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My understanding is that Illinois is in a economic death spiral wherein taxes are high enough given the quality of life that people leave the state thereby incr
by kansface 5y ago
My understanding is that Illinois is in a economic death spiral wherein taxes are high enough given the quality of life that people leave the state thereby increasing the burden on those who remain l, perpetuating the cycle. Pensions are the enormous, underfunded obligation that can’t be shed outside of bankruptcy. Increasing taxes only accelerates the problem, no? Even if you could stabilize your particular city, the looming crisis for the rest of the state will still destroy you eventually as proportionally more state money goes to paying pensioners who live out of state instead of maintaining infra.