New Communist Mayor In Chicago Threatens the economic Viability Of The City

[Rightguide]

Spanking New Chicago Mayor's Monstrous Tax Scam Has City's Most Iconic Company Threatening to Leave​

By Mike Miller | 12:30 PM on May 21, 2023

It’s hard to imagine conditions in Chicago getting more desperate than under former Mayor Lori Lightfoot, but new Mayor Brandon Johnson — in office less than a week, as I write — is already doing his damnedest to make everyday life and business survival in one of the country’s most iconic cities even worse.

But imagine, we must.

As reported by The New York Post, the iconic Chicago Mercantile Exchange (CME) opened in 1898, only 27 years after the infamous Great Chicago Fire. Proud Chicagoans heralded the CME as a major part of the city’s rebirth and helped establish the Windy City as a world financial hub.

Johnson, whose far-left socialist mindset exceeds even that miserably of failed Lightfoot, has proposed new taxes to the tune of roughly $800 million, including a financial transactions tax (FTT) that would make it virtually impossible for CME to do business in Chicago.

FTTs are levied on the buying and selling of financial assets, such as stocks, bonds, and derivative assets, and are based on a percentage of the traded asset’s value, with the tax being paid when a trade is made. As a longtime registered investment advisor, I call bullcrap — which I’ve done in similar situations, through the years — but the last time I checked, my vote doesn’t count. However, it remains to be seen whether a direct threat from the Merc and its $66 billion market cap to the new tax-and-spend Chicago mayor does.

More here: https://redstate.com/mike_miller/20...t-iconic-company-threatening-to-leave-n749333

https://nypost.com/2023/05/20/chicagos-new-mayor-is-bad-for-business/

Democrats are simply too stupid for public office. Everything they touch turns to shit.

 

[ll74]

Good luck on your expectations

 

[DeluxAuto]

Democrats are simply too stupid for public office. Everything they touch turns to shit.

You're an election denier, Jack, so your uninformed take means squat.

 

[ll74]

The vigilante party is ready to spring into action to combat the "man"

Can't wait to see

 

[Bn2f]

 

[HisArpy]

The problem with democrats isn't their policies, some of what they propose are actually good ideas. Nope, the problem with democrats is that the way they want to implement those policies, good or bad, is where they fall flat on their faces.

Not that I'm saying this claptrap from the new mayor is a good idea, because it isn't.

 

[Bray123]

So Chicago trying to raise money to help Americans is making them too stupid for office, yet Floriduh trying to shut down the state's biggest employer just because they can makes them smart.