Posted Jan 18, 2025, 6:49 PM
|
|
Registered User
|
|
Join Date: Apr 2022
Posts: 170
|
|
I can't seem to find the actual tax advisory group report that the WWeek article is based on. It doesn't seem to be on any Oregon or Portland websites. Anyone find it? I'd love to see the underlying analysis.
The conclusions are not surprising. Tax the crap out of businesses and the wealthy and they will leave. They have options and flexibility. Portland is lovely but just not worth the price tag at some point. Deplete the tax base and the budget craters and the city has to slash services and spending. Everyone suffers. Its all simple economics, but for some reason Portland voters don't seem to get it.
I hope this is our rock bottom on taxes and voters/leaders can wake up to the reality of how an economy works. I just don't know how some of these get reversed as they were ballot initiatives. I find it hard to feel optimistic right now on this front. Even the vibe of many on this site still seem to be in denial that tax burden is a major cause (but certainly not the only one) of Portland's troubles.
|