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Lee and Sanders Introduce Inclusive Prosperity Act to Curb Wall Street Greed

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Representative Barbara Lee (D-Calif.) and Senator Bernie Sanders (I-Vt.) on May 22 introduced the Inclusive Prosperity Act along with Senator Kirsten Gillibrand (D-N.Y.) and more than a dozen House Democrats.

The legislation imposes a tax of a fraction of a percent on the trades of stocks, bonds, and derivatives. This tax on Wall Street speculation, also known as a financial transaction tax, is estimated to generate up to $2.4 trillion in public revenue from wealthy investors over 10 years. An added benefit of the proposed tax is deterring the high-frequency trading that increases the instability of the financial sector and produces no economic value.

Wall Street enjoys record-breaking profits despite its role in triggering the financial crisis of 2008. The top 400 richest Americans now own more wealth than 150 million Americans—60 percent of the country. Meanwhile, a typical middle-class family in America has seen its net worth decline by 30 percent from 2007 to 2016. More than 1,000 economists have endorsed a tax on financial speculation, and 40 countries currently impose the tax, including Britain, which first instituted the tax on stock trades in 1694.

“I am proud to introduce the House version of the Inclusive Prosperity because taxing Wall Street is not an extreme idea. The government already taxes everyday families for basic items like food, clothes, and housing. Wall Street gets away with no taxes, even when conducting high-risk financial transactions,” said Barbara Lee. “This has to stop. It’s past time to make sure Wall Street pays their fair share so that we can provide funding for things that make us a better nation like jobs, housing, infrastructure, and college education.”

“While the top 23 banks in America received over $20 billion in tax breaks last year as a result of the Trump tax plan, hundreds of thousands of young people are unable to go to college because they can’t afford it, 34 million Americans have no health insurance, one out of five Americans can’t afford to buy the medicine prescribed by their doctors, over 40 million Americans are living in poverty, we have the highest childhood poverty rate in the developed world and life expectancy in the U.S. has gone down for the third year in a row,” said Sanders. “It is long past time for Congress to rein in the recklessness of Wall Street billionaires and build an economy that works for all Americans.”

The legislation sets different rates on stocks, bonds, and derivatives based on the existing transaction costs in each market—0.5 percent for stocks, 0.1 percent for bonds, and 0.005 for derivatives. This more targeted approach roughly equalizes the increase in transaction costs across securities due to the tax and thus reduces the economic distortions and tax avoidance possibilities created by it.

Activism

Mayor Barbara Lee Joins National Public Safety Leaders to Advance Proven Violence Reduction Strategies

Oakland Mayor Barbara Lee attends a two-day meeting with other mayors and public safety leaders to discuss violence reduction strategies; Oakland has seen a 39% drop in homicides.

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Oakland was one of four cities participating in a public safety convening.  Courtesy image.
Oakland was one of four cities participating in a public safety convening.  Courtesy image.

By Post Staff

Mayor Barbara Lee this week joined Baltimore Mayor Brandon Scott, Philadelphia Mayor Cherelle Parker and public safety leaders from Oakland for a two-day meeting focused on advancing cutting-edge public safety strategies, including focused deterrence and violence reduction.

The meeting brought together civic and public safety leaders from Oakland and Indianapolis to locations in Baltimore and Philadelphia to share lessons learned and identify innovative approaches to crime prevention, intervention, and enforcement.

The participating cities are widely recognized for pioneering community-centered public safety models that prioritize prevention, accountability, and sustained investment in neighborhood-based solutions

Oakland’s delegation included Department of Violence Prevention (DVP) Chief Holly Joshi, Oakland Police Department Assistant Chief Casey Johnson, and Ceasefire Director Annette Jointer.

Oakland’s participation underscores its continued leadership in advancing evidence-based violence reduction strategies and building a public safety system that integrates law enforcement with community intervention and prevention programs.

Oakland continues to see historic reductions in violence, reflecting coordinated efforts across the Department of Violence Prevention, Oakland Police Department, Ceasefire, and community-based partners, including:

  • Violent crime down 22%
  • Homicides down 39%
  • Lowest homicide total in nearly 60 years

These gains reflect sustained investment in focused deterrence strategies, real-time intervention, and expanded community violence interruption programs.

“Public safety is not achieved by any one agency alone—it requires coordination, trust, and a shared commitment to prevention and accountability,” said Lee. “We are proud to stand alongside cities like Baltimore, Philadelphia, and Indianapolis that are proving what works. We are seeing real progress in reducing violence in our communities, and we remain committed to building on that momentum through strategies that center prevention, intervention, and strong partnerships with residents.”

“Oakland’s progress shows what is possible when cities invest in focused deterrence and wraparound supports that reach people most at risk,” said Joshi. “Our work is grounded in building trust, responding quickly to emerging conflicts, and connecting individuals to services that interrupt cycles of violence. This convening was an opportunity to strengthen that work through shared learning with peers who are advancing similar strategies nationwide.”

Said Johnson, “Effective public safety requires a balanced approach that combines accountability with deep collaboration across agencies and communities.”

“We are seeing meaningful reductions in violent crime because of strong partnerships between law enforcement, DVP, Ceasefire, and community organizations,” said Johnson. “Engaging with peer cities allows us to refine and improve the strategies that are making Oakland safer.”

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Activism

‘Hire Oakland’ Job Fair Draws 2,000, Connecting Residents to Immediate Job Opportunities

Oakland’s Hire Oakland job fair, hosted by Mayor Barbara Lee’s office, connected over 2,000 job seekers with employers, highlighting a strong demand for quality jobs and career pathways in the city.

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Left to right: Yawo Tekpa, OPIC Manager, One Stop Operator; Sofia Navarro, Deputy City Administrator; and Ray Lankford, CEO of the Oakland Private Industry Council. Photo by Jonathan Fitness Jones.
Left to right: Yawo Tekpa, OPIC Manager, One Stop Operator; Sofia Navarro, Deputy City Administrator; and Ray Lankford, CEO of the Oakland Private Industry Council. Photo by Jonathan Fitness Jones.

By Post Staff

The Office of Mayor Barbara Lee, in partnership with the City of Oakland and regional employers, hosted a successful Hire Oakland job fair this week at Frank H. Ogawa Plaza, bringing together job seekers and employers for a day focused on opportunity, connection, and economic mobility.

With more than 2,000 RSVPs, the event on Wednesday reflected strong demand across Oakland for access to quality jobs and career pathways. Attendees participated in on-site recruitment, application support, and hands-on workshops designed to help job seekers navigate hiring processes and prepare for interviews.

Over the course of the day, employers and community partners engaged directly with residents in a welcoming, high-energy environment centered on opportunity and hope. Participating employers included EBMUD, Samuel Merritt University, the City of Oakland, BART, PG&E, AC Transit, East Bay Regional Parks District, Southwest Airlines, FedEx, and many others offering immediate openings and career pathways across sectors.

Workforce development partners Oakland Private Industry Council (OPIC) and Lao Family Community Development provided connections to résumé support, interview coaching, and individualized job search assistance throughout the event.

The strong turnout underscores a clear reality: Oakland residents are eager for pathways into meaningful work, and sustained investment in youth and workforce programs is essential.

That is why Mayor Lee has prioritized relaunching the Oakland Police Cadet Program and the Mayor’s Youth Employment and Education Program (MYEEP)—ensuring young people have early access to paid work experience, mentorship, and long-term career pathways, according to a City press statement.

“The turnout shows what we already know—Oaklanders are ready to work, ready to grow, and ready to build their futures here at home,” said Lee. “When we connect people directly to employers and invest in young people early, we are not just filling jobs—we are changing lives and strengthening our city’s future.”

The Hire Oakland job fair is part of the City’s broader effort to strengthen workforce pipelines, expand access to good-paying jobs, and ensure Oakland residents are first in line for local opportunity.

About Hire OaklandHire Oakland is a citywide workforce initiative led by the Office of Mayor Barbara Lee in partnership with City departments, workforce development organizations, and regional employers. The program connects Oakland job seekers to real-time hiring opportunities, training resources, and career pathways.

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Activism

Mayor Barbara Lee Proclaims April 9 as ‘100 Black Men of the Bay Area Day’

“Today, the 100th day of the year, I proclaim 100 Black Men Day,” said Mayor Barbara Lee standing with newly appointed Oakland Port Commissioner Derek Mohammad, a 100 Black Men member. “Whereas the 100 Black Men of the Bay Area has demonstrated decades of unwavering commitment to uplifting youth and strengthening families and advancing opportunity and access in Oakland and the greater Bay Area with their signature programs…the chapter has impacted thousands of young people and contributed thousands of hours of community service…”

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At D. Monaghan’s on the Hill, a resolution declaring April 9 ‘100 Black Men of the Bay Area Day’ was witnessed by (l.-r.) 100 Black Men leaders Maurice Harold, Marco T. Lindsey, Danny Lee Williams, Oakland Mayor Barbara Lee, Oakland City Council President Kevin Jenkins, Port of Oakland Commissioner Derek Mohammad, and Oakland Councilmember Janani Ramachandran. Photo by Carla Thomas.
At D. Monaghan’s on the Hill, a resolution declaring April 9 ‘100 Black Men of the Bay Area Day’ was witnessed by (l.-r.) 100 Black Men leaders Maurice Harold, Marco T. Lindsey, Danny Lee Williams, Oakland Mayor Barbara Lee, Oakland City Council President Kevin Jenkins, Port of Oakland Commissioner Derek Mohammad, and Oakland Councilmember Janani Ramachandran. Photo by Carla Thomas.

By Carla Thomas 

When Oakland Mayor Barbara Lee announced that she would proclaim Thursday, April 9, as “100 Black Men of the Bay Area Day,” the organization’s board chairman and owner of D. Monaghan’s on the Hill, Danny Lee Williams knew he wanted to mark the historic moment with fanfare his community could share.

Standing at the podium on the patio of his restaurant in the Oakland Hills, he welcomed about 150 members of the organization and the broader community who gathered to celebrate.

“This is a special day, and we are in the midst of our Economic Empowerment week,” he said. Williams also welcomed four vendors to sell their gifts and accessories during the event free of charge.

“Today, the 100th day of the year, I proclaim 100 Black Men Day,” said Mayor Barbara Lee standing with newly appointed Oakland Port Commissioner Derek Mohammad, a 100 Black Men member. “Whereas the 100 Black Men of the Bay Area has demonstrated decades of unwavering commitment to uplifting youth and strengthening families and advancing opportunity and access in Oakland and the greater Bay Area with their signature programs…the chapter has impacted thousands of young people and contributed thousands of hours of community service…”

Lee shared how as a single parent of two boys, she was grateful to have the organization’s support in mentoring her sons.

“Today, my adult son is a member in Illinois, and I thank the organization for supporting so many Black boys.”

The idea for the proclamation originated with Oakland City Councilmember Kevin Jenkins, who praised the organization for its leadership and contributions to Oakland and the greater Bay Area.

“This work that we do would not be possible without partnerships with organizations like the 100 Black Men,” said Jenkins. “We’re saving lives, restoring communities, and giving people hope and opportunities.”

“This is Oakland,” said Mayor Lee. “This is what we’re about. It’s about new ideas, thinking outside the box and being who we are. It’s about bringing joy. This is our holiday.”

The mayor also thanked the organization for volunteering during Oakland Cleanup days.

Councilmember Janani Ramachandran added that while many complain about problems in the city, “the 100” put in the work.

“It’s hard to be in the community and do the work, but that is exactly what the 100 Black Men does,” she said.

The organization’s economic chair and associate director of Diversity Equity and Inclusion at the University of California Berkeley’s Business School, Marco T. Lindsey, shared his enthusiasm for change.

“Today is the culmination of our work and something special is happening in our organization and our city,” he said.  “We have a special opportunity to show up for our community now in ways that we haven’t had in the past. We have a mayor that supports us and it’s important that each and every one of us do our part. We all need our fingerprints on whatever we want to see in our city.”

Lindsey also expressed that if underserved youth and their parents had access to the resources needed for success, “Our youth wouldn’t be breaking windows and joining gangs if they had a pathway to earn $75k to $100k a year.”

The 100 Black Men were hosts of an Economic Empowerment Forum at McClymonds High School on April 11 educating students on entrepreneurship and financial literacy. On Sat., April 18, they will hold their fifth annual Career Expo at Contra Costa College 2600 Mission Bell Drive (G225) in San Pablo from 8 a.m. to 3 p.m. The 100 Black Men chapter of the Bay Area was established in 1988, one of the earliest in the nation.

For more information visit 100blackmenba.org

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