Salesforce CEO backs Lobbying Effort to Fight Homelessness
https://www.cbsnews.com/news/salesforce-ceo-marc-benioff-backs-corporate-tax-to-fight-homelessness/
This article has a few things in here to unpack. The CEO of Salesforce is pledging at least 1.5 million to a lobbying push for Proposition C in San Francisco. Proposition C would levy a .5% tax on every dollar for companies with revenue above 50 million dollars. This money would go to fund housing and beds in shelters to help alleviate some of those experiencing homelessness in the city. Many nonprofits in the city are also backing Proposition C.
This article also includes a video news story that reminds me of a discussion post last week about who is the neighborhood. Since all of these large tech companies have come into Silicon Valley and surrounding areas, many locals are being pushed out of their homes due to rising prices. The college professor in the video is currently experiencing homelessness because ¾ of her monthly salary was going to rent.
Many corporations in the city oppose this tax increase, and this presents a challenge because they are the ones with the money to help. How do governments and nonprofits speak on these issues to those with the money, when those with the money are really the cause of these issues?
Very interesting article! While I don’t like the idea that large corporations are causing locals to be pushed out, I have an issue with the spirit of Proposition C. Why should these corporations be punished for being successful. Yes, .5% is not very much in the grand scheme of things, but this hints a little too much of socialism to me. This seems to just be the kinds of shifts that are natural to the society.
Still, the issue of the homeless and impoverished in the city must be addressed. If there was another way to structure or phrase this type of tax or make it seem more fair, that would make more sense. Perhaps an increased sales tax? This would cause those who are spending much to be taxed much (i.e. the wealthy) and those who are spending little to be taxed little (i.e. the poor).






