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The lawsuit challenged Chicago’s city ordinance imposing a 9% “amusement tax” on subscription streaming entertainment products, such as those offered by Netflix, Hulu and Apple, among others. According to an analysis completed by Bloomberg, the city collects as much as $30 million per year from the streaming services amusement tax.
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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F Chicago. What a dump. Why anyone believes Lib/Prog/Dems are the answer to any problem is beyond me. They are infants in adult bodies.
And need to be changed on a regular basis.
Change the address on your phone bill to a location outside Chicago. Simple fix.
Actually change your address and save on other things also!
It may pay you to rent a PO Box in Naperville.