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Via 19th Ward. The reasons Ken Griffin is pulling Citadel, and is family out of Chicago is pretty basic Too much regulation. Too much taxation. And yes, too much violent crime. Reality paging Mayor Beetlejuice
Ken Griffin, the richest Illinoisan, is taking his family, his billions of dollars and his companies and leaving Chicago.
He made the announcement Thursday in a memo to employees. Griffin said the headquarters of his Citadel hedge fund and his trading firm, Citadel Securities, will move to Miami, what he called a “vibrant, growing metropolis that embodies the American Dream.”The move is expected to take several years. The firms have more than 1,000 employees in Chicago and while some are expected to remain, how many is unknown.
Griffin’s announcement said he has moved his family to Miami. He offered no parting shots at Chicago or Illinois but has been unsparing in his comments about surging downtown-area crime and about local tax and regulatory policies. He has made threats to leave for months.
RELATEDBillionaire laments Chicago violence, donates $25 million to train leaders of police departments here and across country
This is the direct result of Leftism, and leftist politicians. Politicians who are overly impressed with themselves, and who put their own gain above serving their city and its residents. Yes, if you go soft on crime people will not visit your city as much, and that downward trend will only change course when crime start going down and not up. Again, I reach the same conclusion I reach more and more. Leftism destroys everything it touches. That is fact! The only question is how long will it take to eradicate all the positives
