San Francisco voters are smart, so why would they want another stupid tax … or would they?
San Francisco voters are considering the reimplementation of the Overpaid CEO Tax, which targets large companies with high CEO salaries. A recent study suggests that this tax could lead to significant job losses and a reduction in the city's GDP. The article questions whether punishing CEOs for high earnings is worth the potential economic consequences for employees.
- ▪The proposed tax aims to impose a gross receipts tax on companies with CEOs earning 100 times more than the median employee.
- ▪Estimates indicate that the tax could result in approximately 1,000 job losses in San Francisco.
- ▪The city could see a GDP reduction of around $200 million if the tax is reinstated.
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Opinion San Francisco voters are smart, so why would they want another stupid tax … or would they? By Pirate Wires Published May 27, 2026, 9:00 p.m. ET See more of our coverage in your search results. Add The California Post on Google 1. The Undereducated Voter Tax by Riley Nork San Francisco is getting ready to vote on whether to restore its so-called Overpaid CEO Tax, a measure with a name straight out of a Bluesky focus group — designed to sugar-coat its actual impact. Not unlike a class president’s new Free Ice Cream initiative failing to disclose the ice cream in question will be exclusively anchovy-flavored, the city controller’s office is out with a new study that reads less like an economic analysis and more like a basic lesson out of Econ 101.
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