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I hope they leave. High taxes for businesses have consequences and more people need to be aware of this. Eventually, companies will be leaving the state+count

by rick888 16y ago

I hope they leave. High taxes for businesses have consequences and more people need to be aware of this. Eventually, companies will be leaving the state+country and not just the city. It's funny, because businesses have been getting tax hikes for a long time (especially in states where most are taxed on gross revenue and not just net http://en.wikipedia.org/wiki/Gross_receipts_tax http://en.wikipedia.org/wiki/Gross_receipts_tax). When the average citizen gets the exact same treatment, we have protesters in the streets saying it isn't fair. This is why I feel we should have a flat tax across the board. This way, everyone is in the same boat when it comes to tax increases.

spenrose 16y ago
If SF were a low-tax place that noticed a bunch of businesses coming in and decided to harvest cash from them, this line of reasoning would make sense. Instead, SF is a high-cost, high-tax place where businesses are founded in droves. Twitter is trying to skim the value of massive social investment in SF by moving just outside the city borders. It is not trying to move to Lawrence KS, San Luis Obispo CA, Rochester NY, or any other low-cost city with a well-educated workforce, behavior which would support your thesis. Nor are many tech startups being founded in those places. Large investments in social and physical capital have consequences: fantastic, $100K+ engineering jobs and $1.5K taxes to pay for the schools, police, and roads that support them.