“This déjà vu current effort by the usual suspects to subvert CLT's tax cap law is not their first attempt and they failed the first time around in 1987 when attempting to thwart the voters’ 1986 decision,” Chip Ford told the Herald.
The success of this fifth version of the state’s Fair Share Amendment can be partially attributed to the dogged efforts of committed and very patient tax reform advocates like Chuck Collins.
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GUILFORD â In 1986, when he was 26, Chuck Collins did something some might consider brash when he decided he did not want his share of the family fortune, amassed starting in 1883 in Chicago by his great grandfather, Oscar Meyer.
But Collins â who recently penned a book criticizing wealth inequity â had been tossing the idea around for several years before that. He even had the audacity to broach the subject at a wealth management forum in 1983, during which he was told he was âa naïve, foolish and selfish manâ to even consider depriving his heirs of the inherited wealth he had himself inherited.