What happens when you try to solve decades of bad management by squeezing the taxpayers left in the state? They leave. Why Is Illinois Hemorrhaging Residents?.
Taxes are up and going higher, because for decades politicians in Illinois promised stuff to the unions (teachers, cops, fire, whatever) but never bothered to fund those promises. And the bill is finally coming due.
Vincent Flaska wanted to expand his forklift manufacturing business in 2015. He could have either kept Hoist Liftruck in Illinois, where the company was based since 1994, or moved it just over the Indiana border to East Chicago.
He chose Indiana.
“The environment that has been created in Illinois is not supportive of those blue-collar jobs,” he said.
With the move, Flaska saved $1.75 million annually on workers compensation insurance and an additional $1.5 million on state taxes
Without jobs, there will be no one to pay the taxes. So then the politicians in Illinois will raise the rates higher in hopes of generating revenue. Rinse repeat. (Hat tip to Second City Cop.)