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Boom for Whom?

March 31, 2014

Why isn’t San Francisco’s hot economy creating a budget surplus to address its costly byproducts?

San Francisco’s economy is booming these days, fueled by the latest dot-com bubble and a hot real estate market, sending more than expected tax revenue into city coffers. So why doesn’t San Francisco have a big budget surplus to help address the gentrification and displacement triggered by the boom?

The lack of satisfying answers to that question is adding to the populist political outrage that is now animating the city, from the regular street protests against evictions and rising income inequality to the corridors of City Hall, where labors leaders and progressive activists are calling for a repeal of the corporate welfare policies adopted by the Mayor’s Office… (more)

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2 Comments leave one →
  1. March 31, 2014 10:39 am

    It went to the same place as the “peace dividend” in 1989. No more cold war, because no more USSR, remember?

    Like

  2. March 31, 2014 10:53 am

    Mr. Moderator: I have to re-enter a lot of stuff because I killed my facebook account.

    I think that greedy billionaire sociopath is trying deliberately change our concept of privacy, and further abrogate the few protections we have been left. He’s just like any of the other
    1%ers He’s greedy, asocial, un-american capitalism run amok bastard, more powerful than most of the others because he controls our current means of info and communication
    Hes’s personally pushing us down the hill into the Idiocracy.

    Like

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