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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Replying to @kimmaicutler @adamjodonnell
Genius city has a supermajority population that’s made not a dime from tech.
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Replying to @dakami @adamjodonnell
The primary reason genius city can run in place against its growing expenditures and pension obligations is the tech boom.https://www.bloomberg.com/news/articles/2017-03-20/even-san-francisco-flush-with-tech-wealth-has-pension-problems …
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Genius city was already expecting a $630M deficit in three years prior to all of this. https://sfcontroller.org/sites/default/files/Documents/Budget/FY2020-21%20through%20FY2023-24%20Joint%20Report%20FINAL.pdf …pic.twitter.com/ineEQw5Xxt
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Replying to @kimmaicutler @dakami
It is almost like we are incredibly entitled, selfish, and short sighted and in complete denial about what is coming in SF!
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Replying to @adamjodonnell @kimmaicutler
It’s almost like *these* voters got no benefit from tech other than higher cost of living, and don’t consider city pensions their benefit.
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Replying to @dakami @kimmaicutler
Or... they didn't see any link between prop E and the city pensions, or never worked for the city, don't have a pension, and are a tech worker.
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Replying to @adamjodonnell @dakami
It’s basically one guy who runs an affordable housing non-profit that hasn’t actually built an affordable unit in 20 yrs refinancing his old units from decades ago to run pet ballot measures that sound good on paper but instead are anti-growth and strengthen the office cartel
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Kim-Mai Cutler Retweeted Roland Li
And he doesn’t care what the long term collateral damage to the city budget is or its workers etc https://twitter.com/rolandlisf/status/1234210463530962944?s=21 …https://twitter.com/rolandlisf/status/1234210463530962944 …
Kim-Mai Cutler added,
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