California Six State Split Petition By Venture Capitalist
Professor Nate Persily weighs in on a new proposal by Silicon Valley venture capitalist Tim Draper to split California into 6 smaller pieces.
Venture Capitalist Tim Draper, of the venture capital firm Draper Fisher Jurvetson, is the chief proponent of a plan for dividing California into six states. California Secretary of State, Debra Bowen, approved the proposed six-state-split petition by the venture capitalist on Tuesday.
California is home to over 38 million people, which would translate to the 8th largest economy in the world if considered its own country. Among the 38 million people, 807,615 registered voters would have to sign the petition for qualification on the state ballot. July 18 is the deadline for signature collections. The vote would happen in November 2016.
Bowen continued in her statement, “Decisions by appointed commissioners and elected leaders would determine how taxes, public spending, and other public policies would change for the new states and their local governments.” David Carillo, executive director at the University of California, Berkeley, School of Law, and Nate Persily, Stanford Law School professor, separately concluded that Draper’s plan will not happen.