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Hopefully things will work out as they always have. I'm not a believer of predictions. I'm pretty sure prices will continue to rise and we will continue to pay them as long as we can. If it gets too expensive people will move, like all the retired Long Islanders moved when their RE taxes were more than they could pay. But younger, richer people bought those houses. I've been retired here 11 years and generally paid $250 to $300 a year for NJ income tax. This year I paid zero on a combined income of just under $100K. So my taxes actually went down. RE tax rose less than $1k total over 11 years due to the homestead rebate. No one knows what will happen in 10 to 15 years, good or bad. The money always trickles uphill to the rich and powerful. It's a pyramid scheme and they are on top. Monmouth and Ocean counties, NJ is the only low cost solution I've seen for middle class people working in NYC, or retiring from NYC without leaving the area, to afford to live in a nice, quiet, peaceful neighborhood. Chances are it will continue to be that way.
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Originally Posted by AnesthesiaMD
But you realize the unsustainability of this, don't you? High earners are leaving the area. We are in an automated world, where businesses can be run remotely on computers. People are not stuck living in high tax areas anymore. This is not just conjecture. Democratic NY Governor Cuomo said it. He said it was a big problem for NY. He is not exactly a right wing politician trying to spread fear. Don’t you think this applies to NJ too? What do you do when the high tax payers are replaced by the low/no tax payers?
I don't see how it's a problem that some people are seeking to better themselves and their community by attending college. Would you prefer that these people stay poor and under-educated their entire lives? Or would you prefer that they get a chance to succeed and live up to their full potentials as tax-paying, upstanding individuals?
DACA recipients can remain in the US in a quasi-legal status. However, they are ineligible for tuition assistance in any way shape or form because a social security number is required to complete a FAFSA. DACA recipients do not get SSNs. Therefore, they will not be eligible for any financial aid.
By NJ giving undocumented immigrants financial aid, it opens the doors for these individuals to become better functioning members of society. Without access to higher education, many DACA recipients would not be able to attain anything higher than a high school level education. Those with only a high school education generally earn less money than those with a college degree. Therefore, allowing undocumented immigrants, especially those who are DACA recipients, to attend college, we are allowing them to better themselves and get a better education. That, in turn, will likely lead to them having a higher income. If they have a higher income, they can better support themselves, and they will not be dependent on social services like so many conservatives think all undocumented immigrants are.
I, for one, would rather invest in undocumented immigrants at a young age. Allow them to become better educated. Allow them to get better jobs. They will contribute to our society in other ways and be able to raise kids and support themselves without government involvement. Isn't that what you guys want from immigrants? Self-sustaining individuals who are not reliant on the government? This is just a small investment of around an average $5k per student that will allow them to contribute far more than $5k back into the government.
Or instead of giving it to illegal aliens, they could have given more aid to American kids in Camden or Newark who have been living their whole lives in New Jersey.
Many DACA recipients in Camden and Newark have been living there almost their entire lives as well. DACA recipients didn't waltz into the US as infants before they could walk. They didn't voluntarily choose to leave their family and friends behind when they were 5 years old. Their parents brought them here. Stop punishing the children for the choices of their parents. By denying those who receive the protections of DACA an education, you are not punishing them for their choices. You are punishing them for their parents' choices. You will further hold them back from becoming contributing members of society.
But you realize the unsustainability of this, don't you? High earners are leaving the area. We are in an automated world, where businesses can be run remotely on computers. People are not stuck living in high tax areas anymore. This is not just conjecture. Democratic NY Governor Cuomo said it. He said it was a big problem for NY. He is not exactly a right wing politician trying to spread fear. Don’t you think this applies to NJ too? What do you do when the high tax payers are replaced by the low/no tax payers?
No one is more negatively impacted by automation than poor, low-skilled workers. That’s why I support Andrew Yang’s proposal for UBI.
I’m still not convinced that there will be a mass exodus of wealthy people from NJ. I think poor people leave places they can’t afford for lower cost of living areas. Wealthy people just complain on city data about how much taxes they pay but ultimately stay put, because they can afford it and their relationships are here. But in the event that you’re right and all the high earners flee NJ for greener low-tax pastures, I suppose the rest of us will be taxed more but at least real estate prices will go down.
No one is more negatively impacted by automation than poor, low-skilled workers. That’s why I support Andrew Yang’s proposal for UBI.
I’m still not convinced that there will be a mass exodus of wealthy people from NJ. I think poor people leave places they can’t afford for lower cost of living areas. Wealthy people just complain on city data about how much taxes they pay but ultimately stay put, because they can afford it and their relationships are here. But in the event that you’re right and all the high earners flee NJ for greener low-tax pastures, I suppose the rest of us will be taxed more but at least real estate prices will go down.
I have no proof of it happening in NJ, other than a few high profile wealthy people leaving. But I think Governor Cuomo’s statement is enough proof that it is happening in New York. As I said, he is a liberal. There is no gain for him to say it if it wasn’t true. And if it is true in NY, why wouldn’t it be true in NJ as well. Our financial center is NYC.
Because he is talking about NY state, not NYC. NY state has had problems for decades. Decades ago I saw bargains on old houses in NY State, selling for less than 20% of a comparable home in Brooklyn or Staten Island. But the real estate taxes were comparable to similar houses in NYC, because there was no tax base left in those isolated towns all across the state. This is nothing new for NY state. It has no bearing on NJ. And it has nothing to do with illegal immigration.
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Originally Posted by AnesthesiaMD
I have no proof of it happening in NJ, other than a few high profile wealthy people leaving. But I think Governor Cuomo’s statement is enough proof that it is happening in New York. As I said, he is a liberal. There is no gain for him to say it if it wasn’t true. And if it is true in NY, why wouldn’t it be true in NJ as well. Our financial center is NYC.
ICE must be sleeping. Why do we reward people for breaking rules and laws? I worked, my wife worked almost 40 years and we put our legal kids through college by working double shifts. Disgrace that our tax money pays for this.
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