It's likely if this passes, we'll see companies use the pandemic as a reason to move out of SF. If these companies see that the city is becoming increasingly hostile to them, why would they stay? This is also the perfect time since it's likely that you can get real estate for much cheaper in other parts of the state or even in a different state.

In the end, I wouldn't be surprised if just putting this on the ballot caused a few companies to decide to move away, which results in less tax revenue for the city. This whole thing seems short sighted, and unlikely to do anything but hurt the people of SF.

Stripe moved its headquarters to South SF, which is a useful tax dodge but SF workers are probably not too adversely affected. Others might do the same, or move to other neighboring cities such as Oakland. Of course, it's unknown how the pandemic will change logistics next year.