Business Tax

The tax would nearly double the $380 million the city currently spends on the homeless. It is unclear if it requires a two-thirds majority vote to be implemented. San Francisco risks chasing away its wealth-producing businesses and has failed to consider other options.

Ronald Reagan wrote in his autobiography, An American Life, “[M]y major was economics. But I think my own experience with our tax laws in Hollywood probably taught me more about practical economic theory than I ever learned in the classroom or from an economist.”