Tag Archive: Oregon


Almost DailyBrett’s super-smart tax accountant moved from California to … Nevada.

Wonder why?

How many other wise people did the math, followed in her footsteps, and made a move in their best lifestyle and financial interests?

Let’s see, the state income tax in California is the nation’s highest, maxing at 13.3 percent … for now. Yikes.

The state income tax in Nevada is … nada.

Hmmm … given a choice … what action will a clever tax accountant with disposable income make? Ditto for anyone else with a brain and a pulse.

Growing up, your author read countless accounts about people for decades pulling up stakes in the rust belt and setting sights for the sun belt.

That trend continues unabated today except when it comes to one sun belt state in particular, California.

After the upcoming 2020 decennial Census, the Golden State is projected to lose a seat in Congress (and a corresponding electoral vote) for the first time in its 171-year history.

California Governor Gavin Newsom and other Sacramento rocket scientists are desperately trying to ensure an accurate count to avoid the indignity under their watch associated with losing an electoral vote.

Let’s see, California with 12 percent of the nation’s population is the “home” to 22 percent of the nation’s homeless. Can California count those who don’t have a home — even newly arrived homeless — as residents? What about those who came across a Southern border … ? Count the names on the tombstones?

Oh heck, let’s just slap on a few more social engineering regulations (e.g., rent control, solar panel installation requirements) and raise taxes again and again … and pretend what’s happening is not happening.

Which State Gains From California’s Diaspora?

We know from CNBC’s Robert Frank that population outflows are costing New York $10 billion in revenues (largest hit in the nation), and Florida is gaining $16 billion in increased revenues as a result of in-migration.

The same report indicated that California is losing $8 billion in state revenues. Those lost souls are no longer in the gravitational pull of the Franchise Tax Board (FTB) and Golden State regulatory social engineers.

California and Alabama (two peas in a pod?) appear to be the only sun belt states slated to lose congressional seats after the next Census.

Conversely, there are nine states in the union with zero state income taxes, and none of them will lose a congressional seat. In fact, Texas is set to gain three congressional seats from 36 to 39, and Florida is expected to add two more from 27 to 29. These two red states are getting politically stronger.

Should we assume that no state income tax Texas or Florida will benefit from California’s lost congressional seat?

Considering that California lost 700,000 residents in 2018 alone, and 86,000 of this number moved to Tejas … the red Lone Star State could be the beneficiary of the blue Golden State’s electoral college loss.

Late last year, retail investment pioneer Charles Schwab announced it will move its corporate headquarters from San Francisco to Dallas. Can you blame them?

Let’s see, the corporate tax in San Francisco is 8.84 percent, Dallas, 0.75 percent. San Francisco also imposes a 0.38 percent payroll tax, and a 0.6 percent gross receipts tax. Typical monthly rents in The City are $3,870 and only $1,200 in Big D.

Looking North, Looking East …

Keep in mind that no sales tax Oregon is expected to gain one congressional seat, raising its number of electoral votes from seven to eight for the 2024 general election. The Grand Canyon State anticipates adding another seat to its congressional delegation, increasing Arizona’s electoral votes from 11 to 12.

To be fair, this Almost DailyBrett analysis needs to acknowledge that California with its gorgeous weather and picturesque coastline, not to mention Silicon Valley, will still have the largest electoral count just with 54 votes, instead of 55.

As a former press secretary for former California Governor George Deukmejian (two terms, 1983-1991), your author noted the Golden State’s Electoral College count was 45 in 1980, 47 in 1984 and 1988, and 54 in 1992. California’s electoral college number jumped nine congressional seats in those heady days, when the state was not raising taxes and not burdening it’s citizens and businesses with onerous regulations and social engineering schemes.

Taxes and rising expenses/burdens are not the only reasons for the flight of California’s Growing Diaspora. Congestion is becoming unbearable with 2 million more joining the commuting ranks since … 2010.

Housing costs are prohibitive, not to mention the property taxes that go alone with these rising market values. The sweet two-bed, one-bath 960-square foot Oakland fixer-upper (see photo above) is on the market right now for … $988,000.

Nice curb appeal.

Some may want to sweep the lost congressional seat under the proverbial rug and recite tired stats about California being one of the largest economies in the world. Almost DailyBrett sees the loss of an electoral vote as the canary in the mine.

People are voting with their feet, and California is the loser … Texas, Arizona, Nevada and Oregon are the winners.

https://www.latimes.com/california/story/2019-12-31/la-me-ln-california-apportionment-2020-census

California likely to lose congressional seat for first time in history after 2020 Census

https://www.dallasnews.com/business/real-estate/2019/12/10/almost-700000-californians-moved-out-of-state-last-year/

https://www.wsj.com/articles/schwab-leaves-san-francisco-for-texas-11574900348

https://almostdailybrett.wordpress.com/2019/06/20/californias-growing-diaspora/

California’s inept central planners

“Oregon is the new Usc on the West Coast … back in my day no one dared recruit So Cal. Now it’s open season and Oregon is hunting.” — National Letter of Intent Day Tweet by USC Heisman Trophy winning QB and now Fox Sports analyst, Matt Leinert

Presumably, these words were mighty difficult for Leinert to write, but the truth is … indeed the truth.

For Almost DailyBrett, Oregon signing Southern California’s best high school football player in 2018 (e.g., DE Kayvon Thibodeaux from Westlake Village) was simply amazing.

For the Ducks to achieve this same distinction two years running (e.g., OLB Justin Flowe from Upland) is beyond comprehension.

Some may contend that Oregon is somehow, someway lucky, and normalcy will eventually return with USC — presumably with a new coach — regaining its rightful place as The Program on the West Coast, if not the nation.

As a former head football manager at USC (BA in Broadcast Journalism) and a former assistant football manager at Oregon (MA in Communication and Society), your author knows a thing or two about these great universities and their football programs.

Your author’s initial observation as a former Baby Boomer Assistant Professor of Public Relations, teaching Millennials for five-years-plus is that tradition doesn’t really matter to Y-Gens born between 1980-2000, let alone the Z-Generation born after the centennial.

Leinert won his Heisman for USC in 2005. The recruits of today were entering kindergarten or first grade when he was hoisting the most famous stiff-arm.

Time flies.

One can argue whether Oregon’s latest five-star stud recruits — Kayvon Thibodeaux, Justin Flowe, Noah Sewell — are Millennials or Z-Gens.

Does it really matter?

What they care about most is what they are experiencing. Their inherited digital native world of social media, smart phones, bitmojis leads to insurmountable interest about what is cool now and better yet, in the future.

Oregon is going to the Rose Bowl … now. Oregon won the Pac-12 … now. Oregon produced the Outland Trophy winner (e.g. LT Penai Sewell) … now. Oregon generated the academic Heisman winner (e.g., Justin Herbert with a 4.01 GPA in science) … now.

Oregon was heading the wrong way just three years ago. Seems like an eternity. Oregon is cool today under the guidance of Coach Mario Cristobal, and most likely Oregon will be cool tomorrow.

The Future Is Now

“They want to play the best teams in the country all the time, and there is no way they are going away from that mentality just to appease … These guys deserve to find out how good they are by playing against the best, so we’re going to continue doing that.” — Oregon Head Coach Mario Cristobal

Next year, Ohio State, Washington, Stanford, Arizona State … and yes, USC … are all making house calls to Autzen Stadium.

The Ducks held serve seven times at Autzen this past season. It will be extremely tough to run the table at home (let alone the road slate) at Autzen in 2020.

Bring it on.

Cristobal is 49-years-young; he looks about 35-years young. He is a former offensive lineman at the University of Miami. Buffed Cristobal appears as if he could play today. He understands beef on both sides of the ball. He is a player’s coach and obviously a masterful recruiter.

Is it any wonder that Oregon’s offensive line produced three All Americas this past season (Sewell, first team, Shane Lemieux, second team, Calvin Throckmorton, third team). Oregon is more than customary speed, the Ducks are bulk as well.

Another under evaluated factor on behalf of Oregon: The Ducks are more than a one-sport school … much more.

The men’s basketball team (e.g., Payton Pritchard) and the women’s basketball team (e.g., Sabrina Ionescu) are both ranked in the Top #10, competing for the respective national championships. The Track and Field program at Oregon is legendary with Hayward Field being upgraded for next year’s Olympic Trials.

And no one can contemplate Oregon these days without mention of billionaire alum Phil Knight and the world’s greatest athletic apparel company, Nike. Reportedly, Washington tried to coerce Nike into paying them more than Oregon. It took two nanoseconds for Nike to decline.

The Huskies are wearing Adidas gear today in the Las Vegas Bowl. Oregon will be sporting Nike swooshes, Just Doing It in the Rose Bowl. Guess that must be the “Washington Way,” watching the Ducks in Pasadena on HDTV.

The Coolness of Pete Carroll

Almost DailyBrett can’t believe that Pete Carroll is 68-years-young, particularly with his always bubbling optimism and his infectious enthusiasm.

Your author will go out on a limb and proclaim no school will ever win the Pac-12 Conference seven years in succession, a feat the USC Trojans under Carroll achieved from 2002 thru 2008, including two national championships.

Alas, USC is no longer cool. Trojan Tradition matters to USC alums, but does it factor with 17-18-year young Z-Gens?

There is no doubt that Oregon is cool.

Can USC be cool again? Can USC be now again? Can USC project the future, again? Can USC lock up Southern California recruiting again?

Will USC ever change its uniforms? Will it put the players’ names on the back of their jerseys? Will the team always wear black shoes?

Alumni may care (too much). Millennials and Z-Gens want cool change.

Coaching matters. USC has not been the same since Carroll left (see Almost DailyBrett blogs on Lame Kiffin) for the Seattle Seahawks after the 2009 season.

Oregon is not the only school, which sports Nike uniforms. The same is true for USC.

Is there another Pete Carroll out there, a special coach that can turn around a program in a single bound? Almost DailyBrett believes that USC will be in the market for just this kind of dude after the 2020 season.

It can be done. Just ask Mario Cristobal and Oregon.

https://bleacherreport.com/articles/2865862-mario-cristobal-says-oregon-wont-schedule-easier-games-in-pursuit-of-cfp-berth

USC loses out on five-star LB Justin Flowe to Oregon on Early Signing Day

Welcome to America’s cul-de-sac: The Pacific Northwest.

There is no state in the nation’s contiguous states, which is located further away from a steady supply of stud football players, let alone media markets, than Oregon.

For the Oregon Ducks, geography could be an easy excuse. Instead, it is a challenge that must and is being surmounted.

Oregon has chosen to compete in terms of marketing, facilities, swagger and success.

Autzen Stadium is rocking on Saturdays, and yet there are some who cannot pronounce the name of the state correctly particularly those east of the Hudson and in bucolic Bristol, Connecticut. … It’s Or-ee-gun.

As a 30-year season ticket holder, Almost DailyBrett was rooting for the Ducks before it was cool.

Your author earned his bachelor’s degree in broadcasting journalism from USC and his master’s degree in communication from the University of Oregon. There is no game that tugs at the heart strings more than when the Ducks and Trojans come together as will be the case this Saturday at the LA Mausoleum.

The illustration of the GPS disparity (e.g., 858 miles) between Los Angeles, California and Eugene, Oregon cannot be minimized. Oregon is the home to 4.19 million souls. The Los Angeles area has 18.79 commuters.

Geography matters.

USC easily has greater access to more stud athletes within a 40-mile radius of its urban campus than Oregon has in a 400-mile radius of its college town setting. Historically, USC recruits and signs more decorated big men on high school campuses than Oregon.

What? Oregon is a 4.5 point favorite over USC in Los Angeles.

How can that be even remotely possible?

Oregon Chose To Compete

Can’t tell you how many times Oregon was confused in the 1990s with … the Beavers.

You can’t tell the difference between “The Jetsons” and “The Flintstones”?

The working pejorative by the lazy sports media was to simply lump the Ducks and Beavers together as … “The Oregon schools.”

Attempting to stay in the game with USC, UCLA, Stanford and Washington for a quarter or two was an accomplishment. If that was indeed the case, the next obvious question was … why bother?

Athletes in Oregon could not practice their game 24,7, 365 because of the state’s wet climate. The team would never prevail. Oregon would never win the conference crown. The Ducks would never go to the Rose Bowl. They would never play for the “Natty.” A Duck would never win the Heisman Trophy.

Whatever happened to all these modern-day Nostradamus,’ who uttered these ex-cathedra proclamations?

Since Almost DailyBrett first purchased his Oregon season tickets and made his initial donation to The Duck Athletic Fund in 1990, the Ducks have won six conference titles. They have played in Pasadena on New Year’s Day four times, winning two. They have competed in the “Natty” twice. And Oregon deity, Marcus Mariota, won the Heisman.

With each accomplishment, Oregon blew away each recruiting disincentive: Can’t work on your game, never will win, never play in a major bowl, never compete for the national championship, will never be in the conversation for the Heisman … let alone win the trophy.

Oregon Reign

It reigns in Oregon. It reigns big time.

Oregon is the ultimate overachiever, not just in football but men’s and women’s basketball and track and field as well.

What are the components of Oregon’s accomplishments?

Marketing: Oregon is forward-looking. Buy the stock. The school doesn’t concentrate on past tradition, but pivots off immediate success to project forward.  Oregon has identified its target audience (high school sophomore and junior studs) with fun football, cool uniforms, playing in ultra-loud Autzen Stadium on national television. The Ducks are cool, and everyone knows it (including those in Seattle and Corvallis). Maybe their images and likenesses of future Ducks will draw the attention of … Nike?

Facilities:  If you build it, will they come? Almost DailyBrett remembers the alumni tent in the gravel parking lot. That mental image was light years ago. Conservatively, Oregon has invested $15 million for the Moshofsky Center (indoor practice facility), $41 million for the John Jacqua (athletic academic support center), $68 million for the Hatfield-Dowlin Complex (football operations center) and $68 million for the expansion of Autzen Stadium.

Kudos for a huge assist from Oregon’s resident alum swoosh billionaire, Phil Knight.

Swagger: The Golden Era of Oregon football has returned. Former lineman Mario Cristobal has brought Alabama smash-mouth football with speed to the perceived soft Pac-12 conference. Cristobal’s energy is infectious. Every potential recruit coming to Eugene, leaves with photos of himself in Oregon football pads with the Nike logo prominently featured. Once again, Oregon is the hunted, not the hunter.

Success: As John Madden once said: “When you win, nobody can hurt you. When you lose, nobody can help you.” After the school’s best-ever results (46-7) during Chip Kelly’s tenure from 2009 – 2012, and recorded three straight conference titles, four BCS bowl games, Oregon fell back into the Pac. Coaching matters.

Oregon comes to the LA Coliseum this Saturday with the wind in its collective sails (5-0 in the Pac-12). The Ducks respect USC, but don’t fear the Trojans. As evidenced by the Washington and Wazzu games, the contest is expected to be close, real close.

One way or the other, Oregon will be competing for conference title on December 6.

Will our fine-feathered friends have a Rosey future? Expect the Ducks to compete like hell for Pasadena, because they can.

https://almostdailybrett.wordpress.com/2019/01/02/the-conference-of-champions/

https://almostdailybrett.wordpress.com/2012/08/16/rooting-for-oregon-before-it-was-cool/

 

On any given autumn Saturday there are seemingly 27 different college football games on nearly a dozen networks, all available in HD with exceptional video and sound.

And let’s not forget the HDTV games on Thursday and Friday nights as well.

For the addictive channel surfing male of species in particular, there are so many games to choose. There are cold microbrews in the fridge, snacks on the table, and an always available WC down the hall, all provided free of charge in HVAC comfort.

Contrast this climate controlled football nirvana with sphincters yelling in your ear, blocking your view, $10 making-love-in-a-canoe beers, lines for the commode, and endless commercial and instant replay reviews on days/nights which can be blistering or freezing and wet.

As a 30-year and counting Autzen Stadium season ticket holder, Almost DailyBrett has been tempted on more than occasion to leave the overpriced tickets (includes the required Duck Athletic Fund donation) on the coffee table, and watch the game in high-definition comfort at home. Wonder how many Oregon fans will take this option this weekend considering that Pac-12 Networks has decided the game against Montana will start … at 7:45 pm PDT, 10:45 pm EDT.

Seriously, how many folks in the Eastern and Central time zones are going to be watching Pac-12 Networks at midnight, when literally millions in the Pacific time zone cannot even access the network because of contractual issues? If the conference can’t be marketed east of the Rockies, then what’s the point of the late kickoff?

We know from the reporting of the Los Angeles Times that way too many UCLA fans are showing up dressed as empty seats at the 80,616 capacity Rose Bowl in Pasadena. Consider the optics last Saturday as an “announced” crowd of 36,000 attended UCLA’s latest loss, this time against juggernaut San Diego State.

Was the Rose Bowl half full or half empty?

Thankfully, this season will be the last in which the Pac-12 “Championship” game will be played in the nearly vacant Levi’s Stadium in gridlocked Santa Clara on a Friday night (December 6). The announced attendance last year was 35,114. How many freebies were given out to pad the crowd?

Do you know Pac-12 Commissioner, Larry Scott?

The only winner was Fox Sports, providing the network with Friday night “programming.” The losers were the Pac-12 teams, the conference and of course, the fans.

The Networks Don’t Care About The Fans

Alabama is playing its September 21 home game against Southern Miss at 11 am local time.

Does anyone at the sports networks have any appreciation for the expected temps in Tuscaloosa, Alabama when the humid sun is nearing its zenith point for the day? Nick Saban is fried about it (pardon the pun), but he and the Alabama administration seem to be powerless to stop the madness.

Alabama is a perpetual national champion from God’s anointed conference, the SEC, and the school can’t convince the networks to find a  broadcast “window” that works for its fans, friends and supporters?

The networks and the universities want the optics and the revenue that comes from packed stadiums, but are seemingly indifferent to the potential of heat stroke/frost bite by fans. And what’s a fan to do?

How about watching the same cupcake, body-bagger game (e.g., Alabama vs. New Mexico State) in air conditioned comfort in High-Def for free?

Almost DailyBrett initially could not believe when one of my USC fraternity brothers announced that he would not be hosting his long-time tailgate parties at the LA Coliseum this fall. Instead, he said he would “Stub Hub” a game or two, and watch the rest of the games in HDTV.

“We also abstained from buying tickets, so, while we may attend a game or two, will be watching most of them at home.”

One may be tempted to dismiss the above story as simply anecdotal. What is not anecdotal is that college football attendance is down for the major conferences, save the ACC.

“What A Better Way To Spend An Autumn Afternoon” — ABC’s Chris Schenkel (1923-2005)

Almost DailyBrett remembers the days when there was exactly one college football game broadcast on Saturday afternoons by ABC.

The supply of the sport was obviously way under the demand, considering the literally millions of Americans who want to follow their alma maters and favorite teams.

Athletic departments needed additional revenues to fund a wide-variety of sports, the majority of which run in the red.

The networks came to the rescue, but predictably there are no free lunches. The “strings” that came with the deal was the loss of total control, particularly when it came to scheduling and kick off times. The universities, their alumni departments, and most of all their fans couldn’t engage in advance planning with game times being announced only six days before.

Almost DailyBrett is heartened by the complaints coming from Nick Saban and others. The universities want alumni and fans on campus. They want them to sing the fight song, hang out at the tailgate parties, buy the expensive jerseys, have a wonderful time and most of all … write checks.

To this date in recorded history, an empty seat or bench has never written a check to a university.

Doubt this empirical fact of life will ever change.

https://www.latimes.com/sports/ucla/story/2019-09-05/ucla-football-attendance-issues-crowded-sports-field

https://www.espn.com/college-football/story/_/id/27581049/alabama-not-happy-start-due-heat

https://www.washingtonpost.com/sports/2019/09/10/alabama-football-is-sick-tired-day-games-would-rather-beat-its-cupcake-opponents-night/

https://almostdailybrett.wordpress.com/2019/08/01/6-a-m-tailgate-parties/

https://almostdailybrett.wordpress.com/2019/01/02/the-conference-of-champions/

 

 

Oregon has long been a taxing problem for California.

Motoring south along Oregon 101 last March, your author noted the strategically located presence of “Stateline Cannabis” about 100 yards north of the California line … and 0.40 mile away the Golden State’s Smith River Agricultural Inspection Station.

Driving my Mazda Miata little green chariot with its Oregon “Pacific Wonderland” plates, your clean-cut Almost DailyBrett author and his wonderful spouse, Jeanne, were simply waved through the inspection station.

Had to think: ‘What’s the point of the California Department of Food and Agriculture’s (CDFA) Smith River Agricultural Inspection Station, if they just send you on your merry way?’

The short answer is California is trying to protect its largest industry – agriculture — from dangerous pests. The question that immediately came to mind: What about Stateline Cannabis’ agricultural products?

Statewide Cannabis describes its business as a homeopathic pharmacy. Does the State of California agree?

Why should the Golden State care?

Oregon has zero sales tax.

In contrast, California has sales taxes up the wazoo, including an incomprehensible 10.5 percent in Los Angeles County.

Immediately germane to the Oregon 101 border region, California’s Del Norte County collects sales taxes of 7.5 percent and Humboldt County, 8.75 percent.

Oregon does charge a 17 percent tax on cannabis sales, including marijuana sold at Statewide Cannabis.

California in turn assesses the statewide sales tax, plus a given county’s portion of the sales tax, a 15 percent excise tax and a cannabis business tax. A $100 retail pot price results in a $124.20 total sales price.

Any which way you assess the question, cannabis is cheaper in Oregon than California.

More to the point, the export of cannabis from Oregon across state lines ist verboten, regardless of the fact that Mary Jane is also legal in Washington to the north and California to the south.

What if the Almost DailyBrett author was sporting a ratty beard and was driving a wreck on wheels with California plates … would he and his wonderful spouse, Jeanne, be merely waved through the Smith River Agricultural Inspection Station?

Don’t think so.

California Sales Tax + Interest for An Oregon Subaru?

Back in the 20th Century, your author purchased a new $16,000 Subaru Legacy as a lawful resident of Portland, Oregon. There were zero sales taxes charged or paid.

As Martha (Stewart) would say: “That’s a good thing.”

Two years later with a move to the Bay Area, there was the necessary evil in the form of an agonizing, mind-numbing and desultory visit to California DMV to register the Subaru and secure its plates and tags.

Houston we have a problem.

The State of California under the aegis of former Governor Pete Wilson’s Department of Motor Vehicles would not register Almost DailyBrett’s Subaru Legacy even though the car was bought legally two years prior in Portland, Oregon with no-sales-tax.

No amount of honey or vinegar was going to change a bureaucrat’s mind that day. It was pound sand all the way.

Pleasanton DMV flat-out refused to register the Subaru and provide the necessary plates and tags unless and until the applicable Alameda County sales tax was paid (presently 9.75 percent) applicable at the time of the sale (forget about depreciation) plus two years of compounding interest.

Your frosted author wrote a four-figure check on the spot in order to register the car. As the say in Avenue Q, it sucks to be me.

You can only imagine the surprise two years later when an unexpected envelope from California DMV arrived in your author’s mail box. California lost a lawsuit and was required to pay back the two years of improperly assessed sales tax, plus interest.

Thank you, Howard Jarvis Tax Association.

The Dynamic Effect of Tax Increases

“The art of taxation consists in so plucking the goose as to procure the largest quantity of feathers with the least possible amount of hissing.” – France Minister of Finance Jean-Baptiste Colbert

“Tax the rich. Tax the rich. Tax the rich. We did. Now, God forbid, the rich leave.” — New York Governor Andrew Cuomo

Almost DailyBrett is not making any aspirations against the folks at Stateline Cannabis, who are making a living selling a once-taboo product.

The inevitable issue is that many Californians will one way or another react and respond to ever-increasing taxes – call it the dynamic effect.

If a short drive over the California-Oregon border will result in paying less … plenty less … for homeopathic pharmaceutical products, don’t you suppose more than a few folks will be naughty rather than nice?

Something tells Almost DailyBrett the Smith River Agricultural Inspection Station is looking for more than hitch-hiking insects.

https://www.statesmanjournal.com/story/news/2018/12/31/oregon-pot-marijuana-exporting-weed-out-state/2415786002/

https://www.wweek.com/news/2018/04/18/oregon-grew-more-cannabis-than-customers-can-smoke-now-shops-and-farmers-are-left-with-mountains-of-unwanted-bud/

https://www.currypilot.com/csp/mediapool/sites/CurryPilot/News/story.csp?cid=4264302&sid=919&fid=151

https://www.salestaxhandbook.com/california/rates

https://www.oregon.gov/olcc/marijuana/Pages/FAQs-Taxes.aspx

https://lumatax.com/blog/california-cannabis-sales-tax-everything-you-need-to-know/

https://mjbizdaily.com/legal-hurdles-interstate-cannabis-exports-oregon/

https://almostdailybrett.wordpress.com/2018/07/23/mary-jane-supply-and-demand/

https://almostdailybrett.wordpress.com/2019/04/01/californias-rarefied-air-tax/

 

“(The intent of the Tax Wall Street Act is to) drive leeches that are front running the market out of business.” – Rep. Peter DeFazio (D-Oregon) on CNBC

Is the Eugene, Oregon-based author of Almost DailyBrett, a lecherous leech?

Your author builds a career. Your author works all of his life. Your author pays his fair share of taxes. Your author chooses the time (2018) and place for his retirement (Eugene).

Sounds good, but …

My congressman, Mr. DeFazio, wants to double tax everyone’s retirement with a 0.1 percent tax on every stock or mutual fund trade we will ever make as long-term investors, conceivably until it’s time to meet our respective makers.

Ostensibly, DeFazio’s tax targets high-frequency/high-velocity investors, many disguised as algorithms. The only problem is his sweeping tax also applies to millions of real middle-class people … including retail investors residing in Oregon’s 4th Congressional District.

All they want to do is invest their already taxed discretionary income to fund their retirement, pay for their children’s education (e.g., University of Oregon) and maybe to pursue their dreams. Alas, Rep. DeFazio has introduced the “Tax Wall Street Act of 2019” with its punitive stock and mutual fund trade tax.

Mr. Congressman, my family is not Wall Street in Manhattan. We are East of Willamette Street in Eugene.

The honorable congressman thinks he is punishing Wall Street, when he instead is taking dead aim at America’s investor class or the 52 percent of Americans (approximately 170 million), who invest in individual stocks or mutual funds.

Many of these mutual fund investment trades are made by pension managers and by individual employee managed 401Ks at work (e.g., public employees, including school teachers). Almost DailyBrett maintains a humble retail account with Charles Schwab. Sorry, no Goldman Sachs for me.

Why are you (DeFazio) sticking a Wall Street tax on all investors who live in your district, and any other investor in every congressional district across the fruited plain?

DeFazio’s Dithering Performance on CNBC

CNBC’s Kelly Evans asked you point blank on “The Exchange” last week why you didn’t “target” high-velocity algorithmic day traders instead of proposing a sweeping tax, which applies to every middle-class investor in the country.

You dithered, Congressman DeFazio. You know, you did.

When Evans inquired about the use of the projected $777 billion in additional revenues, you suggested restoring some of the expanding deficit triggered by tax reform. Congressman DeFazio didn’t know where and how the money will be spent. He only wanted to sock-it to Wall Street and with it, middle-class investors.

Maybe, you should Occupy Wall Street? How did that movement work out?

Fortunately, there are enough adults in the House of Representatives and certainly in the U.S. Senate to ensure this bill goes absolutely nowhere.

Having made this point, the coast is not clear. The mindset of my congressman and his partner in crime, Sen. Brian Schatz (D-Hawaii) and without a doubt many others in positions of immense power, indicates an antipathy to all publicly traded companies (none of which are headquartered in Oregon’s 4th Congressional District).

Every issue large and small seemingly requires the same remedy: a new tax.

Congressman DeFazio, you need to understand that middle-class retirees in your district have already been taxed on their nest eggs. Under your plan, each-and-every-one of your investing constituents will pay an additional tax just for the right to continue to invest their hard-earned money on their futures.

You know you are wrong, but you will piously insist you are right … err correct.

Almost DailyBrett has never been a “high-velocity” trader and never will be.

Just hoping to keep up my velocity for years to come.

https://www.cnbc.com/video/2019/03/08/rep-peter-defazio-on-the-tax-wall-street-act.html

https://www.nationalreview.com/2019/03/wall-street-tax-act-financial-illiteracy-in-congress/

https://www.foxbusiness.com/politics/its-premature-to-start-freaking-out-over-the-wall-street-tax-act-liz-ann-sonders

http://investsnips.com/publicly-traded-companies-in-oregon/

 

 

 

 

Pac-12 Announces First-Ever Football Relegation

Oregon State Football To Join The Big-Sky Conference

San Francisco, CA, November 24, 2018 – Following in the footsteps of major European soccer leagues, the Pac-12 Conference announced today that Oregon State has been relegated to the Big Sky Conference, effective immediately.

In place of the Beavers, the Pac-12 Conference is awaiting the results of the FCS playoffs to determine which Big Sky team will be promoted to replace Oregon State as one of the Power-Five conference’s dozen teams.

“Similar to Chapter 11 Bankruptcy, mandatory relegation affords Oregon State the opportunity to ‘reorganize’ its football program without having to worry about trying to compete with its perceived rival, Oregon,” said Pac-12 Commissioner Larry Scott. “Instead, Oregon State can renew its historic rivalry with in-state commuter school, Portland State.”

Using the model employed by Britain’s Premier League (20 teams) and Germany’s Bundesliga (18 teams), the lowest finishing team(s) is/are “relegated” to the second league, while the lower league promotes its top finisher(s).

Scott said the conference carefully examined the most recent two-year records (i.e., OSU, 1-11, 2-10) and academic/athletic direction of its 12 teams, and inevitably concluded that Oregon State with its solitary Pac-12 win against Colorado and its “victories” against Portland State and Southern Utah justifiably warranted relegation.

 

The Pac-12 conference also announced that Oregon and Washington have shifted their rivalry game to the last game of the season, acknowledging the obvious fact these schools both see each other as their respective number one rival.

A New League, A New Beginning for Benny Beaver

“Our relegation to the Big-Sky conference is a relief for everyone associated with the black-and-orange of Oregon State,” said OSU President Dr. Edward John Ray. “We need to address the futility of attempting to athletically — let alone academically — compete with the standard of excellence set by the University of Oregon. We can now adjust our focus further downward, and match up with schools of commensurate stature (e.g., Weber State).”

New Big Sky Conference Commissioner Tom Wistrcill formally welcomed Oregon State to the FCS conference, and called upon the “Beaver Nation” to envision fan trips to Pocatello, Ogden, Flagstaff and Cheney.

“Having a former Power-Five Conference participant join our league provides hope to our 13 teams that someday one of them will be granted ascension to the Mountain West Conference or maybe even the Pac-12 Conference,” said Wistrcill.

After losing to Oregon 69-10 and 55-15 in the last two years alone (124-25, if you are scoring at home), new Oregon State football coach Jonathan Smith was sober in his assessment of how far the Beavers have fallen.

“Sometimes you have to acknowledge the inescapable reality of our struggling program,” said Smith. “When you can’t compete with them, let alone beat them, and you can’t join them … well you have to ask: ‘How about a new conference?’”

https://almostdailybrett.wordpress.com/2012/02/26/ducks-vs-dawgs-to-end-the-season/

https://almostdailybrett.wordpress.com/2015/11/30/the-world-through-corvallis-eyes/

 

Oregon’s Mary Jane dispensaries are seemingly ubiquitous … They’re everywhere too.

Almost DailyBrett frequently wonders out loud how even über-liberal Eugene can support its preponderance of yoga studios and tattoo parlors.

Keep in mind that yoga mats and ink tats have nothing on Mary Jane.

What happens when a popular product, which was once Verboten and is now decriminalized (read: legal), loses its naughtiness and more than a tad of its hipness (e.g., demand side)?

And at the same time, what happens with the literal explosion of Mary Jane shops, sometimes two-or-more on the same street (e.g., supply side)?

Oregon is not Colorado.

Realtors will tell you that when the supply of houses goes up, the prices at best will stay flat or more likely, they will plunge (e.g., 2005-2010).

And when the supply diminishes and the number of buyers goes north, the prices most likely will go through the roof … no pun intended (e.g., the present).

Is the Mary Jane market a buyers’ market or a sellers’ market? Without a doubt: A buyers’ market.

Reportedly, the growing of Mary Jane in Oregon is three times the amount that legally can be sold.

According to the Bend Bulletin, there is more than 1 million pounds of Mary Jane in the supply chain.

Which brings us to the obvious supply chain question?

How long will it take for the weakest of all the Mary Jane shops (e.g., Economic Darwinism) to start going under?

Will they survive the calendar year? How many will remain? How many will enter the market?

Another question: How many prepared a business plan – yes, a business plan written by an MBA — before taking the plunge into the seven-point-leaf market?

Economies of Scale?

“No Industrialized Weed in the Neighborhood.” – Flatbed Bumper Sticker

Mary Jane may be the Wunder “medicine,” but the Laws of Economics still have this nasty habit of prevailing.

The average gram sale of Mary Jane ($4) is now less than a glass of wine ($8).

Does this price reduction mean that not only are the plethora of Mary Jane shops competing against each other (obvious result when the barriers-to-market-entry are so low), but will they also start cannibalizing the cannabis trade?

How many and who will prevail in an obviously overly saturated market?

Not that many, and those who can, benefit from economies of scale through sheer volume selling. Who will be the Philip Morris of the Oregon Mary Jane market?

Just as some low-barrier-to-market cigarette companies have still thrived by selling in volume even in the face of 400,000 of their customers dying each year, the same demands are placed on Mary Jane shops.

And when it comes to legal intoxicants, Oregon offers easy alternatives in the form of some of the world’s best microbrews – pales, ambers, IPAs, porters, stouts – from Deschutes, Full Sail, Ninkasi, Portland Brewing, Widmer and others.

Each of these brewers has also branched out into pubs, pairing finger-licking food with their own beers.

Did someone mention wine? Oregon has more than its fair share of wine bars and trendy restaurants.

Oregon’s temperate weather and terroirs are conducive to producing some of the best and yummy Pinot Noirs and Pinot Gris from the likes of, A to Z Wineworks, Adelsheim, Duck Pond, Firesteed, King Estate, Knudsen Erath, Rex Hill, Sokol Blosser, Sweet Cheeks, Sylvan Ridge, Willamette Vineyards, Youngberg Hill, and many, many others.

What is the lesson from this Almost DailyBrett epistle, and others that have been written on this subject?

Coolness is fleeting. Economics matter. Competition is inevitable. The Laws of Supply and Demand prevail.

In Oregon’s case, there are oodles and oodles of Mary Jane shops. Three-of-its-four neighboring states (i.e., Washington, Nevada, California) to the north, east and south have legalized cannabis. There is no Mary Jane Tourism to Oregon. That ship has sailed.

You can’t always get what you want, but if you try some time, you just may find, you get more than you need.

https://www.leafbuyer.com/blog/oregon-cannabis-market-in-trouble

https://www.opb.org/news/article/oregon-recreational-cannabis-supply-demand/

http://www.wweek.com/news/2018/04/18/oregon-grew-more-cannabis-than-customers-can-smoke-now-shops-and-farmers-are-left-with-mountains-of-unwanted-bud/

https://www.businessinsider.com/legal-marijuana-states-2018-1

https://almostdailybrett.wordpress.com/2014/01/20/nasdaq-weed/

“I’m in favor of progress; it’s change I don’t like” – Mark Twain

The College Football Playoff is change; it’s not progress.

Instead it has become a shameless vehicle for ESECPN to proclaim the winner of a four-team playoff among the SEC, ACC and maybe the Big-12 as the “national” champion.

If Alabama doesn’t even capture its own division, let alone play and win the Southern Eastern Conference championship … macht nichts … then just place Nick Saban and the Crimson Tide in the College Football Playoff anyway!

What’s the purpose of conference championships?

USC wins the Pac-12 title on a Friday night. Who cares? It’s what happens on the next day that matters.

Ohio State wins the Big 10 title the next day, easily beating previously undefeated Wisconsin. That achievement should matter, until it doesn’t matter.

We all knew when there are five “Power” conferences, and only four playoff slots, one champion would be the odd man out, and not invited to the party.

But two conference champions not being selected to pave the way for two SEC teams to be anointed for the playoff … that’s highway robbery and every other metaphor of outrage that applies.

Clint Eastwood as “Dirty Harry” once opined that opinions are similar to sphincters, everyone has one.

With this introduction here are the dispassionate thoughts from an admitted Pac-12 supporter (i.e., USC undergrad, Oregon post-grad), the author of Almost DailyBrett:

If the Pac-12 is annually dismissed by the Pharisees at ESECPN, and our champion, USC at 11-2, is not even taken seriously for the College Football Playoff …

… And this year, the Big Ten champion, Ohio State 11-2, is also summarily deemed unworthy of the College Football Playoff, then let’s do something radical:

Go back to the good ole days.

The Pac-12 and the Big Ten champions play in The Granddaddy of Them All®, the Rose Bowl.

Yep, let’s celebrate a classic rematch of USC vs. Ohio State playing each other on New Year’s Day.

That’s way it was, and that’s how it should be.

The Granddaddy of Them All®

Oklahoma vs. Georgia in the Rose Bowl, gag me with the proverbial spoon.

The Sooner Schooner being paraded down Colorado Blvd., while UGA does his business in the bushes? Give me a break.

With the BSC followed by the College Football Playoff, we can now conclude college football has taken a huge step backwards.

Consider when Heisman Trophy winner Marcus Mariota and Oregon blew out Florida State 59-20, ending the Seminoles 30-game winning streak and holding the 2015 Rose Bowl Trophy.

Was that a reason for passionate celebration for the Pac-12 champion? Well no, because there was another game.

Ladies and Gentlemen, the Rose Bowl is the game. The author of Almost DailyBrett grew up 20 minutes away from Pasadena. Didn’t want to meet my maker without the Ducks once playing in the Rose Bowl, let alone winning it.

The College Football Playoff Doesn’t Work

We all know now the College Football Playoff doesn’t work.

Expanding it to eight games, just means more slots for SEC and ACC teams.

The Pac-12 and Big Ten should pull out of this monstrosity.

January 2, 2012; Pasadena, CA, USA; Oregon Ducks running back De’Anthony Thomas (6) runs the ball against the Wisconsin Badgers during the second half during the 2012 Rose Bowl. Mandatory Credit: Gary A. Vasquez-US PRESSWIRE

The two conferences should reestablish their exclusive with the Tournament of Roses, having their respective champions play on New Year’s Day.

If ESECPN wants to televise a “playoff” featuring the best-and-the-brightest of teams from the former Confederate States, go for it. Just pour some moonshine and scream “Go Bama, Go!”

Whattya think Rece “Bama” Davis? Concur Jesse “Gator” Palmer? Ditto David “Between the Hedges” Pollack?

For me, it’s time to go back to the Rose Bowl.

USC should be playing Ohio State in the historic Rose Bowl on New Year’s Day in Pasadena, California, not in the Cotton Bowl in Arlington Texas on December 29.

The playoff change did not work.

It’s progress to go back to the Rose Bowl.

http://www.azquotes.com/author/14883-Mark_Twain/tag/change

https://www.tournamentofroses.com/rose-bowl

Always wanted a tree house.

Not a literal house in a mighty tree, but an Oregon home with a forest deck surrounded by Douglas firs, wandering deer and playful squirrels.

A place to set off for morning runs, savor upscale coffee, little green chariot drives, day-trade, write blogs, soak-off remaining stress of a four-decade career in the hot tub, and smell the roses with my wunderbare Frau, Jeanne.

And let’s not forget the 30-yard-line seats 15 rows behind the opponent’s bench. As they say: “It never rains at Autzen Stadium” … until it does.

The residence serves as a jumping-off point to periodically see the world and to savor special places. For Jeanne and yours truly we have checked out Germany, Italy, Spain and the Bahamas …

What’s next? Can hardly wait to find out.

Sometimes, the author of Almost DailyBrett when trapped in mind-numbing, never-ending, bumper-to-bumper traffic would day-dream about even having the time to read a novel, let along taking a multi-week trip to some place Fantabulous.

That dream will soon be coming true. The day-to-day grind will mercifully come to an end, and the joie de vivre is just beginning. It’s time to do what I want to do.

A Great Career … and then some

Yes, there are two paths you can go by; But in the long run
There’s still time to change the road you’re on
– Jimmy Page, Robert Plant

The old saying in Sacramento to this day is: “When in doubt, declare victory!”

A recent documentary about Arnold Schwarzenegger examined his unbelievable success story from his days as a child of a typical Austrian policeman to his spectacular rise as the greatest body-builder of all time, a movie star, Philanthropist and most amazingly, governor of the largest state in the union.

When asked about his recent dalliance, he readily admitted his failures. He reminded us that humans cannot fly, so the farthest we can fall … is to the ground.

Fortunately, my career has been more ups than downs. Please allow me to humbly declare victory.

The author of Almost DailyBrett began his career as a cub reporter covering the 1978 California tax revolt earthquake. Four years later, he was serving as the press director of the Deukmejian Campaign Committee in a Golden State gubernatorial campaign that we twice almost lost, but persevered and won.

Never dreamed that a gubernatorial commission with my name and the words, “Press Secretary” would sit beside my desk. And yet there it is in black and white with a beautiful gold seal.

As the director of communications for the Semiconductor Industry Association, your author was given a crash course in the wonders and magic of digital technology. He visited capitals around the world (e.g., Tokyo, Washington D.C., London, Brussels, Stockholm … ), while assisting an ultimately successful, all-out effort to open up the Japan market.

Could not ever envision being a corporate guy, and yet your author served for 10 years as a director of corporate public relations for a publicly traded semiconductor company. Next up was nearly four years of agency life serving clients’ 16-hours apart from Ireland to Taiwan … sometimes on the same day.

The three-decade career spanned politics/government, non-profit, corporate and agency, but still there was something missing: Giving Back.

Time to start a second career in academia.

Almost DailyBrett always wanted to seek an advanced degree and to teach. Mission accomplished. My most cherished moments are when my thankful former students tell me about their great new jobs and the excitement in their lives.

Now it’s my turn to the change the road I’m on.

Mortality Is Everywhere

Losing my best man and best friend forever John Newhouse hit your author very hard.

He was only 62-years-young, way too young to buy the proverbial ranch.

Someday, I will hopefully be able to buy him the first microbrew in heaven … just not now … Please!

With Jeanne last August, we discussed life over a dry Riesling on the veranda of the  11th Century Castle Hotel Auf Schönburg on a cliff overlooking the Rhine. We reflected on the fact that a tour of duty is four years in military terms. Why can’t it be the same in academic life terms?

We made the decision then-and-there to come home to the tree house in the forest.

Today, your author looks out the window of our Oregon house at a fall masterpiece with the leaves on the ground and the rain making its autumnal return.

Seven months later, the forest will bloom again and the sun will be warm.

And we will be finally at home and at peace in our Eugene tree house.

https://almostdailybrett.wordpress.com/2017/07/05/craftingdelivering-the-eulogy/

 

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