144 billionaires in California – and no money for US students

 

There’s no money to fund education in Oakland, California (and the rest of California and the US) for low-income students and communities, but there are 144 billionaires in California with total assets of $9.1 trillion. If we imposed $8.9 trillion in taxes on them, they would each still have $1 Billion and we would have $8.95 TRILLION in taxes for public use! For perspective, the annual Gross Domestic Product of the entire United States is $20 Trillion. Never mind that they got rich by owning what are really social resources which should be public.

The People’s Tribune welcomes articles and art from those who are engaged in the struggle to build a new society that is of, by and for the people. Unsigned articles reflect the views of the editorial board. Bylined articles reflect the views of the authors. Please credit the source when sharing materials: © 2019 People's Tribune. We rely on our readers to fund and distribute the paper. Donate at http://peoplestribune.org or send to PT, PO Box 3524, Chicago, IL 60654-3524.

Speak Your Mind

Your email address will not be published. Required fields are marked *