- Eye on Media
As two of our county commissioners prepare to make another fact free policy decision and award property tax abatement to a foreign corporation it should be noted that income inequality has grown astronomically as a result of tax cuts. David Cay Johnston reports the 74 people in the US making more than $50M a year saw their wages increase from $91.2 million in 2008 to $518.8 million in 2009.
…We have created a tax system that changes continually as politicians manipulate it to extract campaign donations. We have enabled ‘‘free trade’’ that is nothing of the sort, but rather tax-subsidized mechanisms that encourage American manufacturers to close their domestic factories, fire workers, and then use cheap labor in China for products they send right back to the United States. This has created enormous downward pressure on wages, and not just for factory workers.
Meanwhile, the rest of us have seen our paychecks dwindle to about $500 per week compared to the $10M per week of the top 74 wage earners in the US.
Despite admitting they have no idea how the improvements will be valuated by the Oregon Dept of Revenue, two of our commissioners, Nikki Whitty and Kevin Stufflebean (Mr Uncredible), believe granting favors to ORC, at taxpayer expense is a good idea.
What is in it for the taxpayer? Not jobs, Dan Smith already publicly bragged they pay higher wages because the Operating Engineers Union requires it. It isn’t to draw ORC here, they have to be here for the ore. It isn’t the $60,000 annual payment Nikki negotiated because that doesn’t even cover the full cost of operating a new deputy AND they admit they really have no idea how much they are giving up in annual tax. Further, we have no idea if ORC will be in business long enough to ever pay taxes.
So why are two of our county commissioners giving favors to a foreign strip mining company?