As the ubiquitous 'they' say, Oregon is about three years behind California and so, keeping an eye on California seems to make sense. Let them make their mistakes and then do what's needed to prevent the same thing from happening here. Right?
Victor Davis Hanson, 55-year resident of California, warns, "There is no longer the nucleus for any organized tax-payer revolt as in the 1970s; so when the mob-like chorus chants ‘Soak the rich!’ and the “they should pay” rhetoric heats up, the targeted now flee rather than fight." Those 'targeted' are the highly educated, high-income earners who contribute to the state in more ways than the taxes they pay and they are being replaced by undereducated, low-income earners. Hanson says that those who are taking flight are going to other western states, including Oregon. But, if Oregon is three years behind California, shouldn't we expect that those who fled California might set the trend for the big earners to flee Oregon as well if we're not careful? Reminder: California is well beyond broke, Oregon... not so much... at the moment.
Sunday, December 7, 2008
Oregon: Three Years Behind California
Labels:
California,
fiscal crisis,
Oregon
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