Year of the Dragon is Year of the 99%

Print Friendly

Oakland, CA —To kick off the Lunar New Year, the Colorful Mamas of the 99% held a festive, family-friendly protest in front of Bank of America in Oakland Chinatown today. Over 50 children, parents and friends gathered to stand up to corporate greed and voice their vision for a better future.  Two families closed their accounts at Bank of America.   Andrea Ibarra-Tacdol with her husband, Benjamin Ibarra , and their two children closed their accounts during the action, stating, “We are tired of corporations like Bank of America refusing to pay their fair share, putting profits over people.  We plan to move our money to a community bank that invest directly back into the community.”

Children and families bring in the Lunar New Year with a protest to teach Bank of America to "Share the Fortune!" Photo by: Janko Roettgers

The protest included an interactive skit with children dressed as a dragon and lion working with the townspeople of “Oaklandia” to create a healthy community where everyone puts in their fair share. The action ended with children leading a march around Bank of America.  Children and families chanted “You’re not fair! Pay your share!” and “Timeout! You better share!”

Inspired by the Occupy Movement, Colorful Mamas of the 99% emerged out of a local Bay Area playgroup for mamas of color. We are mothers of color who work or live in the East Bay concerned about the future of our children and the direction that corporate greed is taking our country.

“As mothers we know what it means to work hard and sacrifice so that our children have opportunities. We need our country – especially those who have been racking in record earnings and profits at the expense of hard-working families – to pay their share,” says Danfeng Soto-Vigil Koon, Berkeley resident and mother of two children

While round after round of trigger cuts decimate funds for schools, parks, healthcare and libraries for our children,[1] Bank of America and other big corporations continue to dodge taxes. In 2009 and 2010, Bank of America paid no federal corporate taxes, and actually reported a tax refund of almost $1billion, by holding earnings abroad[2] and paying out $96 billion in bonuses and compensation.[3]

In the New Year, the Colorful Mamas of the 99% demand that our corporations, our laws, and our government put people before profit.

The Year of the Dragon is the Year of the 99%; We Say to the 1% – Share the Fortune!

__________________________________________________________________________________________

[1] Steven Harmon, “Gov. Jerry Brown pulls ‘trigger’: Colleges, schools, and services for elderly and disabled hit,” Mercury News (Dec. 13, 2011).

[2] Rick Rothaker, “No federal tax expense for Bank of America.” Charlotte Observer (March 25, 2011).

[3] Mary O’Leary, “Bank of America hit on taxes, executive bonuses,” New Haven Register (April 22, 2011).

 

 

About the Author