Billionaire Marc Benioff celebrates after San Francisco votes for new tax that will take millions from big tech firms to solve the city’s homelessness crisis

Marc BenioffKimberly White / Stringer

  • Proposition C, a measure which will tax San Francisco’s largest companies in order to combat homelessness, passed on Tuesday.
  • Salesforce CEO Marc Benioff has been a vocal proponent of Prop C and hailed the victory in a tweet.
  • Prop C would target Salesforce, which Benioff has estimated will pay between $ 10 million and $ 11 million a year.

Marc Benioff has tweeted jubilantly following the success of Proposition C.

The tax scheme was voted through on Tuesday during the US midterms. It will tax big San Francisco companies whose gross annual receipts total $ 50 million to raise money to combat the city’s homelessness crisis.

See the rest of the story at Business Insider

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of and Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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