No surprise that Illinois’ Tier 2 pension law being challenged in court given how it was passed – Wirepoints Quickpoint
The law was bulldozed through in 2010 by House Speaker Michael Madigan and Senate President John Cullerton in less than 12 hours with no analysis, debate or actuarial assessment.
Really it kind of is a non-issue. Upper middle class people in they city have zero, literally zero reason to complain about higher taxes. that’s who they vote for, they vote for candidates who openly advocate to raise taxes on the ‘rich’. There should be no surprise when it turns out ‘they’ are actually the rich. I tell upper middle class progressives in the city this all the time. The poor people in chicago barely pay taxes any ways, and the tax bill which is factored into rent really isn’t all that much. Most landlords lose money in real estate… Read more »