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New Jersey: Taxpayer Hell |
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Written by Robert Rose
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Friday, 23 March 2007 |
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New Jersey's rate of growth is below the national average as people flee the state in droves to escape the horrific tax rates and gun laws.
“The reasons people are leaving are basically economic.
When you look at New Jersey compared to the rest of the country, there
are more economic opportunities in places like North Carolina, which
has a rapidly growing economy and more affordable housing."
The only exception to this trend are illegal immigrants who are arriving in tsunami levels who are a non-contributing drain on tax revenues. Things are just goint to get worse here.
In the mean time, the new contract Corzine has negotiated with the state employees union gives them an average raise of 35% over 4 years of the contract. Combine this with the fact that New Jersey has more state employees per capita than any other state and the fact that state employees are growing at a rate ten times faster than the population and you have a recipe for financial ruin.
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Last Updated ( Monday, 30 April 2007 )
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