[htfdcolt]

Originally Posted by hartford_renter

As has been discussed AGAIN AND AGAIN GE DID MENTION TAXES!!!!!!!!!!!!!!

READ THE LINK

GE Leaves Connecticut for Boston: Blame Taxes | National Review

In fairness, this link is a pure opinion piece. It never quotes GE sources, named or unnamed, as citing taxes as a reason for the move.

Having said that, the real reasons for the move should not make CT feel any better.

[kidyankee764]

Originally Posted by hartford_renter

As has been discussed AGAIN AND AGAIN GE DID MENTION TAXES!!!!!!!!!!!!!!

READ THE LINK

GE Leaves Connecticut for Boston: Blame Taxes | National Review

It doesn't matter what they said. Look at reality - they didn't save much by moving to MA. If taxes were their real reason, they'd be in TN.

[BobNJ1960]

Originally Posted by htfdcolt

In fairness, this link is a pure opinion piece. It never quotes GE sources, named or unnamed, as citing taxes as a reason for the move.

Having said that, the real reasons for the move should not make CT feel any better.

The reality is, if it were 100% tax related, Ct would be in better shape. I do think many corp hqs, like GE, will abandon suburbia for large cities, and that is not something Ct can offer them.

[Sigequinox]

Originally Posted by kidyankee764

It doesn't matter what they said. Look at reality - they didn't save much by moving to MA. If taxes were their real reason, they'd be in TN.

They are getting much more value for their money. Even if they broke even it would be a winning move, the fact that they saved anything is only a bonus. They walked into the dealership and traded up from a Toyota Camry to a BMW 5 series and somehow saved. I feel the same way at the personal income tax level. Wouldn't care about the taxes if I thought I was getting even half the value I paid. Unfortunately there's just too many places that equal or excel CT and cost 1/3 of the taxes. We pay more and get less (as middle class folks anyway)

[kidyankee764]

Originally Posted by Sigequinox

They are getting much more value for their money. Even if they broke even it would be a winning move, the fact that they saved anything is only a bonus. They walked into the dealership and traded up from a Toyota Camry to a BMW 5 series and somehow saved. I feel the same way at the personal income tax level. Wouldn't care about the taxes if I thought I was getting even half the value I paid. Unfortunately there's just too many places that equal or excel CT and cost 1/3 of the taxes. We pay more and get less (as middle class folks anyway)

I don't disagree, but saying they moved solely to save on taxes is not at all true.

[RonaldusMagnus]

Originally Posted by kidyankee764

It doesn't matter what they said. Look at reality - they didn't save much by moving to MA. If taxes were their real reason, they'd be in TN.

Taxes is a major part of the reason. It is undeniable. Both people and corporations are voting with their feet and fleeing high tax areas. MA while not great offered the chance to stay regionally close while offering relative tax relief. It is nothing more than economics 101 - tax something you will get less of it.

Just look at Malloy offering other companies financial incentives to stay and it is obvious what is going on.

[BobNJ1960]

Originally Posted by RonaldusMagnus

Taxes is a major part of the reason. It is undeniable. Both people and corporations are voting with their feet and fleeing high tax areas. MA while not great offered the chance to stay regionally close while offering relative tax relief. It is nothing more than economics 101 - tax something you will get less of it.

Just look at Malloy offering other companies financial incentives to stay and it is obvious what is going on.

The big picture folks miss is while Ct pays greenmail to retain existing corps, other states use their economic incentives not to retain, but to get more to come to them.


What Malloy has to do paying greenmail is like you paying your boss every payday a bribe to keep your job.

[RonaldusMagnus]

Originally Posted by BobNJ1960

The big picture folks miss is while Ct pays greenmail to retain existing corps, other states use their economic incentives not to retain, but to get more to come to them.


What Malloy has to do paying greenmail is like you paying your boss every payday a bribe to keep your job.

Agree. Bad fiscal policy gives way to crony incentives given out on an ad hoc basis while other states attract capital.

[hartford_renter]

Originally Posted by kidyankee764

It doesn't matter what they said. Look at reality - they didn't save much by moving to MA. If taxes were their real reason, they'd be in TN.

That isn't true at all. Look at it this way, taxes and location are two parts of the equation of where GE decides to go.

They saved money going to MA AND they get a better location. The point is that if CT wants to retain businesses they have to have a better tax structure if their location is inferior.

MA has a better location and tax structure so it was a no brainer. If politicians want to keep businesses from leaving there has to be a reason to stay, and their isn't.

You can't raise taxes and expect nothing to happen. This scenario reminds me of Aetna's decision to drop out of 70% of the Obamacare exchanges. Its the same principle, they are losing money and are better off getting out of the market.

In this case businesses are better off leaving CT for greener pastures for either tax or location reasons. Its very simple, but we need to stop the constant lying about why companies are choosing to go.

All I ask is that the lying stop

[RonaldusMagnus]

Originally Posted by hartford_renter

That isn't true at all. Look at it this way, taxes and location are two parts of the equation of where GE decides to go.

They saved money going to MA AND they get a better location. The point is that if CT wants to retain businesses they have to have a better tax structure if their location is inferior.

MA has a better location and tax structure so it was a no brainer. If politicians want to keep businesses from leaving there has to be a reason to stay, and their isn't.

You can't raise taxes and expect nothing to happen. This scenario reminds me of Aetna's decision to drop out of 70% of the Obamacare exchanges. Its the same principle, they are losing money and are better off getting out of the market.

In this case businesses are better off leaving CT for greener pastures for either tax or location reasons. Its very simple, but we need to stop the constant lying about why companies are choosing to go.

All I ask is that the lying stop

Bingo.