Friday, November 4, 2011

Why Protesters are so upset

Tulelake, CA— There comes a time when enough is enough. And people are feed up with the banks and Wall Street making huge profits from a government bail out. While the average person on the street protesting is mad as hell. As an example where a strike was called and unions, teachers' associations and students have expressed support for the strike in Oakland. Indeed, the movement is digging in for the long haul. "We're not going anywhere" as one protester remarked.

“As promised, the Occupy Oakland movement on Wednesday spilled from its home base in front of city hall, halting street traffic and blocking access to banks and businesses that defied its calls for a general strike. The "Day of Mass Action" culminated with a shutdown of the port, where as many as 7,000 people gathered peacefully to stop trucks in their tracks.”

“But most of Wednesday provided further proof of how a small core of activists has managed to build a broader movement with substantial public sympathy — with an energy and a vibe, as well as hazards, that are eclipsing Occupy Wall Street in New York City. Union members, students and teachers were out in force. More than 300 took the day off, while some arrived at the marches after school.”

“The marches rolled on late in the afternoon, from the city center to the country's fourth busiest port. On foot, in wheelchairs and on bicycles (and the odd unicycle), protesters converged under the watch of circling helicopters. Police officers were invisible.”

http://www.time.com/time/nation/article/0,8599,2098628,00.html?hpt=hp_t2

And why are the Occupiers so upset, let’s take a look at the following:

“The corporate tax rate is 35%. But an examination of 280 of the nation's largest corporations suggests that many aren't paying anything close to that."

"The real tax rate paid by a slew of major corporations averages closer to 18.5%, according to a study released Thursday by two liberal tax research groups. The report issued by Citizens for Tax Justice and the Institute on Taxation and Economic Policy paints the corporate tax code as wildly inefficient, filled with loopholes and subject to the influence of lobbyists who carve out special provisions for the companies they represent."

"Some companies paid zero. And 30 actually owed less than nothing in income taxes over the three years."

"At the root of the problem is a system of inverted incentives that encourages corporations to lobby for special tax breaks -- and politicians to insert them into the tax code."

"Corporations pay lobbyists. Lobbyists convince lawmakers to add tax breaks. Lawmakers modify the tax code.“

http://money.cnn.com/2011/11/03/news/economy/corporate_taxes/?hpt=hp_t2

Besides Oakland there are many cities across the county up in arms over the unfairness of what is happening with the banks and Wall Street. From the web site “We All Occupy” at https://sites.google.com/site/wealloccupy/

There are hundreds of cities popping up with web sites and live stream links to show their support for OCCUPY WALL STREET. And this is only the beginning of what is to come as time marches on and so to do the Occupy Cities as this protest grows even larger by the day.

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