What Boeing, Caterpillar and Citadel's Exit From Illinois Means for the State | WSJ

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  • เผยแพร่เมื่อ 23 ธ.ค. 2024

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  • @alpang6161
    @alpang6161 2 ปีที่แล้ว +149

    Don't forget Illinois going through a pension debt crisis. When so much of the tax revenue goes to paying off government employees' pensions, it's no wonder why people want to leave. If people don't want to be in Chicago, neither do the companies.

    • @bravocharlie639
      @bravocharlie639 2 ปีที่แล้ว

      The State Pensions were managed by the same Wall Street scum that gave us the Housing Bubble and Dot Com Crashes. If youre trying to give crooks a pass and shift the blame elsewhere then MAYBE you should stick to your Pokêmon, Super Mario, Yanni "Music" (literally people, I'm not making any of that up) and leave the thinking to people who can.

    • @republicunited2183
      @republicunited2183 2 ปีที่แล้ว +12

      Illegals and welfare too!

    • @mf--
      @mf-- 2 ปีที่แล้ว +10

      @@republicunited2183 poor people are not the problem dude

    • @alfredoalcantar8691
      @alfredoalcantar8691 2 ปีที่แล้ว +4

      @@mf-- yes it is

  • @jackvphoenix8493
    @jackvphoenix8493 2 ปีที่แล้ว +423

    Chicago should try to attract a body armor manufacturer. That company would be very close to its market.

    • @JohnS-il1dr
      @JohnS-il1dr 2 ปีที่แล้ว +23

      Camping gear manufacturers as well would flourish there

    • @internetpointsbank
      @internetpointsbank 2 ปีที่แล้ว +17

      And 30” rim stores, more check cashing locations, and liquor stores.

    • @tira2145
      @tira2145 2 ปีที่แล้ว +22

      Casket company would do well there, especially for young kids.

    • @bvkronenberg6786
      @bvkronenberg6786 2 ปีที่แล้ว +19

      Body bags and toe tags manufacturer…. good business in Chicago.

    • @MrAbeAllen
      @MrAbeAllen 2 ปีที่แล้ว +8

      great opportunity for contractors willing to gather votes and make sure Beetlejuice remains mayor.

  • @fromthepew9860
    @fromthepew9860 2 ปีที่แล้ว +429

    Illinois politicians still have their heads up their rears. We moved out in 2007. Best decision of our lives.

    • @manofculture8026
      @manofculture8026 2 ปีที่แล้ว

      Which state did you move to?

    • @fromthepew9860
      @fromthepew9860 2 ปีที่แล้ว +14

      @@manofculture8026 SC

    • @dutchberry
      @dutchberry 2 ปีที่แล้ว +32

      Who wants to have a business in Chiraq?

    • @BlownMacTruck
      @BlownMacTruck 2 ปีที่แล้ว +29

      @@dutchberry Anyone who calls it “CHiRaQ” doesn’t actually know anything about the city and only parrots mindless talking points.

    • @dutchberry
      @dutchberry 2 ปีที่แล้ว +41

      @@BlownMacTruck nope wrong. I used to live in Chiraq. That is how I know.

  • @Jonny_O
    @Jonny_O 2 ปีที่แล้ว +239

    Cities like Chicago became what they are because they attracted large amounts of people looking for a better life. But more and more people are realizing that better things await them elsewhere. Illinois' political leadership refuses to acknowledge the problem, let alone propose any solutions for it. For locals who pay attention to such things, this isn't really a surprise- they haven't been capable of any meaningful problem-solving for a few decades now. The results of their ineptitude are now hitting home. Literally.

    • @MarxAlex
      @MarxAlex 2 ปีที่แล้ว +19

      They also tax your residence to the moon as far as I have seen.

    • @WayneTheSeine
      @WayneTheSeine 2 ปีที่แล้ว +7

      You did that eloquently without using the D word. :P

    • @the3idiots14
      @the3idiots14 2 ปีที่แล้ว +15

      @@MarxAlex So does Texas with one of the heaviest property taxes in the country.

    • @77Treasurehunter77
      @77Treasurehunter77 2 ปีที่แล้ว +15

      @@the3idiots14 right but the last time i checked......they had no income tax. So the point is to get people to work and then if you do well and can afford a property you pay it back.
      Way more logical because it doesnt put stress on the poor or middle class to just work. You can still rent and not pay property tax.
      So again yoir argument falls flat quick.

    • @bravocharlie639
      @bravocharlie639 2 ปีที่แล้ว +12

      Corporations wrap themselves in the US Flag while they pursue always INCREASING profits because Stock Options are how the executives pay themselves now (I'm just an engineer but one start-up company awarded me 40,000 Stock Options - keep that in mind next time tney sell you on the idea that you're "equal"). Corporate Executives aren't even interested in making sure to stay connected with their products and their Workers, either because of this -> 2:20 (and Boeing's similar example mere seconds before) OR because these "super patriotic" turds never hesitate to pursue lower costs, even when it means giving the middle finger to that "Cold War" we fought for so long by shipping jobs to China.

  • @StephenGillie
    @StephenGillie 2 ปีที่แล้ว +100

    How many times has Boeing moved? I'm starting to think they make more money from kickbacks from moving than from selling airplanes.

    • @spacetoast7783
      @spacetoast7783 2 ปีที่แล้ว

      They rely on welfare from the government to compete.

    • @iheartlreoy8134
      @iheartlreoy8134 ปีที่แล้ว +12

      exactly im getting sick of hearing about the poor little multi million dollar companies who had no choice but to go to a red city where their employees cant afford healthcare

    • @jacknimble4584
      @jacknimble4584 ปีที่แล้ว +2

      Oh don't worry Chicago!!! All these companies will be replaced by companies like Canopy Growth, Cronos, Aurora Cannabis and will not only survive but thrive. They'll be very close to their target market and won't have to spend all those extra dollars on shipping and forwarding.

    • @ISpitHotFiyaa
      @ISpitHotFiyaa ปีที่แล้ว +1

      Just twice but they don't really move. It's just the CEO and his cronies. A few hundred people in a corporation that employs 150000. The Chicago move was mostly about tax incentives. I wouldn't doubt that the DC move is partly about that too.

  • @dixonpinfold2582
    @dixonpinfold2582 2 ปีที่แล้ว +311

    I can tell you what happened to Montreal: For centuries it was the leading city of Canada, then in the 70s separatism and associated violence arose. Corporate headquarters started moving to Toronto; long-term decline began. It lost investment, many skilled people, and most of its international prestige. Montreal formerly had a larger population; now it's 4.3 million, Toronto's is nearing 7m. Older people vividly remember a glittering and booming Montreal. Now Toronto is markedly more prosperous.

    • @floxy20
      @floxy20 2 ปีที่แล้ว +21

      Now Toronto has more skyscrapers than Chicago. How ironic.

    • @brentbeacham9691
      @brentbeacham9691 2 ปีที่แล้ว +17

      Toronto is just Beijing west.

    • @dixonpinfold2582
      @dixonpinfold2582 2 ปีที่แล้ว +16

      @@floxy20 No it doesn't. Chicago has around twice as many (over 150 m tall), and they're taller besides. Also, your grasp of the word 'irony' is highly questionable.

    • @dixonpinfold2582
      @dixonpinfold2582 2 ปีที่แล้ว +8

      @@Theactualstoic Good idea. Worldwide, according to the Council on Tall Buildings, the four cities rank like this: NYC 3rd, Chicago 10th, Toronto 20th, Boston 63rd. (Toronto 3rd in North America; CN Tower excluded in their ranking system.) Calgary is the next Canadian city, 73rd in the world.

    • @MarksmanSpecialist
      @MarksmanSpecialist 2 ปีที่แล้ว

      ah now i know, was visiting there recently,

  • @goingmyway1071
    @goingmyway1071 2 ปีที่แล้ว +54

    Citizens can tolerate a lot,
    But city and State govts that allow rampant crime in their streets that threatens the families of the corporations who pay taxes there,… will never be drawing in or keeping them from leaving…

  • @BrownEyedGirl331
    @BrownEyedGirl331 ปีที่แล้ว +8

    Left Illinois years ago, taxes were outrageous for no services and the weather is the worst, we would never return there.

  • @Chitownprince83
    @Chitownprince83 2 ปีที่แล้ว +419

    I moved out of Chicago 5 years ago due to the increase in crime, increase in property taxes and extremely bad politics. I was born and raised there and I just go back to visit every so often.

    • @droiddrei
      @droiddrei 2 ปีที่แล้ว +27

      I still live here and 5 years ago Chicago was decent. It's gotten much worse. I moved 3 times in two years. The last place I lived reduced it's police force and hired community service officers 🤣. It's a joke, crime is going up everywhere and JB just got rid of the cash bail. I need to move out of this state entirely before things get worse.

    • @1chart
      @1chart 2 ปีที่แล้ว +9

      I grew up in oak park and have bailed ill.I was in the south loop and could not believe how dead it was.trading business is gone.and this was before the pandemic

    • @TheSaikou96
      @TheSaikou96 2 ปีที่แล้ว +1

      5 years ago? Increase? LOL
      5 years ago nothing was going on 😂 what are you talking about

    • @waterbottles4744
      @waterbottles4744 2 ปีที่แล้ว +4

      Exactly, you made the 100% correct decision. Same. Not the same city we grew up in and keeps getting worse.

    • @petithor
      @petithor 2 ปีที่แล้ว +5

      yeah because texas crimes and politics are definitely perfect. Dont put your kids in a school tho

  • @guycocoa211
    @guycocoa211 2 ปีที่แล้ว +102

    During my senior year at the U of I in Champaign recruiters asked me where I wanted to live and I responded, “Anywhere but Chicago.” (where I grew up) Glad I made that choice. I haven’t looked back.

    • @kathyb8540
      @kathyb8540 4 หลายเดือนก่อน

      I was born in Chicago on the North shore. We lived there until I was twelve. Daddy and mama decided to move back home to Tennessee and I'm so thankful they did.

  • @randyboisa6367
    @randyboisa6367 2 ปีที่แล้ว +83

    Same reason Elon Musk left California, Democratic run states with major taxes and regulations.

    • @mikea5745
      @mikea5745 2 ปีที่แล้ว +7

      Democratic run states benefit the average person. Makes perfect sense that billionaires and multi-billion dollar companies would want to leave for states that benefit them more. Not to mention everyone flocked to California, Illinois, or New York over the past 50 years. Too many people in those states made it incredibly expensive to live there

    • @Huppy1234567
      @Huppy1234567 2 ปีที่แล้ว

      @@mikea5745 no they don’t help the average person. Democrats only help poor people by just giving handouts. At the end of the day it’s the middle class who gets screwed from inflation, rising cost of housing, and high crime. Remember, someone who isn’t earning minimum wage doesn’t have their wage adjusted everytime democrats want to raise the minimum wage a dollar hence middle class wages stay the same or take slower to adjust since no law exist to mandate that.

    • @jacknimble4584
      @jacknimble4584 ปีที่แล้ว

      @@mikea5745 - Absolutely agree. These are the only states not facing any inflation like the rest of the country. If you need gas or food just steal it, if you want to start a small business Walgreens is the place to source your products from just ensure that the total price tab is below $900 and avoid the payment counter. If we could get a couple more losers to move to these states it would be mission accomplished.

    • @cargopilotguy305
      @cargopilotguy305 ปีที่แล้ว +5

      @@mikea5745how do they benefit the average person? by releasing violent criminals and passing unconstitutional gun bans? By raising taxes on them?

  • @waterbottles4744
    @waterbottles4744 2 ปีที่แล้ว +162

    I loved living in Chicago as a kid. But cannot see myself living there again. Too dangerous, bad weather, pensions, politics stink, Ponzi scheme taxes. Couldn't stomach moving back. Great to visit for a bit though.

    • @larryharris1370
      @larryharris1370 2 ปีที่แล้ว +2

      Agree

    • @anniesshenanigans3815
      @anniesshenanigans3815 2 ปีที่แล้ว +4

      what does "ponzi scheme taxes "mean? I am not being a smartass, I am truly curious.

    • @mintheman7
      @mintheman7 2 ปีที่แล้ว +3

      @@anniesshenanigans3815 Overblown pensions if government employees that have to be paid by constant new taxes

    • @waterbottles4744
      @waterbottles4744 2 ปีที่แล้ว

      @@anniesshenanigans3815 Every year, more people leave the State and the politicians raise the taxes to make up for the loss of its citizens. Only trick it has up its sleeve. How else can they pay all those promised pensions?

    • @waterbottles4744
      @waterbottles4744 2 ปีที่แล้ว +1

      @@mintheman7 And higher taxes each year to make up for people leaving the State. So sad right?

  • @cliffmorgan31
    @cliffmorgan31 2 ปีที่แล้ว +229

    Boeing has messed up a LOT since moving headquarters from Seattle to Chicago….
    Becoming fiercely adversarial with their unions, both engineering and hands on builders of the planes has caused a lot of self inflicted major problems. Pebble in the pond analogy.
    Boeing also off-shored a lot of their engineering to Russia, India, and other foreign locations, which was penny wise and pound foolish!
    Let’s hope they can gain some real world perspective before it is too late!

    • @jarigustafsson7620
      @jarigustafsson7620 2 ปีที่แล้ว +18

      Boeing should had returned to Seattle.

    • @brentbeacham9691
      @brentbeacham9691 2 ปีที่แล้ว

      Boeing is a monopoly and should be broken up.

    • @tonywalters7298
      @tonywalters7298 2 ปีที่แล้ว +6

      @@jarigustafsson7620 as a defence contractor, it would make sense to be near the pentagon

    • @johnames6430
      @johnames6430 2 ปีที่แล้ว +31

      it's nice to know my plane's software was written by a guy in india working for 5 rupees, nothing instills confidence in a passenger more than that

    • @cliffmorgan31
      @cliffmorgan31 2 ปีที่แล้ว +4

      Tony Walters -
      Maybe they are choosing to emphasize defense contracts, and are putting their Commercial Airplane business on a (way) back burner….?

  • @susanarjona3599
    @susanarjona3599 2 ปีที่แล้ว +42

    Say thanks to the politicians who are as guilty as the voters who brought them to power. If voters want to continue they path to poverty, continue voting for that type of politicians

  • @panama-canada
    @panama-canada 2 ปีที่แล้ว +113

    With people working remotely now, it makes sense to move the office address to the most beneficial place from taxation and other perspectives.

    • @Cristobol
      @Cristobol 2 ปีที่แล้ว +5

      @@dm7uy Washington State doesn’t have an income tax and they seem to be a bit more blue.

    • @stapleman007
      @stapleman007 2 ปีที่แล้ว +10

      Working Remotely has a shelf life. Can't replace real people being around other real people in person to get things done.

    • @alieng9989
      @alieng9989 2 ปีที่แล้ว +3

      @@stapleman007 you don’t know what your talking about.

    • @bcubed72
      @bcubed72 2 ปีที่แล้ว +4

      [Customer] My toliet is clogged!
      [Plumber] Well, text me a photo of it.

    • @rjake61
      @rjake61 2 ปีที่แล้ว +2

      Wait until the strategic reserve runs dry and gas prices go to 7 or 8 bucks a gallon…

  • @farticlesofconflatulation
    @farticlesofconflatulation 2 ปีที่แล้ว +46

    From blue state to red state. Why am I not surprised?

    • @neckenwiler
      @neckenwiler 2 ปีที่แล้ว +1

      Virginia is a blue state. Florida and Texas, of course, are not.

    • @adamhauskins6407
      @adamhauskins6407 2 ปีที่แล้ว +5

      @@neckenwiler Virginia is technically purple

  • @jg-xx8oh
    @jg-xx8oh 2 ปีที่แล้ว +30

    The mayor is a embarrassment to the city the crime ,the cost to do business lol California and New York and many others are also doing the same.

  • @assertivekarma1909
    @assertivekarma1909 2 ปีที่แล้ว +151

    Corrupt tax arrangements & race to the bottom in corporate responsibility is not the answer.

    • @longhaulblue1145
      @longhaulblue1145 2 ปีที่แล้ว +1

      Climate change will change all this.

    • @nikhilpanicker8428
      @nikhilpanicker8428 2 ปีที่แล้ว

      Or progressive politicians could stop ruining cities

    • @jamesmitch9792
      @jamesmitch9792 2 ปีที่แล้ว +11

      that's called neoliberalism
      ak extortion

    • @assertivekarma1909
      @assertivekarma1909 2 ปีที่แล้ว +8

      @@nikhilpanicker8428 I agree with that also, both extremes hurt the average responsible citizen in favour of greedy corporations, that might not have much allegiance to America or the locality, or to coddling antisocial degenerates & fanciful notions of human behavior.

    • @farzana6676
      @farzana6676 2 ปีที่แล้ว

      @@assertivekarma1909 Lol, as though leftists have any loyalty or allegiance to America.

  • @-.TS.-
    @-.TS.- 2 ปีที่แล้ว +64

    Individuals are moving out of Illinois too. Bad weather, high crime, unreasonable taxes, corruption and segregation. Very little reason to stay.

    • @FreewayBrent
      @FreewayBrent 2 ปีที่แล้ว +1

      Chicago is a great city all things considered, but the weather is an absolute deal-breaker for me. More of a place to visit for the weather alone.

    • @jessie844
      @jessie844 2 ปีที่แล้ว

      Excuse me am form California and unresonable taxes is what we are known form

    • @raybod1775
      @raybod1775 2 ปีที่แล้ว +2

      Texas is freaking hot.

    • @OneNewHope
      @OneNewHope 2 ปีที่แล้ว +8

      Illinois crime is pretty average actually. Chicago has high crime, but it's not even in the top ten cities with the most violent crime in the US anymore. Property taxes are high, but income tax is low, and the income to cost of living ratio is actually great

    • @farticlesofconflatulation
      @farticlesofconflatulation 2 ปีที่แล้ว +2

      @@raybod1775 out of the snow bank and into the sauna.

  • @mack-uv6gn
    @mack-uv6gn 2 ปีที่แล้ว +124

    Cat is moving their headquarters for now but I think everything will go eventually.

    • @dixonpinfold2582
      @dixonpinfold2582 2 ปีที่แล้ว +13

      Detroit will soon have a sister city.

    • @mack-uv6gn
      @mack-uv6gn 2 ปีที่แล้ว +10

      Long shot, Chicago is light years ahead of Detroit

    • @dasikakn
      @dasikakn 2 ปีที่แล้ว

      These execs make all these decisions and once they move, will soon find that the local talent pool is subpar. They’re all interested in supporting insurrections and restricting personal rights and freedoms more than getting any work done. Pretty soon it stalls growth in the new area and it’s all back to basics. Companies like Oracle and Tesla moved to Texas and we can see it didn’t work as well they’d hoped.

    • @_Chicagosfinest
      @_Chicagosfinest 2 ปีที่แล้ว +3

      Detroit is compared to Stockton California…. Not Chicago

    • @dixonpinfold2582
      @dixonpinfold2582 2 ปีที่แล้ว +4

      @@_Chicagosfinest Fair point. I let my grief carry me away.

  • @linzierogers5024
    @linzierogers5024 2 ปีที่แล้ว +176

    They are going where they can get a better deal. It is about money and those with it tend to want more of it. They go where they can fatten their bottom lines. Political? You bet. But if you're the head of a city, state, or even a federal official you have to play the game in your court or have it moved to another court.

    • @quantcook
      @quantcook 2 ปีที่แล้ว +7

      So why no major ones moving in then ,

    • @Myanmartiger921
      @Myanmartiger921 2 ปีที่แล้ว +8

      @@quantcook agree google is a small bakery

    • @Now_lets_get_this_straight
      @Now_lets_get_this_straight 2 ปีที่แล้ว

      Then if they got money, and they want more, then you should buy some stock, because that’s who gets it. Or do you think they should give it to the politicians!

    • @richctv
      @richctv 2 ปีที่แล้ว +10

      Yes, its all about money and Chicago wrings every dime out of them just like California does. City Bureaucrats drafting anti business regulations and taxes to hopelessly patch and balance their overspent budgets. Yes, its all about money and Chicago will just set its new regulations and taxes on those business remaining.

    • @linzierogers5024
      @linzierogers5024 2 ปีที่แล้ว +1

      @@quantcook Reread my post. You have answered your own question.

  • @connormichelleotoole5774
    @connormichelleotoole5774 2 ปีที่แล้ว +198

    Leaving Illinois was the best decision I’ve ever made.

    • @TheBandit7613
      @TheBandit7613 2 ปีที่แล้ว +1

      Me too. I'll never look back.

    • @aabbccdd320
      @aabbccdd320 2 ปีที่แล้ว +2

      why don't you want to live in a city where police is being defunded?

    • @glorymanheretosleep
      @glorymanheretosleep 2 ปีที่แล้ว

      Where did you move?

    • @mjones329
      @mjones329 2 ปีที่แล้ว +1

      Amen brother! The taxes were eating me alive. The crime was pretty scary too.

    • @hectorcardenas2171
      @hectorcardenas2171 2 ปีที่แล้ว

      Why? Do you own a business? Only that way it would make sense

  • @potato2941
    @potato2941 2 ปีที่แล้ว +71

    What everyone misses is in Illinois state constitution, pension payment is guaranteed. So unless they remove that, taxes are going to even get worse because of 30 years of fiscal irresponsibility.

    • @sct4040
      @sct4040 2 ปีที่แล้ว +5

      Why shouldn’t pension be guaranteed? It’s the human thing to do.

    • @doggo6517
      @doggo6517 2 ปีที่แล้ว

      @@sct4040 Taxation is theft. You can't steal infinite money and call it compassion.

    • @microchip470
      @microchip470 2 ปีที่แล้ว +16

      @@sct4040 Because it's financially unsustainable. The Illinois Constitution needs to be amended to provide any material pension reform.

    • @brunopadovani7347
      @brunopadovani7347 2 ปีที่แล้ว +11

      Correct. And if you live there, you are on the HOOK for paying it. Get out while you can. All businesses and high wage earners tha can leave should, leaving the state with a reduced tax base to pay rapidly esca lating pension and social services costs. The sooner the city's and state's defaults are forced, the better it will be, because the longer it takes, the deeper the holes will be.

    • @brunopadovani7347
      @brunopadovani7347 2 ปีที่แล้ว +6

      @@sct4040 Because they got those bloated pensions by striking.

  • @morningglory8841
    @morningglory8841 2 ปีที่แล้ว +36

    Actually from 1976 to 1981 I work there, after the 80s they went from like 15,000 employees to I don’t know like 5000 they closed tons of buildings in East Peoria Illinois because I used to work in them so they’ve been leaving Illinois for a very long time. My father worked there 30 years but he died in 1982,

    • @poppinc8145
      @poppinc8145 ปีที่แล้ว

      Nobody knows what company you're talking about...

  • @hippocleides7105
    @hippocleides7105 2 ปีที่แล้ว +21

    Boeing is a dying company. Moving to Virginia only confirms what we already knew-lobbyists and lawyers are still firmly in charge, and salesmen in charge of a company don't know how to make a plane, or cut costs in safe ways. The fewer engineers are in charge, the worse engineering firms perform.

    • @Embargoman
      @Embargoman 2 ปีที่แล้ว +2

      Yes, it seems like it sooner or later the firm that makes the safest planes in the world will have their headquarters in Tokyo and it is not Boeing.

  • @malcolmshvac6692
    @malcolmshvac6692 2 ปีที่แล้ว +43

    From a blue state to a red state it's like people are trying to tell you something

    • @ronnieking3848
      @ronnieking3848 2 ปีที่แล้ว +5

      Yes, like there's no state tax in Texas.

    • @nacoran
      @nacoran 2 ปีที่แล้ว

      Red states attract companies the same way foreign countries do... cheap, low skilled labor and lax environmental regulations. Heaven forbid a state invest in it's people having decent standards of living.

    • @MrAronymous
      @MrAronymous 2 ปีที่แล้ว

      Yes companies prefer low taxes and limited government interference so they can treat their employees like trash. What else is new.

    • @levismith7444
      @levismith7444 ปีที่แล้ว

      They won’t be red states for long if this trend continues

  • @Saltlick11
    @Saltlick11 2 ปีที่แล้ว +26

    Boeing only had Executive offices there, which was minimal. Rumors are they originally moved there because Stonecipher had a mistress in Chicago. Also, I think the Congressional Procurement was led by Illinois Representatives back then too, not sure. Current rumors are that Calhoun is literally running Boeing from his East Coast Lakehouse, which seems rather odd, but apparently true. The fact they are moving to DC tells me they are gradually sliding toward Defense procurement from Civil and may have lost their confidence and courage to build commercial airliners in the future. Boeing needs to return it's Executive team to the standard it had pre-MD.

  • @eprofessio
    @eprofessio 2 ปีที่แล้ว +30

    The second I spoke to laurie Lightfoot, I would mentally and immediately start making plans to move my organization.

    • @wolfy1987
      @wolfy1987 ปีที่แล้ว +1

      I'm amazed that woman is still in office

  • @patl4668
    @patl4668 2 ปีที่แล้ว +40

    We live and Chicago and can’t wait to move out too. Too much crimes, too many crooked politicians a no too much taxes.

    • @Troy_Built
      @Troy_Built 2 ปีที่แล้ว +3

      Most of the people I know in Illinois are either leaving or wish they were.

    • @rogerdodger8415
      @rogerdodger8415 2 ปีที่แล้ว +2

      Are you going to keep voting for Democrats?

    • @simba8665
      @simba8665 2 ปีที่แล้ว

      @@rogerdodger8415 who cares about votes lol, even if you change the political landscape, crime is not just gonna magically stop. That takes years or even decades to self correct. Better make a decision based on your personal needs, what u see right now, politicians are not gonna save u

    • @glorymanheretosleep
      @glorymanheretosleep 2 ปีที่แล้ว +3

      With your grammar I don't believe the democrats will notice you moving out.

    • @999Patriots
      @999Patriots 2 ปีที่แล้ว

      Kill-inois

  • @pablobenz7734
    @pablobenz7734 2 ปีที่แล้ว +62

    A business is a business, however most people move out because they cannot afford to live here . Personally I haven’t experienced the crime everyone talks about, however I believe that more can be done.

    • @OneNewHope
      @OneNewHope 2 ปีที่แล้ว +15

      Chicago is one of the cheapest major cities in the US, I actually moved back to Chicago because my pay dramatically increased and my housing went way down compared to Tampa

    • @waterbottles4744
      @waterbottles4744 2 ปีที่แล้ว +3

      @@OneNewHope Would never move back to Chicago. Its depressing on top of everything else. A great place to visit only. Best of luck.

    • @glarusboi
      @glarusboi 2 ปีที่แล้ว

      The people who talk about Chicago crime are mainly proud whites who are searching for code words to say Black people are bad. I live in Chicago. Crime def is up but no different from anywhere else statistically.

    • @ITSCG
      @ITSCG 2 ปีที่แล้ว +1

      @@waterbottles4744 and Chicago doesn’t miss you either, best skyline in the world that isn’t depressing to see! it has countless events and a great nightlife, its far from perfect but y’all need to stop with the Chicago slander. Most people you see being killed are gang members that you will never encounter if you’re in anyway street smart.

    • @waterbottles4744
      @waterbottles4744 2 ปีที่แล้ว +7

      ​@@ITSCG Good. Glad to hear. Great skyline at what price? Harsh winters, insane taxes, one of the most dangerous cities in the World, passive aggressive people. Yeah I'm so street smart I moved to a safer city with great weather and an amazing quality of life. Guess what? I can legally defend myself as well. Glad I won't be the last one to turn the lights out. Beautiful skyline doesn't make up for all the bs and stress. Happy to be around happy people.

  • @meejinhuang
    @meejinhuang 2 ปีที่แล้ว +27

    Good. Eventually the voters in Illinois will realize their mistakes.

    • @timothykeith1367
      @timothykeith1367 2 ปีที่แล้ว +4

      The public worker's pensions are a big part of the problem.

    • @JohnS-il1dr
      @JohnS-il1dr 2 ปีที่แล้ว

      No they won't. They will keep voting people like Lori Lightfoot in because her melanin

    • @jayjaynella4539
      @jayjaynella4539 2 ปีที่แล้ว +1

      No the voters will not realize their mistakes. Will vote for more of the same.

  • @rossmeldrum3346
    @rossmeldrum3346 2 ปีที่แล้ว +37

    It may take a while, but with all the people leaving Illinois overtime, the taxes will have to continue to grow to cover the losses from those who left. Until they are astronomical. In a few years property taxes will be triple what they are now, but property values will plummet.

    • @zeke5491
      @zeke5491 2 ปีที่แล้ว +1

      That scares me in NY too

    • @michaelwood9652
      @michaelwood9652 2 ปีที่แล้ว +1

      @Ross meldrum I'm really impressed by what you wrote,I don't normally write in the comment section, but I think you deserve this complement....I'd like to be your friend if you don't mind, how are you doing today?

    • @ryanjacobs836
      @ryanjacobs836 2 ปีที่แล้ว

      Illinois is gaining people though

    • @linzierogers5024
      @linzierogers5024 2 ปีที่แล้ว +2

      I live in a state with high property taxes and no income tax but it also has a sales tax. It gives the rich the run of the house and lets them know they won't be taxed their fair share. Big companies are moving there daily. When they have raped it good they will leave and go elsewhere as they always do. It is a state in name only. Just a thought.

    • @77Treasurehunter77
      @77Treasurehunter77 2 ปีที่แล้ว

      Which is the story of Detroit.

  • @codycast
    @codycast 2 ปีที่แล้ว +20

    I pulled myself (high income) and my company out of California about 5 years ago for Texas and never looked back. I still keep a home in CA because it’s a beautiful state (San Diego area) but it’s no place to run a business. And having homestead there as a high earner makes you feel like a sucker. The taxes are way too punitive

    • @hectorcardenas2171
      @hectorcardenas2171 2 ปีที่แล้ว

      Texas is only good for businesses, but not for a regular worker.

    • @codycast
      @codycast 2 ปีที่แล้ว +5

      @@hectorcardenas2171 except regular workers are also flocking to Texas. Personal freedom. No income tax. Opportunities.

    • @hectorcardenas2171
      @hectorcardenas2171 2 ปีที่แล้ว +4

      @@codycast
      Personal freedom? 😂
      BS!

    • @kazansky22
      @kazansky22 2 ปีที่แล้ว +2

      @@hectorcardenas2171 At least Texas doesn't throw you in prison because your Glock has a standard magazine.

    • @mikea5745
      @mikea5745 2 ปีที่แล้ว +2

      @@codycast "No income tax" is great advertisement for people who can't do basic math. The effective tax rate is higher in Texas for low income and middle income earners
      It's not like Texas doesn't get tax money. They definitely do, just from other types of taxes

  • @elizabethangus6628
    @elizabethangus6628 2 ปีที่แล้ว +81

    Corrupt tax arrangements & race to the bottom in corporate responsibility are not the answer.,

    • @legilooks
      @legilooks 2 ปีที่แล้ว +1

      We don’t need any more tax breaks for the wealthy; what we need is fair taxes for all Americans and for those at the top to pay their fair share.

    • @amyritchie4490
      @amyritchie4490 2 ปีที่แล้ว +1

      74% of small business owners support the inflation Reduction Act.

    • @charlestancred6181
      @charlestancred6181 2 ปีที่แล้ว +2

      @@legilooks In such times as this, you’ve got to make sure you considered having a diverse investment strategy as this will help manage the overall risk on your portfolio. I believe having exposure to different areas of the markets really helps in accumulating profits and portfolio growth….

    • @younglee-segredo831
      @younglee-segredo831 2 ปีที่แล้ว +4

      @@charlestancred6181

    • @amyritchie4490
      @amyritchie4490 2 ปีที่แล้ว +1

      @@younglee-segredo831 Thanks for the contact , i will contact her shortly.

  • @jaymontange8260
    @jaymontange8260 2 ปีที่แล้ว +10

    Here in Texas we love industry. Seguin Texas has several large industrial manufacturing plants. Keep them coming.

    • @spacetoast7783
      @spacetoast7783 2 ปีที่แล้ว +3

      That's pretty damning of your workforce. All you're good for is unskilled repetitive labor.

    • @christopherhanley4807
      @christopherhanley4807 2 ปีที่แล้ว +2

      Yeah that's why Texas is doing so badly hahaha.

    • @lisasdfwhightechworld9946
      @lisasdfwhightechworld9946 2 ปีที่แล้ว +1

      @@spacetoast7783 The fully integrated circuit, handheld calculator, and the ATM were invented in Dallas. That is NOT unskilled repetitive labor.

    • @spacetoast7783
      @spacetoast7783 2 ปีที่แล้ว +1

      @@lisasdfwhightechworld9946 Who are you talking to? I never said anything about those things.

    • @lisasdfwhightechworld9946
      @lisasdfwhightechworld9946 2 ปีที่แล้ว +1

      @@spacetoast7783 You sure did - spacetoast7 "That's pretty damning of your workforce. All you're good for is unskilled repetitive labor." You reference this to 30 million people. I reply that Texas has home grown high tech.

  • @larrycumbo2023
    @larrycumbo2023 2 ปีที่แล้ว +2

    Born and raised in chicago 38 years later I left . Was turning bad in 1988 can't imagine it now

  • @garyadams4467
    @garyadams4467 2 ปีที่แล้ว +7

    I left Illinois in the 80s, best thing I ever did!

  • @northerniltree
    @northerniltree 2 ปีที่แล้ว +10

    Chicago used to have over a hundred breweries in the 1950's. Those were the days.

    • @bradferguson4943
      @bradferguson4943 2 ปีที่แล้ว +1

      Chicago has 160 micro breweries.

    • @northerniltree
      @northerniltree 2 ปีที่แล้ว

      @@bradferguson4943 We talkin' macro.

    • @saynotop2w
      @saynotop2w 2 ปีที่แล้ว

      I’m sorry your idea of a good state is about liquors.

    • @northerniltree
      @northerniltree 2 ปีที่แล้ว +1

      @@saynotop2w What other criteria is there?

  • @stevederp9801
    @stevederp9801 2 ปีที่แล้ว +18

    Boeing is moving to Virginia because it’s going to make more money from the government than it is from the private market. The same goes for Pratt and Whitney.
    In the next 20 years Lockheed Martin, Boeing, space x, Pratt and Whitney and GE will get trillions of dollars in defense spending. Those are steady streams of profitable revenue. The private enterprise will now just be a bonus and their defense contracts will be their largest sources of revenue.
    Caterpillar is because the Midwest simply isn’t motivated to grow. Florida and Texas are highly motivated to build and grow. So it makes sense for caterpillar to focus on the main source of their customers.

    • @MrJimmysez
      @MrJimmysez 2 ปีที่แล้ว +1

      Big thing is they want to get to union busting states led by GOP governors
      willing to sacrifice safety, pollution laws and living wages. Maximizing profit the
      CEO's can then loot for themselves and their cronies.

    • @stevenbass732
      @stevenbass732 2 ปีที่แล้ว +1

      No, they are moving to Virginia because a) it's safer, b) lower taxes and c) better infrastructure.

    • @MrJimmysez
      @MrJimmysez 2 ปีที่แล้ว

      @@stevenbass732 No, it's to avoid paying workers a living wage and relocate to backwards states. Dysfunctional states.

    • @aaronbirook4367
      @aaronbirook4367 2 ปีที่แล้ว

      Virginia is DC. Virginia & Maryland are both considered Suburbs of DC. The majority of politicians have homes in MD & VA not DC. DC is the hood.

  • @hillbilly4895
    @hillbilly4895 2 ปีที่แล้ว +3

    Work took me to Chicago about 3 weeks/year. I was always excited to go, so much to do. Not anymore...I'm not going back till things change.

  • @Lee.Higginbotham
    @Lee.Higginbotham 2 ปีที่แล้ว +12

    Moving from Chicago to Miami because of crime. Miami really?? 😂😂😂

  • @natemofield281
    @natemofield281 2 ปีที่แล้ว +1

    I thought a company's corporate sale were generated by its headquarters, so it's sales taxes go to where it headquarters are located?

  • @jerryrichardson2799
    @jerryrichardson2799 2 ปีที่แล้ว +7

    Chicago is a neat city in some ways, but I would only move there if someone was willing to pay a lot for me to move there.

  • @jeffreygoodwin133
    @jeffreygoodwin133 2 ปีที่แล้ว +57

    Well Illinois and particularly Chicago deserve this, between safety, taxes and being forced to use unions what did they expect. Smartest thing these businesses could have done, nothing like trying to live in a war zone...

    • @BoramK9294
      @BoramK9294 2 ปีที่แล้ว +23

      A war zone… bet you haven’t ever stepped foot in Chicago

    • @adamh781
      @adamh781 2 ปีที่แล้ว +8

      Why are unions bad for companies??

    • @jeffreygoodwin133
      @jeffreygoodwin133 2 ปีที่แล้ว

      @@BoramK9294 actually l have many times, with that said I live near Baltimore. I won't even consider going into Baltimore, or Chicago for that matter, it's a war zone in both of these cities . They are both extremely dangerous, dirty and deadly cities

    • @BoramK9294
      @BoramK9294 2 ปีที่แล้ว +4

      @@jeffreygoodwin133 did you hang out in the south side the whole time you visited Chicago?

    • @jeffreygoodwin133
      @jeffreygoodwin133 2 ปีที่แล้ว

      @@adamh781they are all corrupt, always have been and will continue to be. To each is own, if you like paying dues and being told who to vote for, when to strike and so on that is your choice, so be it. I personally don't like it...

  • @Mental_Egg
    @Mental_Egg 2 ปีที่แล้ว +33

    Will these moves make red states blue as blue state people are moving out?

    • @GonzalezJio
      @GonzalezJio 2 ปีที่แล้ว +25

      yup. Texas will flip most likely

    • @johnl.7754
      @johnl.7754 2 ปีที่แล้ว +3

      Hopefully people gloating about Illinois loss will read this.

    • @alexander15551
      @alexander15551 2 ปีที่แล้ว +11

      I wonder if there is some sort of long term trend where red states slowly trend blue and blue states slowly trend red over a period of generations

    • @johnl.7754
      @johnl.7754 2 ปีที่แล้ว +11

      @@alexander15551 I think it is more like Urban areas vs Rural areas determining change in political changes.

    • @rondrake3720
      @rondrake3720 2 ปีที่แล้ว +2

      Dallas, the city of Dallas is now a whole

  • @Lxx-tc4xc
    @Lxx-tc4xc 2 ปีที่แล้ว +21

    That state of Illinois, its city and county governments, and its school boards, all have the worst unfunded pension liability problem of any state. The IL constitution forbids all cuts in pension benefits. Therefore, the IL income tax will inevitably see a huge increase some time in the future.

    • @snagletoothscott3729
      @snagletoothscott3729 2 ปีที่แล้ว

      It's a double whammy. it was stupidly enshrined in the reformed Constitution in 1843, and didn't allow for changing environment to make necessary adjustment as time changes. It also didn't have protections to keep the state treasury from robbing the pension, which governors from both party's have been doing for decades.

    • @JohnS-il1dr
      @JohnS-il1dr 2 ปีที่แล้ว +2

      California wants a word with you. We have 500 Billion in unfunded pension liabilities

    • @billwhitis9997
      @billwhitis9997 2 ปีที่แล้ว

      People's pensions, yeah, that's the problem.

    • @tira2145
      @tira2145 2 ปีที่แล้ว

      @@billwhitis9997 Not the employees fault, in fact they will be screwed, govt pensions are just not sustainable.

    • @lylecosmopolite
      @lylecosmopolite 2 ปีที่แล้ว

      @@snagletoothscott3729 The IL state legislature does not "rob" IL state and local pensions. It underfunds them

  • @KingUnKaged
    @KingUnKaged 2 ปีที่แล้ว +5

    Torn between being happy that people are recognising your state as a better alternative and being terrified that they'll come over and ruin it the way they ruined theirs.

    • @brentsievers
      @brentsievers 2 ปีที่แล้ว

      You’re getting old, fearful companies that have stopped innovating decades ago. Congrats. Liberal cities will generate 10 new, industry defining companies for every bloated, tax avoiding company that leaves. Just look at Seattle. They don’t seem bothered by Boeing leaving years ago.

  • @steven4315
    @steven4315 2 ปีที่แล้ว +30

    The Texas drought is starting to look more and more like aridification. Whose water will these new companies take?

    • @stefanschleps8758
      @stefanschleps8758 2 ปีที่แล้ว

      Moving to Florida is a bad bet. Rising sea levels and storm surges, not to mention increasingly powerful hurricanes, will make them reconsider. When Disney moves the end of Florida's prosperity is near. Any company that decides where to go on purely financial reasoning, and doesn't take climate change into account is run by a bunch of losers. And Florida will lose big in coming years. Texas is turning blue. I sometimes wonder if WSJ really knows what its talking about, or is it just a propaganda wing of the far right? Food for thought.

    • @steven4315
      @steven4315 2 ปีที่แล้ว +2

      @@stefanschleps8758 Florida has problems beyond climate. Insurance cost that would look like mortgage payments except houses are skyrocketing in price. Algae blooms are affecting water quality. A school system where you only need an associates degree in anything to be a teacher.

    • @WackadoodleMalarkey
      @WackadoodleMalarkey 2 ปีที่แล้ว +3

      Their electric grid is pretty wonky too

    • @CliffSturgeon
      @CliffSturgeon 2 ปีที่แล้ว +3

      Honestly think a lot of states are going to be having major climate problems soon. I moved from Illinois to California (better jobs and pay by far), Texas pays my field pretty well but can't touch what I make here. California is burning and arid now. Most of the southwest and west will be the same soon, but floods will happen elsewhere. The Midwest "rustbelt" may actually be a winner as the climate goes south.

    • @timothykeith1367
      @timothykeith1367 2 ปีที่แล้ว +1

      In some years we have 20 inches of rain in South Texas, other years there are 50 inches. But, the Texas population is approaching 30 million. I think relatively lightly populated East Texas will gain population because it is relatively green - the area north of Houston to the Arkansas border.

  • @donriffle1634
    @donriffle1634 2 ปีที่แล้ว +15

    I try not to even stop in Illinois for a tank of gas. Put it in the rear view mirror as fast as possible!

  • @Zed_Oud
    @Zed_Oud 2 ปีที่แล้ว +8

    When upwards of 60% of income is spent on housing… and that’s not including transportation? Well of course people move.

    • @jacknguyen5677
      @jacknguyen5677 2 ปีที่แล้ว

      Housing for people that don’t work.

    • @eriklakeland3857
      @eriklakeland3857 2 ปีที่แล้ว

      Chicago is one of the most affordable large cities in the country. Thanks to its higher wages, it compares favorably to some Sun Belt cities that have lower wages. Plus, Chicago has a decent public transit system so one can save lots of money on transportation expenses.

  • @jimmiller5600
    @jimmiller5600 2 ปีที่แล้ว +6

    Companies go where they make money. Lots of factors there. But this trend is very obvious.

  • @ev.c6
    @ev.c6 2 ปีที่แล้ว +33

    These multibillion dollars companies want “tax incentives”, that is, pay zero taxes in the state they are in, in order to increase payment of share dividends. It’s quite that simple.

    • @floxy20
      @floxy20 2 ปีที่แล้ว +5

      Continue to believe your ignorant babblings and you will remain content.

    • @elcheapo5302
      @elcheapo5302 2 ปีที่แล้ว +4

      Is that you, AOC?

    • @gemcutter187
      @gemcutter187 2 ปีที่แล้ว +2

      Ehh, Trump gave American corporations a tax cut. And for the first time in my life, we started to wages rising, more companies offering 401k's and matching more money to retirement plans already in place. And companies coming back from overseas. Also, increasing your value for share holders isn't a bad thing like Democrats and woke professors make it seem. Every retirement plan you could possibly have whether it's a pension, IRA, 401k, 403b, etc are all invested in the stock market. It benefits everyone, not just the wealthy investors.

    • @lucysmith4242
      @lucysmith4242 2 ปีที่แล้ว

      Also attracting talent. Why would a new engineering grad go to Illinois when it has a 5% income tax as appose to Florida or Texas?? So that cost is passed onto the company as they have to pay more for that labor

  • @jamuojisan
    @jamuojisan 2 ปีที่แล้ว +14

    The real reason: 2:40

    • @drmode
      @drmode 2 ปีที่แล้ว

      Yep

    • @airdogg1979
      @airdogg1979 2 ปีที่แล้ว

      30 murders per weekend is fine.

  • @Shredxcam22
    @Shredxcam22 2 ปีที่แล้ว +6

    Southern Illinois need to separate from the northern half

  • @doghousedon1
    @doghousedon1 2 ปีที่แล้ว +3

    Empty buildings to house the homeless and drug dealers in. Way to go Illinois, you did good! Now this is how you clean up a city.

  • @Kapplerartbloomingdale
    @Kapplerartbloomingdale 2 ปีที่แล้ว +32

    It’s sad how weak and intolerable our state has become

    • @judiber2088
      @judiber2088 2 ปีที่แล้ว

      your state tolerates corruption at the highest levels.....time to find a RED state

  • @silambarasanbalasubramani8577
    @silambarasanbalasubramani8577 2 ปีที่แล้ว +17

    There are reasons why Chicago is an important city for more than a century.

  • @diggleda2952
    @diggleda2952 2 ปีที่แล้ว +73

    Only downside is Illinois is protected from climate change for the most part

    • @mg4361
      @mg4361 2 ปีที่แล้ว +13

      @Punxsutawney Phil the only downside to moving out of that state

    • @carmiethompson2676
      @carmiethompson2676 2 ปีที่แล้ว

      You got that wrong! That economic parameter is definitely an upside. The climate cultists & the politicians that follow them w/ a ring in their nose are to sure of themselves but w/o evidence or proof. I'm not saying that nothing is happening w/ the Earth's Climate but what are the quantitative affects? How, what where, why & who; scientists can't answer those questions using the Scientific Method. The cultists claim that CO2 is responsible for Earths warming. OK; Photosynthesis is the process by which Trees/Plants convert CO2 to Food. At what point or range do we curtail emissions & not starve the Trees/Plants?

    • @marccreter9348
      @marccreter9348 2 ปีที่แล้ว +1

      @Punxsutawney Phil how could that possibly not be a good thing?

    • @danguee1
      @danguee1 2 ปีที่แล้ว +2

      Surely that's a good thing?

    • @robertray6021
      @robertray6021 2 ปีที่แล้ว +4

      That would be a good thing. IF IT WAS TRUE

  • @stevenjamison5896
    @stevenjamison5896 2 ปีที่แล้ว +17

    The world keeps turning and in the scheme of things, this doesn't mean anything.

    • @dixonpinfold2582
      @dixonpinfold2582 2 ปีที่แล้ว +4

      Tell that to Detroit, one of the world's most thriving cities in the postwar years. Then, you know.

    • @nbme-answers
      @nbme-answers 2 ปีที่แล้ว

      The world keeps turning but cities live and die.

  • @petithor
    @petithor 2 ปีที่แล้ว +4

    literally interviewing only one side and calling it a day

  • @Matthew-rp3jf
    @Matthew-rp3jf 2 ปีที่แล้ว +13

    Chicago needs to double their police and start busting heads. Also reduce taxes.

  • @FaisalKhan-wf8ys
    @FaisalKhan-wf8ys 2 ปีที่แล้ว +16

    Houston real estate has jumped 3-4x, appraisal values have also gone up (more property tax which was already high), Traffic is a mess and gerrymandering is in full gear.

    • @jerryrichardson2799
      @jerryrichardson2799 2 ปีที่แล้ว +3

      Yeah, and it's getting worse.

    • @murraymadness4674
      @murraymadness4674 2 ปีที่แล้ว +1

      but but but if you a millionaire no state income tax is GREAT, why pay taxes to help everyone else?

    • @FaisalKhan-wf8ys
      @FaisalKhan-wf8ys 2 ปีที่แล้ว +2

      @@murraymadness4674 because the rich pay taxes elsewhere right? 🙂
      Property tax is really high. Makes up for no state income tax. They get their money one way or the other. And tax has been going up with the influx of ppl.

    • @murraymadness4674
      @murraymadness4674 2 ปีที่แล้ว +3

      @@FaisalKhan-wf8ys When your yearly income is $100 Million, your property taxes on your one or two houses in Houston don't mean anything. But if you make $50,000, your property taxes on your $250k home is huge compared to no state income tax.

    • @americanexpat8792
      @americanexpat8792 2 ปีที่แล้ว +1

      @@murraymadness4674 They will eventually get you somehow. In Houston, it's real estate taxes. I know. I paid them for a long time after moving there from Chicago. Much higher than in Illinois.

  • @thomasburke7995
    @thomasburke7995 2 ปีที่แล้ว +1

    States like Cali and Illinois and New York just dont get ..any taxes placed on corporation make the cost of thier goods and services more expensive because they pass it along to the consumer.. none of these companies would have left Illinois if they had to pay income taxes to the state

    • @spacetoast7783
      @spacetoast7783 2 ปีที่แล้ว +1

      These companies sell all over the world. Maybe you've never heard of them before.

  • @Xpingwinz
    @Xpingwinz 2 ปีที่แล้ว +23

    Having lived in South Carolina for most of my life, then in the northern suburbs of CHI for 8 years, and now back in South Carolina for 2 years, we are moving back to CHI! What this video doesn’t cover is how infrastructure sucks in a lot of southern states and even more so healthcare. Sucks even more when you look at places that will be hurting due to climate change and lack of water/resources in the next 50 years…so while CHI does have their issues (particularly with taxes), it is actually just as cheap, if not cheaper, to live there NOW than it now does in South Carolina due to influx of folks relocating to southern states. I would have never thought this would ever be the case but is what I am personally experiencing first hand.

    • @kup4ever
      @kup4ever 2 ปีที่แล้ว +2

      When these companies move in to those areas, the infrastructure will improve. Gentrification isn't new

    • @sukhvindermangat1087
      @sukhvindermangat1087 2 ปีที่แล้ว

      Not to mention the effects of certain laws in southern states, they're looking at a brain drain where talent will seek employment in a state that would be friendlier to their particular needs (women seeking control of their reproduction rights, families with lgbtq members, minorities wanting factual history taught to their children in schools etc)

    • @williamweigt7632
      @williamweigt7632 2 ปีที่แล้ว +2

      Enjoy your swamp. I don’t miss any of it.

    • @Xpingwinz
      @Xpingwinz 2 ปีที่แล้ว

      @@kup4ever for sure! But for areas that aren’t cities that aren’t attractive for bigger companies, this will take a few decades, which generally speaking, time is an issue for middle aged folks.

    • @the3idiots14
      @the3idiots14 2 ปีที่แล้ว +2

      @@kup4ever That’s not exactly true. Corporations have been moving to the south for years now and no real infrastructure has been implemented to fix the issues. Yes highways may expand but there’s no significant investment in public transit or enough for pedestrians.
      Gentrification isn’t new but it also isn’t always a positive. It might “fix up” an area, but it also moves people out that can no longer afford to live there. Especially when it isn’t done in an ethical manner. Plenty of people resist gentrification. It won’t stop being viewed negatively.

  • @Right-Is-Right
    @Right-Is-Right 2 ปีที่แล้ว +10

    Chicage has nothing left to offer, other than high tax rates and high crime rates. The great lakes are no longer transport hubs that held together the large manufacturing sectors, and customers do not care where the headquarters of a business are. Then we get to the supply chain, and there is nothing in Chicago that can not ne sourced cheaper elsewhere. The only benifits Chicago has left to offer is tax breaks, on taxes that do not exist or are lower than the "special" rates offered to corporations in Chicago. The only reason to headquarter in Chicago is virtue signalling and the saying "go woke, go broke" is becoming true more often these days.

    • @eriklakeland3857
      @eriklakeland3857 2 ปีที่แล้ว

      What do you mean it’s no longer a transport hub? 6 of the 7 Class I freight railroads still meet in Chicago. It’s the national hub of freight traffic.

    • @Right-Is-Right
      @Right-Is-Right 2 ปีที่แล้ว

      @@eriklakeland3857 Wow stuff gets transported to a big city by railroad, but that is not the definition of a transport hiub. Chicago is the national hunb of uS railroads.
      If the rairroads were constructed today, Chicago would have only one line.

    • @eriklakeland3857
      @eriklakeland3857 2 ปีที่แล้ว

      @@Right-Is-Right the fixed infrastructure is in place. That’s not changing for Chicago anytime soon. That’s what I took issue with.

    • @Right-Is-Right
      @Right-Is-Right 2 ปีที่แล้ว

      @@eriklakeland3857 Still not much freight gets moved from one railroad to another, just trains coming in and out. The article you read years ago, was so lame they forgot to mention that there was not much freight being moved. Not like chicago and surrounds has the industry it once had, in fact they are loc=sing more every year.

  • @sallyhemings2295
    @sallyhemings2295 2 ปีที่แล้ว +27

    Chicago’s crime rate is deplorable!

  • @williamzackii912
    @williamzackii912 2 ปีที่แล้ว +1

    What do I see when I look at Chicago today? Detroit in the late 1980's.

  • @FaisalKhan-wf8ys
    @FaisalKhan-wf8ys 2 ปีที่แล้ว +3

    And Houston traffic has become a nightmare.

    • @Cyrus992
      @Cyrus992 ปีที่แล้ว

      Lack of mass transit

    • @FaisalKhan-wf8ys
      @FaisalKhan-wf8ys ปีที่แล้ว +1

      @@Cyrus992 Yup. Main reason.

  • @FoamandStuff
    @FoamandStuff 2 ปีที่แล้ว +2

    It’s not enough. You need to move all the employees. This is not a real move it’s more headline news. Also more big companies need to leave like McDonalds and other major Fortune 500 companies.

  • @poorboyjim6392
    @poorboyjim6392 2 ปีที่แล้ว +39

    The report failed to mention that Citadel's departure was purely a political dispute between Pritzger and Citadel's chief. Boeing's move was logical. But Caterpillar's execs used to Chicago's breezy weather will suffer. Global warming will make land in Illinois some of the most valuable in the world. Companies moving down into the heat will regret it.

    • @mastersinr
      @mastersinr 2 ปีที่แล้ว +11

      You know they will have air conditioning right?

    • @c.aresty
      @c.aresty 2 ปีที่แล้ว +12

      By the time climate change becomes unbearable in Texas/Florida, the companies will just move to a northern state with low taxes (like Idaho, Colorado, or Montana). Reducing taxes in the short term is more important to large companies than whether they will remain headquartered in any one place.

    • @c87kim
      @c87kim 2 ปีที่แล้ว +10

      Lol I don’t even know how to respond to that last point you made

    • @kaptenhiu5623
      @kaptenhiu5623 2 ปีที่แล้ว +3

      Well... I have a news for you, mate. Rich people have access to a wonderful technology called "Air conditioner" that can magically turns hot air to cool air. They also have access to unlimited water as long as they have money

    • @1chart
      @1chart 2 ปีที่แล้ว

      I have to agree.after the panic of 1837,Ill couldn"t pay the interest on its dept.I expect a glorious future is in the making right now

  • @craigkdillon
    @craigkdillon 2 ปีที่แล้ว +2

    First of all, Boeing was an IL company only lately. It really is a Seattle company. We only got its headquarters. No operations. The only thing Chicago got was the printing of their annual report.
    Citadel is a hedge fund operator. So, their moving to FL where many other dubious financial operators do business, makes sense.
    Caterpillar is the only true IL company. Like with Boeing, though, the real question is "where will manufacturing and operations be?" If staying in IL, then that would be good, but would likely be temporary.
    Caterpillar is one I regret losing from IL.

    • @snagletoothscott3729
      @snagletoothscott3729 2 ปีที่แล้ว +2

      Caterpillar has been moving their operations out of the state, mostly to Texas, for over a decade now. There isn't much production left here.

    • @spacetoast7783
      @spacetoast7783 2 ปีที่แล้ว

      @@snagletoothscott3729 And it makes sense. Texas has a lot more cheap workers desperate for a low skill job.

  • @ironvoice5079
    @ironvoice5079 2 ปีที่แล้ว +3

    Texans are really happy now about all these companies moving in. Let's see in a few years when the government starts spending in all this money in new infrastructure to keep these companies if they are still happy. Those corporations don't pay taxes but residents always will volunteer for it.

  • @jimtwisted1984
    @jimtwisted1984 2 ปีที่แล้ว

    Are there any companies moving to illinois?

    • @neckenwiler
      @neckenwiler 2 ปีที่แล้ว

      WSJ didn’t mention any, so there must be none.

    • @trongriffinproductions7159
      @trongriffinproductions7159 2 ปีที่แล้ว

      Illinois is ranked 3rd for corporate relocation for a reason.

  • @writtenhousesecurity6499
    @writtenhousesecurity6499 2 ปีที่แล้ว +11

    Staying in Chicago, is like staying on a sinking ship waving goodbye to the last lifeboat. 😨😨

    • @nomore-constipation
      @nomore-constipation 2 ปีที่แล้ว

      My older brother would say. If you see the rats leave the sinking ship, you'd better follow.
      Only once in my career did I see upper management post outside the company or drop salary and benefits in multiple positions
      I Learned those who were staying were trying to weather the storm by posting to a lower position.
      They were trying to save their years of service (and grandfathered benefits) in the company for better retirement by not leaving.

  • @redshooter5889
    @redshooter5889 2 ปีที่แล้ว +2

    This whole comment section is filled with bots, fails to mention what citadels been doing and the burning of a document warehouse with a firefighter station that’s 2 miles away from the fire. They had it burning for 3 days to get rid of physical documents

  • @JimmyT1789
    @JimmyT1789 2 ปีที่แล้ว +11

    It’s all about the crime that goes unchecked in Chicago.

  • @stevecarmello7134
    @stevecarmello7134 2 ปีที่แล้ว +1

    Last one out... Please turn the lights off

  • @americanexpat8792
    @americanexpat8792 2 ปีที่แล้ว +21

    I wouldn't worry much about it. Chicago is always going to remain a high value place due to the financial markets, strategic location, etc. Will always be a net positive.
    Chicago never made sense for Boeing anyway. They've turned into a poorly run company after the financial people took over from the engineers. Witness the Max debacle.

    • @jwil4905
      @jwil4905 2 ปีที่แล้ว +5

      Sure. Detroit thought it would always be high value, too....

    • @ryanjacobs836
      @ryanjacobs836 2 ปีที่แล้ว +1

      Plus Citadel was moved because ken griffin was triggered that illinois didn't elect his chosen man as the r candidate for governor

    • @trongriffinproductions7159
      @trongriffinproductions7159 2 ปีที่แล้ว +1

      A quick fact: Chicago has been the number one city for corporate relocation for nine consecutive years according to Site Selection the company of the man in the video. WSJ new video on Phoenix 17-mile business stretch showed that Chicago is the number one city for new Industrial jobs so business in Chicago is booming but stories like this make the WSJ a lot of money since Republicans are searching for negative stories on big Dem run cities.

    • @eriklakeland3857
      @eriklakeland3857 2 ปีที่แล้ว +1

      @@jwil4905etroit isn’t a national transportation hub like Chicago is. 6 of the 7 largest freight railroads meet in Chicago. That’s not going to change anytime soon.

  • @nicholas5623
    @nicholas5623 2 ปีที่แล้ว +2

    Citadel stating Chicagos crime as a reason to relocate to Miami... FL. Good luck with that dude

  • @cpo415
    @cpo415 2 ปีที่แล้ว +7

    Right to work basically means you can be fired without cause. You have no right to your job. So when economic conditions favor hiring lower paid workers they just fire everyone. It's not a good environment for the worker.

    • @elkaluzi
      @elkaluzi 2 ปีที่แล้ว +2

      right to work means the people are slave. or serf.

    • @MrRipper1956
      @MrRipper1956 2 ปีที่แล้ว +1

      If it’s so bad, then why haven’t the workers rose up? Economic factors control workers and employers relationship. Most unions are poisonous. I know I had to be in one for over 30 years.

    • @bellabirdlove1
      @bellabirdlove1 2 ปีที่แล้ว

      Unions have destroyed Illinois

    • @yawos9024
      @yawos9024 ปีที่แล้ว

      @@MrRipper1956 Tell us how come Illinois' median income is higher than all these right-to-work states? In Illinois, Children get free healthcare.

  • @papawx3
    @papawx3 2 ปีที่แล้ว +1

    What? No mention of Tennessee? We have seen EXPLOSIVE growth from relocations for years straight now, we are easily in the top five in this.

  • @johnryman1366
    @johnryman1366 2 ปีที่แล้ว +3

    Casper the friendly ghost's mother, the mayor of Chicago is why many of the company's are leaving. Chicago is dangerous.

  • @davecrupel2817
    @davecrupel2817 2 ปีที่แล้ว

    Are those companies moving in?
    Or are they _expected to_ move in?
    Big difference.

  • @ChickensAndGardening
    @ChickensAndGardening 2 ปีที่แล้ว +17

    You couldn't pay me enough to move to Chicago, and I already live in a loony woke state on the East Coast. My dream is to relocate to a more conservative, affordable area like Florida or Texas or the Carolinas. But Illinois? Forget it! Illinois is going down the tubes, regardless of what that crooked mayor and lunatic governor claim.

    • @Eric_Bassett
      @Eric_Bassett 2 ปีที่แล้ว +3

      All the other states you listed have their problems as well

    • @ChickensAndGardening
      @ChickensAndGardening 2 ปีที่แล้ว +4

      @@Eric_Bassett True but right now TX and FL have decent leadership

    • @GonzalezJio
      @GonzalezJio 2 ปีที่แล้ว +1

      Hoping a state fails isnt very patriotic of you

    • @ChickensAndGardening
      @ChickensAndGardening 2 ปีที่แล้ว

      @@GonzalezJio Who's saying they want Illinois to fail? IT'S ALREADY FAILING. No need to "hope".

    • @earlybird9679
      @earlybird9679 2 ปีที่แล้ว

      I'd add Ohio, Tennessee, and Iowa as overall positive states to flee TO.

  • @itsruf1
    @itsruf1 2 ปีที่แล้ว

    Observation: Peoria historiacally bragged 80,000 UAW assy jobs. Local 974, notoriously the bullies. Now nearly no jobs. Cat no longer produces CaT engines. CaT truck mudflaps are antiques.

  • @harry8912
    @harry8912 2 ปีที่แล้ว +6

    When the South starts having water shortages they’re gonna miss NY and Northern States. Cali is meh but yeah they’re gonna feel it.

  • @williamweigt7632
    @williamweigt7632 2 ปีที่แล้ว +1

    4:00-4:07. Democratically-LEANING ones? Chicago hasn’t had a single Republican Mayor or Alderman since FDR! “Leaning”, my @ss!

  • @auro1986
    @auro1986 2 ปีที่แล้ว +8

    it means they are leaving state after stealing that state's money

  • @tomsmith3045
    @tomsmith3045 2 ปีที่แล้ว +9

    Boeing needs to be split up, so that we can sort out how to salvage the pieces left of it. The concept of a company getting to be "to big to be allowed to fail" doesn't work. Those companies just drag everyone else down with them. We need to start splitting them up, and letting some of the pieces fail.

    • @dbclass4075
      @dbclass4075 2 ปีที่แล้ว +1

      One idea: split Military and Commercial. One reason why 737MAX fiasco happened in the first place: Dennis Muilenburg crossed from Military to Commercial. Traditionally, workforces (or at least the executive positions) of these divisions never crossed this division. Dennis is the first (known) instance that break this rule.

    • @brinjoness3386
      @brinjoness3386 2 ปีที่แล้ว

      I bet they are already planning to separate the profitable military side from its commercial airline manufacturing.

    • @rosc2022
      @rosc2022 2 ปีที่แล้ว

      Who's "we"?

    • @aaronbirook4367
      @aaronbirook4367 2 ปีที่แล้ว +1

      The people of the United States who fund Boeing. Boeing receives tens of billions in military contracts. So we have a say. Don’t want us to have a say. Stop taking handouts

    • @eriklakeland3857
      @eriklakeland3857 2 ปีที่แล้ว +1

      The same is true in practically every industry. Large corporations have consolidated so much that there are too many regional monopolies. It’s so uncompetitive

  • @justjay6445
    @justjay6445 2 ปีที่แล้ว +11

    Born and raised Chicagoan here. I have love/hate relationship with this city. I moved out several times away from this city, but always come back learning that the grass isn’t always greener on the other side. Chicago has its problems, but it’s main problem is Fortune 500 companies suppressing the wages of the local population. Our taxes are pretty low when compared to the infrastructure of other cities, but the cost of living is still high compared to the rest of the Midwest. When Chicago loses population its mostly low wage earners. Also, Chicago needs to attract more winter activities from Jan-May. This is city is dead after Jan 1st and it doesn’t wake up until May-which makes the winters depressing. Think everything is gray from the sky, the salt covered snow and the modern style of architecture. Chicago really needs to help with planting pine trees so that we have some foliage in the winter. Chicago will forever be here and I intend to continue investing my money here.

    • @aabbccdd320
      @aabbccdd320 2 ปีที่แล้ว +3

      what could go wrong with defunding police?

    • @VinceroAlpha
      @VinceroAlpha 2 ปีที่แล้ว +3

      @@aabbccdd320 what could go wrong with not taking responsibility?

    • @jwil4905
      @jwil4905 2 ปีที่แล้ว +4

      "but it’s main problem is Fortune 500 companies suppressing the wages of the local population..." LOL, another one that doesn't understand anything.

    • @aabbccdd320
      @aabbccdd320 2 ปีที่แล้ว +2

      @@VinceroAlpha why amish or jewish kids never have problems with police? it is always the same "young adults"

    • @JohnS-il1dr
      @JohnS-il1dr 2 ปีที่แล้ว +2

      @@VinceroAlpha ask Lori Lightfoot she's well versed on that subject

  • @gif24gt60
    @gif24gt60 ปีที่แล้ว +1

    Watch these companies fire their transferred employees once the companies get going in the new states. Also, watch them cut the pay rate for new employees in half.
    Seen it happen many times in the Peach state that is not so peachy.

  • @danielhutchinson6604
    @danielhutchinson6604 2 ปีที่แล้ว +12

    What is lost when Tax incentives to Corporations are not helping maintain Infrastructure?
    How many Corporate HQ Offices do you need to rent to buy a new sewer system for an old city?
    How far can Corruption proceed to eat the profits from this Government Giveaway Era?
    How many Detroits will it take?

    • @briancaddel4235
      @briancaddel4235 2 ปีที่แล้ว

      Thank you for saying this

    • @JohnS-il1dr
      @JohnS-il1dr 2 ปีที่แล้ว

      Get rid of Chicago politicians

  • @BlueDesert.
    @BlueDesert. 2 ปีที่แล้ว +2

    More people moving to the DFW area. This migration trend has lead to increased crime, increased property taxes, and horrendous traffic. I’m looking to move out of Texas at this point.

    • @TrainerAQ
      @TrainerAQ 2 ปีที่แล้ว +1

      The trick is to move somewhere nobody is thinking about moving to right now.

    • @neckenwiler
      @neckenwiler 2 ปีที่แล้ว +1

      Let’s go to Detroit, if we’re following that strategy

    • @blacklightfreakout825
      @blacklightfreakout825 2 ปีที่แล้ว

      @@neckenwiler 😆 🤣 😂 😹 😆 🤣

  • @CHMichael
    @CHMichael 2 ปีที่แล้ว +3

    Forget corporate taxes - upper management income and property tax is moving.

  • @randyinchesapeake8129
    @randyinchesapeake8129 2 ปีที่แล้ว +2

    Thank you, Illinois!
    Signed ... a Virginian.

  • @Prospect_708
    @Prospect_708 2 ปีที่แล้ว +28

    There's a reason why people are moving away from blue states. Don't flip states blue and turn it into the same dump you moved away from. This is coming from someone that moved from Chicago to Texas in 06 and isn't Caucasian. Respect the way things are wherever and whenever you move somewhere is all I ask.

    • @Andrew-ob5ij
      @Andrew-ob5ij 2 ปีที่แล้ว +4

      No

    • @vinny7114
      @vinny7114 2 ปีที่แล้ว +1

      Phuck no, if you want to be a second class citizen go for it.

    • @dixonpinfold2582
      @dixonpinfold2582 2 ปีที่แล้ว +2

      @@vinny7114 He or she sounds first class to me. You sound like 'it's always other people's fault.'

    • @qvindicator
      @qvindicator 2 ปีที่แล้ว +2

      The definition of insanity is trying the same thing over and over again and expecting different results. Fleeing a blue state to a superior red state, flipping said red state blue and expecting it to be anything but ruined is insane.

  • @stevej71393
    @stevej71393 2 ปีที่แล้ว

    People always talk about Chicago but the rest of the state is suffering the most. Every town in Illinois outside of the Chicago metropolitan area with a population over 50,000 has shrunk between 2010 and 2020, with two exceptions: Champaign-Urbana and Bloomington, with Bloomington's growth only slightly above 0. In general, there is a mood of pessimism and most people are either planning on moving in the next few years or at least have a desire to move. Rural Illinois is dying while its neighbors are experiencing healthy growth. It really is inexcusable on the part of the state government.

  • @TitusAzzurro
    @TitusAzzurro 2 ปีที่แล้ว +10

    When 4,5% flat tax is considered "unattractive" or "unfair" to a big corporation you should really ask yourself if you want to support them. Haven't these businesses enjoyed government help during the pandemic???
    Socialists when they're losing some money, Greedy when they make metric tons of it.

    • @unyieldingsarcasm2505
      @unyieldingsarcasm2505 2 ปีที่แล้ว

      I will never understand the utter cult mentality rich people have brainwashed the average american with where they think we should just give everything to corporations.

    • @LetterSignedBy51SpiesWasA-Coup
      @LetterSignedBy51SpiesWasA-Coup 2 ปีที่แล้ว

      Corporate tax in Illinois is 7% (which is 0% in some states), not 4.5%, on top of federal corporate tax which is soon to be 28%. Big business is headed up by leftists because they benefit most from government spending and regulations. You forgot to mention the greed of socialists and politicians who feel entitled to other people’s money/wealth.

    • @kennethadler7380
      @kennethadler7380 2 ปีที่แล้ว +2

      Illinois has a corporate tax rate of 7 %, 6,25 % state sales tax, 4,75 % local sales tax, 2,5 % property tax, 4,95 % payroll tax and 4,95 % personal income tax does are 1 of the highest in America. Your 4,5 % flat tax is a lie.

  • @We_Reddit
    @We_Reddit 2 ปีที่แล้ว

    Spent nearly 15 years of my life in Chicago. In the end, it was too much cost for too little gain. Nice place to visit, but I will never live there.

  • @dixcreative
    @dixcreative 2 ปีที่แล้ว +14

    Or maybe CEOs are just sick of Democrat-run states for the numerous reasons.

    • @Americca_Is_Doomed
      @Americca_Is_Doomed 2 ปีที่แล้ว

      yes because they stopped handing out corporate welfare ......wich we all know republicans love yet hate to see the people get it.....

    • @JohnS-il1dr
      @JohnS-il1dr 2 ปีที่แล้ว +3

      They aren't allowed to say that out loud.