2aguy
Diamond Member
- Jul 19, 2014
- 112,241
- 52,463
- 2,290
- Thread starter
- #21
I'll be spending part of the holiday weekend there, sad they tax the shit out of companies so badly they have to leave the city, because downtown Chicago is a wonderful place, along with north side neighborhoods, to say nothing of the Gold Coast.
The corporate taxes are not only obscene in Chicago, the surrounding suburbs, anywhere from 30 to 45 minutes away, are also crushing people with taxes, and all of that filters downstate, which also is not immune. Police and firefighter unions are very well funded, and tax dollars have to pay for these pensions. Throw in all the elected officials who also get Cadillac pensions, with substantial raises that see many go over six figures annually, and you get yourself in a mess, and have to keep raising taxes.
Actually, the police and fire pensions are not well funded at all, in fact, they are going to run out of money.
The state of Illinois is suffering from a government-worker pension shortfall of over $111 billion – the worst retirement crisis in the nation.
Illinois: Rundown on Pension Crisis - The Policy Circle
www.thepolicycircle.org