In this rather appalling video President Obama lets a Wilmington Delaware crowd know about the tragic downing of a passenger jet, and then immediately starts joking around with his audience. The Presidents speech was supposed to be about “policy” but instead we are given this very insensitive looking display. No matter if you are a Democrat or a Republican I think that we can all agree that this is just a weird way for the president of the United States to address a crowd. I think we can also all agree that the good people of Delaware deserve a lot better than what they’ve been getting from the federal government for the past 100 years or so!
As tax payers most of us accept the fact that our tax dollars will go, in part, to pay the salaries of elected officials and other state employees. However, when we start talking about health insurance benefits the conversation gets a bit stickier. If people weren’t upset enough over the so-called “Affordable Care Act” aka Obamacare, consider this – even tax payers who are unable to pay for their own health insurance are forced to pay (via taxes) for the health insurance provided to state employees and their families. This is particularly shocking when you consider the fact that the maximum income to get subsidized care is set around a paltry $80,000 per annum. This means that many healthy young families are forced to pay 20% or more of their income in health insurance premiums, hence the reason why I have taken to referring to Obama’s plan as the “UN-affordable Care Act”.
If that wasn’t bad enough, consider the fact that until just recently our tax dollars were being used to subsidize the cost of erectile dysfunction drugs for state employees. That means the struggling families were toiling away, working overtime in many instances, so that our overpaid government officials can enjoy erections on demand. A travesty of the highest magnitude.
Thankfully the local news has reported that “A state committee tasked with examining government employees’ health care voted Friday to … cut state coverage of erectile dysfunction drugs”. This saves the state 2.7 million dollars annually. If that sounds like a lot of money consider the fact that, according to that same news article there are approximately 3,400 government employees who were previously relying on state health care (and our tax dollars) to pay for their ED medications.
Here’s an idea – why doesn’t the state take that 2.7 million they saved to look into the real root causes of erectile dysfunction. I have a hunch that it isn’t caused by a naturally occurring lack of erectile dysfunction medications in the body.
According to Forbes magazine, Delaware is currently ranked as the 11th best state in the country to do business in. Most people would agree that number 11 out of 50 is pretty good, but in my humble opinion it should probably be ranked just a smidge higher, perhaps fourth or fifth, and I’m not the only one who thinks this either. Based on factors such as the low cost of doing business and the bountiful supply of both skilled and unskilled labor, there are some definite advantages to doing business in Delaware.
Alright, Corporate tax rates certainly could be lower, but all things considered the price of setting up shop and running a business in Delaware is quite low compared to other places like Massachusetts, New Jersey, Connecticut and so forth. One of the things that irks me however is the personal income tax rate of 6.6%. I just don’t understand why any state needs to tax it’s citizens this much, especially when those of us in the top brackets are already paying 40% of the money we earn to the federal government, before we even talk about Social Security or Medicare taxes. How can these practices be defended? What on earth are our elected officials doing with the billions of dollars we are giving them? Why can’t they at least fix our schools so we don’t have to pay tens of thousands of dollars more per year to get our children a decent education? Okay, I’m going off on a tangent, but sometimes I need to vent about this stuff. However, all things considered Delaware schools are pretty good depending on the community that you reside in.
What industries have historically prospered in Delaware? Well, of course there’s the aircraft industry, healthcare, finance and tourism. These industries contribute massively to the states economy and all the available evidence indicates that these industries will continue to thrive in DE.
Two other industries which can really been exploding lately are Internet Marketing and Environmental Protection. While many people probably understand that environmental companies work with businesses and the government to find new “green” ways of modifying and growing infrastructure, internet marketing is something less widely understood. While there are many types of Internet marketing, from media buying to digital publishing, this is most definitely an industry that will continue to grow and evolve for many years to come. After all, lets face it – people are using the Internet for just about everything these days, and this isn’t a trend that is going to go away anytime soon. One of the most attractive things about establishing an Internet marketing business out of Delaware is it’s close centralized location between NYC and Austin Texas which is in many ways the hub of Internet marketing in the US.
While there are pros and cons to every location, Delaware is nearly as good as it gets, and definitely an option you will want to consider if you are starting or relocating an existing business.