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All posts tagged "Prop. 32"

  • EducationOctober 15, 2012

    Charles Munger Jr.: Remaking California in His Own Image

    (The following feature from the American Prospect is reposted with permission. Although it mostly focuses on Propositions 30 and 38, it also examines the leading financial backer of Proposition 32, which Frying Pan News is following in a special series of investigative pieces.)

    America has the Koch brothers, and now California has the Munger kids. Unlike the right-wing Kochs, Molly Munger and her brother Charles Jr. entered politics from opposite directions—she’s a liberal Democrat and a champion of inner-city schools; he’s an economic conservative, a social moderate, and a Republican activist. But thanks to the vicissitudes of California politics and the self-absorption that wealth can bring (their father is Charles Munger, a Pasadena attorney and investor who is the longtime vice-chairman of Warren Buffett’s Berkshire Hathaway investment consortium), they’ve come together in the past couple of days to attack the most important measure on the California ballot: Governor Jerry Brown’s initiative to raise taxes on the rich so that the state’s schools and colleges won’t take a massive fiscal hit immediately following the election.

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