Here is what State Rep Steve Reick said while the Democrats Constiuttional Amendment was being considered:
Rep. Steve Reick, a Woodstock Republican, said relying so heavily on a relatively small number of taxpayers for revenue will backfire during an economic downturn.
“Illinois gets pneumonia every time the rest of the country catches a cold,” Reick said.
“My concern is that the disproportionate amount of revenue coming from such a small number of people could result in a disproportionate decline in state revenue because of such high reliance on that income when things are good.”
You can read the entire Chicago Tribune article here.