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How Chicago “Works”: Tax and Graft; Who Benefits?
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Saturday, December 19, 2015 4:28 PM
On October 28, the Chicago City Council passed the largest property-tax hike in modern city history by a vote of 36-14, approving Mayor Rahm Emanuel’s 2016 budget proposal.
Taxpayers will have to fork over another $588 million property-tax hike to be phased in over the next four years.
Some businesses and taxpayer will simply fee, joining what now is best viewed as the “Great Illinois Exodus”.
Taxpayers Lose, Who Wins?
Someone always benefits for these tax-and-spend schemes. Who is it?
The Illinois Policy Institute has the answer in Meet the politicians who stand to get rich off of Chicago’s massive property-tax hike.
The post How Chicago “Works”: Tax and Graft; Who Benefits? appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/12/19/how-chicago-works-tax-and-graft-who-benefits/
