Difference between revisions of "Idea: A Municipal Bank For Philadelphia"

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This Wikidelphia idea page proposes '''A Municipal Bank For Philadelphia'''.
 
This Wikidelphia idea page proposes '''A Municipal Bank For Philadelphia'''.
  
==Why Can't Philadelphia Have Its Own Bank?==
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== Why should Philadelphia Have Its Own Bank? ==
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* The City can save money and even '''earn''' money by creating its own bank... The bank could bring in '''new revenue''' without raising taxes!!!
  
* Let's think, how can the City save money and earn money by creating its own bank?
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== Here's a GREAT two minute video about Public Banks ==
* See the [http://www.publicbankingpa.org Pennsylvania Public Bank Project] to connect with the people who are working on a bank for Philadelphia as well as a bank for Pennsylvania.  
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*[http://www.publicbankinginstitute.org/new_improved_video_public_banking_made_easy Public Banking Made Easy]
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== Resources ==
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* See [http://phillynn.org/issues-actions/public-banking/ Philadelphia Neighborhood Networks Public Banking Action Group] to connect with the people who are working on a public bank for Philadelphia
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*And see [http://www.publicbankingpa.org Pennsylvania Public Bank Project] for the team working on a public bank for Pennsylvania.  
 
* Consider the [http://www.publicbankingpa.org/images/rocketlauncher/PDF/Benefits%20for%20Cities%20and%20Towns.pdf Benefits For Cities and Municipalities Of a Public Bank] (PDF).
 
* Consider the [http://www.publicbankingpa.org/images/rocketlauncher/PDF/Benefits%20for%20Cities%20and%20Towns.pdf Benefits For Cities and Municipalities Of a Public Bank] (PDF).
 
*[http://www.publicbankinginstitute.org/coalition_of_grassroots_groups_launches_paradigm_shift_campaign_for_publicbanknyc Coalition of grassroots groups launches “paradigm shift” campaign for #PublicBankNYC]
 
*[http://www.publicbankinginstitute.org/coalition_of_grassroots_groups_launches_paradigm_shift_campaign_for_publicbanknyc Coalition of grassroots groups launches “paradigm shift” campaign for #PublicBankNYC]
  
==Public Banks Are ...==
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==Public Banks Are...==
 
 
 
*Viable solutions to the present economic crises in US states.
 
*Viable solutions to the present economic crises in US states.
 
*Potentially available to any-sized government or community able to meet the requirements for setting up a bank.
 
*Potentially available to any-sized government or community able to meet the requirements for setting up a bank.
 
*Owned by the people of a state or community.
 
*Owned by the people of a state or community.
*Economically sustainable, because they operate like private banks.
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*Economically sustainable, because they operate transparently in the public interest.
 
*Able to offset tax increases with returned credit income to the community.
 
*Able to offset tax increases with returned credit income to the community.
*Ready sources of credit for local governments, eliminating the need for large “rainy day” funds required to promote the public interest, as defined in their charters.
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*Ready sources of credit for local governments, satisfying the need for “rainy day” funds required to promote the public interest, as defined in their charters.
 
*Constitutional, as ruled by the U.S. Supreme Court.
 
*Constitutional, as ruled by the U.S. Supreme Court.
  
== Videos ==
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== More Videos ==
 
 
*[http://www.publicbankinginstitute.org/new_improved_video_public_banking_made_easy Public Banking Made Easy]
 
 
*[https://www.youtube.com/watch?v=2PHcqzsluLE no more Detroits...The Philadelphia Public Bank Solution]
 
*[https://www.youtube.com/watch?v=2PHcqzsluLE no more Detroits...The Philadelphia Public Bank Solution]
 
*[https://www.youtube.com/watch?v=Yh0ijO8cBvo The Public Bank Solution to Government Debt and Budget Shortfalls]
 
*[https://www.youtube.com/watch?v=Yh0ijO8cBvo The Public Bank Solution to Government Debt and Budget Shortfalls]
*[https://www.youtube.com/watch?v=L75oinBuY1g VIDEO: Bank of North Dakota]
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*[https://www.youtube.com/watch?v=L75oinBuY1g VIDEO: The 100 year old MODEL Public Bank: The Bank of North Dakota]
  
 
[[Category:About-Public Banking]]
 
[[Category:About-Public Banking]]
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*[[Idea: How To Pay For What We Need]]
 
*[[Idea: How To Pay For What We Need]]
  
[[Category:Is-Idea_Page]]  
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[[Category:Is-Idea_Page]]  
 
[[Category:Issue-City_Finance]]
 
[[Category:Issue-City_Finance]]
 
[[Category:Issue-City_Government]]
 
[[Category:Issue-City_Government]]

Revision as of 13:51, 14 June 2019

This Wikidelphia idea page proposes A Municipal Bank For Philadelphia.

Why should Philadelphia Have Its Own Bank?

  • The City can save money and even earn money by creating its own bank... The bank could bring in new revenue without raising taxes!!!

Here's a GREAT two minute video about Public Banks

Resources

Public Banks Are...

  • Viable solutions to the present economic crises in US states.
  • Potentially available to any-sized government or community able to meet the requirements for setting up a bank.
  • Owned by the people of a state or community.
  • Economically sustainable, because they operate transparently in the public interest.
  • Able to offset tax increases with returned credit income to the community.
  • Ready sources of credit for local governments, satisfying the need for “rainy day” funds required to promote the public interest, as defined in their charters.
  • Constitutional, as ruled by the U.S. Supreme Court.

More Videos

More

Ellen Brown

In The News

The Bank of North Dakota

About Money