It will add $380m a year and double the $12k per person spent now. 60 pct of sf homeless are from out of state. This will only go up. Theres a reason @GavinNewsom and @LondonBreed are against it.
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Actually not true. We asked sf to stop taxing non cash comp which no other city in the us does.
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the stock comp exemption, the mid-market exemption and the shift to payroll from gross receipts were all negotiated around exactly the same time. Similar arguments deployed. Similar people involved.
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If C will only last 2 years, why isn't it a bond? That gets around Prop 13 as you agree on below, since it's paid from property taxes. My guess: Prop C politically ensures any gross receipts tax reform includes similar homelessness $,similarly to:https://twitter.com/Scott_Wiener/status/1051009939060215808?s=19 …
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(Also I think the authors like wealthy homeowners more than tech companies)
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And that tax would have generated net new taxes. There wasnt any wind down.
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