Comments by "K. Chris Caldwell" (@k.chriscaldwell4141) on "Chicago alderman calls for mayor to help after four overnight robberies" video.
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@JasonOrtiz-ye1do Forget property values: The killer of cities, towns, communities, and neighborhoods are “sticky” and new property taxes, regulations, and ordinances. Welfare and subsidies to jurisdictions and “charities” provide the death knell.
When I lived in and near Chicago, I researched the why of said declines. The South suburbs, particularly Harvey, and Detroit were my primary subjects. (I even rode a public bus through Detroit’s “Donut” zone once. OMG!)
Summary: Entrenched, inflexible, and increasing property taxes, regulations and ordinances tied to legacy corruption hamper and prevent beneficial shifts in use, and magnify and ratchet up any problems. Basically, preventing change and accelerating decline.
The state and feds then come in with welfare, Section-8, grants to a jurisdiction and “charities” to “help.” Thats the oil to the already slippery slope. In come the undesirables and slumlords.
Chicago is nearly $600 million in the red this budget. Cook county? I don’t know, but it can’t be good, either. So here come the tax increases, and new draconian regulations and ordinances designed to extract more “revenue.”
Look for Chicago, the county, the state, the feds, and “charities” launch new programs to “help” and house those in Lakeview, Lincoln Park, and Wicker Park.
As to crime: It’s a trailing symptom, not a cause that also magnifies a decline.
Like I said: RUUUUNNNN!!!
Of note: All of Cook county residents pay property and school taxes, directly and indirectly, to Chicago. Hint: TIFs. Chicago is still broke despite this.
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