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Wednesday, January 27, 2010

Laughing at the hippies

I have to admit that I do find this sort of self-destructive political action to be amusing:
On Tuesday, unions in Oregon won a charred earth victory that will drive already troubled Oregon, straight off the cliff. Oregon voters passed Measure 66 which raises tax rates on individuals who earn more than $125,000 and couples with incomes greater than $250,000. Voters also passed Measure 67 which increases business taxes.
The worst thing is that Measure 67 taxes gross revenue. So, if a business is losing money, it still has to try to come up with money from somewhere in order to pay its tax bills. Or, it could just, you know, close. I wonder what will happen to the Oregon unemployment rate? I mean, who could possibly foresee what the consequences of tax hikes in a difficult economic environment might be.

And when Portland looks like Detroit, the stinking, filthy left-wing masses will rage at the evil John and Jane Galts who either left or quit working in order to sustain them. I can't believe that anyone still believes in the myth of progress after watching people voluntarily commit the same idiocies over and over and over again.

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