“No pain, no gain” – No pain for New Jersey’s wealthy and
plenty for the middle class, the old and the disabled.
First “The Governor” reneges on the pension funding which he so vehemently touted and claims that he
will never sign a millionaire’s tax bill to help balance the budget. He is a “no
new taxes” kind of guy!
Well, now if withholding the Homestead Rebate again from
families earning $150,000 or less isn’t a tax increase then what is it?
I am sure the
Governor’s will come up with a newspeak term that will avoid calling it what it
is - A TAX INCREASE.
Wait a minute!
Now, in retrospect, I suppose it really isn’t a tax
increase; not on the wealthy anyway, since those earning in excess of $150,000
never qualified for the rebate in the first place. Again, only common folks and
public employees * will be obliged to participate in the Governor’s “No pain,
no gain” scheme.
With this TAX INCREASE “The Governor’s” fear of the rich
leaving the State in droves need not even be considered and I suspect he certainly
has no concern about the middle class and poor leaving. As a matter of fact I
think he might even welcome their loss!
*Public employees who have been subjected to the pension “reform”
will suffer double the “pain” since most fall under the $150,000 income level
and now will also be denied (have postponed?) their Homestead Rebate.
I just got this email today -
ReplyDeleteWALT, CHERYL JUST INFORMED ME THAT 300,000 MILLION OF OUR PENSION FUNDS WERE INVESTED IN REVEL, THE A.C. CASINO, THAT JUST WENT SOUTH. IT WAS DETERMINED BY ? AS A SOUND INVESTMENT BY THOSE WHO ARE IN CHARGE OF PENSION FUNDS. WHAT'S THE SCOOP ON THIS. THANKS
My answer -
That is true. I read about that a week or two ago. And BTW if I remember correctly it was invested through a hedge fund run by one of Christie’s buds!
Same old s**t !!