Windy City To Be Renamed Into Shtty City

Discussion in 'Economics' started by shortie, Feb 15, 2011.

  1. http://online.wsj.com/article/SB10001424052748703312904576146741729857936.html?mod=googlenews_wsj
    CHICAGO—A larger-than-expected exodus over the past 10 years reduced the population of Chicago to a level not seen in nearly a century.

    The U.S. Census Bureau reported Tuesday that during the decade ended in 2010, Chicago's population fell 6.9% to 2,695,598 people, fewer than the 2.7 million reported back in 1920.

    After peaking at 3.62 million people in 1950, Chicago underwent a half century of decline that ended only when the 1990s boom years produced a small gain in the 2000 count. At that time, the city loudly celebrated its comeback.

    But the recent recession accelerated a migration both to the metropolitan area's farthest suburbs and to the Southern U.S. Chicago nonetheless is expected to remain the nation's third-largest city, behind New York and Los Angeles and just ahead of Houston, for which final census numbers aren't in yet.

    The exodus took a big chunk out of the city's black population in particular, shrinking it to 887,608 from 1,065,009, according to William Frey, a demographer at the Brookings Institution think tank in Washington.
     
  2. I just don't understand how these liberal meccas including the State of Illinois and cities like Chicago, New Orleans, and Detroit are having such a hard time. I really try and find blame for conservatives who may have briefly held power (very few and far between) over the past several decades, but I cannot seem to find it.

    Could my liberal/socialist/progressive professors have been wrong?

    Was Che, and Fidel, and Mao, and Lenin wrong? Damn! Now what? I need guidance. :eek:
     
  3. Roark

    Roark

    Who would want to live there? Cold, windy, high taxes, corruption, and the state is virtually bankrupt.
     
  4. The taxes aren't too high.. only $2k a window in your streeterville condo.
    Add $250/month for parking and $750 for assessments your $400k 1000 sq ft shoe box is a bargain at $5k a month.
     
  5. it's mathematically impossible for taxes to be too high for the segment of the population that you refer. they are part of the half of america that doesn't pay a single dollar in fed taxes
     
  6. Roark

    Roark

    Yes, but there are other taxes. In particular, state incomes and sales taxes. My choice would be a state with either a state income tax or sales tax, but not both. For example, Texas, Florida, Oregon or Nevada.
     
  7. Mercor

    Mercor

    I wonder how of that is the fact that Daley tore down most of the largest projects. Moved all those folks to the nearby suburbs under section 7 housing.
    Now some of those suburbs especially near west are a crime mess.