The SF Bay Area plan to cap local wealth at $1 billion and allocate the $927 billion in acquired public funds would be transformative—locally and globally. Below is a full list of the benefits to SF Bay Area residents if $927 billion were allocated to this region:
SAN FRANCISCO BAY AREA: Local Benefits
1. Free Medical Care for All
Equal access to healthcare regardless of income.
Improved public health outcomes (longer life expectancy, lower ER visits).
Reduced medical bankruptcies and stress related to healthcare costs.
Prevention-based care becomes standard, reducing long-term costs.
2. Free College Education
Increased access to higher education for underserved communities.
Reduced student debt burden.
Boost to local economy through a more skilled workforce.
Greater innovation and entrepreneurship from a more educated population.
3. Free Public Transportation
Reduced traffic congestion and carbon emissions.
Increased mobility for low-income and elderly residents.
Enhanced economic access to jobs, schools, and services.
Cleaner air and less urban pollution.
4. Ending Homelessness
Every unhoused person receives safe, permanent shelter.
Decreased mental health crises and substance abuse tied to chronic homelessness.
Lower burden on emergency services, hospitals, and policing.
Rehumanization and social reintegration of tens of thousands of individuals.
5. Universal Basic Income
Helps cover rent, food, healthcare, transit, and other basic needs.
People can leave abusive jobs or relationships.
Flexibility to take care of family, go back to school, or start a business.
Parents, caregivers, and elders can invest more time in community work.
Boosts local economy with more spending at businesses.
Safety net allows people to start startups and engage in creative work.
Less resentment between economic classes.
Moral & Ethical Gains
Aligns private wealth with public need.
Uplifts dignity and potential of people.
A reduction in avoidable suffering.