Fire 1 of 2 city employees.
Fire 1 of 2 city employees.
That wouldnt work, either. The problem is Section 23 of the Illinois State Constitution. These pensions can not be touched, legally speaking.
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At some point taxpayers will decide it makes more sense to not be a taxpayer.
They will have 3 choices.
Refuse to pay.
Leave.
Or sit on their hands and become tax consumers.
>>Fire 1 of 2 city employees.<<
Too late. 99/100 is vested and will get a pension. If you fire them they will get severance, unemployment and welfare (it is what they desire).
Chicago put all these people in the boat. Let it swamp.
Black patronage.
I said this here a few days ago. Illinois is doomed. They will go the way of Detroit. The public sector labor unions are too entrenched and the pension promises made to them are too lavish. The result will be absolutely crushing taxes that destroy all businesses, cause ever more productive people to flee the state, drive property prices down and eventually result in the state defaulting on its debts.
The smart thing to do would be to move your business out of state and sell your property before the whole thing tanks.