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> ... in favor of the tax measure that voters passed in San Francisco to support homeless services ... Ok come on, a tax on gross receipts is asinine. Of cours
by arcticbull 4y ago
> ... in favor of the tax measure that voters passed in San Francisco to support homeless services ...
Ok come on, a tax on gross receipts is asinine. Of course low margin businesses with high volumes left. Square left, Stripe left, PayPal left. That cuts into the tax base which in turn means less revenue to help the homeless.
Regardless of whether you think what they did with it was good, the actual calculus of who has to pay how much makes zero sense.
Then of course there's the fact that money went to putting the hobos under highway overpasses in tent cities instead of building more houses.
I'm with Garry on this one.
- abalone 4y agoI’m old enough to remember when the Square CEO campaigned for the gross receipts tax. It was the tech industry’s idea.[1] Bonus points for saying “hobo”! [1] https://www.sfgate.com/business/article/SF-Citi-video-plugs-in-tech-Prop-E-3930793.php https://www.sfgate.com/business/article/SF-Citi-video-plugs-...
- arcticbull 4y agoGod I was there at the time. I’m also old enough to remember when he looked like a normal human. Although with that in mind I was referring to Prop C in 11/18.