[allendale]

Theoretically any tax decrease that stimulates wealth creating capitalistic economic activity is appropriate policy.

[Garth Tater]

Theoretically any tax decrease that stimulates wealth creating capitalistic economic activity is appropriate policy.

Theoretically? Yeah, right. In the real world, the state granting one person or business benefits not available to all is immoral - but I guess as long as the PR hacks can say that it's stimulating wealth creating capitalistic economic activity with a straight face AND the proper people are getting their taste of the transaction it's all good.

I wonder how many of Maestro Technology's local competitors that didn't receive the state $$$ will be laying off employees and/or closing their doors? Wealth creating capitalistic economic activity is always easy to see when it comes with a ribbon cutting ceremony, it's the hidden and unintended consequences that are the problems.

[kearnyirish2]

I understand the concept, but the problem in a state like NJ (which already has sky-high property taxes) is that it simply puts the tax burden on the remaining suckers (which includes homeowners). East of Trenton, towns are girding for lawsuits as they decline permits for Jewish school dormitories; they don’t want large swaths of the townships to become tax-exempt properties. In the northeast of the state (Bergen County), churches are facing the same opposition - for the same reason.

This deal just makes the rest of us foot the tax-bills for this company, in a futile attempt to restore an area that is degenerating into another Camden (NJ’s Detroit).