Partisan Primaries in Florida – BPR Interviews: Steve Hough
January 28, 2021
Steve Hough is the
director of Florida Fair and Open Primaries, an organization that, alongside Open Primaries and All Voters Vote, supported Florida’s 2020 Ballot Amendment 3. Amendment 3 would have implemented a top-two jungle primary system in Florida, allowing all registered voters to vote in a nonpartisan primary where the top-two vote-getting candidates, regardless of party, would advance to the general election. Under the current system in Florida only registered party members can vote in primaries. While the amendment garnered the support of 57% of voters, it ultimately didn’t meet the 60% threshold required for it to be adopted.
Yves here. The article cites a list by Robert Reich of how people become billionaires. Reich’s categories wind up missing private equity, since Reich assumes the only way people get rich in money management is via inside information. In fact, someone is twice as likely to become a billionaire by managing money as he is by going into tech. Asset management has strong scale economies based on the size of fund. Get a big enough fund and charge high enough fees (and in private equity, they are both rapacious and well disguised) and you get rich.
The cover of the May 20, 2020 issue of