Tuesday, October 13, 2020

Two billionaire takes on wise use of vast wealth

Illinois' richest resident Ken Griffin has donated $46.75 million to prevent Illinois' flat tax from being converted under the Illinois Constitution to a progressive tax. He likes the current flat tax just fine. Even tho 34 states, Washington D.C. and the federal government have a fairer progressive income tax, Griffing and his billionaire buddies want Joe Sixpack to continue to pay the same rate as them. One Illinois billionaire not a buddy of Billionaire Ken is billionaire Governor J.B. He not only proposed the progressive Fair Tax, he's donated $56.5 million to promote its passage by voters November 3. Unlike Ken Griffin, Gov. Pritzker is a billionaire who uses his wealth to promote the public good instead of simply increasing his and his friends' personal bank accounts.

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