Liberal Talk Radio

Nothing against the elderly … I love my grandma, and after all, I hope to be an “elderly” some day.

But the Jersey budget deal has win for the AARP-set written all over it.

By increasing sales taxes in order to provide property tax “relief”, Jersey shifts the most heavily felt part of its tax burden from home owners on fixed incomes to the working poor.

Plus, since sales taxes are less “sticky” than property taxes (consumption moves with the general economy, whereas home values are reassessed much less frequently), the Garden States schools and public services will now be more beholden to the winds of the global economy.

That’s bad for kids, and bad for the poor. But Granny living in her single-family home that’s now worth $4 billion (or whatever a house costs these days) and paying her taxes with Social Security can breathe easier.

I ask you — which one is a better investment for the future of our country?