Lightfoot Increasing Taxes Despite Mass Exodus of Chicagoans
Chicago has deteriorated like never before. Chicago murder rates are increasing every month to set new records. The crime rate is out of control. Chicago is ranked as the highest-taxed city in the nation. Despite having the highest tax rate in the U.S., the city is on the verge of bankruptcy. Other cities are prospering.
Chicago Home Prices Increases Despite Unrest in the City
Hundreds of Black Lives Matter rioters turned on Lori Lightfoot. Rioters gathered at Lightfoot’s home in Chicago’s Logan Square neighborhood. Lightfoot ordered over 100 Chicago police officers to be detailed to protect her home. The combination of incompetent far-left liberal politicians, corruption, high taxes, high crime rates, rioting, and anti-police mentality creates a mass exodus of Chicagoans and small business owners to the suburbs.
Lightfoot Increasing Taxes Backfiring
Recent data and poll numbers show that most Chicagoans are unhappy with Mayor Lori Lightfoot’s first term as Chicago’s chief executive. Individual taxpayers are unhappy with the Mayor, and small business owners threaten to leave Chicago for the suburbs and other lower-taxed states.
The city has the nation’s highest tax rate but is broke. Incompetence, financial irresponsibility, corruption, a broken pension system, patronage hiring, high murder rates, crime rates, violent rioting, and a Mayor who has no clue about running city government are the key reasons why Chicago is so messed up. Due to high taxes,
Chicagoans and small business owners have steadily fled the city. News of Lightfoot increasing taxes is accelerating the exodus of Chicagoans and businesses.
Lightfoot Increasing Taxes And Not Cutting Spending
The city has not just been raising taxes but has been spending money like there is no tomorrow. Lightfoot and city leaders are clueless and lost in financial management.
Now they are so broke with mounting deficits they are planning on laying off city workers, which never happened. A city job was always considered rock solid and secure.
Thousands of stores and businesses are considering leaving the city due to violent rioting. Chicago business owners were struggling to reopen after the coronavirus outbreak to now fact the riot violence and looting.
Lightfoot Increasing Taxes During an Economic Crisis Will Backfire On The Mayor
The Mayor should realize that raising taxes during these economic times would mean a death sentence for Chicagoans. However, she said she has no option but to raise property and other taxes to keep the city running.
Like many other U.S. cities, the city faces a budget shortfall due to a shortage of revenues from the coronavirus pandemic business shutdown. However, Chicago is suffering more than other cities due to being at a huge deficit before the pandemic, where other states had hefty reserves.
The city is facing a $700 million budget shortfall. The Mayor seems to be robbing Peter to pay Paul. Mayor Lori Lightfoot also announced a $10 million commitment from the city to help businesses damaged by the riots last week at the Magnificent Mile. Over 100 rioters were arrested, and 13 police officers were hurt and must be transported to hospitals. Lightfoot has been pro-protest and pro-BLM and ordered no arrests of protesters. These protests turned into riots, including in her Logan Square neighborhood.
Crime In Chicago Skyrocketing Like Never Before Due To Incompetent Politicians
Chicago has always had the highest murder rate in the nation. Chicago also has the highest crime rate in the country. However, over 70% of the violent crimes and murders in Chicago are in the South Side and West Sides.
In recent months, violent crime has spread to safe areas of the city like the Loop, Gold Coast, and North Side, where traditionally hardly had violent crimes and murder. Many shoppers of the Magnificent Mile said they do not plan to shop there anymore and rather travel 15 miles to the suburbs.
Another reason Chicago’s violent crime rate is expected to increase is that George Soros sponsored Cook County State’s Attorney Kim Foxx as anti-police. Foxx has recently released 25,000 inmates convicted of felonies due to the coronavirus outbreak. Foxx has ordered all her prosecutors to release all inmates arrested for protests. Chicago Police Superintendent David Brown, law enforcement leaders, and many local, state, and national crime experts are criticizing Kim Foxx.
