Two of San Francisco’s wealthiest tech leaders clashed on Twitter over the best way to address the city’s homeless problem.
Saleforce CEO Marc Benioff is pushing for a tax on San Francisco’s largest companies to raise money for homeless efforts. Twitter and Square CEO Jack Dorsey is against the tax, and wants to let the city’s new mayor, London Breed, come up with alternative plans.
“These tech CEOs, they need to realize if they want to do business in San Francisco and use all of our civic resources, and in some cases have gotten mid-market tax breaks, then they should be more than happy to give a small amount — which is what it is for these companies — to help us focus on our number one issue,” Benioff told CNN Business in a phone interview Friday afternoon.
Benioff is spending money to promote ballot Proposition C, which would tax large companies based in the city. The tax would vary, but come out to about 0.5 percent on businesses’ gross receipts above $50 million a year.
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Tech CEOs Dorsey And Benioff Face-Off Over San Francisco Homeless Tax