet projects to reward contractors for their political donations. And we end up right where we started, broke and underfunded pensions. This will happen because Illinois has a history of unfulfilled promises.
The democrats are, as they have always been, grifters.
All democrats are grifters.
Any citizens voting for democrats have been grifted by the democrat grifters.
The rinos, snob repubs, elistist goppers, are also grifters.
The democrat grifters, being superior in their grifting talents, via having zero moral qualities and infinite capacity for duplicity, are being nulled out by MAGA.
The rinos, snob repubs and elitist goppers, being inferior to democrat grifters, have been exposed by MAGA and resent their exposed nakedness.
Thus, both the grifter democrats and the rinos, snob repubs, elitist goppers, grifters all, are crying rivers of grifter tears.
Boo Fucking Hoo.
The democrat grifters wallow in their hog mud swamp, bemoaning their sudden and unexpected approaching slaughterings.
The rinos, snob repubs and elitist goppers spout pathetic protestations as to their denial of their exposed by MAGA nakedness.
The democrat grifters are always displaying their fugly nakedness, so though MAGA did not expose this, MAGA is disposing of them.
Grifters all, with those voting for any merely being the victims of grifters.
MAGA does not grift.
The feeble tactics of past grifters' griftings are finito. Finished. Caput. DOA.
Here, in the belly of democrat grifterland, we reap what has been sown.
Sown for decades.
Decades.
Mutiple generations.
Without respite.
Without a whisper of opposition.
Without a smidgeon of an echo of anything but "where's mine???".
And we all have contributed to this.
We all have played the game by the grifter rules.
All of us.
The democrat grifters play us all like fiddles.
Forget about fool me once, or twice, or thrice, for fucks sake, we are fooled with every breath we take.
Grifted by democrats. Always.
Grifting for democrats, always.
Wake the fuck up???
Not us.
We like taking it deep and dirty.
Any not a grifter candidate tries to get on the ballot, we shit all over them.
Any not some grifter some grifter sent, we piss in their faces.
We have not merely met the enemy and it is us, we lick the enemy's sack and nuzzle the enemy's taint.
Enjoy this.
We've earned it.
“Fix crooked contracting?” That’s where the Democrats get their biggest donations. That will never happen. Check out the: Illinois Board of Elections (campaign contributions) website. Pay for play!
I'm betting we have a record number of officers retire on or before 30 November.
Class warfare sounds good to anybody not identified as the target,, making seven figures in retirement means you can live in any state you want and claim that as your permanent residence,your second home happens to be in Illinois and you don't pay income tax here ,, so if you want to tax retirement income you have to tax people who can't afford a second home so why not just leave the state DUH
Rhinos or rinos?
Babble or drunk?
Undetermined!
A 50k a year truck driver is far from middle class. This is 2019!
Fuck that truck driver. When he makes a mistake,he corrects it with mapquest. When a cop makes a mistake,people might go to a funeral. Tax that truck driver and lawyer both. Pay the EARNED pension benefits. Get real.
Is the slum times owned by some trade unions? Bought and paid for!
"Anonymous Anonymous said...
Fuck the corporate lawyer
9/17/2019 12:05:00 AM"
I'll bet he feels the same way about you too, chief. Only he can do something about it...
Cut Aldercreatures pensions. After all it is a part time gig. With most part time jobs you do not even get one, but Danny Solis takes home $95,000 a year in pension.
My husband was on the job for 24 years and does not get that much. Tell me again how it is the fault of the Police!
https://wgntv.com/2019/09/16/ex-ald-daniel-solis-collecting-annual-city-pension-of-nearly-95k/
For decades, the Slum Times and Libune have been endorsing the filthy Illinois politicians who created this mess. And the mindless citizens of Illinois kept them in office.
Now look what we've got. Duh.
Chris fusco, aka Lori ass kisser of the scum times only knows the socialist progressive method of taxing and spending those who work to pay for free stuff for the free shit army permanent victim class. Can’t wait until his paper goes bankrupt. He was very instrumental in bringing us phony lying hypocrite racist Lori.
Corporate lawyers don’t have pensions, they have 401k’s
Cut spending?
Never!!
It is the job of government to spend the taxpayers money.
Cut wasteful spending?
No such thing.
All spending is for essential services.
This is the bullshit we have been fed for generations.
Every business knows you have to serve the customer to be successful.
Who is the customer?
The one who pays you.
Who does government serve?
First, itself thru graft and corruption.
Second, the people who bleed it dry.
Who should it serve or at least respect?
The taxpayers who feed its coffers.
Who does it abuse?
The taxpayers who feed its coffers.
Is it any wonder the taxpayers are pissed?
Golf Tango Foxtrot Oscar
1. Martial law. 2.declare the demorat party a terrorist org. 3.Shut down MSM propaganda outlets. 4. build gallows at Soldier field. 5. hold military tribunals. 6. authorize civilian militia for street gang mop-up.
This is part of the public campaign and the run up to changing the Illinois income tax code and taxing pensions to help pay for pensions, raising the rates for high earners then eventually raising everyone rates. The democrats are also talking about a wealth tax.
Trial balloon to Guage the reaction to taxing ALL pensions. No way around it as the state has over 100 BILLION in pension debt. So opening the constitution is about to happen, then look out. Your pensions as promised will be changed dramatically.
mount greenwood has some of the new street lights installed in the alleys. guess what? the alley is darker with the new lights. how much did the new lights cost?
Funny how “cutting spending” never seems to be part of the conversation?
TIF funds could fix the entire deficit in just a few years.
One thing police and fire people don’t understand is the trials and tribulations corporate lawyers have to go through each and every day and for this reason alone they should be able to enjoy their million dollar retirement incomes tax free.
This is the least we can do do for the people fighting for our corporate needs everyday. Someone had to do those thankless jobs and we are lucky it wasn’t us.
Talk about people living tax free. What about Cupich. Corporate lawyers have nothing over that POS.
Atlas Shrugged.
Maybe use some Tollway money.....
Courtesy of the Illinois Policy Institute....
During the past 10 years, the Illinois Tollway has hiked toll fares four times. Today, tolls sit at $1.50, up from $0.80 a decade earlier.
The Illinois Tollway’s budget for fiscal year 2019 was $1.5 billion. That’s more than double the $680 million budgeted for the Tollway a decade ago in 2009. But what many have forgotten, or never knew, is that Illinois’ tollways were hsupposed to be “freeways” by 1973, a year that came and went without politicians living up to their promises.
A look at the tollway’s revenues during the past decade, adjusted for inflation, shows just how costly the now permanent agency has become for Illinois drivers. Revenues collected from tolls and fines for missed tolls have gone up 90% in just 10 years.
“Toll free in 73” was a popular slogan decades ago in Illinois, according to an ABC 7 Intelligence Report from 2011. But today, drivers in Illinois are still paying those tolls – the same drivers who also just saw the state’s gas tax double in July.
When the Illinois General Assembly created the Illinois State Toll Highway Commission in 1953, lawmakers at first used the revenue to pay for the original bonding needed to build 186 miles of interstate highways.
Revenues exceeded expectations and the original bonds were eventually paid off, but the tolls still remained on Illinois roadways. Nevertheless, lawmakers made the commission permanent in 1968, creating the Illinois State Toll Highway Authority that exists today.
Former Gov. George Ryan proposed finally eliminating the tolls in 1999, according to ABC, an idea that faded with his governorship in 2003.
Today, every toll paid serves as a reminder of Illinois political leaders’ long history of broken promises.
Just another reason to never ever vote Democratic they are against the police they are against peaceful law-abiding individuals even at the Democratic debate the pieces of shit are out there doing this, who are they going to call the one of the assholes in the crowd decide to do something against them of course they can expect a police to help them fuck the police no fuck you;
F**k the police': Foul-mouthed liberal protesters harass, call cops KKK at Ho
https://www.theblaze.com/slightly-offensve/f-k-the-police-foul-mouthed-liberal-protesters-harass-call-cops-kkk-at-houston-democratic-debate?utm_source=Sailthru&utm_medium=email&utm_campaign=Daily-Newsletter__PM-Final%202019-09-16&utm_term=TheBlaze%20Daily%20PM%20-%20last%20270%20days
Watch the video that is how so many feel about us this is due to the Democrats that are elected especially former president Barry who went out and encourage this kind of nonsense by bastardizing the police along with the other Democrats and corruption filled media
If I had millions of solid dollars and had to do bidness in CookCo Chicago IL, I’d most certainly have “residence” elsewhere for those tax purposes. Mill’onaires aren’t too worried about this proposal one bit, but it sounds good when these politician snakes preach it.
It’s all a farce.
Don’t think for a minute the TaxCheat JB has all his golden eggs in IL, which are write-offs anyway.
Groots plan to consolidate all these pensions into one lump fund was another goof idea even ShanksRahm tried.
Does Groot even read ?
It’s not that difficult to find money to pay pension obligations.
However the corrupt State fails to force these obligations when the City just flat out refuses to pay.
Rather than manage the checkbook, GrootFoot continues the Dem tradition of spending beyond means and DEMANDS a bailout entitlement. Some clown mayor reformist.
Don’t try to understand why a corrupt Cook Co judge just tossed out the lawsuit that attempted to stop the almost $1 Bil Sterling Bay-Lincoln Yards TIF funded project either.
Plenty of revenue squandered indeed.
Never ending road construction, replacing perfectly good roads, equipment and other infrastructure just to appease some loon environmental, civic and social justice group.
Case and point; in 15 + years I’ve lived at my address the City replaced the sidewalk curb cut outs 4 times for various handicapped accessibility improvements when once may have been enough. Oh, and swapping out those mercury and sodium vapor street lights to China’s Best Supra LED’s hasn’t been fully implemented here yet, but that $100 mil expenditure commitment was/is saving the city $1mil in ComEd bills...if Groot is actually paying it or is on some sort of assistance plan.
And finally speaking of bloat...
Ohare Modernization the city’s economic engine still isn’t paying taxpayers a dime in dividends, but sure is paying six-figures to plenty of clouted and of course to connected construction companies.
I keep reading comments about gold braid pension. What is gold braid pension and how does it work and why is it bad? Thank you in advance to anyone who can explain it.
They tried this in New York, and the money is leaving in droves headed for Florida. The corporate lawyer will not be paying more, so the truck driver is screwed unless he also leaves. So it will be city employees and the parasites that will be left.
Anonymous Anonymous said...
mount greenwood has some of the new street lights installed in the alleys. guess what? the alley is darker with the new lights. how much did the new lights cost?
9/17/2019 10:05:00 AM
I just had my alley light fixed after 3 months the electrician told me the new lights are terrible, more like a spotlight in a theater, wonder who got the friends and family contract for this? Who got paid off?
TAX the Scribes and Pharisees!
Anonymous Anonymous said...
I keep reading comments about gold braid pension. What is gold braid pension and how does it work and why is it bad? Thank you in advance to anyone who can explain it.
9/17/2019 01:11:00 PM
Why don't you reporters do your own homework?
Oh by all means, let's just go out there and tax the shit out of the demographic with the absolute least incentive to stick around. With fiscal wisdom like that in Chicago's pillars of authority I can't imagine why the city finds itself in such dire straits.
"Spending cuts won’t be enough"
Okay... I will call your bluff Sun Times/Democrats. Lets cut the pork deep and see if that is then not a solution after all. Be careful... Spending cuts might be the key after all!
10 Myths About Government Debt
https://www.youtube.com/watch?v=EPjrFjAxwlw
Tax the "rich" = Democrat Idea
She is 13 years old! Don't tell me that is not old enough to consent! = Democrat Idea
Who needs borders? Those are racist! = Democrat Idea
That 2nd Amendment sure is pesky! Lets be done with it!= Democrat Idea
Do Democrats have any idea that is not insane/sickening?
Taxing the rich is akin to standing three feet from your enemy and then tossing a hand grenade in order to kill your enemy while remaining flat footed...
Don't think you the 'non rich' guy are escaping the shockwave.
The alternative minimum tax was a way to sock to to the rich! How did that work out Mr and Miss Middle Class?
@9/17/2019 12:05:00 AM
Still not does make the Fat Man of Springfield's tax plan okay.
Pensions are so 1950s. I wonder why they are still
around. It's a hollow promise for the future based on
the lure of a big pay out. And it's based on fiscal soundness
20, 30, 40 years out. The 401(k) is more practical. It's also
portable. You don't have to stay at a job you hate just to
provide for yourself in your old age. You can leave, transfer
the funds into a personal IRA (expanded, better investment
choices). You control your job environment and your finances
at the same time.
In the past I thought that the state would assist with the city’s pension payments with the thought that the state understood that it was beneficial to society to keep the most violent and those with high propensities to prey on their fellow man hemmed up in the city and out of the suburbs and rural areas. Now that law enforcement State wide ( if not the whole country ) has been handcuffed I don’t think this scenario will play out anymore. Th city will implement a “head tax” or some sort of income tax.
the lawyers will never pay more taxes. they write the laws and the irs code for the corporations. you really think durban and the rest stay up at night writing bills? its all done by the lobbyist lawyers, then read by interns like a bedtime story to the political elite. hurry up kid, just give me the hilights, ive got a tee time. like we have to pass it to see whats in it. tax the rich, the battle cry of the progressive! soon you will find out your " rich " . didnt they catch the ice cream guy running for congress in the burbs taking his homestead deduction and voting in florida? so il would have been his prime res and no state tax. they wont be happy till they take it all, and then they will want more.........for the children lol
sun times was bought last year by the operators, carpenters and laborers among others. they said its for the voice of the working man. i refuse to read it, any stories in there about working people? didnt think so. they offer great deals for union members, but other than a few millenials i dont think they can give it away. the voice of the working man..............you just cant make this shit up lol
That article confused the hell outta me, what corporate lawyer is on a PENSION??? None that I’ve ever heard of...they live off their investments upon retirement. Kudos to the slumtimes for lying to their idiot readers.
As others above say....what lawyer is on a pension except HACK ass states attys...pubic defenders and other hack ass clowns working for the city, county or state? Answer ZERO. Those of us in the public sector have already made enough and will bail the minute it is convenient....state will never see a dime of our retirement. Hope the truck driver does the same..fuck Illinois
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