One would have been voting down on this stupid measure. SF has a child's notion of how to fix problems. Rich CEO bad? Tax companies for rich CEOs. Tenderloin full of shit? Create a whole new division of people with more taxes to clean up shit. It never addresses the root cause.

There won't be a Bay Area exodus anytime soon but you bet a startup is going to move out of SF when it starts to get big. The additional taxes will only hurt the companies that have a firm root here and will discourage future companies from forming in SF.

Sf wants everything to remain exactly the same in a world that's changing faster than ever. It's time to encourage new residential units, properly tax land/property, and start actually proactively fixing its problematic neighborhoods.