Los Angeles City Council Authorizes Public Bank Action Plan

From Public Bank Los Angeles: “BREAKING! Back-to-back wins in CA & LA. Los Angeles City Council unanimously approves motion authorizing public bank action plan, the 1st municipal bank in the U.S. #PublicBankLA will reinvest profits in the public interest, putting the power of capital in the hands of the people.The LA public bank will keep […]

Gov. Newsom Signs AB 1177, the California Public Banking Option Act!

From the California Public Banking Alliance, October 4, 2021: HISTORIC! Today Governor Gavin Newsom signed AB 1177, the California Public Banking Option Act, a historic step which sets into motion the creation of the nation’s first public banking option. AB 1177 creates the opportunity to transform our financial services system and to center it on the […]

Join the List of BankCal Endorsers!

Build the movement for economic justice: Endorse AB 1177, the California Public Banking Option Act! bit.ly/endorse1177 For more information about BankCal, Assembly Bill 1177, please visit https://bankcalnow.com/

House Panel Approves Bill To Study Slavery Reparations

Get your citizen lobbying gloves on to help right the wrongs of history and win justice. #SolidarityInAction https://www.huffpost.com/entry/house-judiciary-slavery-reparations_n_6077b2bde4b0e554e81b2575 “Here we are today, marking up for the first time in the history of the United States of America any legislation that deals directly with the years and centuries of slavery of African American people who are […]

Visualizing “Wealth Inequality”

When progressives talk about “wealth inequality,” “fair taxation of the wealthy,” or “wealth redistribution,” what do we mean? Here is a website that attempts to demonstrate the disparity with graphics: https://mkorostoff.github.io/1-pixel-wealth/ Average U.S. weekly wage in 1973: $872.44 Average U.S. weekly wage in 2021: $840.08 Jeff Bezos wealth in 2001: $1.5 billion Jeff Bezos wealth […]

Support AB 1177, the California Public Banking Option Act

https://bankcalnow.com/faqs Why BankCal? One in two Black and Latino households, and 1 in 4 California households, are currently unbanked or underbanked, meaning that they lack access to basic financial services. The unbanked and underbanked are paying disproportionately more to access the money they earn, lack secure means to save, and have fewer opportunities to build […]