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.
Don’t all these “tricks” deny the federal government the necessary revenues needed to support programs like medicaid and welfare? I thought the progressive’s argument was that more taxes were needed. Now those well-to-do taxpayers in blue states are seeking out loopholes to pay less taxes?! Seems counter-intuitive to their professed political beliefs.
You thought WRONG. The new tax plan puts the tax burden on progressive states meanwhile uneducated poor republican states like Mississippi West Virginia Tennessee Alabama live like maggots off the educated hard working high earning progressive states
Couldn’t the same be said for how Illinois’ state income taxes are allocated? The taxpayers in my Chicago suburb contribute far more in tax dollars than they receive, just like those progressive states. As a result, we’re forced to pay even higher property taxes to fund our schools, among other things. What do you think of all the “uneducated poor” – as you call them – from Chicago’s south suburbs to Cairo and all the poor farm towns in between that can’t fund their own schools and are reliant on my tax dollars for their education and social services? They… Read more »
Bingo, Nixit. The progressives aren’t so progressive when it comes to the poor who don’t vote their way with a knee jerk. Just deplorables.