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
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.
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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
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?!
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 …
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
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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