The Lexicon Homeless tax
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.