It’s not just people fleeing, it’s companies too. And that means less future growth. – Wirepoints on The Shaun Thompson Show

Ted joined Shaun Thompson to talk about the irresponsible spending of Chicago and CPS, the fact that Mayor Johnson is breaking his promise to not raise property taxes, why so many businesses and people that are fleeing Illinois, why we can’t push solutions until politicians recognize the state’s problems, and more.

 

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Mark
1 year ago

It would be illogical for any small to mid sized business to start up in Illinois given the overall business environment. The patient will bleed out over the next twenty years due to lack of blood(businesses).

Hello, Indiana!
1 year ago

The pols know the problems, yet they get paid regardless. Their friends at social services, in the judicial system etc. make their living off the problems. “Don’t kill the job” a friend at Com Ed once advised me.

Free at Last
1 year ago

Everyone focuses on the larger companies, but closely held businesses in Illinois have been suffering for years. The democrats and their union alter egos, killed manufacturing in Illinois long ago. But the high tax, high regulation Illinois environment, prevented Illinois small businesses from ever fully recovering from the 2008 recession. Then came the idiocy of COVID. So many small business people who survived 2008 just said “to hell with it” and either closed shop, retired or sold to larger companies that took the customers but not the employees. They took their money and moved to Florida or some other rational… Read more »

Freddy
1 year ago
Reply to  Free at Last

Maybe that’s the plan all along. Remember Lex Luther on Superman? He was buying up property along the Nevada border and after California slid into the ocean he has hundreds of miles of beach property. The pols seem to want to get out as many people as possible and takeover properties and land and reward their close allies.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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