San Francisco voters are smart, so why would they want another stupid tax … or would they? |
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San Francisco voters are smart, so why would they want another stupid tax … or would they?
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1. The Undereducated Voter Tax
San Francisco is getting ready to vote on whether to restore its so-called Overpaid CEO Tax, a measure with a name straight out of a Bluesky focus group — designed to sugar-coat its actual impact. Not unlike a class president’s new Free Ice Cream initiative failing to disclose the ice cream in question will be exclusively anchovy-flavored, the city controller’s office is out with a new study that reads less like an economic analysis and more like a basic lesson out of Econ 101. As it turns out, taxing the you-know-what out of companies leads to fewer jobs! They estimate the measure, which would reimplement a gross receipts tax for large companies with a CEO earning 100 times more than the median employee, will cost the city ~1,000 jobs and lead to a GDP reduction of roughly $200 million. Dear SF voters: Before punishing CEOs for “making too much”… do consider whether employees “making nothing” is an upgrade.
2. Stanford’s ‘Evil’ Culture
Last week, Stanford undergrad Theo Baker released “How to Rule the World,” a memoir about his experience at my university.........