Originally posted by Rufus T. Firefly
Not really. Take the average income of a Chicagoan. Now, subtract from that income by the amount of money that a Chicagoan gives to the Feds and the state of Illinois in taxes (at least 30%, I'd guess). There's suddenly a lot less money in Chicago. Then factor in the fact that city officials are much easier to throw out of office than state or federal officials, even in Chicago, so there's a natural political limit to how much tax revenue cities can collect; so even if there is more money in Chicago, the government of Chicago has less real ability to extract it for its own use.
Not really. Take the average income of a Chicagoan. Now, subtract from that income by the amount of money that a Chicagoan gives to the Feds and the state of Illinois in taxes (at least 30%, I'd guess). There's suddenly a lot less money in Chicago. Then factor in the fact that city officials are much easier to throw out of office than state or federal officials, even in Chicago, so there's a natural political limit to how much tax revenue cities can collect; so even if there is more money in Chicago, the government of Chicago has less real ability to extract it for its own use.
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