-- Connecting the dots between our economy, government and business --
‘Fair tax’ backers funded by Gov. J.B. Pritzker created the illusion of bipartisanship by using a former public employee union staffer who collects a generous taxpayer-funded pension due to a loophole in state law.
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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There is nothing “FAIR” about this tax.
It is Pritzker wanting what he wants when he wants it.
It is called having a tantrum.
What a pure child but that is the way children work–they think of only themselves–hence the large one has “no toilets”
Disgusting but yet nothing will ever be done, it’s a battle that will never be won in Illinois, time to leave and move on and take my losses. It’s not hard to understand why property taxes are so high and expected to go higher just look at this article.