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How an SF Housing Nonprofit Blew Almost $500K on a Flawed Effort To ‘Tax Jeff Bezos’ Butt’ : sanfrancisco

https://old.reddit.com/r/sanfrancisco/comments/x3bj8f/how_an_sf_housing_nonprofit_blew_almost_500k_on_a?sort=controversial

Article https://sfstandard.com/politics/san-francisco-housing-todco-amazon-tax-prop-k-guaranteed-income/

In true San Francisco fashion, Prop. K might have been crafted with noble intentions, but it has since blown up in the face of its backers. It was intended to tax Amazon and perhaps some other large e-commerce companies. But because the authors apparently misunderstood both Amazon’s business and the nature of many local enterprises, Prop. K would instead ding hundreds of bars, restaurants and small brick-and-mortar retailers while draining millions from the general fund.

“So what?” Elberling said. “Because you might make a mistake, you shouldn’t do anything? That’s their argument? Yeah, well, frick that.”

Elbering doesn't live in SOMA, he just has a rent free affordable unit he doesn't pay taxes on.

https://kevin.burke.dev/kevin/john-elberling-tax-cheat/

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>Imagine being an absentee landlord :marseycapitalistmanlet: who leaches passive income off of your existing properties without reinvesting in the properties or constructing any new housing for decades. And then :marseytransflag: spending more money :marseybux: to undermine the construction of new housing and target small :marseyminipixel: businesses with additional taxes. The man is how I would draw a cartoon :marseyslab: villain :marseysephiroth: of a landlord.

https://old.reddit.com/r/sanfrancisco/comments/x3bj8f/how_an_sf_housing_nonprofit_blew_almost_500k_on_a/imou7h7/?sort=controversial

:#marseykingcrown:

>Because it has nothing to do with the greater good :marseyclapping: and has everything to do with ego.

:marseyagree:

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