Recent Wirepoints Originals
Illinois’ shrinking tax base: $310 billion in accumulated losses from out-migration (Part 3)
The problem with Illinois’ chronic outflows is that one year’s losses don’t only affect the tax base the year they leave, but they also hurt all subsequent years. The losses pile up on top of each other, year after year, damaging the state's tax base.
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The Chicago Teachers Union’s Venezuela solidarity trip: Salute to our tipster and certain teachers.
Thank you to our tipster for making this a national story and to teachers who know the difference between right and wrong.
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Collapsing interest rates are devastating for Illinois’ troubled pensions
The world’s collapsing interest rates have made survival that much harder for Illinois’ pension funds.
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Got a Problem With Hedge Fund Trying To Profit By Invalidating Certain Illinois Bonds? – UPDATED
An interesting debate has arisen on one particular aspect of the proceeding now pending in an Illinois court to invalidate certain state bonds.
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Illinois’ shrinking tax base: Loss in income is one of nation’s worst (Part 2)
Illinois is an extreme outlier nationally when it comes to losing people to other states through domestic out-migration. Unsurprisingly, it’s also an outlier when it comes to losing the incomes those people take with them.
I’m sure the woke will throw in a $15 per hour, healthcare and mandatory union and residency requirements onto the investors too!
Articale confirms how wildly over optimistic illinois pol think they’ll bring in a year–$60 million & $240 mill from initial licensing?? When new New Jersey has only brought in $13 mill so far this year..or maybe ill pols dont care, they can just throw out some phoney estimate of projected revenue and the let the bond issuance/spending palloza begin!!!
Cook County needs an extra 2% to prop up their criminal justice system? So legalized sports gambling increases the cost of law enforcement? If that’s the case, shouldn’t every county judicial system be reimbursed 2% by the state? Leave it to Cook County to never pass up an opportunity to add a surcharge to the state’s surcharge. What a joke.
Not that I’d ever think that readers here might be familiar with the commonly used, illegal betting sites, but isn’t the vig typically 10%? With those kinds of taxes going to the state, can the state be competitive? Is anybody going to switch to the new, legal places? If anybody knows, help me out on that.
Money grows on trees, didn’t you know? If you tax it, the revenue will come!