Millionaire Tax Vote Opens Door to New Clash Over Chicago Wealth

Chicago's recent vote on a millionaire tax has reignited a long-standing debate over how to address wealth inequality in the city.

The tax, which passed with 63% of the vote, will impose a 0.75% tax on income over $1 million.

The revenue from the tax is expected to generate $482 million in its first year, which will be used to fund social programs and infrastructure projects.

Supporters of the tax argue that it is necessary to address the growing gap between the rich and the poor in Chicago.

They point to data showing that the city's wealthiest 1% of residents own more wealth than the bottom 90% combined.

Opponents of the tax argue that it will hurt the city's economy.

They say that the tax will drive away wealthy residents and businesses, and that it will stifle job growth.

The debate over the millionaire tax is likely to continue for some time.

The tax is expected to face legal challenges, and it could be repealed or modified by the city council in the future.

In addition to the millionaire tax, there are a number of other policies that have been proposed to address wealth inequality in Chicago.

• These include raising the minimum wage, expanding affordable housing, and investing in education and job training.

The debate over wealth inequality is not unique to Chicago.

It is a growing issue in cities across the United States and around the world.

As the gap between the rich and the poor continues to widen, it is likely that we will see more debates over policies to address this issue.