meus intuitus

Archive for October 2011

Why Occupy Wall Street?

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The top 1% hold 42% of America’s financial wealth.  Over the last 30 years, average CEO salary has increased from 50x that of workers to over 300x (http://sociology.ucsc.edu/whorulesamerica/power/wealth.html).

Job growth is actually the worst in this last decade with a 35% top marginal tax rate compared to other decades with 50%, 75%, and even 90% (http://www.americanprogress.org/issues/2011/06/marginal_tax_employment_charticle.html).

The Glass-Steagall Act, a bank regulatory law enacted in response to the first Great Depression that separated retail (your savings) and investment banking, was repealed in 1999.

Citizens United v. FEC (2010) grants corporations the right to spend unlimited sums of money on politics on the grounds that they have “personhood” and so have free speech rights.

Income inequality has been increasing since the 1970s: The “top 1%” are getting wealthier while the poor stagnate and the middle class shrinks (http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States).

The solution:  Campaign finance reform.  Get corporate money out of politics.

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Written by meusintuitus

October 18, 2011 at 7:02 pm

yo

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“Our inability to come to terms with people, whether they be our loved ones, or others that we co-exist with, is a product of our self-righteousness.”

Written by meusintuitus

October 11, 2011 at 7:00 pm

Posted in reminder