Sure, institute a wealth tax to guarantee the mismanaged, overpaid, and corruptly generated pension obligations.
The life of a government apparatchik is easy and comfortable.
Sure, institute a wealth tax to guarantee the mismanaged, overpaid, and corruptly generated pension obligations.
The life of a government apparatchik is easy and comfortable.
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Hey! Have some respect for your overlords on the government payroll. The non-government serfs need to have more of their meager earnings confiscated to insure the government overlords have a very comfortable life. Get a second job!
“Sure, institute a wealth tax to guarantee the mismanaged, overpaid, and corruptly generated pension obligations.”
What’s hilarious about this is that they’ll get that additional money and blow it on anything *but* the pensions! They’re going to be worse off than where they are at in no time!
Allegheny County here in Western PA did this over the years ... they kept on jacking up property taxes to pay off their bloated pensions when the steel industry collapsed ... what happens is that property values stagnate in a best case scenario ... they typically dive in run down areas and generate fresh ghettos for Democratic politicians to exploit. It’s taken almost 40 years for a lot of the Pittsburgh to “recover” ... and there are still areas that are almost as if you walked back into the 1970s (only run down and ghettoish).
The exact same thing is going to happen to Illinois only on a statewide scale. Once people figure out that the idiots in charge are blowing money on anything but pensions, it will be too late and the state will collapse.
These people doing this to taxpayers are f-ing scum.
Complete f-ing scum. I can’t begin to explain the rage I feel thinking of all of those people working so hard to buy a home only to see their hard work become property of the state of Illinois when they can’t afford some outrageous tax bill that allows gubbamint employee to live high on the hog after “working” for the state for a mere 30 years. F-ing disgusting pieces of human trash ... arrrggghhh.
Rush said this is meant to cover only 6 of the 350+ public pensions in Illinois.
Overpaid is right. These are Cadillac pension plans. Those of us in the private sector are stuck paying for a lavish retirement plans that we can’t afford for ourselves.
THE SYSTEM IS GOING TO BREAK because the taxpayers will revolt.