An upcoming San Francisco ballot measure is unexpectedly pitting some tech companies against each other. The topic: homelessness. Proposition C would tax companies with a total income of more than $50 million yearly and put that money toward helping the homeless population. It would provide the city with funding to house 4,000 people and give 4,500 people mental health and other services, along with a host of other measures. Salesforce CEO Marc Benioff has been the most vocal advocate of the proposition. He has contributed $1.02 million to the Yes on C campaign, and Salesforce has contributed $4.72 million. Democratic heavy hitters like US Rep. Nancy Pelosi and Sen. Dianne Feinstein have joined Benioff in supporting Prop. C, as have musicians and celebrities like Danny Glover, Jewel, Chris Rock and will.i.am. “At the end of the day it’s going to be are you for the homeless or are you against the homeless?” Benioff tweeted earlier this month. “For me, it’s binary. I’m for the homeless.” Some notable tech companies and their CEOs aren’t happy about the proposition, however. Who’s put in hundreds of thousands of dollars to oppose Prop. C? Ride-hailing company Lyft, Twitter CEO Jack Dorsey, mobile payment companies Stripe and Square, Y-Combinator co-founder Paul Graham and Sequoia Capital partner Michael Moritz. They say Prop. C doesn’t provide enough accountability for how the money will be spent and would put a higher tax burden on those tech companies that aren’t as big as Salesforce. “We’re happy to pay our taxes. We just… [Read full story]
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