Wednesday, July 25, 2018

San Francisco To Vote On Corporate Tax to Help Homeless

Seattle did the same but reversed course on their "head tax" within a month after Amazon started making noises about leaving.

From The San Francisco Business Times:

San Francisco’s corporate tax to tackle homelessness added to November ballot*600xx5656-3771-0-2.jpg
A homeless encampment under the 101 Freeway overpass.
A measure that would levy taxes on San Francisco’s largest companies to combat the city’s rampant homelessness has landed on the November ballot.

Dubbed the “Homelessness Gross Receipts Tax Ordinance,” Article 28 aims to raise around $300 million from a 0.5 percent gross receipts tax on businesses taking in more than $50 million in annual revenue. The measure would double the city’s annual homelessness budget....MORE
And across the bay, from KGO Radio 810:
Oakland proposes ‘landlord tax’ as homeless crisis solve

What the hell happened to the U.S. west coast?