They also instituted the “San Francisco Office of Emerging Technology,” which in theory prohibits almost every future company and technology from existing in the city without prior approval from the local government. They failed to ban busses and cafeterias, though somehow succeeded in turning both into symbols of billionaire greed.
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They managed to ban vapes, scooters (effectively), electric bikes (kind of), and those little plastic swords that free men in free countries are still allowed to stick in cocktail fruit. The San Francisco ruling class did secure a few wins this decade. We’ve recently discovered our politicians are literally criminals, but they’re also bad at crime. Could the leadership really be this stupid, or was there corruption? Turns out both. These past ten years I often wondered where the city’s money went. This is because significantly increasing the local housing supply would decrease the value of the multi-million dollar homes almost every single one of our Supervisors owns, and we could never have that. This latter piece is important, as it appears to be the only thing our Board cares about. With our government’s incredible, historic abundance of wealth, the Board of Supervisors has presided over: a dramatic increase in homelessness, drug abuse, crime - now including home invasion - and a crippling cost of living that can be directly ascribed to the local landed gentry’s obsession with blocking new construction.
The budget of San Francisco literally doubled this decade, from around six billion to over twelve billion dollars. Technology workers do not “extract” value from the region, they are what makes the region valuable.Ĭalifornia is beautiful - San Francisco is truly, I think, one of the most beautiful cities in the world - but the soil isn’t made of magic, there’s no such thing as digging for microcode, and the Bay Area’s nativist, anti-immigration political climate has certainly not created the tech community, which is populated largely by immigrants, be they from out of the state or out of the country.Īmong many things, including talent, opportunity, and soft power, the technology industry has brought tremendous tax revenue to the Bay Area. This is the “network.” They are the network. The men and women leaving are the talent, they have started the incubators, they have built the companies, they have funded the startup ecosystem, and they have mentored countless young people. But I take extreme issue with the notion that industry leaders have taken something from the “community,” defined here as the “talent,” the “incubators,” and the “mentors.” This is precisely the opposite of reality.
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I have no sense of the personal or professional reasons that have so passionately committed him to the region, and I do think it’s commendable to stay and fight, even if donating to charities doesn’t constitute fighting, nor will it correct the Bay Area’s cascading series of political disasters.
One of the most popular, early threads on the subject, retweeted by a handful of high-profile tech journalists, began as follows: It’s the Substack Billionaire Boy’s Club at it again, but this time with shovels and axes and the exploitative fantasy of eating up all the “low-income” 29 million dollar mansions in Miami Beach. Like the evil army people from Avatar, and their unquenchable thirst for unobtanium. Like the milkshake guy from There Will Be Blood, sucking oil from the earth. But rather than “give back” to the land, they’re leaving with resources they “took” from the region. It goes something like this: young ambitious people moved to the state, and struck gold. As the catastrophic state of California’s finances finally begins to set in among politicians, anti-tech media personalities, and far left cultural influencers, the narrative on California’s techxodus - that is, the migration of California’s technology industry out of the state - has shifted from mockery, and “we’ll be better off without you,” to a far more sober, and increasingly-desperate “leaving California is immoral.”Īs it is simply too embarrassing for politicians to admit the state needs the technology industry after more than a decade of antagonizing the men and women who built it, and as it is political suicide for incumbent politicians in a one-party state to admit that every one of the problems we’re facing has been created by our elected leaders, a moral argument for tech’s responsibility to California, and specifically the Bay Area, has recently been produced.
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