Result of Poor Municipal Leadership
There are many reasons for people to relocate within the United States. Traditionally, it has been because of physical environment, job opportunities or family ties. Recently there have been reasons added to that such as the cost of housing or the nature of the government in the state or locale in which one is relocating. A new reason came to my attention which I found quite fascinating.
I was watching a well-known news/finance show where a guest, Donald Luskin, was being queried by the host. Mr. Luskin founded a company, Trend Macrolytics, after a long and distinguished career in the investment sector of the economy.
Three years ago, Mr. Luskin relocated his business to Dallas from Chicago. This had been his second stint in in Chicago. During the 1980’s he moved to Chicago for the opportunities, especially in the commodities area of investments. The Chicago Board of Trade was vibrant at the time. Someone could start as a runner at the Board, work hard, get noticed as someone to nurture along, and eventually end up as a trader on the floor making a very nice living.
There were low entrance barriers to success. You could dress right, smile, show a… Read More