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.
Lori, YOU ARE A BUFFOON. End this nonsense now. The idea that those of us who make are CONTINUALLY subsidizing those who take is madness. At what point can we stop funding their existence through layers and layers of taxation?
When does personal agency take over? When do we allow people to own the decisions they make in life?
The amusement tax is allocated to public safety. With 4,000 shootings and over 800 deaths in Chicago the $22.5M in taxes do not seem to make the public safer. The commercials for governor candidates keep using the term “War Zone” so what is considered public safety?
https://mail.civicfed.org/civic-federation/blog/where-do-cook-county-sales-tax-amusement-tax-and-other-taxes-go
$137M is collected from cigarette taxes but many people still get lung cancer. So is the tax not going to lung cancer research. How much of all these taxes are going to administrative costs?
C’mon man, we all know where it’s going – Public “Servant” pensions!