I knew you could.
Oregonians who dislike the the “rich” and “capitalist pigs” voted yesterday to increase the income tax on single earners making more than $125K and households earning more than $200K and to add a significant percentage onto the state’s corporate minimum tax, business minimum tax, and corporate profits tax.
Taxing the productive to pay for the less productive.
FYI, Washington’s business taxes aren’t much better, but there is a reason as to why our unemployment rate is less than Oregon’s.
I still can’t believe that we the people did this.
I’d like a recount. Or was it rigged with the no meaning yes and the yes meaning no?
I am horribly disappointed, but not surprised.
Look for more and more of this kind of thing out there.
….and the exodus of businesses continues
WOW. If I lived in Oregon, I would start packing. I’d flip burgers in Idaho before bowing to that.
YAY! Tax hell out of the riche. That makes sense. Let me take this opportunity to remind business owners that TEXAS has NO INCOME TAX! And damm few corporate taxes. We’re about 49th on the list when it comes to taxes. And there is a good chance that TEXAS would even help PAY for you to move. But leave your LEFT coast government ideas behind. We’re also about 50th on the list for WELFARE PAYMENTS. So if you want to live in a welfare utopia, stay where you are.
Oregon has passed the tipping point. The Left has now created a sufficiently large population of dependent class voters, than ALL such “let’s make other people pay” bills will pass. Eventually, the house of cards will unavoidably collapse, and Oregon will default on essentially all of its debts. The last two upon which it will default will be public employee pensions and teachers’ union funding of various sorts. Every budget cycle here, the legislature pulls the old “GIVE US MORE MONEY OR WE’LL SHOOT THE PUPPY!” routine, wherein the puppy is old people’s medicines, children’s teachers and class sizes, and violent criminals being released from prison. And, of course, the press is their co-conspirator. There may never be another meaningful startup to arise from the Silicon Forest, and there will almost certainly never be another major high-tech player other than Intel and the shattered remains of Tektronix. Who in their right mind would fund a real business here? I’m hanging around, working hard and collecting my reduced high-tech paycheck, until just before it seems to me that the second (and much worse) housing market crash happens. Then it’s off to Idaho or Utah or North Carolina, I reckon.
Oregon, you were great while you lasted. You died in the early 1990s, but your body took a while to hit the floor. You will not be missed.