Commentary: The exodus from Chicago is about to get worse – Washington Examiner

"A good rule of thumb in economic policy is that if you want more of something, you should lower its costs. If you want less of something, then you should increase its costs. By taking one of the most heavily taxed jurisdictions in the country, and then slapping $800 million worth of new taxes on top of that, (Mayor Brandon) Johnson is making it clear what kinds of things he wants less of. He wants fewer large companies in his city, fewer tourists, fewer people with expensive homes, and fewer hotels."
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Poor Taxpayer
2 years ago

Count me as one of the people who will be fleeing the Chitty and the State for greener pastures. No big deal, I will take with me a few hundred thousand dollars in spending in the economy and Tens of thousands of dollars in tax revenue and for many years to come. I will not look back and ever come back. Me and over 100,000 per year like me will get out of Dodge and take their taxpaying family members with us. Long term this is not a good program for the Chitty or State.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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