California Forever, which bought 60,000 acres, has received fierce opposition from local officials and environmental groups
The controversial plan backed by Silicon Valley billionaires to build a new city in northern California farmland could come before voters later this year.
California Forever, the company that quietly acquired 60,000 acres of land in Solano county and recently revealed it planned to build a city there, announced on Wednesday it would submit a ballot initiative asking voters to clear the way for the project.
Along with the announcement of the ballot initiative, the company shed further light on its plans. It is proposing to create a new walkable and sustainable community with a variety of housing options, including apartments and row houses, on 18,600 acres in east Solano county, about 60 miles from San Francisco. Their plan also includes a pledge to create as many as 15,000 jobs, a $400m fund for down payment assistance as well as a requirement that at least 4,000 acres be used for parks, trails and other green spaces.
This why billionaires accumulating wealth is a problem. Their power will exceed that of democracy someday.
They can purchase their own military in the end, and even enslave people in the literal sense.
The US had it right in the 1950’s. Income over $100,000 (like $1.7 million today) was taxed at a rate of over 90%. Imagine how much money would filter back to everyone else in a company when the owners and ceo’s couldn’t pull $30,000,000 a year with bonuses while half their workers were making $16/hr. No more ceo headhunters for more and more money. No more people worth billions at the expense of the country.
You do that and overturn citizens united, then 75% of everything jacked with the country will get better.