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If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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.
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What is leaves out is states like Texas, Tennessee and Florida have seen the wisdom of eliminating income tax entirely. DeSantis and Abbot would welcome IL enacting a sliding scale income tax since the rates won’t be part of a constitutional amendment.
As an escapee from IL, I’d be more than happy to see a progressive tax passed, and hopefully live long enough to see the consequences. More middle class leaving as tax burden falls on them, retirees pensions taxed, and tax rates manipulated. Should be good for a couple more laughs. Meanwhile, here in my red state, I see property taxes lowered, state income tax lowered and soon to disappear.
Democrat tax plan in Illinois…
First they came for the millionaires
And I did not speak out
Because I was not a millionaire
Then they came for me
And there was no one left
To speak out for me