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.
Interesting article. Not sure of all the details, but I believe much of the NJ location has to do with transaction speed for high speed trading – fractions of a second make a difference for the ‘churn and burn’ of high speed trading, which adds absolutely nothing in value to the economy.
Yes, Joe Biden and Democrats want tens of $Trillions of new taxes for their ‘compassionate economy’. Where is the compassion for business owners run out of business by unwarranted and illegal lockdowns? Isn’t the Tribune happy now?
It’s hard to imagine any company thinking, “let’s leave the taxes in New Jersey and move to Illinois”. Dream On