We are polluted enough.
My position is that there is no room for such an industry in New Jersey.
Following the line of reasoning of this article, public workers should then be forced to work for free because that is in the interest of the taxpayers. The most outrageous positions can be justified under the mantle of protecting the public or “of overriding interests of the state.”
I have supported the reforms because it seems we are in a fiscal mess and such reforms are unavoidably part of the equation to manage the crisis. But I am certainly not in favor of the philosophical position that because they are public workers, they have to put up with all the abuse that comes with scapegoating when things turn bad for everyone else.
Needless to say, the political tactics of the governor are appalling.
I don’t see any article from anybody at this crucial moment calling for the reduction of the 600 + authorities and commissions to half of that number, or for the reduction of the 10s of thousands of political patronage jobs in all areas of government. We have a government unit for every 2500 residents in New Jersey. Is everyone missing on that fact of is the silence pure opportunism?
This is selective austerity. These reforms were needed but several others reforms are needed as well and nobody is mentioning them. It is very expedient to pound on the weak. It is one of the most elemental animal instincts. We are proving ourselves true to our origins.
More and more people are exhausting their benefits. Retailers are sensing a softening of the economy consistent with a bearish consumer.
What the governor truly means is that the two parties will throw a few bones at New Jersey taxpayers in 2012 and 2013, just prior to the elections, but the property taxes will continue to increase ad infinitum. Keep in mind that that the appetite of the huge political class is insatiable.
The true relief for the majority of New Jersey residents lies in the abolition of property taxes and other reforms which I have outlined – a program that both parties make an effort to ignore in the hope that it will go away.
There is very little chance that our economy will rebound unless we carry out those reforms
How many people have to argue the same point to make it sink in?
I know I may be accused of being a communist now while the communists accused me of being a mercenary of capitalism some years ago.
There are several opinions in Fortune essentially saying the same thing: That manufacturing is returning to the U.S. from China and they cite different examples with names of companies, like the one making popsicle sticks returning not to the United States but to Canada.
Keep in mind not all outsourcing goes to China.
On the other side, just yesterday if I remember well, I posted about the new San Fran-Oakland Bay bridge being built in sections in China, the Chinese corporation chosen over American builders.
My opinion is that small companies may return for a number of reasons but the large corporations are staying put overseas for as long as their earnings are tax-sheltered abroad.
Here in New Jersey, we can not touch those earnings except when they are paid to the share-holders. Thus, if I am elected governor of N.J. in 2013, when Washington grants the next tax holiday and those foreign earnings are paid to investors, we will be waiting.
China offers a much greater market with almost 1.5 billion people eager to live better and consume more while the American consumer is exhausted. The Chinese government just initiated its great push to increase internal consumption and controlling inflation at the same time.
Despite all the opinions about China being in fiscal trouble, they are in much less trouble than anyone else. China is a communist country and it can do things to manage its economy that are not possible anywhere else.
If manufacturing is truly returning, some of the tax measures I advocate for may need revision. Nation’s realities may be different from New Jersey’s. Jobs may be returning to the south and not to the garden state. But, I believe that the trend will not change between now and the end of 2013. That is, an overall net loss of American industrial jobs to outsourcing for the next foreseeable future.