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Commerce Mag NJ
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OUR TOP STORY

America’s 238th Birthday: Celebrating Our Freedom

by: John Galandak, President, CIANJ

Galandak_SM_2A veteran of the U.S. Air Force and resident of New Jersey, Charles Payne has a new show, Making Money with Charles Payne, on FOX Business Network (FBN) airing weekdays at 6:00 p.m. EST. Each night, he is joined by a panel of business and market experts who debate and discuss the key financial issues driving the headlines.

“There are moneymaking opportunities behind every headline and each day I am going to debate and analyze these potential investments with the aim of helping viewers find their confidence in the markets and realize their long-term dreams and goals,” explains Payne, who also founded Wall Street Strategies, an independent stock market research firm where he serves as chief executive officer and principal analyst.

Being a champion of the free market and a military veteran is really a perfect combination, as freedom empowers entrepreneurs to unleash their business ideas. Without veterans, there would be no freedom. Without freedom, there would be no free market. Without the free market, there would be no American dream or the economic engine that has made it possible. Clearly, the free market is the catalyst for American prosperity.

As America celebrates July 4th and its 238th birthday, we have an important opportunity to review how free and open the market really is. Indeed, the more it costs to do business due to excessive taxes and regulations, the less “free” the market is.

That’s why the tax policies in Trenton and in Washington, D.C., matter, and need to take the long view and be growth-oriented and business-friendly. Revenue shortfalls in government have our elected leaders looking to generate more money any way they can. Too often, that leads to squeezing more money out of high earners, who already pay the bulk of taxes and have the ability to leave states where the cost of being successful gets too steep—and they do.

Yet, a millionaire’s tax is a folly that Trenton cannot let go of given its populous appeal—but, while it may yield some shortterm revenue to the state, it offers no appreciable solution to the need for less spending, nor a strategy to address New Jersey’s liabilities, which are eating up an ever-increasing portion of the state’s budget each year. Similarly, eliminating New Jersey’s estate tax and inheritance tax would be good for the Garden State. In the long run, these taxes scare away more dollars than they
bring in.

“You want to create an environment where others are going to have the courage to tell you what you need to hear instead of what you want to hear,” explains former F-16 pilot USAF Lt. Col. (Ret.) Rob “Waldo” Waldman, author of the bestseller, Never Fly Solo.Another effective way to support the business cycle fueled by freedom is to hire veterans. Through their service, they are well trained to work collaboratively in diverse teams that are asked to achieve measurable objectives. In addition, veterans are trained to learn new skills, screened for health issues and given the experience of working under stressful situations. They are trained to keep their cool and their focus on completing assigned tasks and assignments in a timely manner. Veterans also know how to take orders and receive feedback— skills that would be valuable to any employer.

The relationship between freedom and economic success connects two of the founding principles of our nation. America’s DNA is clearly a mix of the two, and as we celebrate the birth of our country, we must all remember the sacrifices made by the men and women of our armed forces. Without them and their brave and selfless service, we would not be free. We would not be prosperous. We would not be the America that we all know and love.

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Members in the News

AmeriHealth NJ announced today that it has reached an agreement on a new, three-year contract with Radiology Consultants of New Jersey effective July 2012.
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Khanh Vuong of Livingston has recently been named First Vice President/Chief Risk Officer of Kearny Federal Savings Bank.
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Experts at Rothstein Kass have co-authored “A Practical Guide to Capital Markets: Participants, Instruments and Compliance.”
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HackensackUMC has been ranked as the number one hospital in New Jersey, and one of the New York metro area’s Top Four hospitals according to U.S. News & World Report.
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