CALIFORNIA CHAOS: San Francisco Voters Pass 'Homeless Tax' on Large Corporations

Henrietta Strickland
November 10, 2018

San Francisco residents opted on Tuesday to slap a tax on the city's big businesses to fund services for the homeless.

Created to rake in $250 to $300 million per year, the "Robin Hood-esque" measure will tax corporations making more than $50 million to fund housing for 5,000 people and finance mental health and housing aid services, according to its backers. Let the city come together in Love for those who need it most!

The New York Post reported the money will be used for new permanent and short-term shelters, mental health services and preventable measures for the city's estimated 7,500 homeless individuals and 1,200 families forced to live on the streets. If it passes, it will almost double San Francisco's budget dedicated to the curbing homelessness by adding $300 million a year to fund housing, shelters, mental health services and preventive measures.

Salesforce CEO Marc Benioff led the push for passing Proposition C in the tech community.

The measure is expected to generate up to $300 million a year, almost doubling what the city already spends on people who are homeless or at risk of being so.

Dorsey, whose Twitter headquarters sits squarely in the middle of a neighborhood prominently struggling with homelessness, sided with San Francisco Mayor London Breed against Prop. C on the basis that San Franciscans should listen to the mayor.

Dorsey, who sparred with Benioff over the issue on Twitter, called for "long term solutions" - "not quick acts to make us feel good for one moment in time".

Other vocal critics of the plan include Jon Zieger, CEO of the tech company Stripe; state Sen.

Other reports by Click Lancashire

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