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Billionaire Tech Investors Support Divisive Plan To Ban San Francisco's Homeless Camps (techcrunch.com)

An anonymous reader shares a USA Today report: The images are startling: Homeless men, women and children huddled on the streets of the San Francisco Bay Area -- often in the shadows of start-ups and high-tech behemoths generating billions of dollars in wealth. It's a stark contrast that has gripped the region, and prompted four county measures on the Nov. 8 ballot to generate $3 billion over the next 25 years for affordable housing and services. Under the most-ambitious measure, San Francisco Mayor Ed Lee has proposed a 0.75% increase in the sales tax, to 9.5%, to raise $50 million a year. Propositions J and K would generate $1.2 billion for the next quarter-century via a simple majority. "There is clearly not enough affordable housing, or housing at any level," says Kevin Zwick, CEO of Housing Trust Silicon Valley.TechCrunch adds: The debate over what to do about San Francisco's homeless population has been building for awhile among the many startups and residents here. But now tech billionaires Ron Conway, Michael Moritz and well-to-do hedge fund manager William Oberndorf have each thrown about $50,000 behind a measure to rid San Francisco of its homeless tent cities. Other notable investors, including Yahoo CEO Marissa Mayer's husband and venture capitalist Zach Bogue, have also donated. Bogue reportedly gave about $2,500 to support it.

4 of 271 comments (clear)

  1. Re:Is This a Joke? by Fwipp · · Score: 5, Interesting

    Speak for yourself.

    I live in Seattle, and I am more than enthusiastic about any plan that will help shelter our homeless neighbors. If I could vote a 10% income tax on myself to pay for making sure that everyone here has a safe place to sleep at night and to leave their belongings, I would.

    I believe that mayor Murray's proposed plan announced yesterday is insufficient, but better than the status quo.
    (In response to "well why don't you donate your money then" - first, I do, and secondly, one person's funds only do so much).

  2. Re:Better: jobs by Austerity+Empowers · · Score: 5, Insightful

    t's their own fault for being unemployed because they didn't keep their wages down .

    You had a typo in there, I fixed it.

  3. Star Trek called it by Jzanu · · Score: 5, Interesting
  4. Re:Better: jobs by Hylandr · · Score: 5, Insightful

    The ignorance is strong in this thread.

    You can only live so far from work before the cost and time of commuting are unmanageable.

    --
    ~ People that think they are better than anyone else for any reason are the cause of all the strife in the world.