Good news! Keep your fingers crossed for this important ballot initiative!
"Few states have been as profoundly shaped by their public-sector unions as California. Government labor groups there elect their own bosses and number among the biggest spenders on ballot campaigns to raise taxes and expand government. They have engineered some of the richest retirement benefits in the public sector—at the cost of hundreds of billions of dollars in public debt.
But one California businessman thinks that he can change all that. Silicon Valley venture capitalist Tim Draper has filed a petition with the California attorney general’s office for a ballot initiative that would amend the state constitution to outlaw public-sector unions. “Public employment costs have exploded, including taxpayer funded pensions and lifetime health benefits not enjoyed by employees in the private sector,” the petition reads. “Worse yet, some public employee unions have used their money and power to protect bad employees engaged in unspeakable misconduct and others who have completely failed at their jobs.”
Draper faces a strenuous uphill battle. He must collect close to 1 million signatures to qualify an amendment to the state constitution for the ballot—a path likely to be made more difficult by union-friendly election officials, who will throw obstacles in his way. If he succeeds, he’ll then face an election against the most well-heeled opponents: Golden State public-sector unions spend hundreds of millions of dollars every election cycle, and they’ll empty their coffers to defeat him. ..."
Notice: Tim Draper wears a bitcoin tie!
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