Posted on 10/10/2007 7:18:50 AM PDT by NY.SS-Bar9
TRENTON, NJ (AP) -- New Jersey's accelerating population loss is starting to have significant economic and fiscal consequences for the state
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The report found the state lost 231,565 people between 2002 and 2006, including 72,547 people last year. The latter was the fourth highest loss in the nation behind only California, Louisiana and New York.
Meanwhile, North Carolina grew by 807,000 people over the four-year period, displacing New Jersey last year as the nation's 10th most populous state, the report stated.
When lost income and sales taxes from the people who left New Jersey are considered, the population drain is estimated to have cost the state $680 million in tax revenue last year, the report found.
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From 2000 to 2005, the largest net outflow of New Jersey taxpayers was to Florida (124,584 people), Pennsylvania (42,459 people) and North Carolina (29,803 people), their report found.
It found the state had a positive net inflow of taxpayers from New York (148,538 people).
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(Excerpt) Read more at wcbs880.com ...
Maybe the corruption and socialism of the liberal Democrats is enticing people to move from "Blue" to "Red" states.
Yayyyyy! Great news that there are other like myself who grew sick and tired of corrupt Dems in the Peoples Republic of New Jersey.
May the mass exodus continue.
And ruining the red states in the process.
You don’t suppose that the fact NJ residents face the highest tax burden in the country has anything to do with it, do you?
Real trickle-down economics.
Money and people flowing from Taxachusetts, Patchesville, RI, Ilegals get DLs (NY) and the ultimate Mecca for corrupt RAT politicians (NJ) to lower-taxed Red states.
Note to the nation: Keep voting for 'Rats and RINOs and all this, too, can be yours...
Bah! Don’t be a wuss. We can handle it.
North Carolina is no picnic tax-wise but its population number is suspect because many new residents aren’t citizens.
Whatever loss of native wealthy folks is counterbalanced by a continued influx of wealthy New Yorkers. Nevertheless, once the bills come due in the next few years, those folks will be looking elsewhere as well.
A lot has to do with an ageing population and retirement as well as taxation.
NC has the same advantage as Pennsylvania: lower property taxes and a lower cost of housing. Other than that, there are no advantages.
Basic formula for making New Jersey fit for human habitation:
Put all the democrat politicians in jail (where they belong) and cut the taxe rates by 50%. Amazingly, you will not see any reduction in total revenue (Laffer Curve Effect)
Problem with this scenario is they bring THEIR liberal politics and soon after the state becomes purple and later Blue.
Pennsylvania is popular with alot of folks who work in central and western New Jersey, but want low property taxes.
Nawth Carolina is a combination of both. You have alot of retirees moving to Ashville and the coast, with many financial professionals relocating to the Charlotte area to work for Wachovia and B of A.
Well, it’s obvious what’s going on here:
California has Nancy Pelosi.
New York has Hillary Clinton.
Louisiana had Hurricane Katrina.
New Jersey had Christy Whitman.
Dames are ruining our states!
Liberalism is a blight on our nation. Basically, what is happening is that rich states like NJ, NY, and CA impose all kinds of liberal-friendly regulations, taxes, and the like, and that drives the rest of us out of the state, leaving the liberals in complete control of the state. And of course, they could care less whether it is driving the average guy out, as long as they have their job and/or stash.
Yep. See South Florida, New Hampshire, and parts of Arizona, Colorado, and Washington State.
Yep. There has been a pronounced tendency in once-solid red states in the west for voting more and more blue. It is not a majority yet, and it doesn't seem to have affected the South, but I sense the Rockies are not the GOP stronghold they once were. I often wonder how much this has to do with departed Californians who vote to destroy their own states and then, upon its destruction, ignorantly go on to vote to destroy others.
I have some cousins left in Jersey City, but most of them have abandoned the place, migrating to the Sun Belt.
I escaped from that hellhole (NJ) in 1980, and have never looked back.
That's a pretty telling indictment of what's going on in New York.
After all, they probably moved to escape the state's confiscatory taxes, which proves motive.
I love how these libs always have to frame the story in terms of lost tax revenue for the government.
BWAHAAAAA!!!
Amen to that.
Anyone who'd think the crooked Liberal-Socialist pols in NJ -- or any other state, for that matter -- will interpret this population decrease as something they did wrong are nuts.
Those responsible for electing crooked Liberal-Socialist pols moving to another state is like trying to keep a nice lawn.
...adjacent a field of dandelions.
Naw. It get’s down to basic economics. They are taxed to death and the cost of housing is horrendous. Corruption ois something they are used to in the “Garden State”.
1. Folks from NJ who move to Florida are typically retirees.
2. Folks from NJ who move to Pennsylvania are typically middle-income types who are looking for less expensive homes and lower property taxes.
3. Folks from NJ who move to North Carolina are typically upper-income types who work in the banking, pharmaceutical/biotech and high-tech industries and are following the jobs there.
4. Folks from New York who move to New Jersey are those who see a corrupt, expensive, high-tax climate as an improvement over the place they're coming from.
But there are others who have left for the same reasons not realizing that the demands THEY'VE made - and will continue to make - on the system are largely responsible for the mess. A friend of mine is fond of using the phrase "seagull manager" - someone who flies in, makes a lot of noise, sh*ts all over everything, and then leaves. These are the "seagull residents", and they're going to end up sh*tting all over places like PA, NC and FL, or wherever they happen to swoop in.
Even with a measure like this in place, there's a decent chance New Jersey will be the first state in the U.S. whose pension fund goes bankrupt.
If you are a retiree and you receive a government pension, there are various advantages to living in NC and PA vice NJ and there are comparative advantages on taxes, sales and personal, between NC and PA across the board.
Florida still beats said states on the issue of taxation, but you pay a pretty penny (in housing, insurance, and property taxes) to live on the coast. Of course, if you do choose to live in Florida you HAVE to live on the coast, as the center of the state is good only for swamp gas, mosquitoes, and humidity.
This is pure Milton Friedman at his best. When people don’t like their government, are over taxed and over regulated, they vote with their feet.
You mean people collecting entitlements don't leave?
It does? To who?
The bad news:
They go where they are not wanted and bring their idiotic ideas with them.
Maybe we should offer to pay them to stay in place. It would be cheaper and more satisfying
Best regards,
What we need to do is disenfranchise move-ins from Jersey so they don't mess up our states too.
The problem is, they come to the "Red" states and still vote "Blue."
That would be my parents, who stopped in New York along the way after leaving NJ. You must also make the distinction that those retirees to Florida these days are usually upper middle to upper class, due to the high price of real estate on the coast.
2. Folks from NJ who move to Pennsylvania are typically middle-income types who are looking for less expensive homes and lower property taxes.
That would be my coworkers with children. Housing in the Princeton area has gotten so pricey, that your only alternatives are Bucks County, PA (five minutes from my office in Hopewell, NJ) or Burlington County to the south, the latter of which is made up of small tract homes in ugly towns. Bucks is a much better bet for a young professional couple with children. 3. Folks from NJ who move to North Carolina are typically upper-income types who work in the banking, pharmaceutical/biotech and high-tech industries and are following the jobs there.
Not 100% true. As I said earlier, you do have a sizeable migration of folks (especially anyone employed by Wachovia) to Charlotte and the RTP area, but you also have alot of retirees moving to the outer banks or to Ashville now. Hendersonville, NC has effectively become another Boca Raton in this regard.
4. Folks from New York who move to New Jersey are those who see a corrupt, expensive, high-tax climate as an improvement over the place they're coming from.
That would be ME.
We ain’t seen nothing yet.
I made the move. The corruption, the dems and the idiots who accept this have ruined the state.
Meet the New Jersey “Exit Tax”:
http://freenj.blogspot.com/2007/06/concertina-wire-on-banks-fo-delaware.html
Radio Free NJ: http://freenj.blogspot.com/
Where are you now? I hope you weren’t fooled into moving to the People’s Republic of Nawth Carolina.
IT’S THE HIGH TAXES YOU MORON LIBERAL DEMOCRATS!!!
That idiot Governor has brought this upon his state.
PA has low property tax rates ? Watcha smokin’, bro ?
I generally agree with the other three points, but the types who move to NC are retired upper-income types who move into gated, golf course communities. I can say that with some personal knowledge attending realty shows that showcase these properties and having friends who have moved there. Retirees are flocking to NC. I may be one of them, especially since NC won't be taxing my federal pension like VA does.
That is not to say that the Durham, Raleigh, Chapel Hill triangle is not attracting the kinds of people you mentioned. The growth has been tremendous.
Friends of mine who are paying $3,000 a year in Bucks County, PA would be paying $8,500 in Mercer County, NJ.
It’s why Florida is called “God’s waiting room.” The tax policies are meant to attract retirees.
They’re all moving to Maryland.
New Maryland slogan: “We’re not as bad as New Jersey - yet.”
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