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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    1. Austen Allred‏Verified account @AustenAllred Nov 13

      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

      12 replies 5 retweets 69 likes
    2. Kim-Mai Cutler‏Verified account @kimmaicutler Nov 14
      Replying to @AustenAllred

      Why don’t we discuss literally all of the other tax restrictions that voters *themselves* have embedded into the state Constitution over the last 40 years, making it exceedingly difficult to pass anything except for things that affect a hyper-narrow part of the tax base?!

      4 replies 1 retweet 28 likes
    3. Kim-Mai Cutler‏Verified account @kimmaicutler Nov 14
      Replying to @kimmaicutler @AustenAllred

      But also, the tech industry itself actually lobbied for the change from payroll to gross receipts in 2012.https://www.businessinsider.com/ron-conway-and-san-francisco-vote-in-proposition-e-gross-receipts-tax-2012-11 …

      1 reply 0 retweets 2 likes
      Austen Allred‏Verified account @AustenAllred Nov 14
      Replying to @kimmaicutler

      Gross receipts makes sense unless you have low margins. A lot of tech is moving from 99% margins to high volume and tight margins. I don’t think it is working as a single block here

      6:54 AM - 14 Nov 2018
      • 3 Likes
      • Luke Waring Mike Solana siggy 🐧
      1 reply 0 retweets 3 likes
        1. New conversation
        2. Kim-Mai Cutler‏Verified account @kimmaicutler Nov 14
          Replying to @AustenAllred

          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

          1 reply 0 retweets 3 likes
        3. Kim-Mai Cutler‏Verified account @kimmaicutler Nov 14
          Replying to @kimmaicutler @AustenAllred

          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 🤷🏻‍♀️🤷🏻‍♀️🤷🏻‍♀️🤷🏻‍♀️🤷🏻‍♀️.

          1 reply 0 retweets 4 likes
        4. Austen Allred‏Verified account @AustenAllred Nov 14
          Replying to @kimmaicutler

          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...

          2 replies 0 retweets 2 likes
        5. Kim-Mai Cutler‏Verified account @kimmaicutler Nov 14
          Replying to @AustenAllred

          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.

          1 reply 0 retweets 3 likes
        6. Austen Allred‏Verified account @AustenAllred Nov 14
          Replying to @kimmaicutler

          Stripe’s biggest political commitment, for example, has been pro-housing...

          1 reply 0 retweets 0 likes
        7. Kim-Mai Cutler‏Verified account @kimmaicutler Nov 14
          Replying to @AustenAllred

          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.

          1 reply 0 retweets 3 likes
        8. Austen Allred‏Verified account @AustenAllred Nov 14
          Replying to @kimmaicutler

          I don’t think anyone involved in this conversation or the companies being disproportionately hit are against that

          1 reply 0 retweets 0 likes
        9. Kim-Mai Cutler‏Verified account @kimmaicutler Nov 14
          Replying to @AustenAllred

          Yes, no one is pro-homelessness or pro-poverty.

          0 replies 0 retweets 1 like
        10. End of conversation

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