Aletho News

ΑΛΗΘΩΣ

OWS knocks on US billionaires’ doors

Press TV – October 12, 2011

Hundreds of protesters marched in Manhattan to take the Occupy Wall Street (OWS) campaign to the doorsteps of US billionaires.

Protesters chanted “Tax the rich!” as they walked through Manhattan’s Upper East Side, pausing at homes of media mogul, Rupert Murdoch, banker, Jamie Dimon, and oil tycoon, David Koch, Reuters reported on Tuesday.

“Join us on a walking tour of the homes of some of the bank and corporate executives that don’t pay taxes, cut jobs, engaged in mortgage fraud, tanked our economy … all while giving themselves record-setting bonuses,” said NYC Communities for Change, one of the several groups organizing the protest.

Protesters said they were going to be made to suffer instead of the rich as of the start of 2012, when New York’s 2 percent ‘Millionaires Tax’ expires.

The OWS emerged on September 17, when a group of people began rallying in New York’s financial district to protest at ‘corporate greed’ and top-level corruption in the country.

The anti-Wall Street drive has seen protests erupting in major US cities and is being supported through ‘Occupy’ events in more than 1,400 cities across the globe.

The protesters have also adopted the nickname ‘the 99 percent.’ They have singled out for criticism specific people, whom are said to have enriched themselves at the expense of others to form the one percent wealthiest Americans.

They have also raised their voices against the supernumerary costs of the US-led wars in Iraq and Afghanistan.

According to Thomson Reuters ASSET4 data, the average pay for top executives in the US is 142 times as much as that of the employees.

“Where’s my bailout?” also the ‘billionaires tour’ protesters shouted, protesting Wall Street’s 2008 bailouts for banks.

The US protesters say the generous bailouts hugely profited the banks, while the Joe Blow was made to take the brunt of job shortages and homelessness amid little help from the federal government.

October 11, 2011 - Posted by | Economics, Solidarity and Activism

No comments yet.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.