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- A tumblr site dedicated to the people and places that make up Oregon and Southwest Washington.
on Tax Measures
Too many people who know too little about economics have waded into this debate, contributing only misleading figures and incorrect calculations. The two economic facts that are of overwhelming importance in this debate are 1) propensity to spending of government versus private sector and 2) the balanced budget requirement in Oregon's Constitution. The very tenor of the debate reflects the selfish ideology and "me first" culture that has come to replace civil discussion of true merits in the public sphere.
In a fiery and polemical rant against 66 & 67, the Oregonian Editorial Board claims "there were, and still are, better ways than Measures 66 and 67" but doesn't even point to these alternatives. A measure to increase taxes is a soft target when the crucial services these dollars would fund are not even mentioned. The message that this is the wrong time for our economy echoes hollow to the critical reader who skims the remainder of the article in the vain hope of finding any arguments whatsoever of an economic nature. Instead one finds a reactionary whine against "class warfare".
The right way to analyze this economically (with respect to job creation) is to estimate the path that these dollars would follow under either alternative. One must find the difference in total employment created in both the public and private sector from both alternatives. It is clear that when refunded to the taxpayer rather than collected in taxes, a portion of this money is saved, that is, not used to create jobs. In contrast - the entire balance collected in taxes will be spent within the biennial budget of the state, thus leading to job creation. Therefore these measures are good for the economy.
The Oregon legislature does not have the option to explore alternatives at this juncture. The balanced budget requirement will force immediate cuts if these measures do not pass. Our state has long struggled with difficulties in stabilizing its revenue, and it is far right business interests like Nelson and Sizemore that have stood in the way of every step of progress, including these ballot measures. It is their organizational allies that have created the funding crisis for our schools. It is their ideological allies that put the wrecking ball to our economy in the first place. Lets make this a referendum against corporate crooks.
A healthy economy in the United States can only come about through a vastly larger Government.
posted 3 years, 4 months ago
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