Rahm Emanuel

Taxing Time For Chicagoans

The elections are over. So it’s time for “higher/new fees, fines, and taxes,” as I routinely point out in Survival And Prosperity.

Chicagoans found out yesterday what kind of impact City Hall’s latest “revenue enhancements” will have on their personal finances. Julian Crews, Dan Ponce, and Dana Rebik reported on the WGN-TV Chicago website Wednesday:

The Chicago City Council voted unanimously to pass Mayor Rahm Emanuel’s $8.2 billion 2017 budget Wednesday…

For taxpayers, the hardest pill to swallow in the budget may be a nearly 30 percent increase on water and sewer bills. The hike will be phased in over four years, and is expected to raise nearly $240 million to help shore up the municipal workers pension fund.

But the big impact to taxpayers will come in the form of a tiered increase in property taxes to fund police and fire pensions approved by the Council last year.

Other new fees include:

7-cent fee for all plastic AND paper bags to encourage people to bring reusable bags to the grocery store.
3.5 percent amusement tax for tickets to concerts, sporting events and musicals…

(Editor’s note: Bold added for emphasis)

Crews, Ponce, and Rebik also pointed out coming higher fees with parking rates downtown, around Wrigleyville, and at both Midway and O’Hare airports. More parking meters will be popping up in the Loop and in city neighborhoods as well.

Anyone who’s been paying attention might have observed a disturbing trend lately with Chicago’s fees/fines/hikes. John Byrne and Hal Dardick reported on the Chicago Tribune website this morning:

The average family will pay nearly $1,700 more a year to the city and Chicago Public Schools than they did before the mayor took office in 2011 once all of Emanuel’s tax and fee increases take full effect. There’s been a series of property tax hikes. There was a water and sewer rate increase, plus a new tax on top of that. Not to mention a new garbage hauling fee, 911 phone tax hike, vehicle sticker fee increase and a tax on cable television…

(Editor’s note: Bold added for emphasis)

“$1,700 more a year… than they did before the mayor office in 2011”

Ouch. Byrne and Dardick added:

Even with all of that, taxpayers may be asked for more money in the coming years. Emanuel’s plans for shoring up long-neglected city worker pension funds will require the city to come up with hundreds of millions of dollars more by the early to mid-2020s

(Editor’s note: Bold added for emphasis)

In the meantime, the reporters calculated the “typical” Chicago homeowner ($250,000 residence) can expect to see their tax bill rise another $400 in 2017.

As a former resident of Chicago, I can understand why people would want to live there. That being said, Chicagoans have been required to “pay to play.” And that trend might not be their friend if that Tribune analysis plays out.

For those choosing to remain in the “City By The Lake,” it might be wise for these individuals to take a good, hard look at their finances to figure out if they can keep residing there should the cost of living continue its upwards trajectory.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Crews, Julian, Ponce, Dan, and Rebik, Dana. “City Council unanimously passes $8.2 billion budget, including new taxes and fees.” WGN-TV Chicago. 16 Nov. 2016. (http://wgntv.com/2016/11/16/chicago-city-council-expected-to-pass-mayors-2017-budget-today/). 17 Nov. 2016.

Byrne, John and Dardick, Hal. “The tab on Emanuel’s series of tax hikes: $1,700 a year for the average family.” Chicago Tribune. 17 Nov. 2016. (http://www.chicagotribune.com/news/local/politics/ct-rahm-emanuel-chicago-city-council-budget-vote-met-1117-20161116-story.html). 17 Nov. 2016.

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Chicago Could Lose Billions In Federal Funding Under Trump Administration

It’s a real possibility that the city of Chicago will lose out on billions of dollars of federal funds in the coming years due to its unabashed opposition of U.S. President-elect Donald Trump, its official policy of providing “sanctuary” to illegal aliens, and political grandstanding at a time when serious problems plague America’s third-largest city.

At the same time, Chicago Mayor Rahm Emanuel doesn’t sound too concerned. Byrne reported on the Chicago Tribune website Wednesday:

Mayor Rahm Emanuel on Wednesday predicted that President-elect Donald Trump would work with Chicago rather than penalize a city where many officials and voters opposed his candidacy.

Emanuel, who worked in the Clinton White House, was outspoken in his support for Democratic presidential nominee Hillary Clinton during the campaign. Yet the mayor said he doesn’t think the incoming president will seek retribution, perhaps by cutting Chicago out of federal funding for infrastructure and other big-ticket projects.

“I’m not worried about Donald Trump trying to somehow penalize Chicago,” Emanuel said at a City Hall news conference minutes after Clinton gave her concession speech.

Still, Emanuel noted that he won’t exactly have the Republican president’s ear…

I’m not sure President-elect Trump will listen to me, but I would say that you’re president for all of America, and that includes your third-largest city in the country,” said Emanuel, who was Obama’s first White House chief of staff…

(Editor’s note: Bold added for emphasis)

I’m not sure President-elect Trump will listen to Rahm either.

And considering opponent Hillary Clinton received 83.63 percent (865,075 votes) of the votes in Chicago (source: DNAinfo) in Tuesday’s contest, I don’t believe Mr. Trump thinks he owes the “Windy City” any special favors.

In addition to being full of Clintonistas, Chicago is a well-known “Sanctuary City” for illegal aliens. As Dorothy Tucker noted on the CBS 2 Chicago website yesterday:

President elect Donald Trump… threatened to cancel federal funding to sanctuary cities.

In Chicago, that’s an anticipated $1.33 billion for 2017- money that is used for everything from building bridges to feeding students. It’s money Trump supporters don’t want the city to lose just to protect illegal immigrants…

(Editor’s note: Bold added for emphasis)

Tucker added this:

Mayor Emanuel has indicated he’s committed to Chicago remaining a sanctuary city…

(Editor’s note: Bold added for emphasis)

Drip. Drip. Drip.

That’s the sound of federal funds to the “City By The Lake” drying up.

Finally, there’s this little bit of political grandstanding more characteristic of a the ruler(s) of some “Banana Republic.” Fran Spielman reported on the Chicago Sun-Times website back on November 1:

Chicago may well have earned Donald Trump’s unflattering ‘war zone’ label after piling up 17 homicides last weekend and 633 already this year.

But don’t tell that to a City Council filled with Democrats.

On Tuesday, the Council followed through on its promise to strip the Republican presidential nominee of an ego tribute he covets: the honorary ‘Trump Plaza’ designation outside the 96-story Trump International Hotel & Tower on the Chicago River that bears his name in huge, white letters

(Editor’s note: Bold added for emphasis)

If rabid opposition and Sanctuary City-status didn’t already motivate U.S. President-elect Donald Trump to steer federal funds to other areas of the country, it’s a pretty good bet this stunt was the icing on the cake.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Byrne, John. “Emanuel ‘not worried’ about Trump retribution, but some aldermen are.” Chicago Tribune. 9 Nov. 2016. (http://www.chicagotribune.com/news/local/politics/ct-rahm-emanuel-donald-trump-react-met-20161109-story.html). 11 Nov. 2016.

Ali, Tanveer. “How Every Chicago Neighborhood Voted In The 2016 Presidential Election.” DNAinfo. 9 Nov. 2016. (https://www.dnainfo.com/chicago/numbers/president-vice-president-every-neighborhood-map-election-results-voting-general-primary-illinois). 11 Nov. 2016.

Tucker, Dorothy. “‘Sanctuary City’ Status May Hurt Chicago With Trump Administration.” CBS 2 Chicago. 10 Nov. 2016. (http://chicago.cbslocal.com/2016/11/10/chicagos-sanctuary-city-status-could-be-a-problem-with-trump-administration/). 11 Nov. 2016.

Spielman, Fran. “Council votes to remove Trump Plaza designation.” Chicago Sun-Times. 1 Nov. 2016. (http://chicago.suntimes.com/politics/council-votes-to-remove-trump-plaza-designation/). 11 Nov. 2016.

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Chicago Weekend: 58 Shot, 11 Killed

“This Weekend’s Stupidity…

Final Stupidity Tally: 12 killed, 47 wounded
2015 weekend tally: 4 killed, 20 wounded
2014 weekend tally: 8 killed, 13 wounded…”

-HeyJackass! website Monday afternoon. Please note that one of their “kills” from the past weekend was a police-involved shooting.

The unseasonably warm weather continued in Chicago this past weekend.

As did the lethal shooting gallery.

Megan Crepeau reported on the Chicago Tribune website Monday morning:

For the second weekend in a row, more than 50 people were shot in Chicago as the number of homicides this year rose to more than 50 percent above the same period last year

(Editor’s note: Bold added for emphasis)

“More than 50 percent”

Actually 55 percent, according to the headline of that Tribune piece.

HeyJackass! (“Illustrating Chicago Values”) claims there have been 679 “total homicides” in the city so far this year.

Across town on the website of the Chicago Sun-Times Monday, Fran Spielman noted:

Mayor Rahm Emanuel’s $8.2 billion 2017 budget sailed through a City Council committee Monday along with the $50 million revenue package needed to help pay for it and the mayor’s promised police hiring surge

In fact, the biggest question surrounding the annual spending plan is whether the mayor can deliver on his ambitious promise to hire 970 additional police officers over the next two years

(Editor’s note: Bold added for emphasis)

“970 additional police officers over the next two years”

Some might refrain from referring to these prospective new hires as “additional police officers” once retirements and necessary promotions among existing Chicago Police Department personnel are factored in.

Still, I suspect each new body helps and they couldn’t come online soon enough, as the CPD still suffers from a well-publicized manpower shortage (first blogged about here) while combatting an epidemic of gun-related violence not seen in the “Windy City” in years.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Crepeau, Megan. “Homicides up 55 percent in Chicago after another violent weekend.” Chicago Tribune. 7 Nov. 2016. (http://www.chicagotribune.com/news/local/breaking/ct-chicago-weekend-shootings-violence-20161107-story.html). 7 Nov. 2016.

Spielman, Fran. “Emanuel’s $8.2B budget, $50M revenue package clear first hurdle.” Chicago Sun-Times. 7 Nov. 2016. (http://chicago.suntimes.com/news/emanuels-50m-revenue-package-expected-to-clear-first-hurdle/). 7 Nov. 2016.

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Tuesday, November 8th, 2016 Crime, Government, Public Safety No Comments

More Financial Pain For Many Chicago Homeowners In The Coming Days

When it comes to keeping on top of the latest financial developments coming out Chicago, I’ve been out of the loop lately (no pun intended).

As if that really mattered. Like I’ve been saying for some time now- the writing is on the wall for the “Windy City” concerning its finances.

I’ve also pointed out time and time again Chicagoans should expect higher/new fees, fines, and taxes (in conjunction with less government services) going forward.

Case in point- the next round of property tax bills. Hal Dardick reported on the Chicago Tribune website last week:

Chicago homeowners should brace themselves for sticker shock when they open their mailbox at the end of the month: property tax bills on average 13 percent higher than last year.

The big increase is mostly being driven by the record tax increase Mayor Rahm Emanuel engineered last fall to fix city pension funds for police officers and firefighters.

Cook County Clerk David Orr released tax rate figures Monday, revealing the practical effects of City Hall’s painful decision. The owner of a single-family home with the current average sale price of about $225,000 can expect to see a property tax bill of $3,633, an increase of about $413

(Editor’s note: Bold added for emphasis)

Compare this to an overall 9.3 percent citywide increase over the last three years, according to Dardick.

And just this morning one local TV news broadcast reported that the Chicago Teachers Union is demanding Mayor Emanuel raise taxes even more for school funding.

I think it’s pretty safe to say that more financial pain is heading Chicagoans’ way.

As for the rest of Cook County, the Tribune piece noted:

By comparison, homeowners in suburban Cook County typically can expect more modest increases, averaging 2 percent, although they already are paying substantially more than their city counterparts, according to Orr’s data…

Last I checked County finances weren’t too pretty either, so these suburban homeowners may very well be in the same boat as their city counterparts down the road.

For more information, check out Dardick’s entire article here on the Tribune website.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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SP Intel Report- December 1, 2015

I hope Survival And Prosperity readers had a nice Thanksgiving holiday. I’m going to keep the SP Intel Report short and local tonight as I get back into the swing of things.

Chicagoland

Chicago Thanksgiving Holiday Shootings Leave 8 Dead, At Least 20 Others Wounded

The long holiday weekend was a bloody one for Chicago. It was reported on the Fox 32 (Chicago) website Monday morning that 8 people were killed and at least 20 others wounded in shootings across the city. According to the HeyJackass! website this afternoon, the “Windy City” has tallied 2,750 shootings and 464 homicides year-to-date. Yikes.

‘Magnificent Mile’ Retailers Say Protest On Black Friday Resulted In Sales ‘25 Percent To 50 Percent Below Projections’

Kim Janssen reported on the Chicago Tribune website Monday afternoon:

Activists who blocked the entrances to stores on North Michigan Avenue on Black Friday to protest the fatal shooting of a black teenager by a white Chicago cop may have split opinions with their tactics.

But their goal of forcing retailers to suffer economic pain on what’s historically the busiest shopping day of the year was a success, according to unhappy store staff and managers who said Monday that Black Friday sales on the Magnificent Mile were 25 percent to 50 percent below projections

(Editor’s note: Bold added for emphasis)

As if the city of Chicago needed more financial misery heaped on it these days.

Chicago Police Superintendent Garry McCarthy Fired

“I’ve never quit on anything in my life. I’m 56 years old. Don’t expect that to change… The mayor has made it very clear that he has my back…”

-Chicago Police Superintendent Garry McCarthy on November 27, 2015, in response to calls for his resignation post-Laquan McDonald shooting video release


“FNN: Garry McCarthy out as Chicago Police Superintendent”
YouTube Video

“The mayor has made it very clear that he has my back”

Famous last words .

While I wasn’t a fan of Superintendent McCarthy, I do thank him for his several years of public service on behalf of the residents of Chicago.

Illinois

Illinois State Rifle Association Issues ‘Urgent Alert’ On Prepping For Terrorism

While I haven’t been following the activities of the Illinois State Rifle Association for long, I don’t think I’ve ever seen them this worked up about such an issue. From a November 14 Facebook post:

URGENT ALERT –
DO NOT PUT YOUR FAMILY SECURITY ON THE BACK BURNER
EVENTS IN PARIS ARE JUST A WARM UP EXERCISE
YOU MUST ARM AND TRAIN YOUR FAMILY TO ENSURE SURVIVAL

People around the world were treated today to a brutal spectacle having its roots in political naivety, ignorance of history, and wholly misguided immigration policy. Does that sound familiar? It should, because it aptly describes not only to the French government, but the sitting U.S. administration as well.

If you are of the mind of, “…it can’t happen here” then you are sorely deluded. The apparatus to launch a Paris-style bloodbath is already in place here in the United States. All these determined terrorists are waiting for is the go-head from their higher headquarters.

We may be only hours or even moments away from the news that dozens if not hundreds of Americans – just like you and your family – are laying dead or dying in a heap on the floor of some sporting, shopping or entertainment venue. We may be only hours or even moments away from hearing about how the police are looking for “…a few extremists” responsible from the carnage.

It’s not a question as to whether this is going to happen here, because it will. The real question is whether you are prepared to stand and protect what is yours. Are you prepared and able to defend yourself and your family? When the inevitable moment of truth arrives, are you willing to stand and fight or will you be content to play dead – hoping desperately that it is not your day to die?

The survival of you and your family is not mere fodder for some analysis of the war on terror – it’s a cultural imperative. As an American, you are very fortunate that you have a formula for survival and it’s called the Second Amendment. However, the power of any right is directly proportional to how vigorously it is exercised. Left unattended, the rights you enjoy under our Second Amendment will wither away.

To better the chances of survival for you and your family, the Illinois State Rifle Association urges you to do the following:

1. Make sure every person in your family holds a FOID card and that all eligible family members hold Illinois concealed carry permits.
2. Assemble a family defense arsenal consisting of one or more semiautomatic rifles such as the AR-15; one or more 12-gauge pump action shotguns, and one or more semiautomatic handguns. If you do not have a family defense arsenal, this is a good weekend to begin putting it together.
3. Be sure that you and every member of your family have had sufficient training in the use and field servicing of the weapons in your family defense arsenal.
4. Be sure that you have sufficient quantities of the proper ammunition on hand to defend your family.
5. Resolve this weekend to get yourself and your family into a physical training regimen. Your physical conditioning may be the difference between life and death during a Paris-style attack.
6. Encourage your extended family and friends to develop plans for protecting self and family from the threat of terror our government takes so lightly.

You have to understand that this is not a battle you can hire someone else to fight for you. When the time comes, you may very well find yourself standing nose to nose with a guy intent upon obliterating you, your culture, and everything you hold sacred.

Are you prepared?

Disturbing. Yet nothing to scoff at, as I too believe it’s only a matter of time before a major terror attack is launched by jihadists against the U.S.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

“8 killed, 20 wounded in Thanksgiving weekend shootings across Chicago.” Sun-Times Media Wire. 30 Nov. 2015. (http://www.fox32chicago.com/news/crime/54615863-story). 1 Dec. 2015.

Janssen, Kim. “Michigan Avenue Black Friday protests cost stores 25-50 percent of sales.” Chicago Tribune. 30 Nov. 2015. (http://www.chicagotribune.com/business/ct-black-friday-mag-mile-fallout-1201-biz-20151130-story.html). 1 Dec. 2015.

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Chicago’s Property Tax Hike To Hammer Small Business, Renters?

Looks like my girlfriend and I may have dodged yet another bullet moving out of our Chicago rental when we did (no pun intended). Hal Dardick and Bob Secter reported on the Chicago Tribune website yesterday morning:

Mayor Rahm Emanuel has framed his record $588 million property tax hike plan around the notion that it will include breaks for those of modest means, but hundreds of thousands of renters who fit that description are still likely to pay more because they can’t benefit from the mayor’s safeguards.

The mayor has vowed to make sure “that the burden is borne by those who can best afford it,” evoking images of thriving downtown businesses and fancy high-rise condominiums. But also in the crosshairs of the tax hike would be mom-and-pop businesses and a large number of apartment dwellers whose landlords typically build property tax expense into the rent

(Editor’s note: Bold added for emphasis)

I’m not going to steal Dardick’s and Secter’s thunder, so head on over to the Tribune website here to read the entire article (registration required).

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Thursday, October 8th, 2015 Business, Debt Crisis, Government, Housing, Taxes No Comments

Gun ‘Control’ Supporters Borrow A Page From Rahm Emanuel’s Playbook

From the Chicago Sun-Times Editorial Board Friday night on the paper’s website:

A young man armed to the teeth kills ten people at a community college in Oregon, and what do the politicians in Washington do?

They put on their saddest faces and go on TV. They shake their heads. They bemoan and decry.

As if that counts for a thing.

Spare us.

Here’s what they should do, right now, every one of them: Pass a law — two good bills are ready to go

(Editor’s note: Bold added for emphasis)

“Two good bills are ready to go…”

Of course they are. I wouldn’t have expected anything less from the gun “control” crowd these days.

You can read the rest of the opinion piece on the Sun-Times site here.


“Rahm Emanuel: ‘Never Let A Good Crisis Go To Waste’”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Chicago Mayor Rahm Emanuel Proposes $712 Million In Tax And Fee Hikes

Chicago’s long-dreaded “financial reckoning day” officially arrived on Tuesday.

Mayor Rahm Emanuel unveiled his $7.8 billion budget for 2016 before the Chicago City Council, which was higher than originally expected concerning the property tax hike and overall spending plan. Fran Spielman reported on the Chicago Sun-Times website Tuesday morning:

To confront the pension crisis and eliminate the structural deficit he inherited, Emanuel’s $712 million package of tax and fee hikes includes: a four-year $588 million property tax increase for police and fire pensions and school construction; a $9.50-a-month garbage collection fee; $13 million in higher fees for building permits; a $1 million tax on e-cigarettes and $48 million in fees and surcharges on taxicabs and ride-sharing services that have siphoned business away from them.

The phased-in property tax increase would be the largest in Chicago history…

(Editor’s note: Bold added for emphasis)

Oh, but there’s more. Spielman added:

The mayor also warned that he’s not done raising property taxes. He reaffirmed his support for a $170 million property tax increase for teacher pensions provided teachers accept the equivalent of a 7 percent pay cut and the state agrees to pick up “normal” pension costs…

(Editor’s note: Bold added for emphasis)

Personally, I think there’s a really good possibility new and higher fees, fines, and taxes are still on their way as the city’s financial health continues to deteriorate.

After all, based on historic economic cycles, a recession probably isn’t that far off.

I’ve blogged about the arrival of Chicago’s “financial reckoning day” for a couple of years now.

I’m sure more than a few Chicagoans thought I was a loon for doing so.

Personally I don’t give a crap about that. My goal in issuing those warnings was to wake my now-former neighbors up to the tough financial times that could be headed their way.

It is my hope those alerts didn’t fall entirely on deaf ears.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Spielman, Fran. “Rahm pitches tax hike: ‘Now is the time. This is the Council.’” Chicago Sun-Times. 22 Sep. 2015. (http://chicago.suntimes.com/news/7/71/979752/mayor-emanuel-makes-budget-pitch-city-council). 22 Sep. 2015.

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Chicago Police Reassigning 319 Officers From Desks To Streets

Even before suffering it’s second-worst weekend of 2015 for gun-related violence, Chicago announced the rollout of a new measure to try and combat the carnage. Frank Main and Fran Spielman reported on the Chicago Sun-Times website last Saturday:

The Chicago Police Department will soon move hundreds more officers out of desk jobs and onto the streets to battle the city’s surging violence — the latest in a series of transfers of cops from administrative jobs to patrol in recent years under Mayor Rahm Emanuel.

The department is reassigning 319 sworn officers from administrative positions to boost manpower on the streets without breaking the bank, said Adam Collins, a spokesman for the mayor. Those sworn officers include nurses, detention aides, property custodians and others whose jobs will be filled by lower-paid civilians, Collins said…

(Editor’s note: Bold added for emphasis)

This latest initiative by the City has been tried before. Main and Spielman added later in the piece:

Since the mayor took office in 2011, the police department has previously shifted at least 770 sworn police officers from desk jobs to patrol work

(Editor’s note: Bold added for emphasis)

A couple of questions come to mind here:

1. Why weren’t those 319 administrative positions shifted to the street earlier?

2. At the same time, how will this move affect administrative efficiency at the Chicago Police Department? Should Chicagoans expect a reduced quality of service from the CPD going forward?

3. If this latest reassignment action doesn’t succeed, will CPD middle management be looked at next time around?

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Main, Frank and Spielman, Fran. “319 more cops to be moved from desk duty to streets.” Chicago Sun-Times. 19 Sep. 2015. (http://chicago.suntimes.com/news/7/71/972007/desk-jockeys-hitting-street-emanuels-latest-move-boost-police-manpower). 22 Sep. 2015.

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Tuesday, September 22nd, 2015 Debt Crisis, Fiscal Policy, Government, Public Safety No Comments

Chicago Falling To Fourth-Largest U.S. City?

Really not surprised to read of the following. Jon Herskovitz reported on Reuters.com Sunday:

Within eight to 10 years, Houston is forecast by demographers in the two states to pass Chicago, which has seen its population decline for years, as the third-largest city.

Houston is projected to have population of 2.54 million to 2.7 million by 2025 while Chicago will be at 2.5 million, according to official data from both states provided for their health departments. New York and Los Angeles are safe at one and two respectively…

(Editor’s note: Bold added for emphasis)

Herskovitz added Chicago officials weren’t immediately available for comment about the forecast.

Perhaps too busy working out the details for that huge property tax hike that looks to be on its way? According to Greg Hinz over on the Crain’s Chicago Business website earlier today:

City Hall insiders say the goal is to completely exempt the lower half of Chicago homeowners from paying any of the roughly $500 million in higher property taxes the mayor is expected to propose on Sept. 22 in his annual budget speech. The upper half of homeowners would get a partial break, but still pay somewhat more.

If it moves forward in its current form, the plan would whack commercial and industrial property owners with a double shot. They would have to pay their normal share of the $500 million but also pick up what homeowners aren’t paying…

(Editor’s note: Bold added for emphasis)

Like the popular Chicago police blog Second City Cop said yesterday:

Here a tax, there a tax, everywhere a tax tax.

That “tax tax” could soon be arriving at the doorsteps of commercial/ industrial property owners in the “Second City.”

Or soon-to-be “Fourth City” if that prediction pans out.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Herskovitz, Jon. “America’s city rankings set for Texas-sized shake up; Houston to edge past Chicago.” Reuters. 13 Sep. 2015. (http://www.reuters.com/article/2015/09/13/us-usa-houston-idUSKCN0RD0E420150913). 14 Sep. 2015.

Hinz, Greg. “Who gets socked—and who doesn’t—in Emanuel’s latest tax hike plan?” Crain’s Chicago Business. 14 Sep. 2015. (http://www.chicagobusiness.com/article/20150914/BLOGS02/150919926/emanuel-plan-would-exempt-chicago-homeowners-from-big-property-tax). 14 Sep. 2015.

SCC. “And Another 9%.” Second City Cop. 13 Sep. 2015. (http://secondcitycop.blogspot.com/2015/09/and-another-9.html). 14 Sep. 2015.

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Survival And Prosperity
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Christopher E. Hill, Editor

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    I’ve had India on my mind recently. In particular, I’ve been thinking about the country’s safe deposit box industry in light of the ongoing “currency experiment.” Vikram Doctor over at The Economic Times (India) has also been speculating as to what the blitzkrieg on cash means for safe deposit boxes, publishing a piece entitled “Crackdown […]
  • Related Reading: SurvivalBlog.com Post About U.S. Bank Safe Deposit Boxes
    Back on February 2 I blogged about James Wesley, Rawles (comma not a typo), an author, lecturer, and founder/Senior Editor of SurvivalBlog.com, a preparedness blog that receives more than 320,000 unique visits per week. The former U.S. Army intelligence officer had just advised SurvivalBlog readers to “get a safe deposit box offshore, and store some […]
  • Happy Thanksgiving
    Just wanted to wish the American readers of Offshore Safe Deposit Boxes a Happy Thanksgiving. Thank you for your continued readership and support (that applies to everyone!). Christopher E. Hill Editor
  • U.S. Bullion Dealer Miles Franklin Launches Private Safe Deposit Box Program In Canada
    While pulling material together for the blog this morning, I learned about a new “offshore” safe deposit box program that’s just been launched by a well-known American precious metals dealer. Andrew Hoffman, Marketing Director for Miles Franklin (“one of America’s oldest, most trusted bullion dealers”) wrote on SilverSeek.com on November 2: We’ve spent more than […]