Eight years later, it's become clear they weren't going anywhere.https://twitter.com/TrishaThadani/status/1121058395916627968 …
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Square is keeping its SF space tho and expanding into Oakland
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.... Which sends tax revenue that SF would otherwise collect into Oakland
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What’s sad is that—even with the payroll tax expansion—the city has reaped millions more in tax benefits and is an even bigger mismanaged shitshow than it was pre-tech wave.
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I think it’s complicated and I would say that tech wealth props up the Bay Area/CA’s seniority-based property tax system. They’re symbiotic with each other. Otherwise we would see total destruction of public services rather than slow cannibalization/degradation.
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