Posted on 05/21/2023 12:26:48 PM PDT by CFW
The Chicago Mercantile Exchange (CME) has been operating in the Loop since 1898, just 27 years after the Great Chicago Fire.
The exchange was part of the city’s rebirth and helped establish Chicago as a financial hub.
Now, we see the opposite of rebirth with Chicago’s population shrinking.
And the $66 billion CME may not be around to help with future renewal: The company has rewritten the terms of its lease so it can leave the city if politicians pursue “ill-conceived” public policy.
“We’re in a very strong position,” CME CEO Terry Duffy said in a recent interview. “If we had to leave, we could leave.”
He’s proposed new taxes worth about $800 million, including a financial transactions tax that would make it impossible for CME to do business in Chicago.
Mayor Brandon Johnson was inaugurated May 15, becoming one of the most radical city leaders in the country.
(Excerpt) Read more at nypost.com ...
The new mayor's proposed taxes in his "First We Take the Money" plan, will cause every business in Chicago to look seriously at leaving the city. Many will start now in making plans to do so. Those that do not move should start making plans to close and file bankruptcy instead.
The new mayor is living in the wrong era.
Make Chicago Detroit 👍
The newly transformed good old days of Chicago.
Everybody down.
https://www.youtube.com/watch?v=UwgewX4MZvo
https://www.youtube.com/watch?v=YZ8CPlMHfDQ
This shows the harm caused by electing someone based upon DIE principles instead of merit. Johnson obviously has no knowledge of economics and the laws of supply and demand. He doesn’t understand that if you want less of something, you tax it more. A $1-$2 dollar transaction fee on every CME trade is ludicrous and shows that he doesn’t even surround himself with experienced and knowledgeable people.
The people that compiled this plan were also put in place based upon DIE principles, so there is no hope that smarter heads would be able to explain to him why these proposals will do the opposite of what is intended.
Exactly. I was born in Chicago and lived my youth there. People in that city are proud and are perplexed how outsiders view their city as a declining dumpster fire.
2010 - R.I.P.: Al Gore’s Chicago Climate Exchange Has Died
The Dems chose badly. Most likely chosing a black man over someone who wasn’t black, as though that should have mattered. Oh well, reap what you sow.
If Mayor Johnson is really bad, expect to see Mayor Lightfoot peep out from under her rock to see if “Miss Me Yet?” applies. I think she really expected to be re-elected and still hasn’t figured out why it ‘wasn’t allowed’ to happen.
So let's drive all businesses out of Chicago. That will really help the city! Then he will cry 'white flight'!
There really isn’t much reason for Chicago to exist anymore, is there? It’s still a regional rail and air hub, but pretty much everything else can move to cheaper, safer, and more honest places.
He’s a Marxist, of course he’s bad for business.
(Chicago’s new Mayor Brandon Johnson is already bad for business)
Let’s go Brandon!!!
😜😜😜😂😂
Keep voting Democrats in, idiots!
Maybe it will work the next time.
Or the time after that.
Or the time after that.
Or..... never.
🙄🙄🙄
I love that meme!
That poor Nascar reporter will never live down that moment.
The left never throws one of their own under the bus unless they have someone worse to replace them with.
Heh that’s what she gets for telling that lie to cover for Joe 😜
I predict Johnson will go ahead with his plan, regardless of the consequences. Why? Because he is the tool of the Chicago Teachers Union. The CTU is a bunch of Marxists who could not care less about Chicago or their students. They are just interested in power and getting their way, even if that means turning Chicago into Detroit — or worse.
That poor NASCAR reporter accomplished her goal. That was the last time FJB was chanted in a stadium.
If they drive the CME and other businesses out of the city, Chicago will become Detroit with a better lake view.
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