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Occupy Wall Street Becomes Occupy Together: Protest Against Capitalism Who knew the recent debt ceiling debacle would morph in to a fluidic protest pulsating nationally? People are mad and they also really aren't planning to take it anymore. What started as Occupy Wall Street has now expanded to Occupy Together as people around the world join the demonstration. Were you aware the liberals who banded together as Occupy Wall Street planned a sit-in'a peaceful protest'against Wall Street, set for September 17 at noon? What began which has a small group of unorganized citizens blossomed on October 1 in a presence of 800 around the Brooklyn Bridge, about 50 % of whom were arrested. Solidarity protests spread to Boston, to Chicago, Denver, San Francisco, Los Angeles, and lots of other places. According to New York City's Transit Workers Union president John Samuelson on Current Media's Countdown with Keith Olberman, TWU's 38,000 members want to support them. Many felt the arrests smacked of police entrapment. The protestors originally kept towards the pedestrian walkways, but police opened the barriers relating to the walkways as well as the roadway, and packed protestors spilled into the roadway, in which the arrests happened. The protest was not launched in New York because it plays home to Wall Street financiers and corporate executives. According to Samuelson, New York State's legislators recently eliminated a tax on millionaires, allowing them to keep a different $408 each week, typically. TWU workers, themselves members of the shrinking middle class, share exactly the same outrage as other citizens frustrated by this additional tax inequity. While just a couple of TWU members joined the Brooklyn Bridge protestors on Saturday, October 1, their level of participation ratchets upward because protest expands. Celebrities have added their voices, and it is likely that other trade groups, unions and citizen groups follows suit. Why has outrage extended beyond New York? Millions of 'average citizens' throughout the united states watched in horrified amazement and disbelief august as politicians wrangled for a long time over if you should raise the debt ceiling. What many came to understand was our politicians were fighting over greater than the raising in the debt ceiling, which has been done often before. The big issue was how the Republican-held Congress was using the occasion like a bully pulpit against tax increases on corporations and wealthy Americans. According to Occupy Wall Street.org, if the personal finances require you to pay any taxes whatsoever at year's end, you're paying greater than huge corporations like General Electric. The last time that the nation's wealthiest citizens locked down so much of our wealth was in 1929'right up until they crashed to the Big Depression. According to Time Magazine's Why America Must Revive Its Middle Class by Jeffrey D. Sachs, the decades leading up on the depression were molded by right-wing politicians, and it was only the gains of World War II productivity that allowed the world to pull itself up by its bootstraps. The Democrats' New Deal served like a sort of new-era covenant'a promise'that this government would never let a depression happen again. Wealthy Americans are set stubbornly against paying anymore taxes, however. The day after the arrests, the pinnacle of Black Entertainment Television (BET) told Candy Crowley on CNN he was among ten children who spent my childhood years in his family, the first person to go to college, and that he doesn't think he should have to pay any longer taxes compared to average guy. According to Sachs, the economy stumbled while using expansion of globalism in the Seventies, so when Reagan took over inside Eighties, his idea would have been to slash taxes on corporations along with the wealthy instead of seek ways to compete in a very global marketplace. While the country's most comfortable citizens enjoyed investment growth during those years, they did not create the new jobs that Reagan had promised his plan would bring. Instead of letting their accrued capital gains trickle down to the common man, crony capitalists just protected one another's interests and bought bigger yachts. I worked for an orthopedic surgeon in 1986, and I was there when his wife told him their tax bracket had dropped from 1 / 2 to 38 percent. 'Oh, that's good,' he explained, as well as the doctor and his awesome wife'plus their kids and parents'took a two-week a vacation to Hawaii, a visit they repeated annually throughout the years I worked for the kids. We didn't get raises. It wasn't until Bill Clinton took within the White House in the Nineties that tax increases about the wealthy as well as around the middle class brought our national debt in order, and in many cases the people that hated Clinton enjoyed relative prosperity. But with George Bush fils taking over within the new millennium, school was out. The richest yet again got the tax breaks they demanded, and entitlement programs were cut so that Bush could fund his war'a revenge for his father'against Iraq. And how did things go for the common man? Early within the new millennium my husband located me with the idea of selling our home and buying the one that cost a couple of times the maximum amount of. 'We do not want that,' I told him. 'The bank says we can easily,' he insisted'he had already taken steps to get preapproved. Although I refused to sign for the dotted line, a number of other people prearranged for these magnanimous and ultimately toxic loans. As the real estate bubble burst, shocking statistics found light: The two men who ran Fannie Mae and Freddie Mac each earned between $14 and $15 million dollars per year. Why would someone in control of a government-sponsored enterprise haul in this huge salary? But the largesse spread beyond those boundaries. Education and healthcare, both with costs rising uncontrollable, were hit hard. The last president of Youngstown State University'a place where jobs have become scarcer than hen's teeth'pulled in paychecks, bonuses, and expense reimbursements in the complicated salary package, earning an undeterminable amount with his entertainment account alone at $35,000 each year. Blue Shield's CEO Bruce Bodaken, based on Duke Helfand in the Los Angeles Times, earned $4.6 million last year. Right-wing radio personality Rush Limbaugh earns the munificent sum of $50 million a year, and the man does just fuel the hatred relating to the Republicans and also the Democrats. What few individuals realize is today's Republican Party bears very little resemblance towards the Republican Party of our own grandfathers. The Tea Party legislators have splintered the party, and they also've taken an unrelenting stance against tax increases. In the meantime, no efforts are being created and monetary instability is fast-becoming a global issue. According to Rana Foroohar in Time's A New Era of Volatility, countries like China and Brazil are succumbing towards the woes incipient inside a booming economy: People are becoming more materialistic, and so they are demanding higher wages. There is more pressure to function with environmental care. I used to worry about likely to war with China's vast and well-oiled military machinery, in case your world's financial woes continue in this same direction, China will have its hands full caring for itself. That's why individuals are frustrated. Obamacare won't reduce healthcare costs. The plan the Clintons proposed inside the Nineties or Hillary Clinton's proposal during her failed presidential campaign, there is little reform healthcare if corporate heads of health care insurance organizations, pharmaceutical companies and healthcare providers disappear with such excessive salaries. According to Time's How We Spent, a sidebar to Sach's article, healthcare took 3 percent of our own personal household budgets in 1950. Today it will require 16 percent. Amounts of our personal finances intended for food and housing have dropped by 15 percent and 7 percent respectively. People are desperate, and legislators don't get it ' needing to buy shoes for youngsters, feed kids, or pay tuition or perhaps a mortgage is tough these days. The government no longer has sufficient touch. There's more: Another Time sidebar informs us that sales at retailers like Tiffany & Co. or designer stores like Ralph Lauren where the wealthy shop are up 30 and 33 percent respectively. Spending in stores in which the middle class shop, like Target and Kohl's, are up just 5 and four percent. Money that previously visited middle class retailers is going to dollar stores, with increases of 11 to 16 percent over the last year. In the meantime, the problem is money concentrated in corporate wealth. The corporations outsource work overseas as well as the wealth earned stays over there. The right-wing media are not able to publicize it given that they buy into it. In addition, the federal government's humane programs are already stripped to give the huge military machine. So, perhaps spurred with the rabid interference of maybe altruistic but unfortunately inept Tea Party legislators, we are around the verge of a genuine tea party, companies which we haven't seen since Boston Harbor in 1773. We bailed banks out with taxpayer money several years ago, nevertheless they aren't doing everything to help people who need loans or those who find themselves losing their houses. Now individuals are determined to cut money from corporate bank accounts and the government's military machine, decrease political spending, and allocate it toward humane and environmental needs, healthcare, job creation, food and peace initiatives. Like the angry news anchor inside the 1976 movie Network, individuals are mad as hell'and what many have suggested is reinstituting the peaceful demonstrations in the Sixties. According to Joe Klein's Stuck within the Middle, also in Time, it seems like there's no other way except organized protests to have the attention of the people who will be doing the political posturing in Washington. Average guys decide to quit sitting about the sidelines and make headlines'whatever it takes to make the politicians see how desperate they are. As the protests spread, the movement has called Occupy Together. What will happen next? Are there protestors in your region? The opinions expressed allow me to share mine and not necessarily Bright Hub's'that's why they're printed under my name. So I'm asking you to utilize comments section below to obtain a frank, valid dialog visiting this site. What's going on in your area, and what do you think about it? |