San Francisco approves homeless tax on businesses...

Started by tac, November 07, 2018, 04:48:24 PM

Previous topic - Next topic

tac

By Jillian D'Onfro

The controversial San Francisco "homelessness tax" that divided the tech industry passed with nearly 60 percent affirmative votes, according to poll tallies Tuesday night.

Proposition C will increase gross receipts taxes for companies with more than $50 million in annual revenue by an average of 0.5 percent, generating up to $300 million a year to combat the city's homelessness crisis through initiatives like new beds in shelters and increased mental health services.

Prop C had both vocal proponents and vehement detractors in the tech industry.

https://www.cnbc.com/2018/11/07/san-francisco-proposition-c-homeless-tax-passes.html



:lol: :lol: :lol:

The shit hole city strikes again. Brilliant move!



walkstall

Quote from: tac on November 07, 2018, 04:48:24 PM
By Jillian D'Onfro

The controversial San Francisco "homelessness tax" that divided the tech industry passed with nearly 60 percent affirmative votes, according to poll tallies Tuesday night.

Proposition C will increase gross receipts taxes for companies with more than $50 million in annual revenue by an average of 0.5 percent, generating up to $300 million a year to combat the city's homelessness crisis through initiatives like new beds in shelters and increased mental health services.

Prop C had both vocal proponents and vehement detractors in the tech industry.

https://www.cnbc.com/2018/11/07/san-francisco-proposition-c-homeless-tax-passes.html



:lol: :lol: :lol:

The shit hole city strikes again. Brilliant move!


They will just pass the tax on to the working class.
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Always remember "Feelings Aren't Facts."

tac

Quote from: walkstall on November 07, 2018, 06:01:40 PM

They will just pass the tax on to the working class.

That's true, but the voters can 'feel good' about helping the homeless spread more shit around the city.

walkstall

Quote from: tac on November 08, 2018, 03:07:31 AM
That's true, but the voters can 'feel good' about helping the homeless spread more shit around the city.

I am sure some of that money will be going into someone pocket other then the homeless.
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Always remember "Feelings Aren't Facts."

Possum

Quote from: tac on November 08, 2018, 03:07:31 AM
That's true, but the voters can 'feel good' about helping the homeless spread more shit around the city.
they might as well put more food on the back porch to control stray cats. :lol: