Venture capitalist's plan for 6 Californias clears crucial test
LOS ANGELES — California has reached the breaking point, says Tim Draper. The Silicon Valley venture capitalist is pushing a proposal to crack the nation's most populous state into smaller pieces — six of them.
California has grown so big and so inefficient, it's ungovernable, according to a ballot initiative that could reach voters as early as November.
It has to go, he says.
“Vast parts of our state are poorly served by a representative government,” according to Draper's plan, which cleared a key government hurdle this week, part of the process to qualify for the ballot.
Draper needs about 808,000 petition signatures by mid-July to make the cut.
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