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Tech Billionaires Benioff, Dorsey Square Off Over How To Deal With Homelessness

Marc Benioff spoke about a tech community’s shortcoming to residence homelessness in San Francisco during a opening rite of Salesforce Tower in May. (Photographer: David Paul Morris/Bloomberg)

Billionaire record titans Marc Benioff and Jack Dorsey don’t accurately see eye to eye on how to repair a homeless problem plaguing San Francisco.

The span took to Twitter on Friday to voice their hostile viewpoints on a ballot magnitude before San Francisco electorate this Nov called Proposition C, that would taxation internal businesses to lift income in support of homeless programs.

Salesforce cofounder and CEO Marc Benioff, who has been outspoken about a need he sees for tech companies to play their partial in addressing homelessness in San Francisco, has come out in support of Prop C and tweeted on Friday: “Homelessness is all of a shortcoming that is since we are ancillary Prop C. Together, as one San Francisco, we can take on a city’s many formidable formidable problems.”

The list magnitude seeks to levy a corporate taxation on businesses with over $50 million in sum receipts, during a rate of adult to 0.69%. The supports would go toward homelessness services in a area. San Francisco and other vital cities opposite a U.S. have struggled with increasingly vast homeless populations.

Benioff has committed $500,000 to support a Prop C debate and skeleton to spend another $1 million or some-more on his possess advertisements in support of a proposition, he told a San Francisco Chronicle.

Meanwhile, Jack Dorsey, who is cofounder and CEO of both Twitter and Square, is one tech executive who doesn’t see Prop C as a right resolution to a problem. “I wish to assistance repair a homeless problem in SF and California. we don’t trust this (Prop C) is a best approach to do it,” he tweeted in response to Benioff.

Another tech billionaire, Stripe cofounder and CEO Patrick Collison, fast chimed in: “Am with Jack. Marc is well-intentioned, though we trust Mayor Breed’s imagination on homelessness over his,” he tweeted.

San Francisco’s mayor London Breed, who was inaugurated in June, came out in antithesis of a list magnitude final week. She has been assimilated by a city’s cover of commerce. Breed pronounced in a matter that addressing homelessness is her “top priority” though that there isn’t adequate burden built into a stream proposition. She and other critics have also argued that a tender would indeed intensify homelessness in a city, since other homeless would be captivated to a boost in services.

Amazon’s Jeff Bezos also railed opposite a identical corporate taxation in Seattle that would have saved services for a homeless. It was repealed by a city legislature in June.

Dorsey boiled down his antithesis to Prop C as a enterprise to let Breed have a shot during fixing the city’s homelessness, that was a height she successfully ran on. “Mayor Breed was inaugurated to repair this. we trust her,” he tweeted.

That didn’t stop Benioff from firing back. He called out Dorsey for a taxation breaks he perceived by opening his offices in a blighted mid-Market area, as good as a run-up in Twitter and Square’s batch prices that have combined billions to his net worth. “Which homeless programs in a city are we supporting?” he asked.

The dual traded a few some-more barbs, with Dorsey observant Benioff was “distracting” and reiterating his support for Breed. Benioff responded, in turn, by observant that “if you’re going to quarrel a comparatively tiny tax, that is one half of one percent to assistance a series 1 issue, afterwards we improved prepared to speak about what we are doing contra what we don’t wish to do.” Dorsey again reiterated his support for a mayor: “I’m ancillary a Mayor’s plan. The one you’ve motionless to ignore. She’s simply seeking for burden and control. Let’s listen to her and let her lead. If I’m wrong, I’ll acknowledge it, and work with we to fix.”

When reached for comment, a Square spokesperson called a city’s homelessness a “humanitarian crisis” and said a association stood behind a mayor in anticipating a “consensus response to homelessness.” Dorsey has traditionally been distant reduction outspoken on the homeless issue. He told Fortune in 2013 that he sees income inequality in San Francisco as a “responsibility” of companies in a area and he privately seeks to do his part, charity adult an instance by observant that each Friday he and a organisation of employees picked adult rabble around a neighborhood.

Benioff, meanwhile, has done alleviating homelessness one of his personal crusades. He partnered with a nonprofit called Hamilton Families in 2015 to launch the Heading Home campaign, that aims to help 800 homeless families get off a streets by 2020. He has lifted over $30 million to do so.

At the opening ceremony of Benioff’s new 1,070-foot high Salesforce Tower in San Francisco in May, he urged tech companies to follow his lead. “We see a city undergoing vital change though also confronting obligatory challenges,” he said. “Successful cities and successful businesses go palm in hand.”

Article source: https://www.forbes.com/sites/laurengensler/2018/10/12/marc-benioff-jack-dorsey-proposition-c-homelessness-san-francisco/