San Franciscans Protest the Twitter Tax Break
|March 15, 2014||Posted by Staff under Activism, High Cost of Land, Taxes|
This 2014 excerpt of In These Times, Feb 20, is by Julia Wong.
More than 400 San Francisco city workers, many dressed as Cupid, marched in protest of Twitter’s ‘sweetheart’ tax break to Twitter headquarters.
The protesters were members of Service Employees International Union Local 1021, which is currently negotiating with the city over contracts covering more than 13,000 workers.
The Twitter tax break — a six-year payroll tax exclusion area around Twitter’s offices in the Central Market/Tenderloin neighborhood — has drawn numerous tech companies to the area.
Add to that the $6 million tax break the nearby Zynga received in 2011 and the $500 million in fines San Francisco chose not to levy against Silicon Valley companies whose private shuttles illegally use public bus stops.
City workers, in recent contracts, accepted furloughs, increased contributions to pensions, wage freezes, and layoffs. Hundreds of workers were also temporarily reassigned to classifications with lower rates of pay.
SEIU 1021 plans to support an anti-speculation tax aimed at those buying real estate for reselling soon thereafter at a higher price.
Another idea local officials are discussing with SEIU International leaders is investing the 1021′s reserves in community land trusts to create affordable housing in San Francisco or Oakland.
Ed. Notes: All the ingredients are there to make San Franciso a geotopia. People are savvy about tax breaks, land speculation, rent inflation, and land trusts. All they need to do is to quit opposing tax breaks for wages, demand a tax hike on locations, and thereby use the sky-high site values of the City on the Bay for resident’s dividends, a la Singapore.
I say, “All they need to do” as if it’s a simple political matter. It’s not. But they do have a movement already started with the unions. They might be able to expand it to include students, homeowners, small businesses, and environmentalists.
Greens tend to like the shift of taxes off buildings and other goods, onto sites, since the higher “land dues” (land tax, land use fee, deed fee, whatever) spurs owners to use their land efficiently. As metro land gets used more intensely, suburban and rural land need not be used at all.
This geonomic policy has worked before, wherever tried, to the degree tried.
What’s needed is something that’d captivate the imagination and inspire a critical mass, and that could be the call to transform high land values into dividends for all San Franciscans. The dividend could actually make a furlough fun!