Silicon Valley hasn’t seen this much turmoil in decades. Big, liberal tech. is drowned in controversies for taking the lead on American censorship. Infrastructure is crumbling from traffic jams. Traffic jams are over-polluting the area and causing health issues. Homelessness is growing rampantly thanks to excessive inflation and taxes.

But there’s a new type of tax being introduced in San Francisco: one based on stock-based compensations. In other words, tech employees are getting taxed for investing in American technology.

Democrat Gordon Mar, who rules on the San Francisco Board of Supervisors, will now put the new tax at 1.5%, if it passes with the rest of the Board.

“Tomorrow Uber will open for its first day of trading on the stock exchange in the largest IPO since Facebook,” Mar bragged outside the city’s City Hall to the San Francisco examiner, a local newspaper. “Today we are taking action.”

But Uber employees, other tech workers, and local Chambers of Commerce didn’t share his excitement. The Wall Street Journal revealed that even companies normally supportive of Democrats, such as Google and Apple, have protested through the Silicon Valley Leadership Group. Essentially, it’s a liberal vs. liberal fight.

For the first two years, various estimates say that taxpayers can lose up to $200 million. Mar and California Governor Gavin Newsom has pledged that the tax dollars will be used to subsidize cheap housing and various social services.

Ultimately, the Board has until July to pass the taxes. Meanwhile, everyone can just hold their breath or pray.