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.
This proposed tax exposes Democrat’s depths of absurd stupidity when it comes to basic economics. Day one of such a tax and ALL of the finanical markets leave Illinois for good.
Lori doesn’t care about anything but her south and west side constituency and the Latin X socialists who will get her re-elected. She could care less about taxpayers.
I think a majority of CME employees are working remotely right now and they are not going back until 2021. How difficult would it be for them to move with minimal disruption to their business. Go ahead Chicago dare them, I’ll place my bet on who will win this battle.
Chicago can not wait to KILL THE GOLDEN GOOSE.
CME should move out right now. Higher taxes are coming
CME should have moved years ago to a lower tax state.
If the charge too much money to make a trade another exchange will take away their market.