1 00:00:00,120 --> 00:00:03,080 Speaker 1: In a Washington Post op ed, Bill Whalen of the 2 00:00:03,120 --> 00:00:07,120 Speaker 1: Hoover Institution asks if San Francisco is trying to hasten 3 00:00:07,240 --> 00:00:11,080 Speaker 1: its own demise. He concludes that they are. He says 4 00:00:11,119 --> 00:00:13,160 Speaker 1: the city looks like a ghost town because so many 5 00:00:13,200 --> 00:00:18,040 Speaker 1: people are working remotely. The office vacancy rates over the 6 00:00:18,079 --> 00:00:21,079 Speaker 1: once red hot real estate market is tanking rents of 7 00:00:21,160 --> 00:00:24,640 Speaker 1: drop by almost and there are twice as many homes 8 00:00:24,640 --> 00:00:27,280 Speaker 1: for sale today compared to a year ago. It's about 9 00:00:27,280 --> 00:00:30,440 Speaker 1: to get worse too. On election day, San Francisco voters 10 00:00:30,480 --> 00:00:36,400 Speaker 1: approved a proposition known as the Overpaid Executive Tax. It's 11 00:00:36,400 --> 00:00:39,200 Speaker 1: a surcharge tax for companies who pay their top people 12 00:00:39,240 --> 00:00:43,199 Speaker 1: over a hundred times what the typical worker makes. This 13 00:00:43,320 --> 00:00:45,879 Speaker 1: tax was tried in Portland, Oregon. It was a disaster. 14 00:00:46,320 --> 00:00:50,639 Speaker 1: Corporations did not lower executive salaries. They cut loose workers 15 00:00:50,680 --> 00:00:53,519 Speaker 1: at the lower end of the spectrum and replaced them 16 00:00:53,560 --> 00:00:57,240 Speaker 1: with independent contractors. They always find a work around. This week, 17 00:00:57,280 --> 00:01:00,800 Speaker 1: San Francisco's authoritarian Board of Supervisors old on another set 18 00:01:00,840 --> 00:01:03,680 Speaker 1: of restrictions on top of the harsh COVID rules. If 19 00:01:03,720 --> 00:01:07,160 Speaker 1: you live in an apartment, you cannot smoke any tobacco 20 00:01:07,240 --> 00:01:12,759 Speaker 1: product anywhere in your home period. However, smoking a doobie 21 00:01:13,000 --> 00:01:16,200 Speaker 1: a marijuana joint at home, well that's fine, that's okay. 22 00:01:16,600 --> 00:01:20,360 Speaker 1: People used to leave their heart in San Francisco. Today 23 00:01:20,680 --> 00:01:22,880 Speaker 1: you might lose your mind there