There's more to the state's economy than big business
A recent letter to the editor [Dec. 3, "Fiscal stability plan is a Trojan horse"] explains the issue before Connecticut and its fiscal malaise, and the solutions available. But hostility to all business as a result of the very rich being perceived as having too much hurts economic mobility and opportunity.
When someone focuses on the rich, it means they believe that the statist combination of big business, big government and big labor is the only thing that determines our lives, and if you aren’t in one of those clubs, you can never be successful or improve your lot in life.
The source of most economic mobility and opportunity for Americans has been small business, whereby a person with technical expertise could invent a better way of doing things and hire others to expand the reach of that better way.
There are tens of thousands of companies in Connecticut that all do that, many with fewer than five employees. It totals big numbers and provides most opportunity for new employees, outplaced people, second career opportunities and seniors looking for supplemental retirement income, as well as the owners.
These companies are severely affected by Connecticut’s hostile business environment, which is a big part of why our young people go other places to start their businesses.
The Commission for Fiscal Stability and Economic Growth put forth ideas for lowering business fees and property taxes for small companies and startups. That's exactly what we need to improve our state’s fiscal condition.
Chip Beckett, Glastonbury
Read original story here: https://www.nhregister.com/opinion/article/Editorial-Bold-action-required-to-fix-13445238.php