Genius city, facing down a possible pandemic-driven recession, passes special interest initiative that city economist says will reduce the GDP by $23 billion dollars.https://twitter.com/sfchronicle/status/1235074434656067584 …
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If this ends up being a year long thing or more, it will probably be a big cultural moment for adoption of remote work and that will undermine the biz tax base that SF has long used to cross subsidize programs that res-heavy Bay Area cities can’t afford
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How many of the companies that your venture capital firm is invested in have San Francisco office space, and how many are likely seeking more space?
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Believe it or not, companies are fallible, and don’t necessarily have the best interests of local residents in mind. Strategies fail. Or are ignored. Or were created simply to pay lip service. But sure. Just keep on doing what’s being done now. It’s working so well, you see.
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