Connecticut

[SuburbanFarmer]

I've gotta get to work on rain barrels and water filtration. My wheat is sprouting up nicely, after only 5 days in the ground.

[jbird4049]

Holy fuck. They are going to print more money?

If they are just going to print money, instead of giving it to banks, give it to people who are poor and cut taxes on the middle class. Fuck these fucking vampires, printing money and handing it to their banker buddies while the rest of the nation implodes.

I totally agree.

The economist Mark Blyth is not a fan of quantitative easing as it is done. He compared it to sticking a hose of cash through the front door's mail slot and hoping the growing of cash somehow makes it the the tea kettle on the rear of the kitchen's burner which needs to get hotter to brew that tea

Banks use to loan out their free money to people wanting to a house, a car, or start something. Now it's Bonus Time!

[apeman]

1. QE -- and new permutations of CB's buying assets that haven't been cooked up yet --is a permanent condition, won't stop until there are no more CS's.

2. Tax policy obviously matters regarding CT exodus. From yesterday:

http://www.foxbusiness.com/markets/2017 ... years.html

And Aetna is not the only big company jumping ship in Connecticut. Earlier this year General Electric (GE) said it would move its headquarters from Fairfield, Connecticut, where it had been stationed since 1974, to Boston

Tax increases in Connecticut have burdened big businesses operating within the state for years. In 2015 GE, Aetna and Travelers (TRV) wrote a letter to Gov. Dannel Malloy (D-Conn.) saying they were considering “whether it makes any sense” to remain in the state in light of a tax hike approved that year. Aetna said it paid $65 million annually in state taxes to Connecticut as of 2015 and expected that total to increase by 27 percent as a result of the business tax increase.

Without tax income from GE and Aetna, Connecticut’s financial situation could worsen. The three major rating firms have downgraded the state’s rating in response to an ongoing budget crisis. In its most recent downgrade, which landed Connecticut with the third-lowest rating out of every state, Moody's said a dwindling population is contributing to both a weak labor-force growth and a crippled housing market.

What if I told you that this had almost nothing to do with tax policy?

[SuburbanFarmer]

1. QE -- and new permutations of CB's buying assets that haven't been cooked up yet --is a permanent condition, won't stop until there are no more CS's.

2. Tax policy obviously matters regarding CT exodus. From yesterday:

http://www.foxbusiness.com/markets/2017 ... years.html

And Aetna is not the only big company jumping ship in Connecticut. Earlier this year General Electric (GE) said it would move its headquarters from Fairfield, Connecticut, where it had been stationed since 1974, to Boston

Tax increases in Connecticut have burdened big businesses operating within the state for years. In 2015 GE, Aetna and Travelers (TRV) wrote a letter to Gov. Dannel Malloy (D-Conn.) saying they were considering “whether it makes any sense” to remain in the state in light of a tax hike approved that year. Aetna said it paid $65 million annually in state taxes to Connecticut as of 2015 and expected that total to increase by 27 percent as a result of the business tax increase.

Without tax income from GE and Aetna, Connecticut’s financial situation could worsen. The three major rating firms have downgraded the state’s rating in response to an ongoing budget crisis. In its most recent downgrade, which landed Connecticut with the third-lowest rating out of every state, Moody's said a dwindling population is contributing to both a weak labor-force growth and a crippled housing market.

What if I told you that this had almost nothing to do with tax policy?

That is a $50 Billion company, which had revenues of $58 Billion last year.

You think they're upset about $65 million? .001%?

https://finance.yahoo.com/quote/AET?ltr=1

[apeman]

That is a $50 Billion company, which had revenues of $58 Billion last year.

You think they're upset about $65 million? .001%?

https://finance.yahoo.com/quote/AET?ltr=1

Why did Aetna and GE leave CT, since they are apparently lying about leaving for objectively, demonstratively favorable tax arrangements?

[SuburbanFarmer]

That is a $50 Billion company, which had revenues of $58 Billion last year.

You think they're upset about $65 million? .001%?

https://finance.yahoo.com/quote/AET?ltr=1

Why did Aetna and GE leave CT, since they are apparently lying about leaving for objectively, demonstratively favorable tax arrangements?

I haven't the slightest idea. I have no doubt that there are other factors at play.

Regardless, this constant ninnying about tax rates is absurd. Is every nation, state, and city supposed to play Race to the Bottom, in order to have an economy? The city councils somehow think it's their job to grant absurd incentives in an annual bidding war for corporate operations. It's the ultimate corporate-government suckoff, and I'm sick of it.

Cause? Mass distraction, and lack of media coverage on local politics. We are imploding. Set the controls for the heart of the sun.

[Martin Hash]

"Tax people, not business." - me

I don't even understand the concept of taxing business? Without business, there is no community.

Businesses move to places where people want to live, not the other way around. If you want a business to move someplace where people don't want to live, you have to bribe it.

You're excused if you're confused about businesses being people, even SCOTUS is confused.

[SuburbanFarmer]

"Tax people, not business." - me

I don't even understand the concept of taxing business? Without business, there is no community.

Businesses move to places where people want to live, not the other way around. If you want a business to move someplace where people don't want to live, you have to bribe it.

You're excused if you're confused about businesses being people, even SCOTUS is confused.

Ok, then what stops me from creating a shell corporation and hiding my income there?

[Martin Hash]

"Tax people, not business." - me

I don't even understand the concept of taxing business? Without business, there is no community.

Businesses move to places where people want to live, not the other way around. If you want a business to move someplace where people don't want to live, you have to bribe it.

You're excused if you're confused about businesses being people, even SCOTUS is confused.

Ok, then what stops me from creating a shell corporation and hiding my income there?

I also say businesses should NOT be able to hold cash. It should be distributed to the owners every year, and taxed at their rates. Almost all businesses already are "pass through" like that now.

"The only reason for a corporation to hold cash is to evade taxes or steal from minority stockholders." - me

p.s. I know you don't like my podcast presentations but you should at least read the scripts.

[PartyOf5]

What if I told you that this had almost nothing to do with tax policy?

I'd ask you to back it up with some facts. "Kansas" is not an answer.

I'm still waiting GCF.