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Steven Malanga\xa0joins\xa0Seth Barron\xa0to discuss the dismal economic and fiscal health of New Jersey, where\xa0individual and corporate taxes are among the highest in the country\xa0and business confidence ranks among the lowest of the 50 states. Jersey\xa0also has\xa0one of America's worst-funded government-worker pension systems, which led its leaders in 2017 to divert\xa0state-lottery\xa0proceeds\xa0intended for\xa0K-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\xa0that\xa0they needed to pay their "fair share."\xa0Murphy signed a\xa0budget\xa0hiking\xa0taxes by about $440 million. But as\xa0the\xa0recent controversy surrounding a soccer team owned by the governor\xa0reminds us, it's easy to show compassion when youre using other people's money.