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.
It is detrimental to shareholders if public companies in Illinois are not forming a small committee of board members and management to look at the costs/opportunity costs of moving out of state given several adverse scenarios. What is the straw that will break a particular company’s back? For the exchanges, I suppose it is a transaction tax. For someone like Abbot Labs or John Deere, it is not as clear. Exchanges could also throw a shot across the bow by moving some transactions to data centers in places like Dallas.