Technology billionaires Benioff and Dorsey Square worry about the fight against homelessness



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Marc Benioff spoke about the responsibility of the tech community to tackle homelessness in San Francisco at the opening ceremony of the Salesforce Tower in May. (Photographer: David Paul Morris / Bloomberg)

The titans of billionaire technology, Marc Benioff and Jack Dorsey, do not know exactly how to solve the homelessness problem in San Francisco.

The pair went on Twitter Friday to voice its opposing views on a voting move in front of San Francisco voters in November called Proposition C, which would require local businesses to tax local businesses to raise money. to support programs to help the homeless.

Salesforce co-founder and CEO Marc Benioff, who has clearly expressed the need for technology companies to play their part in the fight against homelessness in San Francisco, expressed his support for Prop C and tweeted Friday: "Homelessness is our responsibility, which is why we support Prop C. Together, in San Francisco, we can tackle the most complex and difficult problems in our city. "

The ballot measure is designed to impose a corporate tax on businesses with gross revenues of more than $ 50 million at a rate of up to 0.69%. The funds would go towards Homelessness services in the area. San Francisco and other major cities in the United States have had to cope with a growing population of homeless people.

Benioff is committed to donating $ 500,000 to support the Prop C campaign and plans to spend at least $ 1 million for his own ads in support of this proposal, he told the San Francisco Chronicle.

Meanwhile, Jack Dorsey, co-founder and CEO of Twitter and Square, is a technical leader who does not consider Prop C as the right solution to the problem. "I want to help solve the problem of homelessness in SF and California, and I do not think that (proposal C) is the best way to do it," he tweeted in response to Benioff.

Another technology billionaire, Patrick Collison, co-founder and CEO of Stripe, quickly sounded in"I'm with Jack, Marc is well-intentioned, but I trust Mayor Breed's expertise in homelessness," he tweeted.

The mayor of San Francisco, London Breed, elected in June, voted against the ballot vote last week. She was joined by the city chamber of commerce. Breed said in a statement that its top priority was to fight homelessness, but that the current proposal did not provide enough responsibility. She and other critics also argued that the proposal would exacerbate homelessness in the city, as other homeless people would be attracted by the increase in services.

Jeff Bezos of Amazon also protested against a similar corporate tax in Seattle that allegedly funded services for the homeless. It was repealed by the city council in June.

Dorsey summed up his opposition to Prop C by wanting Breed to repair the homelessness of the city, a platform on which she ran successfully. "Mayor Breed was elected to solve this problem, I trust him," he tweeted.

That did not stop Benioff from hit back. He called Dorsey for the tax breaks he had obtained by opening his offices in the mid-market area, as well as for the rise in Twitter and Square stock prices, which added billions to his net worth. . "What programs for the homeless do you support in our city? ", He asked.

The two men traded a few more spikes, Dorsey saying that Benioff "distracted" and reaffirmed his support for Breed. Benioff responded, in turn, by stating that "if you want to fight with a relatively small tax, half a percent to help our number one problem, you'll be better prepared to talk about what you do and what you do." do not want to do. Dorsey reiterated his support for the mayor: "I support the mayor's plan. The one you have decided to ignore. It simply asks for responsibility and control. Let's listen to her and let her lead. If I'm wrong, I'll admit it and work with you to fix it. "

When he was contacted, a Square spokesperson called the homelessness of the city a "humanitarian crisis" and said the company stood behind the mayor to find a "consensus response to homelessness". ". Dorsey has always had a lot less voice on the homeless. In 2013, he told Fortune that he considered income inequality in San Francisco as a "responsibility" of businesses in the region. He personally seeks to do his part by setting an example by claiming that every Friday he collected garbage with a group of employees. around the neighborhood.

Benioff, on the other hand, has made the fight against homelessness one of his personal crusades. He partnered with a non-profit organization called Hamilton Families in 2015 to launch the Heading Home campaign, which aims to help 800 homeless families get off the street by 2020. He has collected more $ 30 million for this purpose.

At the opening ceremony of the new Salesforce Tower tower in Benioff, San Francisco in May, he urged technology companies to follow his example. "We are seeing a city in flux, but facing urgent challenges," he said. "Successful cities and businesses go hand in hand."

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Marc Benioff spoke about the responsibility of the tech community to tackle homelessness in San Francisco at the opening ceremony of the Salesforce Tower in May. (Photographer: David Paul Morris / Bloomberg)

The titans of billionaire technology, Marc Benioff and Jack Dorsey, do not know exactly how to solve the homelessness problem in San Francisco.

The pair went on Twitter Friday to voice its opposing views on a voting move in front of San Francisco voters in November called Proposition C, which would require local businesses to tax local businesses to raise money. to support programs to help the homeless.

Salesforce co-founder and CEO Marc Benioff, who has clearly expressed the need for technology companies to play their part in the fight against homelessness in San Francisco, expressed his support for Prop C and tweeted Friday: "Homelessness is our responsibility, which is why we support Prop C. Together, in San Francisco, we can tackle the most complex and difficult problems in our city. "

The ballot measure is designed to impose a corporate tax on businesses with gross revenues of more than $ 50 million at a rate of up to 0.69%. The funds would go towards Homelessness services in the area. San Francisco and other major cities in the United States have had to cope with a growing population of homeless people.

Benioff is committed to donating $ 500,000 to support the Prop C campaign and plans to spend at least $ 1 million for his own ads in support of this proposal, he told the San Francisco Chronicle.

Meanwhile, Jack Dorsey, co-founder and CEO of Twitter and Square, is a technical leader who does not consider Prop C as the right solution to the problem. "I want to help solve the problem of homelessness in SF and California, and I do not think that (proposal C) is the best way to do it," he tweeted in response to Benioff.

Another technology billionaire, Patrick Collison, co-founder and CEO of Stripe, quickly sounded in"I'm with Jack, Marc is well-intentioned, but I trust Mayor Breed's expertise in homelessness," he tweeted.

The mayor of San Francisco, London Breed, elected in June, voted against the ballot vote last week. She was joined by the city chamber of commerce. Breed said in a statement that its top priority was to fight homelessness, but that the current proposal did not provide enough responsibility. She and other critics also argued that the proposal would exacerbate homelessness in the city, as other homeless people would be attracted by the increase in services.

Jeff Bezos of Amazon also protested against a similar corporate tax in Seattle that allegedly funded services for the homeless. It was repealed by the city council in June.

Dorsey summed up his opposition to Prop C by wanting Breed to repair the homelessness of the city, a platform on which she ran successfully. "Mayor Breed was elected to solve this problem, I trust him," he tweeted.

That did not stop Benioff from hit back. He called Dorsey for the tax breaks he had obtained by opening his offices in the mid-market area, as well as for the rise in Twitter and Square stock prices, which added billions to his net worth. . "What programs for the homeless do you support in our city? ", He asked.

The two men traded a few more spikes, Dorsey saying that Benioff "distracted" and reaffirmed his support for Breed. Benioff responded, in turn, by stating that "if you want to fight with a relatively small tax, half a percent to help our number one problem, you'll be better prepared to talk about what you do and what you do." do not want to do. Dorsey reiterated his support to the mayor: "I support the mayor's plan. The one you have decided to ignore. It simply asks for responsibility and control. Let's listen to her and let her lead. If I'm wrong, I'll admit it and work with you to fix it. "

When he was contacted, a Square spokesperson called the homelessness of the city a "humanitarian crisis" and said the company stood behind the mayor to find a "consensus response to homelessness". ". Dorsey has always had a lot less voice on the homeless. In 2013, he told Fortune that he considered income inequality in San Francisco as a "responsibility" of businesses in the region. He personally seeks to do his part by setting an example by claiming that every Friday he collected garbage with a group of employees. around the neighborhood.

Benioff, on the other hand, has made the fight against homelessness one of his personal crusades. He partnered with a non-profit organization called Hamilton Families in 2015 to launch the Heading Home campaign, which aims to help 800 homeless families get off the street by 2020. He has collected more $ 30 million for this purpose.

At the opening ceremony of the new Salesforce Tower tower in Benioff, San Francisco in May, he urged technology companies to follow his example. "We are seeing a city in flux, but facing urgent challenges," he said. "Successful cities and businesses go hand in hand."

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