Portland To Tax Companies That Have Outrageous CEO-Worker Pay Gaps

[Weatherman2020]

Might soon a lot of companies moving out of that city and even the state. Might consider Florida where there is no state income tax

They'll just move down the street to Beaverton.

 

[Ray From Cleveland]

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland


Unbelievable trying to tell someone how much he can make


This is going to totally backfire.


Lol


.

Walking Tall by Walking All Over People

The corporate Greedhead parasites tell people what they can make all the time. Man against Millionaire is not a bargaining position that their employees should have to put up with.

Then they should start their own company and pay their employees whatever they desire.

 

[The Sage of Main Street]

Portland used to be the best city in America to live in, then a million or so gays and freaks from California invaded and took over. Now its a cesspool of freaks and illegals, trust me on this it's a lost cause.

Saying That the Rich Create Jobs Is Like Saying That Vampires Create Blood

Criticizing Portland's decadence has nothing to do with justifying corporate greed. But the untold story is that all degenerate movements are led by the spoiled putrid sons and daughters of the corporate GreedHeads. The right of the rich to finance their brats' position in the next generation is as overreaching as giving them the right to sex on demand with their employees. But bootlickers would grant their workplace Masters that, just like their ilk of serfs did during the Middle Ages.

 

[The Sage of Main Street]

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland


Unbelievable trying to tell someone how much he can make


This is going to totally backfire.


Lol


.

Walking Tall by Walking All Over People

The corporate Greedhead parasites tell people what they can make all the time. Man against Millionaire is not a bargaining position that their employees should have to put up with.

Then they should start their own company and pay their employees whatever they desire.

Owners Aren't Earners

So if someone steals my wallet, I should just steal someone else's wallet instead of trying to stop theft?

 

[Ray From Cleveland]

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland


Unbelievable trying to tell someone how much he can make


This is going to totally backfire.


Lol


.

Walking Tall by Walking All Over People

The corporate Greedhead parasites tell people what they can make all the time. Man against Millionaire is not a bargaining position that their employees should have to put up with.

Then they should start their own company and pay their employees whatever they desire.

Owners Aren't Earners

So if someone steals my wallet, I should just steal someone else's wallet instead of trying to stop theft?

Who are they stealing from?

 

[BluesLegend]

Portland used to be the best city in America to live in, then a million or so gays and freaks from California invaded and took over. Now its a cesspool of freaks and illegals, trust me on this it's a lost cause.

Saying That the Rich Create Jobs Is Like Saying That Vampires Create Blood

Criticizing Portland's decadence has nothing to do with justifying corporate greed. But the untold story is that all degenerate movements are led by the spoiled putrid sons and daughters of the corporate GreedHeads. The right of the rich to finance their brats' position in the next generation is as overreaching as giving them the right to sex on demand with their employees. But bootlickers would grant their workplace Masters that, just like their ilk of serfs did during the Middle Ages.

So you are a liberal drone, that's all you had to say I'm a corporate hating liberal drone with an IQ below 80. #EYEROLL

 

[The Sage of Main Street]

Why don't democrats just come clean and admit they're communists?

Karl Marx Was the Sex Slave of a Patty Hearst Type Duchess

Why don't the Communists come clean and admit that they're the spawn of the rich who plotted their anti-democratic takeover at the obsolete aristocratic university? Their unearned birth privileges gave them their Born to Rule attitude. History proves that no one over 18 has a right to any of his Daddy's money; that's for children. If we have to do it on our own, so must they. Rich kids block our way and must be removed.

 

[Wyatt earp]

Why don't democrats just come clean and admit they're communists?

Karl Marx Was the Sex Slave of a Patty Hearst Type Duchess

Why don't the Communists come clean and admit that they're the spawn of the rich who plotted their anti-democratic takeover at the obsolete aristocratic university? Their unearned birth privileges gave them their Born to Rule attitude. History proves that no one over 18 has a right to any of his Daddy's money; that's for children. If we have to do it on our own, so must they. Rich kids block our way and must be removed.

So the tax payers get his money after its already been taxed?

 

[Cellblock2429]

Portland could generate up to $3.5 million in annual revenue from this new tax.

The progressive city is ramping up its fight against income inequality while increasing annual revenue by as much as $3.5 million.

In an effort to combat income inequality, Portland, Oregon, on Thursday became the first jurisdiction to adopt a tax penalty on companies with excessive CEO-worker pay gaps.

Under the new law, companies doing enough business in Portland to pay the city’s business fee will be taxed an additional 10 percent if their CEO makes 100 times what median workers earn ― and an additional 25 percent if they make 250 times more.

“This is meant to be a signal that these kinds of ridiculous [pay] ratios are unacceptable,” Portland’s city commissioner Steve Novick told The Huffington Post. “You do not do better as a company because you decide to pay outrages salaries to your CEOs.”

The law will go into effect next year, and Novick said the tax could generate up to $3.5 million in annual revenue for the city.

Sarah Anderson, co-editor of Inequality.org at the Institute of Policy Studies, believes the legislation could “spread like wildfire” to other cities across the nation.

“People are now even more skeptical that anything will happen at the federal level to reduce inequality,” Anderson told HuffPost on Thursday.

She said the threat of “draconian cuts to the social safety net” during a Donald Trump presidency could push leadership from other cities to explore similar innovative sources of revenue.

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland​

More than 500 companies will be affected by the new rule, including Walmart, Honeywell, Goldman Sachs, Wells Fargo and General Electric, according to a statement from IPS.

More: Portland To Tax Companies That Have Outrageous CEO-Worker Pay Gaps

Thank you, Portland. Hopefully many more areas will follow your lead.

It's none of Portland's business what a private company pays their CEO - but understanding that business owners are ten times smarter than idiot politicians, they will find a way around this Communist ploy.

 

[rahtruelies]

Portland could generate up to $3.5 million in annual revenue from this new tax.

The progressive city is ramping up its fight against income inequality while increasing annual revenue by as much as $3.5 million.

In an effort to combat income inequality, Portland, Oregon, on Thursday became the first jurisdiction to adopt a tax penalty on companies with excessive CEO-worker pay gaps.

Under the new law, companies doing enough business in Portland to pay the city’s business fee will be taxed an additional 10 percent if their CEO makes 100 times what median workers earn ― and an additional 25 percent if they make 250 times more.

“This is meant to be a signal that these kinds of ridiculous [pay] ratios are unacceptable,” Portland’s city commissioner Steve Novick told The Huffington Post. “You do not do better as a company because you decide to pay outrages salaries to your CEOs.”

The law will go into effect next year, and Novick said the tax could generate up to $3.5 million in annual revenue for the city.

Sarah Anderson, co-editor of Inequality.org at the Institute of Policy Studies, believes the legislation could “spread like wildfire” to other cities across the nation.

“People are now even more skeptical that anything will happen at the federal level to reduce inequality,” Anderson told HuffPost on Thursday.

She said the threat of “draconian cuts to the social safety net” during a Donald Trump presidency could push leadership from other cities to explore similar innovative sources of revenue.

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland​

More than 500 companies will be affected by the new rule, including Walmart, Honeywell, Goldman Sachs, Wells Fargo and General Electric, according to a statement from IPS.

More: Portland To Tax Companies That Have Outrageous CEO-Worker Pay Gaps

Thank you, Portland. Hopefully many more areas will follow your lead.

Sounds like a lot of companies will be boycotting Portland.

 

[rahtruelies]

Might soon a lot of companies moving out of that city and even the state. Might consider Florida where there is no state income tax

They'll just move down the street to Beaverton.

or perhaps the companies could work with Trump and the Border Patrol to make the Portland city limits the concentration area for all detained aliens and 'refugees' with the suckers of Portland stuck with the bill.

 

[Tom Horn]

Portland is also about to be cut off from federal funds for being a sanctuary city.....socialism dies when it runs out of other people's money.

 

[initforme]

Corporations run this country. Case closed. A worker making 8 bucks an hour should be thankful. Lmao at this.... Most ceos are beyond lazy. Stake my home on it.

 

[whitehall]

Last I heard Portland. Or. was the center of the socialist activist OWS movement. My guess is that they will glean about a million dollars or so of confiscated revenue before corporations start leaving the city after Trump opens up the rest of the Country for capitalist investment.

 

[HenryBHough]

Would the last employed person leaving Portland please turn off the lights? The welfare remainders can't afford electricity.

 

[Tresha91203]

Liberals seem to have a conviction that the creation of industry, products and services come from the poor and indolent.

It is more that they believe businesses exist to meet the workers' needs rather than the way it actually is (employee is there to perform a duty to the employer for agreed upon pay).

 

[whitehall]

After the Trump victory, petulant pot head Jerry Brown declares California a "sanctuary state" and Portland Or. goes socialist. The insanity goes on and on.

 

[initforme]

Boy you people hate workers. You utter hatred of labor is pathetic on your part.

 

[westwall]

Portland could generate up to $3.5 million in annual revenue from this new tax.

The progressive city is ramping up its fight against income inequality while increasing annual revenue by as much as $3.5 million.

In an effort to combat income inequality, Portland, Oregon, on Thursday became the first jurisdiction to adopt a tax penalty on companies with excessive CEO-worker pay gaps.

Under the new law, companies doing enough business in Portland to pay the city’s business fee will be taxed an additional 10 percent if their CEO makes 100 times what median workers earn ― and an additional 25 percent if they make 250 times more.

“This is meant to be a signal that these kinds of ridiculous [pay] ratios are unacceptable,” Portland’s city commissioner Steve Novick told The Huffington Post. “You do not do better as a company because you decide to pay outrages salaries to your CEOs.”

The law will go into effect next year, and Novick said the tax could generate up to $3.5 million in annual revenue for the city.

Sarah Anderson, co-editor of Inequality.org at the Institute of Policy Studies, believes the legislation could “spread like wildfire” to other cities across the nation.

“People are now even more skeptical that anything will happen at the federal level to reduce inequality,” Anderson told HuffPost on Thursday.

She said the threat of “draconian cuts to the social safety net” during a Donald Trump presidency could push leadership from other cities to explore similar innovative sources of revenue.

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland​

More than 500 companies will be affected by the new rule, including Walmart, Honeywell, Goldman Sachs, Wells Fargo and General Electric, according to a statement from IPS.

More: Portland To Tax Companies That Have Outrageous CEO-Worker Pay Gaps

Thank you, Portland. Hopefully many more areas will follow your lead.

How does that help anything?

Jesus christ they are more greedy then the CEOs..

Do you understand that?



.

Is the math over your head?

It's certainly over yours.

 

[initforme]

Why the anti worker stance? To me nothing under 20 bucks per hour includes a person working hard unless you are a slavery proponent.