It's up to SF to manage their city accordingly. If anything the city has been blessed by the types of organizations that keep it afloat. They can definitely tax, but they should look to make it competitive. For instance...the projected number of 3000 Twitter employees in 2013 at a rent rate of 1000 dollars per employee per month equates to 172M dollars in rent a year in the city of SF. Of course, not everyone will live IN SF, and perhaps the average will be lower -- but that's still an enormous amount of money moving out of the city (to pay for all those nice things you mention).
Furthermore, and I'm still figuring out the numbers on this one, I am curious to see what the sales tax losses (among others) will be when major companies like these move away from the city.
And really, it puts entrepreneurs in an awkward position of being forced to go to SF (because that's where all the talent want to be) and having to find a way to survive as well. San Francisco is definitely right to earn taxes on the many wealthy individuals that live in its borders, but I do think there is a more symbiotic relationship to be had.
Furthermore, and I'm still figuring out the numbers on this one, I am curious to see what the sales tax losses (among others) will be when major companies like these move away from the city.
And really, it puts entrepreneurs in an awkward position of being forced to go to SF (because that's where all the talent want to be) and having to find a way to survive as well. San Francisco is definitely right to earn taxes on the many wealthy individuals that live in its borders, but I do think there is a more symbiotic relationship to be had.