Conn. strikes back

NY Post ^ | July 25, 2010 | Editorial

[Scanian]

Connecticut Gov. Jodi Rell is going to war, it seems, in an effort to lure New York hedge funds to her state.

Who can blame her?

Albany, after all, attacked first — by moving to wrest millions in tax revenue from her state and New Jersey.

In the end, alas, New York might turn out to be the big loser.

As The Post noted Thursday, Rell’s rolling out the red carpet for hedge-fund bigwigs, offering to meet them over dinner at a fancy Darien steakhouse. She wants to discuss “Connecticut’s advantages” — particularly in the face of Albany’s plan to tax hedge-fund managers who live outside New York.

“I am personally inviting you and a few of your colleagues to meet with me,” Rell wrote in a letter to the New York Hedge Fund Roundtable’s president. ”We have much to discuss.”

Gov. Paterson first proposed the lame-brained scheme for last year’s budget. His idea: to tax “carried interest” (i.e., investment profits) of hedge-fund managers who work here but live out of state.

[silverleaf]

Like having their family homes being part of ACORN bus tours?

[wiggen]

Politicians seem to live in a vacuum,rarely aware of the consequences their actions may have. Taxes especially are an area where they remain blind as though increasing cost won’t have an effect on behavior.

[wiggen]

That would have occurred anywhere. If the AIG people all clustered in Peoria the protests would have happened there.

[Lonesome in Massachussets]

The parallels with the Nazis driving the Jews out of Germany are stark. (No Godwin's Law violation: the analogy is apt.) New York Politicians vilify “rich bankers” and play the class envy card and the rich respond by packing up and leaving (ask Rush). Think not of rich and poor think of wealth producers and wealth dissipaters.

[silverleaf]

Or in Chappaqua, NY perhaps?

not

[Brugmansian]

The largest trading floor in the world is in Connecticut. UBS opened up its there operation in 2006.

[verga]

Boy that Patterson is quite the economic genius fisrt he keeps driving industry out of state then Limbaugh and Galisano, and now the hedigies.

He needs a sign,"Will the last person to leave New York Turn out the lights"

[vamoose]

Apparently Paterson (like most politicians) doesn’t understand Newton’s third law: for every action there is an equal and opposite reaction. They stubbornly believe that by raising taxes the only thing that will change is that they get more tax revenue. They are not just taxing some of the richest people, they are taxing some of the smartest people. Why do you think Art Laffer moved his company from California to Tennessee? The message Paterson is sending, and that Bloomberg abhors, is “leave New York.” Another of Paterson’s messages is “Don’t buy cigarettes in New York.”

[RaceBannon]

I know, but that is immaterial. The Police should have stood on that driveway with batons and riot gear to defend that family.

yet...

[wiggen]

I don’t disagree. It had little to do with location and everything to do with attitude.
You know there’s been that story posted at least four times in the past 30 hours or so about the ranches in Texas. Look at the posts. So many ready to believe that police,state troopers or what have you are willing to abdicate their responsibility. The notion that the attitude is not there is pervasive and nation wide.

[RaceBannon]

I just got this in an e-mail:

Gerry Emery July 24 at 7:58pm Reply
A CALL TO ARMS! The Laredo, Texas Police Department has requested militia assistance!

THERE IS A NATIONWIDE NEWS BLACKOUT ON THIS

This just in from Minuteman:

http://wellregulatedamericanmilitias.com/group/texaswellregulatedmilitia/forum/topics/alert-rally-in-support-of-the

Patriots time to rally!! I just got off the phone with the Field Supervisor in the Laredo Police Department!! I offered our services to help the with the cartel invasion and we were not turned down!! Its now confirmed this is really going down!! The field Supervisor told me its real bad, worse than what we are hearing about and they are getting very overwhelmed!! They have my number and are getting with other officials and may need our help!! We need patriots on stand by to assist the police department!! Please call me at 830-591-3177 if you can assist!!

The Well Regulated American Militias

http://wellregulatedamericanmilitias.com/

Texas Well Regulated Militias

http://wellregulatedamericanmilitias.com/group/texaswellregulatedmilitia

[wiggen]

Race is there any possibility at all that the police would bring in militia? Not state police? Not national guard? If it was that awful not the military from any number of bases in Texas?
There’s no waiver that a militiaman could sign that would absolve the police from including them in their action should one of them be injured.

[CPOSharky]

Connecticut or New York. Which tax swamp is less smelly?

Decisions, decisions.

[RaceBannon]

I think it is some wierd thing to see who responds, to collect names for a data base!

and I mean that.

[wiggen]

There’s more than enough of that going around.

[Gay State Conservative]

I thought CT already had most of them.Stamford,for example,has most of the advantages of Manhattan with few of the taxes.Hop on Metro North and you’re on Wall Street in about 25 minutes.

[Gay State Conservative]

The largest trading floor in the world is in Connecticut. UBS opened up its there operation in 2006.

Yup,travel down I-95 through Stamford and you see UBS,RBS,etc.

[Gay State Conservative]

Like having their family homes being part of ACORN bus tours?

Hey,that's what the National Guard is for.Plus,IIRC,CT has the death penalty.

[Cowman]

CT used to be significantly more business friendly than NY, RI, or MA and thus became a home base for mobile businesses such as carpet cleaners, plumbers, etc. my father sold and installed garage doors and most of his business was in MA because we lived 3 miles from the state line. As soon as Lowel Weiker (RINO of RINOs) installed a “Temporary” income tax many of these guys rebased their operations to somewhere else