Wealthy San Francisco tech investors bankroll bid to ban homeless camps – IOTW Report

Wealthy San Francisco tech investors bankroll bid to ban homeless camps

The proposed law would ban tent encampments from San Francisco’s sidewalks – a visceral reminder of the city’s gaping inequality.

The Guardian:  

A tent on a sidewalk is the only place thousands of San Franciscans have to call home. But if a few of the city’s tech billionaires and millionaires have their way, even that shelter could be taken away.

Sequoia Capital chairman Michael Moritz, tech angel investor Ron Conway, and hedge-fund investor William Oberndorf have donated $49,999 apiece to a divisive ballot measure intended to clear San Francisco’s streets of homeless encampments, according to campaign filings.

Zachary Bogue, a tech investor best known as husband to the Yahoo CEO, Marissa Mayer, also pitched in $2,500.

Those sums may be chump change to the likes of Moritz (net worth $3.1bn), but they account for the majority of the approximately $270,000 campaign chest.

Proposition Q purports to address the most visible symptom of the city’s ongoing homelessness crisis, tent cities that crowd the sidewalks in certain neighborhoods.

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15 Comments on Wealthy San Francisco tech investors bankroll bid to ban homeless camps

  1. Whaaaaa?!?!?

    You mean, they DON’T want to give away their wealth to these homeless so there aren’t any poor anymore….but instead only want them out of their sights?!?

    They *must* be Republicans! The Media told me so!!!

    🙂

  2. NIMBY

    And since when do people who can’t afford to live in the most expensive city in the country have a right to ‘live’ there even if it’s only a tent? I couldn’t squat in the Seattle Highlands just because I can’t afford to live there.

  3. Was just in San Fran last week. Homelessness has always been bad there but it was noticeably worse. And panhandlers were aggressive, making sexual comments at the same time they were asking for money. Totally bizarre. I have to believe this is hurting tourism, quality of life, etc. People on the left are such idiots though, I expect any solution they cook up will result in unintended consequences that make the situation worse.

  4. @The Rat Fink:

    The place attracts bums like shit attracts flies. You won’t get rid of the flies until you get rid of Left.

    I was thinking you won’t get rid of the flies until you get rid of the shit, but I guess that’s pretty much the same thing.

  5. Czar said: “You mean, they DON’T want to give away their wealth to these homeless so there aren’t any poor anymore….but instead only want them out of their sights?!?”

    Problem with giving them some of your wealth (which EVERYONE does because these homeless are on the dole), is that they would have spent in one day on drugs and booze, partying with their other homeless friends. They’re homeless because of choices they made. I’ll be in San Francisco next week, walking down the sidewalk is a challenge.

  6. I expect that a San Francrisco judge will decide that squatting on the sidewalk (and I mean that both ways) establishes homestead rights and orders the city to issue and register property deeds to the two-legged vermin.

  7. Please don’t kick them out of SF, their next stop will probably be Portland. The influx of low-lifes from CA has increased exponentially since marijuana was legalized. We need a border wall of our own (and make CA pay for it).

  8. If they hired Americans, rather than hopelessly incompetent H1-B visa holders from the Third World, there would be far fewer homeless American people.

    There are shades of South Africa here – their White populace has been de-platformed from the economy, too.

  9. For entertainment we used to visit San Francisco a couple times/year, used to go to Seattle a couple times/month, used to visit Portland a half dozen times/year.

    If I cannot avoid going to any one of these God forsaken shitholes, for whatever reason, I am damn near in a state of depression about it today.

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