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patrickc's profile
Patrick Collison
Patrick Collison
Patrick Collison
Verified account
@patrickc

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Patrick CollisonVerified account

@patrickc

Fallibilist, optimist. Stripe CEO.

patrick@stripe.com
patrickcollison.com
Joined April 2007

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    Patrick Collison‏Verified account @patrickc Oct 19

    Stripe’s position on Proposition C:https://stripe.com/press/prop-c 

    10:06 AM - 19 Oct 2018
    • 140 Retweets
    • 774 Likes
    • daijirinkun Michael Gasiorek 🦁 Web Dev PLOW Shami 𝘐𝘢𝘯 𝘎𝘦𝘳𝘵𝘭𝘦𝘳 ☕️ 📲 Rodrigo Dantas Marc Benioff Kevin Grant Joost van der Mersch
    50 replies 140 retweets 774 likes
      1. New conversation
      2. Timo in Wien‏ @timoinwien Oct 19
        Replying to @patrickc

        It is a very well crafted statement with zero content. Whoever wrote this must be applauded for his effort to conceal a stance against higher taxes for being higher taxes as a stance against taxing in the wrong way.

        6 replies 3 retweets 66 likes
      3. Timo in Wien‏ @timoinwien Oct 19
        Replying to @timoinwien @patrickc

        2/ and I am in no way against or for prop c in this statement, rather just highlighting the argumentative thinness and sublime, yet misleading use of language.

        1 reply 0 retweets 12 likes
      4. Christina Bognet‏ @CBognet Oct 19
        Replying to @timollll @patrickc

        Huh? I actually found this to be very informative and learned a lot by reading it. If what Stripe is saying were true, how could they have better made the argument?

        4 replies 0 retweets 18 likes
      5. Coby Rudolph‏ @CobyRudolph Oct 19
        Replying to @CBognet @patrickc

        The problem is it obfuscates. Stripe and Square's real problem with Prop C is they don't think the proposed tax rate for financial services co's (vs. other industries) is fair or works for their business models. Fine. But Stripe is hiding behind the other red herring arguments.

        1 reply 1 retweet 12 likes
      6. Coby Rudolph‏ @CobyRudolph Oct 19
        Replying to @CobyRudolph @CBognet @patrickc

        Coby Rudolph Retweeted jack

        This tweet from Dorsey is their real reason for opposition. Again, could be legit and they should have engaged with the supporters beforehand to change it. But instead they've been hiding behind "we support the mayor" and "it's not a problem of funding".https://twitter.com/jack/status/1053312149815091200?s=19 …

        Coby Rudolph added,

        jackVerified account @jack
        Hypothetically Square could pay over $20m more in 2019, while Salesforce (4x bigger than Sq) pays less than $10m. Taxes would grow at rates multiple times our adj. revenue, which no company can sustain. Not an issue for Salesforce/Twitter, but unfair to Sq and fintech startups.
        Show this thread
        1 reply 0 retweets 16 likes
      7. 1 more reply
      1. New conversation
      2. My Weird Son‏ @chrisclayman Oct 19
        Replying to @patrickc

        My god man, the argument isn't about being for or against 'the homeless', but whether your company is willing to take on a miniscule tax burden to abate this crisis. Just say that you aren't and spare us from the 1000 word digression.

        2 replies 0 retweets 15 likes
      3. Mike Solana‏ @micsolana Oct 19
        Replying to @chrisclayman @patrickc

        the argument has literally been framed as “for or against homelessness” by marc benioff, the architect of prop c’s disinformation campaign. prop c has no plan to actually fix the problem. no one is saying they don’t want to pay. they’re asking for a plan before they pay.

        1 reply 1 retweet 18 likes
      4. My Weird Son‏ @chrisclayman Oct 19
        Replying to @micsolana

        pic.twitter.com/0yfcP1gTOo

        1 reply 0 retweets 8 likes
      5. Mike Solana‏ @micsolana Oct 19
        Replying to @chrisclayman @patrickc

        comprehensive

        1 reply 0 retweets 10 likes
      6. My Weird Son‏ @chrisclayman Oct 19
        Replying to @micsolana @patrickc

        ...or maybe just bad faith.

        1 reply 0 retweets 0 likes
      7. 1 more reply
      1. Greg Ferenstein‏Verified account @ferenstein Oct 19
        Replying to @patrickc

        if folks spent as much on Prop C as they did for a bill to overhaul zoning regulation, we’d do a lot more for the homeless problem. But, tackling zoning doesnt make one an easy hero. its harder and more complex. kudos @patrickc on this blog post

        0 replies 2 retweets 24 likes
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      1. New conversation
      2. single white ML 🌹‏ @uhshanti Oct 20
        Replying to @patrickc

        I will eat my shoe the day you lift a finger to support a citizen’s initiative that taxes you

        1 reply 0 retweets 18 likes
      3. single white ML 🌹‏ @uhshanti Oct 20
        Replying to @uhshanti @patrickc

        single white ML 🌹 Retweeted single white ML 🌹

        you don’t get to be a billionaire and sit while these people die in the cold. you know that supportive housing takes a tremendous amount of money to build at scale. so let’s be real: you just want to stay in the three comma clubhttps://twitter.com/uhshanti/status/1053449544975835137?s=21 …

        single white ML 🌹 added,

        single white ML 🌹 @uhshanti
        I just left my office. on that one block there were three homeless men. one was recovering from a brain injury, another had a speech impediment, the third was blind. they were all black or Latinx, they were all enough to be my grandpa. I just want to cry right now.
        Show this thread
        0 replies 0 retweets 8 likes
      4. End of conversation
      1. New conversation
      2. Amadeus Demarzi‏ @amadeus Oct 19
        Replying to @patrickc

        You never specifically mention why STRIPE is against the proposition. It’s one thing to say you disagree with the fundamentals of the prop, but for a company to take a stance on a proposition specifically… feels like there’s other issues not mentioned.

        2 replies 1 retweet 11 likes
      3. Santiago Basulto  🍪‏ @santiagobasulto Oct 19
        Replying to @amadeus @patrickc

        I think this is a really good statement and that they’re saying *why* they oppose the bill, in a political way: basically, they think SF has no clue on how to solve the issue, and just pouring more money without a good plan is not going to fix it. They can’t, of course say:

        4 replies 0 retweets 4 likes
      4. Amadeus Demarzi‏ @amadeus Oct 19
        Replying to @santiagobasulto @patrickc

        Here’s the thing - that’s a totally valid reason for an individual to be against the bill, it’s less clear/transparent when it’s an entire company who’s mission is payments. It’s clear there’s a business reason at stake, and I think they should include that.

        1 reply 0 retweets 1 like
      5. Santiago Basulto  🍪‏ @santiagobasulto Oct 19
        Replying to @amadeus @patrickc

        That’s true. There’s no clear “business reason”. It is signed by @patrickc though. Anyway, I hope you folks can solve this issue soon. Good luck fellow dev!

        1 reply 0 retweets 1 like
      6. Bryan Harris‏ @bryanharris315 Oct 19
        Replying to @santiagobasulto @amadeus @patrickc

        Most important thing not mentioned is that this is a revenue tax. Payment companies operate at roughly 15%-25% margins while SaaS (salesforce, Twitter, etc) operate at 70% margins. Stripe and Square would essentially pay more tax than companies 10x their size

        1 reply 0 retweets 9 likes
      7. 1 more reply

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