[Mike 75]

Originally Posted by raider111

wealth rankings are incorrect.
Fairfield is 16th, trumbull is 40th, can't be

lol.

[DigitalMilford]

Originally Posted by GoHuskies

Fought with what?

I hope you realize part of the reason people pay insane prices for bay area real estate is the experience of living in CA. Ask most bay area residents, especially millennials if they would consider moving to CT with a high paycheck. The answer will be hell no.

Leaders at GE and other companies have said that the future workforce they need to hire is leaving Connecticut. Taxes and high COL is only one aspect and not all that important IMO. The bay area is expensive yet there seems to be no end to the housing bubble there. Might be becomes the bay area offers more for younger workers than the parents sleepy suburb in CT. The same warning signs are appearing down here in NJ... millennials leaving and everyone finger pointing.

I doubt voting in a row of elephants over donkeys is going to change this trend.

Fabulous summary.

What many can't relate to is that these kids don't care a lick about owning a boat or 500 extra square feet of living space.

The people constantly complaining about taxes-- with no good solutions to issues-- are all about getting more bang for their buck. For many millennials, more bang for your buck means living in a dynamic exciting place like Brooklyn or SFO. It's having 24 hour Chinese food and good public transport. It's having everything at your fingertips. Low taxes so they can more easily afford a house in Fairfield will not solve the problem.

We're experiencing brain drain because what we offer is not currently congruent with what grads want. They wouldn't come here if the tax rate were zero if many other things didn't change.

[GeoffD]

Originally Posted by DigitalMilford

We're experiencing brain drain because what we offer is not currently congruent with what grads want. They wouldn't come here if the tax rate were zero if many other things didn't change.

What are the real numbers on brain drain? Native 20-somethings who went to top-tier universities and then left the state? I'll bet that other than California, Connecticut is better than average nationally. If you're from Iowa and have your freshly printed Ivy degree in something useful, what are the odds you're headed back to Iowa?

I imagine the people being pushed out the most are the people who aren't likely to ever be the high earners with the brains to create intellectual property. You're not going to be able to afford the housing unless you inherit it.

[beerbeer]

The New York Times weighs in on Hartford/Connecticut economic troubles.

https://www.nytimes.com/2017/08/15/n...pad-share&_r=0

The real problem is that the state never learns that raising taxes is not a solution. Malloy put through the largest tax increase in Connecticut history in his first term. The state was back in the same situation in his second term. Higher taxes solved nothing.

[ayoskillz]

Originally Posted by beerbeer

The New York Times weighs in on Hartford/Connecticut economic troubles.

https://www.nytimes.com/2017/08/15/n...pad-share&_r=0

The real problem is that the state never learns that raising taxes is not a solution. Malloy put through the largest tax increase in Connecticut history in his first term. The state was back in the same situation in his second term. Higher taxes solved nothing.

Rasing taxes does help problems. It just in ct when taxes where raised other spending went up so that's why it seems that way

[JayCT]

Connecticut ranks 17th is growth of middle market companies. Not bad for a state that is supposedly has such a poor economy. Jay

CT 17th in U.S. for growth of middle-market firms | HartfordBusiness.com

[BPt111]

Originally Posted by JayCT

Connecticut ranks 17th is growth of middle market companies. Not bad for a state that is supposedly has such a poor economy. Jay

CT 17th in U.S. for growth of middle-market firms | HartfordBusiness.com

The 10 states experiencing the highest growth in number
of middle market firms from 2011 to 2017 are Texas, Ohio, Michigan, Indiana, Delaware, Illinois, Missouri, Louisiana, North Carolina and Utah

http://about.americanexpress.com/new...index-2017.pdf

[BPt111]

Vote on budget could be September 11 but way things is it could be longer

Budget Vote Could Be Week of Sept. 11 - Hartford Courant

[Robert137]

Originally Posted by BPt111

Vote on budget could be September 11 but way things is it could be longer

Budget Vote Could Be Week of Sept. 11 - Hartford Courant

It will take them a while to cook up the tax increases that are coming.

[Stylo]

Originally Posted by DigitalMilford

Fabulous summary.

What many can't relate to is that these kids don't care a lick about owning a boat or 500 extra square feet of living space.

The people constantly complaining about taxes-- with no good solutions to issues-- are all about getting more bang for their buck. For many millennials, more bang for your buck means living in a dynamic exciting place like Brooklyn or SFO. It's having 24 hour Chinese food and good public transport. It's having everything at your fingertips. Low taxes so they can more easily afford a house in Fairfield will not solve the problem.

We're experiencing brain drain because what we offer is not currently congruent with what grads want. They wouldn't come here if the tax rate were zero if many other things didn't change.

Bingo. A couple percentage points in taxes isn't going to cut it. Pun intended?