Manhattan Institute

Garden State Blues

Steven Malanga joins Seth Barron to discuss the dismal economic and fiscal health of New Jersey, where individual and corporate taxes are among the highest in the country and business confidence ranks among the lowest of the 50 states. Jersey also has one of America’s worst-funded government-worker pension systems, which led its leaders in 2017 to divert state-lottery proceeds intended for K-12 and higher education to its pension system.

When Governor Phil Murphy wanted to boost taxes on individuals earning more than $1 million, he claimed that they needed to pay their “fair share.” Murphy signed a budget hiking taxes by about $440 million. But as the recent controversy surrounding a soccer team owned by the governor reminds us, it’s easy to show compassion when you’re using other people’s money.

More from Manhattan Institute

Manhattan Institute3 min readSociety
Fewer Jails Won’t Make Fewer Criminals
New York City has approved a plan to close the incarceration facilities on Rikers Island and replace them with four new borough-based jails. When first put forth in 2017, the plan was conditioned on a reduction of the city’s total jail population ove
Manhattan Institute3 min read
The Most Revealing Screen
Standardized tests have their problems, but they remain the best way of assessing students’ academic merits.
Manhattan Institute3 min readPolitics
National Back-Down Association
The National Basketball Association found itself fighting public relations wars on multiple fronts this week, and across the political spectrum, as an uproar over an NBA executive’s statement that ran afoul of Chinese sensibilities revealed hypocrisy