Office of cannabis as well. So fiona mah was elected to serve as californias 34th states treasurer. The state Treasurers Office provides financing for schools, roads, housing and other Critical Infrastructure projects that better the lives of californians. Previously treasurer mah was a member of the state assembly from 2006 to 2012 and prior to serving there, the treasurer served on the San Francisco board of supervisors from 2002 to 2006, representing district 4. Thank you, treasurer mah for being here. Its so nice to have you and its so nice to have one of our own as everyone on this call today. So if youd like to take this time to share with our community your thoughts on whats happening right now and any support for the Cannabis Community that youd like to share. Sure. Can you hear me . Our own, everyone on this call today. So if youd like take this time to share with our community your thoughts on whats happening right now and any support for the Cannabis Community that youd like
Thank you again. Well this is fine you know the only solution they seem to have over and over is more money printing and the fed is at that again nonstop since 2008 really as paul says fed policies will absolutely not lead to more income inequality this is what he claimed last week while cities across america were on fire and notice that he said income inequality you know money printing does it causes asset prices to increase and tech Capital Gains to increase he didnt mention that he didnt mention the wealth gap so i did want to turn to a chart from pew and it shows the share of us aggregate wealth since 1983 to 26 teams this is what the fed has been doing this is the upper income went from having 60 percent of all wealth in america back in 1903 to 179 percent and its probably much higher even now middle income has been the huge collapse as you see down from 32 percent to 17 percent so theyre nearly cut in half well this is the latest chapter in the global insert action against banker
S San Francisco has been doing a great job flattening the curve and sfds has been a big part of that. The stepsky foundation and Silver Giving Foundation at 225,000 and somaland foundation 476,000, linkedin, 146,000 and the Webb Family Foundation at 70, Golden State Warriors at 50 and walter and alysse haas fund and the Tipping Point community at 25, and the stepski foundation is 20 and i want to thank all corporate and giving foundations and individuals this is a Response Fund the ones their gave before throughout the year and this is the ones for the covid19 response. And toma bravo at 1. 1 and anonymous at 11,000, Golden State Warriors at 125 and the hellman foundation, 50,000 and palms against poverty is 28 and herbert and Gene Foundation at 25 and facebook is 20 and cohen elevators is 20 and the wells fargo 20 and google fiberton 10. Wellington management 10, the 697 and alaskas airline 5,000 and odell family and dennis wulliver kelly and these are all that have given towards are
So the chairman says this is fine is it fine this is fun just fine. Thank you again. Well this is fine you know the only solution they seem to have over and over is more money printing and the fed is at that again nonstop since 2008 really as paul says fed policies will absolutely not lead to more income inequality this is what he claims last week while cities across america were on fire and notice that he said income inequality you know money printing does it causes asset prices to increase and tech Capital Gains to increase he didnt mention that he didnt mention the wealth gap so i did want to turn to a chart from pew and it shows the share of us aggregate wealth since 1983 to 2016 this is what the fed has been doing this is the upper income went from having 60 percent of all wealth in america back in 1903 to 179 percent and its probably much higher even now middle income has been the huge collapse as you see down from 32 percent to 17 percent so theyre nearly cut in half well this i
Expanding, we can make good decisions about how we use our limited resources to uphold the public good if were clear about our values and if we understand how to make the difficult trade offs. For me, i can promise to continue to update the public to be fully transparent and really to be brutally honest. This is going to be a really, really difficult two years. Perhaps unprecedented in the last 100 years. And the only way were going to get through this is by being honest, by being transparent, by engaging with the public and by coming back to our core values to make the tough choices. So thank you all for joining us. And well be back with more information as history unfolds. Thank you. And good bye. Roll call, please. Clerk all right. Ill go ahead and mention that director chang is sitting in as director haneys alternate. With that [roll call] clerk noting that director tavares is absent, with that, you have a quorum. Were going to change our agenda here in a little bit and start with