As the COVID-19 pandemic continues to bring the economy to a screeching halt, progressive cities dealing with a large and growing homeless populations face increased pressure to provide assistance amid budget shortfalls and dwindling or delayed tax r
The core problem is the U.S. economy has been fully financialized, and so costs are unaffordable.
Cuts In Services Strike As Demand Soars
We can anticipate a federal bailout of pension funds and one-time aid to state and local governments, but bailouts won't repair the eroding foundations of tax revenues.
Already strained by unfunded pension obligations, states now face a collapse in tax revenue.
... for leaving stores vacant. Democrats tax -- it's what they do
Because the government's voracious appetite for money, power and domination has grown out of control, its agents have devised other means of funding its excesses and adding to its largesse through taxes disguised as fines, taxes disguised as fees,
The City of Chicago would like to spend a billion dollars more than it will raise under existing taxes and fees, so Mayor Lori Lightfoot is setting the stage for a tax increase.
If having the highest taxes were a competition, Chicago would be a clear winner.