In a shocking turn of events, Illinois passed a shocking bill that increases taxes BY 32%. The simplified story is this, Illinois was on the verge of bankruptcy and in an attempt to prevent this, the state house/senate passed a low to increase taxes by 32%.
In my opinion, this just pushed off the bankruptcy. If I lived in Illinois, if I was able that would be my sign to leave the state as that kills any economic growth... I'm not a financial adviser, but feel like what happened in Illinois is just a starting point and the cracks are starting to spread. Do what you want, but I believe everyone should have at least a little gold/silver/crypto as if the world currencies ever hyper-inflate, this would give you a chance of thriving.
What do you think? Let me know below.
