Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
The Illinois Department of Employment Security has no way to verify the information in the application so of course it’s going to be delayed. Every non employed adult could just say they run an online widget shop and now they can’t sell widgets. Should we pay them without any proof as to the truth of their business? How much did they make? Did they claim this on their taxes last year? Are they making any money doing any side jobs while their gig work is not available? Bill Mylan said he has had no income since July but he has… Read more »
The gig economy is rife with tax fraud. Most of these people show zero income on their tax returns after accounting for expenses and losses. Zero income on your tax return means zero income from IDES.