Posts Tagged ‘San Francisco Office of Economic and Workforce Development’

Oh, Here We Go! The Bay Citizen’s Gerry Shih is All Over the Twitter/Mid-Market/Corporate Welfare Sitch

Tuesday, February 22nd, 2011

Now you kids are too young to remember, but back in the day Furniture Mart was the thang, full of visiting Midwestern honeys ready to par-tay in the 415. Good times.

But really, the reason why all those Midwest farmers daughters came back to San Francisco all those years, well it had to do with history, the history of when the 415 was the Capital of the West as opposed to Just Another Ci-tay Near the West Coast, you know, beneath L.A., Fun Diego, San Hoser, Seattle and Portland (yes, sometimes even Portland).

So now, all the furniture-crazy party girls par-tay every year in Vegas, baby, thanks to a whole lot of corporate welfare. But, somehow, a little bit of tiny, half-assed corporate welfare is going to make that all better. Somehow.

Gerry Shih of The Bay Citizen has some of the deets, anyway, or all the deets so far:

Prospective Twitter Landlord Gave Newsom Rent Deal

Ten points for Gryffindor.

Click to see through the see-through-building

And San Francisco Business Times, you expect people to pay for your half-assed editorial about ineffective, half-assed corporate welfare? You’re dreaming.

And if getting rid of the payroll tax is so great, why don’t we do it everywhere instead of just in one place?

(Oh what’s that you say, Bidness Times? YES YES YES, you say? Well then, we agree one thing, anyway. But doesn’t this whole Mid-Market deal smack of corruption, BT? Discuss.)

And Twitter, this is how you roll? (Donkeys live a long time, Twitter.)

How is Changing Our Tax Rules Just for Twitter Not Corporate Welfare?

Thursday, February 10th, 2011

Answer: It _is_ corporate welfare, the practice of government picking corporate winners and losers, something any govmint isn’t really so hot at doing. Oh well.

Corporate Welfare – Free Market Fundamentalism often leads to corporate welfare because deregulated markets often allow corporations to become so overgrown, even to the point of monopoly, that their influence over the government balloons and balloons. They can game the system so that government programs end up funneling money straight into their own pockets.”

Is the Furniture Mart building covered in this deal? Don’t know. It shouldn’t be.

As seen from Fell Street. They used to have furniture shows here twice a year, don’t know if they still do.

What’s that? You say, “This boondoggle isn’t just for Twitter?”

Oh yes it is! Right now it is, anyway. Next question.

“But this scheme is ‘revenue neutral’ right?”

Nooope.

“But at least we saved the Twitter from moving away.”

Uh, maybe. The problem with the proposed corporate welfare is that it won’t save Twitter all that much money. So it’s like the Mayor recently signing up for the Twitter service – it’s a nice gesture, it shows we care about Big T, but we’re not talking big bucks here anymore. Maybe there was talk of that last year, but the current proposal is pretty weak tea.

So it’s corporate welfare, but Twitter won’t benefit too much from it. Is this really going to keep Twitter here? And if they end up staying, how do you know they based their big decision on such a small amount of money?

And then they’re saying how Twitter will have 3000 employees in San Francisco in 2020. Can I get in on this action? Can I place a bet saying how that’s not going to happen? What color is the sky in your world, the world where you know The Future? Why did you change your green eyeshades for rosy rosy rose-colored glasses?

Oh well. Maybe we’ll end up loving the Twitter from afar. But that’s O.K.

So Who Cares If Twitter Moves to Brisbane Or Not?

Thursday, January 13th, 2011

How do you handle things when the Twits (do they call themselves that?) from Twitter start Tweeting about migrating down to Brisbane for the winter and beyond?

Choose one:

1. “We are going to do everything in our power to keep Twitter’s headquarters here[Ooh, sounds expensive] or;

2. “Love your stuff, Twitter babe, too bad about that whole hacking thing a while back, yep them passwords, OMG, really? – she just flew up from Hollywood and she’s in your office right now? that’s swell, hey we’re going to miss you if you all actually decide to leave us, let us know if you need a temporary permit for the moving trucks or whatnot. Bon courage, gotta go…

And then somebody else would move into that space at Third and Folsom. You see how that works?

Does the San Francisco Office of Economic and Workforce Development “pay for itself?” Nope.

Does the San Francisco Office of Economic and Workforce Development “create jobs?” Nope.

Does the San Francisco Office of Economic and Workforce Development have the competency to pick winners and losers? Nope.

Anyway…