An 11% income tax.
If that's not bad enough already, the City of Portland is talking about massive tax increases. If you're a business in the city limits, the tax/business license fee has been 2.2%. They now want to increase it to 8%, a 400% increase. In that case, a business in the city limits of Portland will pay 11% income tax to the state and 8% income tax to the city: 19% city/state income tax, on top of the Federal 35% income tax.
Instead of cutting state employees, their wages and pensions, cutting services, they decide raise taxes instead.
Smart.
Oregon's Death Spiral
Science fiction writer Ben Bova wrote:The most prescient — and chilling — of all the science fiction stories ever written, though, is “The Marching Morons,” by Cyril M. Kornbluth, first published in 1951. It should be required reading in every school on Earth.
The point that Kornbluth makes is simple, and scary: dumbbells have more children than geniuses. In “The Marching Morons” he carries that idea to its extreme, but logical, conclusion.
Kornbluth tells of a future world that is overrun with dummies: men and women who don’t know anything beyond their own shallow personal interests. They don’t know how their society works, or who is running it. All they care about is their personal — and immediate — gratification.
A comedy with similar reference....Watch the trailer......click me
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