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San Francisco voters approve taxes on highly paid CEOs, big businesses

latimes.com

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Re: San Francisco voters approve taxes on highly paid CEOs, big businesses

#541

Post by rmk »

mrits wrote: post #463
norswap wrote: post #428

Earlier quoted context omitted.

Surely that number is not right - probably lacking two digits?

I always hear bay area friends tell me how it's not that bad there if you have room mates. Mean while the engineers here in their 30s are collecting income from their 3rd rental property already.

One of the problems is that every person wants to live in some trendy neighborhood in "The City". Naturally, that means landlords can get away with charging exorbitant rents (the bulk of the inventory is under rent control, which reduces incentives for folks to move out). Because of this, you end up with ridiculous startups that rent beds out to people, folks paying $2000+ for a small room in a small house, and so on.

Meanwhile, in the majority of places that aren't the Bay Area (or urban CA), folks in professions like engineering are set up with nice suburban homes and additional properties by their mid-thirties.

I have seen many east-coast transplants move back after realizing that the madness is not going to end in the past ten years. Giving up access to the Bay Area job market, or existing social or family circles are perhaps the only thing holding folks back from getting the hell out of this area, I feel.

Re: San Francisco voters approve taxes on highly paid CEOs, big businesses

#542

Post by jelliclesfarm »

runarberg wrote: post #527
jelliclesfarm wrote: post #508

Earlier quoted context omitted.

Thanks. I agree. But there needs to be no justification. The USA does not steal wealth from other nations. Please substantiate this comment with an example. Wealth is not an indicator of quality of life. I have seen this over and over again amongst the rich and the poor. All we can do is live well so we are not a burden to others. The next best thing to do is help when we can. What I am against..on principle..is that…

> It’s difficult to empathize because it would make a mockery of the sacrifices that I had to make because I wanted something. This is a really good and important point. I immigrated from one of the wealthiest countries in the world to the USA. Off course I made sacrifices while immigrating but those sacrifices were not nearly on the same scale as someone immigrating from a place of poverty. I can still visit my fami…

Thanks for your reply. Fwiw, I don’t think you are privileged as you feel from my perspective. I think I would have to know you better, but I hear that you feel privileged.

It cuts both ways. I can’t make any assumption about anyone’s privilege or lack of simply because it’s none of my business and your privilege(or lack of, as the case might be) doesn’t impact my life at all.

However your actions directed towards me and it’s impact on my life would be subject to observation. There are concentric circles of influence for every individual. Yours and mine might never meet.

Re: San Francisco voters approve taxes on highly paid CEOs, big businesses

#543

Post by conanbatt »

boulos wrote: post #71
conanbatt wrote: post #55

"saying the tax is modest in comparison to the cost of moving a business." Basically admitting that the thought process is charging as much taxes as you can possible get away with.

That is the point of optimal tax theory: maximize revenues while minimizing downside.

I see plenty of downsides in SF's tax structure.

Re: San Francisco voters approve taxes on highly paid CEOs, big businesses

#544

Post by andrewstuart2 »

rmk wrote: post #535
sroussey wrote: post #528

Earlier quoted context omitted.

It was upped to about $600m. Good luck getting an audit.

Okay, that is something on the order of $10,000 per person if there's a homeless population of 60,000 people. I doubt if SF has such a large homeless population. Does this $600 million cover things like Churches sheltering the homeless, pantries, and such? Or is it in addition to the the $600 million? Something is very rotten here.

Looks like 8k or 10k as of January [1], depending on which standard you consider, though obviously that may have gone up with recent events.

[1] https://sfgov.org/scorecards/safety-net/homeless-population

Re: San Francisco voters approve taxes on highly paid CEOs, big businesses

#545

Post by cle »

_prototype_ wrote: post #538
bhupy wrote: post #429

Earlier quoted context omitted.

A pet crusade of mine: California can pass a 100% (or close to that) land appreciation tax (capital gains tax on land), and that wouldn't violate Prop 13. High land appreciation taxes are essentially indistinguishable from Georgist LVT. China taxes land appreciation between 30-60%.

Wait are you seriously suggesting we adopt a taxation policy the CCP utilizes? Did I miss something?

A policy being associated with the CCP doesn't automatically mean it's wrong or that we can't learn something from it.

Re: San Francisco voters approve taxes on highly paid CEOs, big businesses

#546

Post by primitivesuave »

diogenescynic wrote: post #520
primitivesuave wrote: post #369

Earlier quoted context omitted.

I used to live in the Tenderloin in 2013 and it has actually improved a lot since marijuana was legalized and public restrooms added in - back then, there was a guy on every street corner trying to sell you something, and certain alleyways/corners where there was daily cleaning for piles of human waste. It's become much less dangerous but still quite depressing to walk through. I started talking to people living on t…

>I used to live in the Tenderloin in 2013 and it has actually improved a lot since marijuana was legalized and public restrooms added in The TL is a lot worse than in 2013. There are more needles, more open drug use, more break ins, and on and on. >back then, there was a guy on every street corner trying to sell you something, and certain alleyways/corners where there was daily cleaning for piles of human waste. Lite…

I am so sorry to hear that. I got mugged by some of the corner drug dealers in 2013 and they were at least nice enough to throw my drivers license out while running away, presumably to save me a trip to the DMV. I was thrilled to see the legal dispensaries put those guys out of business, I had long moved out by then but the area felt way less dangerous to walk around in.

Re: San Francisco voters approve taxes on highly paid CEOs, big businesses

#547

Post by noobermin »

xg15 wrote: post #425
cody3222 wrote: post #342

Earlier quoted context omitted.

Like janitors, yes. However you can still go a level up, perhaps to support people. And then another level up, like to entry level sales people.

Then why didn't they already do that before?

We can stop the thread here, it's like bleating about the minimum wage or child labor laws, rich people crying that they have to cough up.

Re: San Francisco voters approve taxes on highly paid CEOs, big businesses

#548

Post by dkdk8283 »

vondur wrote: post #445
mrits wrote: post #397

Earlier quoted context omitted.

You can purchase a 5K sqft lot outside of Austin for $2,200 and we still have a growing homeless problem. I'd look more into providing mental health, relocation, and incentives to stay off heavy drugs.

SF has a $360 million dollar a year budget for addressing the homeless situation. I'm not sure what funding they may also get in addition from the County and State Level.

As someone who once earned money from a CA public project the wastes are gross negligence. All that money which is paid is almost certainly misappropriated.

Re: San Francisco voters approve taxes on highly paid CEOs, big businesses

#550

Post by primitivesuave »

rriepe wrote: post #395
primitivesuave wrote: post #369

Earlier quoted context omitted.

I used to live in the Tenderloin in 2013 and it has actually improved a lot since marijuana was legalized and public restrooms added in - back then, there was a guy on every street corner trying to sell you something, and certain alleyways/corners where there was daily cleaning for piles of human waste. It's become much less dangerous but still quite depressing to walk through. I started talking to people living on t…

I'll vote for you. Setting up a welfare magnet for the homeless in one of the most expensive real estate markets in the country is cruelty, not compassion.

If I ever campaign for something you'll know it's me after recognizing that cruelty/compassion line ;)
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