San Francisco voters pass 'Overpaid Executive Tax'

oodness San Francisco has found the answer:

h are deeply strained from the consequences of inequality. We will hire nur ses, social workers and emergency responders, and expand access and treatme nt.?

They will simply be paid in stock options or other incentives (free jet, an yone?). Local politicians don't understand finance.

There's been about $4 trillion in coronavirus "stimulus" so far of various types and about $1 trillion of that has gone directly into the personal coffers of about 25 people.

and perhaps .0..01% (not sure how many zeros) of that would be subject to SF business tax, just a drop in the bucket. Extend that to the state, then a cup in the bucket. Extend that to the nation, then might start making people think.

Excellent. SF is over-crowded with over-paid geeks. Anything that exports big businesses to Texas will help.

What should we do with an empty Salesforce building?

When I moved to SF, it was just another city. My rent for a 1br in New Orleans was $230 a month and I got a flat in SF for $315, a block from Dolores Park. That flat now rents for around $5K per month.

Local?

goodness San Francisco has found the answer:

ch are deeply strained from the consequences of inequality. We will hire nu rses, social workers and emergency responders, and expand access and treatm ent.?

Salesforce Apartment. Apartment vacancy is only 30%, much better than the

k goodness San Francisco has found the answer:

hich are deeply strained from the consequences of inequality. We will hire nurses, social workers and emergency responders, and expand access and trea tment.?

or perhaps Salesforce Homeless Hotel.

We could have shooting galleries, and reserve every 10th apartment for drug dealers and social workers.

We could have tents and piles of garbage in the hallways, for people who prefer that.

It would help the nation if they weren't allowed to vote in Texas.

Most MBAs and managers don't understand business so it works out.

Nobody understands economics (or climate) at large scale. Both are poorly understood, wildly chaotic systems. So it's best to let an economy do what it wants to do.

Economics is one of those areas of study where Econ101 makes a lot of sense, and more advanced courses make progressively less.

ank goodness San Francisco has found the answer:

which are deeply strained from the consequences of inequality. We will hir e nurses, social workers and emergency responders, and expand access and tr eatment.?

et, anyone?). Local politicians don't understand finance.

John Larkin doesn't understand much, and imagines that everybody else is cr ippled in the same way. He's wrong. We don't understand every last detai l, but we do understand well enough to make useful interventions.

Which is to degenerate into monopolies and cartels. The US has had the She rman Act since 1890 to discourage this tendency.

se, and more advanced courses make progressively less.

John Larkin doesn't seem to pay much attention to lectures he doesn't under stand, and hasn't got the idea that if he worked harder on understanding th e basics he'd be better place to understand the rest of the content.

If the climate were actually "wildly chaotic" modern industrialized/technological civilization would have been a much more difficult to impossible endeavor to pull off.

The climate only becomes "wildly chaotic" when scientists attempt to model it and the results say things Mr. Larkin doesn't like to hear...

ank goodness San Francisco has found the answer:

which are deeply strained from the consequences of inequality. We will hir e nurses, social workers and emergency responders, and expand access and tr eatment.?

et, anyone?). Local politicians don't understand finance.

Economic models work well over the long run. but could be disrupted by exte rnal forces. Energy cost is a great example. We don't see much energy inf lation since the 70s, precisely because it was such a great disruption and we are so used to the high plateau. But if we start from the 60s, housing, food and energy prices all follow the same expansion in money supply.

San Francisco had a great technical wealth expansion, but will have to reve rse back to the mean, with or without the pandemic. The pandemic just spee d it up, while the fed bailout is slowing it down. It's a slow wrecking of the city, bailout money just slow it down, but won't stop it.

In downtown area, with around 30% residential vacancies, 30% office occupan cies, rental rates are down around 30%. Property prices need to adjust 30 % downward, which would bring the median house price to one million dollars or less. How many unemployed people can afford a million dollar house?

Why would I care what they say? They're always wrong.

Last time I checked, the human population was still better fed and increasing, and the West Side Highway wasn't underwater, and it still snows in England, and the polar bears are doing fine.

I suppose they just need more powerful computers.

"Trust the Science."

All the big busts - dot com, mortgage, the next one coming up - suprised all the experts and policy makers. Computer models are not usefully predictive for economics or for climate.

Chaos theory got its big kick-start when people noticed how useless were computer models of weather.

There is a big difference between climate and weather which you are far too keen to gloss over. The long term average of a signal can still be well defined even in the presence of a lot of high frequency noise.

Climate change is that change in long term averages of seasonal weather.

I have crocus in flower in my UK garden right now. They are flowering a month too early! Shame really as there are no pollinators flying about. In France Champagne region summers are now becoming too hot for the grape varieties that make the product that they are famous for.

I think the distinction between weather and climate is entirely arbitrary. Meteorological variations are noisy at all frequencies.

If there is a clear break point in the spectrum of climatological variations, we might have some basis to separate climate from weather, but I've never seen an analysis demonstrating that. The variations are probably 1/f, but all they seem to be interested in is to accentuate trends. Distinguishing trends in 1/f noise is silly.

Jeroen Belleman