SF has recently implemented & continues to consider a slew of tax + regulatory policies that no growing tech company would subject itself to were it not the sole superior option re: access to capital + talent. If an industry flight occurs *once,* the ground is salted. https://t.co/JQ3uRtKM2i
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Mason 🏃♂️ ✂️ Retweeted
This would require SF to respond to a catastrophic drop in revenue with new tax *cuts* & to lay off well-paid city workers enforcing its various policies/processing its vast array of permits *during a time when other employment opportunities have dwindled* https://twitter.com/aashishium/status/1187394566158086144?s=21 …
Mason 🏃♂️ ✂️ added,
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Note that SF is a barely-liveable city even with the immense budget it has now. From where I'm standing, it appears to have no idea how to evaluate its extant programs & certainly no idea how to trim fat. If it's not a prime candidate for New Detroit, I don't know what city is
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SF has advantages it'll keep. It's a geographically well-positioned city, a major port in a beautiful part of the country. But it's also creating other long-run burdens for itself, e.g. a growing pop of serious drug addicts & deeply neglected public transit + education systems
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Lest you think SF will rapidly come to its senses if/when the exodus starts happening in earnest, let me remind you that this is a city that can't come to any kind of consensus on whether it can abate its crisis-level lack of housing by creating more housing
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