This article was published by The McAlvany Intelligence Advisor on Monday, July 11, 2016:
Chicago just experienced a great irony. Its bill for past extravagances run up by its corrupt politicians arrived over the July 4th weekend. It was of course then that Americans were celebrating Independence from British politicians seeking to impose taxes without representation.
With representation, Chicago taxpayers have allowed themselves to be saddled with taxes far exceeding those that triggered the American Revolution. The trouble is that the realization just hit home over that weekend.
The second half of 2016 property taxes was due on July 1st, and on Tuesday unhappy taxpayers were lined up outside the tax assessor’s door to complain. It was a little late. About two decades late.