Chicago’s Mayor will 100% for sure raise taxes and where will those taxes come from ?? The remaining wealthy and middle class will be forced to pay.
The CME is located in Chicago and has been for decades, it was unthinkable for them to move out taking their jobs and wealth with them.
I predict the CME will move out of Chicago, it may remain in name only but the jobs and wealth will be gone.
The head of the CME has already stated they will leave if the current Mayor institutes a transaction on CME trades, the Mayor will eventually do exactly that because that’s where the money is.
Here’s an article about Chicago and the CME.
https://www.foxbusiness.com/politics/ceo-chicago-city-bad-business-policies
I could imagine that a change in "residency" could happen darn near overnight, should the Chicago socialists push too far too fast. I wager these socialists are not really and fully up to the "Chicago way" if it became a clear matter of "redistribution" in the Marxist manner.
California and New York are finding their reliance on super-rich paying through the nose is motivating said taxpayers to change residence at a pace startling to many who always thought the game could be played "forever."
CME residency changing is becoming a matter of "click."