This is not only why housing in SF is so expensive, why people are being priced out and evicted, but a road map for why we don’t have teachers, nurses, cops and restaurant workers, why school enrollment so low, why the city is becoming a Union Made catalog (ah, irony). https://t.co/1coD0Fasim
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They can raise taxes on business, but that will also make the city and its future leadership even more structurally dependent on tech in the long-term, if that's what voters want. Or they can restructure their tax revenue model, costs to center on something else (prob difficult).
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Also poorly designed taxes will have externalities. Notice how fintech companies have "discovered Oakland" after November:https://www.bizjournals.com/sanfrancisco/news/2019/01/31/with-square-move-on-horizon-fintechs-increasingly.html …
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