The Chicago Fed Unveiled Its "Solution" To The Pension Problem Gasp!

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Doka
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The Chicago Fed Unveiled Its "Solution" To The Pension Problem Gasp!

Post by Doka » 05-14-2018 10:52 AM

It is the "Socialist Way". These Promised, unattainable, underfunded Pensions,will be the financial death of us all. Why are they Really so important..........they where initially bargained for and passed by the Democrats and their Democrat labor unions, a major source of funding the DNC. As we all know, the Dems, will go to any length Not to "Miff Of" any of their Constituents(voters) and can't import voters fast enough. Re-negotion of some of these contracts , could be helpful, but that's not going to happen, Democrats Don't Negotiate they have temper tantrums until they win.



Snippet from article:
"In other words, just confiscate wealth from current owners because they will pay, whether they stay or not, through an immediate reduction in home value."


An "Audible Gasp" Was Heard When The Chicago Fed Unveiled Its "Solution" To The Pension Problem

Submitted by Mark Glennon of Wirepoints

An audible gasp went out in the breakout room I was in at last month’s pension event cosponsored by The Civic Federation and the Federal Reserve Bank of Chicago. That was when a speaker from the Chicago Fed proposed levying, across the state and in addition to current property taxes, a special property assessment they estimate would be about 1% of actual property value each year for 30 years.

Evidently, that wasn’t reality-shock enough. This week the Chicago Fed published that proposal formally. It’s linked here.

It surely ranks among the most blatantly inhumane and foolish ideas we’ve seen yet.

Homeowners with houses worth $250,000 would pay an additional $2,500 per year in property taxes, those with homes worth $500,000 would pay an additional $5,000, and those with homes worth $1 million would pay an additional $10,000.

Is the Chicago Fed blind to human consequences? Confiscatory property tax rates have already robbed hundreds of thousands, maybe millions, of Illinois families of their home equity — probably the lion’s share of whatever wealth they had.

Property taxes in many Illinois communities already exceed 3%, 4% and even 5% of home values. Across Illinois, the average is a sky-high 2.67 percent, the highest in the nation.

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Re: The Chicago Fed Unveiled Its "Solution" To The Pension Problem Gasp!

Post by kbot » 05-14-2018 11:06 AM

Here's a thought - audit The Fed. Find out why we're (as a government) paying The fed for our own money. The financial sector really needs to back-off. Just look at Wells Fargo getting busted again for selling products to customers who had no idea that they were sold banking products.

Another issue - many larger corporations will play communities and states off each other for tax breaks and once they get what they want, will fold and move operations overseas. May take - once this crap happens, states should place liens on any and all assets the company has in the US and proceedings started to recoup all the tax breaks these companies get before they're allowed to relocate overseas.
"The dogma lives loudly within you. And that’s of concern ......"

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Re: The Chicago Fed Unveiled Its "Solution" To The Pension Problem Gasp!

Post by Riddick » 05-15-2018 08:43 PM

Illinois is a train wreck on top of a 40 car pile up running over a dumpster fire

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Re: The Chicago Fed Unveiled Its "Solution" To The Pension Problem Gasp!

Post by Malaria_Kidd II » 05-16-2018 11:36 AM

Riddick wrote:
05-15-2018 08:43 PM
Illinois is a train wreck on top of a 40 car pile up running over a dumpster fire
Well! That's original and one to remember! 8)

Thanks Doka for spilling those beans with lots of potential gas pains! :oops:

kbot, The too plentiful deep state affairs would be disrupted by auditing the Fed. :rolleyes:

Kinda on topic: The EPA's mandate to require big and small communities to $eparate rainwater from $ewage headed into the treatment facilities is raising taxes in strange ways. Those on fixed income will need to plant a money tree! :realmad:

MK II
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Re: The Chicago Fed Unveiled Its "Solution" To The Pension Problem Gasp!

Post by Doka » 05-16-2018 12:38 PM

Quote:

MkII

"Kinda on topic: The EPA's mandate to require big and small communities to $eparate rainwater from $ewage headed into the treatment facilities is raising taxes in strange ways. Those on fixed income will need to plant a money tree!  "

"The Powers That Be" in the EPA are doing their best to get rid of Pruitt, who has a logical live and let live attitude.
The EPA is stuffed to the core with Human Wackos, that think they are in control of the Earths Environment. They are NOT, by the way, but are the most ignorant and emotional and that counts more than any thing these days.........they who are the craziest will win the prize..........committing suicide , what a prize, eh? Pity the Lemmings.........they die for No reason :twisted: :evil:
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