This City Wants to Increase a Tax on ‘The Rich’ by 400%

A proposal to increase taxes on the sales of properties worth $1 million or more in Chicago to combat homelessness has cleared its first hurdle. […]

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Photo: CHICAGO, ILLINOIS - JUNE 16: Military veterans attend a Stand Down event designed to help veterans who are homeless or housing insecure on June 16, 2023 in Chicago, Illinois. The semi-annual event helps veterans who are experiencing homelessness connect with services to find them housing. The event also connects veterans with agencies to help with medical services, food, clothing, and also helps veterans navigate the VA benefits system. There are an estimated 500 homeless veterans in the Chicago area, and 38,000 nationwide. (Photo by Scott Olson/Getty Images)