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Payments companies have all left SF after Prop C

24 pointsby sicromoftabout 3 years ago

1 comment

jerojeroabout 3 years ago
From what I gather prop C is a tax raise on businesses to help secure funding to combat homelessness in SF.<p>It is a very common trope that you hear when politicians are trying to raise taxes that &quot;rich people will leave if you do that&quot; and certainly some will do that. I think in the USA this is particularly problematic because there&#x27;s a huge different between moving from a country to another and moving from one state to another.<p>But what should be done about it? It is very likely that simply the state getting more money is not really going to solve a crisis that is much more systemic. Not that I&#x27;m against taxes against businesses, specially these extremely high gross businesses. But SF needs to really examine what is going wrong and why they&#x27;re incapable of solving their problems because somehow I have the suspicious that more money isn&#x27;t going to solve everything. I mean, isn&#x27;t SF one of the richest states in the world anyway?
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