A dear and close friend of ours read the article I wrote below, and the one on how Atlantic City, and cities like it in New Jersey, are quickly becoming new versions of Detroit. First, what she revealed about the teacher’s unions and the power they wield in this and many other “vampire” states, followed by my own observations, having been born and raised in New Jersey, owned property in it. This is the gist; more and more people are leaving states like New Jersey, because the politicians in those states have made it so unaffordable to live in that they have no recourse but to exit the state before they are forced into bankruptcy. In states like New Jersey, the only people who are making good under this economy are Obama’s friends, who are getting paid BIG money under the table for their support, as the federal agencies are being used to funnel money through his so-called green initiatives, as he bankrupts the coal industry, and penalizes small and medium businesses who cannot afford to stay open under the crushing draconian regulations, over-taxation, and new mandates created and continually altered almost daily by Obama with his Affordable Care Act, otherwise known as Obamacare; the most overt attack on the free enterprise system in this nation’s history, and a plan that is designed to fail in order to help Obama enforce by Executive Action or any other means – a so-called RINO/Dem Bipartisan Congress? – a push for a single-payer government plan, which the Justice Roberts legitimized as Supreme Court Chief Justice against the dictates and protections accorded to each and every citizen and their businesses under our Constitution. Well, now to the rest of the story.
Thanks Janet, for this interesting perspective into the real problem in New Jersey.
The teachers union in NJ is a hungry machine. Currently 85% of your property taxes goes to feed it. Your average teacher doesn't give a hoot if people lose their homes. They want their increases, fat pensions and free lifetime healthcare. It's what they were promised! I know, I have many wonderful teacher friends and when I've pointed this out, the response was always, so. It's one of the main reasons I left the state. Here you can have a house twice as big and pay 3k in taxes.
Atlantic city, I agree, a big lie!
On Dec 22, 2013, at 7:11 PM, THE PEPSTER wrote:
When they first approved casinos in New Jersey decades ago, the people were told that they would be a form of revenue for the state that would keep local and state taxes down, and would help the local communities where they would be built. Decades later, state and local taxes are the highest in the nation, or among the highest, and no one but the politicians and the casino owners who own them have benefited. We pay over eleven thousand dollars in property taxes in the town we live in. Friends of ours pay about as much or a little more per year, and though their property is paid for, because the main bread winner lost his job due to Obamacare, they do not earn enough to continue carrying the burdensome taxes on their property and they’re forced to sell it in order not to lose it. This is truly sad indeed. These exorbitant taxes do provide any improvement in services, because all one needs to do is sit through a three inch storm and watch only the main streets being treated with brine while side streets are neither plowed or cleaned. No brine, no salt, no ice melt, and certainly no plow. People who live on these streets must maneuver their vehicles through some of the most treacherous roads in the most treacherous conditions in the northeast.
As for the local towns, well the article below is only the latest in a good many that have exposed the seedy side to the promise made years ago, that so many New Jerseyans bought into. How much more has to happen in this state until we begin to elect people who will make promises that they do not intend to keep, and continue to shake us down for what little pennies we have left after Obama’s regulatory policies, his scant help for the chronic unemployment problem in this state (the Tier 5 people and beyond), Obamacare’s ravages of people’s private insurance policies, and the destructive affect this is having on their employment, as more and more small and medium size businesses are forced under this law to close down, because they cannot stay open and earn a profit under these so-called “guidelines.” Now read below and weep about the compromise with corruption that was made decades ago, and how under this Obama “recovery” cities such as Atlantic City, and others are becoming mirrors of Detroit, Michigan, and sections of Dearborn, Michigan as well. We have yet to read about the tent cities that litter the overpasses of many of our highways across this nation. And those who live further in, who at one time lived in apartments, and homes of their own, and had decent jobs with decent wages, but haven’t seen the light of day since September, 2009. The forgotten people, our neighbors, who were foreclosed and who left, and cannot find work, are not covered under any medical plan, and whose plight is all but forgotten by a media and press that considers them nothing but a political inconvenience under Obama, but would have been all over these stories under any other president.
THE PEPSTER
Posted: Dec 21, 2013 5:04 PM EST
Updated: Dec 22, 2013 3:42 PM EST
By Israel Joffe, Web Producer -
AP file photo/Mel EvansNEW YORK (MYFOXNY) - With the closure of the recent Atlantic Club Casino Hotel, rumors of the bankrupt Revel being sold to Hard Rock, Las Vegas real estate prices remaining depressed, casinos opening up all around the country and online gambling legislation underway in various states, it seems as if the reasons for the very existence of Atlantic City and Las Vegas are in serious jeopardy.
Beginning in the late 1940s, Las Vegas became known as the 'adult playground of the world.' Celebrities knew they made the big time when their names graced the billboards of ‘Sin City.’ Gamblers hoping to make money would flock there all year and families looking for a nice getaway would enjoy relaxing by the extravagant swimming pools under the hot desert sun, seeing the various shows and concerts, and whenever possible, sneaking away to the blackjack tables while their kids slept.
It was paradise.
On the other hand, Atlantic City, once a major vacation spot during the roaring 20s and 1930s, as seen on HBOs Boardwalk Empire, collapsed when cheap air fare became the norm and people had no reason to head to the many beach town resorts on the East Coast. Within a few decades, the city, known for being an ‘oasis of sin’ during the prohibition era, fell into serious decline and dilapidation.
New Jersey officials felt the only way to bring Atlantic City back from the brink of disaster would be to legalize gambling. Atlantic City’s first casino, Resorts, first opened its doors in 1978. People stood shoulder to shoulder, packed into the hotel as gambling officially made its way to the East Coast. Folks in the East Coast didn't have to make a special trip all the way to Vegas in order to enjoy some craps, slots, roulette and more.
As time wore on, Atlantic City and Las Vegas became the premier gambling spots in the country.
While detractors felt that the area still remained poor and dilapidated, officials were quick to point out that the casinos didn't bring the mass gentrification to Atlantic City as much as they hoped but the billions of dollars in revenue and thousands of jobs for the surrounding communities was well worth it.
Atlantic City developed a reputation as more of a short-stay ‘day-cation’ type of place, yet managed to stand firm against the 'adult playground' and 'entertainment capital of the world' Las Vegas.
Through-out the 1980s and 1990s, these two places would become an integral part of American pop culture as the place to gamble and have fun no matter which coast you lived at.
However in the late 1980s, a landmark ruling considered Native-American reservations to be sovereign entities not bound by state law. It was the first potential threat to the iron grip Atlantic City and Vegas had on the gambling and entertainment industry.
Huge 'mega casinos' were built on reservations that rivaled Atlantic City and Vegas. In turn, Vegas built even more impressive casinos.
Atlantic City, in an attempt to make the city more appealing to the ‘big whale’ millionaire and billionaire gamblers, and in effort to move away from its ‘seedy’ reputation, built the luxurious Borgata casino in 2003. Harrah’s created a billion dollar extension and other casinos in the area went through serious renovations and re-branded themselves.
It seemed as if the bite that the Native American casinos took out of AC and Vegas’ profits was negligible and that the dominance of those two cities in the world of gambling would remain unchallenged.
Then Macau, formally a colony of Portugal, was handed back to the Chinese in 1999. The gambling industry there had been operated under a government-issued monopoly license by Stanley Ho's Sociedade de Turismo e Diversões de Macau. The monopoly was ended in 2002 and several casino owners from Las Vegas attempted to enter the market.
Under the one country, two systems policy, the territory remained virtually unchanged aside from mega casinos popping up everywhere. All the rich ‘whales’ from the far east had no reason anymore to go to Las Vegas to spend their money.
Then came their biggest threat.
As revenue from dog and horse racing tracks around the United States dried up, government officials needed a way to bring back jobs and revitalize the surrounding communities. Slot machines in race tracks started in Iowa in 1994 but took off in 2006 when Pennsylvania introduced ‘Racinos’ in an effort to reduce property taxes for the state and to help depressed areas bounce back.
As of 2013, racinos are legal in ten states: Delaware, Louisiana, Maine, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, and West Virginia
Tracks like Delaware Park and West Virginia's Mountaineer Park, once considered places where local degenerates bet on broken-down nags in claiming races, are now among the wealthiest tracks around, with the best races.
The famous Aqueduct race track in Queens, NY, once facing an uncertain future, now possesses the most profitable casino in the United States.
From June 2012 to June 2013, Aqueduct matched a quarter of Atlantic City's total gaming revenue from its dozen casinos: $729.2 million compared with A.C.'s $2.9 billion. It has taken an estimated 15 percent hit on New Jersey casino revenue and climbing.
And it isn't just Aqueduct that's taking business away from them. Atlantic City's closest major city, Philadelphia, only 35-40 minutes away, and one of the largest cities in America, now has a casino that has contributed heavily to the decline in gamers visiting the area.
The situation in Vegas isn't much better. The Great Recession of the late 2000s hit Las Vegas hard. As the recession wore on, and as gambling received approval in various jurisdictions throughout the United States, folks realized they didn't need to travel thousands of miles just to gamble.
Casino revenues and the price of real estate plummeted. Unemployment went as high as 14 percent, however unofficially, local officials said it may have been as high as 30 percent.
More than half of all home owners with a mortgage in the state of Nevada owe more than their homes are worth.
One local bought his condo in 2006 for $209,000, and as of 2013 it is worth barely $60,000.
As Las Vegas moved to market itself as purely an entertainment paradise, one local said “The reality is, people just won’t fly to the middle of a desert to play some slots, watch shows and sit down for some blackjack when they can drive right near their town or city, or play legally online.”
And now it looks like the feds may soon allow online gambling across the United States.
Last May, the American Gaming Association called on Congress to enact federal legislation that would allow states to license and regulate online poker so Americans who play can do so safely using responsible, law-abiding operators. The Department of Justice made a decision that the Federal Wire Act only prohibits the transmission of communications relative to bets or wagers on sporting events or contests. It also clarifies that intrastate lottery tickets sold online are legal, so long as the lottery games do not involve sport wagering, even if the transmission crosses state lines.
Officials say this has opened up the possibility that online gambling may get approved on a federal level.
New Jersey is the third state in the U.S. to have authorized internet gambling. However, these online casinos are owned and controlled by Atlantic City casinos in an effort to boost profits in the face of fierce competition.
California, Hawaii, Illinois, Iowa, Massachusetts, Mississippi, Pennsylvania and Texas are hoping to join Delaware, Nevada, New Jersey and the U.S. Virgin Islands in offering online gambling to their residents.
Nevada also enacted modifications to their internet gambling law to allow for interstate compacts, among other provisions in hopes to draw higher stakes jackpots, similar to the Mega Millions and Power Ball lottery games that are played in multiple states.
With this in mind, it seems the niche that Las Vegas and Atlantic City once offered as a gambling and entertainment hub is heading toward the dustbin of history.
Time will tell if these two cities will end up like Detroit. However, the fact that they are losing their biggest industries to major competition, much like Detroit did, with depressed housing, casinos bankrupting/closing and businesses fleeing, makes their fate seem eerily similar.
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