Thursday, January 28, 2010

Grand Theft Taxpayer, Oregon edition

Oregon voters just made themselves possibly the least-friendly state in the country for new businesses to open up shop.

From the WSJ:

It's not often that citizens vote for higher taxes, but 54% of Oregonians have done precisely that. In a rolling month-long referendum by mail that ended Tuesday, they approved some $700 million in tax hikes on business and wealthy residents.

The teachers unions exulted yesterday that Oregonians voted to "protect our schools and vital public services." What was really protected was the $83,402 a year average in pay and benefits to Oregon state workers, 30% higher than what private workers receive. This is bankrupting states like Oregon, California, New York and New Jersey. On the other hand, Oregon's folly will be some other state's gain.

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