-- Connecting the dots between our economy, government and business --
Comment: Ricky Hendon does music, too. Check this out.
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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So loser dopehead Hendon played the race card and got a million dollar gift. When is this equity discrimination against more qualified whites going to end? Some white person needs to sue these people personally.
GOV Jelly Belly Nice job you fool!
Nice Buick.
It will be interesting to wait 6 months and see how many of the equity pot lotto license winners are willing to put in all the hard work and risk to run a profitable business vrs simply selling their licences for big fast $cash$ payouts as so many have already done. And if so, so much for social equity bs. Also interesting how many politico players are winners in the nations capital of pay-to-play
Oh No!!! Couldn’t possibly imply everything isn’t legit in Illinois? Where money is concerned the rules are fluid. Weed stores are the new tax collection point. Tax is pushing 40%. People are willing to stand in line!
Point being, behinde the scenes the pot license are being bought up by big national players for tens of $millions$ in some cases with state approval. So if your a rickie hendon are you going take all the risk and hard work of trying to make your pot dispensary biz a go or just wait a while and hope you get offered a quick multi $million$ license buy out deal. Im sure all those independent license holders are gaming for a fast $ buyout or merger
IL will kill the golden goose as supply will soon exceed the demand and tax revenue declines along with prices. I read ag academic scholar that basically said weed is a cash crop and legal prices, even with profit every step of the way, shouldn’t cost most that something like $100 per pound from growth to retail distribution. That day will come near as more growing facilities come online. It’s already the case in many other states – it’s only $15-20 for 100mg gummies in downtown Seattle but its $30-35 plus the insane taxes in River North.