http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/04/02/state/n060018D86.DTLI can just picture the San Francisco Board of Supervisors sitting around, really putting all their brainpower into solving the city's debt. No doubt they're feeling the pressure of the whole state being neck deep in debt...what to do, what to do. There's a shortage of money everywhere you look. As public servants, you'd think the goal would be to help the public, especially those who need the most help.
Nope, here's a better idea: let's give money to those who absolutely do NOT need it--specifically Twitter. The same Twitter that is valued at $10 Billion right now. The company that could call Google or Facebook right now and immediately make those billions. They need the government's money?
(To be clear, Twitter is going to get extra tax breaks for staying in the city. So they aren't being handed money by the City, but it's pretty much the same thing.)
Reading through that article, my natural instincts screamed "Bribery." Maybe just a very subtle form of it.
And don't even get me started with the argument that all those jobs staying in the city will pump more money in & offset the lost tax money, and that will help the city build up the area where this law is being enacted. By the time that happens, that Board of Supervisors will have changed personnel at least once and they'll just get distracted and find some other bad plan to focus on.
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