As the commonwealth becomes ever more saturated with Democrats, as it turns from that purplish color to a brilliant blue, as liberal governor after liberal governor find ways to raise our taxes and make life here more expensive, expect it to become more and more like ...
... New Jersey:
New Jersey Is the Perfect Bad Example
The Wall Street Journal
Other states offer promising experiments in areas such as Medicaid, taxes, education and regulatory reform. In contrast, the People's Republic of New Jersey offers America something truly unique: the perfect bad example.It seems not to have dented the consciousness of our political class that New Jersey's dismal economic performance might be linked to the state's tax policy. According to the nonpartisan Tax Foundation, New Jersey is home to the most hostile tax environment for business in the nation. We also bear the nation's highest burden of state and local taxes. And on the list of the 10 counties with the highest median property tax, we claim seven of them.
During the last recession, we began to feel the full weight of these burdens. Other states responded by cutting back on spending and getting their houses in order. Not New Jersey. Then-Gov. Jim McGreevey added to the burden by borrowing and spending and raising the corporate tax -- including the imposition of an alternative minimum tax on business. And we've been paying for these bad choices ever since.
Though the state did ultimately emerge from recession in 2003, private-sector job creation since then has been a pale shadow of what we enjoyed after the recessions of the 1980s and 1990s.
Though the state did ultimately emerge from recession in 2003, private-sector job creation since then has been a pale shadow of what we enjoyed after the recessions of the 1980s and 1990s.
So how do we respond to these new hard times? Beginning New Year's Day, New Jersey workers will see even more money taken from their paychecks. The money will support a new mandate offering six weeks of paid family leave to almost all New Jersey employees -- right on down to those working in very small operations. In itself, the family-leave tax will not be the ruin of the state economy. But the imposition of yet another new tax at this moment bespeaks a lack of seriousness about what both New Jersey workers and businesses can afford. [link]
New Jersey, one of the most liberal states in the country, is on the road to ruin.
Virginians in recent years have decided that they too want to head down that same road. Destination?
