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November 17, 2018 | Illinois Thinking About Imposing a Stiff Exit Tax to Leave?
Martin Armstrong
The politicians in Illinois after destroying the state economically, want to now impose an EXIT tax for anyone who dares to think about leaving the state. This is the problem we face. They will never look at the long-term impact of their decisions. Such a tax may make others decide NOT to move to the state and then watch property values really crash.
All they think about is just to survive to the next election. There are those in the ranks who want to impose taxes on every trade in Chicago. Talk about no taxation without representation. So anyone trading on a Chicago exchange from around the world has to be taxed by Illinois without a right to vote?
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Martin Armstrong November 17th, 2018
Posted In: Armstrong Economics
If property values crash life will become possible except for the genocidal financial sodomites who think they will get rich speculating in real estate. To hell with them!
One thing I judge a country by is how many people want to leave vs. how many want to move to the country. I guess the same could be said of states or provinces. If you penalize people for moving in or out of the state, country, or province then to me that is an admission of defeat or desparation. Who wants to move to such a place?