Відео

No. The taxpayers didn't accept absurd pension promises; politicians, with conflicts of interest, wrongfully accepted union pension terms on taxpayer's behalf. Taxpayers that literally had no say. When a state's pension obligation becomes/exceeds the size of the entire budget, this is pure mismanagement, and a clear violation of fiduciary responsibility and a conflict of interest. The Fed should not pay off the problems created by bad-actor states like IL. Pay 'em out, even if it's $0.10 on the dollar. Many of us have *no* pension. We shouldn't be forced to pay for this mess. IL - you made your bed. Now sleep in it. Let the IL taxpayers come after the politicians.

They did not tell you every year they were charging an approx $20,000 as fee

No housing crisis for Bernie!!

Not that I’m for the taxing to solve a problem. But I believe they misspoke, the 20% should be on the 7% profit not the whole amount or did they write the proposal taking it out of the whole?

All gov ppl need to be held accountable. Y do others get to make decisions for us. Jimmy carter worked 4yrs been getting pension for over 40. That's just one example

You know the Unions are there to protect the interests of the workers they represent. You do not pay a Union rep to back peddle. So the Mayors and Governors made contracts for workers to sign. They signed them and workers went to work. Then twenty to thirty years later, it is said oh we can not pay. The white collar workers are retiring the blue collar workers are retiring. So who is left holding the bag? The blue collar workers, they retire lose their homes their car their monies for their childs' college funds they have less to spend so less monies are paid back into the economy so the State and Local governments are taking in less monies. Ho was the genus that had the for site for this economic disaster? Have fun with that.

Public sector unions should be banned and disbanded

Promise in one hand and shit in the other. Which one fills up first. DUHHHHH

Glenn Beck, You are a true treasure, I liked you show so much, keep going sir, you have the gift of righteousness, thank you sir for opening my eyes to what is really going on!

No wonder wisconsin voted for scott walker.

They just raise taxes !!

I am an Illinois state retiree. I worked for the Department of Corrections for 28 years. State workers pay into the system the whole time so it’s not like it’s just free $ after you retire. Yes corrections does pay well and there are risks we accepted along with the job. A study concluded that the average correctional front line workers live to an average age of 54. People who complain, did you apply to work in a prison? Accept the fact in this job you might not come home. Look up Pontiac riot in which staff and inmates were brutally murdered, that’s when corrections personnel started to get paid well.

Ok, we make the top 50% (you'll always have 100%) pay for everyone's universal basic income, and every adult citizen gets it. No job "benefits" just pay us, keep social security, Tax robots. End crap.

I hate taxes and I especially hate capital gains, inheritance, gift, and other taxes where the government is hitting you twice on the same money. That said, I STRONGLY suspect Beck is misunderstanding this tax. I guess that this is a tax on the RETURNS from investments, not on the investments themselves. To explain with an example: suppose I purchase $100 worth of stocks in Jan and sell them for $107 at the end of the year. This is a 7% return on investment (.07 x $100 = $70. The way Beck explains this, I would pay $20 in tax (20% of $100) and thus be at a net negative of $13. In fact, I am sure this proposed Illinois tax would function like a capital gains tax at the state level. In other words, you would pay 20% on the $7 (or $1.40) that you earned as ROI. Having said that, I do not know if there is a legal foundation for this tax at the state level. Moreover, everyone needs to be VERY suspicious any time a liberal politician promises that some new tax is only for the very rich. Plenty of NOT rich people like me ended up paying thousands of dollars of AMT until Trump fixed it.

This was the most pointless video ever. Another it's not my fault video, but it's thier fault. Where was the solution to the problem? The problem starts with both sides saying wasnt my fault is the other parties fault. Here is some smoke and mirrors let me show you why. And never offer a true solution to the problem.

Lots of people here are n the comments want to blame Democrats but Republicans are equally to blame. By the way if your new to Glen Bleck he sees the end behind every tree. He is the modern day chicken little. I can’t recall how many times he has predicted doom and gloom.

I think it's 20% of the profits, not 20% of the value of your portfolio.

That's why the war on guns. The solution? Raise taxes , prices and inflate the stock market. We have no right to hate our politicians. We can do the 5th grade math that would have prevented this. Our own greed is responsible. People want a collapse because fear will allow government unlimited power as people demand a fix.

Labor unions + democrats = disaster

Watching this now in 2019. So spot on.

Most city pensions are funded by that cities pension fund not all but most

Wait till California collapses!! And the a-holes that did this are the same ones that would ban guns?! Wake up folks!!

Where Glen's big problem here is the fact he is analyzing this issue using pure and simple logic. Politicians never concern themselves with long term logic. It gets in the way when looking for votes.

What happened to Glenn Beck? Didn't he used to have a show on Fox news?? I liked him...😊

We are already taxed to death in Illinois.no one will be able to live here anymore if they tax us more.pathetic.

Many Americans don't know, but Illinois had Republican governors during all of the 80s, 90s and a part of 2000s

This is why you have 90yr old door greeters at Wal-Mart.

I am still in ILLINOIS IT FUCKING SUCKS I have been a CARPENTER for over 30 plus yrs have my own business all my work comes from Wisconsin the reason I have not left my father is ill and my mothernlaw in ill I cannot find work that will pay good so I have to travel 1 to 2 hrs everyday to make a living I am a GOD fearing man who is a CONSERATIVE Republican and I will fight the DEMOCOMMIES all the time if this election goes bad we will flee quickly

No hope for ILLINOIS, CHICAGO is a concentration of corruption to the HILT - no escaping from a self inflicted sound. The entire STATE is BANKRUPT, WORSE STILL.CHICAGO iS HISTORICALLY & PERPETUALLY RUN BY THE DEMOCORRUPT THIEF SLUGS. THE FEDERAL GOVERNMENT SHOULD BECER BAIL THEM OUT.

No one seems to care when a large private sector company go bankrupt and workers get a fourth of what was promised. However, if it government workers losing pension money, it's a huge concern.

You have no choice but this. sites.google.com/site/oldseers

Illinois should sell their state to China.......would bankrupt China......

Left IL in March 2018, best decision ever. If you're a liberal and want to leave Illinois I'd go to NY or CA.

DimWits stay out of Texas ... go to Canada ...

Those of you fleeing the mess that was caused by they greedy way you voted, do not, repeat, do not come to other states and continue to vote the same way. Learn your lesson. Accept responsibility for the mess your voting style created and take your medicine.

This is a brilliant analysis of a problem that more and more states are facing!!!

my wife and I are both retired and collect retirement pensions... without those pensions , we would be on welfare ,or homeless going to charities ... Federal Gov't needs to stop sending billions of dollars to other Countries , causing trillion dollar wars , subsidizing oil Corporations , giving trillion dollars to the wealthy in form of tax cuts ..etc etc etc

Voluntary Euthanasia!

And how much are your Constitutionally Protection of your Bills of RIGHTS worth? This will be your Federal bail outs agreements too be your back stop . Want money? Enforce the seat belt laws and will fund your bridges and hwy's.

Liberals are just stupid. They deserve their uneducated union misery.

They will always invest greed does not care the rate profit is profit.

Glen goes a bit too far with these scare tactics and setting himself up to be this great Doomsday slayer. If what happened in Illinois affected other healthy states like Texas or Cities like Dallas then these places would have been out, dead and broke years ago. These cities and states have exploded in revenue and prosperity even when Obama was in office because they have economic competency leading them. Look Glen, Illinois has been collapsing for years and their going to do the same trick for the next 20 years.

The politicians are going to have to cough up their ill gotten gains. They made money without working. They cheated and stole from the coffers.. they lived lavish high lives.

I've been saying this for decades about government unions.

Idiots...these guys don't know what they're talking about. Attacking socialism for a capitalist caused problem. Had the owners said let's share the revenues employees would benefited and suffered capitalist economic cycles.

500,000 of those new jobs created went to those aged 55 and over - in other words, retirees who can't make ends meet. There was a decrease in workers of prime age (25-45). The employment figures tell a lopsided story.

Come on Glenn does anyone care if a Uber rich guy pays..a extra 10% in taxes..on a billion dollars..lol.. a billion dollars is 10 100 million.. these guys never do the math.. it's just rhetoric.. so if I pay 10% on a 100 million that's 10 million. time 10 that's a 100 million in taxes on a billion which is nothing you're still left with 900 million.. more money than any man woman or child could ever spend in 20 lifetimes so why not tax the rich...but theres more because.. the $900 million that you're left with.. you can reinvested it and get most of that money back.. what I'm saying is we've had higher tax rates before.. the rich still compound money and get richer.

True Capitalism already has come crashing down.. its the printing press that keeps it going.. just ask Japan the EU China United States everywhere.. could you imagine if the FED actually try to wipe out their balance sheet what would happen.. there is your stock market crash.

The FED will just print more money like they always do

U always say Democrats.. Republicans have ran that state too..lol Dems love your money Republicans..love your money too..lol.. both parties are ultra Keynesian.