San Francisco Considering IPO Tax To Steal Tech Wealth In The Name Of Income Inequality
The title of this video is not clickbait. The city of San Francisco with seeing the success of tech companies and their going public has decided to try to cash in on their success by leeching off of it. The city’s Board of Supervisors is looking to tax IPO stock that individuals were given by companies during their initial public offerings as payment, along with any stock the company holds onto from it. They are looking to do this in the name of income inequality because it is supposedly fault of the tech companies and their employees that the cost of living, property and rent is so high, not to mention the housing shortage. Which is just an excuse to use this ridiculous tax to steal the wealth of successful companies and the people who make them successful.
In this video we take a look at this blatant attempt of the city’s Board of Supervisors to use a situation the city’s government created to to stick their hands in the pockets of others.
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