Sanders plan will adversely impact the bay area, and home prices in particular.  If you&#x27;re making over $250k, the social security phase out goes away, you have 2.2% of extra income tax, and 6.4% of new payroll taxes.  Add in 11% for CA, and you could easily be losing 70% to tax all-in at the margin.  It&#x27;ll be tough to get employers to pay an extra $100k a year to cover a $30k rent differential.  Considering that you can already afford much higher quality housing with a higher standard of living outside of the bay area on half the money, why stay out here? San Francisco is gross anyway.<p>This plan will push the bay area in particular far to the right on the laffer curve.  What&#x27;ll happen to US GDP growth if the tech industry starts imploding and moving out?  It&#x27;s possible to make more in the bay area than in the rest of the country, but if you&#x27;re only retaining 30% of that excess, all of which is soaked up by long-time landowners and the insane cost of living, why bother.