If high taxes mean no jobs, why has NY recovered?

From the Star Ledger:

N.J. has worst business tax climate in U.S., study finds

New Jersey’s high property and income taxes contribute to its standing as the nation’s least attractive tax climate for businesses, according to a Washington tax policy group’s annual ranking of the 50 states.

The Tax Foundation, a public policy group that has two former Republican lawmakers on its board of directors, considered five metrics, including corporate, individual income, sales, unemployment and property taxes to arrive at an overall rank. New Jersey ranks dead last — a distinction the Garden State has had since at least 2013.

“New Jersey… is hampered by some of the highest property tax burdens in the country, is one of the two states to levy both an inheritance tax and estate tax, and maintains some of the worst-structured individual incomes in the country,” according to the study.

With average homeowner property tax bills exceeding $8,000, New Jersey ranks 50 of 50 on property taxes. New Jersey doesn’t fare much better in a comparison of individual income and sales taxes, registering at 48 and 47, respectively.

It climbs a few spots up to 43 in the ranking of corporate business taxes. But the state’s best showing , 31st, is on the unemployment insurance tax.

The left-leaning Trenton think tank, NJ Police Perspective, said in a statement that “business tax climate” shouldn’t be confused with “business climate,” noting that New York ranked one slot higher than New Jersey but has “recovered from the recession with gusto.”

This entry was posted in Housing Recovery, Politics, Property Taxes. Bookmark the permalink.

97 Responses to If high taxes mean no jobs, why has NY recovered?

  1. D-FENS says:

    NY State has NYC and we don’t. Period end of story.

  2. Comrade Nom Deplume, screwing around at work says:

    [1] DFENS

    Fact

    Go upstate and ask them about the NY state recovery. The same recovery where NY has to declare the state an economic opportunity zone just to get businesses to open there.

  3. Comrade Nom Deplume, screwing around at work says:

    This one is for Joyce.

    http://www.click2houston.com/news/driver-files-complaint-after-traffic-stop-in-rosenberg/36532140

    Fact that IA cleared this stop simply means that no civil rights were violated. This is true only if you can be arrested for a traffic violation. Interestingly, the traffic violations are themselves in question.

    Cops are going to hate video. As much as it clears them, it damns them.

    And it reinforces something I have said for a long time: Cops are the one occupational group totally against the Second Amendment. They are quite clear on the fact that they feel only they should have guns, and that an armed populace makes their job exponentially harder.

  4. Juice Box says:

    If they just shut down the wifi and Starbucks deliveries the Princenton protest would have been over in an hour.

    http://www.nj.com/mercer/index.ssf/2015/11/protesting_princeton_students_and_university_reach.html#incart_target2box_default_

  5. NJCoast says:

    The best and brightest are fleeing NYC in droves to the Hudson Valley. Many still telecommute and go into the city once or twice a week, others are investing in businesses upstate. The Hudson River train line gets you into the city quickly while enjoying a scenic route along the river.

  6. Libturd in Union says:

    That is the weakest protest I’ve ever seen. Best of all, there are more Asians and white folk protesting than blacks.

  7. chicagofinance says:

    I was just in Princeton on Tuesday night and had an animated conversation with a client…..the upshot was OK WTF is going to happen here? I drove past the WW school on the way out……did you see a photo? out of central casting…..I get the feeling that it was really a campus recruiting event for full-time positions……it is that time of year you know……

    BTW….the girl that cussed out that Yale professor…..my client said that it years past, that was grounds for expulsion….now you can do it on camera and walk away scot-free….

    Juice Box says:
    November 20, 2015 at 9:06 am
    If they just shut down the wifi and Starbucks deliveries the Princenton protest would have been over in an hour.

  8. Juice Box says:

    re # 8 – You can see the Starbucks delivery in one of the photos. Comical, it reminds me of the Occupy Wall St folks I ran into at a Whole Foods a few years back.

  9. The Original NJ ExPat says:

    It’s never a good sign if your state doesn’t have a big city you would be excited to move to and tell your friends about. I guess the closest you can get is:

    “We’re moving to Edison!”

    NY State has NYC and we don’t. Period end of story.

  10. The Great Pumpkin says:

    Another jersey hater, who secretly wishes he wasn’t a nj expat.

    The Original NJ ExPat says:
    November 20, 2015 at 9:53 am
    It’s never a good sign if your state doesn’t have a big city you would be excited to move to and tell your friends about. I guess the closest you can get is:

    “We’re moving to Edison!”

    NY State has NYC and we don’t. Period end of story.

  11. The Original NJ ExPat says:

    BTW, What’s the deal with this? Do I have to move my accounts to IB and write my own software to do GTC and stop loss orders or will Ameritrade and Schwab build an interface such that you still think you can have stops and GTCs? My inclination is that stop loss orders confuse HFT algos so retail is being shooed away from the exchanges.

    http://www.marketwatch.com/story/nyse-joining-nasdaq-in-eliminating-stop-orders-2015-11-18

  12. leftwing says:

    11. Short trader

    Truly the most pathetic thing and human being I have seen in a while.

    The guy is clearly a daytrader and experienced (ie, not some unsuspecting elder sold a position they don’t understand by an unscrupulous broker).

    Am I reading the statement correctly that he was also on margin?

    He is the poster child of everything wrong with this country – whining, unaccountable, and soft and expecting that simply because he can fog a mirror he should be privileged to be exempt from the negative outcome of his actions.

    Makes me want to vomit. Hope his wife does divorce him as one commentor suggested. More likely he’ll hire some bottom feeding attorney to harass the ‘big, bad’ Wall Street firm and come out ahead in a settlement.

  13. The Original NJ ExPat says:

    [13]Pumpduck – How many times have you heard someone say this with NJ at the end:

    “I’ve had enough of this place, I’m just going to pick up and move to ______!”

  14. The Original NJ ExPat says:

    The best thing about NJ is that it is close to all the places you’d rather be.

  15. The Original NJ ExPat says:

    You can only go short in a margin account.

    Am I reading the statement correctly that he was also on margin?

  16. leftwing says:

    “It’s never a good sign if your state doesn’t have a big city you would be excited to move to and tell your friends about”

    NJ as we know it is part of NYC. Or, stated differently, if not for NYC then northern Jersey counties would resemble WV.

    “[13]Pumpduck – How many times have you heard someone say this with NJ at the end:
    “I’ve had enough of this place, I’m just going to pick up and move to ______!”

    Dude, don’t even try. He can’t hold two thoughts together and is usually self contradictory in the same paragraph (on the few instances he has an original thought and not a 5000 word multi-post cut and paste).

    He’s openly stated several times that the NJ model in his mind is make your money and get out.

  17. The Original NJ ExPat says:

    He’s not a “real” day trader either, because day traders don’t hold positions overnight. If you are a “pattern day trader” you need to maintain at least $25K (cash + positions) in your account (last I checked) and you’ll be granted quadruple margin. So if he had a $37K account you could have positions 4 times that in size. Back in the tech bubble days I used to make a lot of money selling to day traders. I knew the setups that the amateurs would look for each night, so I built some screens to find them between 3:30PM and 4PM, buy them, hold overnight and sell to the day traders in the morning. I took some losses myself by holding overnight, but I still cleared 0.25% per day average, which doesn’t sound like much but it is.

  18. The Original NJ ExPat says:

    I’m sure people in RI feel the same way about Boston, but in the end no one lives there except the people who do.

    NJ as we know it is part of NYC. Or, stated differently, if not for NYC then northern Jersey counties would resemble WV.

  19. leftwing says:

    ExPat

    If you can reliably clear on average 0.25% overnight quit now and let’s throw some money in a pot together today. That’s HUGE.

    Is this guy as a ‘pattern day trader’ (on his statement) one of these guys in the boiler room after taking some four grand day trading class at the Marriot near the local airport?

  20. The Great Pumpkin says:

    Yes, I get all the benefits of the city, but at nj prices. Beautiful thing. Have fun missing jersey.

    The Original NJ ExPat says:
    November 20, 2015 at 10:17 am
    I’m sure people in RI feel the same way about Boston, but in the end no one lives there except the people who do.

    NJ as we know it is part of NYC. Or, stated differently, if not for NYC then northern Jersey counties would resemble WV.

  21. joyce says:

    “Fact that IA cleared this stop simply means that no civil rights were violated. ”

    This is sarcasm, right? Remember Bloomfield… or every other IA investigation?

  22. leftwing says:

    “Yes, I get all the benefits of the city, but at nj prices. Beautiful thing.”

    I strongly suspect on most days you don’t make it out of your basement.

    If you believe suburban NJ gives you all the benefits of the city I have no idea what your view of the city is. Which, at least, is consistent because I also find myself wondering what color the sky is in your world when reading your posts.

    Mommy book you into the Christmas Spectacular yet?

  23. The Great Pumpkin says:

    It’s that what makes nj special? It’s right next to nyc. So what is your point? Should we bash nj because it is located next to one of the largest and most powerful cities in the world?

    leftwing says:
    November 20, 2015 at 10:10 am
    “It’s never a good sign if your state doesn’t have a big city you would be excited to move to and tell your friends about”

    NJ as we know it is part of NYC. Or, stated differently, if not for NYC then northern Jersey counties would resemble WV.

    “[13]Pumpduck – How many times have you heard someone say this with NJ at the end:

  24. leftwing says:

    “Philly men speaking Arabic said they were profiled before flight”

    This is bad?

    Illegal, here, I know. But bad? Last time I checked it was only a certain ethnicity looking to blow me up. I don’t think there would have been concern if two Nordic people were speaking Swedish, two Japanese speaking Japanese, etc, etc.

  25. leftwing says:

    “It’s that what makes nj special? It’s right next to nyc. So what is your point? Should we bash nj because it is located next to one of the largest and most powerful cities in the world?”

    No the point was not to bash Jersey. It was, I believe, that other areas have demographic, geographic, climates, or other traits inherent to their state that entice people to move there.

    Absent NYC, the rest of the state would look like wide swaths of South Jersey and be as (un)attractive.

  26. joyce says:

    Yes, bad. Do you think whomever “told on them” even knows on word of the Arabic language?

  27. leftwing says:

    Nothing wrong with being a pimple on the butt of the elephant. Some advantages actually.

  28. Ragnar says:

    I’m fairly confident that home “trading” has more in common with sports betting and ca$ino visits rather an actual job. And there’s an industry devoted to convincing people to rack up trading borrowing costs by giving them a false belief in their ability to add value through trading. I suspect the opportunities in semi-pro day trading were arbitraged away by the late 90s.

  29. leftwing says:

    joyce

    Not looking to go down the slippery slope of detention camps in WW2 but you have to admit the contortions we go through to *not profile* are ridiculous.

    There is a clearly identified group of people sworn to end your very existence and extinguish your ideals. Yet to engage them it must be ‘random’, meaning Grandma Wheeler from the Upper Peninsula of Michigan must be equally dumped from her wheelchair and engaged as well.

  30. The Great Pumpkin says:

    I happen to think suburban jersey has some of the nicest towns in America.

    leftwing says:
    November 20, 2015 at 10:28 am
    “Yes, I get all the benefits of the city, but at nj prices. Beautiful thing.”

    I strongly suspect on most days you don’t make it out of your basement.

    If you believe suburban NJ gives you all the benefits of the city I have no idea what your view of the city is. Which, at least, is consistent because I also find myself wondering what color the sky is in your world when reading your posts.

    Mommy book you into the Christmas Spectacular yet?

  31. leftwing says:

    34. One day you will actually learn how to stay on point.

    I did not say that some NJ towns weren’t nice.

    I was responding to your statement that you get all the benefits of the city living in NJ.

    Two totally separate and distinct ideas.

  32. chicagofinance says:

    Rags…how many jobs were lost because of the elimination of this institutionalized pick pocketing (thank you Chicago Booth)? Would Madoff ever have been caught if his trading business wasn’t flattened and he was given the impetus to inflate the size of his ponzi?

    https://www.sec.gov/news/testimony/052401tslu.htm

    Ragnar says:
    November 20, 2015 at 10:43 am
    I’m fairly confident that home “trading” has more in common with sports betting and ca$ino visits rather an actual job. And there’s an industry devoted to convincing people to rack up trading borrowing costs by giving them a false belief in their ability to add value through trading. I suspect the opportunities in semi-pro day trading were arbitraged away by the late 90s.

  33. Ragnar says:

    Re Princeton Protests.
    This is why I don’t mind that my daughter probably won’t be going to an Ivy League school. Imagine paying that much money to have an evil man like Cornell West teaching Philosophy to students, and then lead occupations of the school.

    I’ve been interviewing college students lately and reading their transcripts. When I look up the classes some of them have taken, I’m shocked at the brainwashing and propagandizing going on. Many of these liberal arts colleges are cesspools of tribal warfare.

  34. Marilyn says:

    #26 this was funny!!!

  35. Marilyn says:

    The only benefits I got out of the City was a cheaper 8 ball.

  36. The Great Pumpkin says:

    I totally realize why your wife left. You are not an easy person to get along with.

    leftwing says:
    November 20, 2015 at 10:59 am
    34. One day you will actually learn how to stay on point.

    I did not say that some NJ towns weren’t nice.

    I was responding to your statement that you get all the benefits of the city living in NJ.

    Two totally separate and distinct ideas.

  37. The Great Pumpkin says:

    40- You know it all, and when you are losing a debate/argument, you resort to attacking the character. Best move of your wife’s life was probably getting away from the daily punishment of being put down by you everyday. Her confidence is probably shattered, but hopefully she still has a shot at getting it back.

  38. Ragnar says:

    Somebody got some sand in his vag today.

  39. joyce says:

    leftwing,

    “Not looking to go down the slippery slope of detention camps in WW2 but you have to admit the contortions we go through to *not profile* are ridiculous.”

    Agreed.

    “There is a clearly identified group of people sworn to end your very existence and extinguish your ideals.”

    Right-ish. But, how do we go about it without sacrificing what this country allegedly stands for?

  40. D-FENS says:

    Does anyone really care if Princeton students erase Woodrow Wilson from history? He gave rise to a political view that’s done more damage to the United States than any other. It’s just the icing on the cake that he was a pro-segregation racist.

    For evidence, read pumpkin’s posts. Then imagine millions like him live in NJ and vote. Brainwashed zombies incapable of independent thought.

    http://www.heritage.org/research/reports/2012/07/woodrow-wilson

    The world is upside down.

  41. Ragnar says:

    Wilson is a real stinker. A big time progressive who now is being turned on by today’s progressives. Strange that for such a long time Cornell West was willing to take money from and work for Princeton for such a long time, then starts marching on it just after other people started marching on other campuses.

  42. D-FENS says:

    Translation: Wilson was a Progressive Democrat guys…he’s on our team…he wasn’t all bad right?

    http://news.yahoo.com/princeton-students-protest-presidents-office-change-194850789.html

    Princeton President Christopher Eisgruber told the students he agreed with them that Wilson was racist and that the university needs to acknowledge that, according to a video posted to YouTube. But a school spokesman said the president also told students it is important to weigh Wilson’s racism, and how bad it was, with the contributions he made to the nation.

  43. D-FENS says:

    Oh the irony…

  44. Xolepa says:

    Ragnar,
    My daughter and her friend just got back last night for college break. They matriculate together at a Nescac college (read, liberal). My daughter is quite conservative, politically. Well, anyway, I ask her friend at dinner what was the subject of her senior thesis. She answered Katlyn Jenner. Apparently, that girl is a Gender Studies major. When she said that, I almost spit out my meal. My daughter told me privately not to talk about it until the girl left.

    How is that girl ever going to find a job in the real world?

    My guess is that she will work for her father. He is the ‘master’ of a private school in Florida.

    No privilige, indeed. She is a minority.

  45. Essex says:

    48. uh. cool story bro.

  46. leftwing says:

    Pumps, pumps, pumps….

    If only one could have a rationale debate or argument with you. It will be the board’s achievement that one day it will happen.

    Regarding my ex, I still secretly harbor the belief that you are her trolling me. If not, you two are separated at birth which – I agree – explains a lot about my marriage.

    If you are not one and the same you are the best match I have ever seen. She is up for grabs. She comes with a significant bank account from the settlement that I will sweeten by six figures if you take her, removing my monthly nut obligation LOL.

  47. joyce says:

    College student would be sole voter in CID sales tax decision
    http://www.columbiatribune.com/news/local/college-student-would-be-sole-voter-in-cid-sales-tax/article_6702c44b-0243-51f8-861c-1df0b462cd92.html

    A mistake by representatives of the Business Loop 70 Community Improvement District means a sales tax increase the district needs to thrive will require approval by a single University of Missouri student.

    On Feb. 28, Jen Henderson, 23, became the sole registered voter living within the community improvement district, or CID, meaning she is the only person who would vote on a half-cent sales tax increase for the district.

  48. The Great Pumpkin says:

    Sorry about attacking your character earlier, but sometimes you deserve it. Nothing personal, it just comes with the territory when you constantly insult someone’s intelligence.

    Yes, nj citizens get to live 1-20 miles from nyc. They get to enjoy all the culture of the city and at the same time live in a much less congested area that also happens to be much cheaper than nyc. So you get the best of both worlds, you get all the luxuries of life that the city brings to the table, but you don’t have to live in a “city” setting.

    My personal experience. I have woods behind my house. I see turkey, coyote, deer, etc. So I get to experience that part of life without having to give up much. I still have access to all types of services, restaurants, and stores. Imo, it doesn’t get any better than this for someone that wants the benefits of the city without actually living in the city. Also, throw in access to the shore or skiing, and won’t doesn’t north jersey have access to? You can do whatever you want, and buy whatever you want in north jersey. Not many places give you this many options at living life. It’s a great place to live. Expensive, yes, but you are competing with a lot of people that want to live in this area. It’s only natural that it will become expensive. Cheap= nobody wants. That’s why it’s cheap.

    “If you believe suburban NJ gives you all the benefits of the city I have no idea what your view of the city is. Which, at least, is consistent because I also find myself wondering what color the sky is in your world when reading your posts.”

  49. leftwing says:

    Chi, missing the reference in 36, but get the pitchforks and torches ready….

    I’m going to argue that decimilization opened the door to most of the market issues we have today from HFT to dark pools and even planted the seeds of the 2008 crisis.

    For what was an entirely non-material amount of money to the average trade/investor it literally gutted trading revenue across Wall Street trading desks. Firms looked to other areas to replace the revenue including HFTs and forming dark pools. And massive amounts of leverage and prop positions in an attempt to replace the lost revenue.

    As we discovered – no matter how much we hate to repeat the mantra ‘too big to fail’ – the major financial institutions are pillars in our society. An unholy combination of progressives and Randian free market purists combined for legislation that kicked the knees out from under these institutions and incentivized them into ever riskier areas (darn, there are those unintended consequences of legislation again). All so grandma could pay a 2 cent spread rather than a 6 cent spread per share, which savings is 0.1% or less of the total transaction value.

    I’m as much a free-marketer as the next guy, but not a purist. The ending of fixed commissions in the 70s, absolutely. The artificial cost was massive. 2 cents v 6 cents on a forty buck stock with systemic stability in the balance? Not so sure.

  50. Ragnar says:

    leftwing,
    There were no “Randian free market purists” in the halls of power in NYC or Washington over the past 30 years. There have been a few people paying lip service to free markets, while conniving at something different altogether.
    In any case, there’s nothing about the US banking system or its regulation that’s anything near a free market system.

  51. homeboken says:

    Pumpkin – you are a real piece of sh!t.

  52. Ragnar says:

    Actually I can think of one exception. There’s a guy I know a little who is/was a director in charge of risk control at Citi. Super smart, studied nuclear physics in school before getting into risk management. Slightly autistic as well, as can be imagined. He’s also a big donor to the Ayn Rand Institute, and the Chairman of the institute suggested the two of us should talk, since we’re both in finance. Back in July of 2007 we had a long chat at the Telluride philosophy conference. Things were looking shaky to me in the world economy, especially in some emerging markets, that I told him about. I also told him that I was quite worried about the real estate and mortgage situation in the US, and asked him how worried he was about capital adequacy and loss provisions, etc. at Citi.
    He answered me that Citi had learned its lessons from past mistakes and didn’t have any exposure to mortgages, and that if anything, regulators had forced Citi to be way more conservatively provisioned and capitalized than it should be, and he’d been arguing for less restrictive policies.

    I suspect this guy was too much into his math and historical data, and paying too little attention to reality and scenario analysis. I don’t think he was intentionally lying to me. It’s very possible the banks trading desks were lying in their reporting of their exposures. But I haven’t had a chat with him since then to ask him what went wrong.

    The moral of the story: even intelligent and honest people can be disastrously wrong.

  53. Ragnar says:

    Since JJ isn’t around, I submit this joke in his honor.

    Jared from Subway has won 15 years of free footlongs.

  54. Ragnar says:

    48, Xolepa
    Does your daughter feel like she’s in a hostile environment to learning? My big concern is that schools don’t even bother teaching the classic valuable stuff anymore mixed into their core curriculum. Once they strip out everything written by a dead white male, curriculum content goes way down.

  55. joyce says:

    leftwing,
    If awful legislation and regulations from 10, 30, 100 years ago created the situation we have today… we shouldn’t leave it in place for the sake of stability.

  56. The Great Pumpkin says:

    Am I? Who are you to judge? Guy calls me an idiot and insults my intelligence on a regular basis, I take one shot at him, and now I’m the piece of sh!t?

    homeboken says:
    November 20, 2015 at 3:01 pm
    Pumpkin – you are a real piece of sh!t.

  57. The Great Pumpkin says:

    60- Calling me an idiot because you can’t prove your position in a debate is for losers. If I’m such a fuc!ing idiot, why can’t you call me out in the debate on the issue, but instead you attack the character? Calling someone an idiot instead of proving them wrong seems like a move a true idiot would make. They resort to screaming, yelling, and attacking the character instead of the issue. If the argument is so illogical, then you should easily be able to prove it wrong as opposed to name calling.

  58. joyce says:

    Because the f-cking issue has been responded to, supported, and you choose to respond about something else like a f-cking idiot.

  59. relo says:

    Punky,

    Have you ever lived anywhere else?

  60. A Home Buyer says:

    61 – Troll,

    Still waiting for that analysis on Pensions and not just verbal diarrhea saying how abhorrent the system is and why its fair / not fair.

    Or for that matter, any financial / mathematical analysis on anything that has ever been discussed on this board.

    (Note… copy and pasting a bunch of articles and trying to claim the answer is in there doesn’t count. Not that you have even tried that yet since you normally just ignore the comment… but just in case.)

  61. leftwing says:

    Joyce, reverse the thought.

    The legislation was in 2000, which created immaterial savings for the average investor but banged the financial institutions pretty hard.

    While my free market side generally agrees – go as efficient as possible and let the chips fall where they may – in some instances you don’t need to go there.

    Kind of analogize it to NASCAR. You could argue to let engine output go as far as the technology would take it but they have limits on engine output. At some point the diminishing return is just not worth the additional risk.

  62. WAG says:

    Grim, please shoot me an email.. News to forward on former blog star…

  63. leftwing says:

    Rags 57 nice. Sent it around and already got some roflmao.

  64. joyce says:

    65
    LW

    Plenty of horrible laws written prior to 2000 which impacted heavily the maturation of the financial industry as we know it today.

  65. Ragnar says:

    I don’t know why there’s so much disagreement today. Most of us can agree that pumps is both a turd and an idiot, that his opinions are not to be taken seriously. And none of us ever read his lengthy copy/paste dumps of some clown’s opinion that supposedly prove some point he wants made.

  66. leftwing says:

    It’s my bad guys.

    I swore off engaging him, even pulled others back from that precipice occasionally. I’ll really try to give it up going forward.

    Pumps, no harm no foul. Good luck in your endeavours.

    Wifey still up to highest bidder. Only slightly used.

  67. chicagofinance says:

    I understand what you are saying…..but a counterfactual argument isn’t really going to hold a lot of water; a lot of that shite would have happened anyway……that said, I am pretty agnostic on the subject……..

    leftwing says:
    November 20, 2015 at 2:38 pm
    Chi, missing the reference in 36, but get the pitchforks and torches ready….

    I’m going to argue that decimilization opened the door to most of the market issues we have today from HFT to dark pools and even planted the seeds of the 2008 crisis.

    For what was an entirely non-material amount of money to the average trade/investor it literally gutted trading revenue across Wall Street trading desks. Firms looked to other areas to replace the revenue including HFTs and forming dark pools. And massive amounts of leverage and prop positions in an attempt to replace the lost revenue.

    As we discovered – no matter how much we hate to repeat the mantra ‘too big to fail’ – the major financial institutions are pillars in our society. An unholy combination of progressives and Randian free market purists combined for legislation that kicked the knees out from under these institutions and incentivized them into ever riskier areas (darn, there are those unintended consequences of legislation again). All so grandma could pay a 2 cent spread rather than a 6 cent spread per share, which savings is 0.1% or less of the total transaction value.

    I’m as much a free-marketer as the next guy, but not a purist. The ending of fixed commissions in the 70s, absolutely. The artificial cost was massive. 2 cents v 6 cents on a forty buck stock with systemic stability in the balance? Not so sure.

  68. Ben says:

    The president of Princeton should be fired for even entertaining these people. He should be embarrassed to even be part of this conversation. If you watch the video, you see the kind of intelligence we are dealing with.

    https://www.youtube.com/watch?v=bIeR8EuqBfc

    Personally, I can’t believe my best students have gotten rejected from Princeton after watching a few of these people speak fragments.

  69. Splat Mofo says:

    Rags (37)-

    My dad went to Princeton. Was friends with Paul Robeson (who was openly, aggressively soci@list) & several other of the very few blacks in attendance then. Always told me the attitude toward them was pretty decent, given the overriding racial sentiment of the 1940s. When my dad went back to Memphis, he got kicked out of his club for having black friends.

    I see stories like yesterday’s, and I sorta feel glad he’s not around to have to endure the silliness.

  70. Splat Mofo says:

    Rags (45)-

    Peel the onion enough on any ‘progressive’, and you’ll discover a racist.

    Racism often follows elitism, a common failing of liberals.

  71. Splat Mofo says:

    Cornel West is an expert race hustler, slightly more evolved than Al Sharpton.

    Gotta figure his road into Princeton was greased with a big helping of white guilt.

  72. Splat Mofo says:

    Rags (58)-

    All the dead white male stuff has been stripped out at the high school level, so now we’re turning out gazillions of kolledge grads who have no idea hat they’ve missed.

  73. Splat Mofo says:

    …what they’ve missed.

  74. Splat Mofo says:

    Leftwing- hard not to feed the troll when he’s on an epic asshat run.

    However, the result of feeding a troll is 100% predictable.

  75. D-FENS says:

    72 – Ben

    She’s not wrong about Wilson. I wonder if she understands why.

  76. The Great Pumpkin says:

    Here’s the real problem: Republicans say that, if you cut taxes for the rich, they will hire more people and create more jobs. The only problem with that idea is that, kind of by definition, the rich ALREADY HAVE money, so if they were going to create more jobs, they could. On the other hand, if you give the poor, who, by definition, don’t have money, tax cuts, they will spend that money, creating demand, causing the rich to hire more people to fill the demand, making more money for themselves and more jobs for the poor. The reason you never hear about ‘trickle up’ economics is that the poor can’t afford to buy lobbyists.

  77. Ben says:

    My favorite quote from her is “this university owes me everything….this is mine”

  78. relo says:

    81;

    If the young lady knew of the legacy of Wilson, why did she choose to attend Princeton?

  79. nwnj3 says:

    Nothing warms the heart like seeing progressives at each other’s throat. Sadly for them they setting racial progress back are with all of these meaningless grievances.

    History whitewashed all of Wilson’s prejudices, no one celebrates that. He’s remembered as a liberal and failed statesman(rings a bell).

    These losers would be better of accepting the past and trying to solve the future. \

  80. homeboken says:

    nwnj3 says:
    November 21, 2015 at 12:32 pm
    These losers would be better of accepting the past and trying to solve the future.

    This is correct, but the MO of the loser is to find the easiest path. Actually solving the problems of the future is very difficult and requires a lot of work, common sacrifice and intelligence. Blaming the past is simple as there is no one there to debate the counterpoint. Blame is the most effective tool of the loser.

  81. leftwing says:

    So, wasn’t tired late last night and I pulled up a movie I saw shortly after release a long time ago.

    Can not believe I’ve been here for years and did not make the connection.

    “This is what happens…when you’re not…economically viable”

    “Hey, you forgot the briefcase!”

    “And now you’re going to die, wearing that stupid hat. How does it feel?”

    “I’m the bad guy?!”

    D-FENS, classic.

  82. Ben says:

    If the young lady knew of the legacy of Wilson, why did she choose to attend Princeton?

    She learned about it 6 days ago and tried to present it as her being forced into an environment of years of racial prejudice and discrimination against her. The worst part is, she probably thinks she earned her way into the school in the first place.

  83. Juice Box says:

    re # 83 – “History whitewashed all of Wilson’s prejudices”

    How about Lincoln too? He believed repatriation was preferable to emancipation.

    http://www.abraham-lincoln-history.org/colonization/

  84. Essex says:

    56. what’s your excuse then?

  85. relo says:

    86:

    Yeah, understood. I was being facetious.

  86. Ragnar says:

    My favorite part of the video was the synchronized snapping of the fingers from the band of the oppressed race “upon whose backs” Princeton was built, to the statement that they have been subjected to “genocide” ever since.

  87. D-FENS says:

    I am just trying to get home.

    Make way.

  88. D-FENS says:

    Liberia… It’s where your car goes when you’re carjacked in Essex county.

    Juice Box says:
    November 21, 2015 at 4:29 pm
    re # 83 – “History whitewashed all of Wilson’s prejudices”

    How about Lincoln too? He believed repatriation was preferable to emancipation.

    http://www.abraham-lincoln-history.org/colonization/

  89. The Original NJ ExPat says:

    [73] Clot – Your dad would have been class of ’45, right? I think he might have been around for the discussion, but a few years early for the actual admission of black students, at Princeton in the mid and late ’40s. Also, Paul Robeson Sr. graduated Rutgers ’19 and Paul Robeson Jr. graduated Cornell ’49. I did find a great transcript specifically focused on 1940’s Princeton and admission for black students, explicitly naming the first several. I thought you would find it interesting that Princeton was described thusly: “Princeton University was a Southern school with strong Southern social preferences. It just happened to be above the Mason-Dixon Line. “

    http://www.princeton.edu/paw/web_exclusives/plus/plus_071608rivers.html

    Rags (37)-

    My dad went to Princeton. Was friends with Paul Robeson (who was openly, aggressively soci@list) & several other of the very few blacks in attendance then. Always told me the attitude toward them was pretty decent, given the overriding racial sentiment of the 1940s. When my dad went back to Memphis, he got kicked out of his club for having black friends.

    I see stories like yesterday’s, and I sorta feel glad he’s not around to have to endure the silliness.

  90. D-FENS says:

    leftwimg,

    If you watch that movie again, realize it was filmed in Los Angeles when the Rodney King trial was underway. In an interview, Michael Douglas said that the verdict was announced at the end of filming, and he could see the smoke from the riot fires from the airplane as he left.

    The movie captures the pre riot tension in LA County…

    “2001, on wrapping “Falling Down” the same day the Rodney King riots began) You know, as we finished that film the riots were going on in L.A. I’ll never forget the last day of shooting – that’s literally when it all started. We were working in the Valley and, when we finished, I headed to the airport. It was a war zone. You could see dots of fires all over the place, all heading for the west side of town. I got my family on a plane – I didn’t even know where it was going.”

  91. The Original NJ ExPat says:

    [73&93] Clot – Found a second source with a different date. Maybe your father knew the first 4 Navy students who, according to this source, arrived in 1942, not 1945 as Dr. Rivers recalled in the previous link.

    The pressures of World War II brought many changes to Princeton’s traditions, including racial makeup of the student body. When the Navy opened a Training School at Princeton on October 5, 1942, four black students entered the University through the United States Navy’s V-12 program, with the first three earning undergraduate degrees.

    https://blogs.princeton.edu/mudd/2015/05/african-americans-and-princeton-university/

  92. leftwing says:

    Douglas absolutely nailed that part, right mix of hero/antihero. Surprised it wasn’t more of a box office hit.

    Re: 91, when you get there send a map. I’m still looking lol.

  93. nwnj3 says:

    How many of those ignoramuses at Princeton would be surprised to learn that they also vote every opportunity for the party of slavery, the klan and segregation? They should be protesting their own party, which has done everything in it’s power to keep them under the thumb.

    Speaking of which, I don’t think any of us will be surprised if some of these “spontaneous” protests are eventually linked back to the party. I’m sure there is a already an effort underway to keep that block of votes mobilized for next year.

Comments are closed.