Shocking inequality: why San Francisco voted for ‘overpaid executive tax’

Faced by inaction on national and state level, city decided to go it alone and tackle huge wealth gap

On Matt Haney’s walk to work at San Francisco city hall he passes the luxurious homes of some of the richest US tech billionaires, as well as hundreds of the country’s most desperate people living in tent encampments on the street.

The “extreme, shocking inequality” he and the other 900,000 residents are forced to navigate every day led Haney, a member of the San Francisco Board of Supervisors, the city’s legislative body, to propose a new “overpaid executive tax” designed to help tackle the problem.

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