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The Cost of Doing Business: How SF's Tax Structure Constrains Economic Growth [pdf](bayareaeconomy.org)
14 points by littlexsparkee 11 hours ago | 6 comments
skmurphy 9 hours ago | parent | next [-]

Key graf on page 5: "Prior to the pandemic, downtown San Francisco saw strong net new business formation, with 711 net new establishments in the information, financial, and professional services sectors in 2017 (Figure 3). The trajectory reversed sharply during the pandemic and by 2025, this figure fell to just 25 – a decline of 96%."

AmazingEveryDay 10 hours ago | parent | prev | next [-]

Is it true SF can get away with not caring about constrained economic growth?. Regardless of not allowing any data centers, it's still a good location, and location is everything.

tim-tday 10 hours ago | parent | prev | next [-]

Do not ever open a business in sf. Their tax office is corrupt.

nwah1 11 hours ago | parent | prev | next [-]

Prop 13 is clearly the most distortionary issue, of all. Until that is overturned, you are stuck with constrained growth.

patmorgan23 7 hours ago | parent [-]

It's absolutely brain dead that it applies to commercial and industrial property. (It's not good policy for residential either, but more understandable)

shimman 7 hours ago | parent | prev [-]

Oh wow another billionaire "council" that somehow always argues for lower taxes and regulations as being necessary for business while never advocating for worker rights, better pay for workers, or any social welfare services that would help SF workers like universal childcare or medicare for all.