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Old 05-14-2019, 10:13 PM   #1
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Default American cities in debt rankings - Guess who's first

Truth in Accounting recently put out a report on the "per-Taxpayer burden" and Chicago tops the list.

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Chicago’s combined Taxpayer Burden: $119,110
New York City’s combined Taxpayer Burden: $85,600
Los Angeles’ combined Taxpayer Burden: $56,390
Philadelphia’s combined Taxpayer Burden: $50,120
San Jose’s combined Taxpayer Burden: $43,120
San Diego’s combined Taxpayer Burden: $35,410
Dallas’ combined Taxpayer Burden: $33,490
Houston’s combined Taxpayer Burden: $22,940
San Antonio’s combined Taxpayer Burden: $16,660
Phoenix’s combined Taxpayer Burden: $13,290 ​​​​​​
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Forbes reported that the city’s taxpayer burden is attached to unfunded retirement obligations amassed over of a number of years: $39 billion in retirement benefits have been promised; $28 billion in pension and $842.9 million in retiree health care benefits haven’t been funded.
https://www.foxnews.com/politics/cit...-chicago-study

Looks like getting Chicago out of debt will cost every taxpayer almost $120K.
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Old 05-15-2019, 12:47 AM   #2
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Guess what all 10 of those cities have in common too?

I'll give you a hint, it's a party that always thinks they're right, and have the answers for everything.
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Old 05-15-2019, 09:10 AM   #3
 
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Legalize pot and tax it correctly!! end of problem!
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Old 05-15-2019, 09:13 AM   #4
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Legalize pot and tax it correctly!! end of problem!
I would agree with that; however, the government is like a normal person...increase the income...increase the spending.
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Old 05-15-2019, 09:16 AM   #5
 
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I would agree with that; however, the government is like a normal person...increase the income...increase the spending.

On top of which, taxing it too much means the black market stays around and can actually grow and you have no way to control if it was bought legally or not.



The answers to all of lifes problems isnt just finding a new revenue stream to tax.
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Old 05-15-2019, 09:27 AM   #6
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Originally Posted by BS ISF View Post
Legalize pot and tax it correctly!! end of problem!
While I agree with legalizing marijuana, tax revenue from it will just be a drop in the bucket and likely will be squandered by greedy special interest groups
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Old 05-15-2019, 09:32 AM   #7
 
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We need to legalize sports betting too!

I obviously think solution number 1 should be reducing spend...but it is crazy to not legalize pot and sports betting to increase revenue.
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Old 05-15-2019, 09:59 AM   #8
 
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Sports betting and Pot will be huge!! As long as the Crooks in Cook county and Springfield don't steal the majority.
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Old 05-15-2019, 10:39 AM   #9
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The only way I see out is a federal bailout from a Democrat president.
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Old 05-15-2019, 11:02 AM   #10
 
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The only way I see out is a federal bailout from a Democrat president.
So it's OK for Republican presidents to bailout private business, but only a Democrat president can bailout a city
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Old 05-15-2019, 11:08 AM   #11
 
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Greedy assholes never learn and don’t care.

Everyone knows why there’s so much debt in the first place.
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Old 05-15-2019, 11:18 AM   #12
 
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So it's OK for Republican presidents to bailout private business, but only a Democrat president can bailout a city
Neither is ok...but I don't see a Republican president pushing for the bailout of the Democratic utopia IL has become...
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Old 05-15-2019, 11:18 AM   #13
 
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Originally Posted by Ryan02Stang View Post
We need to legalize sports betting too!

I obviously think solution number 1 should be reducing spend...but it is crazy to not legalize pot and sports betting to increase revenue.
I agree with taxing both, but that's shuffling the deck chairs of a sinking ship.

Contrary to popular believe, revenue in Illinois keeps increasing. The issue isn't revenue in my opinion, but the cost side. Our State doesn't budget well and pension liability is driving it to near insolvency. Fix the pension issues first!
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Old 05-15-2019, 11:20 AM   #14
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Legalize pot and tax it correctly!! end of problem!
Don't forget prostitution also.
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Old 05-15-2019, 11:23 AM   #15
 
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Don't forget prostitution also.
No joke...they should legalize that too. Just one more thing they are fools to believe the law is having an impact on. Legalize it, put some safety rules around it, and tax it.
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Old 05-15-2019, 11:28 AM   #16
 
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No one will do that because it means political death.
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I agree with taxing both, but that's shuffling the deck chairs of a sinking ship.

Contrary to popular believe, revenue in Illinois keeps increasing. The issue isn't revenue in my opinion, but the cost side. Our State doesn't budget well and pension liability is driving it to near insolvency. Fix the pension issues first!
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Old 05-15-2019, 11:36 AM   #17
 
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Don't forget prostitution also.
Lol. And more strip joints.
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Old 05-15-2019, 11:36 AM   #18
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YES! Full nude and full impact ones...
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Old 05-15-2019, 11:39 AM   #19
 
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All I want is a local strip club thats full nude and sells "extras", sells alcohol, allows me to smoke pot inside, and lets me place sports bets inside. This place would make so much money off me it would be sick!
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Old 05-15-2019, 11:40 AM   #20
 
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I agree about legalizing pot and prostitution. LOL

But that extra/more money (from those taxes) that comes in will just get wasted. Anyways.

It will cause more inflation. Idk. Lol.
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Old 05-15-2019, 11:42 AM   #21
 
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Originally Posted by Ryan02Stang View Post
All I want is a local strip club thats full nude and sells "extras", sells alcohol, allows me to smoke pot inside, and lets me place sports bets inside. This place would make so much money off me it would be sick!
Youíve been to Vegas?

Actually thereís a nearby county where prostitution is legal. Illegal in Vegas but nobody gives a shit. LOL.

Itís really expensive though. So Iíve heard
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Old 05-15-2019, 11:43 AM   #22
 
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Youíve been to Vegas?

Actually thereís a nearby county where prostitution is legal. Illegal in Vegas but nobody gives a shit. LOL.

Itís really expensive though. So Iíve heard
Vegas strip clubs aren't full nude!!!
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Old 05-15-2019, 11:45 AM   #23
 
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Vegas strip clubs aren't full nude!!!
Unfortunately

But maybe there’s clubs outside of Vegas. That are

Lol.

Or just order a stripper to your hotel room. For more $$$ though
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Old 05-15-2019, 12:59 PM   #24
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I just want more than stripper glitter on me.
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Old 05-15-2019, 06:23 PM   #25
 
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.

Cut spending, stop enabling welfare whores generation after generation,
stop insane union blackmailing & raping of tax payers, every one works and contributes, even if it's a wash!!!!


.
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