In a Washington Post op ed, Bill Whalen of the Hoover Institution asks if San Francisco is trying to hasten its own demise. He concludes that they are. He says the city looks like a ghost town because so many people are working remotely. The office vacancy rates over the once red hot real estate market is tanking rents of drop by almost and there are twice as many homes for sale today compared to a year ago. It's about to get worse too. On election day, San Francisco voters
approved a proposition known as the Overpaid Executive Tax. It's a surcharge tax for companies who pay their top people over a hundred times what the typical worker makes. This tax was tried in Portland, Oregon. It was a disaster. Corporations did not lower executive salaries. They cut loose workers at the lower end of the spectrum and replaced them with independent contractors. They always find a work around. This week, San Francisco's authoritarian Board of Supervisors old on another set
of restrictions on top of the harsh COVID rules. If you live in an apartment, you cannot smoke any tobacco product anywhere in your home period. However, smoking a doobie a marijuana joint at home, well that's fine, that's okay. People used to leave their heart in San Francisco. Today you might lose your mind there