-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Look at every bill you pay and you’ll see the tax man from Illinois in there somewhere. The whole state is a ponzi scheme at this point. They will nickel and dime you to death with fees, service charges and taxes and then eventually they’ll drop a big fat income tax on you. Start planning your departure now. You can do it if you plan for it.
These taxes are regressive. Makes sense because the politicians hope people don’t notice a death by a thousand cuts sales ad excise tax regime. For all of the narrative about taxing the rich, the revenue to be collected belongs to the masses.
The line at our local pot shop here in Rockford was extremely long yesterday and people were closer than 6 feet trying to get their Christmas buzz. Totally disrupts other businesses around them trying to make somewhat of a living.
I wonder how many of these people (mostly young) have a hard time paying rent or are even working and waiting for the next stimulus check?
Probably every signal damn one of them, that’s what are Governor and government wants total control.
If Illinois didn’t charge ten times the going rate, they could afford rent and buy pot. Or how about allowing people to cultivate their own cannabis and then they didn’t spend a buck on pot. Good grief mind your own business
It IS my business when I can’t get close to the stores that I shop (used to shop) adjacent and nearby due to the traffic and long lines. All the neighboring shops have checkpoints and guards so people don’t park in their lots. Not worth the hassle anymore. I have nothing against pot but city officials should have a better system of controlling traffic but tax revenue takes priority. Merry Christmas!
Then government shouldn’t have a monopoly on cannabis