Portland Asks Businesses to Move Elsewhere

Jon Alternative Media, Economy

Okay, maybe not exactly. They are using state coercion to force companies not to pay their CEOs more than 100 x the companies’ median employee. Businesses in Portland, OR, who pay such “too high” salaries to their CEOs will be hit by a 10% surcharge on their taxes. This, if policy-makers and other economic illiterates are to be believed, will make Portland more equal.
They probably think businesses will stay in Portland, and possibly even move to Portland, despite this new rule.

This post was published at Ludwig von Mises Institute on December 10, 2016.