Members of the TIFa know that:
1. We are not broke. The U.S. is the wealthiest nation in history. If we cannot provide infrastructure and services, it is a failure of our policy and leaders. Furthermore, our spending priorities are way out of whack. We give too much to wealthy corporations who don't need it and spend recklessly on military and police with 25% of the world's prison population and a military budget almost the size of the rest of the world's budgets combined.
2. Alternative revenue sources could turn our deficit into a surplus. Closing tax loopholes for billionaires and mega-corporations would recover billions back into the economy. 75% of the largest corporations in IL pay no or negative taxes. A financial transaction tax against targeting speculation could do the same. Wealth should be taxed as much if not more than income. Today, over $30 trillion sits in hundreds of dummy corporations in the Cayman Islands.
3. The people should democratically control the public commons, including their taxes. No taxation without representation. The citizens should participate in the whole city budget. There should be no more blank checks for the mayor.
2. Alternative revenue sources could turn our deficit into a surplus. Closing tax loopholes for billionaires and mega-corporations would recover billions back into the economy. 75% of the largest corporations in IL pay no or negative taxes. A financial transaction tax against targeting speculation could do the same. Wealth should be taxed as much if not more than income. Today, over $30 trillion sits in hundreds of dummy corporations in the Cayman Islands.
3. The people should democratically control the public commons, including their taxes. No taxation without representation. The citizens should participate in the whole city budget. There should be no more blank checks for the mayor.