CA will put wealth tax onto the ballot CA voters like to tax the rich Newsom wants to run for president GN wants to veto the tax since it'll destroy tax base & CA/SF If Biden wins blowback to veto will be huge so GN wont do it => SF is only saved if Trump wins so GN can veto
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Think there's an argument that a good chunk of founders don't behave like they're already multimillionaires, so some of these concerns re: tax structure may have a substantial time lag before they have negative effects. Stanford and Berkeley aren't moving, etc.
as the tax base leaves, either services get worse or taxes hit everyone. in either case, it’s going to become much harder to live here than it already is.
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Agree, just there will be a time lag.
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