The Motley Fool Discussion Boards
Folly in 50 States and the World / Folly in California
|Subject: Re: Who's Against Prop 32?||Date: 10/8/2012 3:37 PM|
|Author: wecoguy||Number: 12740 of 12887|
Proposition 32 is Not What it Seems
Special Exemptions for Super PACs, billionaires, and thousands of big businesses...
Prop 32 supporters claim the law will limit big campaign spending from all sides. But the reality is that it would restrict everyday Californians from coming together to have a voice in elections while creating massive special interests for the same groups funding the campaign.
Prop 32 exempts thousands of big businesses, which aren't technically "corporations," but rather "LLCs" or "real-estate trusts" or any other form of business structure. This includes hedge funds, big Wall Street firms, insurance companies, and thousands of other business entities.
Prop 32 creates special exemptions for secretive Super PACs, allowing them to continue spending unlimited amounts of secret money to influence California elections.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|