Mayor Lee helped convene the group to evaluate how San Francisco’s current tax structure impacts companies’ ability to successfully grow jobs in San Francisco and to propose improvements to the current tax structure, while still ensuring everyone pays their fair share for City services.
Whether or not you agree with the premise of Atlas Shrugged, we probably can see Winston Churchill’s point of view when he said that the inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.
The ordinance, sponsored by Mayor Ed Lee, seeks to close a funding shortfall due to a mandated 20 percent budget cut to the Department of Parks and Recreation
Last year, Mr. Adachi attempted to address pension and healthcare reform via the ballot and failed. After listening to those who support pension and healthcare reform but who did not support Prop B last year, Mr. Adachi has a new ballot proposal that is considerably more progressive and equitable than it’s predecessor. FCJ was availed an opportunity to discuss with Mr. Adachi’s his latest proposal which is expected to be considered by voters in November.
The legislation was passed by an 8-3 vote amid concerns of gentrification impacts and without a promised Community Benefits Agreement (CBA) in place. The legislation’s sponsor, Supervisor Jane Kim, who said the legislation would be continued until a CBA had been formulated and ratified by the Board, told FCJ after the Board vote Tuesday the tax exemption legislation is not enforceable until a CBA has been approved.
There were no protests in the streets the other day when the Board of Supervisors passed, by an eight-to-three vote, legislation to give Twitter and other companies six-year tax breaks to move into the mid-Market/Tenderloin area which could effectively gentrify neighborhoods where the city’s poorest folks (many of them queer, transgender, immigrant and/or of color) currently reside. Three of the eight votes were cast by Supervisors who call themselves “progressives.” (Supervisor Jane Kim, David Chiu and Eric Mar). The three progressives Supervisors who opposed Twitter deal were John Avalos, David Campos, and Ross Mirkarimi.
The rally, organized by the San Francisco Labor Council and part of a nationally coordinated “We are One” AFL-CIO campaign, began at the San Francisco headquarters of Bank of America, terminating at the San Francisco Federal Reserve building after passing by the offices of Chase Bank, Morgan Stanley, Deutsche Bank and the Hyatt Regency Hotel along the way.
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