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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Austen Allred‏ @Austen 13 Nov 2018
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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

      7 replies 3 retweets 64 likes
    2. Kim-Mai Cutler‏Verified account @kimmaicutler 14 Nov 2018
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      Replying to @Austen @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 26 likes
    3. Kim-Mai Cutler‏Verified account @kimmaicutler 14 Nov 2018
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      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
    4. Austen Allred‏ @Austen 14 Nov 2018
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      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

      1 reply 0 retweets 3 likes
    5. Kim-Mai Cutler‏Verified account @kimmaicutler 14 Nov 2018
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      Replying to @Austen @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 2 likes
    6. Kim-Mai Cutler‏Verified account @kimmaicutler 14 Nov 2018
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      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 3 likes
    7. Austen Allred‏ @Austen 14 Nov 2018
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      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
      Kim-Mai Cutler‏Verified account @kimmaicutler 14 Nov 2018
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      Replying to @Austen @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.

      7:07 AM - 14 Nov 2018
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      • Micah Babbitt giulio rospigliosi jpa
      1 reply 0 retweets 3 likes
        1. New conversation
        2. Austen Allred‏ @Austen 14 Nov 2018
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          Replying to @kimmaicutler

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

          1 reply 0 retweets 0 likes
        3. Kim-Mai Cutler‏Verified account @kimmaicutler 14 Nov 2018
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          Replying to @Austen @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
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