Thursday, January 03, 2013

Greedy Retired Illinois Teachers Look to Tax Futures Transactions

The Daily Herald reports on how retired teachers in Illinois want a new tax :
The state lawmakers also expressed interest in a plan to create a $1 financial transactions tax. This would, for example, charge $1 for every futures contract purchase and $1 for every sale. Such transactions typically involve thousands of dollars of value being exchanged.
Attention public pension millionaires and state legislators: what makes you think the Chicago Mercantile Exchange has to conduct business in Illinois??