Wealth and Politics
Individuals with serious wealth can have an impact on local ballot measures. Sometimes they put their money to good use.
Billionaire George Soros spent $1.4 million to support California’s Proposition 5, which would expand drug-treatment programs and apply new restrictions on sending paroled drug offenders back to prison for parole violations.
Sometimes they don't.
Nevada millionaire Loren Parks has spent $3 million on this year’s state election–partly to fund ballot measures designed to get tougher on criminals and to shift a portion of the state’s lottery proceeds to law enforcement.
This Wall Street Journal story examines multimillionaire spending on ballot issues and asks: "Is all this billionaire-backed politics democratic?" What do you think?
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