<story><title>San Francisco voters approve taxes on highly paid CEOs, big businesses</title><url>https://www.latimes.com/world-nation/story/2020-11-05/san-francisco-voters-approve-taxes-on-ceos-big-businesses</url></story><parent_chain><item><author>umeshunni</author><text>More likely, this will just result in businesses continuing to leave San Francisco.&lt;p&gt;The pandemic has given most companies a good reason to do so already and my bet is on most of them not returning to their overpriced San Francisco headquarters when this is eventually over.</text></item><item><author>throwaway0a5e</author><text>Sounds like business will be booming for temp agencies as well as janitorial and facilities maintenance contractors.&lt;p&gt;Whatever the net positive here is wholly negated by the number of stable long term jobs that are going to go away and be replaced by whoever the body shop chooses to send that day.  Working for these middle men really sucks compared to working for whoever the service is being provided for (and I say that from experience).</text></item></parent_chain><comment><author>kmtrowbr</author><text>I have lived in San Francisco since 2005. Over the time I&amp;#x27;ve lived here, we&amp;#x27;ve had the opposite problem: lots of highly paid tech firms moving into SF. This has changed the nature of San Francisco in a way that many dislike,  including me. I was initially attracted to San Francisco because, it was chill, it was beautiful, and it had a lot of eccentric, really interesting people. Many of our good friends had to leave over the years as SF has becoming more unlivable because rents have gone up so much, and also it&amp;#x27;s just not as fun, it&amp;#x27;s crowded and stressed.&lt;p&gt;I am aware that I am a part of the problem: my wife and I are white, yuppie, dink tech workers. :)&lt;p&gt;These issues are complex.&lt;p&gt;I voted yes on Proposition L: the tax is quite small and I think the tech firms are unlikely to leave, meanwhile SF can get more taxes from them (many of them were historically given tax breaks, like Twitter, to move into the mid-market area). If they do leave, I don&amp;#x27;t see that as a bad thing.&lt;p&gt;Meanwhile socioeconomic disparity is an oozing sore in San Francisco, we have billionaires rubbing elbows with homeless people every day. Nationally, we&amp;#x27;ve had round after round of tax cuts for the wealthiest, if SF wants to tax excessive income disparity, I say, fair enough.</text></comment>
<story><title>San Francisco voters approve taxes on highly paid CEOs, big businesses</title><url>https://www.latimes.com/world-nation/story/2020-11-05/san-francisco-voters-approve-taxes-on-ceos-big-businesses</url></story><parent_chain><item><author>umeshunni</author><text>More likely, this will just result in businesses continuing to leave San Francisco.&lt;p&gt;The pandemic has given most companies a good reason to do so already and my bet is on most of them not returning to their overpriced San Francisco headquarters when this is eventually over.</text></item><item><author>throwaway0a5e</author><text>Sounds like business will be booming for temp agencies as well as janitorial and facilities maintenance contractors.&lt;p&gt;Whatever the net positive here is wholly negated by the number of stable long term jobs that are going to go away and be replaced by whoever the body shop chooses to send that day.  Working for these middle men really sucks compared to working for whoever the service is being provided for (and I say that from experience).</text></item></parent_chain><comment><author>LinuxBender</author><text>A law firm I use has been in SF for over 20 years.  They just moved to a rough part of Oakland.  The move was challenging for them and I know they would not have done it if they didn&amp;#x27;t have to.</text></comment>