San Francisco will put ‘CEO tax’ on the ballot this November
mercurynews.com
San Francisco will put ‘CEO tax’ on the ballot this November
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Re: San Francisco will put ‘CEO tax’ on the ballot this November
#2So if a company pays its CEO less, will they get a tax credit? Unlikely. With coronavirus, why does a company need to have a San Francisco HQ? Simply move the headquarters to Las Vegas, Reno, or Texas, and hire remote.
To my knowledge, there aren’t too many hardware companies in San Francisco; they are mostly companies they have employees that sit at computers typing stuff or calling people. Other than cachet, why would a company choose to locate in the city limits? The tax is admittedly rather small, but being in San Francisco is a death of a thousand cuts.
Re: San Francisco will put ‘CEO tax’ on the ballot this November
#3The fact that there are ceos who get paid 200x more, than an employee, is already outrageous.
Re: San Francisco will put ‘CEO tax’ on the ballot this November
#4The only effect this will have is making SF even more of a hostile place for doing business during a mass exodus of people already leaving. There's other ways of controlling outrageous CEO pay than raising taxes.
Re: San Francisco will put ‘CEO tax’ on the ballot this November
#5So if a company pays its CEO less, will they get a tax credit? Unlikely. With coronavirus, why does a company need to have a San Francisco HQ? Simply move the headquarters to Las Vegas, Reno, or Texas, and hire remote. To my knowledge, there aren’t too many hardware companies in San Francisco; they are mostly companies they have employees that sit at computers typing stuff or calling people. Other than cachet, why wo…
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Re: San Francisco will put ‘CEO tax’ on the ballot this November
#6The only effect this will have is making SF even more of a hostile place for doing business during a mass exodus of people already leaving. There's other ways of controlling outrageous CEO pay than raising taxes.
The biggest complaint I hear about Californians is they bring their failed policies with them when they flee to other states, even though it's the consequences of those same policies that caused them to move in the first place.
Re: San Francisco will put ‘CEO tax’ on the ballot this November
#7The fact that there are ceos who get paid 200x more, than an employee, is already outrageous.
Why?
Re: San Francisco will put ‘CEO tax’ on the ballot this November
#8When cities raise taxes they add value as opposed to accepting the status quo or racing to the bottom in a price war. Similar to business, attracting businesses as a city by competing on price is detrimental to the other aspects of city that could provide a unique value.
Re: San Francisco will put ‘CEO tax’ on the ballot this November
#9The fact that there are ceos who get paid 200x more, than an employee, is already outrageous.
Why?
Because it's an expression of a corrupt system where CEO pay is public, and thus it's easy for candidates to negotiate, but employees are strongly discouraged from sharing their own pay data or are prevented from seeing the company's own pay bands.
Where swathes of employees are let go when a company underperforms, but no-one is held accountable for making the strategic blunders that got them there.
Where employees who try to unionize are targeted by their employers and harassed out or outright fired because companies are terrified of collective bargaining.
Re: San Francisco will put ‘CEO tax’ on the ballot this November
#10The only effect this will have is making SF even more of a hostile place for doing business during a mass exodus of people already leaving. There's other ways of controlling outrageous CEO pay than raising taxes.
I'm going to be a bit skeptical as most free reign in this respect in the past 30 years has created this situation and ask: What do you propose that would actually work?