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Old 11-22-2019, 07:33 PM
 
21,620 posts, read 31,207,908 times
Reputation: 9775

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Quote:
Originally Posted by Wilton2ParkAve View Post
Partial credit - there was an earlier push for an income tax in the mid 70s which was touted as temporary. Plenty of press that confirms.
That was over a decade prior to the introduction of the income tax the state republicans are incessantly bringing up.

 
Old 11-27-2019, 05:17 AM
 
21,620 posts, read 31,207,908 times
Reputation: 9775
Quote:
Originally Posted by JayCT View Post
You want me to find a source that says something isn’t happening??? That makes no sense. If it was happening this analysis would certainly say so because it is very favorable news. Instead this analysis says the income growth is due to jobs created internally and the low paying tourist industry showing strength. The burden of proof is now on you to prove otherwise. But you are right, further discussion should not be here. It should be on the Economic Climate thread. Jay
Yes. The statement was made that 122k jobs aren’t leaving with the people who held them. I say the state that people are relocating to the most out of the region is FL, which has experienced insane income jumps and job gains according to sources previously posted, it’s sort of obvious they are. Again if we are going to be matter of fact in stating they are not, I’d be curious to see a source backing that opinion.
 
Old 11-27-2019, 09:03 AM
 
Location: Connecticut
34,933 posts, read 56,945,109 times
Reputation: 11228
Quote:
Originally Posted by kidyankee764 View Post
Yes. The statement was made that 122k jobs aren’t leaving with the people who held them. I say the state that people are relocating to the most out of the region is FL, which has experienced insane income jumps and job gains according to sources previously posted, it’s sort of obvious they are. Again if we are going to be matter of fact in stating they are not, I’d be curious to see a source backing that opinion.
Stop being ridiculous. You can’t cite a source for something that does not exist.

The attached report from the Florida Legislature Office of Economic and Demographic Research shows that healthcare and social services are the leading contributors to the wage increases as well as growth in the Accommodation and Food Services sector tied to the state’s huge tourist industry which is doing well because the national economy is doing well. None of those are types of jobs that are transferred from other states. So again, there is nothing showing the transfer of $122,000 a year jobs there. If there were significant high paying jobs being transferred into the state, this report would have noted it. The burden of proof is now on you to find a source that says a significant number of high paying jobs are being transferred into the state.

Also note that the report indicates that the number of Baby Boomers in the state continues to rise. That’s proof that retirees are moving there (big news huh?). Interestingly the state’s per capita personal income growth has lagged the national average for the past three years. Florida has a low job participation rates and a higher than national average rate of long-term unemployed. At best this is a very mixed economy. Jay

http://edr.state.fl.us/Content/prese...ew_8-26-19.pdf
 
Old 11-27-2019, 09:19 AM
 
1,241 posts, read 902,829 times
Reputation: 1395
The same report you post also clearly states that part of the growth in income comes from population growth. Since babies aren’t earning income it is safe to assume it’s people moving into the state that is leading to income growth.

Of interest to this discussion may be this article:

https://www.google.com/amp/s/www.blo...lorida-profits


From that article: “The average gross incomes of people moving to Florida from 10 states and Washington, D.C. exceeded $100,000, with those from Connecticut averaging $253,000.”


Quote:
Originally Posted by JayCT View Post
Stop being ridiculous. You can’t cite a source for something that does not exist.

The attached report from the Florida Legislature Office of Economic and Demographic Research shows that healthcare and social services are the leading contributors to the wage increases as well as growth in the Accommodation and Food Services sector tied to the state’s huge tourist industry which is doing well because the national economy is doing well. None of those are types of jobs that are transferred from other states. So again, there is nothing showing the transfer of $122,000 a year jobs there. If there were significant high paying jobs being transferred into the state, this report would have noted it. The burden of proof is now on you to find a source that says a significant number of high paying jobs are being transferred into the state.

Also note that the report indicates that the number of Baby Boomers in the state continues to rise. That’s proof that retirees are moving there (big news huh?). Interestingly the state’s per capita personal income growth has lagged the national average for the past three years. Florida has a low job participation rates and a higher than national average rate of long-term unemployed. At best this is a very mixed economy. Jay

http://edr.state.fl.us/Content/prese...ew_8-26-19.pdf
 
Old 11-27-2019, 09:37 AM
 
Location: Connecticut
34,933 posts, read 56,945,109 times
Reputation: 11228
Quote:
Originally Posted by JGBigGreen View Post
The same report you post also clearly states that part of the growth in income comes from population growth. Since babies aren’t earning income it is safe to assume it’s people moving into the state that is leading to income growth.

Of interest to this discussion may be this article:

https://www.google.com/amp/s/www.blo...lorida-profits


From that article: “The average gross incomes of people moving to Florida from 10 states and Washington, D.C. exceeded $100,000, with those from Connecticut averaging $253,000.”
But that population growth are retirees, not people with jobs. Again if there were a significant number of new high paying jobs, the Florida Report would have indicated it. Jay
 
Old 11-27-2019, 10:04 AM
 
996 posts, read 379,013 times
Reputation: 453
Think for a minute how the economic climate in CT would be improved if Seniors didn't leave CT because of the taxation levels. Retired or not, they still spend money.
 
Old 11-27-2019, 11:09 AM
 
Location: Connecticut
34,933 posts, read 56,945,109 times
Reputation: 11228
Quote:
Originally Posted by Fuele View Post
Think for a minute how the economic climate in CT would be improved if Seniors didn't leave CT because of the taxation levels. Retired or not, they still spend money.
That is why the state is increasing the income exemption for seniors to $75,000 in the coming years. That will make the state more attractive to retirees looking to stay. Still many retirees move to Florida because of its warmer climate. That’s something we cannot change. Jay
 
Old 11-27-2019, 11:19 AM
 
996 posts, read 379,013 times
Reputation: 453
Quote:
Originally Posted by JayCT View Post
That is why the state is increasing the income exemption for seniors to $75,000 in the coming years. That will make the state more attractive to retirees looking to stay. Still many retirees move to Florida because of its warmer climate. That’s something we cannot change. Jay
Well despite my complaints about CT , when I retire soon, the last place I would move to is Florida. I will stay here because it meets my needs and I know the terrain.

In regards to the climate that we can't change, I thought we were getting warmer by burning fossil fuels.
 
Old 11-27-2019, 11:43 AM
 
21,620 posts, read 31,207,908 times
Reputation: 9775
Quote:
Originally Posted by JayCT View Post
Stop being ridiculous. You can’t cite a source for something that does not exist.

The attached report from the Florida Legislature Office of Economic and Demographic Research shows that healthcare and social services are the leading contributors to the wage increases as well as growth in the Accommodation and Food Services sector tied to the state’s huge tourist industry which is doing well because the national economy is doing well. None of those are types of jobs that are transferred from other states. So again, there is nothing showing the transfer of $122,000 a year jobs there. If there were significant high paying jobs being transferred into the state, this report would have noted it. The burden of proof is now on you to find a source that says a significant number of high paying jobs are being transferred into the state.

Also note that the report indicates that the number of Baby Boomers in the state continues to rise. That’s proof that retirees are moving there (big news huh?). Interestingly the state’s per capita personal income growth has lagged the national average for the past three years. Florida has a low job participation rates and a higher than national average rate of long-term unemployed. At best this is a very mixed economy. Jay

http://edr.state.fl.us/Content/prese...ew_8-26-19.pdf
All of the below sources show that Wall Street execs are relocating operations to FL and taking their high paying jobs with them.

https://www.google.com/amp/s/www.fox...re-florida.amp

https://www.bdb.org/news/2019/08/07/...n-three-years/

https://www.wptv.com/news/region-n-p...xes-in-florida

https://www.google.com/amp/s/www.biz...south.amp.html

https://www.floridadaily.com/miami-i...-of-the-south/
 
Old 11-27-2019, 01:02 PM
 
Location: Connecticut
34,933 posts, read 56,945,109 times
Reputation: 11228
Quote:
Originally Posted by kidyankee764 View Post
Three of these are based on the same press release from the Palm Beach County’s Economic Development Department touting their program. Hardly an unbiased account. None of these have anything about the number of jobs involved. Again, if this was a significant trend the legislature report would have indicated so. Jay
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