Many of us have been watching (from a safe place) the events unfolding with the occupy wall street movement. No one knows how things are going to unfold, but officials and members of the “system” are challenging the movement and blaming peaceful protesters for inciting violence when in fact the officials have provoked the movement.
- the good thing about the movement is that it may get folks to start talking
- the bad thing about the movement is that there is no consolidated message or communications
- the good thing about the movement is that it represents the frustrations that many/most people (99%) have been feeling
at some point the economists and political leaders need to revisit the Reagan tax cuts (30 years ago) that brought down tax rates for the wealthy from 50% (or higher) to less than 2% in many cases with all the loopholes that are now available. Those with the most money should pay for the services that many of us rely upon. That’s what worked well in the country up till Reagan’s tax overhaul.
The 1% are fighting this like mad saying it’s going to cost jobs if we raise taxes
Really ??? (you mean they won’t layoff thousands of workers for the sake of profits like they have for the last 3 years ??)
The economists all know that the real unemployment and underemployment numbers are doctored given all the millions of laid off workers now trying to startup businesses (dreams more than realities) and others who are working at part-time jobs or working in restaurants …the actual numbers are closer to 18%. Now that students are coming out with all kinds of debt and are being forced into chapter 11 because they can’t get the jobs that the schools “promised”, the youth are becoming increasingly frustrated (many have joined the movement). A few years ago congress passed a bill to privatize school loans when Freddie Mac and Fannie Mae both imploded and required federal bailouts. Now, the education system is coming under increasing scrutiny for the inept management, cronyism, and under delivery of value with increasing tuition hikes (many occurring in mid-year).
This is a quiet revolution…it’s just beginning. This 2-class system has been carefully constructed by placing bricks in into the dividing wall with numerous bills to insulate businesses and wealthy over the last 30 years. Just look how Wall Street was able to play with the life savings of people in their 401Ks as if it were monopoly money. Yes, everyone enjoyed the profits and booms but they were the stewards of our future and they were not held responsible for destroying the promise of that future for many Americans.
This movement is just getting started, so it will be interesting to watch and see if the constitution which was written “by the people for the people” will be used to support them or suppress them.