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.

Click here to download the pledge form

Support from across the state: A growing list of 113 faculty from across the state have signed a petition calling upon UC Board of Regents to unequivocally support new sources of tax revenue in CA to put an end to budget cuts.

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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@ReFundCA tweeted link to this page. 2012-02-27 13:29:47 -0800
RT @silversunstop: Take the ReFund California Pledge in time for #occupythecapitol http://t.co/gGVBEH46 via @refundca
@silversunstop tweeted link to this page. 2012-02-25 18:02:41 -0800
Take the ReFund California Pledge in time for #occupythecapitol http://t.co/6P0ufxLq via @refundca
@LuzCalvo mentioned @ReFundCA link to this page. 2011-12-24 20:05:21 -0800
The ReFund California Pledge http://t.co/rHCA79mA via @refundca
@ReFundCA mentioned @ReFundCA link to this page. 2011-12-04 21:55:23 -0800
Sign pledge to resist wrongful foreclosure: http://t.co/j7qE6y0z via @refundca #OWS #makebankspay #D6 #ReFundEducation
@backpocketideas mentioned @ReFundCA link to this page. 2011-11-28 16:30:43 -0800
The ReFund California Pledge-interesting idea. Is it possible? I don't quite know. http://t.co/Rrxdtq8G via @refundca
@aggiemonster tweeted link to this page. 2011-11-28 10:30:08 -0800
@USAS tweeted link to this page. 2011-11-28 10:28:12 -0800
Students & workers demand University of California Regents as the 1% sign the Refund CA pledge http://t.co/vWQLgM2C #ucregents
@queenasookkim tweeted link to this page. 2011-11-28 10:27:58 -0800
Many students calling on #ucregents to sign the "Re-Fund California Pledge" http://t.co/3rzBu0ZG
@teresac710 tweeted link to this page. 2011-11-28 10:06:45 -0800
Polk Ich 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.
@kealaokalani mentioned @ReFundCA link to this page. 2011-11-13 08:39:20 -0800
The ReFund California Pledge http://t.co/8DMTNF3X via @refundca #occupycal
ReFund California commented 2011-11-10 13:48:26 -0800 · Flag
Soquel asks what is the “FAIR SHARE” that taxpayers should pay. The question is what should the banks, corporation and 1% pay?

Lets look at the numbers: “Measured as a share of family income, California’s lowest-income families pay the most in taxes. The bottom fifth of the state’s non-elderly families, with an average income of$12,600, spent 11.1 percent of their income on state and local taxes.1 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.”
SOURCE: http://www.cbp.org/pdfs/2011/110412_Who_Pays_Taxes.pdf
Soquel by the Creek commented 2011-11-09 11:27:53 -0800 · Flag
You forget that some of the University of California Regents have direct and strong ties to the California and national governments.

Take Regent George Marcus for example.
http://www.universityofcalifornia.edu/regents/regbios/marcus.html

He’s a significant donor to a variety of Democratic Party politicians, the same party that holds every state-wide office and a nearly 2-to-1 majority in BOTH Houses of the California Legislature.
http://www.campaignmoney.com/political/contributions/george-marcus.asp?cycle=10

His real estate investment firm, Marcus & Millichamp is also a large corporate donor to a variety of California politicians.
http://influenceexplorer.com/organization/marcus-millichap/08073de16ce744cf9a685c89547d0a62

He was also one of the people that funded anti-democratic Proposition 27 that sought to overturn citizen-based redistricting reforms championed by Common Cause.
http://4.bp.blogspot.com/IcTTTYdTZQM/TKvhdj7UAtI/AAAAAAAAAeY/iUqMJyRW2Pg/s1600/proposition_27_individualdonors.png

Then again, so did some of the unions involved in ReFund California.
http://1.bp.blogspot.com/IcTTTYdTZQM/TK4uvIUQxnI/AAAAAAAAAfo/GZ3jLx9bccE/s1600/proposition_27unions.png
Soquel by the Creek commented 2011-11-05 09:45:20 -0700 · Flag
Being such amazingly intelligent people, I’m sure the staff, faculty, and students at California’s excellent centers for higher education can answer these simple questions, as they directly apply to ReFund California’s first goal.

1. Please explictly define, what is the “FAIR SHARE” that taxpayers should pay?

2. Which state ALREADY has the nation’s second highest marginal tax rate?
http://twitpic.com/75nur4/full

3. Which fraction of taxpayers pays the 94% majority of Personal Income Tax in California? (94%?, 67%? 50%?, 33%?)
http://twitpic.com/71yh83/full

4. Did you know that half of California’s entire General Fund comes from 33% of California’s taxpayers? In the Governor’s budget, 55% of General Fund revenues come from Pesonal Income Tax (55% x 94% paid by the minority = 51.7%).

5. Unlike the federal government and many of our international and domestic competitors, did you know that California ALREADY applies the so-called “Buffet Test” and taxes capital gains exactly like ordinary income?

6. Did you know that this same 33% minority ALREADY pays a significantly higher effective tax than the majority of Californians?
http://twitpic.com/71ygry/full

7. Did you know that our high taxes have damaged California’s business climate, on multiple surveys, by multiple organizations? Did you know that we rank at or near the bottom of the list nationally? Here’s a chart of the states with the least-favorable business climates.
http://twitpic.com/6nz7eq/full

8. What impact do a poor business climate and high taxes have on unemployment? Do you think it helps generate more tax revenue, or does it decrease tax revenues?

9. What impact to falling tax revenues have on public employees? Does it help or hurt wages? Does it help or hurt unemployment?

10. Compared to other states, is California’s unemployment rate higher or lower? Where do we rank nationally?
http://twitpic.com/75nve1/full

I know that it’s a long list and requires considered, critical thinking, but please try to answer Question 1.

Extra Resources:

Who Pays Their “Fair Share” in California?
http://soquelbythecreek.blogspot.com/2011/10/who-pays-their-fair-share-in-california.html

Is Warren Buffett Paying His “Fair Share”?
http://soquelbythecreek.blogspot.com/2011/08/is-warren-buffet-paying-his-fair-share.html

The Oppressive Progressive Income Tax: California Edition
http://soquelbythecreek.blogspot.com/2009/07/oppressive-progressive-income-tax.html

American Federation of Teachers: Part of the Solution or Part of the Problem?
http://soquelbythecreek.blogspot.com/2011/10/american-federation-of-teachers-part-of.html
David Lagstein published this page 2011-11-01 13:20:00 -0700

ABOUT US: The "Make Banks Pay" actions are organized by Refund California, a state-wide coalition of homeowners, community members, faith leaders and students working to make Wall Street banks pay for destroying jobs and neighborhoods with their greedy, irresponsible and predatory business practices.

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