In a column last week, I noted that Connecticut ranked near the bottom for state tax policy.
And if there was a contest for which state has gone downhill at the fastest pace, the Nutmeg State would likely prevail.
Less than 30 years ago, the state was reasonably competitive, largely because there was no state income tax. But ever since politicians in Hartford got access to that new source of revenue, the state’s finances have spiraled downward.
There are lots of interesting numbers (unfunded pensions, state spending growth, etc) I could share to illustrate the state’s grim outlook.
But sometimes a picture can say 1,000 words.
Some Connecticut communities are having local elections this November. Apparently, based on this horrifying yard sign, Democrats in South Windsor are bragging about “only” imposing a small tax increase.
By the way, they’re not just bragging about a small tax increase rather than a large tax increase. If I read the sign correctly, there have been tax increases every single year for the past decade.
So local Democrats are basically telling voters, “hey, we’re confiscating ever-increasing amounts of your money every year, but you should be grateful since this year’s increase was comparatively small.”
And, given Connecticut’s awful political climate, that’s apparently a winning message!
By the way, I’m not naive. Or at least not hopelessly naive. When I first saw this sign, I thought it was fake. Sort of like this protest sign from the Occupy Wall Street movement.
And since I have been burned before (this doctored Justin Trudeau quote about Brexit), I did some additional research.
I found the Facebook page for the South Windsor Democrats. Lo and behold, there was a campaign video bragging about all the smaller-than-usual tax hike.
They also shared a letter-to-the-editor bragging about how taxes “only” increased 1.9 percent this year.
It’s possible, of course, that someone went through all the trouble of creating fake signs, fake Facebook pages, and fake letters-to-the-editor. But that doesn’t seem to be the case.
This is real. Connecticut is such a mess that candidates try to get votes by bragging about confiscating more money, but at a slower rate of increase.
The only possible advice I have for state residents is to move. Florida would be a good choice.
P.S. South Windsor Democrats might actually have a semi-compelling message if Republicans had been in charge for the previous nine years and had been increasing taxes every year by more than 1.9 percent (and there certainly are plenty of terrible Republicans). But if that was the case, I assume they would have mentioned that in their campaign literature.
P.P.S. Since I’m not partisan, here’s some advice for South Windsor Democrats. Adopt D.C.-type budgeting and build in a “baseline” showing 5 percent annual tax increases. Then, when you “only” raise taxes by 1.9 percent, you can tell voters you actually gave them a 3.1 percent tax cut. You may be thinking that’s ridiculously dishonest and beyond the pale (and it is), but that’s how they do budgeting in Washington.
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FYI, my address 1968-1972 ,45 Lake st ,South Windsor CT. Was a very nice place to live then and a few years ago when i revisited still appeared affluent suburbia.I was employed by an automation machinery mfr as a mech engr and later supervisor of machine assembly and test and installation. CT was a high tech mfg state at the time providing high incomes to white and blue collar workers and professional jobs to the insurance industry and financial business of southern CT and NY city.Puerto Rican migrants were beginning to make their presence known in large numbers from an influx beginning after WWII, locating mostly in Hartford and Bridgeport. Companies using unionized labor began their relocation to southern states to avoid the union negatives. Japanese machine tool mfrs soon eliminated the large machine tool industry of CT with their modern computer controlled machines.More companies started outsourcing parts from Japan and southern Europe.Many of these factors helped create the need for increasing taxes in CT.The rest is history where all demand went to China to illustrate free market capitalism in it’s finest hour. In the span of 40-50 years the American consumer has helped China create the greatest military/economic success ever.Missed seeing you this year but kept tuned to Fox where I saw your guest appearances citing prudent economic wisdom for the then situation.Hope you had a good softball season. My skills are beginning to fail a bit but still playing in American div this fall.Wishing you the best Bill Lear
Connecticut used to be the go-to state for incorporating a new business. Would you still consider it to be a good choice considering the business-friendly aspects of the legal climate, or do the adverse tax policies tip the balance against the state in favor of a new favorite for you?
😉