Connecticut Needs More Revenue. Welcome To The Covid-19 Cash Flow

 

Can Connecticut ever spend enough Connecticut Taxpayer’s monies?  Can Connecticut ever tax enough goods/services/licenses/fees to support its state government spending habit?  Can Connecticut ever get enough revenue from any source to spend in any way they wish to promote their failed socialist agenda that seems to be the norm coming out of Hartford in 2021?

I am shocked as a taxpayer to see how much money is being poured into the state from the $4.2 billion that Connecticut will be receiving under the latest federal stimulus plan.  Apparently $2.7 billion in funds will be sent to the state with no strings attached as to how to spend it.  And I am confident there is currently a great deal of political posturing going on at this time to make sure most of this money will go to politically connected groups/programs and individuals with little mention of either health or economic value to the state to get itself out of its current and persisting economic recession/depression that it is in.  After all Ned Lamont’s Executive Order Governorship still continues until April 20th.  Although he is promising to work with the State Legislature on how to spend the money, I am highly skeptical that will occur.  The money will be earmarked for unnecessary and economically incoherent programs that will do little for our state economy.

How about using that $2.7 billion dollars to cut $2.7 billion dollars in state taxes.  The $2.7 billion dollars would then be reinvested through spending and investments by its citizens and businesses in the state to actually provide private sector economic stimulation thus growing the economy, increasing salaries and wages, along with increased business expansion and increased consumer spending.  The spending and expansion would also increase tax revenues for the state in both the short and long run.

I wonder if this suggestion would be forthcoming by anyone in our elected state government.  Or are we in store for an incredible and incomprehensible array of wasted spending that will do little for the state’s economy?    Maybe our illustrious Governor and the State Legislature should realize that the state is getting Connecticut Taxpayer’s monies from the Federal Government that is essence not “free” in any way, shape or form.  They should use this money with great care and to have the greatest economic impact for the state.

Will this happen?  I highly doubt it.  

Connecticut’s State Government to me is just a power grab, using Connecticut Taxpayer’s hard earned tax dollars for personal profits, personal economic gains, and an incoherent and inefficient state union and management employment scheme and to further a failed form of an irrational state government that only the politically connected can use and benefit from.  Welcome to this new cash cow that will be misspent very quickly.  Free Connecticut from this economic misery.