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Originally posted by Chico
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And the chart I just posted is the justification for the large CEO bonuses. #Capitalism101The True Gentleman is the man whose conduct proceeds from good will and an acute sense of propriety, and whose self-control is equal to all emergencies... - John Walter Wayland -
well, I am not an economist but there's real problems with that chart..
first- the mere value of a dollar has decreased almost 10-fold since 1950 so that would more than equal what gets defined as increase in manufacturing output...
So I have to wonder if that red line were adjusted for inflation, then it would be flat or more likely tail downward and parallel the employment line.
Then the scale along the right side of the chart is selectively chosen so as to make a drop from about 15 million down to 12 million (just a 25% drop) and making it look like a massive, catastrophic plunge!!Comment
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Another corporation leaving Illinois for Indiana...
this is about 50 different relocations of major companies getting outta Illinois this past decade thanks to Gov. Quinn's economic policies.
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another multi-million corporation moving out of Illinois for a better environment in Indiana
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a huge number of high earning & high taxpaying people & businesses have left the state since Governor Quinn/Mike Madigan's tax hike disaster
thus estimates are that the State of Illinois has lost $14 BILLION in revenue since 2011 due to those tax hikes...
...as expected, exactly the opposite of the increase in revenue that the state thought they'd be getting.
When will they ever figure out that more taxes will result in less long term revenue!! AND YET spending in that interval went way, way up!! - LINK
Tax, tax, tax - is all they know - we need extremely tight term limits and a smarter public (especially in Chicago) to vote them out!
so what are they proposing now...you guessed it...
higher taxes!!
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Originally posted by tornado View Posta huge number of high earning & high taxpaying people & businesses have left the state since Governor Quinn/Mike Madigan's tax hike disaster
According to government census estimates, Illinois population dropped more in the past 12 months than any other state, a drop of 37,508.
And Chicago lost more people than any other city-
The actual loss of people was well over 100,000 for the second year in a row, but it was offset by some movement into the state, and population expansion from new births.
The state of Illinois has lost nearly 2 million residents since 1990.
The top states that people from Illinois move to are Florida, Indiana, Wisconsin, Arizona and Texas.
Reports show the top reasons are high taxes, crime, unfavorable business climate, loss/lack of jobs, and the weather.
What is just as concerning, a recent poll shows half of all Illinois residents who remain want to leave!-
Another poll reveals half of Illinois residents want to leave state
That is all bad news for the rest of us who will be left to pay the massive deficits and tax burdens.Comment
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another article on the city giving millions and millions of dollars to a private investor/developer...
who has siphoned off a bunch, then failed to come thru with results...and now the city & taxpayers are gonna take a huge loss on this Pere Marquette block project
as much as $40 million of Peoria citizens' money at risk for going down the drain in this ill-conceived project and money given to an unproven developer.
Now the Pere Marquette is gonna lose its Marriott affiliation and the rest of the entire block is barren.
Meanwhile the developer gets rich and Big Al's got a multi-million dollar payday as well....not the first time this kind of waste of taxpayer money has happened...Comment
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Yet another column on the horrible negative impact on the city and the taxpayers & residents caused by a slimy, cushy "behind-closed-doors" deal that the City of Peoria made, and also revelations about how obvious it was that this was a very bad idea and was doomed to fail...
they cite at least $5 million + in losses to the city, but the losses go way deeper and include the terrible disruption of many of those homeowners, and the subsequent failure of many other businesses that this move caused AND EVEN CONTINUES TO CAUSE!
how many times is the city gonna keep making these same really stupid and costly mistakes and bad judgments - it seems to never end..
if people ran their personal finances as negligently and irresponsibly as these people do with everyone else's money - we'd all be broke and burning our furniture to heat our homes (if we still had homes).
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in addition to the above disaster...just a few days earlier we had even more evidence of how our local government screws up when they get involved picking winners & losers in the private business arena
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Caterpillar suddenly backs out of their plan to build a new World Headquarters complex in downtown Peoria, and now instead will move their global headquarters to Chicago later this year.
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It's an incredibly interesting read....so unless you are prone to depression...
go back and read this entire thread....
almost everything said
- from the predictions that higher taxes would cause lots of major businesses to leave the state
-to the promises by the owner of Star Trucking to move his entire business out of Illinois (take the money & run)
it ALL ended up coming true...except for Cat moving out of state - but their promise to keep headquarters in Central IL was bogus....
...ya gotta wonder if moving the CEO & corporate to Chicago is only a stepping stone - to soften the negative PR impact...
Would it surprise anyone if they stayed only a couple years on Chicago then re-located to Indiana, Colorado or Texas?Comment
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Caterpillar threatening to leave Illinois!
This is catastrophic for Peoria and, thus, for Bradley. The biggest threat to Bradley has always been Peoria. Now take out the top 100 paid executives from the community and the real estate market collapses along with the tax base. The Cat commitment to Peoria and Bradley just evaporated.Comment
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" Moving so they can be closer to their markets" That is a croc!!!!! They have been planning this for a long time. And they will expect our civic leaders to accept this ( and they probably will ). To stand up and say ..yes Sir..thank you sir...People need to let them know what they think of Caterpillar and there chicken-S**t lying to everyoneComment
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The big yellow phony strikes again.What part of illegal don't you understand?Comment
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Speaking of taxes...
"ILLINOIS HAS HIGHEST OVERALL TAX BURDEN IN THE NATION"
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