You cannot renegotiate or cancel pensions. But you can simply tax their receipts... | Hacker News

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		polski-g on Sept 7, 2023 \| parent \| context \| favorite \| on: Chicago’s parking meter disaster You cannot renegotiate or cancel pensions. But you can simply tax their receipts as income.

behringer on Sept 8, 2023 | [–]

That's perfect. Tax anything over poverty level at 80 percent until we're balanced.

cozzyd on Sept 7, 2023 | [–]

yes, Illinois doesn't tax pension income, though maybe it could. (Maybe it even could with a residency exemption; perversely many Illinois pensions are being taxed by other states...)

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