See ya!

From the NY Post:

As revenue drops, concern about the proposed state budget rises

Gov. Andrew M. Cuomo on Monday announced a dramatic drop in state income tax revenue of $2.8 billion, which he says will prompt him to revise his 2019-20 budget and reconsider spending on schools, health care and repairs to roads and bridges.

Cuomo, a Democrat, blamed the shortfall on a federal tax plan backed by Republican President Donald Trump. Cuomo said the law’s cap on deductions for state and local taxes at $10,000 was to blame and suggested it is, anecdotally, triggering high-earners to leave New York. 

“At this point there is no doubt that the budget we put forward is not supported by the revenues,” Cuomo said at a State Capitol news conference. “It’s as serious as a heart attack.”

Cuomo said he’s not certain what areas might need to be cut, but said the biggest spending areas now are education, health care, infrastructure and another phase-in of a previously approved middle-class tax cut.

The hole in revenues in December, which some analysts have called a December surprise, and continued poor performance in January have created a $2.3 billion drop in anticipated revenues, according to the Cuomo administration. Add that to the $500 million drop in revenues for December that the Cuomo administration had previously projected and the revenue hole is $2.8 billion, according to Cuomo Budget Director Robert Mujica.

This entry was posted in Demographics, Economics, New Jersey Real Estate, NYC. Bookmark the permalink.

159 Responses to See ya!

  1. grim says:

    From NJ1015:

    Murphy close to signing new tax on rain

    Every time it rains, it could be raining pennies from property owners if Gov. Phil Murphy signs legislation that could end up taxing stormwater runoff.

    The Assembly last week passed a bill that would allow for the creation of local or regional stormwater utilities. The utilities would have the power to collect fees from properties with large paved surfaces such as parking lots.

    The state Senate version of the bill passed in June. Both bills advanced along party lines, with most Democrats in favor. State Sens. Christopher “Kip” Bateman, R-Somerset, a sponsor of the bill, and Sam Thompson, R-Middlesex, were the only Republicans to support it.

    Republicans have derisively nicknamed the legislation a “rain tax.” That’s not to be confused with a possible “water tax” that state Sen. Bob Smith, D-Middlesex, has proposed in order to upgrade the state’s aging tap water infrastructure.

    Smith, who also championed the stormwater utility bill now on Murphy’s desk, last year called runoff from storms “the last frontier in water pollution.”

    Most states have stormwater utilities that collect and filter runoff from storms. In New Jersey, most of that water gets diverted into streams, rivers and bays — in the process, collecting pollution that contaminates the waterways. The Barnegat Bay, for example, has been damaged by runoff that contains lawn fertilizers.

    The New Jersey League of Conservation Voters supports creating these utilities, saying that it would also help reduce flooding caused by storms.

    Opponents of the legislation said it amounted to another burden on taxpayers. During his first term, Gov. Chris Christie vetoed a bill that would have allowed the creation of utilities to handle runoff headed to the Barnegat Bay. The utilities would have been allowed to tax developers.

  2. Phoenix says:

    Frist.

    BMI tax second.

  3. grim says:

    BMI tax would make sense.

  4. Bruiser says:

    I wouldn’t mind paying the tax, if I knew that it would actually go where it was supposed to go and fix what it was intended to fix. But just like the Gas Tax To Fix Our Roads immediately went to NJ Transit, this Rain Tax To Fix Our Stormwater And Sewage Treatment Plants will be nothing more than a rainmaker for political pet projects and end up in the pockets of connected lawyers and businessmen. Let the plant operators raise their rates instead.

  5. grim says:

    Was she smiling because it was funny? Or because it was uncomfortable? Like that kid in the maga hat.

    Seems it was appalling behavior then too.

    https://www.rogerebert.com/rogers-journal/dansons-racist-humor-appalls-crowd-at-roast

  6. The Original NJ ExPat says:

    grim – you’re behaving just like the media, jumping to conclusions first, fact-finding second. If Whoopi didn’t enjoy the act, she followed up by lying about how much she liked it.

    https://www.nytimes.com/1993/10/14/garden/after-the-roast-fire-and-smoke.html

  7. Fast Eddie says:

    I thought of a BMI tax immediately as well. Walk through a mall and witness the waddling mass of dough bags screaming to be levied.

  8. dentss dunigan says:

    The drop in revenues was not caused by the tax cap to say otherwise is pure BS

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  10. Ottoman says:

    Was the kid in the MAGA hat also uncomfortable when he was trying to block women’s rights over their own bodies? Cuz that’s why he was there in the first place. His school sent him down there to menace baby incubators.

    Now about those braintrust discussions here yesterday about indoctrinating school children….

    grim says:
    February 5, 2019 at 7:49 am
    Was she smiling because it was funny? Or because it was uncomfortable? Like that kid in the maga hat.

    Seems it was appalling behavior then too.

  11. Ottoman says:

    You go to malls? Unsurprising. I hear that’s where Roy Moore got a lot of his “girlfriends” too. You right wingers, always thinking!

    Fast Eddie says:
    February 5, 2019 at 8:32 am
    I thought of a BMI tax immediately as well. Walk through a mall and witness the waddling mass of dough bags screaming to be levied.

  12. Ottoman says:

    Yes, presume you know the mindset of a black woman trying to make a career in a high profile space, who’d spent her entire life subject to racial oppression. Also, one person does not equal all or most. Unless you’re a racist.

    The Original NJ ExPat says:
    February 5, 2019 at 8:25 am
    grim – you’re behaving just like the media, jumping to conclusions first, fact-finding second. If Whoopi didn’t enjoy the act, she followed up by lying about how much she liked it.

  13. Fast Eddie says:

    See, the problem with social1sm is that eventually, you start running out of money supplied by the producers. And then the leeches and takers begin to get angry. I think the blue states are starting to see the effects.

  14. Ottoman says:

    In a country where black men are murdered for selling cigarettes or walking down the street or playing in a park or complying with the cops, losing your job because of blackface ain’t nothing. It’s not like he was beat up, doused with bleach and noosed or anything.

  15. Ottoman says:

    Dumber words were never written….

    “you start running out of money supplied by the producers”

  16. Fast Eddie says:

    You go to malls?

    Oh I forgot, you preach from an ivory tower like all progressives. Stay behind your keyboard, the real world is too frightening for you.

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  18. Ottoman says:

    Pop quiz, hotshot:

    1. AmeriKKKa was at its most “soc1ialist” between the New Deal and the mid 1970s. That’s when unions and regulations were at their strongest, income inequality was at its lowest, corporations at their least powerful, and the middle class at its most mobilely upward.

    Name a single major financial crisis that happened during that entire time:

    2. Cue the 1980s and Reagan and Thatcher’s trickle down bullish!t which George Bush famously called Voodoo Economics, and which dummies such as you still believe (because you can’t think for yourself.) We still live under this model—example: last year’s $1.5 Trillion tax cut for the 1% which created zero jobs but plenty of shareholder wealth.

    Name ALL the financial crises that have happened since the Reagan era (warning, you may need more than one page):

    Fast Eddie says:
    February 5, 2019 at 8:53 am
    You go to malls?

    Oh I forgot, you preach from an ivory tower like all progressives. Stay behind your keyboard, the real world is too frightening for you.

  19. Ottoman says:

    Speaking of Thatcher, I hear she became much more progressive after her death when her grave was turned into a gender neutral bathroom.

  20. Provocateur says:

    Ottoman wins today’s Che Guevara t-shirt prize.
    And a tube of vagisil to help you deal with the sand in your vag1na.
    All of which you can collect at NJRereport’s grand prize headquarters at 337 Cherry St, Camden NJ, between 10pm to 2am.

  21. Bruiser says:

    I thought the Leftist mantra was “America wasn’t great in the 1950’s and 1960’s you filthy rac1st hom0ph0be!”.

    Yes, let’s ignore the crushing 10 year Depression followed by a global war which killed millions of souls that preceded the 30 year quiet period, and was bookended by Johnson’s Great Society and social upheaval.

  22. The Great Pumpkin says:

    He makes a good argument in this post. Reagan took away the checks on capitalism, leading to less balance, and more extremes. No denying that.

    Ottoman says:
    February 5, 2019 at 9:33 am
    Pop quiz, hotshot:

  23. The Great Pumpkin says:

    No denying that income inequality has increased with the downfall of unions and lower taxes. No doubt about it.

  24. The Original NJ ExPat says:

    Sounds to me this week like women have rights to kill any babies that come out of their bodies too. There should be a limit though. Life doesn’t begin until the mother purchases diapers?

    Was the kid in the MAGA hat also uncomfortable when he was trying to block women’s rights over their own bodies? Cuz that’s why he was there in the first place. His school sent him down there to menace baby incubators.

  25. The Great Pumpkin says:

    “11) Economics is a science.

    Economics is often thought of as a science when the reality is that most of economics is just politics masquerading as operational facts. Keynesians will tell you that the government needs to spend more to generate better outcomes. Monetarists will tell you the Fed needs to execute a more independent and laissez-fairre policy approach through its various policies. Austrians will tell you that the government is bad and needs to be eliminated or reduced. All of these “schools” derive many of their understandings by constructing a political perspective and then adhering a world view around these biased perspectives. This leads to a huge amount of misconception which has led to the reason why I am even writing a post like this in the first place. Economics is indeed the dismal science. Dismal mainly because it’s dominated by policy analysts who are pitching political views as operational realities. It is, at best, a social science, but nothing resembling a hard science.”

    https://www.pragcap.com/biggest-myths-in-economics/

  26. The Original NJ ExPat says:

    Uhhh….Whoopi was already an academy award winner and she wrote the jokes. I don’t think there is anything that angers footstool as much as facts.

    Yes, presume you know the mindset of a black woman trying to make a career in a high profile space, who’d spent her entire life subject to racial oppression.

  27. The Original NJ ExPat says:

    In a country where black men are murdered for selling cigarettes succumb to their obesity-related health issues while resisting arrest for blatant illegal activity…

  28. The Original NJ ExPat says:

    Nuts.

    In a country where black men are murdered for selling cigarettes succumb to their obesity-related health issues while resisting arrest for blatant illegal activity…

  29. 30 year realtor says:

    Ex Pat, Do you admit that racism is alive and well in the U.S.? Let’s forget about your specific view of individual circumstances and their details. Just answer the big question.

  30. 30 year realtor says:

    Recently attended an interview with Jeh Johnson regarding antisemitism. The discussion turned to hate crime in general. The statistics about the rise of hate crimes show an incredible increase over recent years.

  31. nomad says:

    30 yr, re: Hate what were a few of his key comments and was there any feeling that it is going to get worse, same or subside and what will cause the change? Thank you.

  32. Bruiser says:

    Identity politics are the root of the rise in hate crimes. After decades of pushing to get society to look at people as individuals, now you have the Leftists separating everyone by r4ce, s3x, color, rel1gi0n, who is doing who or what in the bedroom, etc and pitting them against the evil whyte people. Gee, I wonder how that could end badly for everyone…

  33. 30 year realtor says:

    Bruiser, identity politics is nothing new. The term may be more recent but people voting according to what most benefits their specific group is nothing new.

    White people coming to terms with their history of mistreating minorities is rather new and many are unwilling to recognize it.

  34. 30 year realtor says:

    Johnson said there is no reason to believe the hate crime rate will go down in the near term. He was very careful not to blame specific politicians but it was impossible to hide that the fish is dying from the head down. He stressed speaking out against hate and reporting incidents.

  35. leftwing says:

    Wow, a couple of the inmates running loose around the asylum today…

    I response to one of our sane posters, yes 30yr, I believe every -ism and -phobia exists somewhere in this country. My issue is the weaponization of these legitimate issues by the Left for blatant political purposes.

    The fact that a disproportionate number of black men are incarcerated is not racism, it is overwhelmingly a function of the broken homes and criminal environment from which they come.

    The fact that black men are shot while not complying with police is not racism, it is overwhelmingly a function of not being taught that it is a good idea to comply when an officer of the State legally empowered to kill you gives you a lawful command while leveling his weapon at you.

    The fact that one cannot look down at their junk and discern their gender does not make detractors of empowering such person to teach his confusion to children LGBTQ-phobic, it simply means I wish you well in your discovery but I don’t believe it is age appropriate for my child.

    Etc.

    Etc.

    Legitimate concerns over issues like racism have become a total parody and satire given the Left’s extreme approach. It is a shame. Assuming the Left is actually trying to fix these issues (I’m not convinced they actually are) their extremism has lost the support of the population they need for change and even turned that population hostile to their causes.

  36. D-FENS says:

    Northam wasn’t the guy in blackface. He was the guy in the hood.

  37. Fast Eddie says:

    leftwing nails it again.

  38. AP says:

    So many of these arguments are probably wrong. Take the one above about incarceration of black men, where even a cursory look at the history of the drug war will prove you wrong. How many Wall Street yuppies got arrested for using, and yes, selling coke in the 80s? What percentage of my arrests affect what portion of the population vs. use. The arguments are tired, shortsighted and ultimately wrong. Criminality is not the Monopoly of any group or ethnicity, but criminal justice policy strangely affects groups unequally. I wonder why.

  39. chicagofinance says:

    Thanks for the recommendation for Barrow House.

    Any similar advice for Bedminster area? No fish; no Asian/south Asian; no Mex/Tapas Business casual type.

  40. AP says:

    Gotta love autocorrect.

  41. chicagofinance says:

    Please explain “why”

    AP says:
    February 5, 2019 at 1:15 pm
    but criminal justice policy strangely affects groups unequally. I wonder why.

  42. Yo! says:

    Hoboken housing comps for January 2019:

    2010 $570,000
    2019 $849,000

    2004 $318,000
    2006 $370,000
    2014 $362,500
    2019 $449,000

    2014 $710,788
    2019 $789,000

    2014 $375,000
    2019 $439,000

    2007 $745,000
    2013 $833,000
    2019 $925,000

    2014 $481,000
    2018 $668,000
    2019 $675,000

    2004 $335,000
    2019 $610,000

    2003 $295,000
    2011 $384,000
    2019 $550,000

    2012 $610,000
    2019 $670,000

    2008 $599,990
    2019 $765,000

    2009 $543,990
    2019 $715,000

  43. AP says:

    Listen, I’m not interested in pointing fingers, but on finding actual, working solutions to these problems. These old, tribal saws are not making the problem better, is all

  44. ExEssex says:

    The more the republicans spout nonsense the less inclined I am to believe they aren’t dumber than dogshit…..

  45. leftwing says:

    “Criminality is not the Monopoly of any group or ethnicity, but criminal justice policy strangely affects groups unequally. I wonder why.”

    I suggest looking at the R-squared of socio-economic factors with incarceration. Regardless of race.

    Yes, I agree there are fewer 80s Wall Street yuppie types busted for drugs as a percent of that total population. I suspect that number would be similar for minorities of a similar socio-economic background as well.

    Try to understand this……YOU are the one making it about race, not me. For me it has always been about social, economic, education, and other values, regardless of race.

  46. The Original NJ ExPat says:

    I think it affects the groups with the most criminals more. BTW, about 20% of federal inmates aren’t US citizens. I wonder why.

    https://www.bop.gov/about/statistics/statistics_inmate_citizenship.jsp

    AP says:
    February 5, 2019 at 1:15 pm
    but criminal justice policy strangely affects groups unequally. I wonder why.

  47. The Original NJ ExPat says:

    In the real world, no. In the minds of those with Trump Derangement Syndrome, it is the apocalypse and the end of days. After 2020, I’m sure significant MSNBC and CNN personalities will have to be institutionalized.

    Ex Pat, Do you admit that racism is alive and well in the U.S.? Let’s forget about your specific view of individual circumstances and their details. Just answer the big question.

  48. AP says:

    “overwhelmingly a function of the broken homes and criminal environment from which they come”

    Why is that though? And why is that question not explored in your argument? I wish to avoid reading anything into your argument that isn’t there, but there is to any objective observer, an implication being made, in the absence of such deeper questioning into the causes of such a state of affairs.

    Of course, socioeconomic status protects one, regardless of racial/ethnic group, from a damaging confrontation with the criminal justice system. It just happens to be that certain groups are better able to access these tools.

    Think about the fact that an honest, hard-working black man couldn’t get a job as a store attendant at a department store until the 1950s.

  49. leftwing says:

    “It just happens to be that certain groups are better able to access these tools.”

    “Think about the fact that an honest, hard-working black man couldn’t get a job as a store attendant at a department store until the 1950s.”

    Two separate points. Of course, there have been horrible instances of accepted institutional discrimination over the history of this nation as in your salesperson example. It was not limited to any one group (eg, “No Irish Need Apply”, mass incarceration of Asians during WW2). No one I know is denying that. But I thought we are talking about today, not the 1950s. I’m not here to defend those practices.

    Regarding access to ‘societal tools’, yes, of course it matters. But having come from a severely depressed socio-economic area – vast majority white – I can assure you from first person experience the inability to access those tools does not discriminate based on ethnicity.

  50. leftwing says:

    https://en.wikipedia.org/wiki/Hillbilly_Elegy

    Interesting read. It will rival anything in the South Bronx.

    From root causes through (inevitable) outcomes.

  51. The Great Pumpkin says:

    Agreed. No different than the right making a big deal out of “national debt” and a “border wall.” Pure politics at play. They don’t have any intention of fixing either but use it for political support.

    “Legitimate concerns over issues like racism have become a total parody and satire given the Left’s extreme approach. It is a shame. Assuming the Left is actually trying to fix these issues (I’m not convinced they actually are) their extremism has lost the support of the population they need for change and even turned that population hostile to their causes.”

  52. JCer says:

    AP, and now people of all races, creeds, and religions can do pretty much anything. If we want to go back in the 20’s the KKK was burning crosses on the lawns of Jews and Catholics. The English abused the Irish, then the Irish abused the Germans, the Germans abused the Italians, Italians abused Poles etc. The common thread is assimilation, people assimilated and the discrimination went way down.

    The biggest single thing holding back African Americans is a fundamentally broken culture, not discrimination. Victim culture prevails and values are out of whack. That’s not to say there isn’t discrimination but it is not the cause of the gap. One just needs to know some successful people from minority groups to see the difference is values.

    Also with regards to criminality, white collar drug crime was not on the street, was largely non-violent and was being perpetrated by people with the resources to protect themselves. It’s much easier to prosecute the poor and much easier to catch offenders on the street.

  53. joyce says:

    Also good advice to obey the many unlawful commands they give out on a daily basis… if they’re leveling their weapon at you because 1) best to survive the outcome, 2) they are not only empowered by the State to kill you… they will be protected after 99.999% of their fcuk ups.

    leftwing says:
    February 5, 2019 at 12:35 pm

    The fact that black men are shot while not complying with police is not racism, it is overwhelmingly a function of not being taught that it is a good idea to comply when an officer of the State legally empowered to kill you gives you a lawful command while leveling his weapon at you.

  54. GdBlsU45 says:

    With all due respect jeh Johnson sounds like a moron academic. “Report incidents”? To who? The crybaby censorship police.

    The way to combat hate speech is with facts and reason. The crybaby left has failed to acknowledge this.

    These academic types are the ones responsible for a lot of the leftist violence by sheltering people from offensive ideas in the first place. Bring it to the light of day and watch it wilt.

  55. AP says:

    Left-wing and JCer, with all due respect I have to disagree on the comparison to other groups who have been able to achieve greater uplift. I think it has much to do with the issue of “passing”. Jews and Irish had easier commerce into the middle-class. Blacks had to fight in the street and get arrested for basic human rights. Still do to some degree.

    “But I thought we are talking about today, not the 1950s. ”

    I chose this example because it’s not ancient history. Agreed one hundred percent things have improved greatly since those days, but the root causes of family precarity can certainly be traced within living memory to external causes. That’s not giving anyone a pass, but looking at the issue objectively in my view.

    I take great exception at characterizing any culture as “fundamentally broken”. One need only to look at the great achievements and contribution the black community has made to this nation against great resistance, it should be said. The cultural fabric of this country has been weaved by blacks in inordinate proportion to the population size. This is also true for Jews, by the way.

    No culture or group is morally better than any other. I don’t say this out of any “PC” principle, but by taking a look at the contributions and failures of each group through history.

    This is not to say that systemic disfunction doesn’t exist in the black community, but it also does in every other culture.

  56. Joe says:

    The wealthy are leaving the high tax blue states causing massive budget shortfalls.

    The liberals are pissed they can’t act like criminals stealing their money.

    Idiots like Pumkin said the wealthy aren’t mobile. Hahahahahahaha

  57. The Original NJ ExPat says:

    Some cultures seem superior at achieving high out-of-wedlock birth rates, but certainly not Koreans. Somehow Koreans seem to do well in this country too, despite all of the racism holding minorities. I wonder why.

    http://www.koreaherald.com/view.php?ud=20181001000871

    No culture or group is morally better than any other. I don’t say this out of any “PC” principle, but by taking a look at the contributions and failures of each group through history.

  58. 30 year realtor says:

    How did black people in the US come to suffer from so many social problems? White supremacy and institutional racism are real. The facts cannot be disputed. Today we are dealing with the impact of centuries of oppression on a group of people. Until you can admit this to yourself you are in denial.

  59. Bystander says:

    30 yr,

    You are a valuable member of this blog. You must know that you will never change mind of anyone here. Irish, Jews and Italians learned English and often changed their names. They assimilated quickly. You can’t unblack yourself. It is beyond ridiculous to even compare groups but it is the delusional conservative mind here. Everyone apparently starts at same “white” line….ahem.

  60. Blue Ribbon Teacher says:

    Can you unasian yourself?

  61. Bystander says:

    Yes, be an asian near a group of large group of blacks and suddenly whites will unasian you.

  62. JCer says:

    Bystander, I’ll tell you right now you can change your name and assimilate but even into the 1970s descrimination was alive and well against groups you consider “white”, that we’d hear about white priviledge. It was far more pronounced than what you’d see against an African American today. I don’t think anyone is going to dispute the massive amounts of racism that occurred in the recent past and that black people have a much more difficult time assimilating.

    I actually have quite a few black and Hispanic friends, they are all very accomplished and successful people. The distiction is values, they are people who value education, hard work, family, etc. The victim mentality pushed by liberals has been very damaging to minority groups, the opportunities are there today, it’s not the 50s, 60s, 70s, or even 80s. The other big thing I’ve noticed is the distain these people have for the “ghetto” type of people. Also in general these people identify less as their minority group choosing to associate with people of similar levels of success, education, etc. Proper English is another key thing, you’d never identify these people as minorities over the phone. Pretty much all the same traits as other immigrants who’ve assimilated. Yes it is harder for blacks to assimilate but it is entirely possible at least here.

    I firmly belive the bell curve of intelligence is roughly the same for all races and ethnicities. The difference I see is some cultures are more productive than others. All people are not equal, some cultures and value systems prioritize different things and are therefore more proficient at different things.

    As much as a Jew tries to pass to this day they’ll be identified almost as easily as a black, the same goes for Italians, Spaniards even Poles or Russians. Without knowing my name people identify my ethnicity immediately and I’m generations removed and a mutt. If anyone wants to discriminate against any part of my ancestry is pretty easy to see based on my appearance and the same goes for tons of other white folks in NNJ, just look around and see if most people in your neighborhood are of similar ethnic make up….

  63. chicagofinance says:

    I won’t get into my own story and friends, but suffice it to say that successful people in New Jersey and New York from minority backgrounds are well served ignoring history, and seizing the opportunity in front of them in whatever form it is offered. If anything, in the halls that I have walked, the people that played the race card were usually the ones that didn’t meet the standard, and chose to make excuses instead of spending time in self-reflection. It is a self-defeating mentality. Most colleagues and friends of such backgrounds were given treated well by “the system” if not overtly benefitting from it.

    30 year realtor says:
    February 5, 2019 at 5:24 pm
    How did black people in the US come to suffer from so many social problems? White supremacy and institutional racism are real. The facts cannot be disputed. Today we are dealing with the impact of centuries of oppression on a group of people. Until you can admit this to yourself you are in denial.

  64. Blue Ribbon Teacher says:

    One of my best friends that I grew up with in elementary school is black. Insanely talented and smart. He scored a 1510 on his SATs with a perfect verbal score. When he was in high school, he broke in over the weekend, vandalized it, and got expelled. As a result, he didn’t go to college right away. He found a job working for someone embezzling money and worked with him for like 10 years for cash under the table. He was busted for DWI and drugs. He was a heavy drug user for 10 years. At age 33, he enrolled at NJIT and finished a degree in Electrical Engineering while working full time at their research department. He’s now been working as an engineer and recently got married to a lovely woman from Egypt.

    At no point did he ever play the victim, race card, or blame anyone. He dug himself out of the hole he was in and is now working towards buying a house. He turned it around very quickly.

  65. The Great Pumpkin says:

    Let them leave, it lowers the cost for everyone else. Rich attract rich. Let them go drive up the prices in these other markets, making life easier for us while also helping increase our competitiveness.

    Like a little baby that needs their mom. I don’t need rich people to survive, and neither should you. Keep sucking them off like you owe them something….oh please don’t leave mr. rich man, how will we ever do without you. Don’t let the door hit you on the way out…

    “Idiots like Pumkin said the wealthy aren’t mobile. Hahahahahahaha”

  66. ExEssex says:

    As much as I like being Jewish I find many of my fellow Hebrews to be insufferable…especially the JAPs from places like Livingston. Anyway… I married a tall Scandinavian woman and she converted. Grandma was pleased. Daughter is gorgeous. Case closed.

  67. The Great Pumpkin says:

    Trump talks about the economic miracle taking place….yea, was on this call way back in 2012 buddy.

  68. The Great Pumpkin says:

    Voting for trump in 2020…USA!!

  69. ExEssex says:

    I’m with AOC cause that shit is tiiiight.

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  71. Yo! says:

    NJ revenues coming in below budget but media refuses to report, a change from Christie era.

  72. The Original NJ ExPat says:

    I think 30 year’s heart is in the right place, he is an accidental white supremacist. He is religiously intolerant of the thought that blacks can make it on their own. His gospel is that white men need to fix it for them. This is what it would be like to spend two hours with him (good therapy for everyone here, btw):

    https://www.youtube.com/watch?v=F-OeKV1JZGI

  73. Yo! says:

    https://www.state.nj.us/treasury/pdf/December2018revenuereport.pdf

    Revenues +2.1% versus +7.5% budget due to massive decline in income tax revenues. Media won’t report.

    Meanwhile, Florida’s big budget dilemma is what to do with it budget surplus.

  74. The Original NJ ExPat says:

    “67% of the Federal budget is transfer payments. The sky is dark with checks going back and forth” – George Will, today on Morning Joe.

  75. grim says:

    My sister’s DNA test came back as having a small portion of native american dna.

  76. Bystander says:

    She needs to end presidency tonto..oops pronto.

  77. No One says:

    Speaking of African Americans valuing accomplished role models- Look at how Clarence Thomas has been treated by people with political agendas. Basically for thinking that blacks are capable of achieving things on their own rather than buying into the collective helpless victimhood mentality.

  78. GdBlsU45 says:

    AOC is a loser. Added no value in a capitalist system except pouring drinks so she’s become an anointed thief and extortionist. Basically she’s someone who should be ridiculed and made an example of. Except there is a large contingent of losers who see her as a front man for their cause. It also says a lot about the community where she wa elected if they felt she is the most qualified person to Represent them. It’s no different than a lot of the countries where the people she is currently representing originated. Failed people, failed politics, failed governments, failed communities and failed societies. Now they want to spread their shlt here.

  79. 30 year realtor says:

    Ex Pat, I have offered no solutions. I choose my words carefully. I don’t believe I am wise enough to know the best solution and if there is one the solution is not short term. You like to put words in people’s mouths and try to show that you are smart. If you are so bright why do you deny history?

  80. GdBlsU45 says:

    AOC is also a liar and a fraud. She received every advantage possible in this economic system and simply wasn’t talented or driven enough to achieve a s prominent status. So she turned to a phony story about being the product of underprivileged communities and wanting to tear the whole thing down. She’s human garbage as far as I’m concerned.

  81. 30 year realtor says:

    I am a numbers guy. White majority is going to be a thing of the past in this country in the not too distant future. There is no changing or denying this. Try as you may to maintain power but it is futile. Get ready for the new order. Accept or deny but the facts don’t change.

  82. Fast Eddie says:

    Get ready for the new order.

    And what does that new order look like? Describe a day in the life of the new order?

  83. 30 year realtor says:

    Gdblsu45, why so full of hate and rage toward someone you know nothing of but her views on public policy? Perhaps you could just explain why you believe AOC’s views are wrong. What exactly did she do to anyone to be called human garbage? Unlike someone like Trump who has a long history of offensive behavior unrelated to policy issues.

  84. 30 year realtor says:

    Eddie, a day in the life would be that white people don’t get to decide how everything gets done. New voices are heard. It is a transition and it has already begun.

  85. The Original NJ ExPat says:

    30 year:

    1. Please point to historical facts that I have explicitly denied. Otherwise, guess what you are?

    2. An engineer like myself is extremely doubtful when a “numbers guy” fails to provide any numbers. Let me give you some talking points help. You should say something like other people who provide no numbers say, like, “I’m a macro guy.”

    You really should watch that long interview with Candace Owens. She provides fact, after fact, number, after number, from a first hand, low income, black perspective. Russell Brand, from his rich white guy perspective, just keeps coming back with, “But don’t you think,…” while advocating for massive redistribution of wealth as reparations. My guess is that you like to claim that, “White people coming to terms with their history of mistreating minorities is rather new and many are unwilling to recognize it”, but your personal perspective glass is just filled so far to the tippy, tippy, top that you don’t need any more, especially straight out of the mouth of a black person who lived it. See if you have the balls to try this on for size and tell me what part of the conversation is irrelevant and not worth anyone’s time:

    https://www.youtube.com/watch?v=F-OeKV1JZGI

    If you are so bright why do you deny history?

    I am a numbers guy. White majority is going to be a thing of the past in this country in the not too distant future. There is no changing or denying this. Try as you may to maintain power but it is futile. Get ready for the new order. Accept or deny but the facts don’t change.

  86. The Great Pumpkin says:

    30 year,

    Will America remain great if that holds true? It’s not a racist question, but a serious question.

  87. Fast Eddie says:

    Will I be able to collect benefits and claim to be a victim in the new order? Or, does it mean that my accomplishments and hard work will be taxed so that the new order can advance their agendas?

  88. 30 year realtor says:

    Ex Pat, are you trying to say that centuries of systematic oppression did not leave an impact? That everyone born in this country has an equal chance and receives equal treatment?

    I have not discussed policy. I am discussing history and it’s impact on the present. You don’t seem to want to have that discussion.

  89. 30 year realtor says:

    Fast Eddie, you are coming at this entirely the wrong way. Why is it not possible that black and brown people want things that are good for this country too. It is mostly white people getting government assistance already.

    Got to get some work done. Hope you guys realize it isn’t all US against THEM in this life.

  90. The Original NJ ExPat says:

    30 year, to quote YOU, EXACTLY:

    “You like to put words in people’s mouths and try to show that you are smart.”

    Ironically, and humorously, you are the perfect example of the pot calling the kettle BLACK.

    Hahahahaahahahahahahahahahaahaa

    Ex Pat, are you trying to say that centuries of systematic oppression did not leave an impact? That everyone born in this country has an equal chance and receives equal treatment?

  91. 30 year realtor says:

    Pumpkin, you make as many or more blatantly prejudiced comments than anyone in this forum.

    Regarding greatness, what does race have to do with it?

  92. The Original NJ ExPat says:

    Q.E.D. (that’s white for dropping the mic)

  93. 30 year realtor says:

    Ex Pat, it was a question. It is up to you to answer. If I am wrong please explain. I didn’t post some video and say you subscribed to that type of thinking. Please restore my faith and show you are capable of understanding the difference.

  94. The Original NJ ExPat says:

    Neither did I. If you read my words you’ll find your below statement has no basis in fact and that you chose to put that on yourself. I only ascribed to you cowardice for not watching it.

    I didn’t post some video and say you subscribed to that type of thinking.

  95. The Original NJ ExPat says:

    And I also asserted that my belief is that your perspective is so fully formed that it is immune to alteration.

  96. grim says:

    ….are you trying to say that centuries of systematic oppression did not leave an impact? That everyone born in this country has an equal chance and receives equal treatment?

    Of course it did, but systematic oppression existed across far broader areas, it crossed gender, it crossed race, it crossed heritage and culture as well. It still exists all over the world, look at women’s rights across the Middle East. There are tons of liberal idiots that defend it as being OK, because otherwise we’d deny culture, which is nonsense. It’s no different from defending slavery because it was common. Was a white Asian in America in the 1800s or early 1900s considered equal? What about a white Eastern European Jewish woman? Equal? Not?

    My family wasn’t in this country, we took no part in systematic oppression, because my family was too busy being systematically oppressed by a communist puppet regime in Poland.

  97. The Original NJ ExPat says:

    I take this back. I did say exactly that in the first posting of the video.

    Neither did I. If you read my words you’ll find your below statement has no basis in fact and that you chose to put that on yourself. I only ascribed to you cowardice for not watching it.

    I didn’t post some video and say you subscribed to that type of thinking.

  98. AP says:

    Whatever the answer is, it certainly isn’t “tax and spend”. The government (state and federal) running unimaginable debt threatens all our economic futures. Lack of investment in infrastructure does the same.

    While race is a dimension of the problems we face as a nation, it is by no means the only. There are now basically two economies. So many workers are becoming “obsolete”, hence family disfunction, drug addiction, suicide. Neither party has a complete answer to that reality.

    Individual merit, grit, values and determination are definitely critical at the micro level, unfortunately it also isn’t a complete answer at the macro level. I wish it was, but it isn’t. There are huge economic and technological forces that affect outcomes at a societal level. Both things can be true at the same time, surprisingly.

  99. Bruiser says:

    Fast Eddie, 9:15
    You won’t be able to claim oppressed and victim status right off the bat. This coming New World Order will make sure the former majority gets their own dose of systematic oppression, to show them how it feels. It isn’t about ending oppression and coming together, it’s about getting even with The Man. Check back in 400 years.

  100. The Great Pumpkin says:

    I’ll stand by my comments.

    If it’s racist to call out the facts, so be it. Not all cultures or races perform at the same level of efficiency. Just look at immigrants that come into this country, why is it that some move up the ladder quickly, while others are stuck in quicksand?

    Take it a step further, how is it that Asia and Europe have dominated this world? Every century has been dominated by cultures from these two continents. There has to be a reason for it. You can make all the excuses you want, but there is a reason South America is a sh!t show. They had all the help they could need, yet they still corrupted their societies. Africa too, they are beyond corrupt.

    Poland was beyond extorted by European countries, but why are they not in the same state as Venezuela or any country in Africa? Did the people of Poland just sit around feeling sorry for themselves using their productive time making excuses for their current state? No, they worked hard while sacrificing to get their country back on track after years of abuse by Germany and Russia.

    It is what it is, you can continue to make excuses for some, but understand that a lot of these cultures are their own worst enemy. They punish themselves all by their own hand. Look at what the majority of kids in Paterson do with their free education opportunity…..they piss it away and then blame white people for their current situation. Like the white people told them to f up this expensive opportunity…they just don’t value hard work and education as much as the successful cultures.

    Asians and whites value education, hard work, and sacrifice. Is it no wonder they rule this world? They don’t value excuses…..here lies the problem. Victim mentality is horrible and only holds you back.

    30 year realtor says:
    February 6, 2019 at 9:24 am
    Pumpkin, you make as many or more blatantly prejudiced comments than anyone in this forum.

    Regarding greatness, what does race have to do with it?

  101. Libturd...look me up in Costa Rica says:

    Chi:

    Pluckemin Inn. Not as good as Barrow House, but probably the best you’ll do out that way unless you are willing to drive up to Morristown.

    On race. I’m sure to some extent it still exists in this country, but that does not mean the country as a whole is racist, which is the big Dem mistake. We all know of some minority members who smartly took advantage of the many opportunities that exist. Likewise many of us are familiar with other minority members who suffer from the systemic failure of terrible leftist policies which discourage self-reliance. With that said, I know of no one who has made it a goal to hurt non-whites.

    I proudly can say that my children do not see race as a divider. A drive through the ghetto still results in a lot of questions and valuable lessons in response. It is only naturally humanistic to try to help the disparate and desperate situation one witnesses. Fortunately, I’ve often been in a position to help in this way through hiring. Honestly, you will not find a harder worker than a first generation college graduate. In such a case, you have a much better idea of what you are getting than when hiring some privileged sap from NYU.

    But Chi, probably a first gener himself, said it best in my opinion. The opportunity is there to turn the systemic issue around. Though it takes enormous chutzpah to ignore the ghetto majority, that due to jealousy, will try to knock a success seeker down every step of their way. THIS is where the problem is and why it is so hard to fix.

    I recall my great grandmother (escaped the pogroms in Russia at the turn of the 20th century) constantly correcting my English as a young child. Her daughter, my grandmother, valued school grades over everything and this has been passed down to my kids. Now there is no way to stop the proliferation of ebonics, hispanic communities where English is a second language and where schooling simply ain’t cool. But to claim watching one’s privilege and paying reparations as a solution is completely ass backwards.

  102. Fast Eddie says:

    Bruiser,

    Just as I expected. I have a feeling some of us aren’t going to go willingly into the hands of the new order.

  103. The Great Pumpkin says:

    Bingo! Exactly what I was trying to get across.

    “But Chi, probably a first gener himself, said it best in my opinion. The opportunity is there to turn the systemic issue around. Though it takes enormous chutzpah to ignore the ghetto majority, that due to jealousy, will try to knock a success seeker down every step of their way. THIS is where the problem is and why it is so hard to fix.

    I recall my great grandmother (escaped the pogroms in Russia at the turn of the 20th century) constantly correcting my English as a young child. Her daughter, my grandmother, valued school grades over everything and this has been passed down to my kids. Now there is no way to stop the proliferation of ebonics, hispanic communities where English is a second language and where schooling simply ain’t cool. But to claim watching one’s privilege and paying reparations as a solution is completely ass backwards.”

  104. 3b says:

    I am first generation immigrant parents. My Father was drafted for Korean War a few months after he got here. It was go or go home but good luck trying to come back! Both parents were born about 75 years after a horrific so called famine and they never forgot that. Food was never wasted in my family. My Mother contributed constantly to famine relief organizations in Africa it was ingrained in her. They came from a country that was brutalized for centuries and in fact almost wiped out at the end of the 17th century. Destruction of the native language and culture and on and on. My ancestors did not oppress and abuse anyone. So how can we and so many others with similar backgrounds be held accountable?

  105. Juice Box says:

    re: Success in America.

    We have all seen and heard the stories of success across all demographics in this country.

    However even with the nearly unlimited opportunity that is available here in this country for some people even if they could do something less than mediocre with their lives, something that would make them a “success” they simply don’t actually believe they can do it. They actually refuse to consider it. They have their own self-limiting belief, and that is enough to stop them from taking those critical first steps to success.

    Their self-worth was programmed by the people they believe have their best interests at heart. Those people they trust the most, and well those are really the people that let them down.

    I am not sure what our system of government can do to change that, but we will keep trying and spend trillions more to keep trying.

  106. The Great Pumpkin says:

    White privilege- in the minds of minorities- means white people are just handed jobs and opportunities. No work involved. Just given.

    White privilege- in the minds of whites- what privilege? You can work hard at getting a good education too, who is stopping you?

    Asians follow the same pathway, and like magic, it works for them too (even though indians are dark skinned and jokes made that they smell). So is it really white privilege if other minorities take the same path and become even more successful than whites? Can’t have it both ways….

    The most telling fact. When an african american or any other minority focus on hard work and education, they become successful. So how the hell is it a white privilege issue when the minorities that do the same things as successful whites end up with the same exact results? How do you explain Obama, or Corey Booker? Why didn’t the system hold them back, how did they get ahead of most whites? Rest my case.

  107. The Original NJ ExPat says:

    Just look to Liberia for historical precedent. Freed North American and Caribbean slaves were helped to colonize Liberia by those opposed to slavery. By a generation later the Americo-Liberian descendants had enslaved the indigenous blacks, forcing them to work the…wait for it…plantations, rubber tree plantations.

    Like many Americans and Europeans of the period, the Americo-Liberian held beliefs in the religious superiority of Protestant Christianity and the cultural power of European civilization over indigenous animism and culture.

    The Americo-Liberians created communities and social infrastructure closely based on what they knew – American society. They spoke English, and built churches and houses in styles resembling those they were familiar with in the southern United States. Although they never constituted more than five percent of the population of Liberia, they controlled key resources that allowed them to dominate the local native peoples: access to the ocean, modern technical skills, literacy and higher levels of education, and valuable relationships with many United States institutions, including the American government.

    Reflecting the system of racial segregation in the United States, the Americo-Liberians created a cultural and racial caste system with themselves at the top and indigenous Liberians at the bottom.

    https://en.wikipedia.org/wiki/History_of_Liberia#Americo-Liberian_and_indigenous_segregation,_1847-1940

    You won’t be able to claim oppressed and victim status right off the bat. This coming New World Order will make sure the former majority gets their own dose of systematic oppression, to show them how it feels. It isn’t about ending oppression and coming together, it’s about getting even with The Man. Check back in 400 years.

  108. D-FENS says:

    Pluckemin Inn used to be a dive bar I’d go to after work. Funny it’s the opposite of that now.

  109. No One says:

    Anyone notice that Pelosi seemed to be editing a large-print yearbook during the SOTU last night? Her sight so bad that she prints stuff out on 2 foot wide pages? Then she frequently tried to talk to Pence during the speech. Asking him what’s my name again?

  110. D-FENS says:

    The leftwing press will start picking off Dem 2020 candidates they don’t like. Looks like Warren is up…

    “Using an open records request during a general inquiry, for example, The Post obtained Warren’s registration card for the State Bar of Texas, providing a previously undisclosed example of Warren identifying as an “American Indian.””

    https://www.washingtonpost.com/politics/elizabeth-warren-apologizes-for-calling-herself-native-american/2019/02/05/1627df76-2962-11e9-984d-9b8fba003e81_story.html?utm_term=.ac08f3e14990

  111. D-FENS says:

    oh ffs…

    @AP
    Follow Follow @AP
    More
    BREAKING: Virginia’s Democratic attorney general, second in line to be governor, says he wore blackface at a college party in 1980, deepening state scandal.

    11:42 AM – 6 Feb 2019

  112. Libturd...look me up in Costa Rica says:

    Nice. Where did Phil Murphy grow up?

  113. 3b says:

    I thought the left loved Warren?

  114. D-FENS says:

    They love Kamala Harris more.

  115. D-FENS says:

    Harris is HRC 2.0. Any bad news comes out about her and they’ll bury it and protect her. Any of the other Dem 2020 candidates are fair game.

    If you see the (leftwing) press protecting Harris, you’ll know she’s already the 2020 primary winner.

  116. The Original NJ ExPat says:

    If Kamala Harris becomes both disabled and gay before the election, all the better.

  117. The Original NJ ExPat says:

    Willie Brown used to make her bark like a dog.t

  118. D-FENS says:

    Nobody cares about the Willie Brown thing. People like Willie Brown.

    He literally used to show up at events with his wife and his girlfriend.

    It’s like the worst kept secret.

  119. Libturd...look me up in Costa Rica says:

    Harris has no chance.

    Just my opinion.

    She lacks any kind of charisma.

  120. The Original NJ ExPat says:

    I think there are videos of her on all fours woofing.

  121. Blue Ribbon Teacher says:

    From the education perspective, I know a few teachers who dedicate their lives to improving children in the inner cities. Many of the time, they end up getting shunned by the kids themselves. The situation at home is usually so dire that it’s consistently a losing battle for the masses. You can’t say that the people in the system aren’t trying their hardest to fix this.

  122. grim says:

    Given the recent attacks on Shultz, I now seriously doubt Bloomberg would run for President.

    No way he’s going to step into those crosshairs.

    Too bad, he would have made a great democratic candidate, and he actually stood a chance at out-trumping Trump. I think Bloomberg would have made a good president.

  123. Bruiser says:

    D-FENS, 12:40 PM
    Such incredible hypocrisy. If any Republican Assembly Speaker was boning a junior Assemblywoman (30 years his junior) while handing her plum appointments and admittedly “juicing her political career” the #metoo brigade would call for an international strike.

  124. chicagofinance says:

    How much play is AOC getting in The House? It must be psycho…..

  125. The Original NJ ExPat says:

    During the entire SOTU speech it looked like somebody on Bernie’s staff bought his adult diapers one size too small.

  126. grim says:

    The most amazing thing about Kamala Harris is that she would be the first Indian American president. Would be huge for the desi population.

  127. chicagofinance says:

    Turd: the Plucky is too chi-chi for this purpose. Also, I know clot doesn’t approve, so it would cause agita for me.

  128. chicagofinance says:

    Is Trap Rock still any good? I haven’t been there in maybe 15 years…..

  129. The Great Pumpkin says:

    Can the Democrats just reinvent themselves and focus on what matters? I can’t wait till trump beats them again on common sense policies that BOTH PARTIES WANT.

    I just don’t understand why all the hate for trump, what exactly don’t you want? What is he saying that is so bad? He wants to fix health care, strengthen our economy, fix our infrastructure, and stop an illegal activity known as illegal immigration. What exactly is bad about this? Isn’t this what we all want? No one is against legal immigration, only illegal immigration that hurts almost everyone and enriches a few.

  130. The Great Pumpkin says:

    He also wants to fix the horrible trade deals that have been in place. How is this a bad thing? Wtf?! Instead, let’s worry about bs social movements for a bunch of crybabies that don’t want to work hard to make America better, instead are advocating for a bunch of handouts that go directly against the idea of working hard.

  131. Juice Box says:

    Pelosi Papers – “A spokesperson for the California Democrat confirmed it was a copy of Trump’s speech, according to the New York Times.”

  132. 1987 Condo says:

    I think Bloomberg will run in the Dem Primaries. I think the heat Schultz is taking is that he says he will run as an independent, thus in the views of some, “splitting” the Dem vote and avoiding the primary process.

  133. grim says:

    Starbucks is shitting in their lattes hoping that they don’t take the backlash from their customer base as a result of Schultz. It could very easily backfire against him/them, where millions of millennials decide not to support the Starbucks billionaires.

  134. chicagofinance says:

    WTF? Is she losing her hearing or in early stage dementia?

    Juice Box says:
    February 6, 2019 at 1:38 pm
    Pelosi Papers – “A spokesperson for the California Democrat confirmed it was a copy of Trump’s speech, according to the New York Times.”

  135. chicagofinance says:

    latest opinion piece from Shultz
    https://www.youtube.com/watch?v=kp9BJxFHDYI

    grim says:
    February 6, 2019 at 1:11 pm
    Given the recent attacks on Shultz, I now seriously doubt Bloomberg would run for President.

    No way he’s going to step into those crosshairs.

    Too bad, he would have made a great democratic candidate, and he actually stood a chance at out-trumping Trump. I think Bloomberg would have made a good president.

  136. Blue Ribbon Teacher says:


    Starbucks is shitting in their lattes hoping that they don’t take the backlash from their customer base as a result of Schultz. It could very easily backfire against him/them, where millions of millennials decide not to support the Starbucks billionaires.

    I don’t buy this for a second. These people worship those drinks. I have 3 or 4 that I stop in to do work while waiting to tutor. The foot traffic through them is insane.

  137. Juice Box says:

    memory lane – back when Occupy Wall St was at it’s height in 2011, a bunch of protestors walked into Starbucks around the corner and ordered their expensive drinks while they all complained about the man.

  138. Blue Ribbon Teacher says:

    And they usually have their macbooks and iphones out as well.

  139. Blue Ribbon Teacher says:

    Is Trap Rock still any good? I haven’t been there in maybe 15 years…..

    It’s ok. Just one in a sea of many these days though. I pass it everyday but haven’t stopped in a few years.

  140. Libturd...look me up in Costa Rica says:

    Never been Chi. When we used to play hockey down there. It was either “feeling good in the neighborhood” or Charlie Browns. Both admittedly terrible.

  141. Juice Box says:

    No worries folks investigation of Phil Murphy is over. New policies are to be put in place with “strong language”.

    Report by former AG clears Murphy, transition team on Alvarez hiring

    The report released Monday into who hired Al Alvarez, a former Murphy campaign staffer accused of sexually assaulting a campaign volunteer, found it is still not clear and remains a lingering question.

    https://njbiz.com/former-nj-ag-report-alvarez-hiring-clears-murphy-transition-team/

  142. Fast Eddie says:

    Juice,

    If traffic cones were somehow involved in the sexu@l assault, it would be headline news on CNN and MSNBC.

  143. Libturd, can't say I didn't warn you. says:

    It’s good to be the King.

  144. The Great Pumpkin says:

    15) American Living Standards are in Decline

    The main argument against a broad increase in living standards is the fact that real median household incomes have stagnated for much of the last 30 years. This is undeniable and not a good sign for living standards. People often argue that the government has “debased” our currency and caused a direct reduction in living standards because our dollars don’t purchase as many goods and services as they once did. It’s common to see charts showing the decline in the US Dollar’s purchasing power since 1913. But these arguments, while correct in nominal terms, are wrong in real terms. For instance, Americans have achieved much higher living standards in the last 100 years DESPITE the fact that everything is more expensive.

    As an example, just look at a simple act like washing clothes. A washing machine is obviously a huge increase in costs versus going to a river and scrubbing your clothing on a washboard. But the washboard cleaning could take you several hours a day and expends your effort as well while the washing machine, despite costing thousands of dollars more, is a wise investment because it affords you the ability to wash your clothes quickly while you are free to do other things. Technology has enhanced our lives in this manner in countless other ways despite the fact that the increased financing (money creation) in the process of these productive goods has increased the money supply. That is, our living standards have increased DESPITE the fact that the money supply has exploded because that money supply has produced goods and services that, in real terms, have made us significantly better off.

    More importantly, the quantity of money we make isn’t necessarily a sign of being better or worse off. Instead, we should look at what those dollars buy and whether they afford us a better use of our time. In other words, do our current incomes give us more freedom to buy the things we want rather than the things we need. By this measure it is irrefutable that American living standards have improved dramatically even during a period when median incomes have stagnated.

    A 2003 study from the BLS on American spending trends will help put this in some perspective. In the year 1900 80% of our expenditures went towards necessities (defined as housing, food and apparel by the BLS).³ Over the course of the next 115 years (I updated their study for the most recent data) we’ve seen that share of spending on necessities decline to just 48.9%. Therefore, even though incomes have stagnated for the median income earner that income affords them a higher living standard because it increasingly goes towards inessential spending.

    The obvious response to this is that Americans now spend even more on things like healthcare and education, however, this isn’t accurate either. The median household spends just 10% of their income on healthcare and education. Therefore, we spend less today on apparel, food, shelter, healthcare and education than we spent on apparel, food and shelter in the 1970s. In other words, we spend so much less on the real necessities that now we can afford to spend even more on taking better care of our health and improving our intelligence. That’s a pretty definitive increase in living standards even for the person whose income has stagnated. So, despite stagnant incomes and a surging money supply Americans are significantly better off than they previously were

    https://www.pragcap.com/biggest-myths-in-economics/

  145. The Original NJ ExPat says:

    Top-Earning Renters Are Growing Faster than Any Other Renter Income Bracket

    https://www.rentcafe.com/blog/rental-market/1-35-million-more-wealthy-renters-in-a-decade/

  146. The Great Pumpkin says:

    Yes, this will end well….

    “Between 2013 and 2017, the median rent price in Los Angeles increased by 23%, whereas the median sale price increased by 43% in the same five-year period. By contrast, as much as 54% of renters in L.A. earn less than $50,000. This goes to show that, despite astronomic rent prices in expensive urban centers, for most people, it’s still costlier to buy, regardless of income. The fact that overall home prices have been rising faster than rents remains one of the main factors that keeps even higher-earning families in rent for longer.

    The attitude toward renting at any income level is changing. With renters becoming the majority population in many U.S. cities, the spike in the national population of wealthy renter households could mean a change in attitude toward an American Dream that no longer belongs to this generation of renters.”

  147. No One says:

    Looking at this Elizabeth Warren asset tax on billionaires shows just how perverted the idea is. Most who fall under it are founders or family of companies that still own large stakes in their companies. What will they do if they have to pay an annual 3% tax on assets over $1bn? They will basically have to sell 3% of their stock every year and give it to the government. I think it’s extremely immoral to demand a business owner self-liquidate his or her property if it becomes very successful. It’s slow-motion expropriation. I can predict various ways they will try to get around it. Namely such people will seek shelters. Likely setting up “charitable foundations” which they and their families will control to own most of their company instead of them individually. Alternatively, they will give themselves special shares with high-power voting rights and sell stock without such high-power rights. Pushing such owners towards worse corporate governance frameworks. I can also picture the creation of all sorts of techniques to push down the valuations of businesses. Fewer companies would go public because it’s much easier to keep business valuations lower.

  148. The Great Pumpkin says:

    Yes, renting surely will remain cheaper in the long run. Owning is just for idiots, right? Just a sucker, right?

    Owning rentals might turn into the most lucrative investment (risk wise) based on this data. As the supply of renters increase, and the supply of homeowners go down (consolidates to a owners focused solely on profit from rent), you are telling me the future renters won’t be ripe for the taking? This is easy to see how bad they will get screwed over in the future as the landlord class continues to consolidate all the good real estate. The game of Monopoly up close and personal.

    Imagine how expensive real estate will become when the rental income they produce is driven up by this massive supply of renters……

  149. Libturd...look me up in Costa Rica says:

    I would buy up Baltic.

  150. Blue Ribbon Teacher says:

    lol, no one knows who hired him? This would take 5 minutes to figure out. A quick phone call or meeting and let the truth come out. If Murphy didn’t, he would have come out and publicly said it.

  151. Comrade Nom Deplume, whose sole regret is that he isn't Tom Brady says:

    Saw a report saying Schiano is taking the DC job with the Patriots

  152. Libturd...look me up in Costa Rica says:

    Might as well. There has been a constant pipeline between Rutgers defensive players and the Pats. Not surprised they would hire the old coach too.

  153. Bruiser says:

    Stephen Belichick played football and lacrosse at Rutgers. Bill Belichick knows what he’s getting in Schiano.

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