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I'd also be surprised if it brings in anywhere near the quoted amount since the SF supervisors have proven themselves incapable of considering second order effe

I'd also be surprised if it brings in anywhere near the quoted amount since the SF supervisors have proven themselves incapable of considering second order effects such as companies contracting out their low-pay roles or simply leaving SF.

jlmorton 6y ago
Pretty hard to claim this when Visa decided to massively expand their Global HQ in San Francisco after Prop C passed. The pandemic has thrown things in a wrench, but prior to the pandemic, San Francisco businesses were constrained only by commercial real estate. There was literally no space left to put any new businesses. We've been collecting Prop C revenues since March 2019, and they are exactly as forecast.
- aeternum 6y ago
  A gross receipt tax is relatively difficult to evade. A company generally cannot avoid the SF tax without also foregoing the associated SF revenue.
gmadsen 6y ago
if it was profitable, it would have happened already.
- SpaceRaccoon 6y ago
  Two economists walk down a road and they see a twenty dollar bill lying on the side-walk. One of them asks “is that a twenty dollar bill?” Then the other one answers “It can’t be, because someone would have picked it up already,” and they keep walking.
MrBuddyCasino 6y ago
> SF supervisors have proven themselves incapable of considering second order effects Correct. SF and its politics cannot be saved, just let them slowly eat themselves.
gmadsen 6y ago
this is a tax on high pay roles, so I don't understand your concern. Also I hope and pray that it would cause companies to move, that is essentially working towards the same goal.
NormenNomen 6y ago
Do you have a link of what you're referring to? I know some of the supervisors personally and that strikes me as an extremely distant view of them. I think it's a lot more likely that you're projecting strawmen intentions onto policies.

jlmorton 6y ago

Pretty hard to claim this when Visa decided to massively expand their Global HQ in San Francisco after Prop C passed. The pandemic has thrown things in a wrench, but prior to the pandemic, San Francisco businesses were constrained only by commercial real estate. There was literally no space left to put any new businesses. We've been collecting Prop C revenues since March 2019, and they are exactly as forecast.

aeternum 6y ago
A gross receipt tax is relatively difficult to evade. A company generally cannot avoid the SF tax without also foregoing the associated SF revenue.

gmadsen 6y ago

if it was profitable, it would have happened already.

SpaceRaccoon 6y ago
Two economists walk down a road and they see a twenty dollar bill lying on the side-walk. One of them asks “is that a twenty dollar bill?” Then the other one answers “It can’t be, because someone would have picked it up already,” and they keep walking.

MrBuddyCasino 6y ago

> SF supervisors have proven themselves incapable of considering second order effects Correct. SF and its politics cannot be saved, just let them slowly eat themselves.

gmadsen 6y ago

this is a tax on high pay roles, so I don't understand your concern. Also I hope and pray that it would cause companies to move, that is essentially working towards the same goal.

NormenNomen 6y ago

Do you have a link of what you're referring to? I know some of the supervisors personally and that strikes me as an extremely distant view of them. I think it's a lot more likely that you're projecting strawmen intentions onto policies.