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CHICAGO — If the city of Chicago were a house, the State would have condemned it as blighted property long ago, bulldozing its rotten wood and crumbling concrete structure into a pile fit for a funeral pyre. Chicago hasn’t been condemned yet, despite the city’s abundance of bureaucrats, infamous history of government corruption and violence wrought upon its residents, and its atrocious financial standing. Chicago remains a dilapidated house, but one that’s on the verge of burning down in a self-inflicted economic arson fire.
With that in mind, the city will begin to close out the summer this weekend with the 58th Annual Chicago Air and Water Show on Saturday August 20th and Sunday August 21st along North Avenue Beach. Similar to the bread and circuses of empires past, Chicago annually distracts taxpayers with big, shiny objects to take their minds off of the political and economic failures of their government. This year’s event is no different, as festivities are draped in the flag and promoted heavily with food, drinks, and fun for the entire family. Among other participants and aircraft featured in the event, the centerpiece of the show this year is the rollout of the notorious F-35 Lightning II Joint Strike Fighter.
Corporate sponsors Shell and Boeing, as well as media outlets like WBBM Newsradio, ABC 7 television, and The Chicago Tribune, help underwrite the cost of the show, making it free for the public’s enjoyment. But don’t thank these sponsors for the free entertainment just yet, because nothing is free. When the F-35 is involved, rest assured that taxpayers are picking up the tab, one way or another.
Just a few weeks ago, Antiwar.com published my synopsis of the F-35 program – I’m Paying Taxes, But What Am I Buying? – which detailed the $400 billion jet’s beleaguered history of cost overruns, operational fiascoes, and the opportunity costs of maintaining a weapons system that’s projected to incinerate trillions of dollars from US taxpayers throughout the estimated duration of its production and deployment lifecycle.
The Straus Military Reform Project, part of the Project on Government Oversight’s Center for Defense Information, offers another detailed rundown of the most expensive weapons system in history. Readers are encouraged to become well-acquainted with the Department of Defense’s worst boondoggle, as the F-35 is a prime example of how the government misspends tax dollars at an alarming rate and with little to no accountability.
Unless a coalition of activists, taxpayers, and average folks from across the political spectrum demand accountability for this detrimental misallocation of resources, we will be no better off than those poor souls in George Orwell’s Nineteen Eighty-Four. As Orwell wrote, “War is a way of shattering to pieces, or pouring into the stratosphere, or sinking in the depths of the sea…” resources that were confiscated from taxpayers and funneled into lavish government programs, like those fabled Floating Fortresses in his seminal novel.
Chicago’s Air and Water Show comes just a little more than a week after it was announced that the Pentagon granted Lockheed Martin, the F-35’s manufacturer, an additional $1 billion of our taxes to make up for expenses associated with low-rate initial production costs incurred by the company. The joint program office obligated the funding by way of a pre-existing undefinitized contract action (UCA), but that’s not the end of the largesse. “The agreement has a not-to-exceed value of $5.37 billion, meaning that the government could use it to inject even more cash at a later date,” reported Defense News.
Previous to this newest round of corporate welfare handouts, Lockheed Martin CFO Bruce Tanner had said of the F-35’s production issues and cost overruns, “We will not be able to continue and have that level of cash outflow as a corporation. We simply don’t have that capacity. The Pentagon clearly knows that situation, and I’m optimistic that we are going to get cash soon.” Tanner’s optimism was logical. Of course the Pentagon would pay up.
Journalist John T. Flynn dispelled the myth of the supposedly positive aspects of military Keynesianism decades ago in his book, As We Go Marching, warning of “an economy supported by great streams of debt and an economy under complete control, with nearly all the planning agencies functioning with almost totalitarian power under a vast bureaucracy.”
Flynn’s thorough indictment of the New Deal-era warfare state and America’s lunge toward economic collectivism is as relevant today as it was then. Flynn emphasized that politicians, laborers, and businesses would sadly embrace imperialism and eventual economic ruin because of the perverse incentives of the warfare economy.
“Thus militarism is the one great glamorous public-works project upon which a variety of elements in the community can be brought into agreement,” Flynn wrote mournfully more than seventy years ago.
The 58th Annual Chicago Air and Water Show isn’t actually free. And if unable to stop boondoggles like the F-35, then neither are we.
West Dundee Trustees Consider Plan to Make Village the Tax Capital of the United States
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WEST DUNDEE — Officials in West Dundee, Illinois have proposed a plan which could make their downtown area the tax capital of the United States. Earlier this year, the village board approved a measure designating a portion of downtown West Dundee a Special Services Area (SSA). This allows village officials to impose additional taxes in that area. After raising the sales tax by one percent earlier this year, the village is now proposing to increase property taxes in the SSA by more than 14 percent. The revenue generated by the additional tax would be used to fund debt service obligations related to a $2,000,000 bond issued by the village last year. If approved, property owners in the downtown West Dundee SSA will pay among the highest property taxes in the United States.
According to many impacted property owners, the village’s economic rationale for the tax increase is not credible. For homeowners and small businesses in the SSA, the new taxes could bring extreme economic hardship. Furthermore, they say the geographic boundaries of the SSA appear arbitrary.
Bonnie Yates lives in a charming, historic home on Main Street. The home is located on the property where famed detective Allan Pinkerton once had his home and cooperage—and there are rumors that Pinkerton’s home was a stop on Harriet Tubman’s Underground Railroad.
Bonnie Yates, 77, on the porch of her historic home in West Dundee, Illinois. The town is proposing a new taxing zone that will increase Yates’ property taxes by more than $1,100 per year. The building across the street from her is a law firm. They are not included in the SSA, which will save them an estimated $1,450 per year.
When Yates, 77, bought the property in 1989, the home was in serious disrepair. She spent thousands of dollars restoring the structure, and many thousands more maintaining it over the years.
In January 2016, village officials notified Yates that her home was included in the SSA, and that her taxes would increase. Yates was surprised, however, to find that the law firm just across the street from her was not located in the SSA. This means they are not subject to the new tax increase, which would amount to $1,450 per year for their law firm’s office. Also not included in the taxing zone were multiple businesses located along five additional blocks of Main Street.
When Yates contacted the village to learn more, she was told by a village official that her tax increase would amount to “only a few hundred dollars a year.”
However, Yates received a letter the following week, stating that the village had miscalculated the tax amount. The actual tax increase would be approximately ten times higher than what had been presented at the village board meeting just two months earlier. According to this letter, Yates’ property taxes would jump by more than $1,100 per year.
At 77 years old, Yates still works full-time as a marriage and family counselor. She says she would like to retire, but can’t afford to—especially if her property taxes will increase so substantially.
[trx_quote title=”Bonnie Yates”]I want to do my part to help the village, but it’s getting to be a burden at my age. I want to be able to retire without losing my home.”[/trx_quote]
The West Dundee Village Board will be holding a hearing and vote during its regular board meeting on Monday, August 22, regarding the proposed property tax increase in the downtown business district. The meeting begins at 7:30pm upstairs at the Village Hall, 102 S. 2nd St. (1/2 block south of Rt. 72).
