Friday, May 9, 2008

Why business is fleeing the state

It's like watching a car wreck in slow motion. What the Democrats are doing to the state's economy, I mean. Pieces are flying off in all directions. In terms of taxes and regulation, New Jersey was once a relative haven, a cheap place to do business. (Snip) The primary source of job growth in recent years has been in government, not private industry. And that represents a death spiral. Public employment creates higher taxes, which in turn discourage private employers from locating or expanding in New Jersey...

[lesson will be repeated until learned]

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