Thursday, December 20, 2012

iWant your money

American Interest has the latest plans by Illinois unions to keep their retirement benefits - taxing downloads.
Most of these proposals are standard union boilerplate, but the taxes on cable TV and digital downloads stand out as particularly regressive. Normally, labor fights sales taxes because they are regressive; because poor people spend a higher percentage of their income on consumption goods (the rich save and invest), the poor end up paying a higher percentage of their income on sales taxes than the rich do.
But when it comes to union benefits, it’s clear that public union leaders only care about the money and will happily squeeze the poor as hard as they can.
They want to fill their coffers when you fill your iPod.

No comments: