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Fix The Hole In The Tax Bucket

  I can’t imagine how you can think philosophy and wine are similar—except in this one respect, that philosophers sell their learning as shopkeepers their wares; and most of them dilute it, too, and defraud customers  — Lucian, “The Sale Of Philosophers” Governor Ned Lamont has two serious problems. The first is his inexperience in Connecticut politics, which makes him the plaything of lean and hungry Democrat leaders who have a wealth of experience in Connecticut politics. And the second is  Red Jahncke . “First, it was diversion. Now it’s ‘interception,’” Jahncke writes in the  Connecticut Post . His article should have been titled “What a wicked web we weave when first we practice to deceive.”

Taxing Sin: We Are All Sinners Now

When a dollar moves from a private wallet to a public treasury, it is a tax. This year will be a tax bonanza for Governor Ned Lamont’s administration. Some projected tax increases have not yet been written in legislative stone, but it is possible that tax increases in the Lamont administration may exceed those of the preceding administration. Malloy raised taxes in two installments during his two terms in office; taken together, his two tax increases may represent the largest tax boost of any administration in state history. Malloy’s low approval rating upon leaving office – 25 percent -- is traceable to tax impositions, a bristly, autocratic character, and the failure of his policies to stem chronic deficits. The above definition of a tax allows us to regard the elimination of tax credits and the extension of taxes to other goods and services as tax increases. Business taxes, as we know, are transferred to consumers in the form of higher prices for goods and servi...

Lamont, Malloy Without The Quills?

Following Governor Ned Lamont's presentation of his budget to the General Assembly, the question remains: Is Ned Lamont Malloy II? He may turn out to be Malloy without the quills Lamont’s budget includes hefty increases in taxes; as defined here, a tax is any dollar that moves from private wallets into the public treasury. Accumulatively, Lamont’s tax extensions – they are not a revocation of tax exemptions – closely approaches the tax increases of the Malloy administration.   Taxes under the Lamont administration will also be made more progressive according to the reliable Marxian formula: "From  each according  to his ability, to  each according  to his needs." Because of past economic sleight of hand, the neediest recipient of state dollars, it turns out, is the state treasury. In the past, when expenses have gone up and revenue has plummeted, Connecticut has increased taxes to recover ensuing deficits. Lamont repeats the process in a higher key...