Paying $100 a week just to go to work is insane

CopiousX

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I agree with you. But how do we close the missing commercial property tax revenue? Chicago homeowners are getting hammered because Chicago lost so much commercial property tax revenue. You can tax the rich, but they can also leave.
I Actually like Puerto Rico's model. It would work great for Chicago individually as a city and for Illinois as a whole state.

Paradoxically , the solution might be to attract new rich people to the city who will pay even less taxes into the city, than the older rich people you currently have. However this would create a new tax base.

I know it may sound confusing but hear me out here....:whoa:


Puerto Rico has a system where
they refuse to tax capital gains for any person who is a bona fide resident of Puerto Rico living there 183 days. This is meaningless for a normal person who barely gas any capital gains ,but for decimilionaires and hundred millionaires, this is significant part of their income.

To Counteract this, Puerto Rico mandates that the new crop of weakthy have to have a minimum tax of a $15,000 donation to a local charity, and they must purchase a home locally within 2 years of moving to the island, meaning that they join the property tax pool.



So while this may sound like a sweetheart deal to rich people, this is a completely new pool of rich people who otherwise would not be looking at Chicago and have now entered the tax base as consumers, donators and property tax players. The key is to restrict such a program to rich people who have never, ever lived in Illinois before so that the people who already live there can't magically claim this benefit and deplete the tax base. so their capital gains wouldn't be part of the Illinois income tax if a person lives in Chicago and claims their version of act 60. This didn't work for Puerto Rico because Puerto Rico is remote and sucks on an infrastructure basis. But Chicago is a world-class City with very good infrastructure. So it would be a natural draw for rich people in other cities if they could lower their tax liability.


The net benefit of implementing Puerto Rico's model in a place like Chicago , is
if just 10,000 decimilionaires move , there is $150million added to the city's nonprofits, and if they settle in a place like River North where the median apartment costs 400,000, it gives Chicago a property tax surplus of 90million, and stimulates the general economy with at least 100k of consumption spending, meaning a pool of 1 billion to local businesses.

And don't forget that these are decimillionaires and centimillionaires. Meaning that it's entirely likely that will move their actual businesses into the city if they're trapped in the city for 183 days a year for the tax benefit. So think of the commercial property taxes and sales taxes this generates that otherwise would never have been available for Chicago.
 
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Seoul Gleou

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She should be mad at her employer for forcing her into work, not the city for having an actual public transit system

There's ZERO reason to be full time office work after covid. NONE
 

Canada Goose

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Years ago on the local news on NYC they interviewed a LIRR commuter and he said most LIRR riders are living check to check.




The Monthly passes on all three commuter railroads from far out suburbs to Penn or Grand Central is :damn: Then you gotta own a car in addition to the train pass.
 

Thurgood Thurston III

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I feel sorry for people with garbage employers. This is why I said in a different thread last week that you need to be very strategic about the types of jobs you pursue.

At a certain point employers pay for that. I don't even use public transit because I'm car gang but your travel to work should be included as a benefit along with the 401k, the legal plan, the health insurance, etc. The government already makes transit tax deductible to employers in the same way tuition benefits below 5,250 are tax deductible.


I'm willing to go as far as saying that there are so many good employers in New York that people with bad employers like her suffer. Because all of our good jobs are paying for the cost of Transit, and then it becomes an inelastic expense. If barclays, JP morgan, Prudential, and Deloitte are paying for Transit and they don't give a damn how much they pay, then I totally see why the govt would just raise the price.


This is actually a big part of why the rich stay rich, and the poor have fewer chances out. For example, my employer actually pays for ramdom sht like my phone bill too. So I'm probably making more than the average person but I'm having to pay less of my money towards living expenses. :wow:



So the solution is just get a better job!!!

Who could've ever thought of that?

:ohhh:
 

cyndaquil

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In the bay area if live outside of it and you need to cross the bridges to go to work they'll charge you $8-10 every each trip. That could end up being $50 a week or more.
Folks take the ferry tho to save money but still
 

beenz

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I feel sorry for people with garbage employers. This is why I said in a different thread last week that you need to be very strategic about the types of jobs you pursue.

At a certain point employers pay for that. I don't even use public transit because I'm car gang but your travel to work should be included as a benefit along with the 401k, the legal plan, the health insurance, etc. The government already makes transit tax deductible to employers in the same way tuition benefits below 5,250 are tax deductible.


I'm willing to go as far as saying that there are so many good employers in New York that people with bad employers like her suffer. Because all of our good jobs are paying for the cost of Transit, and then it becomes an inelastic expense. If barclays, JP morgan, Prudential, and Deloitte are paying for Transit and they don't give a damn how much they pay, then I totally see why the govt would just raise the price.


This is actually a big part of why the rich stay rich, and the poor have fewer chances out. For example, my employer actually pays for ramdom sht like my phone bill too. So I'm probably making more than the average person but I'm having to pay less of my money towards living expenses. :wow:

I know a lot of employers, including mine will allow you to purchase monthly bus/train passes using pre tax money. I wonder if this woman has that option.

I remember I took a job that was on the opposite side of town cuz the pay was really good, and I only lasted a year because I was commuting 3 total hours each day, which was wack as hell.

if I worked in an office downtown, I'd walk two blocks to the train and it'd cost me $2.50 each way to commute to and from work, which isn't horrible honestly.
 
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Psychosis

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Shes commuting from the burbs to the city. Everyday. Thats all on her. She wants the cheap house and the big salary but not the commute .:russ:
 

Scustin Bieburr

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This shyt the reason why any politician proposing cheap public transportation with free bus routes/days is guaranteed to get some motion.

Cities are for PEOPLE not cars. The ride share CEOs, car companies, and car salesemen purposefully back politicians who don't give a fukk about actually easing congestion and making it easier for people to travel around the city by investing in public transportation.

If someone actually cares about winning an election to solve the problems the electorate has, public transportation is a no brainer. Anyone who wont invest in that is a non starter as far as im concerned. More public transportation means less traffic overall on the roads, less car accidents, and faster delivery of essential goods and services because the road isnt filled to the brim with personal vehicles.
 

USMaroon

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She does not have to pay for the LIRR, she lives in Queens (known by the fact that she buys a city ticket for $7.25) She's not in LI. She can just easily buy a MTA monthly pass for $132 - which is unlimited subway + bus. That's $3.xx/trip or $30.x/week commuting. The downside is your time. The bus + subway combo will add a solid hour each way to your commute. So she shld STFU and stops acting like this is her only option. You pay for convenience.
If I want to go to Bronx from Queens, its 20-30 mins, I pay the toll. It's an 1h30m if I choose to go the over the 59th st bridge, FDR to the Willis Ave bridge for those that know NYC.
 
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