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A comment on San Francisco voters approve taxes on highly paid CEOs, big businesses.

Re:San Francisco voters approve taxes on highly paid CEOs, b... by thursday0987 on Thursday November 05, 2020 @04:23PM (#25002127)
San Franciso is a city, so I imagine what will happen is that companies will move out of the city limits and this new tax will be completely ineffective.

Seriously, how hard is it to find a new office in Oakland or San Jose?

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Re:San Francisco voters approve taxes on highly paid CEOs, b... by bitwize on Thursday November 05, 2020 @04:33PM (#25002234)
When Connecticut hiked its taxes, even long-standing businesses headquartered there, like GE, packed up and moved to Massachusetts. (You know you're doing something wrong when "Taxachusetts" is a relative tax haven compared to your state.)

So even if these changes were implemented statewide, it can be an impetus to leave. Laffer's curve is a bitch for the eat-the-rich crowd.

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Re:San Francisco voters approve taxes on highly paid CEOs, b... by quickthrower2 on Thursday November 05, 2020 @04:38PM (#25002294)
Might be effective in reducing rents though!
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Re:San Francisco voters approve taxes on highly paid CEOs, b... by dpoochieni on Thursday November 05, 2020 @05:04PM (#25002566)
Probably office rents only, not residential
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