file photo by Boyd Loving
July 3,2018
the staff of the Ridgewood blog
Wyckoff NJ, Assemblyman Kevin J. Rooney R- 40 comments on the latest tax increase from Trenton .
Rooney said last Thursday during the state budget battle ,”People moving out of New Jersey are having a significant economic impact, according to a report released by NJBIA. Outmigration by the Numbers: How Do We Stop the Exodus? Concludes that New Jersey lost $18 billion in net income over nine years thanks to a net outmigration of 2 million residents.
The exodus leads to $8.4 billion in lost household spending; $11.4 billion in lost economic output; 75,000 lost jobs and $4 billion in total lost labor income.
This year Democrats are fighting with Democrat Governor Phil Murphy over two spending plans: their plan to spend $36.5 billion and Murphy’s plan of $37.4 billion. Except this time it is over which taxes to hike to fund their irresponsible spending increase. When will New Jersey Democrats stop the insanity?”
Hey Phil – you might want to read up about what happened to Detroit because that’s happening to us.
Here’s how to fix the problem:
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1) Make NJ a Sanctuary State
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2) Significanly Raise Taxes- especially on “The Rich” (which includes RW residents)
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3) Enact Laws Regulations and Taxes which are anti-business
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4) Keep voting in Socilasts running under the Democrat party banner.
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The ones who PAY taxes leave.(or most declare residency in FLA for 181 days and while th are chased out of the state, will not be purchasing goods and services here for 6 months, further depriving the local business of revenue and th d
All the new arrivals are on the receiving end of welfare etc.
No company in their right mind would ever expand and hire in NJ
Fortunately we are still a bedroom community for NYC finance jobs or the property’s value would slide.
My friends in south nj near philly cannot get a buyer for their home.
The ones who PAY taxes leave.(or most declare residency in FLA for 181 days and while th are chased out of the state, will not be purchasing goods and services here for 6 months, further depriving the local business of revenue and the state won’t get sales taxes )
All the new arrivals are on the receiving end of welfare etc.
No company in their right mind would ever expand and hire in NJ
Fortunately we are still a bedroom community for NYC finance jobs or the property’s value would slide.
My friends in south nj near philly cannot get a buyer for their home
So we electe another Wall Street liberal…another corzine making a financial mess worse…
Oh wait….isn’t that the Goldman playbook? Take a company that functions, load it up with debt so it cannot sustain itself….all while bailing out with your huge fees