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Old 07-20-2022, 09:47 PM   #1
Jim in CT
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CT imposed very high taxes on people
with very high incomes, meaning they had a ton of money. They spent all
that.

Then they took billions and billions from
the casinos. And they spent all
that.

Then they borrowed $62,500 for every single taxpayer in the state, and they spent all that.

And what do we have to show for all that spending? a state that often is among the nations leaders in population exodus. An awful state to do business in,,an awful state to retire to unless you’re rich. Public universities cost way more than most states. our cities are dangerous and gross. our roads and bridges are dilapidated.
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Old 07-21-2022, 04:42 AM   #2
scottw
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Quote:
Originally Posted by Jim in CT View Post
CT imposed very high taxes on people
with very high incomes, meaning they had a ton of money. They spent all
that.


Posted from my iPhone/Mobile device
the wildly successful blue city of providence in the wildly successful blue state of rhode island just borrowed half a billion to sure up it's wildly well managed pension fund...


https://turnto10.com/i-team/on-your-...s-pension-fund

PROVIDENCE — Just days before Gov. Gina Raimondo's nomination to a Cabinet post in Washington, the state pension fund ended a long-expired $5-million, 10-year investment in a venture-capital firm that Raimondo co-founded.

The state is now out. The City of Providence is still in.

It is not yet clear why the state, and not the city, was able to extricate itself from Point Judith Capital after paying the firm $1,134,375 in management fees only and logging an average annual return of 5.11%.
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