Prepare to have your mind blown by the latest example of liberal policy gone awry: San Francisco, our beloved bastion of “progressive” values, is losing businesses left and right. What’s the culprit, you ask? Well, apparently, Econ 101 was too tough a course for city leaders to grasp.
Walgreens, the pharmacy chain we all know and love, announced the closure of FIVE more stores in San Francisco. Why? Because theft and retail crime are skyrocketing in the city. Can you believe that? It’s almost as if… hear me out… weak policies on property rights actually have consequences!
But wait, there’s more! It’s not just the big bad corporations suffering here; it’s also the employees, customers, and even local governments losing out on tax revenue. Communities are being hit hard, with local politician Ahsha Safai expressing devastation over the closures.
This mess can be traced back to 2014, when a ballot referendum downgraded the theft of property under $950 from a felony to a misdemeanor. Since then, enforcement of shoplifting charges has nosedived, and the city’s shoplifting problem has gone through the roof. Who could’ve guessed that easing up on criminals would result in… more crime?
The wise Thomas Sowell once said property rights serve a social function to benefit countless people. But San Francisco’s misguided quest for “social justice” has led to the city’s current crisis. So, my friends, gather ’round and witness the real-world impact of abandoning basic economic principles – it ain’t pretty!
#SanFranciscoFail #LiberalPoliciesGoneWrong #WalgreensExodus
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