Kim-Mai Cutler just wrote about the City Controller’s recent report on the “Twitter tax break” (Mid-Market Tax Exclusion) and discusses whether or not it was a success.
Things aren’t as simple as “corporations are evil” in the real world. Sure, companies exist to profit (AND make products we use), but incentives matter and they can lead to good outcomes if done correctly. Despite what the far left advocates, “tax them to hell” is not a reasonable policy approach. We need to identify the sweet spot where companies are responsibly taxed and pay their fair share – without disincentivizing them to leave. What we should not do is listen to the groups who demand an increase in city services while simultaneously fighting against policies that produce the revenue that will pay for those city services. We cannot have better transit and safer streets and more housing without creating mechanisms to fund them. There are people who believe that there is no tipping point, and that companies will stay in SF no matter what the tax structure is.
But as Cutler writes:
“So was it a success? If Twitter and other tech companies had decided to leave San Francisco, then yes. The city would have lost all the tax revenue and it probably still would have had the same housing and transit capacity issues because Twitter employees would have still lived in the city. (No, they wouldn’t have lived in Brisbane. That city is a municipal oddity in the Bay Area, with just 4,000 people and some of the highest city tax revenues per capita because it has all this industrial and office space and hardly any housing.)”
Makes sense to me. Read Cutler’s always-good analysis and the Controller’s Report linked at the bottom to come up with your own conclusions.
As all baseball fans know, our Giants have been on a remarkable run. One more championship, and we reach dynasty status. Hell, with 3 World Series appearances in 6 years, we might already be there, win or lose (but we’ll win). Let’s not forget how special this run is. Very, very few teams, fans, and cities get to enjoy this in a lifetime. There is still NOTHING like sports that can bring a city together.
Unfortunately every victory celebration has also brought out THE WORST IDIOTS in our city. The Mission has been the meeting ground for these cowards who see mass celebrations an excuse to vandalize our city and get away with it. I try not to let it get to me, but the euphoria from our championships has definitely been tainted by watching some of these losers swarm in and wreck my neighborhood. I know the SFPD gets stretched thin, but let’s hope we get more officers around the Mission for our next championship celebration. Eve Batey of SFist goes over some of the changes the SFPD will implement this time around, and it’ll definitely help.
While out of control sports celebrations aren’t unique to San Francisco, our recent success on the field has provided the opportunities for these anarchists to come out. Snap pics if you see something awful happen, that’s how the fools who lit a MUNI bus on fire (with people inside) got caught.
Here’s a reminder of what happens when celebrations get out of control.
Continue reading Reminder: Celebrate the Giants respectfully
Well things are getting interesting: It looks like David Campos has been abusing the powers of his office as District Supervisor to solicit donations for his cash-strapped Assembly campaign by holding new planning projects hostage.
Regular readers know I don’t exactly harbor a great love for my Supe. In fact, his brand represents everything I disdain about politics – grandstanding and finger pointing instead of responsible governing and legislating. His extreme rhetoric is well-calibrated to his angry base.
Campos has spent six years calling himself the champion of the people of the Mission, making himself out to be morally pure and above the so-called corrupting influence of lobbyists and corporate interests. Well, the recent approval of a new housing development in the Mission reveals that for the right donation (and not even a very big one at that), Campos is willing to turn his back on all those lefty values. Start your bidding!
Continue reading Shakedown at 490 South Van Ness: David Campos is for Sale
Looks like there’s a new regular Food Truck gathering nearby. Choices are limited so far but if you’re hungry, here’s the schedule: