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San Francisco Voters Back
´Robin Hood´ Tax On Business

Yahoo! Finance, by Lucas Laursen

Original Article

Posted By:NorthernDog, 11/8/2018 11:41:41 PM

San Francisco voters passed Proposition C yesterday with a 60% majority, Recode reports. The proposition establishes a tax between 0.175% and 0.69% on the gross income of businesses reporting over $50 million in annual turnover, along with a 1.5% payroll tax for certain companies with $1 billion in turnover to fund housing and homeless services. The city predicts it will generate between $250 million and $300 million to help needy causes. It already set off a multi-million dollar funding battle among tech titans: Salesforce CEO Mark Benioff and Twitter CEO Jack Dorsey exchanged barbed tweets and campaign contributions in the

Comments:
Good luck maintaining your business in s Communist city.

      


Post Reply  

Reply 1 - Posted by: dvc, 11/8/2018 11:44:32 PM     (No. 11825464)

Actually it is a Joe Stalin tax.

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Reply 2 - Posted by: miceal, 11/9/2018 12:07:46 AM     (No. 11825480)

As the businesses flee and the economy of Kalifornia goes into the dumper, well...y´all did to yourselves...

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Reply 3 - Posted by: FunOne, 11/9/2018 12:14:31 AM     (No. 11825490)

You have to love big government--especially when you can vote to have someone else pay the taxes to support it.

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Reply 4 - Posted by: Ribald1, 11/9/2018 12:16:31 AM     (No. 11825494)

Some people never learn.
Oakland CA used to be the corporate center of the world. Multinationals called Oakland home.
Then they came up with a ´unitary tax´ and Clorox, Safeway, and hundreds of other fled Oakland, forever changing it from an economic powerhouse to briefly being the most dangerous city in America.
The problem of the millions flooding across the borders without skills or motivation is difficult to solve, and their is nothing SF or CA can do to convince Trump that it should end anymore than could be done with Soetoro.
However, this plan will fail.
In the end we will likely have to oppose the open borders directly and force Trump to choose between a military engagement against citizens or foreigners. As we were in process of doing with Soetoro.



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Reply 5 - Posted by: Smart11344, 11/9/2018 12:35:12 AM     (No. 11825519)

The Seattle City Council tried to tax rich corporations and dropped kit with a hot rock when those corporations said they could go elsewhere. How is it that democrats think they can decided anything without repercussions?

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Reply 6 - Posted by: Heraclitus, 11/9/2018 12:59:45 AM     (No. 11825544)

Surely they won´t forget those deep pockets of Pelosi and Feinstein, right?

If they had a brain they could study the destruction of one of the richest countries in our own backyard, Venezuela.

Jealousy and envy, arm in arm with anger and hatred: a volatile mix, deadly poison.

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Reply 7 - Posted by: pchristopher, 11/9/2018 1:11:21 AM     (No. 11825556)

....and then they came for the bagel shoppe...

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R-TA-Wide_2
  


 
Reply 8 - Posted by: JediJerry, 11/9/2018 2:07:01 AM     (No. 11825576)

There is no end to needy causes. But there is an end to businesses willing to pay the taxes. Let’s see how this works out. My bet is Newsome will put this in statewide. SF is just the start.

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Reply 9 - Posted by: LadyChurchillUSA, 11/9/2018 2:38:27 AM     (No. 11825583)

Not to worry "if you like your corporations and their jobs you will be able to keep your corporations and their jobs". No one is going to leave, no no no why would anyone leave just over a few hundred million bucks? Hey did those yacht purchasers leave over a few thousand? Oh wait..... People who actually made their money really don´t like handing it over to thieves who didn´t. Let me put it this way, "YOU did not build that; the owner of the company actually did."

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Reply 10 - Posted by: watashiyo, 11/9/2018 2:54:33 AM     (No. 11825589)

More TAX increase to come when their PENSIONs explodes.

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Reply 11 - Posted by: TheNewColdWar, 11/9/2018 4:06:44 AM     (No. 11825606)

Calizuela.

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Reply 12 - Posted by: George R., 11/9/2018 6:20:22 AM     (No. 11825673)

$380,000,000 was spent for as many as 20,000. people last year..... Thats $19,000. each for homeless people. Ought to just give em the money and let them buy their own house. Now they want tp add another $220,0000,000 to the fund...
c, mon San Andreas do your thing!

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.LockDme.
Lock-17


 
Reply 13 - Posted by: Hadjipoo, 11/9/2018 7:33:06 AM     (No. 11825777)

A "Robin Hood" tax would take it from the government.

Got that WAAAAAY backwards!!

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Reply 14 - Posted by: Dirtyjersey, 11/9/2018 7:35:43 AM     (No. 11825784)

I worry that these companies will move to low tax states, and bring their lefty employees with them. We need to have a $50k tax on uhaul trucks from California - pay for your bad ideas or stay home.

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Reply 15 - Posted by: jacksin5, 11/9/2018 7:36:41 AM     (No. 11825785)

The homeless will soon be able to occupy the vacant office buildings where successful businesses used to be.

San Francisco will soon look like the set of an apocalypse movie.

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Reply 16 - Posted by: skeptical1, 11/9/2018 10:53:17 AM     (No. 11826122)

People on this board naturally think that it is a good thing for a city to have a thriving business base. But the children who voted for this tax would like to see businesses leave the region. They blame the high-tech boom for sky-high real estate prices (and not without some justification), which in turn has (in their thinking) gentrified the city and exacerbated homelessness.

By the way, the writer calls it a "turnover" tax, which seems a little ambiguous to me, it´s officially called a "gross receipts" tax.

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Reply 17 - Posted by: SALady, 11/9/2018 11:15:56 AM     (No. 11826168)

The Demon-RATs know EXACTLY what they are doing!!!

They own California!!! So they are going to make it as business un-friendly as possible. Businesses will shut down or leave. This will cause a LOT of Californians (who are sadly LIE-berals who voted for "leaders" who did this to them) to move to other states where there are jobs and good economies. ALL of those states are Republican-run states. When these LIE-beral employees move there, they will continue to vote for Demon-RATs, which will then destroy those states´ economies just like they did in California!!!

I call it the LOCUST EFFECT!!!! Locusts swarm a nice lush field, eat everything in sight within minutes, leave the field destroyed, and move on to the next nice lush field. Locusts do not stop until they run out of nice lush fields to destroy. Then they all die.

Welcome to the LIE-beral future of America!!!!!

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.R-LJ.


R-LJ
  


 

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