There’s more to the state’s econ­omy than big busi­ness

Hartford Courant - - Opinion -

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

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