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.
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Portland is exactly the same way. There's a cabal of super-rich real estate developers who have complete control of the metro area and use their power to stop anyone else from building housing. But they spend a fraction of their income on bribes to the activist/journo class and that's enough to keep "progressives" quiet about them. There's r-slurs here who actually think that this is some kind of "progressive" city just because we've got a naked bike ride.
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