General Electric (GE) has complained for years about Connecticut's (its current corporate home) taxation and regulatory policies. Recently, it said it was moving for greener pastures, and was leaving for... Massachusetts?
Seriously? This is like moving from North Korea to China to get more freedom of speech. Boston's top state income tax bracket is perhaps a point lower than CT's but Florida or Texas have rates of zero, and a much lower cost of living and real estate.
Granted that Boston has its attractions for a company trying to change its public perception to being a technology company. But I can't shake the suspicion this has something to do with a relocation giveaway to GE from the city and state. GE has become one of the biggest supporters and beneficiaries of crony capitalism in the country. I have to believe they cut some sweetheart deal that will eventually funnel a bunch of Massachusetts taxpayer money into GE coffers. After all, if cities will throw away a half billion dollars in taxpayer money to attract an NFL team that does business for just 24 hours a year in the city (8 games x 3 hours per game), how much will politicians pay of their citizens' money to be able to list "attracting GE" as a lead bullet in their re-election talking points?