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.
It’s the taxes that devalue your purchasing ability…
The whole thing is really rather simple. You take a $100 dollar bill and go shopping at a Costco in Chicago and I will go to a Costco in Indiana with a $100 dollar bill. We will both buy the same items and let’s see whose $100 dollars buys more.
Does this give you an idea of how the taxation thing works?
Can someone explain to me how $100 can purchase over $100 in goods?
Cultural experience in downtown Chicago? I think that has changed. Unless you like the experience of your car being destroyed, being carjacked or your cell phone being stolen at gun point. Plus seeing the perp in the street again the next day.
Why do you think that people are leaving Illinois?
So many reasons!!! the fact that taxes are outrageous and the politicians are only out for themselves and that there is no law and order.
Cultural experience in downtown Chicago? I think that has changed, unless you like to experience major delays from mostly peaceful protesters, or being carjacked.