Illinois losses to out-migration are mostly the wealthy; incoming are relatively poor – Wirepoints on WLS’ Ramblin Ray Show

Ted joined Ray Stevens to talk about the migration patterns in Illinois and how the state’s losses negatively effect the economy. The numbers show that people with higher incomes are leaving Illinois and those with lower incomes are flowing in. High taxes are causing the wealthy to leave for states and cities with lower tax rates and more opportunity like Atlanta and Houston.

 

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mqyl
1 year ago

Yes, migrants and other low-income people coming in can’t fill the gaping hole in tax revenue caused by the exodus of middle class, upper-middle class, and wealthy residents. Furthermore, as other commenters have noted, it seems the IL pols don’t care about the continual, shrinking population of the state. That’s a giant can kick. Future generations will be burdened with trying to reverse that trend.

Hello, Indiana!
1 year ago

Voting with one’s wallet and then feet is much more effective than 1,000 stuffed ballot boxes.

Leaving Soon, just not soon enough
1 year ago

I will be giving Illinois the 1 finger salute soon. Taking with me all the economic activity and taxes that I pay. I am going to get much more for my money elsewhere, it is like shooting fish in a barrel.
Let PPF have the state, it is not big enough for me and him, he wins and so do I.

Pensions Paid First
1 year ago

You’ve been saying this for years. Yet you continue to live here. What are you scared of Poor Taxpayer? You even changed your screen name as you were embarrassed by all of your claims of leaving and never having the courage to get it done. Go see the wizard PT the cowardly lion and get you some courage. You can do it.

cynthia
1 year ago

BULLY

Pensions Paid First
1 year ago
Reply to  cynthia

Just calling out his lies cynthia. That’s not bullying.

Willowglen
1 year ago

You don’t know him or the circumstances which make him stay. For example, being near my grandchildren would make me do very uneconomic things. That would not make such a person a coward. Rather he would be someone struggling with difficult choices. By the way, you never have informed me of your educational credentials. I suspect there is a reason why.

James
1 year ago
Reply to  Willowglen

I don’t know about PPF, haven’t we all read and heard repeatedly that credentials are no guarantee of excellence? Any individual’s relentless pursuit of specific subject knowledge over many years counts for a lot, doesn’t it? Surely all you Trump fans can appreciate that point of view. Don’t under-estimate the confident performance of Mr. Average. It’s not always true, but sometimes because of a long-standing interest in a particular topic they’ll know more than you.

Pensions Paid First
1 year ago
Reply to  Willowglen

Willowglen, I only know what he states on this site. He has been telling us for over 5 years that he is leaving soon and we are all chumps for staying. He even changed his screen name because he spammed this site about moving to a city in Florida. You can’t even say the name of the city without triggering the spam filter. I, like you, believe that people choose their residence based on a number of things that don’t always make fiscal sense but align to their overall happiness. I already told you once and I’ll say it again… Read more »

Willowglen
1 year ago

Of course you won’t get into the credentialing game. You won’t hesitate to be smug though. Your suggestion that I take an accounting course as part of an effort to push an assertion that pension costs are not relevant to the overall costs of public employees was absurd. I have been in meetings with the SEC Commissioner and Chief Accountant over accounting matters. Typically credentials are overrated, but in your case the lack of the same matters. You wouldn’t even get in the door.

PensionsPaidFirstTheCommunistTurd
1 year ago
Reply to  cynthia

Hes communist trash cynthia

Leaving Soon, just not soon enough
1 year ago

Ken Griffin and I are in the very same area.
Over the last number of years, I have saved between $30,000 and $50,000 per year in Illinois taxes. I am the winner and Illinois taxpayers now have to make up for the lost money. Also, my house double in valued (5 Years) all while living in a safe neighborhood.
I have always paid money to the government; I never took any money from the taxpayers.

Pensions Paid First
1 year ago

You and Ken are almost identical. lol

Although he left and you still live in Illinois. Also, he’s a billionaire.

debtsor
1 year ago

He could be Ken for all we know. That’s the amazingness of being an anon on the interwebs. Heck Mitt Romney used to counter his critics under the user handled Pierre Delecto on Twitter.

Leaving Soon, just not soon enough
1 year ago

Not a billionaire, but very comfortable. Left Illinois millions of tax dollars years ago. Could not live with myself being a slave to the government taxman.
If and when you move to Florida, we can enjoy a Tomahawk Steak on the taxpayers of Illinois. Bought a nice house for $285,000 (great area by beach) and now worth about $1.2 million and pay $6,000 property tax and Zero income tax. Let’s see you manage to do that in the high tax state of Illinois. I used to like Chicago, but now am afraid to go there.

PensionsPaidFirstTheCommunistTurd
1 year ago

I can smell PPF all the way over here

Ex Illini
1 year ago

This is where the CrapFax gang yells “good riddance”! Illinois, despite Governor Blowhard’s claims to the contrary, is headed south like Sherman. A state with structural budget deficits can’t afford to lose any taxpayers, and it certainly can’t afford to lose wealthier residents. The extreme leftist policies of the current administration is driving good people away. Illinois rates terribly in several key categories, making almost any other state more desirable. This trend isn’t going to change anytime soon.

Old Joe
1 year ago
Reply to  Ex Illini

You know it’s bad when even Illinoisians move to Michigan for greener pastures!

debtsor
1 year ago
Reply to  Old Joe

I know of two families that left for Western Michigan. One moved quite a bit further north. The other basically lives right over the border. Although two states away its still close enough to be considered an outer exurbs. It’s a bit of a hike from Chicago but doable on weekends with light traffic. He loves it there but hates the sand. The sand is everywhere, blows inland, gets into everything, his yard is basically sand with some grass in it.

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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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