It's because of profit. Amazon opposing the per-employee tax that would provide critical city services should help explain exactly where their priorities lie.
He also proposed instead of a flat tax, it would be progressive like income tax. Larger companies would pay a higher effective rate than small ones in the same sector but the Board of Supervisors didn't approve.
The City of SF has trust of over $24 billion and also administers a defined benefit retirement plan for ~65,000 current & retired employees of SF. And the President of the Retirement board who manages 24 Billion I believe is not someone from Goldman or finance background but a police officer?
SF priorities: Get electric bikes and scooters out of SF but create an unsafe city and homeless to walk around naked and dropping their poop and needles everywhere is okay
mostly opposed by local homeowners