San Francisco is an ongoing experiment to test the limits of a talent network effect against a regime that hates businesshttps://twitter.com/adamnash/status/1021833412804370432 …
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and the second / third order effects of those costs
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At this point I would be grateful if they just thought about the direct effects more critically
End of conversation
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It's the tax rate mix that kills. If the 1% generating 47% of state revenue was mostly from real estate tax instead of income tax, rent-seeking in RE would decline, RE liquidity goes up, pricing down, labor mobility up, cost of living goes down, etc.
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