Monday, January 10, 2011
Illinois could have spectacular increase in state income tax over public pensions
That certainly is a way to deal with budget crunches: in states with income taxes, voters are really likely to revolt over the chicanery involved in the past in public pension funds. What about California and New York?
It’s a little discouraging to hear social security and retirement income compared to “welfare”. Just ponder the social implications.
Wikipedia attribution link for Chicago aerial picture.