Mark Zuckerberg and Priscilla Chan are pushing for a reform to CA tax law that would use property taxes to fund education, spending almost $11M on the effort
Vox Theodore Schleifer
Discussion
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@teddyschleifer
Teddy Schleifer
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NEW this AM — Mark Zuckerberg is quietly making the most expensive electoral play of his career. The Facebook billionaire is spending millions like never before to overhaul a landmark law — California's Propositon 13. Inside Zuck's latest battle —> https://www.vox.com/...
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@davidsacks
David Sacks
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So destructive. This is how they want to define their philanthropy — by helping the politicians chip away at Prop 13? The problem with California is not that it's under-taxed. Prop 13 has been a shield for the middle class. No wonder the country increasingly despises tech wealth.…
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@teddyschleifer
Teddy Schleifer
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Mark Zuckerberg privately reached out to other tech billionaires to try and get them to back reforming Prop 13. And reform proponents used Zuckerberg's name to try and validate the measure to other Silicon Valley leaders. https://www.vox.com/... https://twitter.com/...
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@mattyglesias
Matthew Yglesias
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Zuckerberg is good now https://www.vox.com/...
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@lhfang
Lee Fang
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Fascinating dynamic here, if Zuckerberg and Benioff are successful, they will pass the largest wealth tax in a generation in California, one that goes to fixing the jarring disparity in public school funding, one of the greatest drivers of inequality https://www.vox.com/...
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@coryweinberg
Cory Weinberg
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Raising taxes on commercial property owners (rather than homeowners) seems politically palatable enough that even Zuckerberg is dumping money into it. Salesforce is, too. But big property owners like Google and Apple have punted, @teddyschleifer writes. https://www.vox.com/...
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@andrewparker
@andrewparker
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Someone smarter than me once said Prop 13 is CA's original sin. Rooting for Mark on this one. https://twitter.com/...
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@teddyschleifer
Teddy Schleifer
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Tech billionaires and leaders have largely declined to make big donations to reform Prop 13. For instance, former YC head Sam Altman had talks with proponents about making a major contribution, but then ultimately passed, according to two sources. https://www.vox.com/...
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@billscher
Bill Scher
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Zuckerberg is ok now https://twitter.com/...
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@bensoskis
Benjamin Soskis
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ALOT going on in @teddyschleifer's latest on CZI and Zuck's push to overturn CA's Prop 13. Breaking some news w/ Salesforce recent support. And good material on how critique of mega-philanthropy is being used by trad. corp. interests (as well as the state's NAACP). https://twitte…
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@teddyschleifer
Teddy Schleifer
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@Benioff Where is the rest of Silicon Valley — which claims to care a ton about housing affordability — on reforming California's Proposition 13? Totally MIA. Mark Zuckerberg has been totally alone for almost the entire time in waging this high-stakes fight. https://www.vox.com/.…
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@issielapowsky
Issie Lapowsky
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Last month, when I wrote this piece about Zuck's extensive funding of Prop 15, I asked Salesforce whether Benioff supported it. No comment. https://www.protocol.com/... Now @teddyschleifer writes Benioff is putting $400k behind the campaign to change CA property taxes to fund sch…
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@teddyschleifer
Teddy Schleifer
on x
Scoop: Salesforce — the largest private employer in San Francisco — and @Benioff are coming out in favor of Proposition 15, the measure to reform California's landmark tax law. Salesforce is giving $400,000 to the reform campaign. https://www.vox.com/... https://twitter.com/...