Tax Happy in Illinois: The Prairie State prepares to double down on terrible fiscal policies. – City Journal

French president Emmanuel Macron famously joked that his predecessor François Hollande’s tax increases would make France Cuba without the sun. Pritzker’s Illinois will be like California without the sun, Hollywood, or Silicon Valley—just the taxes.
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someone
5 years ago

Surprise ! not really!

Aaron
5 years ago

Illinois could tax everyone at 100% for 100 years and still need a loan to pay its bills.

Last edited 5 years ago by Aaron

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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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