Rutgers funding in jeopardy because of mass migration out of NJ!

[BROTHERSKINNY]

New Jersey Is Becoming The Most Hated State As Households Flee In Record Numbers
A new tax on millionaires, a 22.5% gas tax hike (bringing the total increase to 250% in 4 years), and now a tax on high frequency trades: it is becoming obvious to most - except perhaps the state's democratic leadership - that New Jersey is now actively trying to drive out its tax-paying population and top businesses with a series of draconian measures to balance its deeply underwater budget, instead of slashing spending. The state-imposed limitations on commerce, mobility and socialization due to the covid pandemic have also not helped. And in case it is still unclear, the trend of New Jersey's ultra wealthy residents fleeing for more hospitable tax domiciles which started with David Tepper years ago, is now spreading to members of the middle class.

According to the latest data from United Van Lines and compiled by Bloomberg, people have been flooding into Vermont, Idaho, Oregon and South Carolina, eager to flee such financially-challenged, high-tax, protest-swept, Democrat-controlled states as Connecticut, Illinois and New York. But no other state has seen a greater exodus than New Jersey, where out of every 10 moves, 7 have been households leaving the state, or nearly three times as many moved out than moved in.

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[ashokan]

They aren't coming to NY. Movers are booked 3 months in advance and most are leaving. One company owner told me 2 of every 3 moves was out of state, and that was before the virus and insurgency

 

[goru1869]

Smart people are leaving. My family and I are taking our money out of here in four years after my son graduates from high school. We might move to Gettysburg. I have always wanted to work at the battlefield. Suckers will stay and continue to complain and vote for the same people expecting different results. It's not going to happen ! See ya later Jersey !

 

[fg7321]

My friend sold her home in NJ in one weekend. She had 65 showings and 4 offers above asking price. They did a bidding war BAFO round of offers and she came out 30 k over price.

 

[newell138]

OC real estate is actually sky rocketing because of people wanting to flee dem run cities and north jersey. We have low taxes for NJ, (1% of assessed value) good schools and a family friendly environment. The guy up the street from me just retired and is moving to CO. His house is kind of a dump on the inside, but it was sold in 2 days with 5 offers above listing price. My daughter who is a realtor has been telling clients, if you see a house you like, make sure your first offer is at or above listing or it will be gone.

If i did not live here, I would also be exiting NJ when I retire in a few years, if not sooner.

 

[RU#1fan]

Really ? Fleeing New Jersey ?
Houses are selling like hotcakes in our area of Central New Jersey.

 

[yesrutgers01]

Interesting thing is as fg just said...NJ residents may be fleeing but hate to say this, it may be good for the economy in the long run. Many that are picking up and moving are older and close to retirement and or forced into early retirement from covid and need to sell or middle aged that are fine financially but COVID and the aftermath has them thinking that they need to protect their future and cost of living here is just not worth it. But...a house goes on the market and it is selling very fast now and most of the time to the younger couples that are making big enough bucks that they were able to enjoy a few years living large in NYC and now want out. NJ, with all it's faults, still does have great schools for a young family, houses with space and land, great cultural experiences and still less expensive than NYC.
I would be more worried if people were leaving and houses just sat on the market or people just walked away like they did in 08/09.

That said...NJ is becoming increasingly difficult to make an argument for staying outside of family.

 

[RU205]

Really ? Fleeing New Jersey ?
Houses are selling like hotcakes in our area of Central New Jersey.

This is true. Houses are going quickly and most are in bidding wars. If you were planning on selling, now is the time. Sellers market. Plenty of buyers want houses in Central New Jersey. No shortage of people moving into the area.

 

[krup]

People ARE fleeing NJ, but luckily for NJ they are being replaced by the people who are fleeing NYC.

 

[BROTHERSKINNY]

Why is the democrats only response to raise taxes? Why not lay off state workers and cut government spending? Why is it that democrats always want to suck more money from people?

 

[fg7321]

You think people are moving because of the Gas tax think again. Its basically a $2.00 a week bump if you figure in one tank a week.

Its annoying that it keeps going up and the state actually needs to figure out a way to make folks who drive electric or hybrid cars pay for their upkeep for use of highways. That will happen when these cars are priced the same as conventional vehicles.

 

[fg7321]

Why is the democrats only response to raise taxes? Why not lay off state workers and cut government spending? Why is it that democrats always want to suck more money from people?

You do know that every non-essential state worked just had a two week unpaid furlough back in July??

 

[BROTHERSKINNY]

You do know that every non-essential state worked just had a two week unpaid furlough back in July??

BFD! We could cut 2/3rds of NJ’s excessively wasteful government and be better off for it!

 

[Proud NJ Sports Fan]

They are not moving to Oregon unless they're nuts

 

[RU205]

It sucks that the gas tax is going up again in N.J. since it had a big increased in 2016 when Chirstie raised it. Chris was a Republican.

 

[leftoright]

New Jersey Is Becoming The Most Hated State As Households Flee In Record Numbers
A new tax on millionaires, a 22.5% gas tax hike (bringing the total increase to 250% in 4 years), and now a tax on high frequency trades: it is becoming obvious to most - except perhaps the state's democratic leadership - that New Jersey is now actively trying to drive out its tax-paying population and top businesses with a series of draconian measures to balance its deeply underwater budget, instead of slashing spending. The state-imposed limitations on commerce, mobility and socialization due to the covid pandemic have also not helped. And in case it is still unclear, the trend of New Jersey's ultra wealthy residents fleeing for more hospitable tax domiciles which started with David Tepper years ago, is now spreading to members of the middle class.

According to the latest data from United Van Lines and compiled by Bloomberg, people have been flooding into Vermont, Idaho, Oregon and South Carolina, eager to flee such financially-challenged, high-tax, protest-swept, Democrat-controlled states as Connecticut, Illinois and New York. But no other state has seen a greater exodus than New Jersey, where out of every 10 moves, 7 have been households leaving the state, or nearly three times as many moved out than moved in.

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

"I'm alllllready gone..." - The Eagles

 

[fg7321]

BFD! We could cut 2/3rds of NJ’s excessively wasteful government and be better off for it!

Really tell us specifically what you would cut? I'm sure there are some places but it would be cutting around the edges.

So tell us what Gov Skinny would cut

 

[goru1869]

It sucks that the gas tax is going up again in N.J. since it had a big increased in 2016 when Chirstie raised it. Chris was a Republican.

We know, we know.

 

[Proud NJ Sports Fan]

It sucks that the gas tax is going up again in N.J. since it had a big increased in 2016 when Chirstie raised it. Chris was a Republican.

Both parties are responsible for it, not one guy.

 

[Knightmoves]

You think people are moving because of the Gas tax think again. Its basically a $2.00 a week bump if you figure in one tank a week.

Its annoying that it keeps going up and the state actually needs to figure out a way to make folks who drive electric or hybrid cars pay for their upkeep for use of highways. That will happen when these cars are priced the same as conventional vehicles.

Ive read that states want to charge EV owners with a Transportation or Use tax for driving the roads within the state.

State could charge an additional annual registration fee for all EV’s to replace lost revenues from gas taxes with those drivers. I expect this to happen at some point.

 

[OTBOTOR]

People ARE fleeing NJ, but luckily for NJ they are being replaced by the people who are fleeing NYC.

And this is the way it has been for decades.

 

[BROTHERSKINNY]

Really tell us specifically what you would cut? I'm sure there are some places but it would be cutting around the edges.

So tell us what Gov Skinny would cut

I would cut everything that was non essential. Government officials would have a staff of one, any others are paid by them. Get rid of DMV entirely! Stop this shell game of municipalities sending money to Trenton and then Trenton sending it back as “state funding”. If I were governor I would literally lop off 2/3rds of the parasite known as government!

 

[newell138]

I would cut everything that was non essential. Government officials would have a staff of one, any others are paid by them. Get rid of DMV entirely! Stop this shell game of municipalities sending money to Trenton and then Trenton sending it back as “state funding”. If I were governor I would literally lop off 2/3rds of the parasite known as government!

Lots of "commissions" too that could be gotten rid of. Everyone on these commissions gets a car, benefits and pensions. My dad worked at Wanaque reservoir for his entire life and had to deal with the "north jersey district water commission" He always said they were all political appointees that met once a month, screwed things up because they had no idea what was going on but collected all kinds of perks and bonuses along w/ cars, salaries and benefits.

 

[newell138]

And this is the way it has been for decades.

Right now Di BLasio is the main reason people are leaving NYC. Look at his quotes from last week:

Mayor de Blasio made a public plea Friday for taxing the rich and redistributing their money even as the Big Apple reels from a coronavirus-induced budget crisis that’s already caused well-heeled New Yorkers to head for the hills.

“Help me tax the wealthy. Help me redistribute wealth. Help me build affordable housing in white communities if you want desegregation,” de Blasio said on WNYC’s “The Brian Lehrer” show after a caller asked about integrating public schools.

“If you just talk about it and feel self-satisfied, god bless you,” de Blasio said to the caller who cited a New York Times podcast called ‘Nice White Parents” that argues white parents should do more to bring racial equality to schools.

“That’s not actually going to change things. What changes things is redistribution of wealth. Tax the wealthy at a much higher level,” the mayor said, adding that he’d never heard of the podcast.

“I just feel like this is a lot of cocktail party comfort going on rather than people honestly dealing with this issue,” he said.

Councilman Robert Holden (D-Queens) said the mayor should cut fat from the city’s budget instead of squeezing more funds out of his constituents.

 

[krup]

I would cut everything that was non essential. Government officials would have a staff of one, any others are paid by them. Get rid of DMV entirely! Stop this shell game of municipalities sending money to Trenton and then Trenton sending it back as “state funding”. If I were governor I would literally lop off 2/3rds of the parasite known as government!

Since the pensions are one of the biggest financial issues, there is one easy reform that would save a lot of money.

The workers like to fight every attempt at pension reform with the argument that they have paid "their fair share" into their pension (which is debatable). Well, the one thing that isn't debatable is that the workers have made their contributions as a % of whatever salary they were making at the time while currently their pension payout is paid based on their highest salaries.

If a teacher gets hired at 40,000 and retires at 90,000, and was paid an average salary of 70,000 during their working career, their pension should be based on 70,000, not 90,000. That is how their contributions came into the fund and that is what would be fair to them and the taxpayers.

 

[RU from Jersey]

I would cut everything that was non essential. Government officials would have a staff of one, any others are paid by them. Get rid of DMV entirely! Stop this shell game of municipalities sending money to Trenton and then Trenton sending it back as “state funding”. If I were governor I would literally lop off 2/3rds of the parasite known as government!

What about on the federal level? Spending has gone up exponentially and the deficit is spiraling out of control under the current administration. Shouldn't the same apply here? I think we should stop the game of the rich states supporting the poor states because that is just plain socialism.

 

[Knight Shift]

People ARE fleeing NJ, but luckily for NJ they are being replaced by the people who are fleeing NYC.

Luckily? No thanks. Please move elsewhere. Have met few NYC transplants that are decent neighbors.

 

[rutgersdave]

Housing boom in NJ

This is true. Houses are going quickly and most are in bidding wars. If you were planning on selling, now is the time. Sellers market. Plenty of buyers want houses in Central New Jersey. No shortage of people moving into the area.

Relative just paid $20k over ask because he kept on losing out on houses just bidding list price. If anyone want to leave New Jersey, now is the right time to leave. Old people move out of NJ and are replaced by younger people, it’s been the cycle for 100 years.

 

[Proud NJ Sports Fan]

Luckily? No thanks. Please move elsewhere. Have met few NYC transplants that are decent neighbors.

NYers should move to California instead

 

[Knight Shift]

New Jersey Is Becoming The Most Hated State As Households Flee In Record Numbers
A new tax on millionaires, a 22.5% gas tax hike (bringing the total increase to 250% in 4 years), and now a tax on high frequency trades: it is becoming obvious to most - except perhaps the state's democratic leadership - that New Jersey is now actively trying to drive out its tax-paying population and top businesses with a series of draconian measures to balance its deeply underwater budget, instead of slashing spending. The state-imposed limitations on commerce, mobility and socialization due to the covid pandemic have also not helped. And in case it is still unclear, the trend of New Jersey's ultra wealthy residents fleeing for more hospitable tax domiciles which started with David Tepper years ago, is now spreading to members of the middle class.

According to the latest data from United Van Lines and compiled by Bloomberg, people have been flooding into Vermont, Idaho, Oregon and South Carolina, eager to flee such financially-challenged, high-tax, protest-swept, Democrat-controlled states as Connecticut, Illinois and New York. But no other state has seen a greater exodus than New Jersey, where out of every 10 moves, 7 have been households leaving the state, or nearly three times as many moved out than moved in.

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Please stop posting garbage from right-wing idiotic websites. And please promise to leave the state and stop following Rutgers sports.

Zero Hedge - Wikipedia

en.wikipedia.org

Zero Hedge or ZeroHedgehttps://en.wikipedia.org/wiki/Zero_Hedge#cite_note-5 is a far-right[12] libertarian[17] financial blog

Over time, Zero Hedge expanded into non-financial analysis,[c] such as conspiracy theories and fringe rhetoric[25] that has been associated with the US radical right[14][26] and a pro-Russian bias.[27][28][29][1] Zero Hedge's non-financial commentary has led to a number of § Site bans by various global social media platforms

 

[mdk01]

They are not moving to Oregon unless they're nuts

They're moving from California. And not necessarily to Portland.

 

[rutgersdave]

Smart people are leaving. My family and I are taking our money out of here in four years after my son graduates from high school. We might move to Gettysburg. I have always wanted to work at the battlefield. Suckers will stay and continue to complain and vote for the same people expecting different results. It's not going to happen ! See ya later Jersey !

I think you need to sell now when the real estate is hot or sell and live in an apartment.

 

[RU2055]

Since the pensions are one of the biggest financial issues, there is one easy reform that would save a lot of money.

The workers like to fight every attempt at pension reform with the argument that they have paid "their fair share" into their pension (which is debatable). Well, the one thing that isn't debatable is that the workers have made their contributions as a % of whatever salary they were making at the time while currently their pension payout is paid based on their highest salaries.

If a teacher gets hired at 40,000 and retires at 90,000, and was paid an average salary of 70,000 during their working career, their pension should be based on 70,000, not 90,000. That is how their contributions came into the fund and that is what would be fair to them and the taxpayers.

I know an engineer in the Transit Authority. There is an unwritten rule that whenever someone in their department would be close to retirement, they would punch that person in and out so that the hours that person worked would be artificially inflated. Retirement pension is calculated off the last three years of salary. So it is not unusual for people making 70k to end up with 120k as their retirement money. The way they justify it is that they were underpaid compared to corporate, so it's sorta like payback time, so to speak. From what I understand this is common practice in many branches of the NJ Govt. Of course wherever they can get away with it.

 

[rutgersdave]

BFD! We could cut 2/3rds of NJ’s excessively wasteful government and be better off for it!

Why are you still living in New Jersey? You should be in a Miami.

 

[bitnez]

Please stop posting garbage from right-wing idiotic websites. And please promise to leave the state and stop following Rutgers sports.

Zero Hedge - Wikipedia

en.wikipedia.org

Zero Hedge or ZeroHedgehttps://en.wikipedia.org/wiki/Zero_Hedge#cite_note-5 is a far-right[12] libertarian[17] financial blog

Over time, Zero Hedge expanded into non-financial analysis,[c] such as conspiracy theories and fringe rhetoric[25] that has been associated with the US radical right[14][26] and a pro-Russian bias.[27][28][29][1] Zero Hedge's non-financial commentary has led to a number of § Site bans by various global social media platforms

I don’t know anything about the source but the fact remains people are leaving NJ.

 

[Proud NJ Sports Fan]

They're moving from California. And not necessarily to Portland.

From CA, makes sense.

A shame that the pacific Northwest, such an awesome area for nature is being ruined by a demonic infiltration

 

[Knight Shift]

I don’t know anything about the source but the fact remains people are leaving NJ.

I don't either, but the fact remains the OP is an unhinged lunatic that posts wacky right-wing nutjob stuff.

 

[Proud NJ Sports Fan]

I don't either, but the fact remains the OP is an unhinged lunatic that posts wacky right-wing nutjob stuff.

Isn't Numbers still linking NY Times stuff?

Call him out too if you're against FAR right or left "stuff"

 

[patk89]

What about on the federal level? Spending has gone up exponentially and the deficit is spiraling out of control under the current administration. Shouldn't the same apply here? I think we should stop the game of the rich states supporting the poor states because that is just plain socialism.

The theory that states like NY, NJ, and CA are subsidizing poor states has been debunked. When NY did their calculation, they included things like military bases as being contributions to poor states. Plus, as has been pointed out in this thread, older people are forced to leave NY/NJ for economic reasons and their social security/medicare payments are counted as contributions to the new state. How many public servants retire and take their pensions down south? They don't want to pay the exorbitant taxes here. Finally, replacing retirees with younger families increases the number of students in our schools which drive up costs.

 

[Proud NJ Sports Fan]

Why are you still living in New Jersey? You should be in a Miami.

Miami has hot women 😛