While Professor Raphael J. Caprio calls the net result correctly like all “Big Government” types he misses the point . The growth of government is driven by power lust and irresponsible spending . The needed high taxation coupled with the huge regulatory burden that goes with it has destroyed the private sector economy in New Jersey ie…”the golden goose” .
Central planning is an outdated and antiquated concept that has failed and proven historical disastrous .
As businesses and jobs move out of the state there are less and less people able or willing to pay the outrageous taxes or put up with Trenton trying to micro manage their lives. The Net result will be that municipalities will no longer be able to finance their insatiable apatite for cash and layoffs and drastic service cuts are their only out .
Government has grown enormously over the last 11 years .This unsustainable pace of government growth is now leading to a total collapse of the ‘modern welfare state” .
The welfare state has simply become a “white elephant” .
James Foytlin Founder of the Ridgewood blog
Rutgers Professor Raphael J. Caprio sees ‘tsunami’ coming to towns in a few years
While several towns were impacted during the “Great Recession”, forcing them to lay off and furlough workers, one expert predicts towns will go through another “municipal tsunami.”
Professor Raphael J. Caprio of the Edward J. Bloustein School of Planning and Public Policy, said the reasons largely stem from severe state aid cuts to municipalities over the years. Also, many towns have exhausted much of their surpluses and there isn’t much hope other types of revenues will grow enough, such as hotel taxes and construction permit fees, to make up for the loss. (Hassan, PolitickerNJ)
https://www.politickernj.com/