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Re:An SF Housing Nonprofit Blew Almost $500K on a Flawed Eff... by legitster on Thursday September 01, 2022 @07:36PM (#32684782)
> In true San Francisco fashion, Prop. K might have been crafted with noble intentions, but it has since blown up in the face of its backers. It was intended to tax Amazon and perhaps some other large e-commerce companies. But because the authors apparently misunderstood both Amazon’s business and the nature of many local enterprises, Prop. K would instead ding hundreds of bars, restaurants and small brick-and-mortar retailers while draining millions from the general fund.

> “I never imagined that their cloud services or Prime video are more revenue than all the stuff I buy from them,” Elberling said. “I never imagined that to be true.”

How does one spend $360k to design a tax with a single focus to tax a single organization, and not even bother to look at the most basic income statement of said organization?

Re:An SF Housing Nonprofit Blew Almost $500K on a Flawed Eff... by BruiseLee on Friday September 02, 2022 @11:24AM (#32691901)
It's just grift. $360k spent on salaries and bonuses goes surprisingly fast.