Part of the reason I crawled out from underneath my very peaceful and quiet rock in Florida was to fly out to Illinois and renovate my "parents'" house. I put parents in quotation marks because the reality is while that they fostered me growing up, they were never actually considered my legal guardians. Anyway, a few years ago they retired and wanted to move out to IL to be closer to their biological son and his family. So I bought them a house in town so they could be closer to their grandbabies and sell their place in Virginia at their leisure without the stress of trying to manage a mortgage while attempting to sell a home that was already paid off...
Since that time, my "mother" has become nearly completely confined to a wheelchair for health reasons, and because of that, the house needed interior upgrades to make things more accessible for her.
Why is that preface important? Corruption. According to Illinoispolicy.org, as of 2023, Illinois taxpayers owe an average of $38k each in tax debt, higher than California, due to government mismanagement of resources and endless social welfare programs... Now here's where it gets really fun. The reason we have to use 2023 data? Illinois has yet to publish an accounting of its spending since...
The kicker to all of this is that now it seems that Illinois wants to tax the unrealized gains of the investment holdings of, at the moment, billionaires only. This is problematic for multiple reasons. First, it completely violates the Illinois State Constitution. Second, how does one tax an unrealized sum in the first place? And third, according to worldpopulationreview.com, there's only 17 billionaires living in Illinois as of 2025...
17 billionaires... If we extrapolate the most basic maths based on $17BN... The proposed 4.95% increase on "theoretical" monies... That would create an additional $841.5M.... Which if we're paying attention.... is only a couple of million shy of the revised cost of the Obama Library.
Just sayin'.....
https://www.illinoispolicy.org/illinois-...aid-bills/
https://www.illinoispolicy.org/an-illino...-disaster/
https://worldpopulationreview.com/state-...s-by-state
https://www.foxbusiness.com/politics/wha...l-estimate
Since that time, my "mother" has become nearly completely confined to a wheelchair for health reasons, and because of that, the house needed interior upgrades to make things more accessible for her.
Why is that preface important? Corruption. According to Illinoispolicy.org, as of 2023, Illinois taxpayers owe an average of $38k each in tax debt, higher than California, due to government mismanagement of resources and endless social welfare programs... Now here's where it gets really fun. The reason we have to use 2023 data? Illinois has yet to publish an accounting of its spending since...
The kicker to all of this is that now it seems that Illinois wants to tax the unrealized gains of the investment holdings of, at the moment, billionaires only. This is problematic for multiple reasons. First, it completely violates the Illinois State Constitution. Second, how does one tax an unrealized sum in the first place? And third, according to worldpopulationreview.com, there's only 17 billionaires living in Illinois as of 2025...
17 billionaires... If we extrapolate the most basic maths based on $17BN... The proposed 4.95% increase on "theoretical" monies... That would create an additional $841.5M.... Which if we're paying attention.... is only a couple of million shy of the revised cost of the Obama Library.
Just sayin'.....
https://www.illinoispolicy.org/illinois-...aid-bills/
https://www.illinoispolicy.org/an-illino...-disaster/
https://worldpopulationreview.com/state-...s-by-state
https://www.foxbusiness.com/politics/wha...l-estimate