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Stripe donates $19,999 to “No on Prop C”, avoiding ethics disclosures

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Re: Stripe donates $19,999 to “No on Prop C”, avoiding ethics disclosures

#4
post #2

For those of us outside valley would someone like to give a decent summary of Prop C?

from their website:

> Proposition C, called Our City Our Home on the November 8, 2018 San Francisco ballot would generate $300 million per year to address San Francisco's homelessness crisis by increasing the business tax on San Francisco's wealthiest corporations.

> Only businesses making over $50 million a year would be affected, and their first $50 million in revenue is exempt. Their tax rates would increase between 0.175 and 0.69 percent, depending on the type of business. (Compare that to Prop D, which will increase the tax on large cannabis businesses by 5%!)

Re: Stripe donates $19,999 to “No on Prop C”, avoiding ethics disclosures

#6
post #2

For those of us outside valley would someone like to give a decent summary of Prop C?

from their website: > Proposition C, called Our City Our Home on the November 8, 2018 San Francisco ballot would generate $300 million per year to address San Francisco's homelessness crisis by increasing the business tax on San Francisco's wealthiest corporations. > Only businesses making over $50 million a year would be affected, and their first $50 million in revenue is exempt. Their tax rates would increase betwe…

This is the worst description possible. Increasing taxes doesn't address homelessness -- doing something with that tax revenue does. I just read over Prop C and while it's not the most clear proposal, it doesn't seem unreasonable, and isn't very hard to actually ... summarize its effects, not just hint at the end goal.

ETA: Prop C would add a 0.175%-0.325% tax to large companies, which would go to: administering the taxes, permanent housing (short-term rental subsidies, construction/acquisition of apartment buildings for the homeless, operation of buildings for very low income households), homeless shelter expenditures, homelessness prevention expenditures, mental health expenditures for the homeless.

Re: Stripe donates $19,999 to “No on Prop C”, avoiding ethics disclosures

#8
post #3

This made me laugh because it's maybe the first negative piece that I've ever seen about Stripe that wasn't "they stopped processing my payments for reasons that I don't like". The delivery is very good.

that wasn't "they stopped processing my payments for reasons that I don't like"

If you are a business that depends on a given payment processor, when they suddenly stop processing your payments and/or hold back funds without warning, it can be a deathblow if you're bootstrapping. I wouldn't be so cavalier when you're talking about taking away people's livelihoods, especially because these things often happen without explanation or evidence of clear violations of TOS by the merchant.

Re: Stripe donates $19,999 to “No on Prop C”, avoiding ethics disclosures

#9
When the primary complaint is lack of transparency in spending you've got to the mythical Churchill 'we are only arguing about price madam' moment: they realise they have social obligations and can't actually say because shareholder worth any more than anyone else.

It's actually win-win: if they move town, rents drop. (Yes, unemployment will rise short term too)

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