Speaker 1: In a Washington Post op ed, Bill Whalen of the
Speaker 1: Hoover Institution asks if San Francisco is trying to hasten
Speaker 1: its own demise. He concludes that they are. He says
Speaker 1: the city looks like a ghost town because so many
Speaker 1: people are working remotely. The office vacancy rates over the
Speaker 1: once red hot real estate market is tanking rents of
Speaker 1: drop by almost and there are twice as many homes
Speaker 1: for sale today compared to a year ago. It's about
Speaker 1: to get worse too. On election day, San Francisco voters
Speaker 1: approved a proposition known as the Overpaid Executive Tax. It's
Speaker 1: a surcharge tax for companies who pay their top people
Speaker 1: over a hundred times what the typical worker makes. This
Speaker 1: tax was tried in Portland, Oregon. It was a disaster.
Speaker 1: Corporations did not lower executive salaries. They cut loose workers
Speaker 1: at the lower end of the spectrum and replaced them
Speaker 1: with independent contractors. They always find a work around. This week,
Speaker 1: San Francisco's authoritarian Board of Supervisors old 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