Illinois made totally ridiculous pension promises to public sector employees. The state cannot even discharge these obligations through bankruptcy (Public sector labor unions got that amendment added to the state constitution). So what’s going to happen?
Taxes will continue to rise to pay for it. That will drive out business and drive out productive citizens. That will blow a huge hole in the state budget. The state will then jack up taxes even more on those who remain. Property values will crater as productive people try to leave but can’t find enough suckers.....errr....I mean buyers to buy those homes. The taxes will CRUSH small businesses and cause larger companies to move jobs away from Illinois.
So if you stay, the state will tax the bejeezus out of what you make, ruin your business and as an added bonus, your home will be worth far less than you paid for it. Get out now.
Just don’t come to Indiana. We don’t want no FIBs.