this post was submitted on 14 Jan 2025
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How This Billionaire Couple STOLE California's Water Supply | The Class Room ft. ‪@SecondThought‬ [08:08 | DEC 20 2022 | More Perfect Union] (youtu.be)
submitted 23 hours ago by jimmydoreisalefty@lemmy.world to c/videos@lemmy.world
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Video description:

While 40 million Californians suffer through unprecedented drought, one billionaire couple owns a massive share of the state's water system, largely seized in a series of secretive meetings two decades ago.

That system was largely paid for by the very taxpayers whose water these billionaires hold hostage. The Resnicks are the biggest farmers in California–as of 2007 they owned four San Francisco’s worth of farmland. Nearly half of Americans buy at least one of their products: pistachios, POM pomegranate juice, mandarins, flowers, and more.

It’s all under one massive umbrella: The Wonderful Company, a privately owned company worth at least 5 billion dollars. The majority owners, the Resnicks, are worth at least 8 billion.

We dug into how Lynda and Stewart Resnick were able to seize control of what should be a shared public resource with ‪@SecondThought‬ on this latest episode of "How They Got Rich" by The Class Room at More Perfect Union.

About:

More Perfect Union is a new nonprofit media org with a mission to empower working people. Learn more here: http://perfectunion.us/

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[–] antlion@lemmy.dbzer0.com 3 points 15 hours ago

7x7 is 48 square miles, and four times that is about 200 square miles (520 sq km). But the area would be 14x14 miles.