"So high-tax Illinois will continue bleeding the population and businesses, but with one contented cohort -- the Democratic political class, for whom the system is working quite well." This comment is from George Will's editorial today carried in many of the nation's newspapers.
Will's column chronicles the tragic history of Illinois and is a preview of the future for California, New Jersey, New York, Michigan, and most of the 50 states. These states are either broke or are on their way to being broke. As long as they have any money left, the Democratic Party stalwarts, who run these states (veto proof majorities in the both houses of the Illinois legislature), will pretend that their is no problem. Exactly what Detroit officials said five years before they went bust.
What is happening is the systematic looting of the state taxpayer in Illinois and all of these other states. Money is being transferred from wealth producers and workers to state and local bureaucracies to do with as they please. And they mainly please to give it to themselves. It is not about providing services to their citizenry; it is about getting more and more money and benefits for themselves. And they are winning and will win until these states run out of money. Then everyone loses.