Bernie Sanders group backs California billionaire | Political News
A progressive group linked to Bernie Sanders has announced its assist of a non-public equity billionaire for California governor.
Steyer, who also ran for president in 2020, has been building momentum ever since Democratic frontrunnner and former Rep. Eric Swalwell dropped out of the race following a number of accusations of inappropriate assault.
The 68-year-old shortly started gathering endorsements from labor and climate unions and now former opponents. Former state Controller Betty Yee ended her own gubernatorial marketing campaign on Tuesday while asserting her assist for Steyer.
For the past month, Steyer has persistently led in polls, with a CBS News survey launched this week displaying him neck-and-neck with Republican Steve Hilton, though 26% of voters said they have been still undecided main into the state’s main on June 2. California has a nonpartisan state main, which means the top two candidates regardless of occasion advance to a common election.
Our Revolution, which opposes billionaires’ position in politics, defended its endorsement by saying Steyer is difficult “the very system that benefits people like him.”
On the marketing campaign path, Steyer has said he helps a wealth tax on the wealthy and a single-payer health care system in California. He’s also pointed to his past controversial investments as causes he entered politics. He explained his past investments into for-profit prisons by saying that expertise led him to be more energetic in public service.
“It was a wake-up call for me,” Steyer told SFGate of the expertise. “Should I be doing this job? I mean, there’s a reason that I walked away from my business. There’s a reason that I walked away from all that money.”
Steyer’s firm Farallon in 2004 and 2005 invested practically $90 million into the nation’s non-public prison contractor, now identified as CareCivic — which presently operates an Immigration and Customs Enforcement facility in California.
A Yale union, his alam mater, demanded that the college divest from Farallon for investing into for-profit prisons. The billionaire responded in 2004 with a letter to college students saying, “We are proud of the work we have done, and continue to do.”
But his firm backtracked in 2006 by promoting the prison stock. Steyer left Farallon and offered his possession stake on 2012. He’s now price an estimated $2.4 billion, according to Forbes.
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