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.