What if—I’m just spitballing here—we rezoned SF and the Valley for tons of new housing, and built a world class transit system for both by taxing tech companies who use the city as a bedroom community?
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Replying to @Pinboard
How does a municipality tax a business that’s not even located in its jurisdiction? But anyway did you know that personal income taxes from the Bay Area account for ~40% of PIT assessed in California for its $90B general fund? Or that a single unit in SF is now $700K to build
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Replying to @kimmaicutler @Pinboard
And that if you want to do a subsidized below-market-rate unit, there’s at least a $300K per unit financing gap to cover and that the city has only ever approved $410M in its entire history for affordable housing bond money?
6:33 AM - 27 Apr 2018
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