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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Person Woman Man Camera TV‏Verified account @ClaraJeffery 20 Apr 2019
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      Person Woman Man Camera TV Retweeted

      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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      7 replies 77 retweets 136 likes
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    2. Person Woman Man Camera TV‏Verified account @ClaraJeffery 20 Apr 2019
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      Meanwhile Apple paid NO federal taxes, the CEOs of Twitter (which got a huge tax break to locate here) Stripe etc fight attempts to tax their companies to help homeless crisis, and oh yeah they salt our democracy with disinformation and hate. Truly it is Gold Rush 2.0

      2 replies 41 retweets 139 likes
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    3. Person Woman Man Camera TV‏Verified account @ClaraJeffery 20 Apr 2019
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      Also that big blue chunk of the pie does not even include “venture capitalism” and “biotech” it’s just SOFTWARE

      4 replies 7 retweets 58 likes
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    4. Kim-Mai Cutler‏Verified account @kimmaicutler 20 Apr 2019
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      Replying to @ClaraJeffery

      At the same time, the Mid-Market [Twitter] tax exemption expired last year. The city budget is $11.1 billion compared to $6.6 billion a decade ago. The city was supposed to be running close to $1B deficits every year by 2016. Instead it had a surplus.

      1 reply 0 retweets 7 likes
    5. Kim-Mai Cutler‏Verified account @kimmaicutler 20 Apr 2019
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      Replying to @kimmaicutler @ClaraJeffery

      This is the quid pro quo that Bay Area cities make. They can't renege on their pension liabilities, and property tax revenue on non-reassessed properties is capped so they have to grow revenue (AKA attract in business/build office space) to keep pace w/ obligations.

      1 reply 0 retweets 6 likes
    6. Kim-Mai Cutler‏Verified account @kimmaicutler 20 Apr 2019
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      Replying to @kimmaicutler @ClaraJeffery

      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).

      1 reply 0 retweets 4 likes
    7. Kim-Mai Cutler‏Verified account @kimmaicutler 20 Apr 2019
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      Replying to @kimmaicutler @ClaraJeffery

      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 …

      1 reply 0 retweets 4 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler 20 Apr 2019
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      Replying to @kimmaicutler @ClaraJeffery

      Also, @SupervisorTang tried to make a program that would create subsidized housing for middle-income residents (bc there are only really federal/state subsidy programs for low & vey low-income residents) but Peskin watered it down to the point where it became ineffectual and

      11:41 AM - 20 Apr 2019
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        1. Kim-Mai Cutler‏Verified account @kimmaicutler 20 Apr 2019
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          Replying to @kimmaicutler @ClaraJeffery @SupervisorTang

          developers instead chose the state's density bonus program, which produces some housing for low & very low income workers.

          0 replies 0 retweets 2 likes
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