Responding to the ridicule of teachers and the teaching profession by politicians and self proclaimed "experts"!
"Where is Albert Shanker now that we need him?" - Walt Sautter

Sunday, October 12, 2014

A Race to the Bottom for NJ Retirees

I noticed both of these articles in the same Ledger addition last week. I wonder how many of the households led by persons 65 and older are in the State Pension Plan? Will "The Governor's" attacks on the pension fund reduce that $45,092 to even lower levels in coming years? 
How about the second article, the map of real estate values. How could all the rich be fleeing the state (as "The Gov." suggests) and still have property values in the state remain at the magnitudes shown? Does anyone really think that a millionaires tax would drive people from these lavish abodes?
I don't think "The Gov." actually believes that it would either. He just wants to make sure that his rich buds and donors don't have to contribute any more support to those that help them to maintain their opulent life style in New Jersey.
God forbid one of them might have to down grade from the Rolls Phantom Coupe ($476K) to the lowly old Phantom Sedan ($410K) next year!




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