Phil Murphy Part 3

Phil Murphy

 

Now let us look at Phil Murphy and his views on New Jerseys economy.

Per his campaign website, “We need an economy that works for all New Jerseyans, not just the special interests. I flat out reject the ‘us versus them’ approach to our economy – it is time we get back to thinking about ‘we.’

My problem with this statement is that capitalistic economic model does not work this way, but the communist economic model does. Per Investopedia, “Capitalism is an economic system in which capital goods are owned by private individuals or businesses. The production of goods and services is based on supply and demand in the general market (market economy), rather than through central planning (planned economy or command economy).” So the model we use is an ‘Us versus Them’ one and that can not be realistically changed. It can be made more compassionate/ethical and that is what I hope Mr. Murphy is trying to express in his own way.

What Murphy wants to do as governor of our great state is as follows-

  • Raise minimum wage to $15 an hour, so that those who want to work can support their family and ensure that no one who works full time in 2017 lives in poverty.
  • Guarantee earned sick leave statewide, because no one should have to choose between a job and caring for a loved one.
  • Ensure equal pay for equal work.
  • Expand the EITC to 40 percent of federal level, so that working families can lift themselves out of poverty.
  • Create a new child care and caregiver tax credit to alleviate the high cost of caring for a family in NJ.

And finally make millionaires and corporations pay their fair share of taxes, so we can make the investments we need in our schools.

By raising the minimum wage New Jersey will cause the demise of many menial jobs, such as those working in the food service industry. There are already machines that can make hamburgers and in many stores there already exists electronic food ordering machines. So raising the minimum wage is not very realistic as it was and is meant only for entry level workers. It should not be considered a job level that one could live on.

Guaranteeing earned sick leave is wonderful for the employee, but for a small company it could make or break them. It sounds wonderful and it is a good idea, but it must be carried out with compassion to both to the employee and employer.

Ensure equal pay for equal work sounds nice, but it is very difficult to achieve and how this would be carried out will be interesting to see. As far as a Female getting the same pay as Male worker doing the exact same job that is something that should be embraced by all.

Mr. Murphy wants to expand the Earned Income Tax Credit (EITC) to equal the federal one is fine if the state can afford to do so. If it would further strain our already fragile state economy then I think that it would be best to leave it as it is.

Creating a tax credits for child care and one for caregivers again could strain our economy to the breaking point. It is not the state’s responsibility to help pay for the cost of having a child, it is your own!

Finally again the call for a Millionaires Tax raises its ugly head. Don’t be fooled into thinking that those that who would be defined as millionaires could not just leave the state and move into a nearby state that does not tax them to death. And the same goes for raising the already stifling corporation taxes, why does everyone think that by taxing corporations to death it will save the state. The corporations can also just leave, thus damaging our economy even more.

Mr. Murphy is following the Progressive Liberal line of thinking that to me is very unrealistic. He should move his economic thinking toward the middle ground and join the rest of the real world.

I will continue with Part 4 next week. It is my hope that this makes you think about the issues the candidates are presenting and please remember any comments made by myself are my own.

That is my opinion- Jumpin Jersey Mike

Part 2

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