I see this (like a lot of things) as a negotiation tactic:
1. SF levies taxes on companies headquartered in SF. The message: “Pay us for the privilege of being in SF”.
2. SF companies move their headquarters but promise not to cut jobs in SF. The message: “We already provide lots of middle-class jobs in your city, providing tax revenues. It is not in your interest for those jobs to go away.”
1. SF levies taxes on companies headquartered in SF. The message: “Pay us for the privilege of being in SF”.
2. SF companies move their headquarters but promise not to cut jobs in SF. The message: “We already provide lots of middle-class jobs in your city, providing tax revenues. It is not in your interest for those jobs to go away.”