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Ha ha ha. Not falling for that one, Illinois. You just want to take my money and find some way to never pay it back. If I really want that bond yield, I coul
by logfromblammo 9y ago
Ha ha ha. Not falling for that one, Illinois. You just want to take my money and find some way to never pay it back.
If I really want that bond yield, I could just follow whatever investment strategy you had in mind on my own, thanks. Any tax advantage is more than offset by the additional returns that I'll get to keep for myself instead of handing over to retirees, and my expectation that the fund administrator will be as crooked as the boundary of a Julia set.
Suck it up, accept you're "Detroit bankrupt", and amend your constitution now, or wait until after the state is "Puerto Rico bankrupt" and all the responsible parties are collecting their pensions from prison.
The smart move here is to not be able to touch Illinois with an eleven-foot pole. Do not buy these bonds. Do not move to Illinois. Do not keep your money where Illinois can get to it. Maybe even get some vaccinations to avoid unnecessary illness.