The current taxes on a pack of cigarettes in Chicago include $2 from Cook County, 98 cents from Illinois and 68 cents from the city. If Quinn signs the latest increase, the taxes in Chicago will be $4.66 per pack, compared with 99 cents in East Chicago. On Monday, a...
For those that don’t know, France recently had an election and voted for the most socialist guy on the ballot. The guy who’s promising to raise taxes on the rich and increase the transfer payments to the poor. The result? The rich are leaving… in...
We’re now making national news: After trying to tax Illinois to governmental solvency and economic dynamism, Pat Quinn, a Democrat who has been governor since 2009, now says “our rendezvous with reality has arrived.” … Illinois was more heavily taxed than...
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from...
Last year, almost 1,800 people … renounc[ed] their U.S. citizenship or handing in their Green Cards. That’s a record number since the Internal Revenue Service began publishing a list of those who renounced in 1998. It’s also almost eight times more...