Speaker 1: In a Washington Post OpEd Bill Whalen of the Hoover
Speaker 1: Institution asks if San Francisco is trying to hasten its
Speaker 1: own demise. He concludes that they are. He says the
Speaker 1: city looks like a ghost town because so many people
Speaker 1: are working remotely. The office vacancy rates over the once
Speaker 1: red hot real estate market is tanking rents of drop
Speaker 1: by almost and there are twice as many homes for
Speaker 1: sale today compared to a year ago. It's about to
Speaker 1: get worse too. On election day, San Francisco voters approved
Speaker 1: a proposition known as the Overpaid Executive Tax. It's a
Speaker 1: surcharge tax for companies who pay their top people over
Speaker 1: a hundred times what the typical worker makes. This tax
Speaker 1: was tried in Portland, Oregon. It was a disaster. Corporations
Speaker 1: did not lower executive salaries. They cut loose workers at
Speaker 1: the lower end of the spectrum and replaced them with
Speaker 1: independent contractors. They always find a work around. This week,
Speaker 1: San Francisco's authoritarian Board of Supervisors held on another set
Speaker 1: of restrictions on top of the harsh COVID rules. If
Speaker 1: you live in an apartment, you cannot smoke any tobacco
Speaker 1: product anywhere in your home period. However, smoking a doobie
Speaker 1: a marijuana joint at home, well that's fine, that's okay.
Speaker 1: People used to leave their heart in San Francisco. Today
Speaker 1: you might lose your mind there