Finally, some real help for California!
Posted by Geoffrey Manne on January 27, 2010
Oregonians, my fellow residents of the Beaver State (and, by the way, the only state in the Union with a different image on each side of its flag), voted yesterday to increase top marginal income tax rates and corporate tax rates, including minimum corporate tax rates and the addition of a tax on gross receipts. I’m still waiting for Paul Krugman to decry the anti-stimulus measure, but I doubt it will happen (he’s a partisan hack, you know). But there is a “bright” side: Capital (human and otherwise) flight from Oregon to its neighbors (including income-tax-free Washington to the North and foundering behemoth California to the South) will help those states with their economic troubles! <sarcasm>And fewer people and less economic activity in Oregon will be good for spotted owl habitat, after all</sarcasm>. I just hope the local beer industry survives. I don’t know what I’d do without the ability to drown my sorrows in a few bottles of Terminal Gravity IPA.
One Response to “Finally, some real help for California!”
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Geoffrey Manne said
By the way–I didn’t vote, and it wouldn’t have made a lick of difference if I had.