4.5 • 705 Ratings
🗓️ 31 October 2018
⏱️ 10 minutes
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0:00.0 | Welcome to Axis ProRata, a podcast that takes just 10 minutes to get you smarter on the collision of tech business and politics. |
0:07.9 | I'm Dan Pramak. On today's show, how to know when we're really in a trade war, and Google finally begins to address its sexual harassment issues. |
0:16.7 | But first, San Francisco's big tech fight over homelessness. |
0:21.0 | Next Tuesday, voters in San Francisco will be asked to approve or reject something called Proposition C, which would create a new tax on local companies with proceeds aimed at helping the city's estimated 7,500 homeless residents. |
0:33.6 | Why it matters is that if approved, this could become a model for other cities, particularly |
0:38.2 | ones whose booming tech industries have helped create unaffordable housing environments. |
0:42.7 | But the outcome in San Francisco is anything but certain, and the ballot measure has |
0:46.3 | split a local tech community that usually sees eye to eye on political matters. |
0:50.9 | So on one side, we've got Mark Beniof, the billionaire chairman and CEO of Salesforce. |
0:55.0 | He's also the guy who just bought Time Magazine. Beniof is Prop C's most vocal backer and also |
1:00.5 | is the person providing most of its budget. He estimates it would cost Salesforce an extra |
1:04.5 | $10 million or so per year and says it's a drop in the bucket compared to what he sees as the |
1:09.8 | moral imperative, |
1:14.8 | because as he and honestly anyone who walks around San Francisco knows, |
1:17.2 | homelessness in the city has become pervasive. |
1:20.8 | Now, on the other side are folks like Twitter and Square CEO Jack Dorsey, |
1:23.6 | who sides with San Francisco's new mayor, London breed, |
1:27.3 | who thinks cut prop C is putting the cart before the horse. |
1:31.7 | She first wants to audit existing homelessness programs, believing that added financial resources alone haven't proven effective in stemming the problem in the past. |
1:35.6 | Plus, she's got some new legislation, like a conservatorship bill for those with severe |
1:39.7 | mental illness and wants to give them a chance to work. |
1:42.3 | Dorsey's also joined by folks like Stripe CEO Patrick |
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