Free Republic

Some are deriding Nicolas Berggruen and other wealthy reform advocates for jumping into the initiative fray with plans for fixing California's tax system, schools and other services. This editorial board has long been leery of initiatives, and we certainly understand why many are angry about wealth disparities that have grown wider since the recession. Yet Californians shouldn't reflexively reject a reform measure because its backers are wealthy. Instead, we should welcome the energy behind any and all efforts to fix California's governance and finances, and recognize that any change in the status quo will require not only strong grass-roots support,...

Billionaires, Insiders Plan To Place $10-Billion Tax Hike On 2012 California Ballot Acting as the Think Long Committee, they want to change the tax system to increase money for public schools and universities and for local governments. By Anthony York, Los Angeles Times November 20, 2011 Reporting from Sacramento— Joining the battle over California taxes, a group of billionaires and political insiders say they will place a $10-billion tax increase on the November 2012 ballot. The Think Long Committee, which includes Google Chairman Eric Schmidt, former governors Gray Davis and Arnold Schwarzenegger and Los Angeles philanthropist Eli Broad, says its...