-- Connecting the dots between our economy, government and business --
Wirepoints contributor Jim Iuorio breaks down the dismal jobs situation for both the nation and Illinois. Illinois has suffered a loss of private sector jobs as more residents continue move out and taxes remain high.
For a deeper dive into the numbers, check out Wirepoints’ related pieces:
Illinois job growth? Government job growth masks job losses in private sector.
Summary and audio linked here.
Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Summary and audio linked here.
Illinois paid the price for embracing Fauci’s “science.” Here’s the retrospective.
Podcast link is here.
things are only going to get worse with fed COVID $bucks$ running out for jobs and tax revenue growth in hapless Illinois going forward…….So, do are dem machine heroes try and quickly pass TIER 2 fix now in fall veto session while things aren’t so bad and dopey voter/taxpayers are distracted by presidential race? Or shelve it?…I’m betting on fix with added sweeteners beyond “safe harbor” and dopey voter/taxpayers not even noticing what hit em
High and higher taxes are cast in stone. PPF tells it like it is the state constitution will not change.
That given more and more people will choose to leave and taxes will have to go higher. Illinois is in a debt death spiral. Unless the State could go bankrupt (it cannot) and renegotiate all of the excessive pensions more of the same is the only future on the horizon. The public sector unions run the state and all they want is more money and do not care about the taxpayer.
Yes, PPF is correct that taxes will just keep going up and you are correct that Illinois is locked into a death spiral. Those that say the people of Illinois deserve better are wrong. When people ignore the sanity of the red states and remain in blue state insanity, they have only themselves to blame. Most Illinois residents will eventually regret staying.
As I noted before, people will leave Illinois when they reach their thresholds of pain. For some, the threshold is very high due to the extended family living nearby. Others may have thresholds that can be reached more easily; for example, a threshold that triggers leaving when your residential PTs are 2.5 percent of your property’s value. Most residential properties in the Chicago area aren’t at that level yet, but even Chicago is catching up quickly.