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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. "First we get the money..."

"First we get the money..."

Scheduled Pinned Locked Moved General Discussion
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  • jon-nycJ jon-nyc

    The mayor is “distancing himself” from the plan, says Crain’s.

    That’s a relief.

    I wonder what impediments, if any, prevent a municipality from instituting wealth taxes or transaction taxes. I’d imagine the taxing authority of cities, counties, and towns is defined by state statute, but I could be wrong.

    MikM Offline
    MikM Offline
    Mik
    wrote on last edited by
    #8

    @jon-nyc said in "First we get the money...":

    The mayor is “distancing himself” from the plan, says Crain’s.

    That’s a relief.

    I wonder what impediments, if any, prevent a municipality from instituting wealth taxes or transaction taxes. I’d imagine the taxing authority of cities, counties, and towns is defined by state statute, but I could be wrong.

    I know there are such things in Ohio. For instance, I live in a township, which is not allowed by law to impose an income tax. I'd bet you are correct.

    "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

    jon-nycJ 1 Reply Last reply
    • MikM Mik

      @jon-nyc said in "First we get the money...":

      The mayor is “distancing himself” from the plan, says Crain’s.

      That’s a relief.

      I wonder what impediments, if any, prevent a municipality from instituting wealth taxes or transaction taxes. I’d imagine the taxing authority of cities, counties, and towns is defined by state statute, but I could be wrong.

      I know there are such things in Ohio. For instance, I live in a township, which is not allowed by law to impose an income tax. I'd bet you are correct.

      jon-nycJ Offline
      jon-nycJ Offline
      jon-nyc
      wrote on last edited by
      #9

      @Mik Right? It seems like otherwise there’d be some little villages somewhere experimenting with all kinds of ruinous schemes.

      If you don't take it, it can only good happen.

      1 Reply Last reply
      • jon-nycJ jon-nyc

        @Jolly

        He was so worried about the plan of the Chicago's mayor's friends that he left Republican-run Long Island?

        And he was so extra worried about it that he left even before the they released the plans?

        Damn, sing us a song, piano man.

        JollyJ Offline
        JollyJ Offline
        Jolly
        wrote on last edited by
        #10

        @jon-nyc said in "First we get the money...":

        @Jolly

        He was so worried about the plan of the Chicago's mayor's friends that he left Republican-run Long Island?

        And he was so extra worried about it that he left even before the they released the plans?

        Damn, sing us a song, piano man.

        Nope, just a general observation about taxation and people.

        “Cry havoc and let slip the DOGE of war!”

        Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

        AxtremusA 1 Reply Last reply
        • MikM Offline
          MikM Offline
          Mik
          wrote on last edited by
          #11

          The funny thing about people with money is they CAN move. It would seem Chicago is determined to repeat the mistakes of Detroit, which was also once a great city.

          "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

          JollyJ 1 Reply Last reply
          • CopperC Offline
            CopperC Offline
            Copper
            wrote on last edited by
            #12

            Do we need Chicago?

            1 Reply Last reply
            • jon-nycJ Offline
              jon-nycJ Offline
              jon-nyc
              wrote on last edited by
              #13

              Ever since they renamed the Sears tower it’s been dead to me.

              If you don't take it, it can only good happen.

              George KG 1 Reply Last reply
              • MikM Mik

                The funny thing about people with money is they CAN move. It would seem Chicago is determined to repeat the mistakes of Detroit, which was also once a great city.

                JollyJ Offline
                JollyJ Offline
                Jolly
                wrote on last edited by
                #14

                @Mik said in "First we get the money...":

                The funny thing about people with money is they CAN move. It would seem Chicago is determined to repeat the mistakes of Detroit, which was also once a great city.

                Money is like water and will find its own level.

                “Cry havoc and let slip the DOGE of war!”

                Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                1 Reply Last reply
                • JollyJ Jolly

                  @jon-nyc said in "First we get the money...":

                  @Jolly

                  He was so worried about the plan of the Chicago's mayor's friends that he left Republican-run Long Island?

                  And he was so extra worried about it that he left even before the they released the plans?

                  Damn, sing us a song, piano man.

                  Nope, just a general observation about taxation and people.

                  AxtremusA Offline
                  AxtremusA Offline
                  Axtremus
                  wrote on last edited by
                  #15

                  @Jolly said in "First we get the money...":

                  @jon-nyc said in "First we get the money...":

                  @Jolly

                  He was so worried about the plan of the Chicago's mayor's friends that he left Republican-run Long Island?

                  And he was so extra worried about it that he left even before the they released the plans?

                  Damn, sing us a song, piano man.

                  Nope, just a general observation about taxation and people.

                  Don't just think only about "cost", think also about "revenue." Doesn't matter if a place assesses zero tax, no one wants to be there if there is no money to be made despite their having zero tax rate.

                  1 Reply Last reply
                  • jon-nycJ jon-nyc

                    Ever since they renamed the Sears tower it’s been dead to me.

                    George KG Offline
                    George KG Offline
                    George K
                    wrote on last edited by
                    #16

                    @jon-nyc said in "First we get the money...":

                    Ever since they renamed the Sears tower it’s been dead to me.

                    You know they renamed Lake Shore Drive too - now it's "DuSable Lake Shore Drive."

                    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                    MikM 1 Reply Last reply
                    • jon-nycJ Offline
                      jon-nycJ Offline
                      jon-nyc
                      wrote on last edited by
                      #17

                      If I ever go back to Chicago it will only be to take a dump on Michigan Avenue.

                      If you don't take it, it can only good happen.

                      1 Reply Last reply
                      • George KG George K

                        @jon-nyc said in "First we get the money...":

                        Ever since they renamed the Sears tower it’s been dead to me.

                        You know they renamed Lake Shore Drive too - now it's "DuSable Lake Shore Drive."

                        MikM Offline
                        MikM Offline
                        Mik
                        wrote on last edited by
                        #18

                        @George-K said in "First we get the money...":

                        @jon-nyc said in "First we get the money...":

                        Ever since they renamed the Sears tower it’s been dead to me.

                        You know they renamed Lake Shore Drive too - now it's "DuSable Lake Shore Drive."

                        The French fur trader? Really?

                        "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

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