By ensuring that New Jersey had two Democratic senators instead of a Senate delegation split between the two parties, the state's Democratic Party made it easier for the GOP Senate, House, and President to screw New Jersey in the Federal appropriations process. As a result, New Jersey remains one of the worst states in the country when it comes to Federal outlays received in comparison to Federal taxes paid -- this state receives something like $0.65 cents in Federal outlays for every dollar its taxpayers send to Washington.
Next up will be the next round of military base closings. I can virtually guarantee you that New Jersey will be lucky to keep even half its existing military bases.
New Jersey has received very low amount of Federal aid for decades. It really doesn't have that much to do with representation in Congress, although of course it doesn't help having 2 democrat Senators.
New Jersey gets less back than most states because it is one of the wealthiest states in the nation (#2 per capita income) and because it is relatively small and does not rely on Federal assistance like too many other states.
I don't expect to see much of a migration of wealth out of New Jersey because of Mcgreevy's silly millionaires tax. Most of my clients are very wealthy people and have large investments in business, real and personel property in New Jersey. They are going to eat this new tax (unless hopefully it is repealed) and continue doing what they do best here.....making lots of $$$$$. Unfortunately there isn't much else to do for many of them. It does not make fiscal sense to move many types of business from a rich area to a poor area just to avoid taxes.....yes you pay the government less but you can't make nearly the money you can make here in New Jersey nor do you get the same rate of appreciation on investments like real estate that you can get here. New Jersey is the goose that laid the golden egg and nobody knows that better than democrat pickpockets.