Slippery Slope: San Francisco Approves ‘Overpaid Executive’ Wealth Tax On Company CEO’s

[rangerrebew]

Slippery Slope: San Francisco Approves ‘Overpaid Executive’ Wealth Tax On Company CEO’s

“Even critics of modern income equality see policy prescriptions such as this as counterproductive”
San Francisco
Lord Staff

While Congress is figuring out how to get a second round of COVID-19 stimulus checks to Americans, San Francisco is charging full steam ahead on its end-goal of distribution of wealth. The city recently passed its latest “wealth tax” which supporters affectionately call the “overpaid executive tax,” making another great leap down its already slippery slope towards financial ruin.

National Review assessed the new tax reporting, “even critics of modern income equality see policy prescriptions such as this as counterproductive.” In the COVID-19 era, “San Francisco needs all the help it can get to attract businesses and well-paid taxpayers. This couldn’t come at a worse time.”

https://thejeffreylord.com/slippery-slope-san-francisco-approves-overpaid-executive-wealth-tax-on-company-ceos/

[PeteS in CA]

The SF-Exit tax.

[GtHawk]

The SF-Exit tax.

Businesses and producers just weren't leaving fast enough so the morons decided to grease the skids.