New Jersey High-Tech Capital Gains Tax Proposal

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A teachable moment, ILLEGAL ALIEN TERMINOLOGY: The 14th Amendment- Illegal alien is the CORRECT TERM, for those who sneak into our country in violation of our immigration laws. TO CLARIFY, an ALIEN is any person who is NOT a citizen or natural of the United States. An IMMIGRANT is an alien admitted to the United States as a LAWFUL permanent resident. An ILLEGAL ALIEN is someone who enters the United States WITHOUT immigration inspection or WITHOUT an appropriate visa authorizing entry. The term illegal immigrant is often used interchangeably with illegal alien. However, the CORRECT TERM for a person entering the United States UNLAWFULLY is ILLEGAL ALIEN. The politically-correct phrase UNDOCUMENTED IMMIGRANT has NO LEGAL BASIS – it is simply a TERM USED by those WHO SUPPORT OPEN BORDERS as an attempt to reframe terminology used in the immigration debate. The Fourteen (14) Amendment to the U.S. Constitution is currently MISINTERPRETED to GIVE citizenship to children born in the United States of ILLEGAL ALIEN parents. These children, via their birthright citizenship, act as ANCHOR BABIES and can, upon reaching the age of majority, facilitate bringing their extended family into the U.S. in order to obtain citizenship. Although some experts believe that a Constitutional amendment would be necessary to remedy the misinterpretation, many believe that CONGRESSIONAL ACTION would be SUFFICIENT and is URGENTLY warranted.

Giving NJ startups a break will incentivize more, well-funded (read: employers) start ups to build up here.

New Jersey has a rich history of innovation and ideas like this will help foster continued growth of the local NJ tech community.

From everything I have learned about tech ecosystems over the last 10 years, it is clear that founders are like a magnet that attracts everything else: talent, money, etc. And this is a great way to attract founders. Thanks for your leadership on this, Jay.

Love this idea. As an entrepreneur this appeals to me greatly.

This is a nice back end benefit. We should marry this with great front end benefits that enable these startups to reach breakout success.

This will encourage investment in New Jersey