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.
This reminds of Lex Luthor when he bought land on the Nevada border and wanted to turn that into beachfront property after California slid into the ocean. Huge tax burdens now and higher in the near future without any reforms whatsoever on the docket will drive more people out of Illinois and those in power will eventually buy land for pennies on the dollar. This is probably their plan all along. Who knows?
They really are serious about doubling down on making this state unaffordable to reside. I thought there might be some moments of sanity but there has been none.
Why not make the minimum wage $50 an hour and eliminate poverty completely?