The Lesson's of Oregon's Vote to Tax the Rich

[Partisan]

Jan 27 2010, 11:06 am by Derek Thompson

The Lessons of Oregon's Vote to Tax the Rich
Oregon voters approved by a wide margin new taxes on wealthy families and corporations. For two decades, Oregon voters had mimicked California, freezing property taxes, rejecting sales taxes and demanding that any surpluses go back to the people in the form of rebates. No more! The two measures will raise income taxes for households making more than $250,000 a year and raise the state's corporate income tax.

Does it seem fair to target a small group of individuals to finance the rest?....
Will it backfire & cause an exodus, like New York?.....

Full article here:
The Lessons of Oregon's Vote to Tax the Rich - The Atlantic Business Channel

 

[Winnb]

I think this quote from the article pretty much sums it up for most Americans right now:

With double-digit unemployment, eight-digit Wall Street bonuses and thirteen-digit federal deficits, Americans are feeling inundated with a lot of numbers that tell a simple story: America's workers have no money, America's coffers have no money, but America's rich people have a lot of money.

As for your question - I'm always wary when governments start instituting taxes that single out certain groups or people. Why? Because if the government has the power to single out "them", they also have the power to single out me.

 

[Vader]

I think this quote from the article pretty much sums it up for most Americans right now:



As for your question - I'm always wary when governments start instituting taxes that single out certain groups or people. Why? Because if the government has the power to single out "them", they also have the power to single out me.

Ok.


1. When the government taxes the wealthy; the wealthy lose out on luxuries.

2. When the government taxes the middle class; the middle class lose out on necessities.

There is a difference. The rich have never had an issue with allowing the middle class to pay for everything while they and their big businesses ducked out on paying their fair share (using loopholes created by politicians who were bought off).

Now these same people have the sheer, unmitigated gaul to complain about the shoe being on the other foot? Too bad for them.

The rightest business slime that dislikes this can go sit on a land mind.

 

[Baralis]

If the taxes remain for any amount of time I forsee a massive exodus of the wealthy similar to CA and corporations. Many fled into neighboring states with lower taxes.