To continue with several more points from blog last week on 10/9/21 about the massive debt and unfunded liabilities Connecticut has that amounts to $62500 per taxpayer I would like to focus on several possible solutions to this coming bankruptcy for Connecticut.
There seems to be an excessive amount of state employees who receive above averages wages, salaries, benefits and pensions. Some of these same state employees will state that they deserve these above average wages, salaries and pensions since they work for the state. Most of them are unionized employees that I assume are unionized in order to protect them from the apparently harsh and inhumane working conditions that they are facing in the state. Most of them are unionized employees also so that they are able to receive these above average wages, salaries, benefits and pensions that are funded by the Connecticut Taxpayers. I and many others can not see what they are being protected from and why they are being paid these above average wages, salaries and pensions. In turn for this protection these same unions endorse only the Connecticut Democrat Party and their candidates on a local, state and federal level. Thus we also see a trade off for votes for these above average wages, salaries, benefits and pensions. There never seems to be a realistic view of what all these above average wages, salaries, benefits and pensions are costing Connecticut Taxpayers nor of how they are contributing to this $62500 debt tax. Studies have been done over the years discussing these above average wages, salaries, benefits and pensions for state workers but little if anything is done about it. We also have seen over the years that if a State Representative or State Senator loses an election some of them somehow find a state job with above average wages, salaries, benefits and pensions for themselves. If they are short years for a state pension it seems like jobs are created for these same State Representatives or State Senators so that their pensions may grow and or be increased in monetary value. I know of no report over the years that has been commissioned or developed to record the amount of political patronage jobs that were created since 1991 and how much it has cost Connecticut Taxpayers. I am confident it is in the millions of dollars. Why are we paying so much in these above average wages, salaries and pensions and receiving questionable if not little to no value for the state in return since the state is so badly managed? Why can't this issue be addressed?
Executive Order Governor Ned Lamont has benefited from the never ending Connecticut Covid-19 crisis. Several companies that his family's hedge fund own have received no bid Connecticut State contracts that they apparently have profited from. We do not know how much the Governor or his hedge fund has paid in Connecticut state taxes (the last income and tax summary for the Governor was from 2017, I can not obtain any newer information on either personal or business taxes paid from 2018 on) or how much profit was obtained by these same contracts. Why is this information so secret? Does the Governor's family hedge fund even pay taxes in the state? We do not know nor apparently are we allowed to know as Connecticut Taxpayers.
One can also argue that for a state as small as Connecticut why is it spending so much money? Where does the money actually go? If one looks at the last state budget we see an enormous amount of the state budget goes to debt payments and to state employee wages, salaries, benefits and pensions even though each year we are told there is somehow some sort of shared sacrifice going on to lower these costs. With a $62500 debt per Connecticut Taxpayer one could argue that the state way overspends on its budget and has little results from it since the state ranks last or near last in most economic categories and near the top in highest taxes in the country. Connecticut taxpayers are not getting value for their hard earned tax monies.
Connecticut needs a serious austerity based state government economic plan to cut spending, reduce the state's workforce, find ways to save money anywhere and everywhere, do much more with much less and learn what real sacrifice is as Connecticut Taxpayers have learned since the Utopian Lowell Weicker State Income Tax was force fed on them in 1991 taking away their income. Connecticut needs a real budget for real times that cuts state spending rather than just shove items off budget. Connecticut's State Government must learn to work for Connecticut Taxpayers not the other way around. Connecticut needs to change or it will really face bankruptcy sooner than later. Connecticut Taxpayers don't need to accept this $62500 tax. It truly is "Taxation Without Representation".
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