Corruption

The Bally’s ripoff – Wirepoints

While Bally’s explicit racism was clearly unconstitutional, it wasn’t what really bothered us about its securities offering. What really got us was that it was sold by Chicago officials as an opportunity for them to build “generational wealth” and was a “benefit to the black community.” Hogwash. The offering is complex and risky as hell, from everything we can calculate.

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Chicago aldermen exploring new city taxes and fees to boost revenue – Chicago Tribune/Yahoo

A Google survey circulated by Ald. Will Hall, head of the Subcommittee on Revenue, asked aldermen to respond “Yes” or “No” to the following ideas: “Sales Tax on Services; Property Tax (CPI Increase); Monthly/Wireless Plan Tax; Increase in LGDF Share; Head Tax; Alcohol Tax; Checking Bag Tax; Video Gaming Tax; Grocery Tax; City Sticker Increase; Congestion Tax; Income Tax Surcharge; Package Tax; Vacant Lot Tax; Ticket Reseller Amusement Tax; Enterprise Zones.”

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Illinoisans pay the nation’s highest property taxes but don’t get quality services. Instead we get more debt, crime and corruption. – Wirepoints on with WVON’s Perri Small

Ted Dabrowski appeared on The Perri Small Show to discuss Wirepoints’ latest report: “Thirty years of pain: Illinoisans suffer as property tax bills grow far faster than household incomes, home values”. Ted pointed out that any way you cut them, the property taxes Illinoisans pay are punitive.

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The Covid bailouts can paper over Illinois’ fiscal mess, but they can’t hide Illinois’ GDP, employment and population failures – Wirepoints

While “free” federal money might make Illinois’ finances look better temporarily, the state continues to struggle where it really matters – economic growth and job creation. Since the beginning of 2019 when Gov. Pritzker took office, Illinois has continued to lag most of the nation in GDP growth and its unemployment rate remains one of the highest in the country.

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