financial transaction tax chicago protesters arrested

'Now there's training in place, and the officers in the field will know exactly what to do instead of scrambling in a chaotic environment which is what recently happened.' 'We are prepared, unlike the weekend of August 10, when we were completely caught off guard,' Hopkins said. Though officials won't tip their hand, multiple Gold Coast business owners told ABC7 that they were told the drill, in part, involved coordination of pre-positioned police and city vehicles to rapidly block traffic in and out of retail areas, perhaps in response to the use of car caravans by looters.Īlderman Brian Hopkins said after two rounds of looting this summer, the city has improved its response with support from state and federal agencies.

The downtown-wide drill took place in the area bound by Division Street on the north, 18th Street on the south, Clark Street on the west and Lake Shore Drive on the east.

It is not usually considered to include consumption taxes paid by consumers. The tax has been most commonly associated with the financial sector for transactions involving intangible property rather than real property. He owns the Syd Jerome clothing store in the Loop that was hit by both rounds of looting. A financial transaction tax ( FTT) is a levy on a specific type of financial transaction for a particular purpose. 'I'm glad to see that they're now taking it seriously, and they're starting to deploy resources to address the issue,' said Scott Shapiro. The drill came after city officials assured business leaders on a conference call that a plan is in place to guard against future looting, but some business owners remain skeptical. 'So we've spun up our ability to protect ourselves with helmets and rock and bottle shields because people have thrown things at us and we've also created our arrest teams,' he said. Twenty four protesters were arrested and at least two were hurt after a clash with Chicago police in the Loop Saturday.

Financial transaction tax chicago protesters arrested