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 title of this article is misleading, because the author actually argues that there is no evidence that any of the population change, in Illinois and in other states, is due to taxation. In any case, I commend you for posting an alternative view to one of your primary narratives.
Mentality: Population is falling, but it’s not all due to lung cancer. So we should all smoke more.
I noticed this narrative making the rounds in the media: prepping the populace for a tax hike. Then when folks don’t move right away or the population grows slightly (because the state spends more or hires more workers), they’ll view that as a mandate for higher taxes.