San Francisco voters back 'homeless tax' on wealthy firms
http://www.yahoo.com/news/san-francisco-voters-back-homeless-tax-wealthy-firms-003043049.html
San Francisco (AFP) - San Francisco voters backed a tax on the city's wealthiest companies to tackle homelessness, passing a measure that divided the tech community.
A tally posted Wednesday showed that 60 percent of voters in the city home to Airbnb, Uber, Salesforce, and Twitter cast ballots in favor of "Proposition C," a local ballot measure brought about by a 28,000 signature petition this summer.
Designed to rake in $250 to $300 million per year, the Robin Hood-esque measure will tax corporations making more than $50 million to fund housing for 5,000 people and finance mental health and housing aid services, according to its backers.
A number of San Francisco's tech bosses -- including Twitter chief Jack Dorsey and Patrick Collison of payment startup Stripe -- resisted the proposal.
>>>
(Article does continue.)
(How much you wanna bet some of those tech firms are now making plans to move out? Zim.)
Mad Poet Strikes Again.
| 
