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Chicago’s Latest Cash Grab: Millionaire Tax on Horizon!

The Chicago City Council is at it again, scratching their heads, trying to figure out how to pay off the city’s massive debt. And what’s their latest bright idea? You guessed it – more taxes! But not just any taxes, folks. City Alderman William Hall, head of the subcommittee, has his sights set on sticking it to the rich folks. That’s right, he wants to slap a city income tax on anyone making over $100,000 in the windy city.

Now, Hall didn’t come right out and say it, but it’s pretty clear he’s got a bone to pick with the wealthy. He’s all fired up, ranting about how hard-working moms making a fraction of those fat cats’ salaries are getting the short end of the stick. And he’s not stopping there. Oh no, he’s got grand plans to tax stock holdings and personal liquid assets of those well-to-do Chicagoans.

 

As if that wasn’t enough, Hall’s tossing out all sorts of wild ideas, like using vacant retail space for advertising. But he’s quick to point out, none of that cheesy stuff. And get this – he’s eyeing United Airlines’ new helicopter rides and thinking, “Hey, we could make some cash off of that!”

But folks, don’t worry. Hall promises they won’t go slapping advertisements on the Sears Tower or ruining the city’s architectural marvels. No, no. Instead, he’s talking about being “innovative.” Whatever that means.

So, get ready, Chicago. The taxman cometh, and he’s got some wacky ideas to boot. But don’t hold your breath. It’s gonna be a whole month before this subcommittee spits out their brilliant report to the city. Who knows what they’ll come up with next!

Written by Staff Reports

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