-- Connecting the dots between our economy, government and business --
Ted joined Tom Miller to talk about why every level of government is scrambling to pass nickel-and-dime taxes, the good news about the Tier 2 pension sweeteners failing to pass, the bloat and inefficiencies of Illinois government, the nonsense of fund-sweeps, and more.
Read more from Wirepoints:
Summary and audio linked here.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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.
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Audio and summary
Vote Pritzker and Democrats out. All they do is raise taxes without accountability and never talk about spending cuts to left policies.
Problem is ignorance of budget-crushing inexorable annual depreciation of home/property value relative to any other place one might seek to move onto.
Each year, Illinois homes depreciate roughly 2% in value relative to homes in any other state due to tax rate capitalization.
Pritzkeresques may have surplus of personal wealth due to cronyism but the bulk of Illinois residents are economically stuck here after a year or two.
Yep and Ken Griffin was probably the most prominent former Illinois resident that had to rent a U-Haul!
He has been an economic boom to Miami.
Illinois is being destroyed from within. Many people cannot wait to get out of this tax madness and will move ASAP. Pension greed has destroyed the budget for generations to come.