Posted on 10/12/2020 3:49:44 PM PDT by dynachrome
San Francisco experienced a 43% year-over-year decline in sales tax revenues during the pandemic, which has been credited to an exodus from the expensive city.
San Francisco’s chief economist Ted Egan attributed the drop in revenue that occurred between April and June to a flight of individuals from the city, rather than a decline in activity due to the pandemic.
Egan told Fox News that while areas throughout California experienced a decline in sales tax revenues, other cities saw an uptick in online sales – but San Francisco did not.
“In San Francisco, we saw a big drop in brick-and-mortar sales, and very little increase in online sales,” Egan said. “So it raises the question, where did that spending go?”
(Excerpt) Read more at foxnews.com ...
If 43% of the population is gone, the fiscally responsible course of action is to reduce the city employees accordingly. I don’t think that will happen until they actually can no longer make payroll.
Maybe he can’t figure it out, but we sure can!
The exodus isn’t helping but I would have to think the majority of that is because they closed everything down to the 9th degree.
Only one solution, raise the taxes even more!
This is a distinction without a difference.
If you really wanted to be, ya know, 'scientific' about it, you would do a per capita ticket/receipt count to find out if there was actually no decline in per capita spending, vs a decline in people spending.
...and the San Fran refugees shall, like cockroaches, move onto and invest a heretofore fine neighborhood. And destroy it.
It’s because liberals never question their mental model. How can anyone who believes in science, believe in socialism? Do you have a dance is there in country after country after country, but only if you look at it
It’s a beautiful thing.
Locusts
Golden state goodbye
If San Francisco could sell meth filled human feces as manure, they might have an export market.
Socialist have no idea on how wealth is created, only how to spend.
When was the last convention booked in SF.
You mean shutdowns have consequences! Unpossible!
Everyone with an income is leaving. So the answer is raise taxes on everyone who stays! (I wish I was kidding)
Oh dear. Looks like they will start having to tax the sidewalk campers. Lol
And shutting down their economy for over half a year is what really did it. People,havent left fast enough, this is deflecting it off the true source which has been the failed lockdown policies.
Agreed. I can’t wear a mask and explaining it to the Karens got tiresome. So I don’t go out and my discretionary spending has plummeted.
I’m sure there are many more just like me.
I left with my money...from San Francisco...
I left NAZI and my poopy shoes behind.
Feel the SUCK PSYCHOPATHPLASTICFACE
Millions. 330 MILLION v. ???? Well-stated rockrr. #metoo
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