-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
If this tax does go through, the companies should just take tax out of the employees pay check. Most are probably Dem voters and wouldn’t care.
Mayor Brandon Johnson is a failure at math, whether it comes to understanding it or teaching it.
So taxes (a cost to a business) have no impact on the success of a business? If so, I guess the mayor should place a 100% tax on the earnings of a business. Somehow they will be able to survive.
Is everyone ready, kids what time is it,
it’s tax revolt time.
here comes the we won’t pay tsunami.