NJs wealth inequality continues to get worse. Why should we be surprised when our governor is a banker?

Submitted by imchasingentropy t3_127ik70 in newjersey

First, some articles:

https://www.northjersey.com/story/news/columnists/mike-kelly/2021/06/04/new-jersey-wealth-racial-income-gap-united-states/7503387002/

https://www.njisj.org/new_institute_report_proposes_ways_to_close_the_300_000_racial_wealth_gap_in_new_jersey

https://itep.org/new-jersey-news-record-poorest-nj-families-have-greater-tax-burden-than-wealthy/

Our state continues to be one of leaders in wealth inequality in the country. Amazingly, Murphy setting up a task force to ask why has done nothing to slow the problem down. New Jersey's poor still are burdened with most of the taxes in this state, and why should we be surprised? Our governor was a former Goldman Sachs lifer, who used his connections to get into politics.

Honestly, can anyone name a single thing that Murphy has done to slow down big business? We have a rental/mortgage crisis in the state he doesn't address. He doesn't address the growing problem of warehouses taking all developable space. He held guide the marijuana legalization into a market that only rich people can enter.

It's sad that people think Murphy is the opposite to Drsantis, when they are both clearly after the same end goal: expansion of the wealthy class and lip service to voters. It's just the lips have different flavors of lip gloss on.

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mniog t1_jeea8pp wrote

He’s also doing nothing to prevent Liberty State Park expansion into a billionaire’s golf course…

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SeparateAddress9070 t1_jeee0br wrote

I don't see how anything Murphy has done would be exacerbating inequality? In fact he's done quite the opposite. Yes it's a major problem, and yes he's still a corporate liberal and not someone on the left, but what do you propose? A conservative? Who will lower the taxes of the wealthy and cancel benefits that help the underserved?

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crimshaw83 t1_jeeeqr3 wrote

To compare him to DeSantis is utterly insane and let's me know not to take you seriously

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imchasingentropy OP t1_jeefjsl wrote

Replying to SeparateAddress9070 (#2,525,923)

As mentioned in another comment, he supported the plan to develop Liberty State Park, which is certainly not good for lower income people. As I mentioned, he supported a recreational marijuana program that only allows big business in.

And I don't think voting for a Republican will do anything either. Both parties are bought and sold by big business, running us quicker and quicker into systemic collapse. This is more just a vent, until our country gets off this stupid two party system that are both the same party, we'll continue downward until we only have wealthy and broke.

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TheRacoonist t1_jeegeln wrote

You're ranting nonsense about Gov Murphy and using a thumbnail pic of Sen Booker?

Get your shit straight

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imchasingentropy OP t1_jeeh80h wrote

Replying to crimshaw83 (#2,526,168)

If you think Desantis is insane, you're kidding yourself. He's essentially the Tucker Carlson of actual politics. He understands what his base wants and uses it, but is completely different behind closed doors. He might be a manipulative asshole, but he's far from crazy.

Murphy is the exact same liar. He calls himself a progressive and capitalist in the same sentence, while quietly letting huge tax breaks go back into effect:

https://newjerseymonitor.com/2023/03/02/plan-to-let-tax-on-businesses-expire-draws-progressive-ire/#:~:text=Phil%20Murphy%20unveiled%20Tuesday%20would,year%20that%20begins%20July%201.

I'm even conflicted as to who is more dangerous...or maybe it's pointless to compare the danger between a wolf and a lion. Desantis clearly has a war on the marginalized, but Murphy is part of the ultra-wealthy that has been fighting a war against the middle class for decades. Both have increased misery in the country by untold amounts.

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lost_in_life_34 t1_jeeifni wrote

the wealthy pay much higher taxes in the form of property taxes. some houses around me that wealthy people rebuilt are paying close to $50,000 in taxes a year

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this is the same taxes creep i've seen in NY. same with MTA funding. they add new taxes and raise more and it's always the wealthy who never seem to pay enough and pay the most. or the MTA needs taxes from the rich or it will shut down and the taxes and fees keep increasing and the MTA is always in trouble with their big projects that are boondoggles

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crimshaw83 t1_jeej603 wrote

Replying to imchasingentropy (#2,527,008)

I never said DeSantis is insane. I said the act of comparing the two is.

Edit* just to add, you typed all of that without even really reading what I typed. Kinda shows you aren't interested in a discussion, just spouting your viewpoints.

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thesuprememacaroni t1_jeekjx5 wrote

NJ wealth inequality existed way before Murphy. Are you saying 9/11 is George Bush’s fault bc he was in office when it occurred?

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imchasingentropy OP t1_jef5ssg wrote

Replying to WildMajesticUnicorn (#2,535,067)

Fair but irrelevant. With the cost of NJ no one even hires at minimum wage anymore. No place can compete with the labor market at 15 an hour and even those are struggling to hire.

Combined with the fact that minimum wage today is further from a living wage than minimum wage 20 years ago was and minimum wage at 14 is a joke and more lip service.

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imchasingentropy OP t1_jefey9o wrote

Replying to WildMajesticUnicorn (#2,537,813)

I'm currently looking for work and out of the hundreds of places I've been to/applied to, none pay less than 15. Wawa, Walmart, McDonald's, every major employer. Maybe you can find the one small business trying to pay less, but it's not an indicator of the market as a whole.

And minimum wage does nothing to stop wealth inequality. Until companies do not have an incentive to pass along prices to consumers or exploit the labor market, the only thing minimum wage does is increase inflation.

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