How Did Rich Connecticut Morph Into One Of America's Worst Performing Economies?
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When investors and entrepreneurs consider important decisions like where to establish a residence, where to operate a business and, yes, where to die, they compare their options. From a financial point of view, Connecticut turns out not to be a great option.
I love this state, or parts of it anyway. However, it is one of those states, like California, which once were independent-minded and traditionalist Yankee Red, but gradually turned Blue and then finally Dark Blue. They took their prosperity for granted. Farms, inventors, entrepreneurs, booming factories, great private schools, and great universities and colleges; the summer homes of the prosperous of NYC and even Hollywood; a charming coastline great for swimming, sailing, and fishing; old-time Yankee towns and virtues.
Jobs for all. Minimal taxation. A huge middle-class, with more upper-middle than most states had, to spread their money around. Huge Hartford insurance industry. Horses, cattle, fine Connecticut shade tobacco. Old town greens with their Congregational churches. Town Meeting governments where every wise old guy and every crank had his say. The southern half is close to NYC, and the northern half goes to Boston for baseball and football and hockey. Good choices.
Government policies did their damage. State taxes and local property taxes. Unions corrupted urban governments, along with some of the immigrant Mafioso components. Semi-skilled blacks from the rural South moved north in a vast migration for the industrial jobs, jobs which fled this high-tax, heavily-unionized post-War state leaving them with nothing while immigrant Mexicans happily do most of the hard labor and even skilled labor like masonry and construction, and are happy to work in our Dunkin Donuts shops.
For many businesses and many individuals, economics now trump sentimental home-town and home-state attachments.
Probably, like many Californians, government is doing their best to drive me away but it's still home to me. Roots, family, friends, traditions, church, clubs, colleagues. Some of my wealthy friends retire to elite enclaves in Florida for six months plus one day, and spend the rest of their time up here. Not that they really retire, but you know what I mean: they keep working via the internet and phone.
Attorneys and accountants are needed to minimize the damage of the government greed which, unlike private desire for profit, comes to us at gunpoint.
Nothing about Florida holds any charm for me (sorry, Florida readers). It's just how I feel. I have enjoyed visits to the Everglades, and other places in Florida. But not to live. It's just not my subculture.
Now I must be off to a neighborhood cocktail party. Some of the old traditions persist amongst the traditionalist old minority here, where a blazer and tie are still never the wrong attire for a Connecticut Yankee.
Nobody has informed Bridgeport about that yet, but I still hold some hope for that old town if they can starve out the mob, the unions, and etc. "Park City."
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