this post was submitted on 22 Sep 2024
225 points (99.1% liked)

Oregon

431 readers
8 users here now

Welcome! Alternative to Oregon Reddit on Lemmy.

Here you can post anything about Oregon State.

Active stats from all instances

/c/oregon@sh.itjust.works

Created on July 7th, 2023

Subscribers: 336

User Guide

https://join-lemmy.org/docs/introduction.html

c/Oregon Rules

1. Server Main Rules

The main rules of the server will be enforced stringently.

https://sh.itjust.works/

2. No brigading/ harassment/ usernames, etc.

All usernames and display names must be censored, unless it's a well known public figure.

Do not:

Encourage the brigading or trolling of other communities. Harass/mass ping. Use racist language. Post about getting banned on other communities.

3. No spam or reposts + limit off topic comments

Discussion is healthy.

However, spamming posts will be removed. Reposts will be removed with the exception of a repost becoming the main hub for discussion on that topic.

Off topic comments that do not pertain to the post at hand may be removed if it is deemed they contribute nothing and/or foster hostility at users. This mostly applies to political and religious debate, but can be applied to other things at the mod's discretion.

4. Post must have Oregon explicitly involved

Post must have Oregon explicitly involved in some capacity. This can be talking about oregon, a city in Oregon, laws, and ext.

5. Educate don’t attack

No mocking, demeaning, flamebaiting, purposeful antagonizing, trolling, hateful language, false accusation or allegation, or backseat moderating is allowed. Don’t resort to ad hominem attacks against another user or insult other people, examples of violations would be going after the person rather than the stance they take.

If we feel the comment is uncalled for we will remove it. Stay civil and there won't be problems.

6. No Advertising

Under no circumstance are you allowed to promote or advertise any product or service

8. No factually misleading information

Content that makes claims or implications that can be proven false or misleading will be removed.

8. No Editorialized Headlines

Please try and keep headlines similar to the source articles headlines.

9. No Political Ads or Posts

No political ads of any type are to be posted on r/oregon. Discussion is fine. This includes Oregonians' posts telling people who or what to vote for.

No "vote for" No “vote yes/no”


Other Communities

c/pnw@lemmy.world

c/eugene@lemmy.world

c/springfieldor@lemmy.world

c/bend@lemmy.world

c/beaverton@lemmy.world

founded 1 year ago
MODERATORS
 

If approved, Measure 118 would institute a 3% tax on most corporations’ total sales in Oregon above $25 million and distribute the money equally among residents of all ages and incomes. The system would go into effect next year.

you are viewing a single comment's thread
view the rest of the comments
[–] empireOfLove2@lemmy.dbzer0.com 3 points 1 month ago (1 children)

I'm largely opposed to it. Because it's (seemingly intentionally) mis-marketed as a corporate tax when it is definitely by any sense of the word a sales tax. Sales taxes on gross receipts are inherently regressive and passed onto those consumers who are dis-proportionally impacted more the lower their income.

[–] LwL@lemmy.world 12 points 1 month ago (1 children)

The impact in this case benefits lower income people as the proceeds are distributed equally regardless of income level. Though it does feel like it couldve just been an income tax.

[–] empireOfLove2@lemmy.dbzer0.com 2 points 1 month ago* (last edited 1 month ago) (1 children)

Supposedly. My other problem is sales on all gross receipts multiply on finished goods. as now you're charging 3% on raw materials, 3% on any intermediate goods, and 3% on final products, plus whatever % the companies are going to redirect to administer the collection of the tax... so what was a reasonable tax at first now results in a possible 9% or more increase in costs on all finished goods, which further eliminates a lot of the lower income benefit.

It would have been fine if it was a profit tax, since the point of profit taxes is to disincentivize profit hoarding and promote reinvestment/wage growth. Thats why the ridiculously high federal marginal corporate tax rates of the 50s and 60s actually worked, businesses would make more overall by keeping profits (percentage wise) low but reinvesting their excess in the business and their workers.
Of course theres a downside on profit taxes too, if implemented in this manner, they have the additional knock on effect of driving business (and higher paying jobs) away from the state and are harder/way more expensive to quantify/administer if you want to do it per product sold in the state.

I fully expect to get railed in the ass by the average Lemmy left-winger by this but I'm honestly not voting for it.

[–] dil@lemmy.world 2 points 1 month ago

Not to rail you in the ass, but why isn't this making the perfect the enemy of the good?

The benefit to low-income families seems massive, and it's hard for me to accept that taxing revenue instead of profit is enough of a marginal negative to outweigh that benefit.