Liberal billionaires duel over who wants to help San Francisco homeless more
At the midterm elections next month, residents of the ultra-liberal city will be asked to vote on Proposition C – a new tax amounting to approximately 0.5 percent on revenues above $50 million for businesses headquartered in the city.
The tax, which would affect Twitter, Uber, Wells Fargo, Gap, and dozens of other major multinationals, could bring in $300 million per year, doubling the city’s homelessness budget.
But Jack Dorsey, an avowed liberal, spoke out against the idea... Instead, Dorsey asked residents to support the newly-elected Democrat mayor of the city, London Breed, who has not endorsed the proposal. Breed has promised to audit the money that is already being spent, to see if it is actually tackling the problem, which has worsened in lockstep with the city’s wealth.
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