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Steve Novick's CEO tax wins close vote, putting Portland on world map (Oregon)
Oregonian ^
| 12/08.2016
| Jessica Floum
Posted on 12/08/2016 6:53:02 PM PST by aimhigh
Portland City Council approved the controversial plan 3-1 Wednesday, making a statement about growing income disparity in the United States while giving Commissioner Steve Novick a legacy piece in his final weeks in City Hall.
The tax targets publicly traded companies whose chief executives report salaries at least 100 times higher than the salary of a median worker.
(Excerpt) Read more at oregonlive.com ...
TOPICS: Business/Economy; Government; US: Oregon
KEYWORDS: ceo; tax
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So, it would tax two CEOs the same regardless of how many employees they had.
1
posted on
12/08/2016 6:53:02 PM PST
by
aimhigh
To: aimhigh
Hey, Portland . . .
Look at my thumb
2
posted on
12/08/2016 6:54:07 PM PST
by
A_Former_Democrat
("Liberalism is a mental disorder" On FULL Display NOW BOYCOTT PepsiCO Kellogg's)
To: aimhigh
Is the population of Portland growing or not?
3
posted on
12/08/2016 6:54:16 PM PST
by
Paladin2
(No spellcheck. It's too much work to undo the auto wrong word substitution on mobile devices.)
To: aimhigh
bite me portland...world map???
4
posted on
12/08/2016 6:56:00 PM PST
by
Drango
(A liberal's compassion is limited only by the size of someone else's wallet.)
To: aimhigh
That giant sucking sound you hear is Portland corporate HQs moving to red states.
5
posted on
12/08/2016 6:58:05 PM PST
by
HokieMom
(Pacepa : Can the U.S. afford a president who can't recognize anti-Americanism?)
To: aimhigh
Wonder if it affects dividends, bonuses, options?
6
posted on
12/08/2016 6:58:21 PM PST
by
Vendome
(Don't take life so seriously-you won't live through it anyway - "Enjoy Yourself" ala Louis Prima)
To: aimhigh
I sense an opportunity renting “headquarters office suites” just outside Portland city limits
7
posted on
12/08/2016 6:59:31 PM PST
by
RightGeek
(FUBO and the donkey you rode in on)
To: aimhigh
If I were a CEO, I would prohibit any of my business going to that city in any shape or form.
To: aimhigh
Brilliant.
As a shareholder of a public company, I really like it when the BOD hires one of those bargain CEOs.
Great way to shore up the bottom line. /s
Plus the city will benefit from driving away the business of those successful public companies. /s/s
9
posted on
12/08/2016 7:00:07 PM PST
by
MV=PY
(The Magic Question: Who's paying for it?)
To: aimhigh
Destroying the top instead of raising the bottom. Real smart. Exodus 20:17: "You shall not covet your neighbor's house. You shall not covet your neighbor's wife, or his male or female servant, his ox or donkey, or anything that belongs to your neighbor." (NIV)
10
posted on
12/08/2016 7:00:37 PM PST
by
Fungi
To: A_Former_Democrat
Well an employee makes 10 dollars an hour, the CEO makes 1,000 an hour is ok? I think CEOs are seriously overpaid and many here have mentioned it as well in various posts. The CEOs took away the pensions and medical, but still haven’t raised the hourly wage. What did they do with all that money from the pensions and medical benefit? That would be easily a trillion dollars for many companies that were given to the CEOs.
11
posted on
12/08/2016 7:02:58 PM PST
by
napscoordinator
(Trump/Hunter, jr for President/Vice President 2016)
To: Drango
As the city with the dumbest population in the world, yes.
12
posted on
12/08/2016 7:03:17 PM PST
by
dsc
(Any attempt to move a government to the left is a crime against humanity.)
To: MV=PY
They might. But look at California with the highest taxes in the country, but managed a 2.9 billion dollar surplus. No other state sees that even Texas. Kansas is a complete and utter disaster. Hopefully they get their acts together.
13
posted on
12/08/2016 7:04:36 PM PST
by
napscoordinator
(Trump/Hunter, jr for President/Vice President 2016)
To: aimhigh; goodnesswins; PROCON; Twotone; VeryFRank; Clinging Bitterly; Rio; Hieronymus; bray; ...
If you would like more information about what's happening in Oregon, please FReepmail me.
Please send me your name by FReepmail if you want to be on this list.
14
posted on
12/08/2016 7:05:24 PM PST
by
Salvation
("With God all things are possible." Matthew 19:26)
To: aimhigh
15
posted on
12/08/2016 7:09:11 PM PST
by
Robwin
To: aimhigh
Wouldn’t it be cheaper if the companies just hired someone to kill these greedy politicians?
16
posted on
12/08/2016 7:09:12 PM PST
by
fruser1
To: aimhigh
The tax targets publicly traded companies whose chief executives report salaries at least 100 times higher than the salary of a median worker. Officials expect to raise $2.5 million a year starting in January 2018, with Novick hoping the money will help pay for homeless services.I'm not sure I understand this. Are they talking about companies that are incorporated (or otherwise legally "tied" to Portland)? Or just any company, anywhere, that does business is Portland? (not sure how they could enforce a tax of that sort). Does the "salary of the median worker" refer only to employees of the CEO's company?
17
posted on
12/08/2016 7:12:56 PM PST
by
workerbee
(The President of the United States is public enemy #1)
To: aimhigh
simple, no legitimate company have it’s headquarters in Portland.
To: Robwin
Keeping Portland Evil.
Most atheist city in the US.
First in human trafficking on the West Coast.
To: napscoordinator
Yeah, it’s more than “ok”
Maybe you’d be happier in Portland
20
posted on
12/08/2016 7:25:46 PM PST
by
A_Former_Democrat
("Liberalism is a mental disorder" On FULL Display NOW BOYCOTT PepsiCO Kellogg's)
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