Digital Photo of the Day | Occupy Wall Street

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Occupy Wall Street

People in towns across the country are occupying to protest against the financial devastation the United States. It all started with the protesters that Occupy Wall Street on September 17, 2011. Occupy Wall Street demonstrators are rallying against corporate greed, global warming and social inequality.

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Tax Rate

According to presidential candidate Herman Cain “If you don’t have a job and you are not rich, blame yourself!” Can you believe this dude, what a thing to say to 14 plus million unemployed people? He can’t be serious and he can not seriously think anyone will elect him on that premise alone? Basically Hermain Cain said #Occupy Wall Street are nothing but a bunch of groveling folks…Cain is an asswipe. I really don’t like this guy…..he can kiss my the bottom of my feet. Vote President Obama 2012.

Almost 800 protesters have been arrested on the Brooklyn Bridge. “Ladies and gentleman, since you have refused to leave this roadway I’m ordering your arrest for disorderly conduct,” the police captain on the scene stated before the arrests were made.

Protester Robert Cammison informed the BBC “This was not a protest against the NYPD. This was a protest of the 99% against the disproportionate power of the 1%. We are not anarchists. We are not hooligans. I am a 48-year-old man. The top 1% control 50% of the wealth in the USA.”

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I quote Michael Moore, “Four hundred obscenely wealthy individuals, 400 little Mubaraks — most of whom benefited in some way from the multi-trillion-dollar taxpayer bailout of 2008 — now have more cash, stock and property than the assets of 155 million Americans combined.”

Moore has made other staggering claims about the gap between the nation’s rich and poor. In Capitalism: A Love Story, his 2009 documentary, Moore said “the richest 1 percent have more financial wealth than the bottom 95 percent combined.”

Moore correctly quoted Forbes, which said in a September 2009 article that the net worth of the nation’s 400 wealthiest Americans was $1.27 trillion.

Moore posted a version of the text on his website. It included a link to back up his statement about the 400 wealthiest Americans. The link was to a blog post by Dave Johnson, a fellow at the Commonweal Institute, a California organization that says it promotes a progressive agenda.

Johnson wrote that in 2007, the combined net worth of the 400 wealthiest Americans, as measured by Forbes magazine, was $1.5 trillion; and the combined net worth of the poorer 50 percent of American households was $1.6 trillion.

Many Americans make a good income, have some savings and investments, and own a nice home; they also have debt, for a mortgage, credit cards and other bills. Some people would still have a pretty healthy bottom line. But many — including those who lost a job and their home in the recession — have a negative net worth. So that drags down the total net worth for the poorer half of U.S. households that Moore cited.

 

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