-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Why bother with the charade of taxes, just rob them as they enter or try to exit the city.
The suburbs should tax Chicago, afterall there’s over 6 million suburbanites paying the lion’s share of the taxes and 2.7 and shrinking Chicagoans most of whom, well, you know.
This will be the Kiss of Death for the CHITTY of Chicago. Last nail in the coffin. Business will increase the flee out of the schitt hole called Chicago.
All the CTU terrorists know how to do is steal money. They certainly don’t know how to teach
Brandon doesn’t believe revenue is the problem; he believes the suburbanites are the problem.
New York City has a city income tax for residents only. A few decades ago, NYC did tax suburbanites but at a rate that was 1/8 of what city residents paid. Let’s see Brandon propose that. Of course he won’t, because that goes against his “someone else” platform.
Conversely, I will pay a Chicago income tax IF that amount is deducted from what I pay the state. Let’s see the legislature get behind that.