This thread is way too adversarial toward tech companies, but the conclusion - that taxing big businesses to pay for housing the homeless - is absolutely right. Prop C is good.https://twitter.com/Pat_Garofalo/status/1057378603124645889 …
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Replying to @Noahpinion
I hate hypothecation. The provision of a service should not normally be related to some particular source of funding. If everything was hypothecated you would not have government borrowing or counter-cyclical fiscal policy.
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Replying to @t0nyyates
I'm neutral on hypothecation. In this case, a business tax is just the easiest and safest source of revenue to pay for something that everyone knows needs to be paid for.
1 reply 0 retweets 2 likes -
Replying to @Noahpinion
Sometimes you can connect the tax to where the benefit of the service falls. Eg fuel and car taxes can be hypothecated for road construction and repairs. But doing this can be corrosive, ring fencing funding sources from services yielding >> marginal social benefits.
1 reply 1 retweet 3 likes
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