/s3.amazonaws.com/arc-wordpress-client-uploads/wweek/wp-content/uploads/2020/01/07144139/ORIANAMAGNERA_JKatigbak_07.jpg)
“The goal is ensuring the green economy benefits folks who are hurt first and worst by global warming,” says Oriana Magnera. Posted on 01/19/2020 8:46:45 AM PST by nwrep
“The goal is ensuring the green economy benefits folks who are hurt first and worst by global warming,” says Oriana Magnera.
In just a few months, the city of Portland will begin investing the proceeds from a groundbreaking new tax on large companies.
No other city in the U.S. has such a tax.
The Portland Clean Energy Community Benefits Fund, or PCEF, will raise as much as $60 million a year from a new tax on big retailers. The money is supposed to supply clean, efficient energy and jobs to people the city has long slighted.
The overarching goals: to provide members of underserved communities with valuable skills while insulating, caulking and tweaking inefficient heating and cooling systems and installing rooftop solar panels at the homes of low-income Portlanders.
The new tax, and the still-developing ideas for how to spend the money, signal a sea change in Portland politics.
At its core, the concept transfers wealth from big corporations such as Walmart to low-income Portlanders of color. It's a local version of the Green New Deal proposed in 2019 by U.S. Rep. Alexandria Ocasio-Cortez (D-N.Y.). It's also part of a larger political effort to reshape who calls the shots—and who benefits—in America's whitest big city.
(Excerpt) Read more at wweek.com ...
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.
“ i wonder how many audits they ACTUALLY did for that $30 million dollars? ...”
I’m guessing 3.
L
Go broke.
What’ s scary is other blue states will follow.
You bet. If they have multiple locations they may keep only the most profitable and close the others, or just move out entirely.
There is no such thing as a corporal or business tax. The end user pays all.
We need a tax to stamp out Communism.
If you espouse Marxism we’ll just take all of your money.
Between the royalties for the cover songs on their albums and the 95% confiscatory tax rate, I don’t think the Beatles actually made much money in their first year of fame.
They did Help! as a tax holiday.
Also I don’t know how much they made from the toys, posters, bubble gum cards, etc. Elvis was similarly marketed, one of those two acts gave the license with very little return.
Cut one, side one of the greatest pop album ever made.
(Had Penny Lane and Strawberry Fields Forever been included on Sgt. Pepper's, it would slide down to number two)
At least now they are dropping the mask of the true intention of the green movement. It’s about wealth redistribution and nothing more.
Sure
But corporate income taxes are still a far better way of collecting taxes than a tax on personal wages. That and sales tax and poll tax are about the only taxes which do not penalize work, savings and middle class wealth accumulation.
While there are a few places rooftop solar will pay for itself in a reasonable time, Portland isn’t one of them. You need both lots of sun (insolation) and expensive power. Portland has neither high insolation, nor high electricity prices. Solar would never pay for itself. The only other significant factor is of course, government subsidies. Free panels pay for themselves rather quickly (with other people’s money).
so you don’t get this bennie unless you are “of color?”
No other poor may apply?
Its progenitor on the East Coast is doing the same thing.
Horrible and happening so fast.
In other news; big retailers expect prices at their stores to rise by at least $60,000,000 total (plus handling costs) at their stores this year.
They anticipate it may even be higher in the years to come. Customers have made no comments as yet.
The goal is to continue to soak the OLD source of money from which politicians and their donors can steal even more.
BETTER??
I'd say it's a way to HIDE the fact that the consumer is paying the taxes; NOT the corporation!
It is NOT pronounced Niggle Jackass!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.