NJ Fiscal Folly

Thursday, March 30, 2006

State Of Disunion

Apparently NJ is under attack. Our #46 ranking in individual income taxes and our #50 ranking in business taxes are not secure. Otherwise, how else to explain a new proposal by the New Jersey Education Association (NJEA) and the Communications Workers of America (CWA), two powerful NJ unions, for a $462 million increase in individual income taxes, and a $300 million increase in business taxes.

Maybe they figure the best defense is a good offense. After all, it's the gluttony of unions like the NJEA, the CWA, and others that is one of the major factors in NJ's current distress. God forbid that they should ever be held accountable for their role in this fiasco. Better to create a diversion and deflect attention elsewhere.

NJ is one of the most heavily unionized states in the country, which is one reason we keep electing zombie Democrats for state and national offices. Lockstep adherence to ever-increasing taxes and profligate spending is destroying the state, and driving both people and businesses away.

When your political philosophy is based on grievances and entitlements, you need a steady supply of "oppressors" and suckers. One day, the NJ unions will wake up and find themselves all alone. Who will they blame then? Who will be left to pay their bills?

2 Comments:

At 11:04 AM, Blogger WjcW said...

My favorite line is,
"Not one penny of the 'millionaire's tax' will be used for anything else but property tax relief"
I know McGreevey is long gone, but everyone who supported that tax and that pledge is still there and I can't understand why NJ keeps electing them. To add insult to injury not only is the 800 million NOT being fully utilized for property tax relief, now they want lower the threshold to 200,000 from 500,000. My family doesn't make that kind of scratch now, but I may not have to, at the rate they're going the threshold will be 50,000 soon.

 
At 2:20 PM, Blogger PN said...

As I pointed out the other day, a massive portion of individual income taxes (ie, potential property tax relief) is being redirected to Abbott district spending.

There is no endpoint for the liberal/union advocates of ever-steeper progressive taxation. Due to their social welfare largesse and generous pensions, there is a never ending need to stick someone else with the bill. Due to their voting power, NJ politicians refuse to confront reality.

In the long run this is not a sustainable strategy. Unfortunately, NJ will drive over the cliff before any liberals, unions, or politicians concede the point.

 

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