Jump to content

Chicago Writes a Check


quackersmacker

Recommended Posts

I feel bad for the taxpayers who have to foot the bill for this nonsense. Then again, many believe in this garbage and likely don't have a problem with the City losing these things. "Fighting the good fight." I wonder how much money has been paid out (aggregate amount) in 1983 actions involving 2A infringements. Thing is that's just to pay for the plaintiff's legal expenses. It must be really nice to be able to pay your bills with someone else's money.

 

Sent from my VS987 using Tapatalk

 

 

Link to comment
Share on other sites

Yeah, I'm not thrilled they keep writing these checks. The Trib wrote a piece recently about people moving out of IL because of the taxes, politics, and lack of things to show for it all. There was a bunch of commentary on that piece saying that it was an over exaggeration or that it's not as bad as the paper makes it seem, stuff like that. They're nuts. Here's the discussion on Reddit.

 

https://www.reddit.com/r/chicago/comments/73es9b/fedup_illinois_homeowners_consider_moving_its_not/

 

These people don't see the writing on the wall and I have two wonder what planet they're living on. A few weeks ago, for the first time ever, my wife and I considered taking a loss on a house we own free and clear just to move to Indiana where we can get more for our money and pay lower taxes on everything. I feel like there's no way we wouldn't come out ahead on the deal except for the house.

Link to comment
Share on other sites

Yeah, I'm not thrilled they keep writing these checks. The Trib wrote a piece recently about people moving out of IL because of the taxes, politics, and lack of things to show for it all. There was a bunch of commentary on that piece saying that it was an over exaggeration or that it's not as bad as the paper makes it seem, stuff like that. They're nuts. Here's the discussion on Reddit.

 

https://www.reddit.com/r/chicago/comments/73es9b/fedup_illinois_homeowners_consider_moving_its_not/

 

These people don't see the writing on the wall and I have two wonder what planet they're living on. A few weeks ago, for the first time ever, my wife and I considered taking a loss on a house we own free and clear just to move to Indiana where we can get more for our money and pay lower taxes on everything. I feel like there's no way we wouldn't come out ahead on the deal except for the house.

run.

 

run while you can.

Link to comment
Share on other sites

They don't get it because they don't want to see what's in front of their faces. It shows Chicago's disregard for taxpayer money. As if residents needed more examples. I once saw a graphic that illustrates how hopeless Illinois is with regard to pensions. Would need to contribute something like 200% of its revenue in order to stop the bleeding (but wouldn't do anything about the current hole) if the plan assets are valued at market value rather than some rosy assumption. It cannot be fixed. Just a matter of time before the state has to raise taxes even higher to fund that collapsing Ponzi scheme.

 

Real estate prices are at a record level. You could probably break even if you're willing to sit on it but that requires you to stay in Illinois and continue to pay taxes on it. I know a lot of people who be willing to write a check with several zeros on it (me being one) just to get out of this state, but it isn't that easy. I could make a sizable amount of money on my house but I have too many ties to the state, almost my entire family is here and not going anywhere for the next two to three years at the very least. We (girlfriend and myself) are saving our money so that we have a sizable slush fund that'll allow us to move to a free state, buy a huge tract of land, build something off grid, and live a simple, subsistence lifestyle. We both feel like we were born into the wrong generation.

 

My aunt lives in an Indianapolis suburb and is griping about how all of these people are moving there from blue states, bringing their liberal BS with them trying to turn the area purple. But what slays me is that these people fled high tax jurisdictions for low tax, flight to quality, yet they want the EXACT SAME POLICIES as the Communist hole in the ground that they had to claw out of to escape. It defies common sense, logic, all reason.

 

Sent from my VS987 using Tapatalk

 

 

Link to comment
Share on other sites

I don't totally understand it all, but I think some elements of it are that there are some people who really want to impose their will on others, they want to exert control over their surroundings, enforce uniformity and conformity and they think they can co-opt politicians as a path to do that. The same people who despise corporate CEOs and believe them to be evil because they're "filthy rich" have unwavering faith in politicians even despite the overwhelming evidence of corruption.

 

I don't think they can "live and let live" and I don't think they have faith in themselves to be able to solve their own problems. They think an empowered government is the answer to all problems.

 

There are people on this board who have blamed Rauner for the financial situation that Illinois is in. The Democrats have controlled this state for decades, decades of unbalanced budgets created and passed by Democrats that have bankrupted the state, but there are people who live here in Illinois who actually think Rauner did it.

 

This state is populated by fools, there's just no way around it...

Link to comment
Share on other sites

I don't think very many people ever wise up to the fact that Chicago lawyers are a cadre of politically connected shysters who get rich big time every time Chicago defends the indefensible.

 

Its just a political payoff. The lawyers make millions and they pour a big percentage of that back into the campaigns of the politicians who not only got them these plum jobs but keep generating the lawsuits that keep the money flowing to the lawyers.

 

Its another way of fleecing the tax payer.

Link to comment
Share on other sites

They don't get it because they don't want to see what's in front of their faces. It shows Chicago's disregard for taxpayer money. As if residents needed more examples. I once saw a graphic that illustrates how hopeless Illinois is with regard to pensions. Would need to contribute something like 200% of its revenue in order to stop the bleeding (but wouldn't do anything about the current hole) if the plan assets are valued at market value rather than some rosy assumption. It cannot be fixed. Just a matter of time before the state has to raise taxes even higher to fund that collapsing Ponzi scheme. Real estate prices are at a record level. You could probably break even if you're willing to sit on it but that requires you to stay in Illinois and continue to pay taxes on it. I know a lot of people who be willing to write a check with several zeros on it (me being one) just to get out of this state, but it isn't that easy. I could make a sizable amount of money on my house but I have too many ties to the state, almost my entire family is here and not going anywhere for the next two to three years at the very least. We (girlfriend and myself) are saving our money so that we have a sizable slush fund that'll allow us to move to a free state, buy a huge tract of land, build something off grid, and live a simple, subsistence lifestyle. We both feel like we were born into the wrong generation. My aunt lives in an Indianapolis suburb and is griping about how all of these people are moving there from blue states, bringing their liberal BS with them trying to turn the area purple. But what slays me is that these people fled high tax jurisdictions for low tax, flight to quality, yet they want the EXACT SAME POLICIES as the Communist hole in the ground that they had to claw out of to escape. It defies common sense, logic, all reason. Sent from my VS987 using Tapatalk

 

You said it brother. It's like all those folks from California moving to Washington, Colorado, etc. They're not happy unless they bring all that stuff with them, though in the case of the Californian they really just think that garbage going on in California isn't a bad idea. They're just trying to spread the love.

 

We could talk real estate all day but at the end of it, moving would just end up costing me.

Link to comment
Share on other sites

The problem is that many of the wealthy that support the mayor never see the real Chicago. They live in the gold coast or they commute in from the north shore. They have their condo along the lake. They see the loop and the construction going on around the loop. They never see any of Chicago outside of that - the potholes that would swallow their range rover - the boarded up houses, the abandoned factories, the dope dealers on every other corner. They never get out of their bubble so to them, the city is in great shape - just look at the sail boats on the lake, the shiny new buildings. They never take a ride down South Shore and, if they do, they only get to the museum and that is all they see. Never mind the violence, theft, car jackings - until it hits one of them.

Link to comment
Share on other sites

Oh, this is sweet! Keep on fighting, City Hall, and keep on writing checks!

 

https://twitter.com/Guntalk/status/913886668389838848

 

Habits are hard to break. In February of 2012, Chicago wrote a check for $399,950 to the Second Amendment Foundation

 

http://www.nbcchicago.com/blogs/ward-room/City-Writes-399950-Check-To-Gun-Rights-Group-138940944.html

Link to comment
Share on other sites

The problem is that many of the wealthy that support the mayor never see the real Chicago. They live in the gold coast or they commute in from the north shore. They have their condo along the lake. They see the loop and the construction going on around the loop. They never see any of Chicago outside of that - the potholes that would swallow their range rover - the boarded up houses, the abandoned factories, the dope dealers on every other corner. They never get out of their bubble so to them, the city is in great shape - just look at the sail boats on the lake, the shiny new buildings. They never take a ride down South Shore and, if they do, they only get to the museum and that is all they see. Never mind the violence, theft, car jackings - until it hits one of them.

 

Yep. Exactly. When one of them does get mugged in River North or on North Michigan Ave you get newspaper articles with stories about how "their neighborhood didn't used to have these problems" and that one rich guy who pays his own private security to patrol his block, and writers make it a point to illustrate that these people live in these expensive, exclusive areas so that they can avoid the muggings and car jackings, etc. So now when the straights get scared they double down on these asinine laws because they don't know what the real world is like.

Link to comment
Share on other sites

People who think that downtown Chicago is safe haven't been paying attention to the news. People are getting robbed all the time.

 

In June, thugs were driving by women cyclists and grabbing their purses from them - I'm surprised no one was run over and killed with that technique. This is the one I find amusing

 

"Now I am a little bit scared. I don't know what I can do," said cyclist Victoria Mansuroba.

 

 

Well Victoria that's why people like you continue to get robbed - because you're clueless and incapable of taking responsibility for your own safety. Its also why Rhonda Ezell is fighting for her right to practice and maintain proficiency with her firearm.

 

http://abc7chicago.com/news/police-beef-up-patrols-in-south-loop-after-string-of-robberies/2092011/

Link to comment
Share on other sites

 

They don't get it because they don't want to see what's in front of their faces. It shows Chicago's disregard for taxpayer money. As if residents needed more examples. I once saw a graphic that illustrates how hopeless Illinois is with regard to pensions. Would need to contribute something like 200% of its revenue in order to stop the bleeding (but wouldn't do anything about the current hole) if the plan assets are valued at market value rather than some rosy assumption. It cannot be fixed. Just a matter of time before the state has to raise taxes even higher to fund that collapsing Ponzi scheme. Real estate prices are at a record level. You could probably break even if you're willing to sit on it but that requires you to stay in Illinois and continue to pay taxes on it. I know a lot of people who be willing to write a check with several zeros on it (me being one) just to get out of this state, but it isn't that easy. I could make a sizable amount of money on my house but I have too many ties to the state, almost my entire family is here and not going anywhere for the next two to three years at the very least. We (girlfriend and myself) are saving our money so that we have a sizable slush fund that'll allow us to move to a free state, buy a huge tract of land, build something off grid, and live a simple, subsistence lifestyle. We both feel like we were born into the wrong generation. My aunt lives in an Indianapolis suburb and is griping about how all of these people are moving there from blue states, bringing their liberal BS with them trying to turn the area purple. But what slays me is that these people fled high tax jurisdictions for low tax, flight to quality, yet they want the EXACT SAME POLICIES as the Communist hole in the ground that they had to claw out of to escape. It defies common sense, logic, all reason. Sent from my VS987 using Tapatalk

 

You said it brother. It's like all those folks from California moving to Washington, Colorado, etc. They're not happy unless they bring all that stuff with them, though in the case of the Californian they really just think that garbage going on in California isn't a bad idea. They're just trying to spread the love.

 

We could talk real estate all day but at the end of it, moving would just end up costing me.

 

 

It will cost you now or it will cost you later. I'm about 18 months (I hope) from getting under the wire. My fears are that between the budget, the lack of money, the next governor and band of new Dems, national politics, etc, the housing market will start nosing down steeper and the buyers pool will be few.

I'm too old to spend my remaining years fighting for change here; my time will be spent in a like minded community that still respects its citizens.

Link to comment
Share on other sites

It will cost you now or it will cost you later. I'm about 18 months (I hope) from getting under the wire. My fears are that between the budget, the lack of money, the next governor and band of new Dems, national politics, etc, the housing market will start nosing down steeper and the buyers pool will be few.

I'm too old to spend my remaining years fighting for change here; my time will be spent in a like minded community that still respects its citizens.

 

Better to deal with it now rather than later when they've raised the personal income tax rate to 50% or some California-esque rate, meanwhile providing absolutely nothing in return. I see the big state pension funds running dry in the next ten years, maybe sooner with them kicking the can down the road, past the dead end sign, though the cow pasture, and off the cliff. Me...I wanna go somewhere with no property taxes, no income taxes, somewhere where I'll be left the heck alone by the government. Minimal amount of government trifling. Let me live my life, stay out of my way.

 

Market value of residential real estate is grossly over-valued in comparison to the intrinsic value of the real estate. When it does bottom out, supply will spike as homeowners try to get out of the market or we have 2007-2008 foreclosures, short sales, shock to the ABS (asset backed securities, they've financialzed everything) market. Credit default swap contracts will be triggered. It'll be epic. Demand will also bottom out as the next generation of homeowners simply won't be able to afford even dirt cheap homes. Or they simply won't be interested. We're already in a bigger real estate bubble than the one in the early 21st century. That never ends well.

 

The problem is that Millennials have no interest in suburbia nor are they interested in rural areas. Rural areas will be in worse shape than they are now. There'll be an excess inventory of residential real estate in the suburbs with no demand. I see this crap all of the time with friends who live in Chicago. They'd rather have an overpriced crackerbox apartment in a crime-ridden area than a house in the suburbs. Why? Because it's "cool." Yeah, somehow it's cool to live near where people are murdered on a daily basis. And they pay a premium to live there. My generation is seriously screwed up.

 

Sent from my VS987 using Tapatalk

 

 

Link to comment
Share on other sites

Yeah, I'm not thrilled they keep writing these checks. The Trib wrote a piece recently about people moving out of IL because of the taxes, politics, and lack of things to show for it all. There was a bunch of commentary on that piece saying that it was an over exaggeration or that it's not as bad as the paper makes it seem, stuff like that. They're nuts. Here's the discussion on Reddit.

 

https://www.reddit.com/r/chicago/comments/73es9b/fedup_illinois_homeowners_consider_moving_its_not/

 

These people don't see the writing on the wall and I have two wonder what planet they're living on. A few weeks ago, for the first time ever, my wife and I considered taking a loss on a house we own free and clear just to move to Indiana where we can get more for our money and pay lower taxes on everything. I feel like there's no way we wouldn't come out ahead on the deal except for the house.

The problem is that these people live in a self-imposed bubble that strongly encourages group think. Part of that group think is this notion that city life is absolutely wonderful with few to no downsides. I've seen young people, for years, told that they must move to the city if they want to have any hope whatsoever for their careers, social lives, love life, etc., and that rural and suburban areas were "dying", "economically depressed", and "the future ghettos of America". There's also intense social/peer pressure to move to the city, and strong discouragement of any negative attitudes towards city life.

 

They're incapable of acknowledging the city's problems because it would force them to confront their unrealistic and naive notions of the city's "greatness". They're unprepared for the financial crisis that is coming, and it will catch them off guard in the worst way possible.

Link to comment
Share on other sites

 

It will cost you now or it will cost you later. I'm about 18 months (I hope) from getting under the wire. My fears are that between the budget, the lack of money, the next governor and band of new Dems, national politics, etc, the housing market will start nosing down steeper and the buyers pool will be few.

I'm too old to spend my remaining years fighting for change here; my time will be spent in a like minded community that still respects its citizens.

The problem is that Millennials have no interest in suburbia nor are they interested in rural areas. Rural areas will be in worse shape than they are now. Therean excess inventory of residential real estate in the suburbs with no demand. I see this crap all of the time with friends who live in Chicago. They'd rather have an overpriced crackerbox apartment in a crime-ridden area than a house in the suburbs. Why? Because it's "cool." Yeah, somehow it's cool to live near where people are murdered on a daily basis. And they pay a premium to live there. My generation is seriously screwed up.

 

Sent from my VS987 using Tapatalk

I see it too, it's sad. They complain about the cost of housing and never consider the safer, cleaner, cheaper alternatives.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...