Let’s Start The Week Off Stupid
May 14, 2018 14:47 Book stuff | Food for Thought
Here is a really stupid way to take care of a problem — no brainer!
Pension Failure
The Federal Reserve Bank of Chicago has proposed a fix for the Illinois pension fund disaster. Let’s tax all homeowners for 30 years - another 1% on the home’s value. Add that on to current taxes and the home’s cost and you have just killed the Illinois real estate economy. Illinois is currently the highest tax rate on property and homes in the area.
And if you think that is a good idea, the pension fix is just for five state funds and doesn’t include the other 600+ funds that also have a pension that is unfunded.
Get out immediately from Illinois if you can! Why would anyone move to Illinois?
Barbe Awalt