Chicago Mayor Tries to Poach Oregon Companies because of Measure 66

[The_Lillard_King]

What does rest of the nation know that 54 percent of Oregonians don't? That businesses and individual employers have options... and will choose to locate where public policies (including tax policies) stimulate innovation and growth.

The results of Oregon Ballot Measures 66 and 67 have left many of our nation's leaders shaking their heads in disbelief. Now that amazement has turned into economic opportunism. Richard M. Daley, Democrat and Mayor of Chicago sees Oregon's tax misstep as a real and immediate opportunity for his city. Here's an excerpt from a Chicago Sun-Times article entitled "Daley wants to raid Pacific Northwest Talent"Chicago Mayor Daley said Thursday he’s coming after businesses in the Pacific Northwest, emboldened by what he considers Oregon’s head-scratching decision to approve higher taxes on big corporations and big wage-earners.

“What happened in Oregon is not good news for Oregon. They believe that anybody who makes $125,000 or more [annually] or businesses or anyone who makes $250,000 — they’re gonna start taxing them. They call them ‘rich people,’ ” the mayor said.

“I’ve always thought America stands for [rewarding success]. You finish high school. You work hard, go to college and you hope to succeed in life. I never knew it’s a class war—that those who succeed in life are the ones that have to bear all the burden. I never realized that. It will be a whole change in America that those who succeed and work hard [that] we’re gonna tax ‘em more than anyone else.”

Daley said Oregon’s tax blunder spells opportunity for Chicago.

“It will help our economic development immediately. You’d better believe it. We’ll be out in Oregon enticing corporations to relocate to Chicago. I’ll be very frank. I make no bones about that. If those states want to do that, so be it,” he said.






http://thinkoregon.squarespace.com/...ns-tax-missteps-turn-into-chicagos-gains.html

 

[The_Lillard_King]

You know which company the mayor is going after . . . the only fortune 500 company left in Oregon whose leader vigorously fought the public employee union to try and have the measure defeated. The company that sits in a city wehre the mayor has a press conference to rebut what the mayor of chicago said . . . . . . Nike.

Some say it is inevitable that Nike leaves and the only thing keeping the company here is Phil's ties to the Ducks. Let's hope Phil is a sentimental one, because Nike and Chicago . . . I don't even want to think about it.

 

[Eastoff]

so you're saying he's helping our hotel industry?

 

[The Sebastian Express]

Thanks everyone who voted yes on this.

 

[maxiep]

C'mon. It's ridiculous to think that Chicago could ever poach the headquarters of a company based in the Northwest...just ask Seattle.

Remember, it was only fair businesses and the "rich" pay "just a little bit more". It looks like they'll be paying just a little bit more on the Magnificent Mile.

 

[MARIS61]

so you're saying he's helping our hotel industry?

repped.

Nike belongs in Chicago.

Phil Knight is a morally bankrupt, child-enslaving leech who has never paid his way in Oregon through taxes or employment opportunities.

He should be in prison, but I'd settle for Chicago.

 

[MARIS61]

Thanks everyone who voted yes on this.

You're welcome.

 

[MARIS61]

“What happened in Oregon is not good news for Oregon. They believe that anybody who makes $125,000 or more [annually] or businesses or anyone who makes $250,000 — they’re gonna start taxing them. They call them ‘rich people,’ ” the mayor said.”

Somebody is a little out of touch with the people he was elected to serve. I guarantee over 90% of Chicagoans call them "rich people" also.

 

[maxiep]

repped.

Nike belongs in Chicago.

Phil Knight is a morally bankrupt, child-enslaving leech who has never paid his way in Oregon through taxes or employment opportunities.

He should be in prison, but I'd settle for Chicago.

I wonder how many Nike employees have purchased second homes in Beautiful Central Oregon?

 

[maxiep]

“What happened in Oregon is not good news for Oregon. They believe that anybody who makes $125,000 or more [annually] or businesses or anyone who makes $250,000 — they’re gonna start taxing them. They call them ‘rich people,’ ” the mayor said.”

Somebody is a little out of touch with the people he was elected to serve. I guarantee over 90% of Chicagoans call them "rich people" also.

In the Chicagoland area, $125K doesn't get you very far.

 

[Buzz Killington]

In the Chicagoland area, $125K doesn't get you very far.

Actually, it does. Real estate is pretty comparable to Portland, at least in downtown chicago. The suburbs are fucking hell. chicago lacks creative talent required for a company like Nike or Wieden/Kennedy.

 

[The Sebastian Express]

I wonder how many people who voted yes really thought through just how many jobs would be lost.

 

[maxiep]

Actually, it does. Real estate is pretty comparable to Portland, at least in downtown chicago. The suburbs are fucking hell.

And how many years did you spend living in Chicago?

 

[Buzz Killington]

And how many years did you spend living in Chicago?

15.

 

[maxiep]

I wonder how many people who voted yes really thought through just how many jobs would be lost.

No one. Someone else pays. We're all getting stuff for free!

 

[Buzz Killington]

seriously though, condo prices in downtown chicago weren't too bad. things were cheapish. suburbs are really really cheap. I just have a lot of family there.

i don't dig the city all that much, portland is so much better.

 

[maxiep]

15.

Where? I lived in Hyde Park, Lincoln Park and Rogers Park. Seriously, my buddy just bought a place Lakeview in a six-flat in the rear, two bedrooms, $887,400. The equivalent location and type of condo would cost $200K in Portland.

 

[maxiep]

seriously though, condo prices in downtown chicago weren't too bad. things were cheapish. suburbs are really really cheap. I just have a lot of family there.

i don't dig the city all that much, portland is so much better.

Where? Streeterville? Gold Coast? Old Town? West Loop? All those neighborhoods are crazy expensive for anyone who doesn't live in NY, DC, Boston, San Francisco or LA. Fuck, even Cabrini Green is expensive nowadays.

 

[The Sebastian Express]

No one. Someone else pays. We're all getting stuff for free!

It's always an easy train of thought to demand that the rich pay more, and big companies pay more. I'm all for that happening voluntarily and humans helping each other out. I just don't see how people could vote yes on this though. The economy is still bad, jobs are hard to come by, and companies don't want to take hits to their bottom line. What did people think was going to happen? That they were going to smile and take the hits while other states laid out good offers to them?

I guess if this goal was to get people in other states jobs it's going to work out well. I'd personally rather that more people in Oregon stay employed and companies continue on their old taxes than Oregon's unemployment rate raise even further.

So unfortunate.

 

[Buzz Killington]

Where? I lived in Hyde Park, Lincoln Park and Rogers Park. Seriously, my buddy just bought a place Lakeview in a six-flat in the rear, two bedrooms, $887,400. The equivalent location and type of condo would cost $200K in Portland.

Hold on, I'm googling neighborhoods.

I never lived there, but my aunt/uncle here bought a condo there for like 500k, it was really nice and i thought it was pretty good for the money (it was just outside of Hyde Park in one of those highrises).

Cousin lives somewhere on Racine (yeah, its a long street) and got a pretty nice condo for under 300k...newer building too....

just seemed like some good values there.

 

[maxiep]

Hold on, I'm googling neighborhoods.

I never lived there, but my aunt/uncle here bought a condo there for like 500k, it was really nice and i thought it was pretty good for the money (it was just outside of Hyde Park in one of those highrises).

Cousin lives somewhere on Racine (yeah, its a long street) and got a pretty nice condo for under 300k...newer building too....

just seemed like some good values there.

Hyde Park in Portland would be equivalent to St. John's. As for Racine, it's like saying "I bought on 99E"--meaning it's a LOOOONNNNNGGG street.

 

[Buzz Killington]

oops, not Hyde Park..grant park. Right off Michigan Ave.

 

[barfo]

The ranking that puts Oregon as the 14th best business tax state puts Illinois at #30. Yeah, we should be shaking in fear of Chicago.

barfo

 

[maxiep]

oops, not Hyde Park..grant park. Right off Michigan Ave.

BIG difference. The South Michigan area was struggling but has been up and coming for about a decade. It's really safe because Son-of-Hizzoner lives in the neighborhood, so cops are always around.

 

[maxiep]

The ranking that puts Oregon as the 14th best business tax state puts Illinois at #30. Yeah, we should be shaking in fear of Chicago.

barfo

Illinois is a big state. Also, you assume businesses are treated equally throughout Illinois; they're not. There, the government is willing to work with business to attract companies. It's why Chicago has so many headquarter locations.

 

[Buzz Killington]

BIG difference. The South Michigan area was struggling but has been up and coming for about a decade. It's really safe because Son-of-Hizzoner lives in the neighborhood, so cops are always around.

Yeah, it's a phat pad...up on like the 53rd floor or something rediculous....i couldn't believe it was only $500k.




http://www.homeinsight.com/home-value/il/chicago.asp

The median house is like $240k in Chicago.

Its a midwest city, housing isn't as expensive as costal cities. It didn't seem that expensive to live there....my cousins make good money there and live it up pretty well.

 

[barfo]

C'mon. It's ridiculous to think that Chicago could ever poach the headquarters of a company based in the Northwest...just ask Seattle.

Yes, Boeing HQ fled Seattle because the executives were tired of paying that incredibly burdensome 0% WA income tax.

So they moved to Chicago, where they now pay 3% income tax on their very large salaries.

I could be wrong, but I think this might suggest that they moved for reasons other than taxes.

barfo

 

[Buzz Killington]

To me, Chicago is a lot of finance and a lot of blue collar type of work. dunno, don't see a company like Nike really thriving there.

 

[barfo]

Illinois is a big state. Also, you assume businesses are treated equally throughout Illinois; they're not. There, the government is willing to work with business to attract companies. It's why Chicago has so many headquarter locations.

Illinois is a big state, but state taxes are presumably levied equally throughout the state. I wasn't addressing how companies are treated, that's a different subject. I certainly wouldn't deny Chicago has various benefits to offer a company - as does Portland.

barfo

 

[maxiep]

Yeah, it's a phat pad...up on like the 53rd floor or something rediculous....i couldn't believe it was only $500k.




http://www.homeinsight.com/home-value/il/chicago.asp

The median house is like $240k in Chicago.

Its a midwest city, housing isn't as expensive as costal cities. It didn't seem that expensive to live there....my cousins make good money there and live it up pretty well.

I look at roughly equivalent neighborhoods and try to price them.

Lake Oswego/West Linn = Evanston/Winnetka/Lake Forest

Schaumburg = Beaverton

Gold Coast = Pearl

Northwest 23rd = Lincoln Park/Wrigleyville

In every case, the equivalent home is more expensive in Chicagoland. If you're willing to live far, far out, you can have a nice house on a nice piece of land for a reasonable price.