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Started By
Message
Portland to raise taxes on companies where CEO earns 100 times what workers do
Posted on 12/8/16 at 2:40 pm
Posted on 12/8/16 at 2:40 pm
Why do liberals hate capitalism so much and seek to destroy it?
LINK
quote:
Portland, Ore., city council passed a law Wednesday that will charge businesses a higher tax rate if their chief executive officer gets paid more than 100 times what the average worker at the company does.
Normally, businesses in the city pay a tax of 2.2 per cent of their net income to city hall. But the new law will slap a higher rate on any publicly traded companies in the city if their executive compensation is wildly out of line with what workers at the company earn.
LINK
11
Posted on 12/8/16 at 2:41 pm to stout
Well, if it's too high it will be fun to watch them bitch when the company moves.
Posted on 12/8/16 at 2:43 pm to stout
Is this all businesses or just once based in the city?
Not only could punitive nonsense like this keep Portland 'weird'....it could keep it playing catch up to Seattle forever.
Not only could punitive nonsense like this keep Portland 'weird'....it could keep it playing catch up to Seattle forever.
This post was edited on 12/8/16 at 2:44 pm
Posted on 12/8/16 at 2:46 pm to stout
Great. Now we'll have more businesses moving to Nashville and I'll be even busier. Liberal policies are killing my golf game.
Posted on 12/8/16 at 2:47 pm to stout
Portland moves to invite major corporations to leave their area.
That's what the headline should read.
That's what the headline should read.
Posted on 12/8/16 at 2:52 pm to stout
Beaverton city leaders high-fiving each other.
Posted on 12/8/16 at 2:53 pm to stout
quote:
Why do liberals hate capitalism so much and seek to destroy it?
Did you just ask a board full of tariff supporters this question?
Posted on 12/8/16 at 2:54 pm to stout
Ah Portland. Not a single one of the SWPLs who live there would live there if it had the demographics of Detroit or Jackson.
Posted on 12/8/16 at 2:54 pm to stout
Where's rehtaeh? Bet she's going to spit out her latte all over her Uggs in excitement over this.
Posted on 12/8/16 at 2:56 pm to stout
quote:
Normally, businesses in the city pay a tax of 2.2 per cent of their net income to city hall. But the new law will slap a higher rate on any publicly traded companies in the city if their executive compensation is wildly out of line with what workers at the company earn.
Lol. nithing arbitrary about this!
Posted on 12/8/16 at 2:57 pm to stout
Like with all policies like this there will be special carve outs. Just like companies like Apple, Google and Goybook are able to escape the harsh business climate in the Bay Area.
Even then, Lake Oswego, Tigard and Beaverton about to have interested companies looking around.
Even then, Lake Oswego, Tigard and Beaverton about to have interested companies looking around.
Posted on 12/8/16 at 2:58 pm to WheelRoute
got your talking points I see Posted on 12/8/16 at 3:06 pm to stout
Simple just drop your salary and take a nice bonus year end
Posted on 12/8/16 at 3:06 pm to BBONDS25
quote:
got your talking points I see
It's a talking point to acknowledge the incredible amount of cognitive dissonance you have to possess to be both in support of tariffs and restrictions to trade, and also critical of anyone who seeks to place restrictions on capitalistic enterprise?
Posted on 12/8/16 at 3:08 pm to goofball
quote:
Not only could punitive nonsense like this keep Portland 'weird'....it could keep it playing catch up to Seattle forever.
Hell, Seattle is probably taking notes on this one
Posted on 12/8/16 at 3:29 pm to bamarep
quote:It's the great thing about state and local control; we can see what policies work and don't work and people and companies have options to move to places that fit their views and needs.
Portland moves to invite major corporations to leave their area.
On the other hand, when the federal government institutes something, we lose that option, unless we decide to move out of the country.
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