Last year the remnant of the Chicago Tribune requested ideas for elements of a new “Plan of Chicago.” They even posted a few of the responses on their site. I suppose some were included in the hardcopy newspaper too. But those don’t seem to have included my submission, so I probably ought to post it here.
My proposal, of course, relates to how public revenue is raised. The protesters pictured on the right probably wouldn’t realize that it relates to their concerns, and would almost certainly cause Apple to make a greater contribution to local coffers than they do now. But it wouldn’t increase any corporate tax rate nor prevent Apple from playing accounting games. It doesn’t need to.
Here’s the proposal as submitted on October 24 2013: (more…)