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Millionaires are leaving Chicago, report says
Chicago Tribune ^ | 4/4/16 | Becky Yerak

Posted on 04/07/2016 4:15:38 AM PDT by markomalley

Millionaires are leaving Chicago more than any other city in the United States on a net basis, according to a new report.

About 3,000 individuals with net assets of $1 million or more, not including their primary residence, moved from the city last year, with many citing rising racial tensions and worries about crime as factors in the decision, according to research firm New World Wealth. That represented about 2 percent of the city's high net worth individuals.

Cities in the United States that saw a net inflow of millionaires included Seattle and San Francisco.

Chicago was among four cities worldwide with the biggest flight of millionaires.

(Excerpt) Read more at chicagotribune.com ...


TOPICS: US: Illinois
KEYWORDS:
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1 posted on 04/07/2016 4:15:38 AM PDT by markomalley
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To: markomalley

Happening here in NJ as well, though “racial tensions” aren’t the issue (the millionaires live nowhere near them and never see them). Taxes are chasing them out, and I wouldn’t be surprised if that played an unreported role in Chicago as well.


2 posted on 04/07/2016 4:18:37 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: kearnyirish2
Paris number 1

Murders up

Taxes up

3 posted on 04/07/2016 4:23:21 AM PDT by scooby321
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To: markomalley
Millionaires are leaving Chicago more than any other city in the United States on a net basis, according to a new report.

Lousy topic sentence. What does that even mean?

Yes, I know I could probably find out by reading the article, but one shouldn't have to dig out a translation of the opening sentence.

4 posted on 04/07/2016 4:27:01 AM PDT by Tax-chick ("The world is full of wonder, but you see it only if you look." ~NicknamedBob)
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To: markomalley

Assets more than a million bucks?

Pshaw! You have to have ten million to be rich these days....


5 posted on 04/07/2016 4:42:31 AM PDT by Jack Hammer (uff said.)
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To: kearnyirish2

Most probably set up condo homes in the Caribbean and fly into Chicago once or twice a month to conduct business.


6 posted on 04/07/2016 4:42:54 AM PDT by pepsionice
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To: markomalley

At least they can find comfort in knowing their votes will carry on for decades.


7 posted on 04/07/2016 4:53:24 AM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: markomalley

Another one bites the dust! Thanks to liberalism.


8 posted on 04/07/2016 4:59:17 AM PDT by FrankR (You're only enslaved to the extent of the charity that you receive!)
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To: markomalley

The Pritzkers will stay. They’ll take all the leavings.


9 posted on 04/07/2016 5:00:44 AM PDT by batterycommander
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To: Jack Hammer

I have 25 cents in one bank account and 1.61 in another till my next paycheck.

What category am I in :)

The wife has a couple hundred grand in 401k and more accessible funds.

Guess i’m not going anywhere. Getting back on my feet after many years home sick and working again full time.

Those accounts will be up to 100 bucks in no time!!


10 posted on 04/07/2016 5:07:01 AM PDT by dp0622 (The only thing an upper crust conservative hates more than a liberal is a middle class conservative)
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To: markomalley
Millionaires are leaving Chicago, report says

Feet first?

11 posted on 04/07/2016 5:08:34 AM PDT by DungeonMaster (the devil walks about like a roaring lion, seeking whom he may devour.)
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To: markomalley

If they leave Chicago and keep voting Dumbocrat in somewhere like Texas or the Carolinas, they should then have their assets frozen and made to live in North Korea for two years.


12 posted on 04/07/2016 5:10:08 AM PDT by OttawaFreeper ("You'd see a different game if nobody wore a helmet". NY Rangers' Barry Beck 1983)
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To: OttawaFreeper
It's what north Jersey and New Yorkers made of Florida.

It's awful now in both places.

13 posted on 04/07/2016 5:19:10 AM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: blackdog

Florida ain’t the only place.

Phoenix is completely Californicated and it is spreading through out the state.


14 posted on 04/07/2016 5:29:10 AM PDT by Tupelo (we vote - THEY decide.)
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To: markomalley

It’s amazing what Obama and his buddy Rahm have done for their hometown.


15 posted on 04/07/2016 5:33:39 AM PDT by Moonman62 (Make America Great Again!)
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To: Tupelo

East Charlotte NC, Raleigh Durham, Fort Mill SC, San Antonio, to name a few more.


16 posted on 04/07/2016 5:36:50 AM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: markomalley

This is the problem....these people vote this twisted world view into being.....then cannot connect the dots on their own consequences......become horrified at the world that they created around them.....move elsewhere that looks desirable.....bring their values with them and continue to vote their twisted world view........therefore further infecting a new environment.........they are a ‘Blue Ebola Epidemic’....each person a world-view-carrying-virus with a million dollars.


17 posted on 04/07/2016 5:57:15 AM PDT by Be Careful
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To: markomalley
I have read that money is flowing out of France, and now Chicago.....wonder if millionaires isn't code for people of the Jewish faith...
18 posted on 04/07/2016 6:13:44 AM PDT by B212
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To: OttawaFreeper

“somewhere like Texas or the Carolinas”

This is Carolina. That other place is South Carolina. Know the difference.


19 posted on 04/07/2016 7:33:47 AM PDT by rhoda_penmark
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To: markomalley

Another liberal hell hole being left to decay?


20 posted on 04/07/2016 7:36:00 AM PDT by tioga
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