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Photo copied from Patty Murray’s Facebook page

I just got back from having lunch with Washington State Senator Patty Murray and Massachusetts State Senator Elizabeth Warren.  And about 2,000 other people.  Murray, known around these parts as the “mom in tennis shoes” thanks to a slight she got from one lawmaker when she dared challenge funding cuts in a local preschool program, fully embraced the classification and went on to successfully run for her school board, state representative, and is now a four-time Washington State Senator. As part of her acceptance and celebration of that title, she now holds an annual event that honors other people in our state who have taken it upon themselves to make changes that benefit others, going so far as to give them a golden tennis shoe.

This year, I was invited by the folks at the Women’s Funding Alliance to join them at their table and I was thrilled to accept, given that Elizabeth Warren would be speaking.

The honorees were truly fantastic – an immigrant who lived in a housing project in Seattle, got a degree from the University of Washington in business, and headed right back to that housing project to help raise other residents up and offer them the benefit of his wisdom and experience; a young woman whose mother was killed by her boyfriend after years of emotional abuse who went on to start a campaign to teach middle and high school students how to recognize the signs of domestic abuse and step in to stop it; and a woman who took her passion and talent for training dogs and turned it into a project that pairs wounded veterans and disabled children with service dogs as well as utilizing prison inmates to help train the dogs, giving them the benefit of working with the dogs and a useful skill they can parlay into a job when they are released.  It was even more fantastic to hear Senator Murray say that the number of individuals who were nominated for these awards was overwhelming and it was difficult to choose from all of the people in our state who are working so hard for the greater good.

After the awards were given and all of the awardees spoke, Senator Warren came to the podium to thunderous applause.  She was passionate, eloquent, articulate, and spoke clearly about her three biggest priorities: equal pay for equal work, raising the minimum wage, and revamping the student loan system.  She has clearly done her research and staggered us with some of the statistics she shared, and she encouraged us to continue to support candidates who are committed to making changes that will help families pull themselves out of debt and poverty.

Honestly? I felt a little deflated.  Even though the final speaker, a local representative who was funny, concise, and had a compelling story came up to make the “ask” for donations was using the right combination of humor and prompting, I couldn’t do it.  It’s not that I don’t support Senator Murray or Senator Warren. It isn’t that I don’t thank my lucky stars that I have someone like Patty Murray representing me in the Senate.  It’s that I’m in a bubble.  And it is hard to imagine my dollars making the slightest bit of difference unless they transcend that bubble.

All of my federal representatives are Democrats and, for the most part, they all stand for the things I stand for.  My state’s governor? Democrat. My city’s mayor? Democrat. My city council person? Democrat. Even if one day one of those folks decides not to run again, because of where I live it is highly likely that a different Democrat will be elected.  That doesn’t make me complacent, it just means that I doubt that my dollars make much of a dent. They’re preaching to the choir. Elizabeth Warren was preaching to the choir – heck, just today the Seattle City Council was voting on a $15/hour minimum wage proposal. I’m pretty sure she’s barking up the right tree, but unless I’m living in a Tea Party infested district, I have a hard time understanding how my words or actions or dollars have an impact if I give them at a luncheon like that.  Sometimes I wonder how frustrating, and yet energizing, it might be if I did live in a place where there was an entrenched, misogynistic representative and a strong Democratic candidate stepped up to challenge that person. Would I jump in with both feet to campaign and carry signs and donate? Would it feel like I was really part of some change? Would it be awesome?

As I walked away, grateful for the opportunity to have heard people talk about the good work they’re doing, the shared humanity they believe in, the values I hold dear as well, I became even more committed to narrowing my focus.  If I can’t make any substantive change in the way things are done at the macro level (besides what I already do, which is rant on Facebook and write OpEds for places like The Feminist Wire), then I can at least make an effort to fully support those folks who are working hard to make change more locally.  Ultimately, today’s luncheon solidified my decision to continue working with the Women’s Funding Alliance whose focus is on raising up girls and women in the state of Washington in a wide variety of ways, knowing that they are the key to turning lives around.  There, I know my dollar makes a difference.

I was planning on writing a post today about yesterday’s breakfast with Donna Brazile (and roughly 699 other people, but still…).  It was pretty amazing, especially given that I got to hang around with a few dozen other people afterwards for an hour or so to ask her questions.  Sadly, that post will have to wait because I have a little rant I’d like to go on.

As most everyone knows, Twitter went public yesterday. Now, I will be the first to admit that I know very little about the nuanced workings of an IPO or the stock market itself, and I will also tell you that I have no intention of learning the ins and outs of this convoluted financial game in this lifetime.  I will say that, although I am certain I have benefited from the knowledge of others and their investments on my behalf, I still think this game is the most ridiculously rigged American institution out there. To me, it seems like one of those high-stakes poker games that only the crazy-rich or wildly bold really profit from and the story I heard on NPR this morning only solidified that for me.

You see, even though the vernacular states that Twitter “went public” yesterday, the truth is, they went private the day before.  They sold initial shares to huge investors at $26/share on Wednesday and by the time of the opening bell of the New York Stock Exchange on Thursday, the shares had shot up so much that most regular investors were shut out. Not to mention the fact that most regular investors couldn’t even have gotten leverage to buy a share even if it were within their price range. Most of the trading yesterday benefitted the folks who were allowed to get in at the $26 price and those who hold massive influence on the floor of the stock exchange because they have enormous client lists and lots of money to burn.  NPR talked to one Texas stockbroker who was hoping to purchase some stock for his clients, but was unable to because of the skyrocketing price.

Now, think for a minute about what happened here.  A visionary company made a boatload of money for their efforts. That’s kind of cool. But more salient is the fact that lots of rich investors made themselves richer while shutting out smaller investors whose profits would likely have gone more directly back into their communities.  Even if you still believe in trickle-down economics (don’t get me started – I am no economic wizard, but I have read and witnessed enough in my short lifetime to think that was all a giant scam), what are the odds that the astronomical sums of money made by these large investors yesterday will find their way down to the middle class?

To paraphrase Donna Brazile (hey, I worked in a reference to yesterday after all), if you aren’t part of the group when the rules are being written, the deck is likely stacked against you. If the rules are written to benefit one group of folks and you can’t add your voice to the discussion, you’re never going to win. What would happen if we made it easier for smaller groups of individuals to invest in the stock market and initial public offerings? What sense does it make to keep shuffling the deck to give the money out to the same folks over and over again? I know Twitter was handsomely compensated for their hard work and innovation and I appreciate that.  But offering pre-sales of popular stocks to those who already have money is like saying the families who can afford to pay for their kids to attend private pre-schools will get first right to enrollment in the Head Start program.  I know that engagement in the stock market is not an entitlement and I am not advocating priority for anyone. It just seems ludicrous to me that there is such an uneven playing field that virtually shuts most of middle-income folks out of the game when they could be benefitting and investing in their communities with the money they make by helping to support their own families. It is disgusting to watch the ever-increasing rolls of those living in poverty whose food-stamp benefits are being cut while others are literally making money hand over fist after being allowed early purchase of IPO stock. Am I the only one who feels this way?