Understanding why Property Taxes Are So High in Illinois – What Caused The Illinois pension crisis
If you’re living in Illinois and you’re wondering why your property taxes are so high, the answer is quite simple. Your Unionized Public Sector caused it! The major liabilities in society and this is a universal law are the inactive participants in the present day economy, whether they be Children, retired folks or individuals on some type of Government Welfare, if you’re not producing any financial wealth for your nation, you’re a net liability.
Why Public Sector Unions Destroy Nations?
Click Here to Read About The Illinois pension crisis
Working in the public sector shouldn’t have a profit motive if a politician has a profit motive be the President, Senator, Governor, Mayor etc. is he going to be a good president? Of course not! In actuality, it’s better to have a political leader whose motivated by his own ego than it is to have a political leader whose motivated by the money. Politicians are in work for the public and society is smart enough to give most politicians term limits, the reason they do this is that people who work for the public in time can easily become corruptable or believe they’re entitled to become dictators if you’re under the assumption that public sector workers can’t fall under the same spell you’re sadly mistaken and clearly haven’t looked at how many Public Sector employees in Illinois need Pensions to survive.
| State Pension Plan (2016) | Total Membership | Total Liability ($M) | Funding ratio |
|---|---|---|---|
| Teachers’ Retirement System (TRS) | 406,855 | $122,904 | 40% |
| State Employees Retirement System (SERS) | 87,437 | $46,701 | 36% |
| State University Retirement System (SURS) | 230,364 | $41,853 | 44% |
| Judges’ Retirement System (JRS) | 972 | $2,649 | 36% |
| General Assembly Retirement System (GARS) | 470 | $371 | 15% |
Now let’s be honest here, who convinced these public sector employees that they could get these types of Pensions for life after they retire? If you guessed that would be their Public Sector Unions You’d be 100% correct. This is what Unions do, Unions have to prove their value, so of course it’s only natural that a union might inflate the numbers to these public sector employees and when things go right it’s only natural that the powers that be would look to find ways to tax the hell out of the people they believe have the most money. I mean let’s be honest Illinois why do you think Micheal Jordan is having such a hard time selling his mansion?
The reason Michal Jordan can’t sell his Illinois Mansion is that his property taxes are too high, Rich people do watch government costs and when Public Sector employees go bankrupt they’ll usually go after the rich people first. Rich people know and understand that a lot of Public sector employees behave like spoiled children when they don’t get their way and why shouldn’t they, typically public sector workers in their lifetime make around 30% than their private sector equivalents.
Being that Public Sector unions have no choice but to chant that the rich are stealing the cities wealth, the public sector retirees will, of course, justify the over taxation of the people they serve as just.
As we all know when the government says they’re trying to tax the rich what ends up happening is that these higher taxes on the rich start to trickle down and affect everyone including the middle class and poor. Because even rental property owners have to pay property taxes and if they have to pay property taxes they’ll in time pass the rental costs over to the renters, so the poor renter is affected and also don’t forget that store owners who own or lease their properties also have to pay higher property costs so food and clothing prices might also go up.
This happens primarily because of Public Sector Unions, now let me say that I do believe that Unions have a right to exist, what I don’t believe is that Unions have a right to exist in the Public Sector. This is why a lot of people have always said keep the government small. The larger the government gets the more the potential that you’ll have problems like Illinois pension crisis.
interesting times ahead
