A simple way to develop more jobs in New Jersey

The worst part about politicians is that no matter what the problem is, or what the cure is, they most always maintain control over the situation.  Nothing makes this stand out more than the feeble solution that they are now trying to pass in Trenton to stimulate an economic recovery.

Governor Stupidhead and the boys are putting together a package of bills to help businesses by allowing them to extend carry-forward losses, giving out $3000 grants, and something known as the “throw-out rule”.  What a pile of crap!  These laws are more like “throw-up” instead of “throw-out.”  Now how about a different idea?

Before I outline a simple solution that will have businesses lining up to be in New Jersey, let’s answer one question, “Who pays taxes?”  Well, I will make it very simple for you; the only thing in the world that pays taxes are PEOPLE!  Nothing else pays taxes at all!  Now, I know some of you will be saying, “How about the corporate tax?”  Well, companies do not pay taxes, they collect them only!  Any corporate taxes paid are built into the price of the company’s product or service, then delivered to the government.  It is real simple and real devious, since most people do not realize the money is actually coming from their pockets.

Now, instead of all of this smoke and mirrors, how about a simple, effective method of encouraging businesses to locate and grow in New Jersey.  First off, immediately eliminate all corporate taxes in Abbott districts, which represent the poorest areas in the state.  The only monies which would be paid by the businesses would be taxes to the cities to cover essential services such as water, sewer, etc.  But nothing would be paid to the state in the form of taxes, nothing!  For the rest of the state, the corporate tax would be immediately cut in half.  Further, each year for the next five years, the corporate tax would be reduced by 20%, until in the fifth year, the corporate tax would be zero!  By taking this action, businesses would be lined up to return to the state.  Jobs would be created overnight, since we would be only the fourth state in the country to have no corporate taxes!  The others, South Dakota, Wyoming and Nevada.  Think about the major corporations that would set up shop here!  Further, they would bring a variety of jobs, since this would also make them more competitive in a world economy.

To insure that this plan would work, an amendment would be added to the state constitution to ban,forever, a corporate tax, or any other form of taxation on businesses. This would show to these corporations that we really want them to locate here and invest the necessary capital to create well paying jobs.

Now, one question remains, “where will we find the revenue to replace what we will lose by eliminating the corporate tax?”  Well, the first place will be by reducing the extremely bloated budget the state has.  If they can’t cut five (5) billion from it, then they are not using the proper tools.  With the introduction of newer jobs, with the resultant reduction of state benefits for the newly employed, their contribution of income and sales taxes with result in an increased revenue stream that had never been there.

Hey, why not give it a try?  Every other plan or idea has not worked, so it is about time for a real change!

To the all the idiots in Trenton, here is a different way to make New Jersey the great state it once was.  Instead of all of your smoke and mirror ideas, why not make real change?  And don’t forget, we are coming to take out the trash in 12 months, but in the meantime, “IT’S STILL TAXES, STUPID!”