[AimForTheBushes]

Honestly, I don't think that applies to the situation in the article. The gross receipts tax is hindering them from being globally competitive. Companies like Salesforce, with it's huge gross margins barely get taxed anything while companies with minimum margins are being taxed on every sale. It seems like SF over regulation will push fintech companies to pretty much anywhere else.

[malandrew]

> It seems like SF over regulation will push fintech companies to pretty much anywhere else.

I personally hope that happens. I never want to live/work in SF ever again, so the more tech jobs that leave, the more options I have that aren't SF. These companies are in a city and state that do not deserve their golden geese. The entire time I lived there I was constantly asked myself why I was paying such high taxes to a state that consistently works against my self interest.

[staticassertion]

Same. I assume most people are just saving up to leave.

[vecinu]

I think the numbers would be staggering if they could be accurately measured.

I know so many people that live in SF/Bay Area saving up to move away ASAP.