Jack Dorsey complains about 'unfairness' in San Francisco homeless tax on corporations

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Jack Dorsey complains about 'unfairness' in San Francisco homeless tax on corporations
BY ALI BRELAND - 10/19/18 06:04 PM EDT 1,066


Twitter CEO Jack Dorsey on Friday sounded off against a San Francisco measure to increase corporate taxes that would give the city more funding to tackle its homeless crisis.

Dorsey said he was opposed to San Francisco’s Proposition C because he believes one of companies he leads as CEO, Square, will be taxed at unfair rates compared to other major companies such as Salesforce.



The Twitter head wrote in a series of tweets that with the proposition’s passage, Square could potentially face more than $20 million in taxes in 2019 compared to Salesforce.

Dorsey and Salesforce CEO Marc Benioff, who strongly supports the proposition, have butted heads on the matter.

Benioff publicly questioned Dorsey’s commitment to fighting homelessness in a separate set of tweets last week.

The Salesforce CEO has contributed $1 million to campaigning for the initiative.

Proposition C would increase corporate taxes for companies based in San Francisco and put that money toward tackling homelessness in the city.

Polling has shown mixed support for the measure, from upwards of 56 percent of voters backing it to around 47 percent, depending on how it is framed.

San Francisco has a notorious homelessness crisis that has been exacerbated by its affordable housing crisis, with its real estate values the most expensive for urban areas in the U.S.

Despite being the 13th largest city in America, San Francisco has the 7th largest homeless population.


Jack Dorsey complains about 'unfairness' in San Francisco homeless tax on corporations


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[Triipe]

Proposition C would increase corporate taxes for companies based in San Francisco and put that money toward tackling homelessness in the city.

But how tho, until they city has an actual plan, this being about homelessness is just something to make a more attractive headline. They will levy a tax, and the proceeds raised likely will chopped and screwed before they ever made it to a food bank or other initiatives.

The issue certainly needs to be addressed, but raising taxes without an effective gov't plan of action ready isn't likely to solve the problem

 

[Rice N Beans]

Could have paid their workers appropriately and they'd have a home.

 

[DEAD7]

Could have paid their workers appropriately and they'd have a home.

 

[hashmander]

shyt i gotta agree with this dude.

they have a homeless problem because alot of people are being well paid and they are driving up the cost of living. that's how it generally works.

@Rice N Beans if you're a landlord and you have 10 apartments in your building and you're charging $600/month to people who make $30k a year. then a tech company shows up in town and they're paying their employees at least $60k a year and 10 of them are interested in your apartments when the leases are up. what do you think your rental rates will be for these new people? $1200/month?

 

[the cac mamba]

fukk are you talking about? of course it isnt fair. its not his company's fault that these people are homeless and this arbitrary tax will not solve homelessness

 

[hashmander]

also san fran's (west coast in general) problems are exacerbated because they have a more relaxed attitude toward the homeless. in conservative states they chase them out of the city. in san fran it's "you can't treat them like that, you can't arrest them, you can't ... you can't ..."