3 ms·
I read somewhere that big cities ( SFO) with tech concentration are giving tax breaks to companies that will bring their employees back in-office. Cities like
by sharadov 3y ago
I read somewhere that big cities ( SFO) with tech concentration are giving tax breaks to companies that will bring their employees back in-office.
Cities like SFO with estimated 30% vacancy which primarily rely on corporate taxes will collapse!
- mulmen 3y agoIs that bad? SFO isn’t known for being a well run city. A dose of bitter medicine might be exactly what it needs for long term health. Seattle is the same. We spend absurd amounts of money and get very meager results. This is what happens when your only tax revenue is property tax. If they taxed income they’d be incentivized to increase wages and employment. Instead they’re incentivized to drive up property values and barely keep the working class alive.