Will billionaire’s intimidation work?

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webmaster | 01/12/13
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No one spent more money trying to influence California politics during last year’s election season than the billionaire Munger siblings, Molly and Charles Jr., the children of Charles Munger Sr., who has provided them piles of money he made as the business partner of famed investor Warren Buffett.

Molly spent just short of $45 million on a failed attempt to raise taxes on almost all Californians to benefit public schools from kindergarten through high school.

Meanwhile, the $37 million put out by Charles Jr., a physicist at the Stanford Linear Accelerator Center south of San Francisco, went toward efforts to defeat Gov. Brown’s relatively modest tax increase proposition and to push for the latest incarnation of the three-time-loser “paycheck protection” plan aimed at reducing the political power of workers and their unions.

But Charles Munger Jr. was also active on the intimidation front. This effort demonstrated a gross disregard for the future ability of Californians to challenge initiatives and other laws...

 

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