The Bluest City In America Just Rejected Democrats’ ‘Tax the Rich’ Scheme

more than 100 times the median worker. Under Measure D, the formula would have compared executive pay against a company’s entire national workforce, not just its San Francisco employees, while also raising the tax rates.

Supporters promised the measure would bring in $250 to $300 million a year for city services. The city’s own analysis found it would continue reading …