I buy three newspapers most mornings at Mac’s for seven bucks and leave a buck in sales tax. When we built the new Mitchell Park library we spent $250,000 of the $25m budget on art: the Beasley arch, a laser cut tree, the owl bollards. The library that is open only slightly more than our system wide rate of 27 percent of the time 97 of 350 possible hours
So if we are going to discuss a business tax, why not go where the money is: venture capital.
Why not tax a tenth of a percent $1 per thousand?
There’s $300b nationwide up from $160 the previous year. One billion of that lands in Palo Alto. Another billion starts here. The trades track this stuff. Subscribe to SV Business Journal.
It says $8m is for ArmorCode security software. They’d probably enjoy knowing thar due to their ingenuity we kept The Mitch open a couple extra hours per week.
We could have an extra $100m per year for we the people hosting the trillions of wealth ”created” here.
2100 Geng Road in the Baylands
ArmorCode was founded in July 2020 by CEO Nikhil Gupta — the former VMware and Cisco executive most known for founding Avid Secure, an AI-powered enterprise cloud security posture management company acquired by Sophos — and seasoned CTO Anant Misra to help companies take charge of increasingly-complicated application security environments. According to Gartner, application security is one of the top three fastest-growing segments within cybersecurity.