Wealth Redistribution’s Working in CT!

Problem is, I’m not sure in with direction the “redistribution” is occurring:

Is it from rich to poor?

“27,000 Unemployment Benefit Recipients Received Someone Else’s Tax Info: State”

…seems they received their UC-1099-G Unemployment Compensation income statements with someone else’s Social Security number and personal information on it – allowing them to “augment” their income through identity theft if they wanted to be, shall we say, “entrepreneurial“.

Or, from poor to rich?

“Comptroller Kevin Lembo today announced that [Connecticut's] General Fund is currently on track to end Fiscal Year 2014 with a surplus of $273.3 million”

…frankly, I’m amazed that Gov. Dannel P. Malloy – does the “P.” stands for “Progressive“? – was able to turn around the State’s $3.6 BILLION deficit in 2007 into a surplus. The $1.5 Billion in concessions by Connecticut’s public service Unions certainly helped, but perhaps it was Gov. Malloy’s 21% increase in utility rates, the largest tax increase in Connecticut’s history (along with a tax amnesty to go along with it), a record amount of inheritance taxes from the dearly wealthy departed, a host of budget diversions, and massive borrowing to cover operating expenses that did the trick.

It’s a shame CT doesn’t follow the example of Texas, who’s expecting an $8.8 BILLION surplus from Republican Governor Rick Perry’s “Texas Budget Compact“:

“…truth-in-budgeting, support a stricter constitutional limit on spending, make the small business tax exemption permanent, preserve our strong Rainy Day Fund, and cut wasteful and redundant government programs and agencies.”

On the bright side, CT’s Democrats proposed to give part of the surplus back to taxpayers by reinstating the tax exemptions on clothing and non-prescription drugs they eliminated in 2011… only kidding, it was proposed by Connecticut Republicans.

Oh well… Thanks for reading!

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