Incentives matter. That’s Economics 101, a course which many — most — politicians would do well to take. Alas, most politicians are economic illiterates, even some who supposedly have degrees in Economics from places like, oh, Boston University, just to name one completely at random.
Illinois liberals could also use some education in economics — and incentives. They are proposing a “millionaire’s tax” and floating a non-binding ballot initiative to push the idea. While the ballot measure can’t implement any such tax, if this is approved, the Democrat-dominated legislature will no doubt see it as a license to proceed.
One Illinois Republican, State Representative Martin McLaughlin, is standing on the tracks, one hand raised, shouting “STOP!”
With some Illinois homeowners facing continued property tax hikes, a plan that has the public support of former Gov. Pat Quinn is being…
