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Chris Wysocki
Caldwell, NJ
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Hey! I've moved to He's Pretty Fly For A Jersey Guy.
Please update your bookmarks. Thanks!
Monday, 09 June 2014
Today's shocker: people plan to flee New Jersey's high taxes when they retire
As if we needed another opinion poll to discover the obvious!
New Jersey's high cost of living — including its high taxes — could drive seniors out of the state, according to a poll released today.
The Fairleigh Dickinson PublicMind poll found that 52 percent of the state's non-retirees said they plan to spend their golden years in another state, while just 32 percent said they want to stay in New Jersey.
"People are living longer and need their retirement savings to last beyond what previous generations expected," said poll director Krista Jenkins. "Future retirees are obviously looking for places where they can stretch their dollars, and New Jersey isn't looking too affordable these days."
Of those who want to leave, 57 percent said it's the state's high cost of living, including taxes.
In other news, water is wet.
And sooner or later you run out of other people's money.
"Economies thrive with a diversity of taxpayers, all of whose contributions and needs provide some degree of equilibrium," said Jenkins. "If broad swaths of retirees leave the state, things like school districts will suffer as the demand begins to exceed tax revenue."
No one's gonna accuse New Jersey's economy of "thriving." Not lately, anyway. And yet the Democrats who control our state legislature are hell-bent on raising taxes. Why? To transfer even more of our wealth to the public employee unions, of course.
It's the Blue State death spiral. Because liberals never learn from their
failures.
Posted at 09:40 by Chris Wysocki
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