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

Re:San Francisco voters approve taxes on highly paid CEOs, b... by jm_l on Thursday November 05, 2020 @07:18PM (#25003581)

The economic context has also changed a lot. In 2012 SF's total GDP was 350b, today it's 500b (a 40% increase). It shouldn't necessarily be that surprising that as the economy grows the government's spending does as well.

[ Parent | on HN ]

Re:San Francisco voters approve taxes on highly paid CEOs, b... by hevelvarik on Thursday November 05, 2020 @08:53PM (#25004107)

That’s 51/40 in favor of spending more over those 8 years and in 2012 SF wasn’t frugal. Some increase is justified but not more than 1 to 1.

[ Parent | on HN ]

Re:San Francisco voters approve taxes on highly paid CEOs, b... by kansface on Thursday November 05, 2020 @07:28PM (#25003641)

This does explain quite a bit! Although I'd assume there are economies of scale in running a city (or else they wouldn't exist in general).

[ Parent | on HN ]