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I was digging around for some unrelated information and found this newspaper piece. I've redacted some of it.. when do you think this was written? (click below the article text for more)
Connecticut Is Becoming A Lonelier Place
What does Connecticut have in common with [redacted]
besides a more-or-less rectangular shape and a town named
[redacted]?
Connecticut and [redacted] have the highest ratio of
households moving out to households moving in of all 50 states,
according to a survey of moving company records. Statistics
compiled last year, when the recession was still deepening,
showed that for every two households moving into Connecticut,
nearly three were moving out. The inbound-outbound ratio
was just about even in the mid-80s, when the state's economy
was strong.
We don't know the exact reasons for the eagerness of people
to leave these two states, but we would guess that people move
out of [redacted] to make their fortune, and people move out
of Connecticut to keep their fortune. Because of high housing
costs, state and local taxes, and the ever-increasing cost of
health care, businesses and individuals are leaving Connecticut
in record numbers. For many, it has become just too expensive
to live here.
One measure of success for the fiscal plan proposed by Gov.
[redacted]. will be the number of moving vans headed
out of state in the years to come. Will his proposed new tax
structure add to the traffic or help thin it out? Donald KlepperSmith,
the [redacted] economist who
collected these figures for his own projections, expects that over
the next three years Connecticut will lose another 7,000 people.
That's 7,000 fewer people to share the tax burden.
We wish the [redacted] administration and the state Legislature
luck in their efforts to straighten our the state's economy.
Otherwise, Connecticut is bound to become a very lonely place
— like [redacted].
Spoiler
This editorial is from March 7th, 1991, from the Watertown/Oakville Town Times newspaper.
The redacteds are 'North Dakota', 'Fairfield', 'Lowell Weicker' and 'Southern New England Telephone'.
Like Jay has said so many times - it's interesting how people have been preaching the same doom and gloom for 25+ years.. and it just doesn't happen.
The turnaround of North Dakota in recent times gives the piece a bit of irony reading back now, as does knowing how much health care costs have absolutely ballooned since this piece calls them out as being a problem already.
This is interesting. You can probably go back to the 50's and find similar letters with similar concerns. My father had a good friend who use to say that people don't remember things clearly. He said that things always look better from a distance but really there were just as many issues and problems then as there are today. Wise man. Jay
This is interesting. You can probably go back to the 50's and find similar letters with similar concerns. My father had a good friend who use to say that people don't remember things clearly. He said that things always look better from a distance but really there were just as many issues and problems then as there are today. Wise man. Jay
This is interesting. You can probably go back to the 50's and find similar letters with similar concerns. My father had a good friend who use to say that people don't remember things clearly. He said that things always look better from a distance but really there were just as many issues and problems then as there are today. Wise man. Jay
Yep - I remember back in the 70s when workers at Pratt & Whitney used to go on strike every few years, and people would say that all the jobs were headed to low cost "right to work" states like Georgia. Heck, that's the reason my father left Pratt and started his own small business - we couldn't afford to live on the union's strike pay with two small kids in the house and a stay at home mom (at the time, at least)
Meanwhile, 40+ years later, Connecticut is still at (or near) the top of the income charts while Georgia is still near the bottom, and has plunged down the list. Georgia has actually gone backwards in the 2000s - from the mid 20s to the low 40s in per capita income.
Before seeing that it said the 80s, I would have guessed that it was about the recession in the mid 70s.
I thought that too until I saw 1980 in the article. This article makes me think. As long as Wall Street exists in Manhattan and is the center of the financial universe CT will always have very wealthy individuals as long as CT keeps it's taxes lower than NY and NJ. It doesn't matter if the taxes on the wealthy in CT are high compared to the other 47 states..... just as long as they are a bit lower than the 2 other states closest to Wall Street (Manhattan) being NJ and NY.
Yep - I remember back in the 70s when workers at Pratt & Whitney used to go on strike every few years, and people would say that all the jobs were headed to low cost "right to work" states like Georgia. Heck, that's the reason my father left Pratt and started his own small business - we couldn't afford to live on the union's strike pay with two small kids in the house and a stay at home mom (at the time, at least)
Meanwhile, 40+ years later, Connecticut is still at (or near) the top of the income charts while Georgia is still near the bottom, and has plunged down the list. Georgia has actually gone backwards in the 2000s - from the mid 20s to the low 40s in per capita income.
No fan of Georgia here .... but measurements based on gross income makes no sense .... the proper measurement should be based on cost of living ... so if you make 75 k in CT .... a similar lifestyle in Georgia would cost about 50k...includes similar housing .. insurance ... food and gas ...utilities.... taxes ... etc.. reversing the computation ...if you make 150k in Georgia ... you would need 243 K in CT...obviously certain areas are going to be higher or lower ... but statewide ... those are the numbers
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