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Thread: Illinois Lawmakers Propose 75% Income Tax Hike

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by MaggieD View Post
    "Civil Servant" is rather demeaning and old-fashioned, don'tcha' think? They're employees. Not servants. Everybody knows how I feel about public sector unions, but to say that we all shouldn't be able to be "haves" is kinda' elitist in my opinion.
    It's not elitist, it's jealousy.

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by The Preacher View Post
    Simply put, they earned it. Why should their employer get to renege on promises that were made at the beginning of employment?
    The trade-off for lower pay was benefits, including a pension.
    It would be the same as you paying your mortgage for thirty years and the bank owning your home anyway.
    Contracts last a few years at best. When someone begins their career, it's not a lifetime contract commitment. To think it is is ridiculous. If one were to take this issue through the courts, the promises could not be enforced beyond the contract length.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by The Preacher View Post
    It's not elitist, it's jealousy.
    Personally, I've find the accusation, "You're just jealous," more appropriate to the playground than in a serious discussion of fiscal responsibility.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by MaggieD View Post
    Contracts last a few years at best. When someone begins their career, it's not a lifetime contract commitment. To think it is is ridiculous. If one were to take this issue through the courts, the promises could not be enforced beyond the contract length.
    That's why they renegotiate the contract every couple of years. That does not give the right to take back what has all ready been earned. Now, if I don't like what is in the new contract, I can opt to take my 'services' elsewhere.

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by The Preacher View Post
    That's why they renegotiate the contract every couple of years. That does not give the right to take back what has all ready been earned. Now, if I don't like what is in the new contract, I can opt to take my 'services' elsewhere.
    You're absolutely right. You can take your services elsewhere.

    You're also right that it doesn't give anyone the right to take back what has already been earned. A two-year contract that promises a pension in 30 years requires that funding be done during that two-year period to begin to make that happen from an actuarial standpoint. That funding (whatever the dollar amount) cannot be taken away. It's a done deal. The next contract can take the entire pension away -- and the result would be that the employer would have to pay the employee that 2-year funding. Period.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by MaggieD View Post
    Personally, I've find the accusation, "You're just jealous," more appropriate to the playground than in a serious discussion of fiscal responsibility.
    Sorry, but that's the way I see it. The biggest crybabies are the ones who chose the higher pay of the private sector vs. the lower pay, but good benefits of public sector. I didn't see anyone crying while they were using the government services, just when the bill is due. Maybe jealousy is ia poor choice of words, hypocracy is a better fit. As far as fiscal responsibility, I kept up my end of the bargain, I expect you to keep up yours.

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by The Preacher View Post
    Sorry, but that's the way I see it. The biggest crybabies are the ones who chose the higher pay of the private sector vs. the lower pay, but good benefits of public sector. I didn't see anyone crying while they were using the government services, just when the bill is due. Maybe jealousy is ia poor choice of words, hypocracy is a better fit. As far as fiscal responsibility, I kept up my end of the bargain, I expect you to keep up yours.
    And taxpayers are entitled to renegotiate contracts when they come up for renewal.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by The Preacher View Post
    Sorry, but that's the way I see it. The biggest crybabies are the ones who chose the higher pay of the private sector vs. the lower pay, but good benefits of public sector. I didn't see anyone crying while they were using the government services, just when the bill is due. Maybe jealousy is ia poor choice of words, hypocracy is a better fit. As far as fiscal responsibility, I kept up my end of the bargain, I expect you to keep up yours.
    Sorry but I have to jump in for a moment. I am getting pretty disgusted with the people who post throwing around the word hypocracy. You can disagree but why do you have to be disagreeable?

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by The Prof View Post
    7. Public pensions plague the plebiscite, 4 billion dollars in arrears.
    They're having some sort of a referendum and that referendum owes $4bil?
    I may be wrong.

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    The Tax Foundation - State Individual Income Tax Rates, 2000-2011

    5.25% doesn't seems so bad when compared to other states.
    I may be wrong.

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