[SteveM85]

Originally Posted by Henry10

No, I really meant "takers" -- that is residents which CT has to subsidize. This thread is 8 years old and 1575 long. We have provided links how CT has replaced middle to high income individuals with low income.

This trend started slowly in the 1990s, and accelerated in 2000s and 2010s. I already provided links in this thread. I can't keep posting the same links that paint a picture that members here either forget or ignore.

any idea what pages the links are on? or what year?

[BobNJ1960]

Originally Posted by robr2

Alden is the ultimate vulture capitalist. These guys cut and cut and make money off whatever little meat is left on the bone. One article is read is that their papers net about 3% but the investment group makes about 17%. In the old days of newspapers, 80% was the norm.

They'll do what they did the to Herald in Boston. They cut about 20% of the workforce on day 1 and have continued to whittle away at it. Heck, they got rid of their ad sales staff relying on a centralized sales staff to work on all their local papers. Articles appear in multiple papers and publishers are running 3 or 4 papers across a large area. The same will happen to the Courant. I'm guessing that staff will be shared between the Courant and the NY Post.

IMHO, newspapers with good journalism will be owned by philanthropists that are more interested in public service versus turning a profit. Boston Globe, NY Times, Washington Post, LA Times are all examples of that.

Notice a philanthropist bought the Baltimore paper the Tribune owned to keep it safe from the Alden sharks.

At some point, long after too much damage has been done, I do think there will be a revolt vs PE, and the public will force politicians to weaponize the US tax code against these treacherous firms. I did agree with an idea Elizabeth Warren proposed (and I am conservative) which would disallow PE from saddling corps with massive debt to repay their purchase cost, then sell the corp, leaving IT with the debt. This debt is a ticking time bomb which will destroy millions of jobs , long-term.

[robr2]

Originally Posted by BobNJ1960

Notice a philanthropist bought the Baltimore paper the Tribune owned to keep it safe from the Alden sharks.

At some point, long after too much damage has been done, I do think there will be a revolt vs PE, and the public will force politicians to weaponize the US tax code against these treacherous firms. I did agree with an idea Elizabeth Warren proposed (and I am conservative) which would disallow PE from saddling corps with massive debt to repay their purchase cost, then sell the corp, leaving IT with the debt. This debt is a ticking time bomb which will destroy millions of jobs , long-term.

Yep, Stuart Bainum, Jr. He and his wife also signed the Giving Pledge.

[MrGompers]

Originally Posted by Henry10

No, I really meant "takers" -- that is residents which CT has to subsidize. This thread is 8 years old and 1575 long. We have provided links how CT has replaced middle to high income individuals with low income.

This trend started slowly in the 1990s, and accelerated in 2000s and 2010s. I already provided links in this thread. I can't keep posting the same links that paint a picture that members here either forget or ignore.

If this was true, the Gini coefficient would be decreasing. aka income inequality. Statistics do not agree with your statement.

1990s to mid 2000's

https://www.cbpp.org/sites/default/f...=1613606532151

state of CT in 2019 has the 2nd greatest income inequality in the nation. (NY #1 - PR and DC are actually worse, but they are not states)

https://www.statista.com/statistics/...r-by-us-state/

You can't have growing income inequality if all the high income earners are leaving and being replaced with low income earners.

[kidyankee764]

Originally Posted by MrGompers

You can't have growing income inequality if all the high income earners are leaving and being replaced with low income earners.

Earlier in this thread, numerous sources have noted new CT residents replacing those leaving had a double digit percentage less income. Growing inequality has zero to do with whether or not high income people are coming or going. Math is interesting like that.

[JayCT]

Originally Posted by kidyankee764

Earlier in this thread, numerous sources have noted new CT residents replacing those leaving had a double digit percentage less income. Growing inequality has zero to do with whether or not high income people are coming or going. Math is interesting like that.

Clickbait? As I said, if this was a real trend, you would see it in our income numbers and they just aren’t there. Attrition is common in all states. This is where a worker moves up through the ranks in their job and retires at their peak income. Other workers move up to higher paying positions but new workers come in at lower salaries. This is common throughout the country and nothing new Jay

[kidyankee764]

Originally Posted by JayCT

Clickbait? As I said, if this was a real trend, you would see it in our income numbers and they just aren’t there. Attrition is common in all states. This is where a worker moves up through the ranks in their job and retires at their peak income. Other workers move up to higher paying positions but new workers come in at lower salaries. This is common throughout the country and nothing new Jay

No it was not clickbait. It was a source that was very much reputable and I can search the thread to find it (may take me a few). Covid changed a bit regarding the real estate market in Connecticut, but there’s a lot more to an economy than home sales (that, and a blistering market is being experienced nationwide. There’s no denying there was a real and damaging economic issue facing the state for almost a good decade. Hopefully, with businesses being reported as fleeing NYC, that trend has stopped.

[JayCT]

A new New Haven biological Research Company is proposing to build a $36 million 50,000 square foot facility in Windsor’s Great Pond development. Nice. Jay

https://www.newhavenbiz.com/article/...s-windsor-site

[JayCT]

A Farmington based health management company is planning on hiring 287 employees. Great news. Jay

https://www.courant.com/business/hc-...mmi-story.html

[JayCT]

Strartford based Sikoeshy Helicopter Reported they hired 1,000 employees in 2020. Wow,I knew they had been hiring but no where near that many. Great news. Jay

https://www.courant.com/business/hc-...4my-story.html