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RE: LeoThread 2025-11-11 03-09

in LeoFinance2 days ago

Part 4/11:

Last year, Johnson proposed a $300 million property tax increase, a promise made during his campaign that he later had to abandon due to overwhelming opposition. Instead, he now hints at seeking "progressive revenue" through other measures, which critics interpret as a euphemism for raising taxes on the wealthy. Yet, this approach risks pushing high-income residents and major companies to leave Chicago, especially when comparable cities—such as Florida, Texas, and Idaho—offer lower tax burdens.

Potential Consequences: Economic Migration and Fiscal Evasion