[Peace-discuss] [sf-core] Re: [Peace] Response to Martire talk yesterday

[Astrid Berkson]

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

"May this be the worst day of your life".
Old Irish blessing.

On 4/28/2015 6:54 PM, 'C. G. Estabrook' carl at newsfromneptune.com 
[sf-core] wrote:
>
> 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.
>
> I think we should resist any proposal to expand the sales tax or to 
> start taxing retirement income.
>
> 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)
>
> These are the Illinoisan who should be taxed, not those with 
> investable assets less than $1 million.
>
> http://www.cnbc.com/id/102213030
>
> > On Apr 28, 2015, at 2:05 PM, David Green via Peace 
> <peace at lists.chambana.net> wrote:
> >
> > 
> http://www.news-gazette.com/news/local/2015-04-28/want-fix-state-budget-heres-how-says-one-expert.html
> >
> > 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.
> >
> > 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.
> >
> > 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.
> >
> > 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.
> >
> > David Green
> > _______________________________________________
> > Peace mailing list
> > Peace at lists.chambana.net
> > https://lists.chambana.net/mailman/listinfo/peace
>
> __._,_.___
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> Posted by: "C. G. Estabrook" <carl at newsfromneptune.com>
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