#HedgePapers No. 29 – Hidden Donations Brought to Light: How the Wealthy Elite Tried to Defeat Proposition 30
17 Jul 2016
In 2012, California voters widely supported Governor Brown’s Proposition 30, a ballot measure designed to raise revenue for public schools. It was premised on the common sense idea that the state’s millionaires and billionaires pay their fair share of taxes to fund public schools.
Many of the wealthiest Californians, especially hedge fund managers and private equity investors, did not like that they were being pressured to pay higher taxes.... Read More