The ReFund California Pledge

The growing Occupy Wall Street movement has shown that there is another alternative.  Corporate profits and taxes on the super-rich, including those who sit on our schools and universities’ boards, could pay for refunding public education.  This is why organizations representing millions of students and educators around the state have joined together in calling for a week of action from November 9th through 16th to ReFund Public Education, and are calling upon the UC Regents, the CSU Trustees and other political and corporate leaders to sign the Refund California Pledge.


The Re-Fund California Pledge

To the people of California,

As an education leader, I pledge to do everything in my power to make Wall Street corporations and the wealthy pay their fair share for essential services and affordable, equitable public education from pre-K through post doctoral.  I pledge to support:

  • Increasing income taxes on California's wealthiest.
  • Closing Proposition 13’s corporate property tax loophole.
  • Implementing a federal sales tax on Wall Street financial transactions.
  • Reducing underwater mortgage debt to Wall Street to improve the economy.
  • Reversing tuition increases, layoffs, and cuts to public education and essential services – ensuring good jobs that provide healthcare and a dignified retirement.
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commented 2013-12-30 23:31:53 -0800 · Flag
Thank you
commented 2011-11-27 23:14:14 -0800 · Flag
Simple example : Let us consider 1 million persons earning 1 dollar + 1 person earning 1 billion dollar. In average, a person earns 1000 dollars. First think about the actual meaning of this average number. Then apply 1% tax : you collect 10000 dollars from 1 million persons and 10 million dollars from 1 person : more than 99% of the PIT is paid by less than 0.0001% of the population. So what, is there any apparent inequity toward the richest ? No. Yes they pay a larger part of the PIT, but they have everything. What do you learn from this idle example? averaged quantities and percentages have to be manipulated with a lot of care. What is important is what everybody is able to give in returns to his unmeasurable luck to live in such country. Someone earning 1 billion when everybody earns 1 dollar necessarily exploits the system for his own benefits. What is the limit of selfishness in a society is the right question to answer.
published this page 2011-11-01 13:20:00 -0700

ABOUT US: ReFUND California is a coalition of organizations throughout California committed to exposing the unfairness of the state’s current economic reality and engaging in public campaigns to force the changes that are necessary.