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Public pensions and social trust

MARCH 18, 2019 | by Elizabeth Bauer | FORBES

Readers told me that they simply could not believe that Illinois politicians would make the hard political decisions needed to reform pensions, when it would cost them votes and would cost them campaign funds.  And similarly with respect to the proposed income tax amendment, opponents raise objections that this is just Pritzker's opening bid, but that, once the limits on graduated income taxation are removed, the Democratic supermajority will be unfettered in its tax-and-spending spree. It is, in the end, the fruit of a long history of corruption in Chicago/Chicagoland and Illinois.

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