“No billionaire should have more say than my poorest constituent,” Murphy says.
State officials and representatives of hedge fund billionaire Ray Dalio’s philanthropic arm will meet Friday to dissolve their education partnership.
For nearly a decade, it has been the favorite argument of those opposed to higher state taxes for Connecticut’s wealthy — migration. Simply put, if you tax them, they will leave.
But is it true?
The state Department of Economic and Community Development responded with reassurances Thursday to a recent news report that a major Fairfield County hedge fund — to which Connecticut just pledged $52 million in economic assistance — is slowing its hiring.
The State Bond Commission is expected to approve $22 million in financing Friday to help a major hedge fund expand operations in Westport, Wilton and Norwalk.
WASHINGTON – GOP presidential hopeful Donald Trump has a new target for his ire — other super-rich guys, the nation’s hedge fund managers. “I know a lot of bad people in this country that are making a hell of a lot of money and not paying taxes,. The tax law is totally screwed up.” he said.
Connecticut donors gave $800,000 to the Republican Governors Association in 2014, money the state GOP hopes will flow back to its campaign to unseat Gov. Dannel P. Malloy, a vulnerable first-term Democrat. Donors include an executive of a company promised $115 million in aid by Malloy.
Opposition to Gov. Dannel P. Malloy’s $115 million deal with Bridgewater Associates is growing, as observers charge that he is sidestepping state and local policies to move the country’s largest hedge fund from Westport to his hometown of Stamford.