"Knowledge will forever govern ignorance

 and a people who mean to be their own governors

 must arm themselves with the power which knowledge gives."

Tuesday, January 08, 2008

What’s Wrong With New Jersey? 2008 Edition - Exhibit #2

New Jersey’s Economic Development Authority approved $11.5 million in corporate or personal income tax cuts for filmmakers and stars including Alec Baldwin, Bruce Willis and Anjelica Huston.

The saga of a recovering sex addict and a film about a serial-killer piano tuner are among 11 movies that were approved for tax breaks today to encourage filming in New Jersey.
Well, at least your hard-earned tax dollars went to struggling artists making quality entertainment, suitable for the entire family. The state’s action also has the side benefit of encouraging people who pay taxes to leave.

New Jersey had a net 2006-2007 internal migration loss of 69,160 people

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3 Comments:

At 7:16 AM, Anonymous ThomNJ said...

Never ceases to amaze me that local/state governments around the country think that this sort of thing actually increases employment in the State or region. There might be a tiny and temporary blip, but they are still not addressing the serious concerns that the average taxpayer or business owner has to deal with by being in New Jersey. Stadium deals are of this ilk.

 
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