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Ballot measures that would unarguably save bags of cash were soundly rejected by hundred million dollar hubris peddling campaigns.

They work because the voters are low-information, uninformed and proud of it in spite of the real-world consequences. Let’s go over 3 ballot initiatives.

Measure B

Every year, the LA tax-payers pay $100,000,000 in interest to commercial banks like Wells Fargo and Bank of America because the city hasn’t chartered its own bank.

It could do this, as in literally save $100,000,000 and then give out small business loans and make about $75,000,000 on top of that. This administrative slight of hand comes at Zero cost and creates $175,000,000 a year. …



About

C. McKenzie

Promoting sincere serious inclusive heterogenous horizontal thinking and intellectual integrity

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