We need these everywhere, not just in California. Imagine the infrastructure and jobs created by giving the money back to the people in the community!
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See also SEC Chair Gary Gensler: "While the SEC oversees more than 7,000 public company issuers, there are around 50,000 municipal securities issuers. Strikingly, there are approximately one million different outstanding municipal securities—more than 30 times the number of outstanding corporate bonds."