Population Decline Hitting New Jersey Hard

WCBS 880 ^ | 10/10/2007 | WCBS Radio

[NY.SS-Bar9]

TRENTON, NJ (AP) -- New Jersey's accelerating population loss is starting to have significant economic and fiscal consequences for the state

[SNIP]

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.

[SNIP]

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).

[SNIP]

[NY.SS-Bar9]

Hey Rutgers:

Maybe the corruption and socialism of the liberal Democrats is enticing people to move from "Blue" to "Red" states.

[JerseyDvl]

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.

[pnh102]

Maybe the corruption and socialism of the liberal Democrats is enticing people to move from "Blue" to "Red" states.

And ruining the red states in the process.

[Abathar]

Perhaps taxes and cost of living does make a difference to people. I am surprised Granholm up in Michigan hasn’t got that number beat cold yet, she sure seems to be trying to.

[2banana]

Socialism - it sounds so good when you vote for it - but it never works out...

[econjack]

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?

[alice_in_bubbaland]

I’m planning on joining the ranks of former NJ residents, as soon as hubby retires. The high taxes and insurance premiums are killing the middle class in this corrupt hell hole.

[rod1]

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.

[mewzilla]

Gee, what do NJ, MA, MI, NY all have in common....?

Note to the nation: Keep voting for 'Rats and RINOs and all this, too, can be yours...

[Southack]

Bah! Don’t be a wuss. We can handle it.

[AppyPappy]

North Carolina is no picnic tax-wise but its population number is suspect because many new residents aren’t citizens.

[Clemenza]

Interestingly enough, the biggest population losses are occurring among the lower middle classes.

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.

[kabar]

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. .

A lot has to do with an ageing population and retirement as well as taxation.

[Clemenza]

Nawth Carolina also has a habit of electing liberal and/or corrupt governors, so Jerseyites should feel right at home.

NC has the same advantage as Pennsylvania: lower property taxes and a lower cost of housing. Other than that, there are no advantages.

[FormerACLUmember]

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)

[RoseofTexas]

"people to move from "Blue" to "Red" states."

Problem with this scenario is they bring THEIR liberal politics and soon after the state becomes purple and later Blue.

[Clemenza]

Many, if not most of the folks moving to FL from NJ are folks near or at retirement. FL is a good state if you made your money elsewhere, but a lousy state to live in during your prime earning years, as salaries are low relative to the cost of real estate.

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.

[duckworth]

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!

[Brilliant]

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.

[Clemenza]

Yep. See South Florida, New Hampshire, and parts of Arizona, Colorado, and Washington State.