ELDER PATRIOT – The Marxists in New Jersey are at it again. The Marxist/Democrat-led state legislature has sent Governor Chris Christie a bill raising the state’s minimum wage to $10.10 next year and further raising it to $15.00 per hour within five years.
“This is an integral part of our efforts to rebuild the middle class,” explained Assembly Speaker Vincent Prieto.
It’s not and only economic illiterates believe him. Unfortunately, despite New Jersey’s incredibly high per pupil spending on education, the state suffers from an abundance of those.
I have participated in enough closed-door meetings with many of these same Marxist/Democrats to know they couldn’t care less about helping anyone but them selves.
This is nothing more than a two-pronged political play to gain short-term electoral support while increasing the state’s tax revenues that will result from higher W-2 wages…for a while.
New Jersey businesses have been severely damaged by the state’s highest-in-the-nation combination of taxes. An already onerous regulatory environment has only added to the burdens of New Jersey business owners.
This explains why New Jersey has led the nation in outward migration by families in four of the past five years.
It explains why New Jersey businesses are being forced to choose between closing their doors and moving to more welcoming states.
It has also forced the state’s largest corporations to find ways to become more efficient. This in turn has led to consolidation and less competition among them.
By was of example, the NJ Monthly issue of August 11th, 2009 reported how this had impacted the state’s largest industry group, the pharmaceutical industry: “three major mergers—Merck and Schering-Plough; Pfizer and Wyeth; and Roche and Genentech—will greatly alter the face of Big Pharma in New Jersey. Collectively, these new combinations will likely cost the state three corporate headquarters and thousands of jobs.” Many big pharma corporations have opted to leave the state entirely.
And, it explains why those departing the state are among the state’s wealthiest individuals. From 2004 and 2008, at least $70 billion in wealth left New Jersey. That’s money that could’ve been used to fund New Jersey’s next generation of businesses. Instead, it’s been run out of town by the state’s progressive policies.
Now, New Jersey’s Marxist/Democrats want to drive the final nail into the coffin of New Jersey’s small to medium sized business community by raising the minimum wage. This will lead to additional business failures, greater unemployment, and further add to those dependent on already over-burdened state entitlement resources.
They care not, there’s an election to be won this November and they have succeeded in growing a voter base that’s more ignorant and envious of others than ever before.
This is as close to fulfilling the Cloward-Piven strategy as any state has in the union has come. First proposed in 1966 and named after Columbia University sociologists Richard Andrew Cloward and Frances Fox Piven, the Cloward-Piven Strategy seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.
Governor Christie, must veto this bill. He is nearing the end of his second term and is not burdened by the political considerations that come with a re-election battle. It’s time to put politics aside and do what’s right for the people of New Jersey.
If he doesn’t there should be no place in Trump’s administration for him.