Paul Vallas: Chicago’s Restaurants Are Drowning — And So Is Our City – Chicago Contrarian

"In sum, restaurants hand over $1 billion in sales related taxes annually, based on $10 billion in sales citywide. In many instances, government takes more than owners themselves. How long will that revenue flow if the businesses generating it drown?"
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Leaving Soon, just not soon enough
6 months ago

Should have been a cop, firemen, or teacher if you wanted to make money. Working 100 or more per week is not for people who want live easy or make money. Most Private sector businesses work for the public sector, not themselves.

PPF
6 months ago

Haha. You think people became cops, firefighters or teachers for the money? Sure it’s a good job that can eventually pay a decent wage but if you are jealous of their pay then you are failing at your own chosen profession. Time to look in the mirror. Most people I work with in the private sector would never work for such low wages.

Leaving Soon, just not soon enough
6 months ago
Reply to  PPF
PPF
6 months ago

No thanks. Buying a failing business isn’t really worth my time.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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