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Wealth gap report paints grim picture for Oregon

Tuesday, September 30, 2014

– The Associated Press

SALEM — A new report showing that rising income inequality could negatively affect state tax revenue comes amid a push by Gov. John Kitzhaber, legislative Democrats and others to overhaul Oregon’s tax code…

A report released Monday by the credit rating agency Standard & Poor’s suggests that income tax-reliant states like Oregon face a future of declining growth in state revenue.

…Between 1950 and 1979, Oregon tax revenue grew on average 9.49 percent per year, according to S&P’s report. The figure has decreased in subsequent decades, and since 2009, annual revenue growth has averaged 6.52 percent…

http://www.oregonlive.com/pacific-northwest-news/index.ssf/2014/09/wealth_gap_report_paints_grim.html

Our Response & Your Comments

OMG! It’s a disaster – It’s the ebola pandemic, the San Francisco Earthquake and the Great Depression all rolled into one toxic catastrophe!

How can we survive the Oregon government not living on a 9.49 % increase every year? By the way – at this rate of increase their revenue would double in 71/2 years. At the “puny” rate of 6.52% it will take the cavernous maw of Salem government just 11 years to suck in twice as much of our money.

We have two questions for you: First – does your  income double every 7 ½ years? Or even every 11 years? Second – Did your life suddenly go into the tank after 2009? We didn’t think so.

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One response to “Wealth gap report paints grim picture for Oregon”

  1. Bob Sowdon says:

    The Spotted Owl needs to be reviewed as an Endangered Species. The ESA clearly required an economic impact on the process of protecting a species to not adversely affect the economy of the State.

    The other issue is the Spotted Owl, even though more land has been removed from timber harvest, the Spotted Owl continues to decline..
    1. The Spotted Owl will live and nest in Old and New growth even a barn or two.
    The tale of OLD Growth was false!
    2. The Spotted Owl mates and breeds with the Bard Owl, which means the Spotted Owl is not a species of its own.
    3. Decline is enhanced by the larger Bard Owl as it is a predator and will kill smaller Owls including the Spotted Owl.
    4. The Spotted Owl has a bird virus.

    The Spotted Owl being just one of the many environmental hocas pocus claims being made that impact the lives and economy of Oregonians. Just wait as the charlatans attempt to introduce a Carbon Tax to fund the Global Warming Hoax!

    http://www.nwmapsco.com/ZybachB/Articles/Spotted_Owls_2013/index.html
    Citation: Zybach, Bob 2013. “Spotted Owls & the Spotty Sciences that Spawned Them: 5 Questions,”A New Century of Forest Planning, Just Another WordPress.com Weblog, June 19, 2013. [PDF_922_KB].