{"id":1289673,"date":"2023-05-19T12:11:08","date_gmt":"2023-05-19T16:11:08","guid":{"rendered":"https:\/\/bugaluu.com\/news\/echoing-scarface-first-we-get-the-money-say-chicago-mayor-johnsons-allies-with-12-billion-financial-plan\/1289673\/"},"modified":"2023-05-19T12:11:08","modified_gmt":"2023-05-19T16:11:08","slug":"echoing-scarface-first-we-get-the-money-say-chicago-mayor-johnsons-allies-with-12-billion-financial-plan","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/echoing-scarface-first-we-get-the-money-say-chicago-mayor-johnsons-allies-with-12-billion-financial-plan\/1289673\/","title":{"rendered":"Echoing Scarface, “First We Get The Money” Say Chicago Mayor Johnson’s Allies With $12 Billion Financial Plan"},"content":{"rendered":"
\"\"<\/a><\/div>\n

Echoing Scarface, “First We Get The Money” Say Chicago Mayor Johnson’s Allies With $12 Billion Financial Plan<\/span><\/p>\n

\n

By Mark Glennon of Wirepoints<\/a><\/em><\/p>\n

Two Chicago interest groups that are major allies of Mayor Brandon Johnson published<\/a> Wednesday what they want Johnson to pursue for new taxes: a city income tax, a wealth tax, a \u201chead tax\u201d assessed per worker on employers, a digital ad tax, a jump in the tax on jet fuel used at Chicago\u2019s airports, a progressive increase on real estate transaction fees on sales over $1 million. The new taxes would total $6.8 billion according to the plan, and would be coupled with supposed savings of $5.1 billion that would be redirected to other spending, totaling nearly $12 billion<\/p>\n<\/p>\n

For a little perspective, the tax increase would more than double <\/em>Chicago\u2019s Corporate Fund, the main operating account in the city\u2019s budget.<\/p>\n

You gotta hand it to today\u2019s left when it comes to the path to power. The title on their proposal is \u201cFirst We Get the Money: $12 billion to fund a just Chicago,\u201d echoing the wisdom in a famous line in the movie Scarface<\/a><\/em>, \u201cFirst you get the money, then you get the power\u2026.\u201d<\/p>\n<\/p>\n

That formula has worked well for the Chicago Teachers Union and its close allies, the Action Center on Race & The Economy and the People\u2019s Unity Platform, which sponsored the new proposal. The CTU, Johnson\u2019s former employer, was his biggest campaign donor, using funds questionably squeezed from its members. Its mastery of money and power is unquestioned, also extracting oversized pensions and nearly $30,000 per student for its schools.<\/p>\n

The proposal is co-written by Saqib Bhatti, a member of Johnson\u2019s transition team and co-executive director of ACRE, one of the report sponsors. \u201cI think it\u2019s appropriate to hold [Johnson] accountable for the promises he\u2019s made,\u201d Bhatti told Crain\u2019s<\/a>. \u201cMayor Johnson ran on a platform that actually included some of these things.\u201d<\/p>\n

Johnson has indeed supported some of those tax increases, but he quickly distanced himself from the proposal on Wednesday, saying the tax increases he proposed during his campaign are far smaller \u2014 just $800 million \u2014 his spokesman told Crain\u2019s<\/a>. Johnson said he had no role in the proposal.<\/p>\n

Smells like a political ploy. \u201cLook at me, what a fiscal moderate I am,\u201d appears to be the setup for Johnson to claim. The Great Conciliator.<\/p>\n

The proposal includes supposed savings of over $5 billion from things like reducing the \u201cbloated police budget.\u201d Particularly ridiculous is a claim that over $2 billion could be saved by issuing interest-free loans that somehow could be sold to the Federal Reserved Bank \u201cfor 0% interest.\u201d The supposed savings would be re-spent on things like public housing, education and climate. The full proposal is here<\/a>.<\/p>\n

But wait, there\u2019s more in other news. \u00a0Angela Davis will join Johnson in a Sunday event about the future of Chicago along with \u201c<\/span>the baddest organizers in movement leaders,\u201d according to one promoter on Twitter<\/a>.\u00a0<\/span><\/p>\n

Davis was among the most notorious figures in America\u2019s last radical era forty or fifty years ago. She was twice the U.S. Communist Party\u2019s candidate for vice president and was warmly welcomed by the former Soviet Union (which awarded her its Lenin Peace Prize), the former East Germany and Cuba. A gun belonging to her was used in a famous attempt to spring prisoners in which four people were killed. She was prosecuted but acquitted for three capital felonies including conspiracy to murder.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 05\/19\/2023 – 14:05<\/span><\/p>\n

From:Zerohedge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Echoing Scarface, “First We Get The Money” Say Chicago Mayor Johnson’s Allies With $12 Billion Financial Plan By Mark Glennon of Wirepoints Two Chicago interest…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1289673","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1289673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1289673"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1289673\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1289673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1289673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1289673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}