Tag Archives: Business

The negative economics of New Jersey

Federal taxes

What can be done to reverse the negative economics of New Jersey?

From World Population Review, “New Jersey is home to more scientists and engineers per square mile than any other area of the world. It’s also one of the most religiously and ethnically diverse states in the US, with the second largest Jewish population (after New York state), the second largest Muslim population (after the state of Michigan), the largest population of Peruvians in the country, and the largest population of Cubans outside of the state of Florida. It also boasts very high numbers of Portuguese and Brazilian Americans, Hispanics, Arabs, African-Americans, Asians, Chinese and Italian Americans.Continue reading The negative economics of New Jersey

So called ‘Living Wage’

Living Wage

Murphy, Sweeney and Coughlin all think that a so called ‘Living Wage” of $15.00 is good for the people of New Jersey. Well here are some facts and my opinion.

Right now this is the minimum wage– “$8.85 per hour, which translates to $18,408.00 a year if work a 40 hour week. And for those who get tipped, serving staff, the minimum wage is $2.13 per hour.Continue reading So called ‘Living Wage’

Why is New Jersey losing businesses and people?

NJ Captitol building where money is spent

Why is New Jersey losing businesses and people? You might have seen in the newspaper or on the internet that Mercedes-Benz USA is leaving Bergen County for the Atlanta Georgia area. A number of factors have caused them to decide to move down South and unfortunately they are not the only company that is moving out of New Jersey. Continue reading Why is New Jersey losing businesses and people?

Open Space and Business

The New Jersey Shrinking Dollar.
The New Jersey Shrinking Dollar.

Question 2 on the ballot for this coming Tuesday asks if you the voter wants to dedicate another two percent of the monies collected from the Corporation Business Tax to create and preserve open space via an amendment to the state constitution. Sounds simple doesn’t it? Well it is not, for one thing what revenue source will be used to replace the two percent taken and how will we know that these funds are not used for some other purpose. After all there is no such thing as a truly Dedicated Fund!

Of course this sounds like a great thing to vote for, but is it? I have to agree it will do things that need to be done, but the State of New Jersey is so far in debt that its’ credit rating is not that great. And what about fixing the economic problems we already have. Such as we do not have a great appeal to any businesses that are thinking of coming into New Jersey. We as a state are not thought as business friendly, in fact we are rated way down the list. So far down the list that we are last! Past administrations and political institutions are partly to blame for this situation and even today the no one wants to really address the basic problem. If more businesses could be attracted to the state, then there really would be no need for the two percent increase that Ballot Question Number 2 asks for. Continue reading Open Space and Business