Still wrapping my mind around Prop C in SF. Not sure why a tax on gross receipts would make any sense at all https://www.sfchronicle.com/business/article/San-Francisco-s-business-taxes-are-a-confusing-13331125.php …pic.twitter.com/BtyIpHuQdo
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Like I said in previous arguments on this issue, the city is highly likely to run another gross receipts measure in 2020, in which Square/Stripe could’ve argued to change the structure on their low-margin businesses. https://www.sfchronicle.com/business/article/As-Silicon-Valley-looks-to-tax-tech-San-13042149.php …pic.twitter.com/2XpmZNEJyc
But now they’ve basically destroyed a lot of good will for their brands within the city *and* progressives have expanded their control on the Board of Supervisors to 7-4, so 



.
I don’t think “these companies fought back against a tax that would disproportionately hurt them, and now they have less goodwill when we disproportionately hurt them again in two years” is an indictment of the companies...
Well, it’s the situation. Homelessness is perceived to be much more of a municipal problem than it actually may be (given the dissipation of federal support for low income housing) and any taxes locally administered to make up for what disappeared at national will be imperfect.
Stripe’s biggest political commitment, for example, has been pro-housing...
Homelessness and housing are interrelated but homelessness also intersects with poverty, mental health, substance abuse policies. At the incomes (or lack thereof) we’re talking about, it is mathematically impossible to produce housing absent public subsidy.
I don’t think anyone involved in this conversation or the companies being disproportionately hit are against that
Yes, no one is pro-homelessness or pro-poverty.
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