Bolting Blue Cities: Major Firms Vow To LEAVE Chicago Amid WOKE Policies, High Crime, Higher Taxes

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Chicago’s new woke mayor is signed in and vows to tax the rich and big business to pay for progressive agenda – as major firms vow to PULL OUT of city (Daily Mail)

  • Mayor Brandon Johnson beat out more moderate Chicago schools CEO Paul Vallas this month to earn the spot
  • On a podcast, the CEO of the country’s foremost financial derivatives exchange voiced distaste over taxes planned by the 47-year-old former union organizer
  • Speaking roughly 24 hours before a ceremony that will see Johnson succeed his similarly aligned predecessor, Terry Duffy said CME Inc. is set to leave the city

Companies are already vowing to leave Chicago over additional taxes promised by its new mayor – a progressive newcomer tasked with addressing the city’s dwindling image under predecessor Lori Lightfoot.

Sworn in early Monday, Mayor-elect Brandon Johnson beat out more moderate Chicago schools CEO Paul Vallas earlier this month to earn the hallowed spot – something business leaders like CME Group Inc are already peeved about.

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CME CEO Duffy Says Firm Is Prepared to Leave Chicago ‘If We Had To’

‘Ill-conceived policy’ could see the exchange’s leases voided.
Terry Duffy

CME Group Inc. is prepared to leave Chicago if the city and state take steps that are perceived as “ill-conceived,” Chief Executive Officer Terry Duffy said in an interview.

Duffy’s remarks, made in an episode of the Odd Lots podcast, come as Mayor Brandon Johnson is being sworn into office after proposing additional taxes, including one on financial transactions, to help boost the city’s revenue. That plan was fiercely opposed by Chicago’s exchanges and investment firms. A higher levy would also require state approval to pass.

“Mr. Johnson has no legal authority to impose a transaction tax on my business,” said Duffy, adding that fighting crime should be a bigger focus for the new mayor. He also shouldn’t “get too bogged down on how he’s going to short-term think he’s go……

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Snowedin
Snowedin
10 months ago

These companies know which side their bread is buttered on. That is why they are leaving. Chicago does nothing for them except to tax them heavily. Hopefully the people who decide to leave with them will leave their progressive, commie, demo, votes and ideals in Chicago.

11bravo
11bravo
10 months ago
Reply to  Snowedin

Will we go the way of Detroit over the next 50 years, or will the alderman (democrat ald.) see the train that is barrelling down the tracks at us? Massive cuts in what the city pays for need to be implemented. No one is prepping the battlefield for what NEEDS to be done.
WE’RE DOOMED!!

bayoucastine
bayoucastine
10 months ago
Reply to  11bravo

11bravo – be among those, like the survivors of the Titanic, be among the first to reach the lifeboats and leave the sinking ship, Chicago.

garry pollackD
garry pollack
10 months ago

Let’s go Brandon!

Stephen Honig
Stephen Honig
10 months ago

Whoever thought there would be someone worse than Lighfoot!

gorgo
gorgo
10 months ago

Hey, maybe some of these companies are going to grow a brain instead of mindlessly following the woke turds to the gutter.

Glen
Glen
10 months ago

Why would anyone live or work in Chicago. The thing is to stop the spread of the disease by leaving and never electing democrats wherever you go.

Cat
Cat
10 months ago

Problem is that 80% of Chicago’s budget is pensions. And those pensions are heavily underfunded. As people and businesses leave (and they are), everyone else will have to pay more. Eventually, housing prices will decline as property and other taxes go up. Chicago is in a death spiral they can no longer avoid.

saf
saf
10 months ago

good luck with the communist takeover of Chicago… may those who press the D button without considering what they are voting for, deserve all they will be left with.. and overtaxed… crime ridden…
Venezuelan economy that will choke them. It is after all, what they voted for. None have a right to complain.. just to be obedient to the people they put in charge of their lives. good luck to you all in Illinois!! May y’all wake up from your woke lives…

saf
saf
10 months ago

Guns completely banned yet they are the Gun Murder Capital of the Nation… so much for BLM….the lives that perish every week are meaningless to them!! Fools who gave to the Communist Party money laundering BLM scheme…. and they dared call others racist and other hateful names and wishing death to those who disagreed with the scheme…

Jeff
Jeff
10 months ago

It is ridiculous how the citizens keep electing the scum of the earth to office in the major cities. Soon it will be a ghost town. I recall that when I became a born again Christian in the late 80’s I was the only member of an otherwise all black church, and a group of us took a drive to Detroit to worship with a brother and sister church in that city. When I was in Detroit, I stood outside the church we were attending, and observed a landscape of abandoned, dilapidated, or even half-destroyed buildings within view of the church, which seemed to be the only usable building in the neighborhood. That was more than 30. years ago. At that time, I was also reading about Habitat for Humanity, an organization founded be Jimmy Carter to improve or rebuild destroyed or utterly dilapidated homes in cities working to “restore” Detroit. It looked too far gone to be “restored” to this observer. I haven’t seen Detroit lately, but am assuming it is even more deserted and rundown. But I’ll bet anything they keep re-electing the same race baiting, demagogic types to public office. And the stupid people look at the deserted and damaged streets and decade after decade shrug and declare, “our problems are because of racism, especially because of the auto manufacturers who left Detroit.” I’m just shaking my head….

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