The key theme of the day seems to be denial, as in psychological denial. Devoted Clintonista Rahm Emanuel is in denial that the political party to which he has devoted much of his life is leaving him behind. Progressives are in denial that the more they cry “Racism!” the less effect it has. Inflammatory charges cannot be the basis of your diet. They are more like seasoning. Too much and the whole dish become inedible. The editors of the Washington Post are in denial that Turkey has become Islamist rather than secular Kemalist and an Islamist Turkey cannot be our ally.
Today I’ve also seen denial that there is no demonstrable relation between nominal personal income tax rates and income inequality. Effective tax rates may be another story.
People say that I’m in denial because I don’t leave Chicago/Illinois. I understand the problems and the risks well. I have nowhere else to go. It is where my job is and I am not rich enough to live anything but a hardscrabble life without my job.
Retire as soon as you can, then move.
I find it hard to believe your skills aren’t transferable to another locale. However, loss of seniority is a big deterrent.
I’m too old. My skills are great but I haven’t received an offer in years. They used to come once a week. Another factor: at my level they’re a lot rarer.
I heard something, Dave, that sounded so bizarre I couldn’t believe it. Basically, your new governor is proposing doubling the state income tax, charging sales taxes upon the SALE of your already owned auto, a tax on selling your home, myriad user fees etc. Can that be true?
Separately, I don’t think its pedantic to note that income inequality is, well, income inequality. Income precedes the taxes on it. Hard to ascribe the causes of income inequality on something that comes after income.
Guarneri:
To the best of my knowledge Gov. Pritzker has proposed no new taxes in the last week or so.
I can’t even contemplate moving. Too much.
“It is where my job is and I am not rich enough to live anything but a hardscrabble life without my job.â€
Something just doesn’t add up here.
Not enough savings, the fruit of putting twenty-five years of effort and income into a business that ultimately failed.