“It’s unbelievable,” Munger said of Springfield’s accounting systems. “It takes our organization a long time to go back and verify all of the numbers, so they are compliant with accounting standards. It’s ridiculous.”
Illinois' wealthy don’t need defending. They know how to take care of themselves just fine. But don’t assume that a tax hike on them will be a free lunch for the rest of us. If too many wealthy leave, our reform-shunning legislature will only have one place to make up for the loss in tax revenues: Illinois' middle-income earners.
Illinois residents pay some of the nation’s highest taxes. One of the big reasons - Illinois has 7,000 units of local government. That’s by far the most in the nation. Consolidation would help ease the outrageous tax burden on the average Illinoisan.