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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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While he may have spent $360,000 in TODCO funds on the ballot measure and racked up $90,000 in bills before legal fees to remove the monster that is Prop. K, the 75-year-old in a Grateful Dead hat and Warriors T-shirt seems to take a certain glee in the criticism. Elberling rejects the idea that he should fund a counter-effort to kill it. Instead, TODCO—short for Tenants and Owners Development Corporation—and its political partners will simply channel their efforts into repealing and replacing the measure in next year’s election if it passes.

“Running a ‘no’ campaign? I mean, seriously, that I would be uncomfortable with—that’s just too fricking cute by half,” Elberling said. “You just say, ‘You know what, we fricked up. It didn’t come out the way we wanted to.’ Now we know that. Now we’re going to fix it. Now we’re going to get it right.”

He's fully aware that his idea is irredeemable dogshit that will kill what few small businesses remain in The City by the Gay yet does absolutely nothing to prevent it coming into force.

:#marseygivecrown:

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