<story><title>San Francisco proposes “IPO tax” on eve of Uber offering</title><url>https://www.axios.com/san-francisco-proposes-ipo-tax-uber-lyft-63d1d608-0819-44ab-860b-066371b08038.html</url></story><parent_chain><item><author>dsfyu404ed</author><text>It&amp;#x27;s not just SF.  The whole state of CA is woefully mismanaged.  They just have enough money to smooth over much of the stupid stuff.  When the money runs out (next recession?) they are gonna get hit really really hard (and they deserve it, stupid should hurt).</text></item><item><author>kenneth</author><text>San Francisco is one of the most mismanaged major cities in the world and it&amp;#x27;s on such a negative trajectory. It&amp;#x27;s blessed with an incredibly successful homegrown tech industry, but there&amp;#x27;s only so much that can do to hide the underlying disfunction and the cracks are starting to show.&lt;p&gt;As a VC in San Francisco, I&amp;#x27;ve recently given up my residence here, and am increasingly looking outward for tech and culture. I see many of my peers doing the same, moving east, south, or out of the country entirely.&lt;p&gt;It&amp;#x27;s bittersweet. I used to love San Francisco, but have recently entirely lost faith in it ever getting better. I&amp;#x27;ve given up. And honestly, I feel a weight lifted from not having to care and constantly deal with the frustration anymore. There&amp;#x27;s so much tech &amp;amp; entrepreneurship worth promoting outside of SF, and it&amp;#x27;s so often overlooked.</text></item></parent_chain><comment><author>dmode</author><text>It is hilarious people think &amp;quot;money will run out&amp;quot; and CA is mismanaged. CA has a $30bn rainy day fund. It is incredibly managed. We have protected our shorelines, our mountains, our nature while other states have sold them off to the highest bidder. Our legislators pioneered equal rights and made LGBT mainstream in American politics. We pioneered action against climate change and kick started incentives towards alternative fuel, solar, and wind energy. We have the most generous healthcare coverage in America. We have the most generous welfare in America. We have invested billions in public transportation. We have the most upwardly mobile population. We pioneered recreational marijuana, and decriminalizing drugs. We are leading the revolution against mass incarceration. We have some of the most generous policies that are pro-women, starting from abortion to parental leaves. And we have the #1 economy in the world. That&amp;#x27;s quite mismanagement.</text></comment>
<story><title>San Francisco proposes “IPO tax” on eve of Uber offering</title><url>https://www.axios.com/san-francisco-proposes-ipo-tax-uber-lyft-63d1d608-0819-44ab-860b-066371b08038.html</url></story><parent_chain><item><author>dsfyu404ed</author><text>It&amp;#x27;s not just SF.  The whole state of CA is woefully mismanaged.  They just have enough money to smooth over much of the stupid stuff.  When the money runs out (next recession?) they are gonna get hit really really hard (and they deserve it, stupid should hurt).</text></item><item><author>kenneth</author><text>San Francisco is one of the most mismanaged major cities in the world and it&amp;#x27;s on such a negative trajectory. It&amp;#x27;s blessed with an incredibly successful homegrown tech industry, but there&amp;#x27;s only so much that can do to hide the underlying disfunction and the cracks are starting to show.&lt;p&gt;As a VC in San Francisco, I&amp;#x27;ve recently given up my residence here, and am increasingly looking outward for tech and culture. I see many of my peers doing the same, moving east, south, or out of the country entirely.&lt;p&gt;It&amp;#x27;s bittersweet. I used to love San Francisco, but have recently entirely lost faith in it ever getting better. I&amp;#x27;ve given up. And honestly, I feel a weight lifted from not having to care and constantly deal with the frustration anymore. There&amp;#x27;s so much tech &amp;amp; entrepreneurship worth promoting outside of SF, and it&amp;#x27;s so often overlooked.</text></item></parent_chain><comment><author>seanmcdirmid</author><text>People have been saying that about California for more than 150 years (when the gold runs out, SF will turn into a ghost town, you’ll see!).</text></comment>