Showing posts with label Millionaires tax. Show all posts
Showing posts with label Millionaires tax. Show all posts

Friday, March 16, 2012

Schools and Taxes - Welcome to Mississippi



            California public schools are in crisis- and they are getting worse. This is a direct result of massive budget cuts imposed by the legislature and the governor in the last four years.  Total per pupil expenditure is down by over $1,000 per student. The result- massive class size increases.  Your students are in often classes too large for learning.  Supplementary services such as tutoring and art classes have been eliminated.  Over 14,000 teachers have been dismissed, and thousands more face lay offs this fall.
            California schools are now 47th. in the nation in per pupil expenditure and 49th in class size.  Our low achievement scores on national tests reflect this severe underfunding.
            Of course the economic crisis of 2007 to the present made matters worse.  The state took in some $30 billion less in taxes and thus had less to send to the schools.  School budgets have been cut by some $10 billion.  K-12 education receives about 40% of the California budget.  Thus any decline in the state budget leads directly to cuts in school services.
            The question for the corporate agenda, such as the Chamber of Commerce is can the economy prosper with a poorly educated work force.  California grew and prospered from 1970- 1994 based upon a well educated work force.  Then, in the 1994-2008 period over $10 billion of tax cuts were passed – making the current crisis much worse.  California suffers from a decade of disinvestment.  Today,  instead of following the education  approach,  conservative anti tax forces have imposed an Mississippi approach on California.

Monday, March 05, 2012

6000 students march on California Capitol


More than 6,000 students from Central and Northern California marched on the California Capitol today to demand full funding of education,  student debt relief and Tax the Millionaires to pay for it. The impressive demonstration was organized primarily by student associations of the community colleges, the CSU and U.C. campuses in the northern half of the state.
Key legislative leaders addressed the crowd and offered legislation to fund public education- which they can not pass do the constitutional requirement of a 2/3 vote to raise taxes.
There have been many promises of an occupation of the capitol, and the police presence was immense.

The first rally of the day was to end at 12:30.  Occupy folks have set up a site on the North Side of the Capitol where they held  a general assembly and non violence training.  The occupy supporters numbered about 100.   
Yet a third event today was the  5:30 PM rally organized by labor.   About 400 trade unionists showed up and supported the students and workers.  See photos.
The several unions supporting and funding the Tax the Millionaires signature gathering used an effective strategy which we used in March of 2010 while gathering signatures for the California Democracy Act.   They printed several hundred well done posters saying Tax the Millionaires.  They went to the student assembly points where thousands were arriving without signs and gave the posters away free.  In the march at least one of every six marchers was carrying a Tax the Millionaires sign – an impressive showing.  Tax the Millionaires is supported by the California Federation of Teaches (AFT), the California Nurses (CNA) and most recently Moveon.  In addition to tabling, some 60 signature gatherers traveled through the crowd to collect signatures of voters. 
  UC Davis YDS members at the rally.


Monday, February 06, 2012

Millionaires should pay their fair share of taxes


 by Duane Campbell
California needs additional revenue to fund schools and to invest in the future.  A tax plan known as  The Millionaires Tax has been   proposed by the California Federation of Teachers and the Courage Campaign to increase revenues to pay for vital services.   It was assigned the official title "Tax To Benefit Public Schools, Social Services, Public Safety, And Road Maintenance," on Friday, Feb.2,   by California  Attorney General Kamala Harris.
A report of the California Budget Project notes that  measured as a share of family income, California’s lowest-income families pay the most in taxes. The bottom fifth of the state’s families, with an average income of $12,600, spent 11.1 percent of their income on state and local taxes.  In comparison, the wealthiest 1 percent, with an average income of $2.3 million, spent 7.8 percent of their income on state and local taxes.”
The Millionaires  Tax  plan, of  the California Federation of Teachers and the Courage Campaign would raise taxes by three percentage points on income above $1 million and five percentage points on income over  $2 million.    Analysts say the proposal would generate $4 billion to $6 billion annually.  Signature gathering for the plan will begin within weeks.
The plan competes  with Gov. Jerry Brown's tax initiative, which would raise income taxes on earners starting at $250,000 for single filers, as well as increase the statewide sales tax by a half-cent.

Wednesday, January 18, 2012

Governor Brown continues austerity program and failure

English: Jerry Brown's official picture as Att...
Image via Wikipedia

Brown- further commitment to austerity.
Jerry Brown gave his required State of the State address today and committed himself to continuing budget cuts and austerity as an economic policy. 
The first problem is- austerity programs do not work !
 The Governor continues his poorly informed, misguided austerity program which proposes  to reduce the budgets through cut backs in services, reductions in public education, cuts to public employment, and reduction in public pensions.
Budget cutting to balance the budget will not get us out of this hole.  Look at Ireland, Greece, or Spain or Michigan, Wisconsin, and  Mississippi (each of these economies is smaller than California)?   Budget cuts only start a downward spiral of pain. We can not simply cut our way out of the crisis, budget cuts and lay offs make the recession worse.  We have witnessed this for the last two years.
The current budget crisis was caused by the real estate crisis, the sub prime loan crisis, and the  national economic crisis.  This crisis was created by finance capital and banking, mostly on Wall Street ,ie. Chase Banks, Bank of America,  Washington Mutual,  Country Wide, AIG, and others.  
Brown says,  Again, I propose cuts and temporary taxes. Neither is popular but both must be done. In a world still reeling from the near collapse of the financial system, it makes no sense to spend more than we have. The financial downgrading of the United States, as well as of several governments in Europe, should be warning enough. It is said that the road to hell is paved with good intentions and digging ourselves into a deep financial hole--to do good--is a bad idea. In this time of uncertainty, prudence and paying down debt is the best policy.- This is the definition of an austerity program.

Brown’s proposals are modest- too modest.  The High Speed Rail authority is a stimulus plan, but California needs an educational stimulus plan and the funds to pay for the needed investment.
 
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.