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If this passes, I can only see it as a net loss to the city. Higher payroll taxes, less disposable income from tech employees, less money put into the market b

If this passes, I can only see it as a net loss to the city. Higher payroll taxes, less disposable income from tech employees, less money put into the market by the private sector in favor of taxes put in by the government. It is highly understood about the effect of economic multipliers between private industry spending and government. When will progressives ever learn? On that note, businesses: There are many states who would give many tax incentives for moving your company to the city/state. Texas, Washington...even NY... SF and it's voters apparently do not want you...time to go somewhere that does.

igorgue 10y ago
Come on, nobody is going anywhere there's no tech investors. There are many states, that pay a lot less taxes (some only Sales and Property tax) and the SF Tech community always ignores because SF is so cool (there's no tech investors). You guys are staying, tax or no tax, stop whining.
justizin 10y ago
> SF and it's voters apparently do not want you...time to go somewhere that does. Everyone who thinks this way, please, yes, go!
dcosson 10y ago
Idk. It seems like the mistake was enacting these tax breaks in the first place, without putting the necessary effort into building enough housing to support the new jobs (or improving transit and building out more densely populated suburbs). The ideal solution was probably to invest heavily in housing 5 years ago. But since it's too late for that, at this point it's just damage control. Even if SF does finally get moving on building more housing, it's so far past having enough of it in the reasonably near future that a small incentive for jobs to go elsewhere probably would help things in the next ~5 years. As far as progressive redistribution schemes go, this one actually makes more sense to me than most (as much as I hate to agree with Peskin et al).

igorgue 10y ago

Come on, nobody is going anywhere there's no tech investors. There are many states, that pay a lot less taxes (some only Sales and Property tax) and the SF Tech community always ignores because SF is so cool (there's no tech investors). You guys are staying, tax or no tax, stop whining.

justizin 10y ago

> SF and it's voters apparently do not want you...time to go somewhere that does. Everyone who thinks this way, please, yes, go!

dcosson 10y ago

Idk. It seems like the mistake was enacting these tax breaks in the first place, without putting the necessary effort into building enough housing to support the new jobs (or improving transit and building out more densely populated suburbs). The ideal solution was probably to invest heavily in housing 5 years ago. But since it's too late for that, at this point it's just damage control. Even if SF does finally get moving on building more housing, it's so far past having enough of it in the reasonably near future that a small incentive for jobs to go elsewhere probably would help things in the next ~5 years. As far as progressive redistribution schemes go, this one actually makes more sense to me than most (as much as I hate to agree with Peskin et al).