Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Even with a 10% city income tax like NYC they would still find a bunch of cronies to pay and still wind up short each year… the city is ran like a super massive black hole
A ‘progressive’ commuter income tax will make my office move from Chicago to Rosemont quicker than bullets fly in Englewood. I won’t be paying any ‘commuter’ income tax because my office happens to be in Chicago. I spend less than 40 hours a week there; there is no good reason to give them 3.5% of my income for the privilege of spending an hour each way to get there a few times a week.
People don’t seem to understand overall tax burden. Adding another tax is no different than jacking up property or state income taxes.