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Money is just a tool. It can be used to finance good plans, which make things better, and it can be used to finance bad plans, which make things worse. I don't know if "crack-zombies" are part of the homeless population or not. Robbing Peter to pay Paul is immoral, not virtuous.
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Proponents of C must admit that it is their worldview that it is acceptable to use physical force or the threat thereof to take money from one person, business, group, race, class, city, county, state, country, and give it to another. Where I come from, this is called stealing.1/
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I think you see business leaders objecting to C because we are used to being accountable for our spending. We should have a backup plan, pivots identified, benchmarks, milestones. How will we change our approach if our thesis turns out to be wrong and make things worse?2/
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It is not at all clear to me that the way this money is intended to be spent is going to generate the ROI proponents are expecting. I think there are better options but because SF is highly susceptible to populism and demagoguery, an honest debate about tough choices is hard 3/3
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So, why not 100x the tax and take in everyone? We are spending too much treating symptoms rather than causes, and we are not optimizing on the process/outcome. Much of what is proposed could be outsourced and handled better/cheaper outside of SF.
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Doesn't mean housing should be subsidized. That is subsidizing business, enabling a sub-livable wage to be paid. No housing subsidies -> workers must demand higher wages to take jobs in the city -> businesses raise prices -> wages up -> all is right with the world.