The mayor of Chicago, Rahm Emanual, has just announced an initiative that will provide the citizens of Chicago free junior college. Just keep your high school grades up, and you're entitled to two years of college, all free.
The mayor assumes that having lots of his citizens with two year community college Associate of Arts degrees, all picked up by the taxpayers, will entice new businesses to swarm into the city limits in droves, and snap up all of these educated folks to work for them in a New York minute.
Fat chance. Business owners are not stupid, Rahm. It only takes a few key strokes to determine what kind of taxes they would have to pay if their businesses relocated to Chicago, and those key strokes would spit out the dismal facts in a New York minute.
Chicago is one of the highest taxed business climates in the country, just outside of New York and San Francisco. They have a state sales tax of 7.25% tacked onto almost everything you need to buy in Chicago, one of the highest gasoline taxes in the country, an enormous property tax burden, a city sales tax of around 3% tacked onto the state sales tax, and Cook county gets its fingers into the till as well with a county tax to boot.
Nobody in his right mind is going to relocate to Chicago unless they get a monster sweetheart tax deal that exempts them from most of these taxes for a period of time. Otherwise, forget it.
No business worth its salt is going to move to Chicago, Rahm. The crime is out of control with one of the highest murder rates in the country, and the weather is just plain lousy, and add all those taxes to the mix, and this city is the last place on earth any business would relocate to.
And Rahm thinks giving away free college is the answer. Think again. All that will do is suck more money from taxpayers with nothing to show for it other than a bunch of associate of arts degree holders (who majored in diversity studies and performance arts with a concentration in the art of mime).
No wonder Chicago is about as broke as any city in the nation. Their leaders have absolutely no clue as to what attracts businesses to locate there. These leaders, including Rahm, are all Democrats and have been Democrats in power since the days of Al Capone. All Democrats know about running a government is to raise taxes and ruin a city in the long run. Just ask the good citizens of Detroit how things have worked out for them over the last 75 years of Democrat leadership.
It's only going to get worse in Chicago.
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