Kill the goose that lays those pretty golden eggs.
HARTFORD, Conn. (WTNH)–Connecticut’s state budget woes are compounding with collections from the state income tax collapsing, despite two high-end tax hikes in the past six years.
It means the current budget year, which ends in just two months, is now seriously in the red and next year’s deficit has ballooned to $2.2 billion.
It’s happening because the state of Connecticut depends too much on its wealthy residents, and wealthy residents are leaving, and the ones that are staying are making less, or are not taking their profits from the stock market until they see what happens in Washington.
Why, that’s just wrong, those rich bastards. HOW DARE THEY?!? Obviously, what Connecticut needs to do is just pass a law preventing anybody from leaving. That ought to fix things nicely.
Whether it’s Venezuela or Connecticut, the end stages of socialism are never pretty. But somehow, they always ends up looking pretty much the same.