It has been fairly well publicized that moderate GOP donor Charles Munger, Jr’s sister, Molly, has decided to make 2012 the year she stakes a major claim in California’s initiative process that her brother has navigated so frequently the past several years. Molly has pledged millions of dollars to fund an initiative that will utilize a tax increase on Californians to provide additional funding to schools. According to the initiative’s website it will raise billions in new tax revenue for school and education programs. The new tax revenues will come from all Californians, but targets the “top 1%” to carry the bulk of the burden, trying to capitalize on the latest “Occupy” movement rhetoric.

Of course Californians have repeatedly rejected new taxes the past several ballot cycles, and thanks to California GOP legislators, Californians were not asked to extend the tax hikes of 2009. Ms. Munger may very well find herself in an unintended fight with Jerry Brown’s own tax plan. So the possibility of Munger’s agenda being an immediate success may be at… Read More