1 00:00:00,120 --> 00:00:03,360 Speaker 1: In a Washington Post OpEd Bill Whalen of the Hoover 2 00:00:03,480 --> 00:00:07,440 Speaker 1: Institution asks if San Francisco is trying to hasten its 3 00:00:07,440 --> 00:00:11,200 Speaker 1: own demise. He concludes that they are. He says the 4 00:00:11,200 --> 00:00:13,440 Speaker 1: city looks like a ghost town because so many people 5 00:00:13,440 --> 00:00:18,279 Speaker 1: are working remotely. The office vacancy rates over the once 6 00:00:18,360 --> 00:00:21,320 Speaker 1: red hot real estate market is tanking rents of drop 7 00:00:21,360 --> 00:00:24,720 Speaker 1: by almost and there are twice as many homes for 8 00:00:24,760 --> 00:00:27,319 Speaker 1: sale today compared to a year ago. It's about to 9 00:00:27,320 --> 00:00:30,920 Speaker 1: get worse too. On election day, San Francisco voters approved 10 00:00:30,960 --> 00:00:36,440 Speaker 1: a proposition known as the Overpaid Executive Tax. It's a 11 00:00:36,479 --> 00:00:39,400 Speaker 1: surcharge tax for companies who pay their top people over 12 00:00:39,440 --> 00:00:43,600 Speaker 1: a hundred times what the typical worker makes. This tax 13 00:00:43,680 --> 00:00:47,000 Speaker 1: was tried in Portland, Oregon. It was a disaster. Corporations 14 00:00:47,040 --> 00:00:50,800 Speaker 1: did not lower executive salaries. They cut loose workers at 15 00:00:50,800 --> 00:00:53,600 Speaker 1: the lower end of the spectrum and replaced them with 16 00:00:53,680 --> 00:00:57,200 Speaker 1: independent contractors. They always find a work around. This week, 17 00:00:57,280 --> 00:01:00,840 Speaker 1: San Francisco's authoritarian Board of Supervisors held on another set 18 00:01:00,840 --> 00:01:03,639 Speaker 1: of restrictions on top of the harsh COVID rules. If 19 00:01:03,680 --> 00:01:07,120 Speaker 1: you live in an apartment, you cannot smoke any tobacco 20 00:01:07,200 --> 00:01:12,680 Speaker 1: product anywhere in your home period. However, smoking a doobie 21 00:01:12,959 --> 00:01:16,200 Speaker 1: a marijuana joint at home, well that's fine, that's okay. 22 00:01:16,560 --> 00:01:20,319 Speaker 1: People used to leave their heart in San Francisco. Today 23 00:01:20,640 --> 00:01:22,839 Speaker 1: you might lose your mind there