- Facebook’s Instant Articles not a threat to media
- U of I expert: Rauner’s pension fix ‘unconstitutional’
- State Senate approves lesser penalties for marijuana possession
- State Roundup: Natural gas vehicle tax stalls in committee
- Raptors, Rangers FC announce June camp
- Student debt 101: dearth of data fuels common misperceptions
- ‘Millionaire tax’ clears House panel
- Memorial Day events at Midway’s LZ Peace Memorial
- Wallace calls for Rockford crime task force
- How we discovered the 3 revolutions of American pop
Economy hurt by anti-business agenda
President Obama’s anti-business agenda has hurt our economy to such an extent that our tax base has been greatly eroded. It’s hard to get more taxes from someone who’s unemployed or underemployed, especially considering these people require money from our taxes.
Locally, the property taxes have gone down, but the taxes in many instances have increased only to provide needed services from a lower amount.
Our state is considering putting more of their public pension burden on the local governments as if they have more money to do this.
Some say we are likely to become more like Greece or some other European country with mobs rioting in the streets for more money that their government doesn’t have. Has it already happened in our country as evidenced by the ”occupy” movements, or not that far away in Madison, Wisconsin?
Michael A. Smith
From the May 16-22, 2012, issue