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Suburban CEO: Madigan's Millionaire Tax a 'Death Knell'

Deft political move by Madigan or a salvo in class warfare?

House Speaker Michael Madigan's proposed millionaire tax made its way around the news cycle over the weekend, including here on Patch. Reboot Illinois' Matt Dietrich and Madeleine Doubek analyzed the move by Madigan in their "Only in Illinois" weekly video.

CHECK OUT THE VIDEO HERE

We also had a suburban CEO write an op-ed piece sharing his thoughts on the proposal by Madigan. Mike Regan, the founder of Tranzact Technologies, is not a fan of the idea.

READ REGAN'S TAKE HERE

Perhaps the most pressing question in all of this is if this proposal eventually becomes law, would we have to update our "12 ways to know your from Illinois" list to include a line about the millionaire's tax? I kid of course, but you should still check out the list.

YOU CAN FIND THE LIST HERE

This article appears on all Patch Chicago sites. The views expressed in this post are those of Reboot Illinois and do not necessarily reflect those of Patch or its editors.

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rss March 31, 2014 at 06:17 PM
Pedro - Thed decline in 2009 was no doubt attributable to the global economic crisis. Though there has been a rebound, the gains fall well short of that prior to the recession. But I hear you.
rss March 31, 2014 at 06:19 PM
Vicky - Agreed.
Grumpy Old Man March 31, 2014 at 06:29 PM
To the extent that rationing is the result of the inability of certain groups to afford insurance, or insurance at the level that it will provide them with the care they desire Gary's point is spot on. The rationing is based on the rising cost of medical care and the ability of the insurance industry to contain costs without decreasing the quality of care available to its insureds. That generally means the variety of plans at differing costs, with the greater the coverage provided, the more the cost of the premium. The government currently provides health care to those persons who do not have health care insurance. That health care may not be the same level or quality that a person with a cadillac plan obtains, but health care, including care for life threatening injuries or diseases is provided. The single payer system which some want skewers this result, results in less care available and will result in the most rationed health care program around - it limits choice. There is an argument that if employer provided health insurance had never been introduced the costs of health care would be markedly less than it is. That is probably true. I don't know that the genie can go back in the bottle, that physicians will make house calls, but all of these benefits we appear to get either from the government or our jobs have consequences, some of which are not beneficial. A young person, in good health, is probably better off getting a health care plan which pays only for catastrophic coverage leaving him to pay for ordinary doctor and ER visits. The issue is cost containment without reduction in quality or care. Government decisions concerning medicaid and medicare have resulted in numerous doctors not accepting medicaid patients. Medicare may soon, if not already, may see this happening. That is what happens when the government interferes. You end up harming more than you help, and those you seek or claim to help generally come out worse. The next time Pedro you start on your pathetic little rants about others growing up and thinking about others, you might first take a good look in the mirror.
Vicky Kujawa March 31, 2014 at 07:23 PM
@Pedro: things 'cost more here' because of our corrupt government; they sure shouldn't. There is nothing particularly special about this state!
Max Smart March 31, 2014 at 07:42 PM
pedro is obviously a neophyte idealist i.e. inexperienced. It's Ok. Reality will smack you down soon enough. Wait until it's YOUR turn to pay for all of the "Free" stuff.

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