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.
Funny how often I hear that we need a Federal flat tax to replace the mess that is the current income tax…but in Illinois that has a flat tax many want the mess that is the Federal system that is riddled with giveaways to special interests.
Oh well, that’s Illinois for ya.
All Illinois does is take take take. There is nothing that the Illinois citizens gets in return–Oh wait I forgot–we get a Gov who doesn’t care about Illinois because he keeps the state locked down and he goes on vacation. Illinoi’s two senators are only about the power grab that they can take too.
There is only so much you can get out of people before they leave–Illinois is having people leave in grand lots.
Of course Quentin Fulks thinks this way. Read his resume – available on Linkedin -he has never had a job outside of the political world. He has never earned a $ off the sweat of labor. Simply political efforts on behalf of causes.
What would have been ‘fair’ Mr Fulks would have been for Pritzker and Madigan to cut spending. The real issue Mr Fulks is in the private sector, NO ONE trusts Pritzker or Madigan. No one!
How do you plan to keep everyone here that works remote and does not need to be in IL for anything other than to pay taxes? I don’t need to be here. Why should I pay all of these ridiculous taxes when I can go to another state and keep more of my money with no repercussions to my career?
There is no fair way to fund the pension and retiree healthcare Ponzi schemes.
For decades, they’ve blamed our sky high property taxes on the flat income tax. So where’s our big property tax cut?
Taking other peoples money is not fair we need tax cuts and reforms not more tax hikes.
NO
For years, I’ve heard that a flat tax is the best, most simple option. Yet now, a graduated tax is being pushed.
Qui bono?
Government needs to get back to fundamentals, and staying out of the way of actual productive endeavors. All this is simply maintaining an income pipeline for their interests, not the peoples.
“When the people find that they can vote themselves money that will herald the end of the republic.” .. Benjamin Franklin
Your “qui bono” thing needs to be repeated over and over. It means for whose benefit? You nailed it.