2018-08-20 13:24:35

How Public Banking Offers a Path to Social Justice



Voters in Los Angeles will have the opportunity this fall to decide whether or not to charter a public bank. If the measure is successful, Los Angeles would become the first city in the country to have its own bank. Currently the city banks with large financial institutions like Wells Fargo, which make hundreds thousands of dollars in interest off of taxpayer money and then in turn invest those profits into unjust institutions like private prisons and fossil fuel corporations. Many campaigns over the years have attempted to pressure banks to stop their funds from promoting unjust or cruel practices. A public bank would address this problem at its source, removing tax dollars from private institutions altogether.

GUEST: Trinity Tran, Lead Organizer, Public Bank LA

Fossil Fuel Los Angeles Prison Public Banking Wells Fargo

Economy

The David Pakman Show

Andrew Yang Corrects Fox News Fat Cat on UBI and "Socialism"

Andrew Yang Corrects Fox News Fat Cat on UBI and "Socialism"

The David Pakman Show

Fox News Blames Americans for Smaller Tax Refunds

Fox News Blames Americans for Smaller Tax Refunds

The Thom Hartmann Program

Why Democracy Needs a Wealth Tax

Why Democracy Needs a Wealth Tax

The David Pakman Show

Record Number of Americans 3 Months Behind on Car Payments

Record Number of Americans 3 Months Behind on Car Payments

Related

Democracy Now!

Atlanta School Cheating Scandal: The Untold Story of Corporate Greed & Criminalization of Teachers

Atlanta School Cheating Scandal: The Untold Story of Corporate Greed & Criminalization of Teachers

Democracy Now!

Crisis at Frigid, Dark NYC Prison: “A Choice Was Made Not to Treat People Like Human Beings”

Crisis at Frigid, Dark NYC Prison: “A Choice Was Made Not to Treat People Like Human Beings”

Democracy Now!

Stacey Abrams: “We Have to Work Harder” Than Those Who Would Suppress the Vote

Stacey Abrams: “We Have to Work Harder” Than Those Who Would Suppress the Vote

Democracy Now!

A Blue State Teacher Rebellion: Denver Teachers Vote to Strike as L.A. Educators Win Big Victory

A Blue State Teacher Rebellion: Denver Teachers Vote to Strike as L.A. Educators Win Big Victory