This ARTICLE On Kentucky Lures Illinoisans To Move To Their State Due To Low Taxes Was PUBLISHED On October 24th, 2019
The economy is thriving nationally.
- The U.S. has the lowest unemployment numbers in 50 years
- The Dow Jones Industrial Average and other stock markets are at historical highs
- Home values are increasing in most parts of the country
- Home demand is stronger than ever
- There are more buyers than home inventory
- Homebuilders are thriving
- Most new homes sell out before the builder breaks ground
- Mortgage rates hit a three year low until recently
- Mortgage rates have been increasing in the past three weeks due to the hot economy
- However, certain states like Illinois are struggling financially
- The state hit a new low bottom
- The state is increasing taxes on existing taxes and creating new taxes
- The newly elected governor, J.B. Pritzker, seems the only solution he has to fix the state’s financial crisis is to raise taxes
- Pritzker does not seem like he is going to cut spending
- Pritzker is aggressively promoting in changing the current flat-tax to the progressive tax system
- Many Illinoisans are leaving the state due to the high states and financial insecurity
- Incompetent and corrupt politicians seem to plague Illinois
- Neighboring states Kentucky and Indiana are thriving
- Kentucky is attracting so many businesses and taxpayers due to their low taxes and low cost of living
- Kentucky Lures Illinoisans by explaining how Kentucky’s taxes and cost of living are substantially lower versus Illinois
In this article, we will cover and discuss how Kentucky Lures Illinois to move to their state due to low taxes.
Kentucky Lures Illinoisans With Billboards
One of the ways Kentucky Lures Illinoisans is by putting up billboards along Interstate I-57.
- Many traveling busy I-57 notice the large billboard luring Illinois businesses and taxpayers to the state of Kentucky
- A recent poll conducted reveals the majority of Illinois businesses and taxpayers are fed up with the rising and new taxes in Illinois
- Countless Illinoisans are fleeing to other low-taxed states
- This holds especially true for businesses
- Increasing taxes, new taxes, high property taxes, and corruption are the three main reasons why Illinoisans are fleeing the state to other lower-taxed states
Kentucky, also known as the Bluegrass State, created and launched a six-month campaign luring Illinois businesses and taxpayers to cross the Illinois border to their state with the promise of lower taxes, low cost of living, and great weather.
Billboard Marketing Campaign
Indiana and Kentucky are attracting many Illinois businesses due to their low tax rates.
- Countless Illinois businesses are relocating to Indiana and Kentucky from Illinois
- Illinois has the second-highest property tax rate in the nation
- With the newly elected governor, J.B. Pritzker, the state is in worst financial shape than ever before
- The state has a $241 billion pension debt
- Communities are raising property taxes just to meet the pension debt of public workers
- J.B. Pritzker recently has double the state’s gas tax
- Raising taxes is a common strategy among politicians to fix budget deficits
- However, in order for increasing taxes to work is to also cut spending
- Pritzker has recently approved pay raises to state lawmakers
- This infuriated taxpayers and many are calling for Pritzker’s Recall due to his incompetence
- Kentucky Lures Illinoisans by putting billboards that state, ILLINOIS ISN’T PRO-BUSINESS. KENTUCKY IS
- The first billboard went up this week on I-57 near 147th Street
- There are 8 additional billboards to be up before October 28th on I-57 southbound heading to the Kentucky state border
- The cost of this marketing project by Kentucky is expected to be around $87,000
The Kentucky Cabinet For Economic Development is in charge of this marketing project.
Reason Why Illinois Is Broke Versus Other Profitable States
Data proves that most states under Republican control are profitable and Democratic-controlled states are the states with financial issues.
- Gustan Cho Associates Mortgage News is apolitical and does not side with political parties
- Our goal is to report data and facts to our viewers
- Common sense state that you need to run government like a business
- It is not what you make but rather what you spend?
- Many multi-millionaire retired professional athletes become broke and file bankruptcy because they did not manage their money when they were wealthy
- This is why Illinois is broke and Kentucky is raking in billions in revenues and attracting new businesses and taxpayers
- Poor incompetent leadership and corruption is often the demise of government
Kentucky Governor Matt Bevin is a former businessman who is running his state like a business. J.B. Pritzker is a billionaire who has a famous family name (The Pritzker Family owns Hyatt Hotel) but does not seem like he is a good businessman.
Kentucky Lures Illinoisans With Creative Marketing Strategies
Kentucky Lures Illinoisans With Aggressive Creative Campaign Billboards
Kentucky is not messing around. They are aggressively creating signs attacking Illinois. One of their signs criticizes Illinois regulations as being “INSANE.” Another sign emphasis Illinois as being ILL, using the first three letters of Illinois. Whatever Kentucky is doing seems to be gaining the attention of Illinois businesses and taxpayers.
Impact Of High Illinois Taxes On The Economy
The state’s financial deficit is putting a toll on businesses and taxpayers. Illinois has the second-highest property tax rate in the nation right behind New Jersey. Experts are convinced that Illinois will surpass New Jersey as the highest property taxed state by late 2020. Established businesses and taxpayers are fleeing the state to Indiana, Kentucky, Tennessee in droves. The state keeps on increasing and creating new taxes while it is not cutting spending. Taxes are increasing, the deficit is increasing, and the debts keep on getting higher and higher as time passes. This is an example of what a Ponzi scheme is. The Illinois State Police cannot hire any new troopers and/or support staff because the money allocated to the State Police is being used to pay its pension debts to retired troopers. The Illinois State Police has a 30% reduction of its force. This holds true to other state agencies where the new funds go to pay outstanding interest on debts owed. The state is on the verge of bankruptcy.
October 24, 2019 - 5 min read