1. We must increase the amount of money that people make significantly to raise the standard of living. That is why my proposed minimum wage increase of 150% to push all wages up.
2. We must reshuffle the tax system so that it benefits New Jersians and those who invest in New Jersey above all. In that process, we must reduce the number of government units, notably counties and boards of education. Counties alone represent between 20% and 25% of the entire property tax burden of New Jersey. That is more than $5 billion a year. Although a number of county departments and agencies should remain, I truly believe that such a staggering bill could be at least cut in half when we discount the political bodies.
3. We must lower our corporate taxes – in many cases to zero – to attract more corporations to relocate to New Jersey. That also includes all S corporations, LP, and independent professionals in the state. This is not corporate welfare; they will have to pay significantly higher wages. But they must see a reason ($) to move here.
Note that Item #2 will involve one or more amendments to the constitution of New Jersey. People will get to vote on the changes.