The Cost of Wall Street
A project of

The Cost of Wall Street

American public finance is, undoubtedly, an important revenue stream for Wall Street investment banks. But what does this cost the American public? How much money is transferred (under the guise of taxes) from our local economies to Wall Street? How big is this problem, and what is it costing individual taxpayers?

Commonomics USA, in partnership with the GIS Center at Radford University, decided to find out. We have mapped out much of this information for the state of California, using publicly available data, including relevant census data. These visualizations will help make the argument that alternatives to Wall Street -- a public option for public finance -- are long overdue. We hope you find this to be a tremendous resource in your public banking and economic justice advocacy efforts.

Please let us know which other states and counties you would prioritize. As we receive more grants for this work, we'll prioritize different regions of the USA and will eventually provide this important Cost of Wall Street website to anyone who wishes to examine their municipality, county and/or state.
Marc Armstrong
President
Commonomics USA

Debt Primer

This set of visualizations serves as an overview to the total debt incurred through public finance.

 Select City and County Bubbles

This six dimensional modeling tool is a way to better understand specific debt in each city and county.  Data was extracted from Comprehensive Annual Fiscal Report (CAFRs) individual entities.

 
There is also an interactive map with the data from the select county and city database used above.

Debt Journey

This set of visualizations helps understand debt relative to California demographics.
 

City Bubbles
 

This six dimensional modeling tool is a way to better understand specific debt in each city.  Data was extracted from the California Controller's Government Financial Reports ​(Cities Raw Data for Fiscal Years 2003 - 2014).


Cities interactive map link below

 

Fee Estimator

This interactive map estimates how much each county or city is paying in investment fund management fees.

County Bubbles

This six dimensional modeling tool is a way to better understand specific debt in each county.  Data was extracted from the California Controller's Government Financial Reports ​(Counties Raw Data for Fiscal Years 2003 - 2014).
 
​Cities interactive map link below