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Posted on 03/02/2026 1:35:42 AM PST by Libloather
A powerful San Francisco group is unleashing $10 million this year to kill taxes that they say will destroy the city’s fragile economic recovery — and potentially increase the price of food and goods for already cash-strapped residents.
Neighbors for a Better San Francisco, a moderate advocacy group, plans to beat back a wave of lefty initiatives and candidates this year that they say will derail years of progress in liberal San Francisco, according to its director Jay Cheng.
One of the group’s main targets is a so-called “CEO tax” — a June ballot measure backed by progressives and labor unions that doesn’t tax individual executives but rather companies with a large gap between what the top executive and the median worker earns.
“It’s going to destroy our economy overnight, there’s no question,” said Cheng.
Shops like Nordstrom, the Gap, Starbucks, Target, Chipotle, Ross Dress for Less, CVS and Grocery Outlet would face huge tax increases — passing costs onto consumers or even ditching the city entirely, according to Cheng.
“If the CEO tax passes in June, the message to business is you can’t reliably predict what your tax bill will be year over year,” he said.
“Your tax bill will suddenly be 800% higher — no business can plan around that.”
San Francisco has an existing “overpaid CEO” tax that adds a surcharge to companies’ bills based on the ratio of executive and worker pay.
The new CEO tax, pushed by the SEIU and other labor groups and leftist elected officials such as Supervisors Connie Chan and Jackie Fielder, would dramatically increase that surcharge for firms whose highest-paid exec earns more than 100 times the median worker. Organizers say it could raise $200 million annually to preserve “essential city services.”
(Excerpt) Read more at nypost.com ...
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Commies - difficult to compute the amount of greed and envy involved. But it's a lot.
We have 2 problems at once in this country, the socialist communist desire to take everything and the corporate greed of those with no Christian principles for business, they forgot all should serve God, not some mythical “shareholder” profit at all costs.
A business is not only about profit but also about actually employing people and adding value to the community.
“Tax the rich” but what they would prefer is that the Middle Class pay for everything.
Dems against raising taxes? Satan just checked his thermostat!!!
Communists don’t want America to succeed. They are the enemy within.
Alvin Lee and Ten Years After
https://youtu.be/zEQNb17BSd0?si=h2-oMzRPoo65Z11C
A few interesting things...
Dykes and Fairies
Tell me where is Sanity?
Tax the Rich
Feed the Poor
‘Til there are no Rich no more
🤔🤔🤔
This should all work out well...
Check the windows 🪟🪟🪟
for Flying Pigs 🐖🐖🐖🐖🐖
Destroying the economy...the left destroys everything it touches. Worthless human scum is what they are
Yet another example of a leftist group abusing Constitutional rights (redress of grievances) to push its agenda. The Communists swore they would defeat us using our freedoms against us, and they have achieved much success. I don't see how a free country stays free without checking these groups, but a free country has to find a way. This CEO tax is only one of dozens of control-initiatives they have pursued in recent years. How do they have standing to push any of these laws? Why is it their place to raise taxes on others? They need to be reined in.
I thought the current mayor was part of this “moderate” group?
We need a Pinochet badly.
Politician - D isgusting
I guess they'll be moderately successful. Maybe just existing is a plus in SF. No doubt the usual names will be applied to them.
Really rich people would be wise to merely rent.
You haven’t been aware of the Democrats fighting for years to increase SALT deductions?
Why single out corporations?
What is the pay gap between star athletes and the ticket takers and concession stand operators?
What is the pay gap between rock stars and the people who set up the equipment?
And finally how much of the pay gap is deferred salary or options that depend of the success of the company?
Money for nothing and trans for free.
This ‘CEO tax” actually penalizes the companies like Walmart or grocery chains the most.
Techies usually pay most of their workers well, and they can just outsource all the janitors etc., to avoid it.
Small companied do not pay CEO’s that much.
Both of these things will happen.
San Francisco is already a very very expensive city that adds surcharges onto just about everything.
These are businesses that have already fled the communist controlled city:
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