The Lex­i­con Home­less tax

The Irish Times - Business - - BUSINESS | INTERVIEW -

Vot­ers in San Fran­cisco weren’t only vot­ing for who they wanted in Congress this week, they were also de­cid­ing on a bunch of other things, in­clud­ing the fate of Propo­si­tion C, a tax on big busi­ness set to raise an es­ti­mated $300 mil­lion for the city’s long-term home­less­ness cri­sis.

Dubbed the “home­less tax”, the pro­posal be­came the sub­ject of a war of words be­tween tech bil­lion­aires and ex­ecs.

Its most vo­cal sup­porter, Sales­force’s Marc Be­nioff, pub­licly took to task some of the op­po­nents, who in­cluded Twit­ter boss Jack Dorsey, Zynga founder Mark Pin­cus, and Stripe chief ex­ec­u­tive Pa­trick Col­li­son. Op­po­nents said the tax would be un­fairly ap­plied and there were bet­ter ways to tackle home­less­ness any­way (back­ing the po­si­tion of mayor Lon­don Breed). De­spite Stripe’s do­na­tion of $419,000 to the “No on Prop C cam­paign”, the tax won the sup­port of 60 per cent of the elec­torate.

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