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.

Illegals and welfare too!

@@republicunited2183 poor people are not the problem dude

@@mf-- yes it is

Camping gear manufacturers as well would flourish there

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

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

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

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

They rely on welfare from the government to compete.

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

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.

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.

Which state did you move to?

@@manofculture8026 SC

Who wants to have a business in Chiraq?

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

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

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

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

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

@@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.

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.

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.

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

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

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

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

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

@@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.

@@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.

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

Now Toronto has more skyscrapers than Chicago. How ironic.

Toronto is just Beijing west.

@@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.

@@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.

ah now i know, was visiting there recently,

Agree

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

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

@@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?

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

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

@@neckenwiler Virginia is technically purple

Boeing should had returned to Seattle.

Boeing is a monopoly and should be broken up.

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

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

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

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.

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

Texas is freaking hot.

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

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

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

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

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

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

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

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

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.

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

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

Me too. I'll never look back.

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

Where did you move?

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

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

Detroit will soon have a sister city.

Long shot, Chicago is light years ahead of Detroit

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.

Detroit is compared to Stockton California…. Not Chicago

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

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.

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

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

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

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.

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

I'm amazed that woman is still in office

Climate change will change all this.

Or progressive politicians could stop ruining cities

that's called neoliberalism ak extortion

@@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.

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

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

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

@@codycast Personal freedom? 😂 BS!

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

@@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

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

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

Are you going to keep voting for Democrats?

@@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

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

Kill-inois

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

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

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

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

@@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.

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

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

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

So why no major ones moving in then ,

@@quantcook agree google is a small bakery

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!

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.

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

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.

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

@@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….

@@charlestancred6181

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

That scares me in NY too

@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?

Illinois is gaining people though

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.

Which is the story of Detroit.

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

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

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.

@@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.

​@@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.

Chicago has 160 micro breweries.

@@bradferguson4943 We talkin' macro.

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

@@saynotop2w What other criteria is there?

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.

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

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

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.

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.

If you can avoid the potholes

Yep

30 murders per weekend is fine.

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.

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

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

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

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

Housing for people that don’t work.

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.

And those reason are gone ,

@@writtenhousesecurity6499 Wait for winter in Dallas.

@@silambarasanbalasubramani8577 Being a little chilly is better then being a little dead . 🤔🤔

@@writtenhousesecurity6499 chilly + No Power = Dead

@@silambarasanbalasubramani8577 It over for Chicago. Property values dropping crime is rising . Only ones left are the ones stuck there.

Lack of mass transit

@@Cyrus992 Yup. Main reason.

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

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

The world keeps turning but cities live and die.

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.

@@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.

Their electric grid is pretty wonky too

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.

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.

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

They aren't allowed to say that out loud.

What are the shared reasons?

@@spacetoast7783 Taxes, crime, city/local government seeming to be out of touch. I lived in Chicago for years. Loved many aspects of it. But Chicago and Illinois have some issues they really need to tackle. Like a lot of American cities, Chicago significantly improved in the late 1990s and 2000s. Then it all seemed to go backwards in the 2010s and keep going backwards till now.

@@adamesd3699 I seem to remember Detroit being built on a single sector of private industry being propped up only by federal government taxes. Maybe that's all in my imagination though.

@@spacetoast7783 I have relatives in the Detroit area. It has actually improved a bit, through that’s not saying much. Yeah, the over-reliance on one major industry was a problem when that industry became un-competitive and had to be rescued repeatedly. But that wasn’t the only reason Detroit deteriorated so spectacularly. The auto industry in the US weakened badly, but it didn’t outright collapse. Other cities and regions in the country have had similar downturns in key industries, and they found a way to survive. For example: Texas, Oklahoma, etc., when oil and commodity prices collapsed in the 1980s, then again in the late 1990s, and again during the Great Recession, and then again after 2014. But Detroit had fundamental structural governance issues that made it inflexible and vulnerable to downturns.

You are wrong. 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.

Yeah, and it's getting worse.

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

@@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.

@@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.

@@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.

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

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?

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

Surely that's a good thing?

That would be a good thing. IF IT WAS TRUE

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

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.

@@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.

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

@@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.

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

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

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.

yup. Texas will flip most likely

Hopefully people gloating about Illinois loss will read this.

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

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

Dallas, the city of Dallas is now a whole

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

Is that you, AOC?

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.

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

Exactly.

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

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.

Unions have destroyed Illinois

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

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

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

@@neckenwiler 😆 🤣 😂 😹 😆 🤣

Why did you move?

There is no world class city in Texas. Public transportation is woeful. The cities are boring and lack sophistication. You can keep it.

Exactly. We have to choose between the lesser of the two evils @@yawos9024

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.

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

Who's "we"?

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

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

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.

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