I can't believe this ... there were actually people out there who did not recognize that my post yesterday was a parody? No, there is not a Vancouver dermatologist named Jim Dunning leading a pack of precisely 632 Washington businesses across the river, and no, Governor Kulongoski did not really announce that Measures 66 and 67 were a ploy to highlight our low business taxes as a way to recruit Washington businesses. But it is true that Washington State has a big fat gross receipts tax, which was just increased for service sector businesses, and the idea that tax policy would turn Washington State into a barren business-free wasteland makes much more sense than the idea that Measures 66 and 67 will turn Oregon into a barren business-free wasteland. FYI, Ben Jacklet, managing editor of Oregon Business magazine (!), wrote on March 31: "I still am lacking the name of a single job-creating investor or executive who is in fact leaving Oregon because of Measures 66 and 67." (Maybe someone has already mentioned that on BlueO; if so I apologize for being duplicative.)
Oh, it is also true that Governor Kulongoski says "actually" a lot. In fact I think he's got me doing it, adding that habit to my overuse of the word "basically." So that part of my post was intended to be true to life - but not literally true.
In other news from across the nation, yesterday the New York Times reported that one Richard B. Rich, a New York hedge fund manager with a daughter at Brown and a son at Cornell, has decided that in light of the health care bill, which applied the Medicare tax to capital gains (and therefore to the income of hedge fund managers which is treated as capital gains), his after-tax compensation is no longer sufficient to provide him an incentive to keep working. Mr. Rich has abandoned his condo on Central Park West and his house in the Hamptons and has applied for low-income housing; son Calvin and daughter Gloria are transferring to CCNY.