That’s the definition of Irish foreplay, and here in Greenwich we probably want to start practicing our brogue. Moodys just downgraded Connecticut’s debt because of our unfunded pension liabilities and our current $94 million deficit in this year’s budget. The latter despite Malloy’s imposing the largest tax hike in state history last year. Turns out, when Wall Street incomes fall, Connecticut residents who earned those salaries pay less, and when there are no capital gains, there are no capital gains taxes to collect. Dollar Bill and Brunswick’s Cole Stangler will cheer this result, though we hope Mr. Stangler’s father will have enough stored away to continue young Cole’s tuition at Georgetown and fund his trips to Havana, but Malloy will undoubtedly respond by raising taxes again.
And who, in all this fair land, still has assets to tax? “Top o’ the day ta you, Laddie”.