Given where Chicago is right now this new stadium proposal is a bad idea and a bad deal – Wirepoints on The Chicago Way with John Kass
Ted was on The Chicago Way with John Kass and Jeff Carlin to discuss the proposed $5 billion lakefront stadium project proposed by the Chicago Bears & Mayor Brandon Johnson, why Chicago is struggling compared to other metro areas across the country, why the city might or might not go the way of Detroit, and more.
So Illinois raises taxes by 32 percent, obtains 5 billion more in revenue, and still runs a deficit? And yet citizens are now being asked to pony up even more tax dollars, under the expectation revenue is needed to manage debts? History shows that Illinois politicians will just spend all the money received and continue to run deficits. Casting aside the question of whether higher taxes are harmful to the economy or the related question of whether (as progressives must believe) that taxation is exogenous to productivity, can’t all see that the politicians of the state treat money very, very… Read more »