Connecticut: The State of Modern Capitalism:
by jonpelto
The concept that Connecticut taxpayers need to pay the world’s biggest hedge fund $115 million dollars to stay in Connecticut is, understandably, a hard thing to truly understand. They managed to pay their CEO $3.9 billion last year and we have to cough up $115, or they’ll move?
But of course, Bridgewater is not the only private corporation that taxpayers are subsidizing.
In fact, while cuts are being made to vital services, more and more companies are demanding what is, in essence, a ransom. If we taxpayers don’t pay the ransom, they won’t relocate to Connecticut, or even worse, they’ll leave and take their jobs with them.
Take, for example, the situation that occurred two months ago, when on Sunday, July 8, 2012, more than 400 people joined Governor Dannel Malloy, Mayor Bill Finch, Johnny
