by Mish

“We cannot raise property taxes forever. It’s time to get creative. Too many people are having too much fun, while others suffer in misery. We need a tax on fun. Rush street bars and popular pizza restaurants need to pay their fair share,” said the alderman.

The alderman blamed governor Bruce Rauner and mayor Rahm Emanuel for this mess.

Commenting specifically on the plight of Chicago public schools, “We need higher taxes, and more creative taxes, for the kids” screamed the alderman straight into my face.

RECOMMENDED ARTICLES

Upon further questioning, alderman Markham Upbigg revealed that his wife, Ponita “Pony” Upbigg is a Chicago public school teacher who is concerned about her pension. Pony Upbigg got the last word “Do it for the kids!”

Meanwhile, please let me point out, this is April 1.

Nonetheless, I wonder how far off reality this spoof will eventually prove to be.

Mike “Mish” Shedlock

“B” Word Hits Chicago: Illinois Governor Proposes Bankruptcy for Chicago Public School System

At long last, Illinois has a sensible proposal to help Chicago schools: Bankruptcy.

NYC Comptroller Wants to Shut All Restaurants and Bars

New York City Comptroller, Scott Stringer, wants to shut down all nonessential services in the city.

Chicago Pension Situation Improving Says Mayor: Careful Analysis Uncovers Lies

Chicago Mayor Rahm Emanuel brags about balancing the Chicago budget and fixing the city’s pension plans. Reuters writer Dave McKinney took the lies hook line and sinker.

Illinois Too Broke to Fix: Chicago Police Pension Fund Broke by 2021 at the Latest

The Chicago City Wire has a projection regarding pensions that matches my prior projections: Chicago’s police pension fund will be broke in 2021.

GOP Tax Reform: How Does It Affect Me? You? Mish Alternative Proposal

People have asked me to comment on the GOP’s Unified Framework For Fixing Our Broken Tax Code. I will do so honestly. In the comments below I explain how the proposal benefits me personally, small business owners in general, and the average person.

Chicago’s Sheep Dogs Approve Mayor’s Tax on Sheep; Quote of the Day “It’s Not a Piece of Art”

“It’s Not a Piece of Art” Mayor Rahm Emanuel, Chicago’s master shepherd, along with his pack of aldermatic sheep dogs, successfully rounded up, then slaughtered the very Chicago taxpayers they were supposed to watch over.

Chicago on Brink of Bond Market Shutoff: Tax-Exempt Yield Hits Stunning 8.50%

Verge of a Bond Market Shutoff. The Chicago Board of Education is on the verge of a bond market shutoff.

Mish’s Sure Fire Proposal to End Japanese Deflation: Negative Sales Taxes, 1% Monthly Tax

It’s rather amusing that Japan cannot destroy its currency even though it has tried, and tried and tried.

Chicago Population Shrinks Most of Any City in US

Illinoisans continue their exodus, with Chicago having the dubious distinction of the highest population loss in the nation.