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Letters to the Editor

Don't tax ideas

Mike Knopp November 1st, 2012

As Oklahomans, we face an important decision with State Question 766: Are we going to tax people’s ingenuity and ideas?

As executive director of the Oklahoma City Boathouse Foundation, I believe it’s wrong to tax ideas, inventions, brand names — all are “intangible property” that are the seeds of future growth.

These are the very things that fuel new businesses and new jobs across our state. New ideas are at the core of Oklahoma’s success.

Can you imagine what a tax on ideas would do to the entrepreneurial spirit that is creating Oklahoma’s vibrant growth?

One of my life’s passions is the Oklahoma River. Nothing symbolizes the rebirth of Oklahoma City like our river. I’ve seen firsthand as this former “ditch” has turned into one of the premier river venues in the world. Like every other good thing in our community, it started with an idea. Until now, none of us have had to worry that our ideas would be taxed. But now we do.

Oklahoma City is at a unique point in our city’s history. Never before has our community grabbed the national spotlight like it has the past five years. We dream big in Oklahoma City. From the Oklahoma River to the Thunder to everything else that has helped redefine Oklahoma City, it all started with a simple idea.

At its core, SQ 766 is very simple.

A yes vote means that Oklahomans would not allow a tax on intangible property — things like ideas, inventions and trademarks. A no vote will allow the Oklahoma Supreme Court to begin taxing your intangible personal property. Please join me in voting yes for ideas by voting yes on SQ 766 on Tuesday.

—Mike Knopp, Oklahoma City

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