San Francisco Puts Another Nail in Its Own Coffin

They have Nancy Pelosi in congress trying again and again to get Kansas and Oklahoma tax money to pay for blue state problems. Their safety net.

Thank you my friend MAJ Dale E. Wilson, Ph.D. for posting the perspective from yahoo.com author David L. Bahnsen on the recently enacted 'wealth tax' which supporters refer to as the “overpaid executive tax.”
I have never had a desire to visit San Francisco.
I am hopeful that many businesses will break ties from San Francisco and relocate out of state. Elon Musk and others have led the recent exodus from California.
I concur with:
1. the bottom line "San Francisco would be wiser to pursue what it is chartered to do as a city — addressing high crime and homelessness — rather than what it is inherently incapable of doing — serving as the arbiter of what wages should be. So far, it is not doing either very well."
2. Paragraph 4 'The fatal flaw of this bill and others like it lies in the idea that fair compensation should be defined by people other than those who have skin in the game — namely, a company’s principals, board of directors, and ultimately the shareholders to whom it reports. Once one concedes the principle that legislative intervention is required to force those within a company to change the way it pays people, the door is opened to an arbitrary exercise of power. Make no mistake: There is no magic behind the 0.1 percent figure. Setting the tax at that level was arbitrary, and arbitrary judgments are easy to change. Sure, it remains there today, but perhaps 1 percent or 5 percent will be the “right” number next year. And perhaps even higher the year after that. The lack of limiting principle here is frightening, and the slippery slope is easy enough to see.'

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A counter productive tax should work great for them.