<html><body><div style="color:#000; background-color:#fff; font-family:garamond, new york, times, serif;font-size:16px"><div id="yui_3_16_0_1_1430311153796_5272"><span id="yui_3_16_0_1_1430311153796_5271">Martire's organization has always done a great job of documenting the real cuts in services over the years, adjusting for inflation and population growth. But it's important to note that his proposals for balancing the budget don't address the rapid expansion in public spending that is needed, and can only be funded by taxes on the wealthy. There's no reason to fetishize a balanced budget while our economy will still be miserable for over 1/3 of the people.</span></div> <br><div class="qtdSeparateBR"><br><br></div><div class="yahoo_quoted" style="display: block;"> <div style="font-family: garamond, new york, times, serif; font-size: 16px;"> <div style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 16px;"> <div dir="ltr"> <font face="Arial" size="2"> On Tuesday, April 28, 2015 11:06 PM, Astrid Berkson <astridjb@comcast.net> wrote:<br> </font> </div> <blockquote style="padding-left: 5px; margin-top: 5px; margin-left: 5px; border-left-color: rgb(16, 16, 255); border-left-width: 2px; border-left-style: solid;"> <br><br> <div class="y_msg_container"><div id="yiv5919269644"><div>
i don't understand not taxing retirement income. many of us seniors
own our homes, have a good income, and have no dependents. why
should we pay no tax while people with 3 kids, childcare expense,
and a lower income pay full tax? martire's graduated proposal is
eminently reasonable<br clear="none">
<pre class="yiv5919269644moz-signature">"May this be the worst day of your life".
Old Irish blessing.</pre>
<div class="yiv5919269644yqt5912765300" id="yiv5919269644yqt70295"><div class="yiv5919269644moz-cite-prefix">On 4/28/2015 6:54 PM, 'C. G. Estabrook'
<a class="yiv5919269644moz-txt-link-abbreviated" href="mailto:carl@newsfromneptune.com" target="_blank" rel="nofollow" shape="rect" ymailto="mailto:carl@newsfromneptune.com">carl@newsfromneptune.com</a> [sf-core] wrote:<br clear="none">
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<div>After 40 years of (accelerating) increase in inequality,
the solution is obvious: tax HINWIs. The Democrats tried
to do that in the last session, with their (limited)
"millionaires tax," but there's some question how serious
they were. But it's the right approach.<br clear="none">
<br clear="none">
I think we should resist any proposal to expand the sales
tax or to start taxing retirement income.<br clear="none">
<br clear="none">
Illinois is fifth in the list of states with number of
people with a net worth of $30 million or more - UHINWIs,
"ultra-high net worth individuals" (after CA, NY, TX, and
FL) <br clear="none">
<br clear="none">
These are the Illinoisan who should be taxed, not those
with investable assets less than $1 million.<br clear="none">
<br clear="none">
<a class="yiv5919269644moz-txt-link-freetext" href="http://www.cnbc.com/id/102213030" target="_blank" rel="nofollow" shape="rect">http://www.cnbc.com/id/102213030</a><br clear="none">
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> On Apr 28, 2015, at 2:05 PM, David Green via Peace
<a class="yiv5919269644moz-txt-link-rfc2396E" href="mailto:peace@lists.chambana.net" target="_blank" rel="nofollow" shape="rect" ymailto="mailto:peace@lists.chambana.net"><peace@lists.chambana.net></a> wrote:<br clear="none">
> <br clear="none">
>
<a class="yiv5919269644moz-txt-link-freetext" href="http://www.news-gazette.com/news/local/2015-04-28/want-fix-state-budget-heres-how-says-one-expert.html" target="_blank" rel="nofollow" shape="rect">http://www.news-gazette.com/news/local/2015-04-28/want-fix-state-budget-heres-how-says-one-expert.html</a><br clear="none">
> <br clear="none">
> Ralph Martire offers a sound analysis of how Illinois
has historically beggared its General Fund, which effects
education, human services, etc. Nothing much different
than I've heard before, but that's fine. He affirms that
we are a rich state, and can well afford to support these
programs. He probably understands how the rich have gotten
to be so rich, and the poor so poor. Nevertheless, his
proposals don't incorporate that awareness in terms of
taxing the rich (income and or wealth), or a financial
transactions tax.<br clear="none">
> <br clear="none">
> He's mistaken, in my view, in his emphasis on
education for social mobility. We should fund schools much
better and more equally for many reasons, but not because
education is the "only hope" for poor children. If that's
the case, then they have no hope. We need living wages and
full employment, period.<br clear="none">
> <br clear="none">
> Regarding pensions, I asked him about just having a
transfer (social security type) system for government
employee retirement; he dismissed that as impractical, and
he's probably right. But the fundamental point is that we
have a pension system sucking money out of the real
economy and into Wall Street--including Rauner's private
equity wealth; the whole public/private pension model that
we've been sold for the past 40 years is for the benefit
of the 1%, and it only adds to systemic risk, as we can
now clearly see. If we need to have a public pension
system apart from social security, we need to invest that
money in a state bank where it can be invested for the
public good, not used in hedge fund/private equity Ponzi
schemes.<br clear="none">
> <br clear="none">
> Martire has a clear and sound understanding of state
budgetary issues; unfortunately, he doesn't recognize or
acknowledge that we have ruthless top-down class warfare
on our hands, and it can be fought at the state as well as
national level. Even his modest, practical proposals are
ignored by most Democratic Party politicians,
notwithstanding Carol Ammons' support. I'm not sure how
much longer we can ignore the need for a fundamental and
honest analysis, however "impractical," as well as a
political party that straightforwardly represents that
analysis.<br clear="none">
> <br clear="none">
> David Green<br clear="none">
> _______________________________________________<br clear="none">
> Peace mailing list<br clear="none">
> <a class="yiv5919269644moz-txt-link-abbreviated" href="mailto:Peace@lists.chambana.net" target="_blank" rel="nofollow" shape="rect" ymailto="mailto:Peace@lists.chambana.net">Peace@lists.chambana.net</a><br clear="none">
> <a class="yiv5919269644moz-txt-link-freetext" href="https://lists.chambana.net/mailman/listinfo/peace" target="_blank" rel="nofollow" shape="rect">https://lists.chambana.net/mailman/listinfo/peace</a><br clear="none">
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<hr style="border-width: 0px; height: 2px; color: rgb(227, 227, 227); background-color: rgb(227, 227, 227);"> Posted by: "C. G. Estabrook"
<a class="yiv5919269644moz-txt-link-rfc2396E" href="mailto:carl@newsfromneptune.com" target="_blank" rel="nofollow" shape="rect" ymailto="mailto:carl@newsfromneptune.com"><carl@newsfromneptune.com></a>
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