Friday, October 31, 2008

Good Tax Breaks

I took the liberty of Copying this from Millville's Favorate Blogger!!
This is an enconomic TREAT and not a trick

Verizon Tax Breaks
In not so bad news - the State Economic Development Authority authorized a ten-year, $20 million tax break for Verizon in New Jersey.
What this tax break does is keep Verizon, and jobs, in NJ. If you believe the hacks at Millville First, you would think that all tax incentives are completely unnecessary.
Of course, most of them are retired and receiving government pensions (not too many have ever worked in the private sector) and of course, do not need jobs. And that is not to mention that many of them also are on the receiving end of state and public monies, and are the first in line to grab every new “hand-out”.
If you were a MF’er, the first thing you would do is get your adding machine out and scream that the taxpayers are subsidizing 712 jobs at a cost of $28,089.89 per job.
The actual cost is less than $2,090 per year per job. It keeps a major corporation in the state. It keeps a viable business operating in a depressed area, which will encourage other businesses to locate there in the future. It creates some new jobs at Verizon, and guarantees that the building will see millions in dollars of private investment in renovations, hence creating construction jobs.
This beats the alternatives: construction workers sitting at home during a lax economy, not able to earn; skilled ex-Verizon employees standing in the unemployment line; sending those jobs over to Pennsylvania.

7 comments:

Anonymous said...

Mark,
Rumor has it that your favorite blogger has had complaints filed against him by his neighbors. And now he is looking for an attorney who is willing to rid Sasafrass St. of it's crime. Definition of Crime: Violation of the laws---. I guess not paying court ordered child support and having complaints filed against you for creating a nuisance is not a crime in your favorite blogger's opinion.

Unknown said...

Since you know me. Can you do me the favor of your name. You seem like a man/woman of your convictions.
All I can say is if you lived with the crack-head losers that keep you up, I would think you would take action.
Have a nice day, whoever your are!

1

Anonymous said...

Are you saying that Liz is on drugs?

Anonymous said...

Millville First comments.

No class all the way, baby.

Anonymous said...

I didn't know Mark was a member of Millville First. I do believe that Mark is the one who said "if you lived with the crack-head losers that keep you up -

Unknown said...

I am not a member of MF. I think they like to read my blog though.

Anonymous said...

I don't know whether they like to read your blog or not but you are avoiding the issue. You are the one who stated "if you lived with the crack-head losers that keep you up". So the question is still standing - Are you saying that Liz is on drugs?