ATLANTIC HIGHLANDS HERALD
New Jersey's 1st Official Electronic Newspaper
Governor “McGreedy” is raising business taxes in New Jersey by 66 percent. McGreedy sees that as a billion-dollar hit for his big tax-and-spend state government.
That projected billion-dollars of tax revenues could turn into a billion-dollar loss of jobs, businesses shutting down, or leaving New Jersey to other states that are “business friendly.”
Already, Macy’s and Bloomingdale’s are talking about downsizing and laying off workers if their company’s new tax bill soars from $4.4 million in 2001 to $10 million in 2002.
GORDON BISHOP
ON THE ISSUES
SOCIALIST GOV. ‘McGREEDY’ IS DESTROYING JOBS ! ~ By Gordon Bishop Governor Jim McGreevey calls it “Tax Reform.” I call it Socialism. Governor “McGreedy” is raising business taxes in New Jersey by 66 percent. McGreedy sees that as a billion-dollar hit for his big tax-and-spend state government. Don’t count your chickens yet, Governor. Already, Macy’s and Bloomingdale’s are talking about downsizing and laying off workers if their company’s new tax bill soars from $4.4 million in 2001 to $10 million in 2002. McGreedy, a lawyer, is not an economist or an entrepreneur. He’s a professional politician who’s been running for public office most of his adult life. He doesn’t have a degree or experience in business, or economics. But it doesn’t matter to a socialist, whose vision of America is increasing government and decreasing economic opportunities for investors in business enterprises. America in the1990s was frightingly like the America of the 1920s that led to the nation’s first Great Depression. If it wasn’t for World War II, the Great Depression would have continued into the 1940s. That war put Americans back to work, at a staggering cost to taxpayers -- and took this great country down the road to socialism. It began with President Franklin Roosevelt’s “New Deal” in the ‘30s, followed by President Lyndon Johnson’s $7 trillion “Great Society” socialist programs in the ‘60s, capped off by President Clinton’s historic “Raw Deal” -- the two biggest tax increases in the 226-history of our once great Republic. So here we are, working half a year to pay our taxes, and half a year to take care of our immediate needs, such as food, clothing, shelter, education, transportation, and a couple of weeks of vacation each year. Like any Marxist-Socialist, McGreedy is ignorantly attacking the Chairman of Federated Department Stores, the parent company of Macy’s and Bloomingdale’s. Why is McGreedy targeting one of the nation’s largest chain of retail stores? Because their chairman, James Zimmerman, is paid $1.5 million a year, plus stock options worth more than $12 million. Hey, McGreedy, you should’ve been a retail manager instead of a politician and you would be making $1.5 million a year with $12 million worth of stock options. But like any Marxist-Socialist, our shallow, myopic Governor prefers taxing the productive rich and redistributing the wealth to the less productive and less rich. That’s what they did in the Soviet Union and Cuba, and look what’s happened to those two societies. Another Marxist nation, The Peoples Republic of China, is now moving in the direction of a free market economy. Why? Because it works! Liberals, Marxists and Communists do not believe in Freedom or Liberty. They believe in a strong, centralized, tax-and-spend government that punishes success and rewards failure. That’s why America, today, has become a dysfunctional socialist State. The harder you work, the more Big Liberal Government takes. Liberals would rather subvert and pervert our sacred U.S. Constitution by stripping away our freedoms, one article, one amendment at a time. America’s freedom-fighting founders would be shocked and saddened at what their great Republic has become over the past 70 years. Goodbye, Freedom. Welcome, Socialism-Marxism. Gordon Bishop
Syndicated Columnist
August 1, 2002
That projected billion-dollars of tax revenues could turn into a billion-dollar loss of jobs, businesses shutting down, or leaving New Jersey to other states that are “business friendly.”
Eatontown, NJ
Gordon Bishop, a national award-winning author, historian and syndicated columnist, is New Jersey’s first “Journalist-of-the-Year” - 1986 / New Jersey Press Association.
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