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5 <br /> 6. Restore the Glass-Steagall separation of depository commercial banks from speculative <br /> investment banks. <br /> 7. Establish a 90% tax on bonuses for bailed out bankers. <br /> 8. Support the formation of federal, state, and municipal public-owned banks that function as <br /> non-profit utilities. <br /> Under the Green New Deal we will start building a financial system that is open, honest, stable, <br /> and serves the real economy rather than the phony economy of high finance. <br /> IV—A FUNCTIONING DEMOCRACY <br /> We won't get these vital reforms without a fourth and final set of reforms to give us a real, <br /> functioning democracy. Just as we are replacing the old economy with a new one, we need a new <br /> politics to restore the promise of American democracy. The New Green Deal will: <br /> 1. Revoke corporate personhood by amending our Constitution to make clear that corporations <br /> are not persons and money is not speech. Those rights belong to living,breathing human beings <br /> —not to business entities controlled by the wealthy. <br /> 2. Protect our right to vote by supporting Rep. Jesse Jackson, Jr.'s proposed"Right to Vote <br /> Amendment,"to clarify to the Supreme Court that yes, we do have a constitutional right to vote. <br /> 3. Enact the Voter Bill of Rights that will: <br /> • guarantee us a voter-marked paper ballot for all voting; <br /> • require that all votes are counted before election results are released; <br /> • replace partisan oversight of elections with non-partisan election commissions; <br /> • celebrate our democratic aspirations by making Election Day a national holiday; <br /> • bring simplified, safe same-day voter registration to the nation so that no qualified voter is <br /> barred from the polls; <br /> • do away with so-called"winner take all" elections in which the "winner" does not have the <br /> support of most of the voters, and replace that system with instant runoff voting and <br /> proportional representation, systems most advanced countries now use to good effect; <br /> • replace big money control of election campaigns with full public financing and free and equal <br /> access to the airwaves; <br /> • guarantee equal access to the ballot and to the debates to all qualified candidates; <br /> • abolish the Electoral College and implement direct election of the President; <br /> • restore the vote to ex-offenders who've paid their debt to society; and, <br /> • enact Statehood for the District of Columbia so that those Americans have representation in <br /> Congress and full rights to self rule like the rest of us. <br /> 4. Protect local democracy and democratic rights by commissioning a thorough review of federal <br /> preemption law and its impact on the practice of local democracy in the United States. This <br />