Connect with us

Politics

Illinois Has A Serious Tax & Debt Problem – Here’s Why

Published

on

(Via Zerohedge)

Illinois has been losing population for four years. The state’s out-migration crisis is so bad that Illinois has dropped from the fifth-largest to the sixth-largest state, falling behind Pennsylvania. Since 2010, the Land of Lincoln lost a whopping 640,000 people on net to out-migration. The state is shrinking so rapidly that it’s at risk of losing a House seat.


Illinois’s people problem is nothing to shrug off, because it indicates the state economy is on pace to continue its decline. And if nothing changes, people will just keep leaving.


So what’s wrong with Illinois?


Terrible economic policies.


Illinois ranks near the bottom in terms of economic freedom compared with the rest of the country, according to the Fraser Institute’s recent Economic Freedom of North America, or EFNA, report, released in partnership with the Illinois Policy Institute. This report ranks states based on an index of 10 variables related to government spending, taxes and labor market freedom. Only 12 states were ranked lower. Unsurprisingly, blue states California and New York ranked at the bottom of the economic freedom list.


Pennsylvania, which just overtook Illinois as the fifth-largest state in the U.S., ranks 18th on the index of economic freedom, compared with Illinois’ 35th place ranking.


While Illinois continues to shrink, states that rank near the top of the Fraser Institute’s economic freedom rankings are growing. Since the last recession ended in 2009, population in the 10 most-free states has grown 2.5 times faster than it has in the 10 least-free states. Employment and income have also grown faster in the freer states.


So why are economically free states growing while states such as Illinois are losing residents? One reason is that high levels of taxes, spending and regulation make it harder for entrepreneurs to succeed. When businesses can’t expand and hire new workers, it hurts everyone. Illinois’ lack of opportunity pushed nearly 100,000 people to drop out of the workforce in 2017 alone.


States that have seen the fastest economic growth, such as Texas and Florida, tend to have a common focus in their economic policies: low taxes (including low or no income taxes), a fiscally responsible approach to spending and a common-sense approach to regulation that makes it easier for entrepreneurs to be successful.

Read The Rest Here

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Culture

Trump Is Poised To Take 2024 By Storm

Published

on

Biden has unsuccessfully been able to reform any issues left by the Trump administration and quite frankly has only made it worse. Inflation and the economy is hurting everyone, especially lower income voters who ironically voted for Biden. This has set off a windstorm for Biden as his approval rating goes further down the drain. With little hopes of any major policy wins before the 2022 election, Biden’s Administration, which championed “getting things done”, has stopped before it really even got off the ground.

With 2022 around the corner we will see a slue of Republican Presidential challengers, with Trump of course, being at the center of the pack. Rumors have it that Ron DeSantis, Chris Christie, and the like of Mitt Romney will all join the nomination, however this is only rumor and speculation. Trump however, will become the nominee. It would be hard for anyone to top someone who has already been President, even a firebrand like DeSantis, who has garnered  national support for a Presidential run.

Biden has failed so miserably that when a another Democrat attempts to challenge Trump’s economy compared what we are in now, it will be completely inexcusable. Not to mention the major social engineering the majority of parents and Americans are rejecting in terms of the LGBTQ Mafia Agenda & BLM. Biden, if anything, has completely destroyed the Democratic party’s chance of being a favorite with middle and upper-income voters, setting a disasters for the Democrats in 2024.

Continue Reading

Politics

Lauren Witzke: Among Several Children on Hunter Biden Laptop, Including Chris Coon’s Daughter

Published

on

Well, folks. The dam is finally breaking on what is exactly going on with the Hunter Biden laptop scandal that the corporate media has refused to cover, simultaneously big tech is clamping down attempts to use their platform to share the story. And now we know why, because it involves underage children.

This weekend, Senatorial Candidate in Delaware and America First Patriot, Lauren Witzke, has exposed the most damning allegation yet. With an official police source confirming that Chris Coon’s Daughter is one of several children on the Hunter Biden laptop.

There are other allegations going around possible connections to foreign children being on the Hunter Biden laptop as well as several children of other politicians including one of Barack Obama’s daughter.

This only further proves Joe Biden and his entire family, and Chris Coons, are completely compromised by foreign entities and domestic deep state actors within our Government. They hold no allegiance to anything but what their masters tell them to do, because at the end of the day they are at the whims of others leaking this information and publicly destroying them and their career.

We can only imagine more damning allegations are coming to break now that we have a first look at just how explosive the “Laptop From Hell”, as President Donald Trump puts it, really is.

Continue Reading

Politics

Trump Judges & The Purge

Published

on

I’d rather be judged by 12 than carried by six.

That great lyric from Ice Cube has more bite and meaning in the run up to the 2020 election. Now we have the investigation of the investigators. The Mueller investigation and everything it has encompassed is now being scrutinized. We are finally looking at indictments and guilty pleas from the corrupt cabal that tried to bring down, frame, jail and impeach a duly elected, INNOCENT president and anyone in his sphere. Getting to the point of investigating the investigators has been a long hard slog.

We did not foresee how really deep and treacherous the swamp really was. You could investigate, indict and try someone like a Hillary Clinton for example, and someone of authority in that chain is a corrupt actor from the Deep State and you will then see the guilty party skate free. Or you can have a completely innocent Mike Flynn, Roger Stone, George Papodopoulos railroaded by a corrupt judge. The Michael Flynn case is the most glaring. The DOJ has dropped the case and charges against him and in an unprecedented move the judge does not drop the case, he extends it as if he is the prosecutor.

So there is a light at the end of the tunnel my friends. Donald Trump has been appointing a record number of federal judges. This is a brilliant move and somewhat frustrating and time consuming. But there is a method to the madness. Why investigate, indict and try just for a Deep State judge to let the guilty party walk free? Donald Trump has appointed over 300 judges and counting. More will be appointed to the bench and now there is a more likely chance when the guilty parties are tried, there will be justice. So there is a silver lining in this swamp covered cloud.

News@11

By Michael Ameer

Continue Reading

Trending

Donate to Populist Wire

*Note: Every donation is greatly appreciated, regardless of the amount.