Our DCG has been chronicling gun-control Chicago’s doleful gun-homicide statistics after every weekend. (See her most recent post, “Tuesday in Chiraq: One woman killed, 6 wounded in shootings“.)
And the situation is getting worse.
Bill Kirkos reports for CNN, April 1, 2016, the number of murders for the first three months of 2016 is already 71.9% higher than the same period last year, from 82 to 141 deaths.
At that pace — an average of three killings every two days — Chicago would have 564 homicides by the end of the year. That would eclipse the 468 killings recorded in 2015 and 416 in 2014.
The statistics of gun violence are even more damning for a city with gun control. Shootings during the first three months of 2016 have nearly doubled from the same period last year — an increase of 88.5%, from 359 shootings in 2015 to 677 in 2016. On one day, March 31, 2016, eight were shot and two of them died in one hour.
The result?
Millionaires are leaving Chicago by the thousands (now we know why Oprah left!), as the city descends into a Detroit-like hell-hole of crime, violence, and racial strife.
Becky Yerak reports for the Chicago Tribune, April 4, 2016, that according to the research firm New World Wealth (NWW), millionaires are leaving Chicago more than any other city in the United States on a net basis.
Sources for New World Wealth’s millionaire-migration study include interviews with hundreds of millionaires, migration experts, wealth managers and property agents; property sales records; and tracking of millionaire movements in the media. NWW’s research data are used by luxury-goods companies, private banks and real estate professionals.
In 2015, about 3,000 individuals with net assets of $1 million or more, not including their primary residence, moved from Chicago, with many citing rising racial tensions and worries about crime as factors in the decision. They represented about 2% of the city’s high net worth individuals.
Findings of the New World Wealth report are consistent with a Nielsen study released late last year that showed Chicago is losing large numbers of affluent African-Americans. The Nielsen report found that in 2000, Chicago ranked 7th among the cities with the largest percentage of black households with income of $100,000 or higher, but in 2015, Chicago had dropped out of the top 10.
The flight of millionaires from Chicago is the largest exodus of wealthy people in the United States, and one of the largest in the world. Only Paris and Rome lost more millionaires than Chicago in the same time period.
In 2015, Chicago ranked third in the world of cities with the biggest flight of millionaires. The four cities with the biggest millionaire flights in 2015 are:
- Paris, France, which lost 7,000, or 6%, of its millionaires.
- Rome, Italy, which lost 5,000, or 7%.
- Chicago, which lost 3,000, or 2%.
- Athens, Greece.
Most of the millionaires who left Paris and Rome fled their countries, while Chicagoans moved elsewhere in the United States, to cities like Seattle and San Francisco, which saw a net inflow of millionaires in 2015.
Countries with the biggest net outflow of millionaires are France, with 10,000, followed by China, Italy, India and Greece. The countries with the biggest net inflows of millionaires are Australia, the United States, Canada, Israel, United Arab Emirates, and New Zealand.
So if you live in Chicago and can relocate, take a hint from the people with insider knowledge and connections, and get out while you still can.
H/t ZeroHedge
~Eowyn
