Region’s toxic tax rate
It seems to me that the reason Parkersburg was more prosperous in 1907 as opposed to 2017 is the direct result of taxation and highly liberal direction the city and state have taken over the past 110 years.
Remember that the oil and nat gas industry was in its infancy in 1907.
This is from a 1907 city directory:
“One of the most important features of this city is the low rate of taxation, being less than 1/2 of 1 percent in the city and 2/3 of 1 percent for the county. After the year 1908 no taxes whatever will be paid for state purposes. Therefore Parkersburg can offer greater inducements to manufacturing enterprises seeking locations than any state in the union.”
But now we are about the worst state to start a business, due to taxation. If you are against these new corporate tax cuts then you are favoring a welfare state, not a job-creating state.
Robert C. Wix