Quote: “Jerseyans accepted the high taxes as long as there was no shortage of high-paying jobs; now many of the jobs are gone but the high taxes remain.”
Therein lies the tragedy of New Jersey. Once upon a time it was the lower tax alternative to New York. Businesses who wanted to be close to NYC but not pay the taxes would move here. Drive up and down 287 and it was AT&T land. Pharma and med device companies were founding here left and right.
It is all but GONE!! Democrat politicians got and still get too much emotional capital from demonizing those “evil” corporations as being the root of all of New Jersey’s problems. Small wonder that they all left. Hell, John effin Corzine had the nerve to demonize Wall Street and decried it is a Republican enrichment program. All the while having made his money there and returning there to defraud investors upon leaving office. AND NEW JERSEY VOTERS FELL FOR IT!!! It was like watching the devil decry hell and the people proclaiming him the savior for his genius.
Walking Dead!?! The average NJ liberal could be in that show as a zombie. They would only need just a touch of makeup. But even if the working class came to their senses, Newark, Camden and Union County drown out the rest of the state.
Politicians on both sides realized too late that they had chased out many companies; at this point operating a business or living here is just owning a piece of a huge IOU. Why would a company set up shop in my town, to just be taxed to death to provide schooling for imported Hispanics and a cushy retirement for American municipal employees who retired decades ago?