Events

An injudicious tax offers a great temptation to smuggling. But the penalties of smuggling must rise in proportion to the temptation. The law, contrary to all the ordinary principles of justice, first creates the temptation, and then punishes those who yield to it…

— Adam Smith

Book V of Adam Smith’s classic is entitled “Of the Revenue of the Sovereign or Commonwealth,” includes the above as well as many thoughtful passages about what we nowadays call public finance.  Our Political Economy Book Club  will discuss this final part of Wealth of Nations on Wednesday, November 12.  You can download or read the book on line from several sources, borrow it from many public libraries, or purchase a copy inexpensively.

For further information or to let us know you’re coming, email PEBC coordinator Bob Matter or call 312 450 2906.

We sometimes describe Henry George’s fiscal proposal as a “smart tax,” unlike the inefficient anti-prosperity taxes that fund most government programs today.  Similarly, there can be “smart” transit facilities, which are distinguished from dumb ones because they are cost less and provide more service. Perhaps the most prominent recent smart transit proposal is the CTA Gray Line, whose creator, Mike Payne, will be our speaker tonight.

From the CTA Gray Line web page:

Launching the Gray Line would provide a brand new CTA Rapid Transit (‘L’) service (on EXISTING facilities) to Grant Park, the Museum Campus, the newly renovated Soldier Field, and McCormick Place (with a connected station under the McCormick Place South Bldg.)

Also service to Bronzeville, Hyde Park, the Museum of Science & Industry (with an ADA compliant station 1 1/2 blocks away), the University of Chicago, Woodlawn, South Shore, South Chicago, Chatham, Chicago State University, Pullman, Roseland, Blue Island, and Hegewisch; again almost all Gray Line facilities are in place, and operating RIGHT NOW TODAY.

. . .

There is  N O  need for costly and time consuming design and engineering, right-of-way acquistion, condemnation, demolition, clearing, materials acquisition, delivery, and major construction; the CTA Gray Line ‘L’ System could be up and providing CTA ‘L’ service to the Far South Side WITHIN  O N E  YEAR, rather than waiting until 2016 for completion of the Red Line Extension.

Come to this free presentation to meet and question a prominent transit activist, and think about what could be done with all the public money saved by smart projects like the CTA Gray Line.