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> What this does is, it collects money from today's FAANGs while disincentivizing future startups from starting here. I think it’s gonna disincentivize FAANGs
by xienze 6y ago
> What this does is, it collects money from today's FAANGs while disincentivizing future startups from starting here.
I think it’s gonna disincentivize FAANGs from making future investments in the city. This is BAAAAD timing for a tax hike like this, coming off tech companies doing a seven month experiment in whole-company WFH, and finding out it’s working pretty well.
- cam0 6y agoDoes SF really need investment from FAANGs? SF was a pretty awesome city before the tech boom of the 90's + 00's, and currently none of the FAANGs have a major office presence here... FB in Menlo, Apple in Cupertino, Amazon in Seattle, Netflix in Los Gatos, and Google in MV.
- LanceH 6y agoThey certainly view the money brought in by FAANGs as theirs.