patrick.net
An Antidote to Corporate Media
1,196,373 comments by 14,064 users - Blue, Ceffer online now
Illinois ponders pension-fund moonshot: a $107B bond sale
invite response
2018 Jan 30, 7:35am 17,105 views 63 comments
« First « Previous Comments 59 - 63 of 63 Search these comments
59
lostand confused
2018 Jan 31, 12:27pm
lostand confused
2018 Jan 31, 12:27pm
WookieMan says
Yeah I miss the mountains. In CA if you bought a house for 300k you pay 1% of it for evah with very small increases. So it helps in planning. I don't mind income taxes-you only pay on what you make. But high property taxes-you get cancer and your family is out because you can't pay taxes. And for what-so some guy making 300k a year can live off his pension??
CO is very expensive now though-looked into it. I cna move to Salt lake city-I hear it is very polluted though? Phoenix sumers are brutal-but N AZ is a few hours away.
Geograpy wise CA is ideal for me-especially coastal CA. I loved it-beautiful weather, oceans, deserts, mountains and up north temperate rain forests, lava beds, active volcanoes, caves etc etc-just beautiful. But I just can't deal with the SJW types anymore-losing patience as I grow older. TX is nice, but I really don't like the weather-IL is better, winters you just hibernate.
Utah maybe my next move.
'm looking more at AZ, CO, WY, MT, UT, TN, SC, NC and maybe GA north of Atlanta closer to the Smokies. I like weed so CO would probably be number 1 on my list right now.
Yeah I miss the mountains. In CA if you bought a house for 300k you pay 1% of it for evah with very small increases. So it helps in planning. I don't mind income taxes-you only pay on what you make. But high property taxes-you get cancer and your family is out because you can't pay taxes. And for what-so some guy making 300k a year can live off his pension??
CO is very expensive now though-looked into it. I cna move to Salt lake city-I hear it is very polluted though? Phoenix sumers are brutal-but N AZ is a few hours away.
Geograpy wise CA is ideal for me-especially coastal CA. I loved it-beautiful weather, oceans, deserts, mountains and up north temperate rain forests, lava beds, active volcanoes, caves etc etc-just beautiful. But I just can't deal with the SJW types anymore-losing patience as I grow older. TX is nice, but I really don't like the weather-IL is better, winters you just hibernate.
Utah maybe my next move.
60
Booger
2018 Feb 1, 6:51pm
Booger
2018 Feb 1, 6:51pm
https://www.zerohedge.com/news/2018-02-01/its-baaaaack-illinois-privilege-tax-bill
Illinois Democrats are pushing again for passage of the “privilege tax”
Illinois Democrats are pushing again for passage of the “privilege tax”
61
WookieMan
2018 Feb 1, 7:05pm
WookieMan
2018 Feb 1, 7:05pm
lostand confused says
I know. Weeeeeeeeeeeeeed! Humans dig it, can still function and will move to where it's available. CO wouldn't crash necessarily, but if ganja was legalized nationwide the growth would stop and maybe see a 10% decline in GDP, real estate, etc. in CO. I'm waiting for their mini crash and hope it aligns with the most definite IL crash.
Booger says
This line caught my eye: "It was sponsored by Senator Dan Biss (D-Evanston), who is also a genuine contender for governor."
I don't recall if you've stated where you live in past postings, but if you live in IL as I do, this line is fucking comical from the article. Dan Biss has ZERO chance of getting the nod from the Dems to be their horse in the race. There's a fucking chapstick Kennedy in the race as well. No neck, JB Prickzer will be the Dem nominee. Fuck, this state is really doomed as I read what I'm typing.
CO is very expensive now though-looked into it
I know. Weeeeeeeeeeeeeed! Humans dig it, can still function and will move to where it's available. CO wouldn't crash necessarily, but if ganja was legalized nationwide the growth would stop and maybe see a 10% decline in GDP, real estate, etc. in CO. I'm waiting for their mini crash and hope it aligns with the most definite IL crash.
Booger says
https://www.zerohedge.com/news/2018-02-01/its-baaaaack-illinois-privilege-tax-bill
Illinois Democrats are pushing again for passage of the “privilege tax”
This line caught my eye: "It was sponsored by Senator Dan Biss (D-Evanston), who is also a genuine contender for governor."
I don't recall if you've stated where you live in past postings, but if you live in IL as I do, this line is fucking comical from the article. Dan Biss has ZERO chance of getting the nod from the Dems to be their horse in the race. There's a fucking chapstick Kennedy in the race as well. No neck, JB Prickzer will be the Dem nominee. Fuck, this state is really doomed as I read what I'm typing.
62
Strategist
2018 Feb 1, 7:16pm
Strategist
2018 Feb 1, 7:16pm
Booger says
Looks like the Illinois government spends most of it's time trying to figure out how to sneak in new taxes without anyone noticing.
That's OK, it's all for a good cause. $300K pensions at 55.
https://www.zerohedge.com/news/2018-02-01/its-baaaaack-illinois-privilege-tax-bill
Illinois Democrats are pushing again for passage of the “privilege tax”
Looks like the Illinois government spends most of it's time trying to figure out how to sneak in new taxes without anyone noticing.
That's OK, it's all for a good cause. $300K pensions at 55.
« First « Previous Comments 59 - 63 of 63 Search these comments
If this goes down, we might see our first bankrupt state in our country. I don't get how they expect to produce income on the spread of the borrowed money vs. what they invest. IL already basically borrows at some of the highest rates in the country for a government body.
This is literally the equivalent of taking a cash advance on your credit card at 20% interest and then expecting returns of 30%. There's almost no scenario where this works out of IL citizens or the bond holders.
This is another reason I hate the back and forth on Trump. In the next 3 or 7 years if Trump is elected again, he will not even remotely have as much impact on my finances as my state legislative branch does. Next stop on the IL tax train is double digit income taxes. That will literally cost me $10k+ if we go 10% plus on IL income taxes. This is a when not if conversation. Thank god if it gets bad enough I can easily leave.