For those who attribute progressive values, the results of yesterday's US midterm elections will undoubtedly be encouraging. A positive development, apart from the fact that Democrats are chasing the House of Representatives from the GOP, is the passage of proposal C to San Francisco.
This proposal, which has been approved by 60 per cent of voters, seeks to impose a tax on the city's largest employers in order to cope with the pitiful impact of homelessness on informal global technological capital.
In short, proposal C increases the gross revenue tax charged to large enterprises (determined by those with annual gross receipts of $ 50 million or more) by a modest 0.5%. The funds raised by this tax increase will be used to finance the services necessary for the homeless.
Lack of housing is inevitable in San Francisco. It coexists with the monocentre technology companies and the high-income workers. As the city's cost of living has increased, this problem has only deteriorated, with the situation increasingly unstable.
Often, the finger of responsibility is highlighted by technology companies and the distorting effect they have on the housing market. There is some truth in this, but the issue is much deeper.
Undoubtedly, the roots of the problem lie in the 1980s, when Ronald Reagan's management shifted the responsibility of mental health care from the federal government to individual states. This effectively began a deinstitutionalisation process, which resulted in the closure of psychiatric hospitals across the country.
According to the most recent population census population of the city, in 2015 of the Countless Homelessness Count in San Francisco, 55 percent of the city's rough classes report experiences of emotional or psychiatric conditions.
But regardless of the cause, one can argue that city technology technicians are ethically obliged to help solve the problem of homelessness in the city. In addition, they have benefited from generous San Francisco tax breaks, mass talent pool, and the status as an internationally desirable city. It has undoubtedly worsened the problem, increasing the cost of rent. They should do something.
Everyone did not agree. The leaders of Stripe, Square, Zynga and Twitter all opposed the bill, which will increase about $ 300 million a year to fund addiction and mental health services, emergency housing and sanitation facilities.
The proposal is the dumb, little-thought proposal. Please get the details and vote no. Then lets everyone focus on real solutions for sf.
– pincus marking (@markpinc) November 3, 2018
Part of this opposition stemmed from the skepticism that the San Francisco government would be able to use the money effectively. They argued that the San Francisco homelessness problem could not be solved only by cash.
The cynic also thinks that there was a big element of personal interest. After all, tech companies are destroying taxes.
That being said, there were some positive signs of the leadership of the community from the technology community. Salesforce founder Marc Benioff was a voice advocate of the bill, although he would increase his company's tax burden. He plowed $ 7 million of his own money into the campaign for this, and he often spooked critics of the Twitter bill, particularly Jack Dorsey and Mark Pincus of Zynga.
Please note what is your plan and what is your contribution to helping our homeless people? Tell us in detail what @zynga does it for them now on scale and what is your plan? The homeless have been left behind by you and the other 70 billionaires SF. Yes for C. Great business, like my fee, you do not.
– Mark Benioff (@Benioff) November 4, 2018
This activism paid off. Proposal C passed.
This proposal can help tackle the San Francisco crisis of homelessness. Perhaps not. The time (and, basically, the way the money will eventually grow) will tell.
Regardless of what's going on, the biggest online game from the C campaign is this They are for technology leaders to be powerful political leaders who act with their conscience and are not driven by their thresholds.
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