Final Note

If California were divided into six states…

Kai Ryssdal Jul 15, 2014
HTML EMBED:
COPY
Final Note

If California were divided into six states…

Kai Ryssdal Jul 15, 2014
HTML EMBED:
COPY

Direct democracy as practiced here in the Golden State has just shot itself in the foot.

A venture capitalist from Silicon Valley offered a proposal late last year to break California into 6 different states.

It wasn’t given much of a chance of going anywhere, but then the venture capitalist in question – Tim Draper – announced yesterday he’s gathered enough signatures to get it on the ballot in 2016. 

My colleague David Brancaccio talked to Tim Draper about his plan when it came out.

Two things of note here:

1) Silicon Valley and all its money becomes its own state.

Handy, huh?

2) Central California would instantly become the poorest state in the country by per capita income.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.