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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. As it turns out, taxing the you-know-what out of companies leads to fewer jobs! They estimate the measure, which would reimplement a gross receipts tax for large companies with a CEO earning 100 times more than the median employee, will cost the city ~1,000 jobs and lead to a GDP reduction of roughly $200 million. Dear SF voters: Before punishing CEOs for “making too much”… do consider whether employees “making nothing” is an upgrade.
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Last week, Stanford undergrad Theo Baker released “How to Rule the World,” a memoir about his experience at my university. Baker exposes a part of the culture here, wherein shady Silicon Valley tech moguls and venture capitalists wine and dine Stanford’s most desired students with yacht parties and pre-idea funding… and I have a confession to make. This is all true. It is also, sort of, the whole point of Stanford. Yes, the party scene is lame, and the striver culture can be insufferable, but Stanford also assembles the most brilliant young minds in America and then deploys them into the industries that actually matter. You do not need a secret society to get ahead here, and you do not need to be plucked from a pre-professional club… if you are smart and savvy enough, massively successful companies come knocking. Baker frames that as a scandal. But it’s actually how we escape the permanent underclass. The machine is working as designed, thank you.
Ferrari unveiled the Luce on Monday, its first fully electric model: a teardrop-shaped, glassy, two-toned little pod with none of the aggression or bravado you’d expect from an Italian sports car. It’s the result of a five-year collaboration with LoveFrom, the studio founded by Apple designer and noted Ferrari collector Jony Ive, and reactions ranged from “ew” to “jfc why does every car have to look like this now,” while Wall Street research analysts called it a “mix between a Honda Accord EV and Tesla 3.” Call me old fashioned, but a $640K car shouldn’t look like some larger version of your $300 AirPods case. Give me flourish, impracticality, make it sharp, beautifully menacing, RED! A Bond villain should look natural behind the wheel, winding through the hills above Monte Carlo. If I wanted a car that looks like a McDonald’s Happy Meal toy, I would just buy a Volkswagen.
Source: California Post – Breaking California News, Photos & Videos
