OP-ED: Ken Griffin, Wealth Inequality, and the Politics of Envy
Crain’s Chicago Business – ICLE Academic Affiliate M. Todd Henderson published an op-ed in TCrain’s Chicago Business, co-authored by fellow University of Chicago professor Anup Malani, about Citadel LLC CEO Ken Griffin’s decision to move the massive hedge fund’s headquarters from Illinois to Florida. The full piece is available (behind a subscriber firewall) here.
When campaigning for his progressive income tax, Illinois Gov. J.B. Pritzker argued it was needed to address “income inequality” and fund education and social services.
Although voters rejected the tax hike, Pritzker has succeeded in reducing income inequality without it. He did so by driving away the state’s wealthiest person.
Billionaire investor Ken Griffin and his family are moving to Florida.