BERKSHIRE HATHAWAY ERCERATION Millions flows into the fight against the redistribution proposal of GOV. Newsom
An heir to Berkshire Hathaway gives millions of his father’s money out of California Gov. Gavin NewsomThe plan to “Gerrymander” the state in favor of Democrats.
“Gerrymanders are cancer, and central Decennium Gerrymanders are a metastasis,” Charlie Munger Jr. prescribed last week in an opinion piece for The New York Times.
“If we exchange the independent redistribution of California for a partisan grip, we kill the remedy. We send a dangerous message to the rest of the country that reform is conditional and can be abandoned when they are awkward. That is how cynicism is eroding in the government and civilian ventures fade.”
His father, Charlie Mungerwas the old business partner of the legendary investor Warren Buffett and had a capital of around $ 3 billion at the time of His deathAccording to the Bloomberg Billionaires Index.
In contrast to Buffett, who has always said that his three children would not receive wealth directly, but rather through philanthropic foundations they control, such as those Peter Buffett is used to breathe new life into Kingston, NY, Munger, during his life that he had already given his six children and two stepchildren half of his fortune.
Now Munger promised to use part of the inheritance that his father left to fight to stop the redistribution, according to Bloomberg NewsWith reference to a confidential source.
He has already spent $ 30 million on his campaign, according to the outlet.
Why the attempt at brake apping?
Newsom tries Tit-for-Tat with Texas, whose senate approved re -draw his cards In favor of Republicans, a movement that was supported by President Donald Trump.
The Democratic Governor mentioned his proposal, set on a voice of 4 November, “Beautiful Perfect Maps”, a play on Trump’s “Big Beautiful Bill”.
The political map of California could reform the congress, and even the presidential race of 2028, which is expected to come in news.
Munger is not the only rich man in the redistribution of struggle. Billionaires Michael Moritz And Reed Hastings Allegedly they donated on the Newsom side.
Munger, a Republican and a large donor for that party, was also removed from the Texas brake apartment. He was an architect of the rules of California who set an independent redistricting commission.
“The California Commission was established to rise above those temptations – and we must now defend it or see the promise of honest representation collapse in just another broken promise,” he wrote in the NYT.
“Charles Munger has passed a number of meaningful reforms in California and has said he will defend them strongly,” Amy Thoma Tantold a spokesperson for the anti-reducing group funded by Munger as the first voters told, told Sfgate.
“He believes that citizens should draw lines, not politicians. He opposes this attempt to take that right away.”
What does redistribution mean for real estate?
California is one of the most expensive states in the nation and has a well -known housing shortage crisis.
The median catalog price for July in the coastal state is $ 750,000, almost double the National of $ 429.990, according to Realtor.com® data.
Bicoamal Cara AmeerHe sells in California and Florida, says that if the Governor is successful in his braking app, this does not really have a real effect on real estate.
“Redistrictation can see people from certain political views from those areas that are now blue in California or want to migrate to a red state as a result of mass redistribution efforts,” she tells Realtor.com.
“But moving includes a lot of effort and costs and may not be as simple as simply picking up and moving. People have jobs and lives and this can also pass by. The shuttle always waves politically, depending on the season that is things and it can ultimately moderate, depending on who the leadership in California is in the future.
“For those who have enough problems with this to move, they can just do it. Everyone can stay in place.”
Khari Washington Of the 1st United Realty & MortGage in Loma Linda, Ca agrees that the Nieuwsom plan may have no effect on the prices, but hopes that it will protect vulnerable voters.
“California has long been known as a blue tendency, and for just as many people who do not want redistribution, there are many Democrats who are happy that Democrats are finally fighting fire with fire.”
“Redistricting has been done in red -drilling states to disadvantage people for a long time, so many Democrats are tired of ‘they go low, we are going high’. People of color are under -represented and fight for their lives, so idealistic gestures of a utopian way to approach redistribution are no longer attractive,” he says.
