*By Chloe Aiello* Voters in San Francisco gave overwhelming support on Tuesday to a measure that would tax big tech for the sake of the homeless. And not everyone in the Silicon Valley stronghold is happy. Proposition C, or the “Our City, Our Home” initiative, was easily the most controversial issue on the city's ballot. It proposed a tax on revenue over $50 million ー which would hit about the top 1 percent of corporations ー to help mitigate San Francisco's homeless problem. More than 7,000 people in San Francisco experience homelessness ー a stark contrast to the wealth the tech industry has generated for its own. San Francisco has a "median home price \[of\] $1.6 million, the third most billionaires of any city in the world and one of the most dismaying homeless problems that a U.N. Special Rapporteur last year compared to Bangladesh," Scott Wilson, senior national correspondent at the Washington Post, who has covered the story, told Cheddar on Wednesday. "I think there's a real disconnect between what the public wants to see and what the political class is willing to do especially in trying to avoid irritating tech leaders," he added. The proposition's 10-point list includes efforts to provide more mental health and addiction treatment centers, place sanitation centers and mobile bathrooms on the streets, and expand homeless shelters, among other things. Salesforce ($CRM) CEO Marc Benioff has been one of the initiative's most vocal cheerleaders ー although his company will surely be hit by the proposed tax. "Prop C’s victory means the homeless will have a home & the help they truly need! Let the city come together in Love for those who need it most! There is no finish line when it come to helping the homeless. Thank you amazing supporters of Prop C," Benioff [gushed on Twitter](https://twitter.com/Benioff/status/1060060365193539584), following Prop C's victory. He even reportedly poured about $7 million of his own and his company's money into the campaign, billing homelessness as the responsibility of technology companies that have brought jobs and wealth to the city, while also widening wage gaps and driving up property values. But not all bigwigs in big tech seem to agree. Jack Dorsey, CEO of Twitter ($TWTR) and Square ($SQ), spoke out against the proposition ー much to Benioff's ire. The two tech elites exchanged arguments about the issue on social media in mid-October. "I want to help fix the homeless problem in SF and California. I don’t believe this (Prop C) is the best way to do it," [Dorsey wrote](https://twitter.com/jack/status/1050780155524857856) on the platform he co-founded. "I think that Benioff probably has his hand a little bit closer to the pulse of San Francisco and the people who live there than Jack Dorsey. I mean there is a real frustration, a real concern and a real compassion fatigue among San Francisco residents," Wilson said. Dorsey wasn't alone. Legislators, including Mayor London Breed ー who has vowed to address homelessness ー spoke out against the proposition, which Wilson said just reinforces big tech's influence on the city. "I think what it showed is that big tech still has a big sway over political power in San Francisco and that there's no coherent solution in city hall on how to solve the homeless problem ー and yet voters in approving it are demanding that something be done," he said. For now, the proposition hangs in legal limbo. It did not pass with a full two-thirds legislative majority, which leaves it open to legal challenges from opponents.

Share:
More In Politics
Rep. Al Green on Ukraine and Russia Peace Talks, State of the Union & SCOTUS Pick
Officials from Ukraine and Russia have begun meeting along the Belarus border to discuss a potential end to the ongoing invasion, even as the fighting continues to drag on. Rep. Al Green (D-Texas 9th District) joined Cheddar's Opening Bell to discuss the conflict between Russia and Ukraine, what to expect from President Joe Biden's State of The Union Address, and the nomination of Ketanji Brown Jackson for the Supreme Court. "I'm still hopeful, and I hope that Mr. Putin will understand that he has united the world against him," Green said of the new round of peace talks.
President Biden Unveils New Sanctions Against Russia
Within hours of Russia's first attack on Ukraine, President Joe Biden addressed the nation by stating that the White House will impose wider sanctions on Russian banks. These sanctions could result in damage to the Russian economy. Host of "Oh My World" on Youtube and Former Spokesperson for the U. S. Mission to the U. N. Hagar Chemali, joined Cheddar to discuss more.
How Russia Is Using Cyberattacks in Its Assault Against Ukraine
Russia's invasion of Ukraine went hand in hand with cyberattacks against Ukrainian government websites and financial institutions. Cheddar News speaks with cybersecurity expert Karim Hijazi, CEO of Prevaillon, on why the Russian cyberwarfare is concerning to other nations.
Florida House Weighs 'Don't Say Gay' Bill
Florida legislation being called the 'Don't Say Gay' bill would restrict some discussion of sexual orientation and gender identity in classrooms with young students. Jon Harris Maurer, public policy director at Equality Florida, joins Cheddar News to discuss.
Biden's Foreign Policy Reset: Sanctions over Military Action in Ukraine
President Joe Biden promised during his campaign to focus on stable and ally-focused foreign policy, and the Russia-Ukraine crisis seems like an opportunity for him to focus on that tactic after last year's chaotic Afghanistan withdrawal. So far, Biden and western allies have banned together to sanction Russian banks, billionaires, and even President Vladimir Putin himself. Meanwhile, Biden has not deployed U.S. troops to intervene directly in Ukraine. Jack Detsch, national security reporter at Foreign Policy, joins Closing Bell to discuss why Biden is focusing on a sanctions-based, ally-focused strategy, what impact sanctions could have on Russia's economy, and more.
Load More