Wednesday, March 26, 2014

This Week's Connecticut Economic Observations

I am back from a too brief visit with family in Florida.  I am always amazed at the lower taxes in Florida as compared to here in Connecticut.  No state income tax in Florida and much lower property taxes.
I also can see how middle class taxpayers here in Connecticut are the true servants to our state government.  State government and Hartford's Omnipotent One  Party Rule represents those politically connected not those who work for a living.  We can see the massive indifference by our elected officials here in Connecticut towards those who they supposedly represent.
For example and a continuing example is the massive amounts of free taxpayers monies which are given out by Hartford's Omnipotent One  Party Rule through the Department of Economic and Community Development (DECD).  We still have no answers on the $400,000,000 that is given out freely and it seems to me without any qualifiers except for not paying much of it back.   I am curious as to what would happen if we did not pay our state taxes, would they be forgiven?
We see now a politically connected individual Anthony Avallone, a 67 year-old former Democratic State Senator, being appointed to a State Judge position and thus qualifying for a massive pension in just three short years.   Apparently he can receive a mere $104,000 a year after three years as a Judge.
I hope he enjoys that sweet taxpayer funded deal due to his political connections.
Connecticut Network CTN, which is the taxpayer funded General Assembly television network watched by many(?) of our state elected officials is scheduled to see its budget increase from a mere $2.5 million a year to $6 million a year through this unseen piece of a new law being promoted in our General Asssembly:
Section 1. Section 2-71x of the general statutes is repealed and the following is substituted in lieu thereof:
For the fiscal year ending June 30, [2007] 2014, and each fiscal year thereafter, the Comptroller shall segregate [two million five hundred thousand] six million dollars of the amount of the funds received by the state from the tax imposed under chapter 211 on public service companies providing community antenna television service in this state. The moneys segregated by the Comptroller shall be deposited with the Treasurer and made available to the Office of Legislative Management to defray the cost of providing the citizens of this state with Connecticut Television Network coverage of state government deliberations and public policy events.

No big deal what is another $3.5 million of taxpayer's monies?

And so it continues-Hartford's Omnipotent One Party Rule ruining Connecticut economically day by day. Connecticut Taxpayers must support this economic regime day by day also.

Wednesday, March 12, 2014

Another Day - Another New Connecticut Utopian Law Proposal

It is another day here in Connecticut, land of economic lasts.

And being another day here in economic lasts, Hartford's Omnipotent One Party Rule has hatched a new plan to spend taxpayers monies.
This new law proposal wants to provide a state retirement pension system for those private sector workers who do not have one where they work.

Senate Majority Leader Martin Looney of New Haven and House Majority Leader Joseph Aresimowicz of Berlin have developed this Utopian/Orwellian plan, both noting they do not know what it will cost the state. Does any elected official know what any programs costs the state? Probably not, but one does not worry about that when you are an elected official in the State of Connecticut. A state of economics lasts in the country.The details naturally are sketchy at this time for this pension plan (sort of like Obamacare), but I thought that was what Social Security was for? I thought Social Security was supposed to take care of us when we retire after paying in taxes to support it for let say give or take 50 years of working-if one starts at age 16 and works until 65. However that is not true now, because you will not receive a large Social Security check when you retire for apparently a variety of economic reasons, the biggest reason being that Social Security is a pyramid scheme and bankrupt (but we will not talk about that).

Here are some free market solutions to this new manufactured Hartford's Omnipotent One Party Rule crisis.
Cut state taxes so that taxpayers who actually work for a living would have more money to save and invest for their retirements (which are hopefully out of Connecticut). Yes cut state taxes. Cut taxes as much as possible. Reduce state government at the same time. Stop micromanaging every aspect of a taxpayer's life here in the state of economics lasts in the country.
However, it is another day here in Connecticut, land of economic lasts. The windows of economic opportunity continue to close daily here in Connecticut, land of economic lasts.
Stop spending taxpayer's monies in these ridiculous programs.

Tuesday, March 04, 2014

Yet More Corporate Welfare In Connecticut Using Taxpayers Dollars

Connecticut is ranked 49 out of 50 states in Fiscal Condition along with many other near last economic categories according to a report recently released by the Mercatus Center of George Mason University.
And Mr. Malloy has given more corporate welfare this time to UTC in the form of a mere $400 million dollar tax break for keeping them here for 15 years and Sikorsky here for five more years before they will probably move.  As part of this agreement UTC must create 400 jobs and invest in a new headquarters in East Hartford along with some other supposed investments.
Whether it is the First Five program, the Department of Economic and Community Development (DECD)  for which taxpayers pay $15.6 million for 212 employees or a golf network which still has yet to broadcast, taxpayers monies are given out freely and usually with no strings attached.  
What is the point of giving taxpayers monies to large companies which are already located here in Connecticut?  They can threaten to move and thus they are granted taxpayers monies to stay.  And in turn many of these same companies employees can give legally donations to the Connecticut Democratic party. What a waste of taxpayers monies.
Connecticut taxpayers must be obedient  to Hartford's Omnipotent One Party Rule.  Taxpayers serve Hartford's Omnipotent One Party Rule by giving their tax dollars to them.  We as taxpayers are at the mercy of a corrupted state political system.  Corporate welfare is just another shining example of this farce called state government.  In a private industry situation we would see our state government fired for economic incompetency and fraud.  In Connecticut the governmental ruling elite is praised and glorified by those who benefit from them.  
It is a corrupted government that we as taxpayers serve here in Connecticut.  It seems like a lost cause.