4 ms·

They can be a solution though. Low taxes can incentivize business to overlook the other problems that may take longer to solve.

• galleywest200 4y ago
  Which would lead to a decrease in income that the city could use to address these longer term problems.
  • tonfreed 4y ago
    You're not going to get taxes anyway if there are no taxpayers in the city. You could raise taxes to 100% and I guarantee your tax revenue would completely collapse too
  • sokoloff 4y ago
    That depends on what the alternative is. If it’s that all the current businesses say “Whelp; we can’t do anything. Let’s just stay here…” and all the same other businesses say “Considering everything, San Francisco is the best place to open up; let’s do it!”, then yes this plan would yield lower city tax revenues. If another scenario is true that some businesses would be retained and others attracted who would otherwise end up somewhere else, city revenues could even be increased over time by this plan as compared to the baseline.