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Ask Slashdot: How Do You View the Wall Street Protests?

__roo writes "The New York Times reports that the Occupy Wall Street movement has inspired hundreds of Facebook pages, Twitter posts, and Meetup events, and that 'blog posts and photographs from all over the country are popping up on the WeArethe99Percent blog on Tumblr from people who see themselves as victims of not just a sagging economy but also economic injustice.' What do Slashdotters think? Do you relate to the 99% stories? Do they make you angry — either at the system, or at the protesters? If it's at the protesters, is it rational or a just-world effect?"

1,799 comments

  1. The 1% are insulated by Mindragon · · Score: 5, Insightful

    Even if you're screaming right outside their door, they're just going to call the cops and crank up the volume on the TV. I don't seriously believe that the Occupy campaign are going to do that much to change what is going on. The 1% already control everything. Everything that you buy, everything that you watch and everything that you do is controlled completely by this 1% group. Just about the only way I can think of to wrest power away from these folks is if the 99% were to stop buying everything for more than 90 days. Once the corporations see their income statements go to zilch then you would see real change.

    --
    Just add {In Space!} to anything.
    1. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      > Once the corporations see their income statements go to zilch then you would see real change.

      Yes... they'll have the government raise taxes on the middle class, and subsidize them to make up for the lost revenue. In the name of "innovation". After Hurricane Wilma, FPL & its captured regulators in Florida's government imposed a new fee to reimburse them for the revenue they lost because they weren't able to supply power to a few million customers for up to a month. The chutzpah was mindblowing, even by jaded modern standards.

    2. Re:The 1% are insulated by Anonymous Coward · · Score: 1

      I cant remember who it was that worked out that almost 30% of the people are employed to keep the rest controlled for that 0.1% in control.

    3. Re:The 1% are insulated by Anonymous Coward · · Score: 2, Interesting

      So start your own business. I did.

    4. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      The 1% already control everything. Everything that you buy, everything that you watch and everything that you do is controlled completely by this 1% group.

      False. You control those things yourself. If you buy/watch/do something the "%1" wants you to, it's because your desires happened to coincide with theirs on that occasion. You can choose to do something different if you want.

    5. Re:The 1% are insulated by causality · · Score: 5, Insightful

      Even if you're screaming right outside their door, they're just going to call the cops and crank up the volume on the TV. I don't seriously believe that the Occupy campaign are going to do that much to change what is going on. The 1% already control everything. Everything that you buy, everything that you watch and everything that you do is controlled completely by this 1% group. Just about the only way I can think of to wrest power away from these folks is if the 99% were to stop buying everything for more than 90 days. Once the corporations see their income statements go to zilch then you would see real change.

      It's mostly a problem of identification. The real power-brokers love to be behind the scenes. They aren't the ones who are out there, on TV, participating in campaigns, issuing press releases, etc. That's all a puppet show for public consumption, to put it simply.

      The real aristocracy does everything by proxy, by funding, by corporations, and by front organizations. The single most effective thing they ever did was to replace real state-issued money with bank-issued monetized debt. That's how you grab a nation by the balls without ever using physical force.

      I doubt these protestors have the sophistication or the awareness to see through the bullshit and understand what they're actually opposing. Unfortunately, they are likely to be useful idiots, pawns on someone's great chessboard. That's generally the problem when you have blind, stupid, unfocused rage that lacks understanding and a strong sense of constructive purpose. That's why (in terms of Establishment priorities) it's okay to give them so much media attention. It's little more than a way to get the "troublemakers" to identify themselves and be arrested or otherwised put through the system.

      --
      It is a miracle that curiosity survives formal education. - Einstein
    6. Re:The 1% are insulated by masdog · · Score: 1

      Marie Antoinette was insulated too. How did that work out for her?

    7. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      If the 99% stop buying everything, won't they starve to death? Except for some of the 99% who happen to be farmers of course.

      If the 99% only buy food, and stop buying everything else then they'd be punished with brutal layoffs. Then austerity measures.

      The 0.1% can live in Abu Dhabi where the average citizen has a net worth of $17 million (and there are close to 500,000 citizens that city.)

      The 0.99% will be looted by the criminal faction of the 99%.

      So basically, if most of us stop buying "everything" for 90 days, normal people get hurt first and most.

    8. Re:The 1% are insulated by Mindragon · · Score: 1

      The 1% already control everything. Everything that you buy, everything that you watch and everything that you do is controlled completely by this 1% group.

      False. You control those things yourself. If you buy/watch/do something the "%1" wants you to, it's because your desires happened to coincide with theirs on that occasion. You can choose to do something different if you want.

      One person can make a choice ... this makes no difference anymore these days. These days, it takes a critical mass of at least a billion people in order to put into place real lasting change. If billions of people suddenly stop giving money to every single corporation...there would be instant change.

      --
      Just add {In Space!} to anything.
    9. Re:The 1% are insulated by tripleevenfall · · Score: 0

      Instant change, in that those billions of people would have no idea how to obtain a single one of the necessities of life.

    10. Re:The 1% are insulated by sjames · · Score: 1

      That is, until the 99% rally together and realize they truly are the majority. That's when they drag the 1 percenter out and chop his head off.

    11. Re:The 1% are insulated by royallthefourth · · Score: 1

      The point is not to convince those who benefit most from the world as it is to change what they are doing; that's a fantasy. They have no reason to want to change anything.
      A mass movement is always chaotic, but if it's strong enough to overcome the world as it exists then it opens the door to changes that would have been impossible inside the old order. Once that great task has been accomplished, it can be decided how to move forward with an arrangement that would not put us into the same cycle of crisis we've endured.

      Of course, that is not the first great task but the second. The first great task is to bring everyone with the common characteristic of lacking franchise in the current system to action and only then will the movement be strong enough to achieve anything serious. Once we've met each other, working out the details is remarkably quick.

      There's probably a big protest of indefinite duration starting this Saturday in your city. Seek it out.

    12. Re:The 1% are insulated by operagost · · Score: 4, Insightful

      98% of us wish that the 1% who are claiming to be the 99% would stop pretending they're speaking for us.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    13. Re:The 1% are insulated by Mindragon · · Score: 1

      Instant change, in that those billions of people would have no idea how to obtain a single one of the necessities of life.

      The necessities of life can be obtained without using corporations.

      --
      Just add {In Space!} to anything.
    14. Re:The 1% are insulated by elrous0 · · Score: 2

      Sure, they have power, armies of private security, full control of the government, etc. But that's no match for the protestors' mighty drum circles!

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    15. Re:The 1% are insulated by OpenGLFan · · Score: 3, Interesting

      So start your own business. I did.

      I can't, nor can many of Slashdot's audience. Why? Because of a law IBM bought in 1986 prohibiting programmers and software engineers from working as self-employed individuals. (Citation: http://www.nytimes.com/2010/02/19/us/19tax.html ). So, once again we see regulations bought by corporations to steer things in their favor. Which is kind of the whole point of the protest.

    16. Re:The 1% are insulated by ryanov · · Score: 1

      I agree with you, but even making more people aware of this and perhaps take a little bit of interest in whom they're voting for... I dunno. It's better than doing nothing, I think.

    17. Re:The 1% are insulated by tripleevenfall · · Score: 1

      Ok. Start now.

    18. Re:The 1% are insulated by operagost · · Score: 1

      Do you really want heads to literally roll? You want a French Revolution here? That turned out well.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    19. Re:The 1% are insulated by elrous0 · · Score: 4, Insightful

      The French Revolution was more about one group of powerful thugs overthrowing another group of powerful thugs (some have made the same case about the American Revolution too). It was only CLOAKED as a grass-roots revolution. REAL grass-roots revolutions are very rare.

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    20. Re:The 1% are insulated by G · · Score: 2

      So start your own business. I did.

      Here here! I have a FT job, 2 businesses (1 Consulting, and 1 SaaS), and work my tail off (not to mention 2 young children). I have a small house, an '04 Corolla, and it's a challenge to make ends meet but I don't begrudge this "1%" too much as I've (as anyone does) got a shot at getting a slice of the pie.

      I'm not a cheerleader or over-zealous optimist either. I think there are problems with corporate ethics and don't get me started on too big to fail, etc. But at least I'm taking something to market, making an effort. Not just whining and crying because somebody, somewhere, somewhen was successful before me.

      I also acknowledge the significant risk of failure. However, I also know, as I've done before, I'll get up and get going again. Can't win if you don't play.

      Go be disruptive in the marketplace, being "disruptive" standing in the street holding a sign just annoys the poor folks trying to do their part in moving their own situation forward.

    21. Re:The 1% are insulated by Surt · · Score: 1

      This is probably the last time in history that could work. Very soon the 1% will be able to afford robotically defended fortresses. Automated machine gun turrets capable of killing hundreds of thousands will render the anger of the mob irrelevant.

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    22. Re:The 1% are insulated by benjamindees · · Score: 1

      That may still be true. I'm not entirely convinced it is. Regardless, we are rapidly approaching the point at which centralization of production and the efficiencies of scale that come along with it are solely responsible for supporting a majority of the world's population. Given the fragility of some of these systems and risks associated with it, this should be a frightening prospect for humanity.

      For instance, feel free to explain how to obtain something as basic as toilet paper without corporations.

      --
      "I assumed blithely that there were no elves out there in the darkness"
    23. Re:The 1% are insulated by RevGregory · · Score: 4, Insightful
      ...and thank you for pointing out why the protesters should be in front of the White House, the Capitol, and choking off K Street. The behavior of companies is not the pressing problem, it is the government reinforcing those behaviors and making them viable and repeatable that causes the serious harm.

      .

      Quis Custodiet, ipsos custodes.

    24. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      The problem with that however, as history shows, is that no matter how many are killed, there always seems to be a 1% left who need to get their heads chopped off too.

    25. Re:The 1% are insulated by Anon-Admin · · Score: 1

      I have never hear of this law. I know a lot of programers that are independent contractors. What they do is set up a corporation, The corp bills as a contracting firm and then pays them minimum wadge. The Corporation buys there house, car, boat, land, etc, etc. Most of it is expended off the corporate taxes. There wadge goes to pay for things they want. I am told that when all is said and down they make a killing at it.

    26. Re:The 1% are insulated by ByOhTek · · Score: 1

      I think you have a lot of merit in your statement.

      I wonder if anyone has tried to pass that around the occupiers? Even if it's just "make a demand to this group, and then stop buying from them until they leverage force as well".

      Regarding TFS, I think I agree with you that Occupy, as it is, won't do much. However, they do have a point. As long as investors are trying to get high yields, there are only two options
      1) Make money off of the growth of the economy
      2) Make money off of "surplus" in less economically successful areas of the economy.

      With the way the first is going, only #2 is left. With the low amount of surplus in #2, there is little profit to be seen. With little profit to be seen, there is little investment, with little investment, there is little growth and reduction into the surplus (and even the needed) capital in the less economically successful groups.

      What we need to do is curb the profits given to the top 1%. We can do this by either by responsible pay to higher tiers, and paying less to lower tiers, or by getting the less wealthy to invest and gain more money. The latter doesn't work so well because the less wealthy don't necessarily have the surplus finance to invest...

      With this, there would be more economic growth, more profit available from the market, long term, and even at reduced income percentages, the top tiers would probably be overall better off.

      --
      Self proclaimed typo king, and inventor of the bear destroying coffee table (patent not pending).
    27. Re:The 1% are insulated by haltline · · Score: 1

      Most people don't know which company's own or what influences exist. It's difficult for even an experienced person to know how much of the dollar they spend gos to things that they support or don't support. It is certainly possible for someone to do a fair job of that, but, it requires a large amount of ongoing research. Folks can cough up little counter examples of course, but,. by and large, the average person is not informed about this and, if they are, it is only the result of considerable effort on their part.

      I support more transparency (necessary secrets notwithstanding, but in general) , I would be much happier if you were correct, that we could actually make conscious decisions with our dollar every day. If everything that "Evil Bobs supercompany" was involved in had their name on it so we could know when we were supporting "Evil Bob", if "Good Pauls supercompany" had their label and I could make sure I bought their products first, what a win. That would certainly change how these entities behave.

    28. Re:The 1% are insulated by Nutria · · Score: 1

      Florida's government imposed a new fee to reimburse them for the revenue they lost

      Probably because they have fixed expenses of their own which they have to pay no matter how much income they receive.

      --
      "I don't know, therefore Aliens" Wafflebox1
    29. Re:The 1% are insulated by sycodon · · Score: 0

      Here is a very good description of the protestors

      --
      When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    30. Re:The 1% are insulated by turkeyfeathers · · Score: 1, Offtopic

      Sleep through spelling and grammar lessons in grade school?

    31. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      That is exactly the wrong thing to do. Civilized society depends on the rule of law in order to maintain order. If one group can run roughshod over another and chop of their leader's heads, what's to stop the next group from doing the same to you?

    32. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Sure, they have power, armies of private security, full control of the government, etc. But that's no match for the civil rights demonstrators' mighty gospel singing!

    33. Re:The 1% are insulated by sycodon · · Score: 1

      You are the Eeeeevil "rich".

      --
      When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    34. Re:The 1% are insulated by sycodon · · Score: 1

      Hear Hear!

      --
      When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    35. Re:The 1% are insulated by Nutria · · Score: 1

      If it actually were 1% then the police would be part of the 99%.

      This reminds me of the riots at the 1968 Democrat Convention. College punks raging against the System and getting beaten down by (literally) Blue Collar workers.

      --
      "I don't know, therefore Aliens" Wafflebox1
    36. Re:The 1% are insulated by orthancstone · · Score: 1

      Not just whining and crying because somebody, somewhere, somewhen was successful before me.

      And when their success is dependent on living off of tax dollars? I see a lot of complaints about welfare, but apparently when people organize to question corporate welfare we suddenly are so quick to defend those companies for doing whatever it took to succeed (including live off the gov't tit)?

      I wish I could so easily "succeed" by running a failing model and then begging someone else to prop me up at the tune of no interest and no obligation to pay back.

    37. Re:The 1% are insulated by Reservoir+Penguin · · Score: 1

      After the brutal suppression of the London Youths revolution a lot of people had to go underground, my sources among them prominent independent bloggers confirm that people are scared. New York is a city on edge, the only people willing to talk politics are the ones still supporting the regime. Something big is about to happen.

      --
      US-UK-Israel: The real Axis of Evil
    38. Re:The 1% are insulated by Dunbal · · Score: 1

      Probably because they have fixed expenses of their own which they have to pay no matter how much income they receive.

      You realize there is insurance for that kind of thing, right? Why the hell should citizens be forced to cover the gap because a power company decided that paying insurance premiums was too expensive?

      --
      Seven puppies were harmed during the making of this post.
    39. Re:The 1% are insulated by Hatta · · Score: 1

      It's mostly a problem of identification

      Just put anyone in a suit up against the wall and you won't go too far wrong.

      --
      Give me Classic Slashdot or give me death!
    40. Re:The 1% are insulated by causality · · Score: 1

      This is probably the last time in history that could work. Very soon the 1% will be able to afford robotically defended fortresses. Automated machine gun turrets capable of killing hundreds of thousands will render the anger of the mob irrelevant.

      Hopefully the software will be made by Microsoft.

      --
      It is a miracle that curiosity survives formal education. - Einstein
    41. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Go be disruptive in the marketplace, being "disruptive" standing in the street holding a sign just annoys the poor folks trying to do their part in moving their own situation forward.

      How? Working your tail off for a meager living might be a virtue in itself, but other than you and your family, you ain't helping nobody. Libertarians often mistake their place in society as fully earned by their own efforts, when it's very far from the truth.

    42. Re:The 1% are insulated by Anonymous Coward · · Score: 1

      Don't be a wise-ass with your Corporate Overlord, turkeyfeathers! They've got your name and your middle name. They'll pound sand right up your ass.

    43. Re:The 1% are insulated by G · · Score: 1

      I wish I could succeed like that as well (actually, I don't, what fun in that. . .but for argument's sake). However, I'm pragmatic enough to know that's not going to work for me, so what should I do? Expend effort moaning about it or do what I can to keep moving forward?

      As far as welfare, 2 things come to mind: 1) Where does more of MY tax dollars go, corporate or social welfare? (not a trick question, I don't know but interesting to look up perhaps). 2) Nobody should be receiving the benefit of my labor without some effort in return. I don't care if they're top or bottom 1%.

    44. Re:The 1% are insulated by Anonymous Coward · · Score: 1

      Someone who invented his statistics, probably.

    45. Re:The 1% are insulated by rallen911 · · Score: 1

      The American Revolution did have leaders, commonly referred to as the "Founding Fathers". These were the leaders of each of what would become the several states. Those leaders were elected to speak for their constituents. They led the people of the colonies to what they thought the colonists wanted... freedom from the tyrannical rule of monarchy. Our Revolution didn't end up by killing the other side's leaders and their supporters, unlike the French variety.

    46. Re:The 1% are insulated by Dunbal · · Score: 3, Insightful

      Yes it turned out very well. For Napoleon. Who said "There are those who cause revolutions and those who profit by them".

      --
      Seven puppies were harmed during the making of this post.
    47. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Thank you for identifying yourself.

    48. Re:The 1% are insulated by Khashishi · · Score: 1

      \Just because you or anyone else can become fairly well off by working really hard (and kudos for you), doesn't mean the system isn't broken. You shouldn't have to work 60+ hours a week and risk frequent bankruptcy to do so. There's still an upper class of people who siphon off wealth through control of capital and politics which makes it harder for everyone else to succeed. Maybe you can still succeed, but it's twice as hard.

    49. Re:The 1% are insulated by Hijacked+Public · · Score: 4, Funny

      No, there is a global conspiracy to keep the knolwdge of grammar and spelling in the hands of the Chosen 1%.

      --
      "Sacrifice for the good of The State" - The State
    50. Re:The 1% are insulated by Dunbal · · Score: 1

      This also fails, because the minute the blood of the 1% has stopped flowing, 1% of the 99% are going to ask themselves what to do with all of those castles, palaces and hoards of gold. Derp. Meet the new boss, same as the old boss.

      --
      Seven puppies were harmed during the making of this post.
    51. Re:The 1% are insulated by gtbritishskull · · Score: 2

      The government which is bought and paid for by Wall Street. Do you really think that we should be protesting the peons (politicians) instead of the people controlling them?

    52. Re:The 1% are insulated by rallen911 · · Score: 1

      Amen to that!

    53. Re:The 1% are insulated by PopeRatzo · · Score: 2, Insightful

      The behavior of companies is not the pressing problem, it is the government reinforcing those behaviors and making them viable and repeatable that causes the serious harm.

      Isn't that sort of adding an additional layer of complexity? You're saying "we shouldn't blame the corporations for engaging illegal and destructive behavior because its the government's fault for not stopping them".

      So, if an arsonist sets fire to your house, we shouldn't prosecute him, but rather we should punish the fire department and police for not stopping him?

      Give me one reason why we should NOT hold corporations accountable for their actions.

      --
      You are welcome on my lawn.
    54. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      I think you make a good argument for hacktivism - both by organizations like anonymous as well less organized hacktivism like leaking of information. When daily workers of 'the system' realize can clearly identify corruption and bring attention to it without retribution, they are empowered to really fix a problem.

      It's a more elegant solution than public protests. The 1% has found effective ways to insulate themselves against that. However, what if the system could correct itself from *the inside*? ...That's never really been possible before.

    55. Re:The 1% are insulated by jdgeorge · · Score: 1

      In parts of North America, this need is addressed (in summertime, anyway) by a plant known as "bumwad maple" or more formally, striped maple.

      Rest of the year, people would need to get more creative.

    56. Re:The 1% are insulated by optimism · · Score: 1

      The behavior of companies is not the pressing problem, it is the government reinforcing those behaviors and making them viable and repeatable that causes the serious harm.

      And exactly who do you think purchases the government that reinforces those behaviors?

      Go spend some time looking at the campaign finance statistics on opensecrets.org, and you will understand.

      Currently these statistics are open and public by law. When you start to have trouble finding these stats. you will know that even the concept of democracy in the USA is well and truly dead.

    57. Re:The 1% are insulated by G · · Score: 1

      So. . instead I should be working my tail off to earn everybody a meager living? Except if I've got a meager living to look forward to regardless of expended effort I think I'll spend as much of that meager living with my wife and kids in the here and now as possible and work my tail off a little less (not a hypothetical).

    58. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      The 0.1% can live in Abu Dhabi where the average citizen has a net worth of $17 million (and there are close to 500,000 citizens that city.)

      Learn to use statistics. 99 people making $5/day. 1 guy making a $1 million a day. It sounds like everyone is doing fine statistically.

    59. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Wallstreet follows the "rules" created by the government. If the protesters don't like what is going on, they should protest in Washington.

      It is obvious that congress sells patronage. However, each seem to be made out of teflon. Responsibility never sticks to them.

    60. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      I doubt these protestors have the sophistication or the awareness to see through the bullshit and understand what they're actually opposing.

      End thread.

    61. Re:The 1% are insulated by Stormthirst · · Score: 2

      I already have started. I grow a lot of veggies (you should see my food bill in late summer/early autumn - I save a fortune). Next year we're going to start keeping chickens, which will help cut down on the cost of basic meat and of course eggs.

      Personally I'd love to have solar power/wind generation, as that's another big bill, but the start up costs are rather extreme. I've seen one quote for $20k CDN for a 2.2kW system. That would barely touch what I use because we have an electric water heater, etc. But it would be a massive start. If I could be off grid entirely that would be even better as it would help avoid all the power outages we often get round here during winter.

      The problems with avoiding large corporations come when you need to buy things like a car (a car is a necessity where I live). Personally I'd love to build a bio-diesel plant to solve the problem of a) drilling for oil and b) paying the oil companies in the first place. (Would someone please please make Exxon et al. at least pay 10% of what they make - America might not be quite so screwed if they did). The alternative would be an electric car, especially if I could generate my own power.

      There will always be a need for accessing corporations products, after all I will still need someone to make chainsaw blades so I can heat the house in winter. And as someone else pointed out, I can't make toilet paper.

    62. Re:The 1% are insulated by Anonymous Coward · · Score: 2, Insightful

      Give me one reason why we should NOT hold corporations accountable for their actions.

      In many cases their objectionable actions are legal; corporations are ostensibly bound to the letter of the law but an amoral legal entity has understandable difficulties grasping the spirit (much less following it).

    63. Re:The 1% are insulated by SteveFoerster · · Score: 5, Insightful

      Unless you were an Iroquois. Then your towns were burned to the ground by George Washington's troops because your people supported the British. And plenty of Canadians trace their ancestry to American loyalists who fled their homes to avoid potentially fatal persecution.

      All that said, yes, it was still a lot better than France.

      --
      Space game using normal deck of cards: http://BattleCards.org
    64. Re:The 1% are insulated by jdastrup · · Score: 1

      Consider Taxation without Representation. Should corporations pay taxes but not be able to influence the government imposing those taxes? Stop taxing corporation and then the government can, and should be forced by law, to ignore them, their lobbyiests and their donations. But, as long as you tax a corporation, they should be able to represent themselves. And their donations and influence should be in proportion to the amount they are taxed.

    65. Re:The 1% are insulated by airfoobar · · Score: 1
    66. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      The single most effective thing they ever did was to replace real state-issued money with bank-issued monetized debt. That's how you grab a nation by the balls without ever using physical force.

      Sure, most educated people know the history but that's not what the protests are about.

      There's plenty of people sophisticated enough to explain things in laymans terms and even more sophisticated analysis for those stupified intellects that remain in denial.

    67. Re:The 1% are insulated by dtmos · · Score: 4, Informative

      You need to contact an actual tax attorney and/or accountant, and try again, rather than listen to people putting you down. The law does nothing of the sort; there are, in fact, tens of thousands of self-employed programmers and software engineers in the US, and there are dozens of ways to set oneself up in the business.

      Just keep in mind that it's more likely you will run afoul of your state's Professional Engineer statues if you call yourself an "Engineer" and do not have a P. E. license. But this, too, is easy to avoid; usually just by not using the word "engineer" in your business name or as a title on your business cards. Or, by actually sitting for the exam(s) and getting the license. . . .

    68. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      It's a shame you can't mod above +5.

    69. Re:The 1% are insulated by G · · Score: 2

      I don't disagree. There really are problems. However, what frightens me is the potential for a cure much worse than the disease. Which is something our culture excels at right now. Less knee-jerk, more introspection, understanding, and willingness to work for the cure. Learn from history, learn from mistakes, plan for human nature, don't just buy into some utopian dream of a wonderful life for all. There will ALWAYS be a 1%, even if everybody earns $1, there will be those that gain power enough to get $2. The trick is, if that 1% is a political class they're almost certainly unassailable by any but violent means. I have a shot at taking down MSFT (If I were to try and had that particular talent, that's not my market). Trying to take down the Communists party in China will just end up with me being 6' under. Perhaps poorly explained but hopefully the point is there.

    70. Re:The 1% are insulated by spire3661 · · Score: 1

      Even if what you say is true, its a trivial mater to start a corporation and hire yourself.

      --
      Good-bye
    71. Re:The 1% are insulated by Bucky24 · · Score: 1

      Not everyone has that option sadly.

      --
      All the world's a CPU, and all the men and women merely AI agents
    72. Re:The 1% are insulated by pscottdv · · Score: 2

      I worked as a self-employed programmer, computer consultant, and network administrator from 1992 - 2008 when I sold the business. I wasn't even incorporated until 2000. I have never heard of this alleged law and I note that the article does not cite it by statute number and does not describe it except in the vaguest of terms.

      --

      this signature has been removed due to a DMCA takedown notice

    73. Re:The 1% are insulated by perlchild · · Score: 1

      I see where you're going with this, and I mostly agree, for one, the protesters are far too short term to actually even "damage" even one proxy, let alone all of them, so no lasting change will be done. Second, those proxies are all identified in some some of amorphous mass.

      One form of protest that might work would include:

      1) identify one proxy
      2) drive him totally ouf ot business out of a mixture of
      a) class action lawsuit
      b) boycott
      c) social censure

      repeat

      But that's not glitzy enough for the 99% crowd, and it is FAR beyond the attention span of the facebook crowd.

      If you identify those 1% as your enemies(and that's the vibe I got when I first heard of this) you have to harry them until they go down...

      So far, I don't think this is anywhere on the scale of the protests in libya.

      And yes, This is much the same thing, except:

      Libya was the government, not a proxy

      It was the same majority flexing its muscle and seeing change done, however.

      And it doesn't really matter if the 1% see it or not, it's whether or not when the 99% stop their action, change has been done or not.

      If I punch your face, and you keep singing la la la while I do it.

      You can still sing la la la

      If I burst your skin or not is what matters, not your singing ability at that point.

      The same with the 1%, their inaction at the 99% is a sign of their apathy, getting the 99% moving, and keeping them moving, would do a lot more lasting effect, regardless...

    74. Re:The 1% are insulated by myurr · · Score: 1

      Tony Benn isn't exactly a reliable source. He's very firmly on the left, believing in big state, nationalised industry, high tax, all corporations are bad, etc. all the while living out his hypocritical existence on his multi-million pound estate.

      He is right in some aspects though, in that the politicians are just a management team that changes every now and then, but for the wrong reasons. The reality is that the politicians are in sway to big media and the lobbyists that set the news agenda and that the real power, and reason nothing ever seems to change, lies with the civil service. The directives from the top may change but the underlying structures and management, and therefore underlying agenda, within the ever more overtly politicised civil service remain largely unchanged from government to government.

      I am unfamiliar with the inner workings of American politics but would be surprised if the overall situation were a world apart, even if the detail may vary.

    75. Re:The 1% are insulated by sjames · · Score: 1

      So your alternative is.....lube up and beg them to be gentle?

      Agreed, the problem comes back from time to time, but not right away. As memory of the beheadings fades and people get up to the old tricks again, you have to polish up the guillotines again. When that's not enough, the cycle repeats. It's not pretty, but it beats unchecked tyranny forever after don't you think?

      Jefferson spoke of this. The tree of liberty is looking a but dry, don't you think?

    76. Re:The 1% are insulated by dkleinsc · · Score: 4, Insightful

      That's how you grab a nation by the balls without ever using physical force.

      Sure you do, if the powerless ever get too uppity: Kent State is the most extreme example in the US, but there are plenty of more recent examples. You don't get involved yourself, of course, but you get your pals in government to organize riot police protection whenever you're having a major gathering that might attract the attention of the rabble. And here's the best part: You can use your control of government to convince the police to buy all sorts of weapons from the corporations you control, so that you're effectively using the protester's own tax money to fund beating them.

      And in the Third World countries they care about, they don't bother with the niceties of limiting themselves to non-lethal force. Sometimes they use the US military for that, sometimes the poor nation's own military and police, sometimes private security forces, but the effect is always the same. It's not all that uncommon, for instance, for sweatshop workers who dare to talk about organizing to be killed by private companies.

      I doubt these protestors have the sophistication or the awareness to see through the bullshit and understand what they're actually opposing.

      Well, for starters, they had the sense to target Wall Street rather than Washington DC and government. That suggests that they're seeing through at least one of the illusions put forward by the real power brokers.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    77. Re:The 1% are insulated by G · · Score: 1

      I know, ain't it grand? heh

    78. Re:The 1% are insulated by sjames · · Score: 1

      However, we usually manage to buy a few years of prosperity while the 1% are still spooked.

    79. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Exactly!
      If Americans were more like Arabs the 1% would shit their pants and celebratory gunfire would be heard.

      But you're all not Arabs, and the 1% has clean pants.

    80. Re:The 1% are insulated by Hijacked+Public · · Score: 1

      I'd have skipped the derp part but you rang the bell with that one.

      --
      "Sacrifice for the good of The State" - The State
    81. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      see the arab spring revolution... the 99% have the power, no matter how the 1% group try to control them.

    82. Re:The 1% are insulated by shutdown+-p+now · · Score: 1

      No, but heads tend to start rolling eventually when there's too much discontent. Worth keeping that in mind when deciding public policy.

    83. Re:The 1% are insulated by pixelpusher220 · · Score: 1

      We should hold corporations responsible for their actions UNDER THE LAW. Currently that law has been either massively gutted or never existed in the first place.

      So yes, you protest the entity who makes the LAW, i.e. the government.

      --
      People in cars cause accidents....accidents in cars cause people :-D
    84. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Remind me, which side was pro-slavery?

    85. Re:The 1% are insulated by Khashishi · · Score: 1

      And after their incomes go to zilch, we'll have to bail them out.

    86. Re:The 1% are insulated by MattW · · Score: 1
    87. Re:The 1% are insulated by Tsingi · · Score: 1
      I do my best to spend my money where it will stay in the community. It costs more, but that's OK.

      The frustrating thing is that it is sometimes impossible to avoid dealing with large corporations.

    88. Re:The 1% are insulated by pixelpusher220 · · Score: 4, Insightful

      Countries are not in existence for corporations. They are in existence for their *citizens*. Corporations *should* get short shrift in the law making process.

      There should not be *any* voice in government for corporations until they can have the exact penalties enacted against them that individuals can. If a corporation is convicted of fraud, they can't do business for 3-5 years...until the CEO gets out of jail himself.

      The fact that any corporate money is allowed in politics is nothing but pure bribery.

      --
      People in cars cause accidents....accidents in cars cause people :-D
    89. Re:The 1% are insulated by AmericanGladiator · · Score: 1

      To make a point about greed you've decided to pick on an electric utility? One who's rates are more or less set by the government, where any real growth is basically non-existent? Utilities are the ones that are not allowed to build any new generation facilities (even though demand increases every year), subjecting customers to an ever-higher threat of brownouts due to high loads.

      I guess I feel sorry for the utilities and the environment they must operate in. They are hardly the poster child for corporate greed.

    90. Re:The 1% are insulated by optimism · · Score: 1

      Just put anyone in a suit up against the wall and you won't go too far wrong.

      Actually yes, you would.

      99+% of people in suits are tools of the aristocracy. They may be well-paid tools...and some of them are even aware of the real social hierarchy in supposedly "classless" America...but they are tools nonetheless.

      The real aristocracy does not wear suits on a regular basis. You are just as likely to find an aristo with no shirt and no shoes, on the deck of a yacht moored off a private island.

      Other people on the island (who also do not wear suits) manage the high-level details whilst the yach-owner plays.

      The folks in suits are the soldiers, in the trenches. That is what it means to be a "white collar" worker these days.

      And the 21st century "American Dream" is to wear a suit for long enough that you figure out the system, and become that private-island and yacht owner.

      It is a very compelling dream for a great many shallow people, who have no significant talents to contribute to society.

      -----

      Patriotism is supporting your country all the time, and your government when it deserves it.
      -Mark Twain

    91. Re:The 1% are insulated by AmericanGladiator · · Score: 1

      Can you provide the name of an insurance provider that specializes in this kind of thing with no exclusions for acts of God? I'm not being sarcastic, I'm genuinely curious.

    92. Re:The 1% are insulated by Squiddie · · Score: 1

      A corporation is not a citizen. Citizens are represented in government, not just anyone, even if you do believe that corporations are people like you and me. Taxation of corporations are just taxes on a collective asset of many people, who are individually represented in government. A rich man, just like a poor man can vote equally. The problem with corporations is that it gives owners of large sums of capital the ability to multiply their representation in government. Corporations are very much represented in government, but they are just a proxy for a single or a small group of individuals' wishes.

    93. Re:The 1% are insulated by Pieroxy · · Score: 1

      You are aware that these corporations feed up the population right? Who in the US could go without income for 90 days?

      Other than that, your plan sounds good. Zero chance of ever being realized though.

    94. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Oh, ok. Thx.

    95. Re:The 1% are insulated by G · · Score: 1

      Here here!

      Where where?

      Or did you mean "hear hear"?

      Got me - I noticed a little too late ; )

      No, you are.

      Getting a business idea off the ground takes investment. When you're starting from zero, you can't go negative. No bugger will give you a loan. There are precious few business grants available. And if your family is historically poor, there's no way to start a business. That's just stupid.

      Absolutely and categorically wrong. I come from a humble (blue collar) background and am completely self-trained (I don't have any piece of paper higher than a HS diploma). I've NEVER borrowed one penny (or more) to start a company. If you can save up a couple hundred bucks (I've never spent more than $500 including LLC papers and hosting) you can do it. . . and anybody in this industry should be able to do that. Is it more difficult? YES! Dramatically so. Is it doable? Absolutely. Don't study the problem for it's own sake, study the problem to find a solution. If you believe the problem has you beat, if you believe it's impossible, it certainly is. But don't try to convince me or sell your poison to others, I've done it. . .3 times.

      Being a software developer in this day and age we have opportunities that were inconceivable to our ancestors, truly a blessing. But you have to believe that those opportunities exist and be willing to stare down the risk. It's not a given, but with so little to invest. . hell, I'll just take another stab.

    96. Re:The 1% are insulated by sjames · · Score: 1

      Part of Occupy Wall Street is an attempt to defibrilate rule of law before we hold the funeral for it. Currently, we already have one group running roughshod over another, that's why there are protests. It's also why the economy is in the toilet.

      If it can't be saved, the only way to get it going again is to kill the cronies. That killing can be literal or figurative. Either way, the objective is to then re-instate rule of law.

    97. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Amusingly, you probably think you are in some sense moral.

    98. Re:The 1% are insulated by PopeRatzo · · Score: 5, Insightful

      Here here! I have a FT job, 2 businesses (1 Consulting, and 1 SaaS), and work my tail off (not to mention 2 young children). I have a small house, an '04 Corolla, and it's a challenge to make ends meet but I don't begrudge this "1%" too much as I've (as anyone does) got a shot at getting a slice of the pie.

      I'm not a cheerleader or over-zealous optimist either. I think there are problems with corporate ethics and don't get me started on too big to fail, etc. But at least I'm taking something to market, making an effort.

      So your solution is for the 200million+ American workers to all start their own businesses? THAT'S your solution? Really? "You don't like that patent trolls are gonna sue you into the ground if you bring something to market? Well, you just get your own patents and SUE THEM BACK!"

      Do you really believe that being a "consultant" is the same as "bringing something to market"? Come on. "Consultant" is just an invention of big business which allows them to underpay workers and not give them any benefits. I get a kick out of people who think that "consultant" is some sort of elevated status when in fact it's just a sign on your head that you have been bent over a desk and well and truly fucked.

      have a FT job, 2 businesses (1 Consulting, and 1 SaaS), and work my tail off (not to mention 2 young children).

      So you believe that the fact that you have to do all that just to survive, while probably seldom seeing your wife and kids and having extra pressure on your family life and needing to work until you drop just to make ends meet is a good thing?

      That's about as ridiculous a notion as this new talking point going around "conservative" media that the solution to our economic woes is to have everyone work longer and retire later. Think about this: Forty years of a computer revolution with everything being automated and the productivity levels of workers going up 200-300% and corporate profits at all time record levels and you still have to work harder and longer. Don't you see anything at all wrong with this picture? You're being asked to give up another decade of your life to work even though you're more productive than your grandparents were. And why? Because the corporations you work for have decided that they don't want to give you pensions any more, that you shouldn't have benefits and you need to put in more hours, more work, more productivity so the shareholders profits can keep accelerating. Think about that. The solution to the equation of wealth, for some reason, is that you should work harder for less even though you're a lot more productive.

      But...but...if the workers have less, that means that they'll have less to spend on the products and services the corporations sell! What now? Well, we'll give you a credit card! And then another. And then another that you can use to transfer your balance so it seems like you're not doing so badly. And when there's just no room left on the cards there's that pittance you've got in equity on that house you've been paying on for 15 years, so you should just borrow against that. Yeah, that's the ticket, that's how we'll keep it all going. And when all the equity's been scraped from the houses and the foreclosures are at record levels, then what?

      Well, that's where we're at today. There is a global economic downturn because every last shred of accumulated wealth has been scraped from the majority of people who are seen as nothing but lambs to the slaughter for corporations and there's even an economic downturn in China. So every drop of work, every drop of wealth has been had we find ourselves where we are today.

      The world did not just become less valuable. There is not suddenly a shortage of money all over the world. The entire world economic downturn can be seen as what happens when all the wealth gets siphoned off by small percentage of people.

      I retired back on 2006 on my 50

      --
      You are welcome on my lawn.
    99. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      That's because the law doesn't stop anyone from doing anything. All it does is declare that any employer who claims someone doing work for them as an independent contractor in the tech field actually has to be able to show that that person is independent and actually has a contract. Note that this means that the company cannot demand office hours, cannot demand exclusive employment, cannot demand a dress code, etc. It also means that the person is paid based on the contractual agreement and cannot be terminated for anything not agreed upon in the agreement.

      You can see why the companies shit themselves with rage over this. They can't convert their existing workers to 1099 workers and cancel all their benefits and payroll taxes without having to give up all that control.

    100. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Nope, not 90 days, it has to be at least 181+ days because it has to hurt their balance sheets. Good luck getting people to buy absolutely nothing from October to April. Just 90 days wouldn't be reflected for another 90 days. 181+days is gauranteed to hurt all businesses equally, on two quarters. So they can't just blame "oh those crazy protesters." They are STILL blaming the Japan Tsunami or Greece for every "market is down" excuse. The Tsunami was in March.

    101. Re:The 1% are insulated by Wyatt+Earp · · Score: 1

      So are the "rest" of them. The OWS protestors are soft and won't do what it takes for real social change, this is something I've complained that the protest movements of the last 15 years are all doing.

      They are afraid to get hurt and die to make a change, the labor movements, socialism movements, communism, anarchist, civil rights movements, anti-abortion, and racial militant movements have not been afraid to kill or be killed for the advancement of the movement. However the anti-NAFTA, anti-WTO, anti-war, anti-G8, anti-globalization, and now OWS are soft and risk adverse.

      Social change, real change won't happen unless they are ready to go crazy like the 1968 Democratic Convention or Haymaker Riots, until then all the protesters are doing is getting their faces on TV and providing a reason to update Facebook for their own ego boost.

    102. Re:The 1% are insulated by skids · · Score: 1

      This. Being on top means having the time and resources to take advantage of churn, which is what such a boycott would cause.

      Now, if the OWS people were to start holding up dollar bills and saying "if this paper is going to be rigged by the likes of you, why should we do anything other than wipe our asses with it?" and start forming alternative economic systems THEN that might strike some fear into those who's primary source of power is those little green pieces of paper. However it would also be pretty much seditious.

      At any rate I think the GP is partly on point because what is missing from the OWS movement is a dialogue with the 1%. If the 1% won't give it to them, I think the OWS crowd would be justified in putting up some strawmen and having the dialogue with them instead, in public, as a way to score political points. Because before one breaks out the guillotines, one should at least tell the monarchy how they should be behaving.

    103. Re:The 1% are insulated by Talderas · · Score: 1

      Any such system will have a finite supply of ammunition to use.

      If it uses physical bullets they must be stockpiled beforehand. These take up space and one you besiege their fortresses they cannot resupply their caches. Enough time and enough bodies later and you will break through.

      If it uses lasers it requires power. I doubt that enough power can be generated solely through the use of solar and wind to defend the fortress for a long period of time. Once again, enough bodies and enough time and you will break through.

      The question becomes whether the 99% can keep their morale up long enough to win. That may be hard to do when people get slaughtered left and right trying to sap away all the ammunition can get inside.

      --
      "Lack of speed can be overcome. In the worst case by patience." --Znork
    104. Re:The 1% are insulated by Squiddie · · Score: 4, Insightful

      I don't think anyone has a problem with the 1% just because they have wealth. People have a problem with them wielding disproportional political power and using that power to siphon off more wealth and enacting public policy that only benefits them. Regulation and Taxation are only ways to regulate industry to certain people from benefiting from the overall failure of the market or even their individual companies. Taking big money out of politics is a better first step to diminishing their power. I don't like government regulating public life, but industry is to be regulated.

    105. Re:The 1% are insulated by ColdWetDog · · Score: 1

      Something big is about to happen.

      Yep, the iPhone 5 is coming. Just hang on guys.

      --
      Faster! Faster! Faster would be better!
    106. Re:The 1% are insulated by gizmo2199 · · Score: 1

      "Very soon the 1% will be able to afford robotically defended fortresses"

      Eh, they can afford them now! But they don't implement them for various reasons 1) it's illegal to have booby-traps and machine guns in your home, no matter how rich you are 2) if you're in the 1%, the coercive instruments of the state are already in your possession, so you don't need machine-gun turrets.

      First off, rich people live in exclusive communities where anyone who "doesn't belong" gets stopped by the police fairly soon. Secondly, they have leverage with local law-enforcement to have their wishes acted upon. (see Wall Street donations to the NYPD, for instance).

      But really, and most importantly, the rich can simply afford more politicians that everyone else. They have laws specifically meant to protect their financial interests, tax-loopholes, watered-down regulations, etc.

      It's ironic, then, that the most collectivist institution in America is the for-profit corporation. It's ruled by a small elite to whom all of the benefits accrue, while keeping the much larger mass of employees as indentured servants.

      --
      This Sig does not Exist.
    107. Re:The 1% are insulated by Hatta · · Score: 1

      99+% of people in suits are tools of the aristocracy

      Yes, and the aristocracy should be relieved of its tools as soon as possible.

      --
      Give me Classic Slashdot or give me death!
    108. Re:The 1% are insulated by Hijacked+Public · · Score: 1

      None of you people are going to rise up and do anything of the sort, not least because you can't. To people who don't know the history behind the quote it looks tough printed on a T shirt, but we all know that is just tough talk.

      And the larger point here is that class warfare has no end because someone always has more than the next guy.

      --
      "Sacrifice for the good of The State" - The State
    109. Re:The 1% are insulated by Homr+Zodyssey · · Score: 1

      So maybe if I break my leg and can't work, I should charge my employer more (with government approval) when I come back to work. Cause, you know, I have fixed costs no matter how much income I receive.

    110. Re:The 1% are insulated by magarity · · Score: 1

      work my tail off (not to mention 2 young children)

      It's against several labor laws to work the tails off young children.

    111. Re:The 1% are insulated by Phantom+of+the+Opera · · Score: 1

      sort of raises a catch 22. The corporations have a huge influence on what the laws are, ensuring that they can say they obey the laws. We have every right to punish the corporations for supporting bad laws.

    112. Re:The 1% are insulated by hesiod · · Score: 1

      You're fucking delusional.

    113. Re:The 1% are insulated by bberens · · Score: 1

      I'm upper middle class. I'm taxed at 15% for FICA plus about 12% federal income tax rate.. so 27% of my income just for federal income tax. Taxation without representation? Yeah, I'm getting that.

      --
      Check out my lame java blog at www.javachopshop.com
    114. Re:The 1% are insulated by kimvette · · Score: 1

      The real aristocracy does everything by proxy, by funding, by corporations, and by front organizations. The single most effective thing they ever did was to replace real state-issued money with bank-issued monetized debt. That's how you grab a nation by the balls without ever using physical force.

      Replacing real money with debt notes and the Federal Reserve comprise only one part of the problem (what backs our money - wealth? No, the "full faith and credit of The united States of America"). Another bigger part is that we keep reelecting career politicians who perpetuate this ponzi scheme into office. The only politician I know of who has been voting consistently against such egregious decisions and has been speaking openly about the core issues is Ron Paul, but unfortunately he is unlikely to be elected to the Presidency.

      As long as we keep voting foolishly, continue to demand services from the government that it is actually not permitted to provide under the Constitution, and we continue to send jobs overseas, we are setting ourselves for our monetary system to completely collapse. As it is our credit has been downgraded.

      --
      The Christian Right is Neither (Christian nor right). See: Matthew 23, Matthew 25, Ezekiel 16:48-50
    115. Re:The 1% are insulated by sjames · · Score: 1

      More accurately, nobody who says "None of you people are going to rise up and do anything of the sort," will ever accomplish anything.

    116. Re:The 1% are insulated by Homr+Zodyssey · · Score: 1

      So start your own business. I did

      That's well and good for people in careers where that's feasible. If you are trained to be a nurse or a school teacher, its really not practical to "start your own business" now is it?

    117. Re:The 1% are insulated by Jiro · · Score: 1

      Insurance is always a bad bet, from an expected value sense. On the average, you will lose more by buying insurance than by not doing so.

      Insurance is useful in coping with large, but rare, losses. If not having insurance costs you less on the average, but that average is made up of a 99.9% chance of paying nothing and a 0.1% chance of going bankrupt, it's worse than having a 100% chance of paying a fixed insurance premium, even if the fixed insurance premium costs more than that average.

      If the large loss is *not* going to bankrupt you, then insurance is a bad deal, and you'd be better off sucking up the loss. If a large company suffers a loss from a natural disaster, and they can survive the loss, then we should let them have the loss. It would be stupid for them to buy insurance (since on the average the insurance costs them more), but they definitely shouldn't be getting a government bailout.

    118. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Thank you, hopefully this can help make them more aware of the problem.

    119. Re:The 1% are insulated by newcastlejon · · Score: 1

      Hopefully the software will be made by Microsoft.

      Pfft! Everyone knows that the finest kill-bots come with Lotus Notes!

      --
      If God forks the Universe every time you roll a die, he'd better have a damned good memory.
    120. Re:The 1% are insulated by drsmithy · · Score: 1

      ...and thank you for pointing out why the protesters should be in front of the White House, the Capitol, and choking off K Street. The behavior of companies is not the pressing problem, it is the government reinforcing those behaviors and making them viable and repeatable that causes the serious harm.

      So they shouldn't be going after the shooter, but instead the guy who sold him the gun ?

    121. Re:The 1% are insulated by modecx · · Score: 1

      History shows that a defending force usually spends disproportionally more effort and energy than an attacking force setting up their fortifications and storehouses. Also, no matter how ingenious, a defense has to work 100% of the time, whereas an offense may only need to land one or two good shots to render the defense useless.

      --
      Constitutional rights may be respected, repealed, or modified; but they must never be ignored.
    122. Re:The 1% are insulated by Homr+Zodyssey · · Score: 1

      I don't think they claim to speak for you. They merely tell their own stories and claim to be part of the 99%. You are welcome to add your voice.

    123. Re:The 1% are insulated by bberens · · Score: 3, Informative

      "Consultant" is not designed to underpay someone. When I'm a "consultant" I generally get paid more than when I'm working a W-2 job, even after adjusting for benefits and everything. There's additional risk as a consultant which is difficult to quantify financially, but I've been pretty fortunate to always get paid and never get canned unexpectedly.

      --
      Check out my lame java blog at www.javachopshop.com
    124. Re:The 1% are insulated by drakaan · · Score: 1
      So your preferred analogy would be what?

      If an arsonist sets fire to your house, we should prosecute the company that sold him the matches, and the store where he bought the gasoline. Why should they make money from your house burning down?

      If we're talking layers of complexity as being the important thing, then not only is one additional layer not enough, neither are 20 additional layers.

      Many people speak about the current economy as if they have nothing to do with it, aside from being harmed. Are we really saying that this 1% of the population is to blame for what the other 99% is pissed about?

      The economy isn't 1% of people playing with money. The economy is 100% of people getting paychecks, making investments, buying durable and non-durable goods, paying back loans, defaulting on loans, managing or mismanaging credit, etc, etc. There is a reason that there are so many credit repair, mortgage renegotiation, and payday lending places around today. You want to know why the economy's in the crapper? Because nobody wants to wait for anything anymore. We all want it now, and we'll pay for it later (maybe, if we can't declare bankruptcy...later is a long way off, so who cares).

      Sure, mortgage lenders made bad loans. Lots of them. To lots of people. That was bad.

      So was taking out an unaffordable mortgage with a variable rate.

      We are most definitely all feeling the pain from this, and that's largely because a majority of us are (or were) living far beyond our means. *WE* hurt us every bit as much as that insidious 1% did.

      How much you wanna bet there won't be a "Boycott Maple Drive" campaign (assuming a hypothetical Maple Drive where 90% of the homes are in foreclosure due to the mortgage-holders over-extending themselves). This is simple, classic, "trash big business because they make lots of money" action, and nothing more meaningful than that.

      --
      "Murphy was an optimist" - O'Toole's commentary on Murphy's Law
    125. Re:The 1% are insulated by spazzmo · · Score: 1

      English is not their first language?

      --
      The cheese stands alone...
    126. Re:The 1% are insulated by Nadaka · · Score: 1

      The problem with your assertion is that there is little profit to be seen. Corporate profits have skyrocketed during the recession almost across the board.

    127. Re:The 1% are insulated by spazzmo · · Score: 2

      You've got chance at a slice of the pie? The 1% own the pie factory.

      --
      The cheese stands alone...
    128. Re:The 1% are insulated by Nadaka · · Score: 1

      They are part of the 99%, they just don't realize it yet.

    129. Re:The 1% are insulated by Zumbs · · Score: 1

      Someone will still need to work the factories needed to construct the turrets and make the ammo. Someone will still need to go to work day in and day out to make the food, clothes, walls etc for the very rich. I would be surprised if that someone had stopped being human at the end of this century. And here I have even glossed over one important point: The base of wealth of the 1% is the work and spending of the 99%.

      --
      The truth may be out there, but lies are inside your head
    130. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      The French invented a nifty little machine to help wrestle the power away from the 1%.

    131. Re:The 1% are insulated by anagama · · Score: 1

      And consider that the FICA is supposed to go into social security so you have an old age safety net, except any surpluses have been spent in the regular budget, where it is used for example, to enrich those who own and control the military industrial complex. It's like an inverse Robin Hood situation.

      --
      What changed under Obama? Nothing Good
    132. Re:The 1% are insulated by MightyYar · · Score: 2

      Are you saying that the British abolished slavery in the colonies and then the Americans re-instituted it once they became independent?

      --
      W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
    133. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      The thing is they are getting a lot of flash on the tv. Lets be generous and say there are 1000 of them. What is the size of the new york city? ~8,600,000. So about 0.00011627907% of the population of just new york city gave a crap... Lets say 5x of that population 5000 people really gave a crap but many didnt go. That is 0.000581395349%.

      It is a non event. It is just a protest (a rather unfocused one ATM). Also to say 1% is nearly 3 million people (just in the united states alone). These are the people who give us jobs. Give us the ability to feed our families. They waste more money in one evening than I make in a year.

      But really who cares? They made it. Instead of encouraging them to spend spend spend. We encourage them to hide it (as being rich is something to be vilified). Exactly the wrong way to get them to come off the cash... You want them to show it off. You want them to buy the stupid watch for 500k.

      Also what do people think the rich do with their money? Do people think they have a huge swimming pool full of cash al-la scrooge mcduck or something? No they put it into banks and invest in companies. Just like I appreciate the dude who picks up my garbage. I appreciate the dude who bought the truck that lets the guy pick up my garbage...

        People stop and think. Lets say poof the rich and their money were gone. Ok now the companies that go with them will probably be gone as well. Where do you buy your gas? Your food? Your cloths? Your internet? And so on...

      Most of this crap was started by the gov in the 1930s with the http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act which was to curb stomp the very things that have been going on. Since about 1974 our congress has repeatedly removed every part of that. Until the Coup de grace in 1999. Which lead to out of control derivatives (higher prices on everything from food to gas), to let everyone buy a house they couldnt afford. 2000/2008 were almost exactly the same sort of crash from 1929. If people were serious about 'fixing it'. Putting that act back in place should have been at the top of the list... The Dodd–Frank act is not enough and really just rather just a list of 'dont charge people this'.

    134. Re:The 1% are insulated by Culture20 · · Score: 4, Insightful

      set up a corporation, The corp bills as a contracting firm and then pays them minimum wadge. The Corporation buys there house, car, boat, land, etc, etc. Most of it is expended off the corporate taxes. There wadge goes to pay for things they want. I am told that when all is said and down they make a killing at it.

      And they're stupid. The point of an LLC is to prevent things like losing your house et al when someone sues the company. If the house is owned by the company (not the person), then isn't it fair game? Pay yourself a good salary and use that to buy the stuff you want to keep for yourself. Everything else can be LLC owned.

    135. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      'Just about the only way I can think of to wrest power away from these folks is if the 99% were to stop buying everything for more than 90 days.'

      I agree with Mindragon that this is how things are, but we have a government so that, if we want to, we can change these things. Either the US government is voted for by corporations, or we can make ourselves heard to our elected representatives.

    136. Re:The 1% are insulated by maxume · · Score: 1

      ~ 160 million workers.

      --
      Nerd rage is the funniest rage.
    137. Re:The 1% are insulated by Dunbal · · Score: 1

      What is it with people today? Stop being such lazy fucks you can't copy/paste your way through life. You can get a rider for absolutely everything, including acts of God, if you pay enough money. Yeah ok you probably can't buy such a policy from an online broker. I doubt that Florida Power & Light does that anyway.

      --
      Seven puppies were harmed during the making of this post.
    138. Re:The 1% are insulated by optimism · · Score: 1

      Fair enough.

      Tangential thought: Most Americans wear a suit for 2 of their 3 most important life events--marriage, and death. Obviously you can't wear a suit at your own birth, but if you could, it would probably be 3 for 3.

      How insidious is that programming? Even deeper than the Debeers "diamond engagement ring tradition" scam.

      If you could change those "traditions", you might go some way towards opening people's eyes to the reality.

    139. Re:The 1% are insulated by Dunbal · · Score: 1

      Insurance is always a bad bet, from an expected value sense.

      Yeah, insurance against hurricanes in Florida is a really bad bet. Where you see a "bad bet" I see an increased cost of doing business.

      --
      Seven puppies were harmed during the making of this post.
    140. Re:The 1% are insulated by genner · · Score: 1

      Here is a very good description of the protestors

      "Today’s voters, aged 18-29 are among the most influential political forces in the world. They are also the weakest segment of eligible voters in the US when it comes to actually exercising their right to vote. Chants of “democracy now” and dozens of slogans decrying the loss of democracy in the US have become the latest rallying cry of this group. Yet, only 1 in 5 of this group actually voted in the 2010 elections, despite being eligible. This has earned the movement the moniker: Romper Room Revolution."

      Yeah that pretty much sums it up.

    141. Re:The 1% are insulated by Hatta · · Score: 1

      Morality doesn't really enter into it. Either the aristocracy will placate the public, or it won't. If it chooses not to, whatever happens is on their heads. Literally.

      --
      Give me Classic Slashdot or give me death!
    142. Re:The 1% are insulated by Vancorps · · Score: 1

      That's kind of funny to me because Ben and Jerry's was started on the idea the corporations have a moral duty to improve the communities to which they belong. Corporate responsibility is currently non-existent because of your viewpoint. When you look at the laws as a goal instead of a minimum standard then there is no reason for any company to behave in a way that is good for the community.

      I work for a company in Arizona these days and they have a similar philosophy, their approach is through philanthropy in much the same way as Ben and Jerry's used to be. We raise tons of money for charity every year.

      So in short we should reward companies that behave responsibly and work to make those that merely try to skate along the law irrelevant.

      Also worth noting that people have been protesting these policies in Washington for a long time and haven't gotten anywhere. Obama even campaigned on this premise in 2008. Republican obstructionists and disorganized Democrats have so far been ineffective and protects have failed to gain the issue any momentum beyond Rachel Maddow in the media. Occupy Wallstreet in a very short amount of time has shed far more light on the issue as it is taking the issue to the streets instead of insulated Washington.

      I find it amusing hearing certain politicians call it class warfare when they've been conducting it handily for the last 30 years, did they not think there was another side?

    143. Re:The 1% are insulated by PNutts · · Score: 1

      The 1% already control everything. Everything that you buy, everything that you watch and everything that you do is controlled completely by this 1% group. Just about the only way I can think of to wrest power away from these folks is if the 99% were to stop buying everything for more than 90 days. Once the corporations see their income statements go to zilch then you would see real change.

      Someone should mention this to the protesters wearing logo jackets, hats, backpacks, and shoes, and carrying cameras and video cameras, and camping in expensive tents. Sure, there are some there that need a bath, but they usually have a good bicycle.

    144. Re:The 1% are insulated by drodal · · Score: 1

      I agree about the consultant thing, As a consultant, I don't feel f**ked.

      But everything else that PopeRatzo said is spot on!!!

      I really agree, and it may take someone older (like my 53 year self) to see, it wasn't this bad 12 years ago, it wasn't bad at all in the 90's....

      it's pretty bad now.

    145. Re:The 1% are insulated by Synerg1y · · Score: 1

      What you can do about it: Drop out, stop buying shit you don't need, paying for shit you don't use, do stuff that doesn't cost wads of $, etc... look into the hippie movement.

      Corporations cannot exist without consumers and lobbyists cannot exist without corporate backing, it's all a system, the corporations just use a lot of $ to expand it, that they get from YOU the consumer, make sense?

      If Sony, Apple, and Microsoft all went under tomorrow, unless you work for them, or are some sort of incompetent admin who requires support calls from ppl who give crap support, life would go on, nobody would notice much at first and the long term impact wouldn't be that great either. A few crazies might cry about the loss of their ipads cause they wanted to buy one and couldn't afford one till recently or something, but not much outside of that.

      Why is big tobacco still around? If not for us.

      We've been here before it seems, human greed is human nature an the rich want to get richer.

    146. Re:The 1% are insulated by Myopic · · Score: 1

      That rant was stupid. Low, variable inflation is the savior of the economy. Without inflation, there would be no disincentive to accumulating and sitting on gigantic wealth. With inflation, you can still sit on your money, but later on you'll be sitting on less of it, so you may as well spend some or most or all of it, which is what we want. Meanwhile, yes of course wages go up when inflation goes up. If not nobody could afford anything. And in the shuffle of different goods and different salaries slowly increasing in cost at slightly different rates, the economy has the ability to change priorities for different things, allowing the relative values of goods to change. This is very good and healthy, and if your wages don't rise so fast as inflation, then the economy is telling you that your labor isn't worth as much as it used to be, and you should get a different job. Finally, money is whatever shopkeepers accept, which means that in America in 2011 money is made of paper (or electrons); gold and silver are not money. Who the heck takes silver for payment? If I tried to pay for an oil change with a tiny chip of silver, I don't think I'd get my oil change.

    147. Re:The 1% are insulated by Aryden · · Score: 1

      Yes, the corporations that no longer have billions coming in will layoff all those people that stopped buying from them in the first place. The unemployment rate sky rockets, tax revenues decrease, as well as a multitude of other nasty things.

      Don't get me wrong, I think the gov needs to stop the subsidies, kill off the tax loopholes, and heavily regulate some of these businesses like OIL.

    148. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      "Hey look, I made it so fuck everyone else who can't".

      Yeah that is just great. If you really think the protesters are just "whining and crying because somebody, somewhere, somewhen was successful before" then do yourself a favor and check out what they are really protesting. When the idiots that collapsed our countries economy, and got rich doing so, are still getting rich and making financial decisions without any sort of repercussions for their actions, it tends to piss off the people they screwed over in the process. You are just a good little automaton that has learned his role of not being angry about being taken advantage of. You are exactly what the 1% want - the "yeah they do some bad things, but it could be worse you know. let's not complain." Isn't their an episode of American Idol you are missing somewhere?

    149. Re:The 1% are insulated by Myopic · · Score: 4, Informative

      And plenty of Canadians trace their ancestry to American loyalists who fled their homes to avoid potentially fatal persecution.

      This is something I learned at age 29 when traveling in Canada, and it totally blew my mind. Nobody in any history class had ever mentioned, nor had I ever thought to ponder, what happened to the people who didn't agree politically with the Revolution. Up there in Canadia [sic], they have Loyalist Highway and Loyalist High School other landmarks named for Loyalists.

      They aren't so loyal now, though, are they! Now Canadia is it's own country, since way back in the 1980s. Good for you, guys!

    150. Re:The 1% are insulated by grumpygrodyguy · · Score: 1

      Even if you're screaming right outside their door, they're just going to call the cops and crank up the volume on the TV. I don't seriously believe that the Occupy campaign are going to do that much to change what is going on. The 1% already control everything. Everything that you buy, everything that you watch and everything that you do is controlled completely by this 1% group. Just about the only way I can think of to wrest power away from these folks is if the 99% were to stop buying everything for more than 90 days. Once the corporations see their income statements go to zilch then you would see real change.

      You're forgetting the 2nd ammendment. It's there for a reason.

      250+ million armed civilians will get you some hope and change.

      --
      The government has a defect: it's potentially democratic. Corporations have no defect: they're pure tyrannies. -Chomsky
    151. Re:The 1% are insulated by Anonymous Coward · · Score: 1
    152. Re:The 1% are insulated by AmericanGladiator · · Score: 0

      Wow. You answered my specific question with a generic wikipedia definition. Nicely done. My point was that I am skeptical of the answer to just "buy insurance" for everything. Really big hurricanes are known to put insurance companies out of business and FPL is not a small business with small revenues. Your point is taken though. I will no longer ask innocent questions on Slashdot. I will see if I can find (for myself) a specific instance or case study where a company with something similar to FPL's $15.6B in annual revenue was able to buy revenue continuation insurance when their assets are spread through a hurricane-prone area.

    153. Re:The 1% are insulated by Dasher42 · · Score: 1

      The real aristocracy does everything by proxy, by funding, by corporations, and by front organizations. The single most effective thing they ever did was to replace real state-issued money with bank-issued monetized debt. That's how you grab a nation by the balls without ever using physical force.

      I appreciate that statement, because by the measures you've stated, the bulk of the protesters I've encountered are right on target. The Occupy San Francisco group is, after all, encamped in front of the Federal Reserve building, and "End the Fed" is playing really strongly with the sentiments I've encountered across their diverse political spectrum. As the numbers of people increase it's important to spread the information on what the Federal Reserve and fractional banking represent, and why it's the root of so much political corruption.

      Why not use your considerable awareness to put together flyers with summaries and links to websites? The more people get out there with a refusal to settle for the oligarch's scraps, the more likely we'll get something done.

    154. Re:The 1% are insulated by PopeRatzo · · Score: 2, Interesting

      So was taking out an unaffordable mortgage with a variable rate.

      "Taking out" a mortgage is not a one-sided transaction.

      As we are learning in the current "robosigning" scandal, a very large percentage of the "subprime" loans would never have been approved if bank examiners had real data to examine. Banks were taking the income data from one application and cutting and pasting it into another application that would have other wise been denied. Often, when an appraisal did not support the size of the loan, they would simply appropriate an appraisal from another loan application and use it with the application that would otherwise have been denied.

      The hunger for mortgages to bundle up and re-sell was so enormous that banks were calling renters and guaranteeing people that they'd be eligible for a mortgage, then falsifying the applications to get them through. The renter would say "But I don't think I'm really eligible for a mortgage" and the broker or lender would say "Let us worry about that".

      Then, when these loans went into default as you would expect, the affidavits for foreclosure were robosigned, creating an entirely fraudulent case.

      That's why there's a half-trillion dollar elephant working its way through the banking industry right now. Even in Florida, where the judges are about as banker-friendly as it gets, they are throwing foreclosure cases out of court.

      The solution? Well, according to Rick Scott, the governor of Florida, they need to take the courts out of foreclosures completely, creating something called the "non-judicial foreclosure" where a panel of bankers would decide upon foreclosures and homeowners would get deprived of property with absolutely zero due process. No liability on the banks if they happen to foreclose on the wrong house or borrower (which happens a surprisingly high number of times).

      That's how much power the banks have in this country.

      --
      You are welcome on my lawn.
    155. Re:The 1% are insulated by Hijacked+Public · · Score: 1

      I've seen Marine artillery shell a city, and I've seen a team of 6 guys with rifles do their thing with gloves off, against a foe far harder than you and your weekend buddies can fathom. I know how it ended and how it will end again. I still regularly shoot against the best of you and I know your poor form. Now would be a good time to pretend you were being metaphorical.

      --
      "Sacrifice for the good of The State" - The State
    156. Re:The 1% are insulated by Surt · · Score: 1

      But disproportionally more resources are exactly what the rich have. And to the other side of my point, my claim is that the cost of implementing these systems is coming down rapidly, to the point where it will soon be affordable for any of the ultra rich to build unassailable fortresses to defend against the mob.

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    157. Re:The 1% are insulated by Surt · · Score: 1

      I would be shocked if the wealthy were not trying to trim the numbers of the poor by the end of the century, to be replaced (where needed) by robotic labor.

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    158. Re:The 1% are insulated by Vancorps · · Score: 1

      Except that's not what is happening. With the wealth disparity only growing you're going to find that the opulence of some is going to cause widespread issues which will and probably are affecting you in ways you don't yet understand. When 99% of a population is feeling the pain of a slow economy I'm not sure you can fault them for wanting the 1% who've only seen their profits and capital increase during this time feel at least some pain of their own.

      I'm also kind of shocked at the memory span during most of the debates I hear about this. All of the arguments about taxation are about repealing the Bush tax cuts and restoring the rates to what they were in the 90s when I think it's pretty easy to say that everyone was doing well. The income disparity during that decade was far less than it is today and I might add, they rich were still quite rich.

    159. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      One form of protest that might work would include:

      1) identify one proxy
      2) drive him totally ouf ot business out of a mixture of
      a) class action lawsuit
      b) boycott
      c) social censure

      I pick Sony! Who's with me?

    160. Re:The 1% are insulated by miltonw · · Score: 1

      What a nice, simple world you live in. You and so damn many others.

      Corporations are Bad.
      People who have or earn a lot of money are Bad
      Republicans are Bad
      And your simple little world is matched on the other side by those who believe the black and white opposite.
      Government is Bad
      Liberals are Bad

      And so on. Absolute after absolute. Everything is simple black and white and you (all the black and white thinkers) have the simple black and white answer.

      Why oh why can't everyone agree with your simple solution to all these black and white problems?

      Your black and white absolutism ensures that there will be no real world solutions because things are not black and white and solutions are not simple.

      Until we recognize there is good in those we've called Bad, and there is bad in those we've labelled Good, we won't make any real progress in finding a real solution.

    161. Re:The 1% are insulated by couchslug · · Score: 1

      The masters will never care unless they have a realistic fear of personal violence. That's why they don't care now, didn't care in the past, and will dole out enough shiny objects to pacify the proles.

      The French and Bolshevik Revolutions had mixed results to say the least, but the did the right thing with their masters and slaughtered them with admirable gusto.

      Conditions in the US will never get that bad and we are already recovering from the Recession, so don't expect any similar disruptive entertainment here. Nothing to see, move along.

      --
      "This post is an artistic work of fiction and falsehood. Only a fool would take anything posted here as fact."
    162. Re:The 1% are insulated by BinarySolo · · Score: 1

      I actually wonder about this. Seems to me that technology has made the 2nd amendment much less impactful. 250 million armed civilians won't get you very far against tanks and fighter jets.

    163. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      "I doubt these protestors have the sophistication or the awareness to see through the bullshit and understand what they're actually opposing."

      Oh but you do because you are sooooo smart. Why don't you get off your high horse and help the cause comrade...we could use your insightful mind!

      Seriously, help out, where on the same side!

    164. Re:The 1% are insulated by thecatt · · Score: 2

      The guy who wrote that article is an idiot. As if voting for one of two identical, corporate-owned candidates or a handful of third-party wackos with no chance of being elected is going to make any difference. He chastises the young for not voting and claims "their influence on politics has vast, untapped potential" that could somehow be realized just by voting. He calls the 2010 election "one of the most critical elections in years that tipped the balance of power in Congress." Seriously, just how different do you think our situation would be right now if every election in 2010 had gone the other way? That's why the protesters are protesting instead of voting, because they know that voting accomplishes nothing when the system has already been gamed to make sure the corporations win no matter what happens in the voting booth. In the US, voting is nothing but the opiate of the politically-minded masses.

      And yes, I did vote in 2010 for one of the third-party wackos, for all the good it does.

    165. Re:The 1% are insulated by Oxford_Comma_Lover · · Score: 1

      You would be very, very far wrong. Good suits are expensive.

      --
      -- IANAL, this isn't legal advice, and definitely isn't legal advice for you. Also, Squee!
    166. Re:The 1% are insulated by Oxford_Comma_Lover · · Score: 1

      This is probably the last time in history that could work. Very soon the 1% will be able to afford robotically defended fortresses. Automated machine gun turrets capable of killing hundreds of thousands will render the anger of the mob irrelevant.

      Machine guns alone did this. The computers just make the will to use them less relevant.

      --
      -- IANAL, this isn't legal advice, and definitely isn't legal advice for you. Also, Squee!
    167. Re:The 1% are insulated by bckrispi · · Score: 1

      That's exactly why we need to hold corporations responsible! Corporations don't have to worry about the law when they can buy their own lawmakers to pass favorable legislation.

      --
      Xenon, where's my money? -Borno
    168. Re:The 1% are insulated by EL_mal0 · · Score: 1

      But when anyone who claims to be happy, healthy, and gainfully employed adds their voice, they get shouted down by the rest (example). The people representing this protest don't represent the 99%.

    169. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      These are the people who give us jobs. Give us the ability to feed our families. They waste more money in one evening than I make in a year.

      But really who cares? They made it.

      They may give you a job, but they made the money buy not paying you the real value of your work. So there's really no reason to be thankful and lot of reasons to care.

    170. Re:The 1% are insulated by marcosdumay · · Score: 1

      Are the cops within that 1% that will call them?

    171. Re:The 1% are insulated by Surt · · Score: 1

      Exactly. Right now you have to find poor people willing to kill other poor people. Soon you won't need any poor people.

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    172. Re:The 1% are insulated by bckrispi · · Score: 1

      Taxation without representation? Yeah, I'm getting that.

      Umm... So long as you don't live in DC you still have Senators and Representatives. So you are being represented. Whether or not you are happy with your representation is another story.

      --
      Xenon, where's my money? -Borno
    173. Re:The 1% are insulated by sjames · · Score: 1

      Huh? I fail to see what this has to do with it. You're probably not a 1 percenter. Are you saying you're their favorite whore?

      And, BTW, I can shoot a steel cable at 50 yards by starlight without a scope, so what? Point 2, I'll bet there would be a bit of collateral damage if the Marines shelled Wall Street. That's assuming they didn't just decide that would violate their oath.

    174. Re:The 1% are insulated by Mad+Marlin · · Score: 0

      98% of us wish that the 1% who are claiming to be the 99% would stop pretending they're speaking for us.

      Best comment in the whole article. Since when did 99% of the world become a bunch of communists/socialists/anarchists/whatever?

      Let's sum up the argument. Rich people run companies that employ you, and those same companies sell the stuff you buy, so therefore you are their SLAVE, and they are the MASTER!

      Umm, no, I'm an employee. The paycheck gets deposited in my bank account every two weeks (OOH, EVIL BANKS). I show up because I think it is an equitable business arrangement. If I didn't think so, then I'd stay home (an option I don't think real slaves ever had: "I don't want to pick cotton today!" Yeah I'm sure that would have gone over well back then.) My employer seems to also think it is a good business relationship, or else they would fire me.

      Same thing goes for the other side. I buy something. I think I'm getting a deal. As a simple example, I bought the keyboard I'm typing on. Could I have made one myself? Possibly, but it would have been quite an effort on my part, and the end product would have probably have sucked. They get money and I get a good product, it's a happy business exchange.

      The principal error in thought for these sorts of people is as such: poverty is a problem, but wealth is not. The latter does not cause the former. They don't seem to get that. That, and they are a bunch of greedy little bastards who can't stand that there are people out there with more and nicer stuff then them. They would rather make everybody a little bit poorer, or even a lot, as long as nobody has more than they do. Do you have everything you need? Then what are you complaining about? If they actually cared about anybody they would be helping out at a soup kitchen or a food bank, not doing this sort of nonsense.

    175. Re:The 1% are insulated by Cl1mh4224rd · · Score: 1

      That's why (in terms of Establishment priorities) it's okay to give them so much media attention.

      Err... Isn't one of the major complaints that the media is giving them almost no attention? Who to believe, who to believe...

      --
      People will pass up steak once a week, for crap every day.
    176. Re:The 1% are insulated by bckrispi · · Score: 1

      Insurance makes sense from a risk-assessment point of view. Chances are, you'll never get out of insurance what you put in to it. Butdo wind up needing it, insurance will make the difference between a minor inconvenience and likely financial ruin.

      --
      Xenon, where's my money? -Borno
    177. Re:The 1% are insulated by bckrispi · · Score: 1

      Aflac!

      --
      Xenon, where's my money? -Borno
    178. Re:The 1% are insulated by Dunbal · · Score: 1

      Really big hurricanes are known to put insurance companies out of business

      You mean, the ones not smart enough to buy re-insurance. Oh wait, even insurance companies can buy insurance. Honestly it's not up to me to research specifically which insurance company is willing to take on the risk for a large power company - but at worst, the power company can always self insure. Of course if they pinch the money in the meantime, just like they pinch the employee's pension funds, then they are up shit's creek without a paddle. I still have zero sympathy for them and there's no reason anyone much less the government should have to "bail" these people out when they don't implement proper disaster planning. OMG Hurricanes in Florida? Whoda thunk it.

      --
      Seven puppies were harmed during the making of this post.
    179. Re:The 1% are insulated by Tancred · · Score: 1

      Agreed on the 1%. Many of the 99% do understand what they're opposing. It's just that they're a spontaneous, leaderless group. If it does gain a figurehead, that will likely focus the message. It does seem that the tea party was funded and co-opted by the 1%, and that could happen to this group as well.

    180. Re:The 1% are insulated by bckrispi · · Score: 1

      Nobody should be receiving the benefit of my labor without some effort in return. I don't care if they're top or bottom 1%.

      It sounds good to say something like "Welfare recipients should still have to work for their checks. Pick up trash, clean up a park, volunteer at a school!" But then you look at the numbers: How do you enforce this law? As a taxpayer, how much are you willing to spend to make sure each and every welfare case is "working"? Are you willing to pay for every single mothers' childcare so she can put in her work? Plus there is the cost in adjudicating the exceptions. You can expect a healthy 25 year old to be able to work. A 50-something in chronic pain management? Not so much. Then, what happens when you get a case who is not in compliance? Do you throw them and their children out on the street?

      --
      Xenon, where's my money? -Borno
    181. Re:The 1% are insulated by NoOneInParticular · · Score: 1

      A corporation is a non-physical entity, and is therefore not taxed. Its owners are. They have representation. That's about all that matters.

    182. Re:The 1% are insulated by Tancred · · Score: 1

      Pick a topic - wall street regulation, consumer protections or stimulus versus austerity. You'll find one party is unified against the regulations and the consumer protections and wants austerity (i.e. anti-stimulus). The other party is split, so even with them having a majority there is at most weak improvement, but at least it can block much of the bad changes the former party would enact. So I reject the idea that they're both equally bad. Work to improve the half-good party and fight against the almost-all-bad party.

    183. Re:The 1% are insulated by Nutria · · Score: 1

      Typical leftist response: "Why aren't you voting for us? Are you too stupid to realize that the economy is all that matters?"

      As if:

      • the PRC, Viet Nam and Cuba and the Eastern Block haven't already realized that Communism is a Great Idea that just doesn't work, and
      • there's more to life than just economics.
      --
      "I don't know, therefore Aliens" Wafflebox1
    184. Re:The 1% are insulated by bckrispi · · Score: 1

      Ok. And that is different from now, how?

      --
      Xenon, where's my money? -Borno
    185. Re:The 1% are insulated by Marxist+Hacker+42 · · Score: 1

      Chicken and egg problem there. Where's the pebcak? Both in the lack of ability of voters to keep out the psychopaths, and the insistence of stockholders to keep hiring psychopaths.
      http://www.oregonlive.com/opinion/index.ssf/2011/10/corporate_political_psychopath.html

      --
      SJW: a person who perceives an injustice, and while correcting it, commits a greater injustice.
    186. Re:The 1% are insulated by Nadaka · · Score: 1

      Fuck communism. I in no way support communism. Your assertion that communism is at the heart of this movement is a bullshit lie, propaganda used to keep the wool pulled over your eyes.

    187. Re:The 1% are insulated by oddjob1244 · · Score: 1

      Just about the only way I can think of to wrest power away from these folks is if the 99% were to stop buying everything for more than 90 days.

      Or show up to the voting booth with the intent to vote out those who don't agree with the 99%.

    188. Re:The 1% are insulated by mrchaotica · · Score: 2

      For instance, feel free to explain how to obtain something as basic as toilet paper without corporations.

      You have framed the question in such a way as to exclude the reasonable solutions.

      In other words, the real problem is not "how do we make toilet paper?" but rather "what else can we use to clean our asses instead?" Off the top of my head, two possibilities would be bidets and washable and reusable towels (hey, it works for diapers...).

      --

      "[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz

    189. Re:The 1% are insulated by Marxist+Hacker+42 · · Score: 1

      But the only reason that is so is because of outright bribery, which *should be illegal but isn't*. Thus giving, at least on an international law level, reason for legitimate violent revolt.

      --
      SJW: a person who perceives an injustice, and while correcting it, commits a greater injustice.
    190. Re:The 1% are insulated by inode_buddha · · Score: 1

      I'm lower-class, and I pay about 3k/year on 20k income. I have no loopholes or deductions available. No, I don't get it back (like my former supervisor thought). FWIW I'm not some starving student, either - I'm middle-aged with several trades and some college, no union. Like many republicans, I hopped on the bandwagon when I voted for Reagan. Thinking the company would take care of me if I took care of them.

      They didn't.

      If corporate taxes were to suddenly drop to zero, do you think that would be reflected in your pay? Nope. However, it *might* make goods and services cheaper, allowing you to stretch your dollar further each month. But I wouldn't count on it.

      --
      C|N>K
    191. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      False. You control those things yourself. If you buy/watch/do something the "%1" wants you to, it's because your desires happened to coincide with theirs on that occasion. You can choose to do something different if you want.

      One person can make a choice ... this makes no difference anymore these days. These days, it takes a critical mass of at least a billion people in order to put into place real lasting change. If billions of people suddenly stop giving money to every single corporation...there would be instant change.

      That is orthogonal to the point I was making, which is that your "they control everything you do" claim is absolutely false. Just because your own choice to buy or not buy a certain product won't make or break a company doesn't change the fact that YOU'RE the one making that choice.

    192. Re:The 1% are insulated by Mana+Mana · · Score: 1

      > It's mostly a problem of identification. The real power-
      > brokers love to be behind the scenes

      He who can destroy a thing, controls a thing. When all spice mining ceases the empire will look toward Arrakis, and will be forced to deal with us.

    193. Re:The 1% are insulated by Marxist+Hacker+42 · · Score: 1

      Knights of Columbus- but this type of insurance is only available to Catholic Parishes that have loans with Knights of Columbus, and it doesn't cover all lost revenue, only the payments on the loan.

      --
      SJW: a person who perceives an injustice, and while correcting it, commits a greater injustice.
    194. Re:The 1% are insulated by Marxist+Hacker+42 · · Score: 1

      Real growth for an electric company is not non-existent. It is directly proportional to the increase in population + new industry being built.

      --
      SJW: a person who perceives an injustice, and while correcting it, commits a greater injustice.
    195. Re:The 1% are insulated by bckrispi · · Score: 1

      Funny you should mention that notion on the 10 year anniversary of the war in Afghanistan. With all the tanks, fighters, smart bombs and drones, you'd think we wouldn't have a problem with guys firing Kalisnakovs from the bed of a pickup truck. Same story in Vietnam That's the error in your reasoning. Homegrown, asymmetrical resistance is damned hard to overthrow, irrespective of how strong your arsenal is. So long as the resistance has the will to continue fighting, conflict will continue. And you'd better believe that a small, lightly armed militia always has the economic advantage over a modern army. Some Taliban spends $200 for a bomb that kills three troops, and our response is to fire a $1.5 million dollar cruise missile to take out the same number of combatants. It's simple math, when you look at it...

      --
      Xenon, where's my money? -Borno
    196. Re:The 1% are insulated by i_b_don · · Score: 1

      MSFT is a company... the communist party in china is a government. You go ahead and try taking down the government of the USA and see how you do, if you want to compare apples to apples.

      Every country has a 1%... I mean that's stupidly obvious. It's like saying "there will always be people who are above average!" Nobody is arguing that we shouldn't have wealth classes in the US, what we're arguing is that the separation shouldn't banana republic large (which it is today).

      d

      --
      all language nazi's will burne in heil!
    197. Re:The 1% are insulated by sonicmerlin · · Score: 1

      Of course our entire economy the world over would also crash. *That* would be nice wouldn't it. At any rate I do find it rather disturbing how many cops surround these events, looking for any excuse to arrest these protesters.

    198. Re:The 1% are insulated by uniquename72 · · Score: 1

      We are most definitely all feeling the pain from this, and that's largely because a majority of us are (or were) living far beyond our means

      Speak for yourself. This isn't why I hurt. This also isn't why people who have lost their jobs hurt. The people who were living far beyond their means got hurt in 2008. Those of us who have been fucked since then are just regular people caught in the middle.

    199. Re:The 1% are insulated by lexman098 · · Score: 1

      I don't agree that she should be shouted down with insults, but you have to admit that her advice of "don't go to college if you can't get a scholarship" is pretty inflammatory. The fact is that to get a salary of even half what she makes is going to require a degree (or two). Decent jobs require a decent education. Would you submit to living at or near minimum wage your whole life because you were denied a scholarship? Student loans used to be, should be, and probably still are worth the risk if your major is anything except art history.

    200. Re:The 1% are insulated by DaveGod · · Score: 1

      Strange, I thought the US code was broadly similar to the UK's employed vs. self employed + IR35 rules, which are quite easy to satisfy if you're genuinely self employed.

      Simply having more than one customer puts it your way. If you don't have more than one customer, frankly it's hard not to see their point.

      For what it's worth, the core purpose of the legislation (UK anyway) is anti-tax avoidance with a side line in preventing companies bypassing employment rights. Being self-employed has tax advantages for the individual and (in the UK...) especially the employer. Done through a company:
      * The effective tax rate comes down to 25% instead of 33% for the individual;
      * The employer's tax rate comes down to 0% from 14% for the employer;
      * The tax regime is more generous (expenses, allowances and reliefs);
      * You can control the timing of income to manage the tax bands;
      * The "employee" loses all employment rights.

      In the UK, it's difficult to see the legislation providing any kind of advantage to corporations.

    201. Re:The 1% are insulated by Coolhand2120 · · Score: 1

      You should change your name to Pol Pot.. I can only hope someone in your family wares a suit and that you show them your comment about how you wish they would be lined up against a wall and shot for no apparent reason.

      And if you're joking: I can only hope someone in your family wares a suit and that you show them your comment about how you joked about how they would be lined up against a wall and shot for no apparent reason.

    202. Re:The 1% are insulated by modecx · · Score: 1

      Problem is, when a technology gets cheaper and more readily available, it gets cheaper and more readily available for everyone. The idea of an unassailable fortress is just about as laughable of an idea as an unsinkable ship, for that reason alone.

      For example, we live in a world where a $100-500 shaped charge / explosively formed penetrator can be a very serious threat to a $5-6 million dollar main battle tank. Even since our prehistory, one relatively common theme is that it's easier to make or concentrate energy than it is to deflect or absorb it. Unless something drastic changes in the field of materials science, that observation is about as good as a fact of life.

      A bow and arrow is much more easy to make than a suit of armor which will defeat it. The old castle designs proved weak when firearms and cannons came about, and fortresses evolved to withstand frontal attacks from massive cannons. Cannons evolved into artillery and the idea that large, permanent installation could keep a determined enemy indefinitely at bay died shortly after.

      It'd be cheaper and ultimately more effective for your ultra rich to simply buy the mob's good will, and try to otherwise go unnoticed.

      --
      Constitutional rights may be respected, repealed, or modified; but they must never be ignored.
    203. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      G: Fuck you. You are in the upper one percent of slashdotters...take your four digit fingers and fuck yourself. I kid the G.

    204. Re:The 1% are insulated by Sponge+Bath · · Score: 1

      Yes, and the aristocracy should be relieved of its tools as soon as possible.

      Lorena Bobbit reporting for duty!

    205. Re:The 1% are insulated by Nutria · · Score: 1

      What else -- other than fascism -- is the ultimate result of ever-increasing government control of the economy?

      --
      "I don't know, therefore Aliens" Wafflebox1
    206. Re:The 1% are insulated by Swave+An+deBwoner · · Score: 1

      Do you throw them and their children out on the street?

      I see somebody who didn't get an invitation to the tea party :-)

    207. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      The protest makes about as much sense as a monkey fucking a football. Entertaining to watch for a few minutes, but after that, it is just awkward.

    208. Re:The 1% are insulated by Joe+Tie. · · Score: 1

      It always amazes me that more people don't realize this. When people ask themselves what they'd do if they won the lottery and found themselves with a mountain of cash, the answer is seldom "I'd go sit behind a desk every day in an suit while dealing with a never ending stream of office politics!" Yet they somehow think that people at the very top of the financial world are doing exactly that. To be fair, some do. More just try to project that image as PR. But the vast majority are dressing for comfort and leisure. They don't want people bothering them, they want to just blend and relax in a life of leisure.

      --
      Everything will be taken away from you.
    209. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Deus Ex is a sci fi video game, dude, not real life...

    210. Re:The 1% are insulated by scot4875 · · Score: 1

      When it's a Tea Party populist movement, it's a good thing. But when Obama is a "populist president," it's a bad thing. When it's some unapproved mass of people protesting Wall Street (you know, one of the very things that the Republican and Tea Party claim to not like) they don't speak for you. It's great how you guys get to play both sides of the fence.

      What's really fucking sad is that you guys can't even see that we're all on the same side.

      --Jeremy

      --
      Jesus was a liberal
    211. Re:The 1% are insulated by Surt · · Score: 1

      Well, if you aren't afraid of robotic fortresses but are still sleeping too well at night, consider the rate at which the price of building a custom virus that kills everyone missing some (e.g. family) genetic marker is falling.

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    212. Re:The 1% are insulated by mug+funky · · Score: 1

      even if one of the two parties were perfect, the balance is such that nothing would ever get done because it would be blocked in the upper house.

    213. Re:The 1% are insulated by Austerity+Empowers · · Score: 1

      While the technology to create such a fortress surely will come soon, I have real doubts about the technology to maintain such a fortress. The rich cannot sleep well as long as the poor serve their needs.

    214. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      I firmly believe that if you took the whole country and shook it upside-down and everything started from scratch, you'd see mostly the same group of people at the top 1% within a relatively short period of time. There is a reason that some people rise to the top, and I don't buy that the majority of them are there "just cause." Most of the people who rose up rose due to combinations of skill, work ethic, aggressiveness, etc. There are some bad qualities in there, for sure. I'm sure you can find more than your fair share of backstabbers, sociopaths, etc. But they're also in great supply within the other 99%.
          People love to have someone to blame for why they're not doing better. People love to imagine that the top 1% sit on their asses and swill champagne and caviar on their private yachts for most of their undeserved lives. Reality is most of them work really hard and have skills and talents that when mixed with their work ethic and a capitalist economy allow them to prosper.
          The whole demonization of success as sheer greediness has really begun to irk me. This is not a productive attitude we are fostering in our ranks - to hate those who have more than us. It's not as though Apple, GE, Proctor & Gamble, Motorola, Disney, Texaco, and Exxon-Mobile stole the money out of our pockets. We chose to buy their products. There are and always have been alternatives. If anything, the place where we lack sufficient alternatives is in our choices for elected officials. Both parties are much more alike than different, and they've passed most of the laws that have eroded the free enterprise system in favor of subsidies and affirmative action and otherwise tampering with market driven effects. And the rest of us forgot that we can vote with our wallets.
          But, by all means, blame the bankers.

    215. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      See, mrchaotica, you are one of the one percenters. Your plan eliminates good Union paper http://en.wikipedia.org/wiki/Graphical,_Paper_and_Media_Union jobs and shows that you are too greedy. No, seriously, this kind of abject intelligence is too much for most /.ers. Instead of thinking outside of the box just create the factory and sales channels to manufacture boxes.

    216. Re:The 1% are insulated by Joe+Tie. · · Score: 1

      You get a slice of the pie by being born into it. Yes, people can make it there by hard work and a lot of luck. But people make it into there by winning the lottery as well. Doesn't mean it's someone anyone should place actual hope on. The real world situation is that most people can rise up one rung on the socio-economic scale in their lifetime from hard work. And that's about it. As for getting up after a fall, it's easier said than done after a while. The kind of effort needed to make any real advance is a young person's game. Family, diminishing health, and a brain that's quickly becoming more and more incapable of making new connections are just a few out of many things which make an already minuscule chance even more so as one gets older.

      --
      Everything will be taken away from you.
    217. Re:The 1% are insulated by EL_mal0 · · Score: 1

      After I posted I realized that I should have chosen a different "dissenting" post. There are a few on there, and they all have led to similar angry and insulting comments. I guess my point is that I do feel bad for these people in dire straits. I really do, especially those who are in a tight spot by no fault of their own.

      The thing that bugs me is that they are claiming to speak for the entire 99% (implying it, at the very least). If you have a college degree and no job, yes, you are part of the 99%, but your sad story is more about the 5.4 percent than the 99. It drops to being 4 percent for all those on there who claim a master's degree (chart). So stop saying that you were lied to about education; those claims are demonstrably false. And stop saying you have no future. For the vast majority of those posting their stories, this is a rough spot, longer than most, but we'll get through. It is those sorts of claims on that blog annoy me greatly. As does the opposition to the people (like me) who are part of the 99% and are okay with life, for the most part.

      Now, I recognize that there are many, many parts of our system that are beyond screwed up. Reforms are needed. But the people who are posting pictures of their stories do not represent me. I am the 99%, and I'm doing fine.

    218. Re:The 1% are insulated by mug+funky · · Score: 1

      how are those roads working out for you? driven on one lately?

      dickhead.

    219. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      The reason you have to go to college to get a good job isn't necessarily the amount of knowledge involved in the field.

      It's largely about staying competitive with all the other people who went to college. Their reason for going? To compete with those who went to college.

    220. Re:The 1% are insulated by dryeo · · Score: 2

      In 1772 a slave successfully used habeas corpus in England. ( http://en.wikipedia.org/wiki/Somersett's_Case ). Quite possibly the American slave holders looked at this decision with horror along with the increasing English dislike of slavery. How much this influenced the Revolution is hard to say but it may have.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    221. Re:The 1% are insulated by BitZtream · · Score: 1

      Corporations have this things that exist inside them called people, those people can vote. Thats how they get to voice an opinion.

      What you are suggesting is that the people running the corporations get multiple votes, one for themselves, and whatever they can buy with profits.

      People get to vote, not corporations.

      --
      Persistent Volume manager for Kubernetes - https://github.com/dwimsey/openshift-pvmanager
    222. Re:The 1% are insulated by binarybum · · Score: 1

      The change you'd see is you'd be 90days short of stuff you wanted/needed and some of the people that made that stuff that you wanted/needed might not be around anymore to provide it when you were done with your spending hold ended. However, that's assuming everyone drank the koolaid and participated in a spending hold. I'm in full support of you trying to organize this though - if enough people participate I'm going to capitalize on the shift in supply/demand and buy all sorts of stuff on the cheap. I'll sell it back to you at mark-up when your 90 days are over.

      --
      ôó
    223. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      simple, its called a time clock, you dont punch in, you dont get paid.

    224. Re:The 1% are insulated by ganjadude · · Score: 1

      why not? a teacher can become a tutor, or open their own private school, a nurse can teach others to become nurses, or go back to the old time door to door health care that is missing these days.

      --
      have you seen my sig? there are many others like it but none that are the same
    225. Re:The 1% are insulated by BitZtream · · Score: 1

      Uhm, do you live in Florida?

      Do you have any fucking clue how much it costs to get insurance for hurricane damage in Florida?

      Yes, you can do it, but its so ridiculously expensive that you're an idiot for doing so. You're far better off to just build a few miles inland where you don't have to worry about the worst bits of hurricanes. If you do build on the ocean or close to it, you pretty much just have to accept that you're going to rebuild your house once every 20 year or so and just put money away for that purpose, it'll accomplish the same thing and cost 25% the insurance prices.

      --
      Persistent Volume manager for Kubernetes - https://github.com/dwimsey/openshift-pvmanager
    226. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      I already have started. I grow a lot of veggies (you should see my food bill in late summer/early autumn - I save a fortune). Next year we're going to start keeping chickens, which will help cut down on the cost of basic meat and of course eggs.

      Do you provide your own seeds and fertilizer? Do you tend those plants using tools you constructed yourself out of materials you harvested yourself? If not, then you haven't stopped or even lessened your use of corporations to obtain things, you've merely changed the particular set of corporations you've used. That's not to say that what you're doing isn't worthwhile, but don't kid yourself - you're rely on corporations just like us city mice.

    227. Re:The 1% are insulated by BitZtream · · Score: 1

      Electric companies grow by doing more with less.

      Efficiency innovation is where the electric thrive or die.

      --
      Persistent Volume manager for Kubernetes - https://github.com/dwimsey/openshift-pvmanager
    228. Re:The 1% are insulated by Anonymous Coward · · Score: 1

      Should they not then be protesting Congress for allowing IBM to buy the regulation? Shouldn't we be protesting for lobbying reform? No, of course not. It's easier to pick on bankers. This is why most of us think the protest is dimwitted and foolish. It's not protesting anything which could be changed to make any real difference.

    229. Re:The 1% are insulated by horza · · Score: 1

      But without the Tony Benn spin. The implication by the leading statement is that industrialists and bankers control the country against the will of the people.

      However, "As a minister, I experienced the power of industrialists and bankers to get their way by use of the crudest form of economic pressure, even blackmail, against a Labour Government". Then "These lessons led me to the conclusion that the UK is only superficially governed by [the Labour Government]...".

      So as myurr points out, the insulation against the easily bought Labour MPs is the continuity of the civil service.

      Phillip.

    230. Re:The 1% are insulated by Dunbal · · Score: 1

      Do you have any fucking clue how much it costs to get insurance for hurricane damage in Florida?

      Yes I do. I've had a condo on the beach in Boca Raton since the 1970's. You realize that if you can't afford to live there, maybe you should live somewhere else, right? Insurance is part of the cost of living there. If you choose to ignore it, well, you have to live with the consequences of your lack of administrative ability.

      --
      Seven puppies were harmed during the making of this post.
    231. Re:The 1% are insulated by i_b_don · · Score: 1

      Corporations interjecting themselves into the political process is bad.
      Legalized corruption (i.e. campaign contributions) are bad.
      Massive wealth inequality is bad.
      Unequal/low quality education options for low income kids is bad.
      Worshiping profits and our pocketbooks more than education and the environment is bad.
      Propaganda journalism is bad.

      However the truth is that these are all gray area issues and IMO the pendulum has just swung so far in one direction it's not worth pointing out the nuances.

      The only real "simple" solution is simple in action, but very difficult to implement with our current political process. The simple solution is in campaign finance reform. The reality is that whoever pays for a politician is making an investment in said politician. The person who pays their bills has leverage over them and that leverage should be from the people, not from the elite or from companies. If you make politicians accountable to the people then overnight you'd turn around the government of the US. For example, if you said each and every person has $100 (pick the number) to give to any politician or politicians running for office and that was it ... no corporations, unions, political groups, etc are allowed to put in any money...then overnight the government would less corporate friendly and more people friendly.

      The world is nuanced, but details don't make for good chants at rallies.

      d

      --
      all language nazi's will burne in heil!
    232. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      I'd change the numbers to 85% of us wish the .001% who are claiming to be the 99% would stop pretending they're speaking for us.

      What seems to be lost in all of this is that the government sets the rules for what banks, wall street, etc. are allowed to do. You shouldn't protest folks who, for the most part, are abiding by the rules they've been given. Protest the rules. And, please clearly state what should change, not why it should it change.

      If a policy creates income inequality, change the policy, don't simply take money from those who benefited from a bad policy.

      The economic downturn we are in now was not caused by banks or wall street. This is where the protestors have it all wrong. The economy has ridden through two huge bubbles, tech and stock bubble of 97-00, and real estate bubble of 05-08. These bubbles are connected. Yes, lenders made it easier for home buyers to prop up the bubble, and yes, some banks made some very bad bets. But none of that would have been possible without the underlying bubble of real estate. The main cause of the real estate bubble was easy money, easy credit, and a tacit understanding of lending agencies that bad debt is covered by the Fed.

      The bubbles' burst created bad economic times that give the appearance that things aren't fair. The acrimony is not well placed, however. The lies told about income inequality are repeated so often that we begin to believe them. Even college educated folks who don't understand economics or politics can get easily swayed by populist arguments that are totally bogus.

    233. Re:The 1% are insulated by optimism · · Score: 1

      It really is not so surprising.

      The American mainstream media image of "rich" is a total fabrication, pushed onto the masses to get them to buy more stuff. Buy a McMansion, Mercedes, Rolex, etc...and you will feel rich!

      The real rich could give a rat's ass about such superficial trappings. The most valuable commodities are their comfort, time, and freedom to do whatever they want, whenever they want.

      That last bit may seem hard to achieve without lots of money. However...comfort, time, and most reasonable freedoms in this world can be achieved without much money...unless you are too busy chasing after money, to focus on what the rich finally realize is most important... ;)

      Live in Switzerland for a while, and it will all make sense.

    234. Re:The 1% are insulated by horza · · Score: 1

      In France nearly all the French leaders come from the same school. All the supposed competing candidates went to school together (even the extreme right leader Le Pen). The current leading Socialist leader had as one of his primary competitors for the post his wife! Chirac and Mitterand were crooks, embezzled millions of public money, yet remain national icons.

      Ironically the real revolution was in England, where anybody from any walk of life can become Prime Minister, despite remaining a monarchy. People may joke about "public school" Cameron and Clegg but a quick wikipedia search will show a wide range in backgrounds of previous leaders.

      Revolutions don't have to happen in the space of a year, like the French Revolution or the Arab spring.

      Phillip.

    235. Re:The 1% are insulated by BitZtream · · Score: 1

      You go ahead and try taking down the government of the USA and see how you do, if you want to compare apples to apples.

      If you take a look at Late December last year/early January of this year in egypt looked a lot like we do now actually, slightly different reasons of course but none the less.

      While I think its unlikely our government will fuck up enough to end up like Egypt, it would be really easy to do right now if they keep acting like douche bags on television and radio making it clear they don't give a fuck.

      Its one thing to know they don't give a fuck and want to screw us as hard as possible, we get pissed when they brag about it in our faces.

      --
      Persistent Volume manager for Kubernetes - https://github.com/dwimsey/openshift-pvmanager
    236. Re:The 1% are insulated by Rakarra · · Score: 1

      I'm lower-class, and I pay about 3k/year on 20k income. I have no loopholes or deductions available

      Yes you do, the Standard Deduction. It's just the case for most people that their itemized deductions are small enough that the standard deduction covers them.

    237. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Bravo, well said.

    238. Re:The 1% are insulated by prostoalex · · Score: 1

      Amen, someone posted an infographic for just you what said
      http://pics.livejournal.com/ivan_gandhi/pic/0003e1gb

    239. Re:The 1% are insulated by Doc+Ruby · · Score: 1

      Are you self employed? Is your income under $105K? That's the only way you're paying 15% FICA.

      Are you ineligible to vote? That's the only way you're not getting representation. Unless you're simply voting with the minority of voters - or not voting.

      --

      --
      make install -not war

    240. Re:The 1% are insulated by Doc+Ruby · · Score: 1

      The FICA income spent on the regular budget is borrowed from SS, and repaid with interest twice a year on the maturing bonds. That's how come people have reliably received their SS checks every month for the past half century.

      Spending the borrowed money on military/intel waste instead of investing it in the earning power of FICA payers is indeed a travesty. It's why the system is in so much debt. But the FICA/T-bond/SS cycle isn't at all the problem - it's sound. It's the diversion into destructive expenses that is killing us.

      --

      --
      make install -not war

    241. Re:The 1% are insulated by Doc+Ruby · · Score: 1

      Why are you still a Republican?

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    242. Re:The 1% are insulated by Pino+Grigio · · Score: 0

      What are you talking about? "London Youths revolution"? What complete rubbish. It was no such thing. It was kids throwing bricks through shop windows and stealing trainers. It started because a violent drug dealer, thought to be armed, was shot by police. Is that the kind of "working class hero" the "yoof" are looking up to these days? By all means have a riot over living conditions, or social justice, or anything like that, but to have one because a criminal who had himself spent a lifetime causing misery was killed is a completely empty cause. If he'd been killed by one of his fellow criminals, nobody would have batted an eyelid. You disgust me.

    243. Re:The 1% are insulated by BitZtream · · Score: 1

      Actually, yea, it is.

      A nurse isn't going to start a hospital, but there are other things that can be done, such as in home care or house calls for certain things, giving flu shots at a local small scale pharmacy some times, not my profession but I can think of two people I know who are RNs and work for themselves.

      A teacher isn't going to start a public school, but they can still do other things such as private tutor or start their own secondary education facility to do special education, group tutoring, or other various bits of things. There are many things a teacher can do without being at a school. My sister-in-law has been basically a 'teacher for hire' for the last couple of years doing all sorts of things for local schools and universities. So far it seems to be more profitable, rewarding, and less stressful than when she taught school here. Mind you, she already knew a lot of people here when she started doing what I'd describe as contract work.

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    244. Re:The 1% are insulated by horza · · Score: 1

      Untrue. I inserted "Labour Government" rather than MPs as they came in with an overwhelming majority in the House of Commons. Therefore my point holds.

      Phillip.

    245. Re:The 1% are insulated by G · · Score: 1

      ROFL

    246. Re:The 1% are insulated by Nadaka · · Score: 3, Insightful

      I am not asking for ever-increasing control of the economy. I am asking for some social justice, some equity, some defense for the common man against the abuse of those in power. What I want is a well regulated capitalist economy where the government is of the people and for the people. That isn't communism, it isn't fascism, and it isn't a Laissez-faire anarchy or feudal plutocracy that libertarian ideals inevitably lead to. It is capitalist with a stabilizing influence of socialism where you are never punished for getting rich, nor are you punished for being poor or middle class.

    247. Re:The 1% are insulated by MxTxL · · Score: 1

      That's generally the problem when you have blind, stupid, unfocused rage that lacks understanding and a strong sense of constructive purpose. That's why (in terms of Establishment priorities) it's okay to give them so much media attention. It's little more than a way to get the "troublemakers" to identify themselves and be arrested or otherwised put through the system.

      It is and this is typically why a lot of populist citizen movements fail. Once they identify themselves to an agenda, the establishment can label them as one side or the other and split them apart on wedge issues. It's critical for this movement to not pick stands on issues if it wants to prevent it's ideal from being wedged.

      The one thing they want, and 99% of us should be able to agree on is equal access to democracy without being marginalized by the people with money. My one vote counts the same as a 1%er's.

    248. Re:The 1% are insulated by jmorris42 · · Score: 1

      > Would someone please please make Exxon et al. at least pay 10% of what they make

      Uh, even the Center for American Progress (i.e. Soros) is bitchin that they 'only' pay 17.2% and their numbers are suspect... and that number is just corporate income tax, it doesn't count extraction royalties paid to various governments, property taxes, payroll taxes, excise taxes, etc. They pay a crapload in taxes. Just ask Google, they will point at a Washington Post piece on the subject if you ask "Exxon taxes".

      As for the rest of your post about trying to avoid dealing with 'the corporations' it is just laughable. You want a solar system to avoid paying the electric company. And where do you think the panels, controllers, batteries, etc. in that solar system would come from? Big corporations, mostly in China. Modern civilization is built on the idea that specialization and division of labor increases productivity and thus gives us the consumer bounty and wealth we currently enjoy. Just how much time are you expending reinventing so many wheels? How much more wealth would you create for yourself if you put that time into whatever skill you actually enjoy and are valued for instead of low volume gardening? Unless of course you LIKE gardening, then go for it since everybody should have a hobby.

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      Democrat delenda est
    249. Re:The 1% are insulated by G · · Score: 1

      I'm not really contributing at this point (not spending time with my family, apparently. . .strict time management includes them). However, just to clarify, I'm pushing 45 - so no spring chicken here. . physically anyway. Mentally, I work hard to keep it agile and relevant.

      The one thing I am getting from all this is that there is a lack of hope and even reasonable optimism. Something that can probably mostly be placed squarely on the media of today and nothing that can be rationally resolved with mere discussion here. Lot's of good points all around, but not much faith in the individual and a seeming overriding desire to see solutions come from elsewhere. I'll keep fighting (or succumbing as somebody said) my fight (or surrender) in my own way and at least know I gave it a shot for better or worse ; )

      Great discussion and mostly above the belt, cheers for that!

      The G

    250. Re:The 1% are insulated by Omestes · · Score: 1

      Right... If you aren't a Tea Partier or a Libertarian your a communist. Good "Us vs. Them" mentality, that mode of thought has lead to nothing but goodness.

      I think Communists are as big of niave utopians as the Tea morons and the Libertarian sociopaths. Anyone who is 100% convinces that they are correct, and feel entitled to force their opinions on others are the enemy.

      --
      A patriot must always be ready to defend his country against his government. -edward abbey
    251. Re:The 1% are insulated by DeathElk · · Score: 1

      What the fuck is a "wadge"?

    252. Re:The 1% are insulated by khallow · · Score: 1

      Benn is far from a disinterested observer. It's in his interest to downplay his power and exaggerate the power of his foes. In my view, that's exactly what he does here. It's not a serious evaluation of corporate or government power.

    253. Re:The 1% are insulated by Omestes · · Score: 1

      Every country in the world, throughout history, was a bunch of commies then. By your reasoning. There has never been a 100% free market, there never will be one. And as economies spread and evolve new regulation is always necessary (to keep up with change and abuse).

      A totally free market sounds like hell. I personally don't miss the days of child labor, Pinkertons, and The Jungle.

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      A patriot must always be ready to defend his country against his government. -edward abbey
    254. Re:The 1% are insulated by flonker · · Score: 1

      What's worse, Florida insurance companies are limited as to how much profit they can make. In response, they "reinsure" their policies. Meaning, the reinsurance company makes the huge profits from overinflated prices, while the insurance company of record makes the legally mandated amount of profit and passes the reinsurance price on to the consumer.

    255. Re:The 1% are insulated by BitZtream · · Score: 1

      1) Thats not yet possible actually, so the price is currently infinity, its got an infinite distance to fall before it matters.
      2) If you kill everyone but your own family, then you have to do the work to survive in the world yourself, not exactly the best course of action. Being rich means nothing if no one will take your money.

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    256. Re:The 1% are insulated by Anthony+Mouse · · Score: 2

      Once we've met each other, working out the details is remarkably quick.

      Is it, though? Do you even agree on the broad strokes? Or do half of you want lower taxes and the other half want more government spending?

      The problem is that people spend all their time arguing about the broad strokes and they never even get to the details, even though the details are what matters.

      Let me give you an example: If you buy an ownership stake in a corporation (say 100 shares of stock), there are two main ways you can grow your money. The first is by the corporation paying a dividend (that is, giving the shareholders a share of the profit), the second is by holding the stock until its value goes up and then selling it for more than you paid. In theory you should be pretty agnostic as to which form your money comes in: If the share price goes from $10/share to $11/share, that should make you exactly as happy as if you were paid a dividend of $1/share and the share price stayed the same. If you want you can use the dividend to buy additional shares, or sell some of your shares if you want to use the money for something else -- the form the gain comes in would not matter to you.

      In comes the tax code. It turns out that those gains get taxed, and the form of the gain changes when the taxes are owed. If a corporation pays a dividend then the shareholder owes income tax on it immediately. If the share price goes up, you don't have to pay tax on the increase until you actually sell the shares. Suddenly shareholders strongly prefer to make their gains in the form of increasing the stock price and not dividends, because it allows them to to put off paying the taxes for many years. In the meantime the money they would have paid is invested and collects returns.

      So no big deal, right? Without the tax, when a corporation made a profit they would have issued a dividend and a stockholder who wanted to reinvest the money would just buy some more shares of one stock or another. Now the corporation takes the money and invests directly, which means they're holding more assets and their share price goes up, and the stockholder who wants to spend his gains instead of reinvesting them just sells a few shares to do that. Big whoop.

      Except that it turns out to change the way the whole economy works. GE has been known to make more money from its investments in other companies than it does from its own operations. More to the point, it takes the decision of what to invest in out of the hands of investors and into the hands of the executives of big corporations, for all the money that would have otherwise been issued as dividends. All the small and medium businesses that would otherwise have been independent competitors to the big companies suddenly become their wholly owned subsidiaries, because the big companies have to buy something with the money their shareholders don't want as dividends, so why not competitors?

      On top of that, it makes it impossible to run a stable company with no growth. Look at the publicly traded telecoms and cable TV providers. They're public utilities -- it's the basic model of a company with minimal growth potential. You have a local monopoly, you have X customers, every month they pay you money and what you sensibly ought to do is issue whatever you have left after operating costs and upgrades as a dividend to your shareholders. But the tax code makes the shareholders not want dividends, it makes them want your stock price to go up. So you buy competitors in other regions, you buy NBC, you buy cellular companies, etc. You have to keep your company growing so the stock price can increase.

      And it doesn't end. Is AT&T big enough to make the shareholders happy? Of course not. They want further growth, which means further acquisitions. The death of small companies, media consolidation, etc. Because the tax code taxes dividends differently than capital gains. Is that the sort of thing some mob full of art historians and retail sales people is

    257. Re:The 1% are insulated by khallow · · Score: 1

      Countries are not in existence for corporations. They are in existence for their *citizens*. Corporations *should* get short shrift in the law making process.

      Conclusion does not follow. Corporations are owned by citizens of some country, hence, they inherit the rights of those owners. Further, even in cases where owners are foreign, there's reciprocity which typically requires one to respect the rights of foreigners so that their citizens have their ownership rights respected in that foreign country.

      There should not be *any* voice in government for corporations until they can have the exact penalties enacted against them that individuals can.

      Why? Corporations aren't people.

      If a corporation is convicted of fraud, they can't do business for 3-5 years...until the CEO gets out of jail himself.

      Usually such fraud is either face-saving for the government and its benefactors. When the crime is legitimate fraud, then the business typically closes permanently.

      The fact that any corporate money is allowed in politics is nothing but pure bribery.

      So what? Calling it "bribery" doesn't mean it shouldn't exist.

    258. Re:The 1% are insulated by anagama · · Score: 1

      I'm sorry but you make it sound like SS gets money back from some entity that isn't the US citizenry. This is like taking your paycheck, then writing yourself a check for a portion of it, spending all that is left, then spending that check you wrote to yourself claiming you'll pay yourself back out of next week's pay, and then saying you are saving money. The money that gets spent in the regular budget is gone for good. There is a debt obligation left, but the people who will pay that debt are not the people who got that money, the payors will be the same tax payers who lent it out. It's like paying twice while Haliburton runs off with the money from the first payment cycle.

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      What changed under Obama? Nothing Good
    259. Re:The 1% are insulated by BitZtream · · Score: 1

      I've seen a couple guys in an inflatable raft damn near sink a destroyer and one guy with a cell phone and some ingenuity blow 6 guys AND THEIR HUMMER to oblivion. Don't be so cocky.

      Fighting a war as a soldier is one thing, an occupation, as the last few years we've been in the middle east should show you is ENTIRELY DIFFERENT than a war. You can be far more advanced and still get your ass whipped for a number of reasons.

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    260. Re:The 1% are insulated by Doc+Ruby · · Score: 2

      Corporations are taxed, but only on their profits. At least, on the profits they're willing to admit.

      But corporations subtract from their profits property they buy, even if they don't sell it or use it to contribute to profits ("nonperforming assets"). Like a nice building, or a jet, or a "conference retreat", or other property that could be much cheaper or not owned at all. Because its owners use that property. Without paying taxes on that income.

      Humans sell their labor to corporations. If a human owned a corporation that contracted with an employer for their work, a corp that owned their car, their business clothes, bought their lunch and gas, that would be prosecuted by the IRS as income tax evasion. If the corp owned their house and fed, clothed and educated their family, even at the percentages deductible by "real" corporations, the IRS would be even more swift and punitive.

      Corporate taxation is a scam. Corporations cost the public a lot of money, more than the average human, even in just the token oversight and legal system operations. In fact since corporations are creations of the state, and are natural places to do accounting and payments, and should be much easier than humans to prevent from transacting finance, corporations should be the only entites taxed. Or at least switch to sales tax, exempting human necessities, and tax all the business transactions that would hold corporations paying for human life, rather than the unjust opposite.

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    261. Re:The 1% are insulated by BitZtream · · Score: 1

      The new 1% will be significantly more cautious to start with. Its a cycle, its happened before and will happen again ... seriously, look at the history over any 200 year period in any country since the recording began. Same thing, everywhere, all the time.

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    262. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Why would I want corporations to see their income statements go to zilch? So I can lose my job because the company I work for can't afford to pay me?

      Governments don't create (most) jobs, corporations do. The more financial strain on a corporation (whether from boycotting or taxes), the fewer people they can employ.

      Corporations are not the 1%, they are just run by the 1%. They employ the 99% - that's an important fact that anti-corporate people always seem to forget. The 1% can have their money if it means the 99% can have their money (and jobs).

      What the 1% should not have is any more political influence than somebody like me (a nobody). Same for corporations.

    263. Re:The 1% are insulated by Doc+Ruby · · Score: 1

      On the average - across large populations of events. Most people don't have large populations of risk events. Insurance is useful for policyholders who have a risk below 50% of losses equal to or greater than their insurance costs, when the policyholders don't know whether they're the ones among the average who will take the damage when the risk materializes on them.

      There is a difference between, say, health insurance that covers catastrophic risks vs some that merely covers routine, expectable risks. Catastrophic risks must be spread across larger populations, amortized across many people who won't take damage for reimbursement, so those who are damaged can be protected from catastrophe - when any one of those people might be the ones. That's what people think of when they think of insurance. Like car liability insurance, where one mistake (even by someone else, combined with a mistake by a court) can cost more than someone can ever pay. But routine health insurance, like collision insurance on cheaply replaceable cars, is simply expensive financing. It's better done by direct credit when the damage comes: simpler, cheaper, and creating some kind of equity (eg. better credit rating) when repaid properly.

      Natural disasters are properly protected from by insurance, at least on humans. Corporations that have large exposures to them, over large geographies and/or long times, should pay for the damages out of credit or operating profits. Instead they're better equipped to pass those costs to humans outside the corporation, either through raised prices when the consumer can't switch, or through an insurance (private or government) system they're better equipped than individual humans to negotiate with or just make crooked.

      Government bailouts in general should be made only when the state must protect a vital strategic interest. The bailout should always bear interest proportionate to the risk of non repayment. And any bailout should be followed by a regulation cycle that removes that proven catastrophic risk from threatening the vital strategic interest. Like increasing competition and lowering risktaking within the industry that forced the bailout.

      Of course, none of that is how we do it. Even after the most blatant lessons during the past few years, we're not changing anything. Yet another version of the reasons people are camping out at Wall Street and their local version of it.

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    264. Re:The 1% are insulated by Doc+Ruby · · Score: 2

      Electric companies are monopolies that charge whatever the officials they bribe let them. What socialist utopia do you live in?

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    265. Re:The 1% are insulated by Slashdot+Parent · · Score: 1

      "Consultant" is just an invention of big business which allows them to underpay workers and not give them any benefits. I get a kick out of people who think that "consultant" is some sort of elevated status when in fact it's just a sign on your head that you have been bent over a desk and well and truly fucked.

      Many years ago when I went from W-2 to consultant, I tripled my income. Don't project your shitty negotiating skills onto the rest of the population.

      --
      They don't grade fathers, but if your daughter's a stripper, you fucked up. --Chris Rock
    266. Re:The 1% are insulated by NeoMorphy · · Score: 1

      And who do you think is going to maintain those automated defenses? It's not like the aristocracy are technical geniuses. They'll need to pay their weapons admins a lot of money, otherwise those weapons might suddenly self destruct. And if they don't figure out how to hire highly qualified people, instead of losing money, they'll lose their heads.

    267. Re:The 1% are insulated by LanMan04 · · Score: 1

      I'm so glad I have two small children now. /s

      My life is well and truly fucked.

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      With the first link, the chain is forged.
    268. Re:The 1% are insulated by Nutria · · Score: 1

      feudal plutocracy that libertarian ideals inevitably lead to.

      We agree on something!! :)

      It is capitalist with a stabilizing influence of socialism where you are never punished for getting rich, nor are you punished for being poor or middle class.

      Except that I see "ever-increasing control of the economy" as the end result of the government-mandated desire for "some social justice, some equity, some defense for the common man against the abuse of those in power."

      Sadly, I see only feudal plutocracy as the ultimate (but not linear from here directly to there) outcome.

      --
      "I don't know, therefore Aliens" Wafflebox1
    269. Re:The 1% are insulated by Nutria · · Score: 1

      If you aren't a Tea Partier or a Libertarian your a communist.

      I used to think that there was a middle ground, but I've come to realize that the end result of social democracy is strong government control and that equates to either Communism or Corporatist Fascism.

      Remember two important maxims:

      • "The road to Hell is paved with Good Intentions" and
      • "The normal condition of mankind is tyranny and misery."
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      "I don't know, therefore Aliens" Wafflebox1
    270. Re:The 1% are insulated by Doc+Ruby · · Score: 1

      No, it is not like what you say. Because in between the Federal government collects taxes on a grown tax base, like I said. The huge Federal government in its many parts, and the huge US economy in its many parts, the vast numbers of Americans spread across multiple generations between starting FICA payments and retiring, is not like you writing yourself a check. It is like one person writing another person a check, but in very large numbers, across long periods, in amounts that repay extremely safe loans, that were invested to produce the interest paid back.

      The problem, like I said, is that in between the Federal government is wasting the money on military/intel waste and corporate welfare that reduce growth of the tax base that pays it back later.

      The fact is that SS pays more out than was paid in, in interest that is totally safe like nothing else is. The fact is that before SS old Americans starved and froze to death, and now mostly don't.

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    271. Re:The 1% are insulated by Ungrounded+Lightning · · Score: 1

      I know a lot of programers that are independent contractors. What they do is set up a corporation,

      And if they and/or their family own more than 50% of the corporation the corporation is treated as a sham.

      If this is the one I think it is, it's the reversal of the "safe harbor" provision of the tax law. Under that provision, if you say you are an independent contractor, it's assumed you are. So whomever hired you is NOT responsible if you don't send in your withholding/quarterlies or don't pay your income and social security taxes.

      After the law passed, the assumption was that you - programmer, maid, store clerk "associate", etc - are actually an employee of your client. Even if you set up and are billing through a corporation or LLC. Your client is on the hook for your taxes (and penalties) if you don't pay up.

      After a few major companies who thought they'd paid off a bunch of pricey contractors (who didn't pay their taxes) got socked by the IRS, nearly doubling the cost of those guys' work, most corps and other major consultant-users would hire independents. They would only go through a middleman firm. And such middlemen take a hefty cut. (Lowest I've seen is 15%, when I brought a customer and contract to a firm to handle the middleman stuff. Usually it's a BUNCH higher.)

      Now there's no REQUIREMENT that a company not deal with you directly. And a few will take their chances. But for most of us, forget it. And the "less than half ownership" requirement to keep the tax man off your client's back means you don't control the company. So you're not an artisan. You're a serf.

      The only contractors I know of who come even close to independence are a pair of guys, very close friends, who put together a two-man company and (I presume) sold off a sliver of it to somebody else.

      For myself, since the law change I've only consulted through firms and have done most of my work as salaried. Salaried is a big cut in pay: ATMs used to ask me whether I'd typoed the amount when I deposited paychecks back during my consulting days.

      By the way: I had heard the favor was for, not IBM, but Ross Perot, who (at the time) was running a big consulting firm named EDS. This was about when GM fired all the contractors and hired EDS to do all their IT work.

      --
      Bantam Dominique roosters crow a four-note song. Once you've heard it as "Happy BIRTHday" you can't NOT hear it that way
    272. Re:The 1% are insulated by speedplane · · Score: 1

      One-corporation-one vote!

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      Fast Federal Court and I.T.C. updates
    273. Re:The 1% are insulated by speedplane · · Score: 1

      Better yet... one-corporation-one-million votes!!!!

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      Fast Federal Court and I.T.C. updates
    274. Re:The 1% are insulated by EdIII · · Score: 2

      I doubt these protestors have the sophistication or the awareness to see through the bullshit and understand what they're actually opposing. Unfortunately, they are likely to be useful idiots, pawns on someone's great chessboard. That's generally the problem when you have blind, stupid, unfocused rage that lacks understanding and a strong sense of constructive purpose

      Well......... It's infinitely better than apathy .

      We sit here and do nothing we will be no more than serfs in a new type of Feudalistic society. Ruled by fear of losing what we have and serving faceless lords that control everything we do, all under the guise of democracy and freedom, while not truly having either.

      At the moment, we still have some rights left. Specifically, as you say, the right to be stupid and enraged while attacking (peaceful protests) what we think is the heart of the oppressors while understanding neither their nature or how to defeat them.

      Although centuries ago we were nothing more than property to the aristocracy, at least you could run far and deep enough in the woods and have the skills to survive, and perhaps prosper. If nobody was ever able to find you, it might be possible to have lived free in those times.

      Can we say the same about people today? I know people that would not survive for 3 days without the advanced technology that they have cocooned themselves with.

      There are two ways the 99% can fight back and win:

      1) Suffer.

      Cut back to only the essentials. Give up some of the conveniences that make you choose between your freedoms and the shiny baubles the faceless powers entice you with. Sony wants DRM enforced by law? Don't buy any Sony products. Don't buy Apple. Don't buy Microsoft. Force yourself, either through education or connections, to use only Open Source and Open Hardware. Want something shiny? Don't use any credit to get it. Live within your means like your ancestors did. Your ancestors in World War I & II and the Great Depression did not ride out those hard times with shiny plastic credit cards pushing their problems off till the next day.

      Basically, become more self sufficient and less reliant on centralized infrastructure owned by monopolies and duopolies.

      2) Fight with every ounce of strength and courage you have to keep the rights you have left, to gain the ones you have lost, and to increase the strength of what rights we had, and should have. Perform acts of civil disobedience. Protest till you have no voice left. Let them arrest you and abuse you, and then tell them, "See you next week".

      That's the way we could win. However, the 99% are still asleep. A small smattering of pissed of people that are part of the .0001% that are awake are the only ones that care and know what is happening and what is to come. What parts of history will repeat itself, yet again.

      As you said, action now only identifies who you are to be rounded up for arrests, put through the "system", and possibly "reeducation camps" if things progress to their logical conclusion.

      However, I would rather go out courageously lined up and shot, then cowardly in a comfortable little apartment enjoying the scraps that are thrown at my feet to keep me complacent.

    275. Re:The 1% are insulated by Hijacked+Public · · Score: 1

      Of course I'm not a 1%er. I don't know about favorite, but I was a pretty good whore for a time.

      Feel free to further thrill me with your trick shooting exploits, like that is even half the entrance fee.

      --
      "Sacrifice for the good of The State" - The State
    276. Re:The 1% are insulated by sjames · · Score: 1

      Like I said, so what?

    277. Re:The 1% are insulated by tmp31416 · · Score: 1

      to quote:
      "It's mostly a problem of identification. The real power-brokers love to be behind the scenes. They aren't the ones who are out there, on TV, participating in campaigns, issuing press releases, etc. That's all a puppet show for public consumption, to put it simply.

      The real aristocracy does everything by proxy, by funding, by corporations, and by front organizations. The single most effective thing they ever did was to replace real state-issued money with bank-issued monetized debt. That's how you grab a nation by the balls without ever using physical force."

      dear lord, this reminds me so much of this brilliant mini-series called "a very british coup" ( http://www.imdb.com/title/tt0094576/ and http://en.wikipedia.org/wiki/A_Very_British_Coup), where... this unseen, unelected establishment decides to take out the democratically elected prime minister of england because he was not acting like he was supposed to. when one of "them" met with Harry Perkins (the labour pm in this series), he basically said "they" preferred to stay behind the curtains, out of the limelight... that they were the real power going way back... hence the subsequent speech by perkins on the telly, ending with:

      "You the people must decide wether you prefer to ruled by an elected government or by people you've never heard of, people you've never voted for, people who remain quiet, behind the scenes, generaton after generation, yeah even unto the middle ages."

      like '1984', this story is still very relevant.
      do yourself a favour, go and watch it.

    278. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      you are an idiot. your children will reap the benefit of your lack of understanding.

    279. Re:The 1% are insulated by LingNoi · · Score: 1

      Meanwhile you're putting pressure on corporations that don't give a shit while law makers can do what they want without accountability. Great thinking there brain genius.

    280. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      98% of us wish that the 1% who are claiming to be the 99% would stop pretending they're speaking for us.

      Amen to that! I couldn't have said it better! :-)

    281. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Who do you intend on voting in then?

    282. Re:The 1% are insulated by The+Dawn+Of+Time · · Score: 1

      Nothing you do will ever stop there from being powerful leaders who control most of the power. Being a majority is meaningless, because someone will simply rise to control that majority again.

      Much like any other religion, populism never does anything meaningful, but that never stops "The People" from believing in it.

    283. Re:The 1% are insulated by PopeRatzo · · Score: 1

      Many years ago when I went from W-2 to consultant, I tripled my income.

      So now you make $21,000/yr?

      Seriously, though, there are a lot of people who are calling themselves "consultants" who are glorified temps.

      You know that's true. I'm glad you're an exception. But if everyone who became a "consultant" "tripled their income" then no corporations would use consultants. Most consultants I've encountered found themselves in reduced circumstances, and only took on the appellation "consultant" after their unemployment ran out.

      Of course, I've been retired for 5 years, so maybe everything has changed and it's just my luck that I'm meeting a lot of losers who haven't found the same measure of success as you.

      --
      You are welcome on my lawn.
    284. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      In what year? I severely doubt it was 2011, and I also doubt you did it on your own... IE, no bank loan with exorbitant interest.

      So in that respect, I say... someone gave you a hand-out once. The same for every one of these scumbag CEOs who continue to fire American workers, off-shore the jobs, and keep the money in foreign banks to pay no taxes.

      I say, any corporation caught off-shoring jobs and/or using tax haven banks should absolutely have any and all patents/copyrights/trademarks nullified by the USPTO, and an import ban be slapped on them to boot.

      That frightening thought of competition would put the fuckers right in their places.

    285. Re:The 1% are insulated by sjames · · Score: 1

      No solution is permanent. Eventually, too much power will collect into the wrong hands and it will again be necessary to show them why it's a bad idea to make the majority suffer injustice for the benefit of the rich and powerful.

      That is to say, it's a perpetual dynamic balance that requires continuous vigilance.

    286. Re:The 1% are insulated by hairyfeet · · Score: 1

      And who the fuck are they supposed to vote FOR anyway? lets see their current choices...on the "left" (which give me a break, we have right and FAR right, no left in sight) we have Nobama, as in NO different than Dubya, NO getting us out of two wars (started a third instead) NO getting rid of gitmo, NO stopping wall Street banksters (in fact he gave them more money and power) along with NO change from the status quo.

      And on the right? we have Rick "Fuck social security and who cares about illegals?" Perry, we have Herman "I'm a tea partier" (Translation: I'm owned by the Koch bros) Cain, and Mitt "What am I for this week?" Romney. I'm not even gonna mention Bachmann or Paul because they are both batshit. Bachman wants to get rid of ALL corporate taxes (what's zero percent of zero anyway? look up double Dutch or Irish Whip tax schemes to understand what I'm talking about) while of course failing to mention she would still allow them to qualify for tax BREAKS, which of course means the top 1% would get money BACK from YOUR pocket, and Paul wants to "go back to 1910" when if your house got blown away you could sit on the rubble with a tin cup. News Flash: The city of Galveston and the event he cited as "an example of the community taking care of itself"? it took TWENTY THREE YEARS to get back to the way it was, and most lost everything. Guess who made out like bandits on all that cheap land though? Top 1%ers that's who.

      So you tell me who EXACTLY are they supposed to vote FOR, when the MSM has been owned since Reagan deregulated it in the 80s? Hell look at how quick they ignore the living hell out of Paul simply because he doesn't follow the corporate line. he is still batshit, but because he isn't corporate sponsored batshit he doesn't have a prayer.

      If you think voting does shit anymore I'll leave you with these words of wisdom for the late great Bill Hicks: "Well I believe the puppet on the left has MY interests at heart, well I believe the puppet on the right shares MY beliefs...hey wait a minute, there is one guy controlling both puppets!" and the guy working both puppets? that would be the 1%ers yet again. that is how Norquist was able to get all but 6 Rs in the house to sign a "no new taxes EVAR!" pledge, even while the economy craters and millions are out of work.

      --
      ACs don't waste your time replying, your posts are never seen by me.
    287. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      set up a corporation, The corp bills as a contracting firm and then pays them minimum wadge. The Corporation buys there house, car, boat, land, etc, etc. Most of it is expended off the corporate taxes. There wadge goes to pay for things they want. I am told that when all is said and down they make a killing at it.

      And they're stupid. The point of an LLC is to prevent things like losing your house et al when someone sues the company. If the house is owned by the company (not the person), then isn't it fair game? Pay yourself a good salary and use that to buy the stuff you want to keep for yourself. Everything else can be LLC owned.

      Naw bro... LLC is the tax dodge. You pay yourself shit, and make your money in capital gains so you pay half the income tax rate of the suckers who work for a living. If you want to protect your property, you can do that and dodge taxes too. Just open a separate LLC for the property. Easy peasy.

    288. Re:The 1% are insulated by rtb61 · · Score: 1

      It's to cheat on tax numnuts. Corporations pay a lower tax rate, income can be fudged into capital tax gains by making certain types of investments and cashing in those investments. A substantial portion of the income can be written off as tax deductible investment expenditures. Why do you think the psychopathic right wants no tax on corporations, so they can shift all personal income into a corporation. A corporation is a company created by charter, that charter stating it purpose etc' and with nominated directors to maintain corporation status it must be audited to ensure the corporations funds are managed legally. It is all a tac cheating fudge, a shift of criminal liabilities to a non prosecutable entity and a straight up socialisation of risk with privatisation of profits.

      --
      Chaos - everything, everywhere, everywhen
    289. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Thats what they want you to believe! Don't give in to their mind games!

    290. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      If you could get every voting aged child in the US to vote, all you'd get is a "D" landslide every single time. Except for the business and economics majors... which represent a tiny fraction of the whole.

      That's not a way to shake up our political system. That's just untapped political muscle for one party.

    291. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      I'm guessing you are a part of the 1%. http://globalrichlist.com/ If you make more than 45k in the US annually, congrats! You are among the 1% richest people in the world. Where do you live so we can come protest you?

    292. Re:The 1% are insulated by pixelpusher220 · · Score: 1

      Corporations are owned by citizens of some country, hence, they inherit the rights of those owners.

      So stock holders give up their rights because the corporation inherited them?

      If a person gets a vote, and every corporation they have stock in inherits their rights, then all those corporations get one vote per share holder???? Even if a corporation just gets one vote, the wealthy now have multiple votes since they can buy their way into multiple corporations that the average person can't.

      That's not fair in any sense.

      Why? Corporations aren't people.

      You just said they inherited the rights of the people who own stock. Citizens United ruling would also seem to confer 'speech' rights onto corporations. They are gaining the 'rights' without the penalties. If any person couldn't be imprisoned for committing crimes...don't you think they'd go right back to the same crimes?

      Usually such fraud is either face-saving for the government and its benefactors.

      This is a 'good' thing how exactly?

      When the crime is legitimate fraud, then the business typically closes permanently.

      Only to reopen tomorrow as a newly formed corporation. If the same people are running the ship, they same outcomes can be expected.

      --
      People in cars cause accidents....accidents in cars cause people :-D
    293. Re:The 1% are insulated by khallow · · Score: 1

      So stock holders give up their rights because the corporation inherited them?
      But if the corporation doesn't inherit the rights of the shareholders, then the shareholders have indeed given up some of their rights in the formation of the corporation.

      If a person gets a vote, and every corporation they have stock in inherits their rights, then all those corporations get one vote per share holder???? Even if a corporation just gets one vote, the wealthy now have multiple votes since they can buy their way into multiple corporations that the average person can't.

      Do foreigners get the right to vote merely because they might have other rights in your country?

      I see here a couple of non sequiturs.

      You just said they inherited the rights of the people who own stock.

      Non sequitur number three. Granting a corporation full rights of a person doesn't follow from what I said.

      Usually such fraud is either face-saving for the government and its benefactors.

      This is a 'good' thing how exactly?

      Because with this more nuanced viewpoint, we understand what the crime is. It's like the definition of a "rogue trader", namely, as someone who loses money on a large, risky venture or trade too big for the employer to hide.

      Only to reopen tomorrow as a newly formed corporation. If the same people are running the ship, they same outcomes can be expected.

      The same people end up in jail in that case. I thought the assumption here was that that law had caught up with them. Sure, if they're still on the loose, they can create arbitrary numbers of shell businesses and keep running whatever cons and fraud worked for them.

    294. Re:The 1% are insulated by Opportunist · · Score: 1

      ...provided people would vote with their brains instead of their guts.

      I doubt many people even know what they vote for, and many vote against their own best interests.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    295. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Nah, I'd much rather target Goldman Sachs.

    296. Re:The 1% are insulated by Opportunist · · Score: 1

      Easy to uphold the law when you essentially change it as you please.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    297. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      To stop buying everything is an extreme. You will have a hard time getting any supporters. Instead, ask people to stop buying useless trinkets. Like the iPhone's, the Android tablets, Coca-colas, Bonobos Khakis, Cadillac's, Nike's etc. My parents never had any of these things and even now they are not impressed one bit with all these trinkets. Yet, they lead a very happy and contended life. If you think about it, corporations lure you into buying supposedly "cool" stuff. They are in the business of creating the cool. Putting it out on the street and build a cult out of it. That's when you apply the brakes on your rationality and let the emotion take it on from there. And that's exactly what the B-school educated corporate managers love. Once you are in the emotion mode, they can take you on a roller-coaster drive to anywhere. That's where all the big margins and big money is. Don't succumb to emotion in materialistic matters.

      Banks: Seriously, all banks should be nationalized. Bankers have no incentive to run the banks safely. They want to expand their books as fast as they can. They want to show they have a huge spread on their books. And then they want to turn the spread into profits NOW. What incentive do they have to ensure the quality of their assets? High quality assets are a low margin business. It's the low quality assets that are available in abundance and that's where all the big margins are. At least in the short term. Who cares for the long-term anyways? In the long-term we are all dead. The bankers then use jump-processes, diffusion equations, stochastic calculus, quantum mechanics, chaos theory, Alice in the wonderland, "what ever shows you are dumb and they are smart" to cover up the "quality" of their assets. Profits!

    298. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      “ Remember: the problem is not corruption or greed. The problem is the system that pushes you to give up.
      - Slavoj Zizek, at Occupy Wall Street

    299. Re:The 1% are insulated by Builder · · Score: 1

      London Youths revolution ? Why aren't you being moderated as funny !?

    300. Re:The 1% are insulated by Nicolai+Haehnle · · Score: 1

      Take a step back to think about how deeply you accept the neoliberal framing of work. You implicitly accept the premise that welfare recipients are (to exaggerate to make a point) lazy, useless slobs who have decided to just not work. That premise is both incorrect and poisonous, and you should reject it outright.

      The fact of the matter is that there are roughly two groups of people living off social welfare. One group is honestly disabled and simply cannot work for whatever reason, such as an unusual illness or an accident. It is a matter of basic human decency that we as a society support them. (It is especially ironic that those who want the US to be a Christian nation often do not have the empathy to think like Jesus would in this case.)

      The other group is both willing and able to work, but simply cannot find a decent job because of macroeconomic problems, i.e. ultimately the government having a too contractionary stance in economic policy. Crushing the spirits of this group using workfare schemes or even forced labor is evil. What we really should do here is to ensure, using macro-economic policy, that enough work is demanded by employers so that they can find a job. We also have to demand of employers that they do not discriminate against the unemployed, and that they contribute their fair share to retraining potential employees whose skills do not exactly match the requirements.

      Finally, keep in mind that the reason for the pervasiveness of the anti-social framing that I mentioned initially lies in the fact that a (small, but influential due to lack of position) number of people want unemployment to be high, because creating unemployment undermines the bargaining position of workers.

    301. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Point 2, I'll bet there would be a bit of collateral damage if the Marines shelled Wall Street. That's assuming they didn't just decide that would violate their oath.

      Speaking of which, the oathkeepers have joined the occupation:
      http://oathkeepers.org/oath/2011/10/05/oath-keepers-and-the-wayseers-to-occupy-the-occupation/

    302. Re:The 1% are insulated by Reservoir+Penguin · · Score: 1

      Is this what really happened or what corporate controlled media wants you to believe? Sure some property got damaged, but do you think no shops were burned and looted in Egypt and Libya? There always marginal elements on the sidelines of a revolution waiting to take advantage of break down in law and order. The endlessly looping clips of destruction were meant to convince you it was just a criminal riot. But the question we should be asking is why the crowds of tens of thousands of people chanting down with the regime and trying to make it to central London were never shown? Maybe because than everyone would see where the police suspiciously absent from the looting hotspots really went. Thousands of police who blocked the main crowds advance, jammed and confiscated mobile phones. Now we are seeing thousands of people thrown in jail, identified by the facial recognition software according to the same corrupt authorities. They are not arresting looters, they are going after the people who took part in the main pro-democracy march.

      One can not help but notice a striking similarity between the methods of Syria's Assad and the British regime - marginalize revolutionaries by portraying them as violent criminals while portraying themselves as defenders of social stability.

      --
      US-UK-Israel: The real Axis of Evil
    303. Re:The 1% are insulated by Alioth · · Score: 1

      Heat your water with a solar thermal panel instead of photo voltaic. It'll be much cheaper and work out much better.

    304. Re:The 1% are insulated by jkflying · · Score: 1

      And 97% of us wish that that other 1%......

      Don't be a hypocrite.

      --
      Help I am stuck in a signature factory!
    305. Re:The 1% are insulated by xkpe · · Score: 1

      And the other 97% might say the same think of you :)

    306. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Do you often have bad luck when you try to think? Do you see what went wrong here?

    307. Re:The 1% are insulated by tracy6413 · · Score: 0

      no it is not you can be here to see the details http://bit.ly/pJCGth

    308. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      And I can only see this attracting masses of liars, attention whores and confidence men.

    309. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      98% of us wish that the 1% who are claiming to be the 99% would stop pretending they're speaking for us.

      One of us wishes you would stop pretending to represent the rest of us.

    310. Re:The 1% are insulated by bill_mcgonigle · · Score: 1

      I looked at the article and failed to comprehend it. Meanwhile, I've been self-employed for almost 8 years, doing hardware and software architecture, development, and support. I use TurboTax and am the manager of an LLC.

      You can't ask permission to achieve greatness.

      --
      My God, it's Full of Source!
      OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
    311. Re:The 1% are insulated by Woy · · Score: 1

      Dude, taking something to market is great in many ways but does nothing to fix the significant problems of your country.

      I can understand that you found a way to make peace with the slavery of barely making ends meet with a FT job and 2 businesses. One has to live each day, and one must fool oneself as needed.

      But you are barely living like an middle-age european peasant. And all the gains in productivity since the middle-ages? Into the pockets of the 1%.

      Sleep well.

      --
      "If God created us in his own image we have more than reciprocated." - Voltaire
    312. Re:The 1% are insulated by chthon · · Score: 1

      They do when they are really at their wits end. Witness Syria.

    313. Re:The 1% are insulated by nikkipolya · · Score: 1

      To stop buying everything is an extreme. You will have a hard time getting any supporters for it. Instead, ask people to stop buying useless trinkets. Like the iPhone's, the Android tablets, Coca-colas, Bonobos Khakis, Cadillac's, Nike's etc. My parents never had any of these things and even now they are not impressed one bit with all these trinkets. Yet, they lead a very happy and contended life. If you think about it, corporations lure you into buying supposedly "cool" stuff. They are in the business of creating the cool. Putting it out on the street and building a cult out of it. That's when you apply the brakes on your rationality and let the emotion take it on from there. And that's exactly what the B-school educated corporate managers love. Once you are in the emotion mode, they can take you on a roller-coaster drive to anywhere. That's where all the big margins and big money is. Don't succumb to emotion in materialistic matters. Hey! But that's the way wealth gets re-distributed in capitalism. Besides, if people stop buying stuff, many will become jobless. Materialism. That's the bedrock on which we have produced our sprawling populace. That is until the machines take over.

      Banks: Seriously, I think all the banks should be nationalized. Bankers have no incentive to run the banks safely. They want to expand their books as fast as they can. They want to show they have a huge spread on their books. And then they want to turn the spread into profits NOW. What incentive do they have to ensure the quality of their assets? High quality assets are a low margin business. It's the low quality assets that are available in abundance and that's where all the big margins are. At least in the short term. Who cares for the long-term anyways? In the long-term we are all dead. The bankers then use jump-processes, diffusion equations, stochastic calculus, quantum mechanics, chaos theory, Alice in the wonderland, "what ever shows you are dumb and they are smart" to cover up the "quality" of their assets. Profits!

    314. Re:The 1% are insulated by daem0n1x · · Score: 2

      You Americans always reply the same thing over and over. However, your percentage of entrepreneurs is not higher than in the other developed countries. Typical case of "do as I say, not as I do". This is just an empty mantra repeated over and over, the greatest excuse for workers to plunge into inaction every time their rights are being trampled. "Oh, my health insurance raised the price so much that I can no longer afford it. Society is perfect the way it is, so there must be something wrong with me. I'll have to get a third job to make a living. Serves me right for being a lazy bastard!".

      I'm a great engineer, I suck at businesses. The times I tried it, all I got was working as a slave for a bunch of indisciplined and lazy employees, only to be ripped off by some psychopathic partner. Why should I cease to be useful to society in something I can do really well, just to suck in something I can't do? The world loses a good engineer and gains a failed business man.

    315. Re:The 1% are insulated by Kwelstr · · Score: 2

      You don't understand how votes work. When you vote your age group gains and when you do not vote your age group loses influence. That is why seniors have a lot of influence, because they vote. If you don't like the presidential choices, you can still vote for your representatives in Congress and your local representatives. Evidently if you do not vote, it is your own fault, because that is how the system works.

      --


      ~~~Please pass the salt, I hate unsalted MD5s :-/
    316. Re:The 1% are insulated by daem0n1x · · Score: 1

      I doubt these protestors have the sophistication or the awareness to see through the bullshit and understand what they're actually opposing. Unfortunately, they are likely to be useful idiots, pawns on someone's great chessboard. That's generally the problem when you have blind, stupid, unfocused rage that lacks understanding and a strong sense of constructive purpose. That's why (in terms of Establishment priorities) it's okay to give them so much media attention. It's little more than a way to get the "troublemakers" to identify themselves and be arrested or otherwised put through the system.

      So, what do you suggest? It's not enough just to put down the protesters. At the very least, they're doing something.

    317. Re:The 1% are insulated by daem0n1x · · Score: 1

      Yeah, sure. A bunch of thugs was enough to overthrow an incredibly rich and armed ruling elite, creating one of the most significant events in history.

      I find it funny that the naysayers are always trying to falsify history by downplaying revolutions they find objectionable. I often hear "experts" saying that the Republican revolution of 1910 in my country was done by a few thugs against the will of the majority of the people, which is absolutely false. The Monarchy was completely failed and extremely unpopular, and the masses participated heavily in the overthrow. But the Catholic Church and the far-right haven't gotten over it yet, so they try to brainwash people. Now, the same guys are doing the same about the 1974 revolution that has overthrown a fascist dictatorship, saying it was just a military coup.

      So, what do you consider a grass-roots revolution? The extinction of dinosaurs?

    318. Re:The 1% are insulated by daem0n1x · · Score: 1

      Who will program the machines?

    319. Re:The 1% are insulated by MightyYar · · Score: 1

      Bit of a stretch :)

      That case only impacted the colonists in the unlikely event that an escaped slave were to make it to England. Slavery wasn't abolished in the Empire until the 1830s, and I doubt the American slaveholders had any reason to think they would be the first to lose their slaves.

      It may have been on their mind, but it was certainly not their immediate concern.

      --
      W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
    320. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Yeah, that's exactly right. Tell you what, you have your little temper tantrum over having to pay taxes, and I'll do the work, pay the taxes, and keep the other 60% of the money and enjoy less-meager living, despite it being perhaps more meager than it would be in a world without taxes.

      Because that's what it boils down to, all the whiners saying "waaaah I won't lift a single finger and do a dollars worth of work if I only get to keep some of it" are basically admitting that they'd rather act like a toddler and throw a tantrum than make money.

      Of course, the reality is that the whole lot are liars,and they're not going to walk away from that money, they're going to keep running companies and employing people because they'll take the $600000 they can get even if they don't get to keep the other $400k while huffing and puffing with their threats to lay everyone off, because they know that if they don't take the $600k, someone else will do the work and take it for themselves.

    321. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Just like you pretend to speak for the 98%?

    322. Re:The 1% are insulated by tbannist · · Score: 1

      That's actually a very poor description of the protesters, it's obviously biased, self-serving and self-righteous. None of which are good signs for accuracy or insight.

      --
      Fanatically anti-fanatical
    323. Re:The 1% are insulated by tbannist · · Score: 1

      Conclusion does not follow. Corporations are owned by citizens of some country, hence, they inherit the rights of those owners. Further, even in cases where owners are foreign, there's reciprocity which typically requires one to respect the rights of foreigners so that their citizens have their ownership rights respected in that foreign country.

      I reach a different conclusion from you. If the owners and employees of the corporations are citizens and it already has a host of voices, I don't see why money personified (a corporation) should get an additional voice.

      --
      Fanatically anti-fanatical
    324. Re:The 1% are insulated by fritsd · · Score: 1

      Engineers like Leon Cartwright, of course! ;-)

      --
      To be, or not to be: isn't that quite logical, Slashdot Beta?
    325. Re:The 1% are insulated by tyrione · · Score: 1

      As a Mechanical Engineer who took the EIT exam, passed it thus shaving the required 12 years under a P.E. down to 4 years, there is no way in hell you can sit through a P.E. exam without the 12 years working as a licensed Mechanical Engineer or having already passed the EIT and 4 years as a licensed Mechanical Engineer before taking the examination. I'd like to know which state bypasses that obvious requirement. Washington State sure as hell won't.

      Software Engineering is a made up title. There is no actual Software Engineering ABET accredited program as Bill Joy so eloquently pointed out how Computer Science desperately needs that type of certainty so the quality can be measured to actual laws of science. Sorry, but a liberal arts major who became a professional programmer isn't an Engineer. I've met too many of them in my career. With my second degree in Computer Science I still only call myself an Engineer because I am one from my first degree.

    326. Re:The 1% are insulated by bberens · · Score: 1

      I consider taxes my employer pays on my behalf to be income that I would otherwise have been able to collect. So that's my 15% even though on paper my employer pays half. Also I have a side business which I do pay the 15% and that amounts to about 1/3 of my income.

      WRT taxation without representation I'm talking about the fact that most of the laws written today are written at the behest of large corporations to the detriment of the citizens and small business. I do occasionally throw my vote down the abyss towards a third party candidate but I'm of the opinion that most Americans get very little representation, in spite of the fact that they may have bought into the illusion that they do.

      --
      Check out my lame java blog at www.javachopshop.com
    327. Re:The 1% are insulated by lsatenstein · · Score: 1

      So is it time to change countries. You are in effect saying you live in a dictatorship. If 1% control everything, and you add to it, Patriot act and HomeLand Security, CIA, FBI, military, police, and whatever else, ask if you are in the land of the free.

      And what are your political choices. A) Republican (for the 1%) B) Democrats (for the non-republicans C) Dont vote. From outside looking in, I would vote Democrat.

       

      --
      Leslie Satenstein Montreal Quebec Canada
    328. Re:The 1% are insulated by baKanale · · Score: 1

      But, as long as you tax a corporation, they should be able to represent themselves. And their donations and influence should be in proportion to the amount they are taxed.

      So you're saying that, if corporations are taxed, then they should be represented in our government, much like regular persons are represented via the voting process? Here's my problem with your logic: Corporations are not natural persons but legal fictions. They only exist in order to pool resources and create legal barriers between the property of the corporation and the property of its owners for the purpose of liability. The corporation does not have any will of its own, its decisions being made by its owners. Since through this process the corporation essentially represents its owners, and the owners are already represented via the voting process, by giving the corporation representation in government you are giving the owners greater representation than non-owners.

    329. Re:The 1% are insulated by hairyfeet · · Score: 0

      So in other words your answer is "Its completely fucking worthless, but vote for el presidente anyway!". Yours is the classic "pissing in the wind" strategy, and the reason old folks have clout is NOT voting, it is LOBBYING, which young folks? Don't have. Old folks can cut big fat checks to AARP and get their "voices" aka bribes heard, young folks? Not so much.

      But thanjks for playing, tune in next when guys like you explain how when you are running in a hamster wheel you are actually going places!

      --
      ACs don't waste your time replying, your posts are never seen by me.
    330. Re:The 1% are insulated by j-turkey · · Score: 1

      It's to cheat on tax numnuts. Corporations pay a lower tax rate, income can be fudged into capital tax gains by making certain types of investments and cashing in those investments. A substantial portion of the income can be written off as tax deductible investment expenditures. Why do you think the psychopathic right wants no tax on corporations, so they can shift all personal income into a corporation. A corporation is a company created by charter, that charter stating it purpose etc' and with nominated directors to maintain corporation status it must be audited to ensure the corporations funds are managed legally. It is all a tac cheating fudge, a shift of criminal liabilities to a non prosecutable entity and a straight up socialisation of risk with privatisation of profits.

      Normally, I wouldn't add my $0.02 into an already uncivilized comment thread with absolutes and insults abound...but I'll try to dispel some confusion in the hope that we can keep this polite and civilized: Corporate income tax is significantly higher than personal income tax in America. Yes, there are some companies who have moved profitable divisions offshore, and thus do not pay taxes on income not generated in America. This appears to be the exception, not the rule. Second, I'm not sure that heavy-handed tactics will reap benefits here, as they tend to penalize those who do pay taxes. Raising business income taxes further may have a few negative effects as well: 1. Higher business income tax will mean that the consumers will simply pay more. Remember that when it comes down to the bottom line, this stuff just gets passed down the chain to whomever ultimately foots the bill (the consumer). 2. Chase business away from the US entirely - and this means that we lose on the tax basis and we also lose jobs.

      --

      -Turkey

    331. Re:The 1% are insulated by glittermage · · Score: 1

      I'm sure the 1% elite in modern day Egypt & Libya or even France around 1789 thought like you.

    332. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Thanks! Yours S. http://www.kucuu.com

    333. Re:The 1% are insulated by Dainsanefh · · Score: 1

      Yes you can.

      Robotically defended fortresses can't compete against millions of suicide bombers carrying nukes.

      --
      Twitter: @dainsanefh
    334. Re:The 1% are insulated by drakaan · · Score: 1

      I say this because I deal with consumer credit every day. I'm not speaking for you, but I am making a qualitative statement about the economics of the average household in the US. That statement (whether it applies to you specifically or not) is true. Most people are (or were) living beyond their means. I'm not accusing you of it, I'm saying something I know to be true. Some people were caught short immediately, and some had a bit more time to fret. I know it sounds crappy, and it is. It's also true.

      --
      "Murphy was an optimist" - O'Toole's commentary on Murphy's Law
    335. Re:The 1% are insulated by tbannist · · Score: 1

      Unless, of course, the guy who maintains the guns is in the mob. After all, all you need is one turncoat who can turn the defenses off. I remember hearing that the emperors of Rome were rarely killed by the mob, instead they were usually killed by their own bodyguards. It's an important lesson to consider.

      --
      Fanatically anti-fanatical
    336. Re:The 1% are insulated by arbarbonif · · Score: 1

      I think we should line up everyone that suggests we should line up people against a wall and shoot them against a wall and shoot them!

    337. Re:The 1% are insulated by tbannist · · Score: 1

      The Tea Party has shown that if you actually have enough support you can swamp the primaries are put your own candidates in. If they actually had support from 99% of Americans they could put anyone they wanted into office. They actually don't even need that much, thanks to the much lower participation in primaries, they can drag along the usual suspects who vote based on party loyalty by simply usurping the primaries. It'd be mildly amusing to see them swamp both the Republican and Democratic primaries to put their own people running for both parties.

      --
      Fanatically anti-fanatical
    338. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Agreed. I will not take any protest seriously until the threat or organized violence is on the table. These protests are adorable in a childish innocent kind of way. The only protests that ever did any good had the force of organized mob violence behind them (early leftist movement, Debbs, etc..). Then again, it usually only takes a whiff of grapeshot to dispel such things. I wish we could use democratic methods to handle our differences, but it doesn't look like that will be a possibility in the near future. The tree of liberty must be watered or IT will die.

    339. Re:The 1% are insulated by Altus · · Score: 1

      If you accept that corporations have an overwhelming voice in our governance that drowns out that of normal citizens then he really doesn't have much in the way of representation.

      --

      "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

    340. Re:The 1% are insulated by Hijacked+Public · · Score: 1

      So this.

      --
      "Sacrifice for the good of The State" - The State
    341. Re:The 1% are insulated by Hijacked+Public · · Score: 1

      You think one day you are sitting in the drive thru at Burger King and some signal goes out and you head into the woods with your SKS to live born again hard.

      I know that not to be the way things will go, and I know that you don't know.

      --
      "Sacrifice for the good of The State" - The State
    342. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Transparency in the chain of corporate ownership is a fine thing that we should have more of, but it's beside the point I was making regarding Mindragon's false claim. It doesn't change the fact that your purchasing decisions are entirely your own. Just because you didn't realize that the bottle of Vitamin Water you bought was made by Coca-Cola doesn't mean that Coke "made" you buy it. You chose to buy it. You aren't being "controlled" by Coke.

    343. Re:The 1% are insulated by old+and+new+again · · Score: 1

      wish i had mod points to mod you up up up through the roof

    344. Re:The 1% are insulated by operagost · · Score: 1

      You know a great way to get a scholarship? Have great grades! It's a path that's open to anyone. Or, be a member of a minority group... you aren't a racist, are you?

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    345. Re:The 1% are insulated by sjames · · Score: 1

      So you believe that the Marines will happily gun down their fellow Citizens, friends and family at the command of their lord and master? You even seem to think this to be virtuous?

      Psych discharge or just need one?

    346. Re:The 1% are insulated by benjamindees · · Score: 2

      The point is that you've just replaced paper with water and soap. Without large-scale chemical processes, manufacturing soap has almost exactly the same inputs as manufacturing paper -- lye derived from wood. Do you have a woodlot?

      --
      "I assumed blithely that there were no elves out there in the darkness"
    347. Re:The 1% are insulated by Snotman · · Score: 1

      Really? If this is a discussion about US corporations and wall street, I am not sure of an example of what you assert. Please share. Maybe you do not understand the system.

    348. Re:The 1% are insulated by Snotman · · Score: 1

      What about punishing the people that put the politicians into office? It seems that the people are responsible for who leads them in a democracy. I have never been to a voting booth where a corporation is allowed to vote. How many votes do corporations get?

    349. Re:The 1% are insulated by Surt · · Score: 1

      There's a bit of a nuke shortage for that strategy.

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    350. Re:The 1% are insulated by g0bshiTe · · Score: 1

      What kind of backing did you start with? Was it from your family? Did you qualify for small business loans? Did you get outside investors? Did you work and earn it yourself?

      You can say it's whining if you want, but when you work 2 jobs just to be able to feed your family it makes it hard to "take that significant risk" of failure and start your own business using what little resources you have.

      Have you ever had to choose between feeding your kids or paying rent?

      If you answer no then you have absolutely no right whatsoever to say anyone is "whining and crying because somebody, somewhere, somewhen was successful". While I realize that someone that makes 200k per year pays more taxes than I do, the reality exists that a person making 200k a year vs someone making 50k a year, the person making 200k feels that tax less.

      Ever gotten a raise and made less after the raise then you did prior because of a new tax bracket?

      --
      I am Bennett Haselton! I am Bennett Haselton!
    351. Re:The 1% are insulated by Stormtrooper42 · · Score: 1

      What London Youths revolution?
      Are you referring to those people randomly destroying things, and stealing from stores?
      Because, yeah, putting stuff on fire is so fun, and getting brand new flat screen TVs is a necessity in life...

      I don't think this "revolution" had anything to do with politics.

    352. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Conclusion does not follow. Corporations are owned by citizens of some country, hence, they inherit the rights of those owners.

      No, sorry. A corporation is a legal fiction designed to shield the owners from certain personal liabilities (and a few other benefits). Therefore, why is it unreasonable to expect the owners to give up a few of their rights as well? It isn't.

      Corporate owners are already getting substantial benefits. There is no issue ethically, morally, or legally to limiting the power and scope of corporations.

      Corporate owners don't like those conditions of being an owner? Then don't own a corporation. Fuck 'em.

    353. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      What the fuck is a "wadge"?

      "Flipping great wadges of cash."
      -Edmund Blackadder

    354. Re:The 1% are insulated by mrchaotica · · Score: 1

      I wish I had a woodlot (or any other sort of income-producing property)!

      I'm pretty sure a household supply of lye soap shouldn't require more than a normal backyard's worth of wood, though.

      --

      "[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz

    355. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      The tree of liberty must be watered or IT will die.

      The tree of liberty must be watered or Information Technology will die?

      Wow, open source software licensing is getting tougher all the time...

    356. Re:The 1% are insulated by benjamindees · · Score: 1

      Making a single bar of soap, using lye from the best hardwood, requires 17 pounds of wood. A decent woodlot should yield 2500 lb / acre per year (1 cord). A typical backyard would be less, maybe 1000 lb / acre / year. So a quarter acre backyard could make you approx. 15 bars of soap per year.

      --
      "I assumed blithely that there were no elves out there in the darkness"
    357. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Learn to use statistics. 99 people making $5/day. 1 guy making a $1 million a day. It sounds like everyone is doing fine statistically.

      The median isn't the only way to obtain averages, dimwit.

      99 people making $5/day and one guy making a $1million equals an average of $5 -- which is the mode.

      Which in this case would be more accurate, wouldn't you think?

      "Learn to use statistics" indeed.

    358. Re:The 1% are insulated by dumeinst · · Score: 1

      Just Curious; I'm swiss (living in the USA).. Why switzerland?

    359. Re:The 1% are insulated by Phantom+of+the+Opera · · Score: 1

      Does it matter if they don't vote when the only viable two sides are beholden to them?

    360. Re:The 1% are insulated by nobodie · · Score: 1

      yeah, the p's facts are wrong. Actually IBM hires contractors to do their work. The contractors are "self-employed" and have to pay for all their stuff: insurance, un-employment, etc. etc, it is actually better for IBM to do it that way.

      --
      Subversion of spatial scale luxury decoration ideas.
    361. Re:The 1% are insulated by PopeRatzo · · Score: 1

      Consultant" is not designed to underpay someone. When I'm a "consultant" I generally get paid more than when I'm working a W-2 job

      If that was the case generally then no corporations would ever hire consultants.

      Consultants save corporations money for a reason. That reason is not "Consultants are more productive" or "Consultants do a better job", but rather "Consultants give us the same product for less money". That "less money" part means you are really getting less. A lot less. Maybe all you care about is the number on the check and benefits and pensions and vacation time and the expense of having to run your own office and use your own computer etc don't matter to you.

      But at the bottom line, if a corporation is hiring you as a consultant instead of as an employee, it means it's cheaper for them that way. Over the long-run, you will be getting less.

      --
      You are welcome on my lawn.
    362. Re:The 1% are insulated by dark_requiem · · Score: 1

      I doubt these protestors have the sophistication or the awareness to see through the bullshit and understand what they're actually opposing. Unfortunately, they are likely to be useful idiots, pawns on someone's great chessboard. That's generally the problem when you have blind, stupid, unfocused rage that lacks understanding and a strong sense of constructive purpose.

      Thank you, glad someone gets this concept. This is why revolutions fail. Even if a revolution should succeed in overthrowing the institution against which it revolted, and even if the old aristocracy is actually killed off, the fundamental ideas which gave rise to those very institutions, and allowed that very aristocracy to assume such power, are so deeply engrained in the psyches of the revolutionaries that they erect new institutions that share the same systemic flaws that allow the same type of scum to rise to the top. "Hurray, the government is no more! All hail the government!"

      This can be seen more regularly, on a smaller scale, by simply observing regular elections. Every four years, the public is presented with a new handful of politicians, all promising to right the ills of the nation, to end the mistakes of the previous politician, and to lead us all to a fanciful utopian future. And every four years, millions go out and vote for one of these politicians, fervently believing that this time it will be different, this time the system will work. Despite all available historical evidence, they believe that by voting in the "right" candidate, all will be remedied. Rarely do they consider that the system itself could be not only flawed, but systemically unworkable, and that by agreeing to participate in the democratic process, they sanction the results of that process. "It's not the system that is flawed, it is the people running it" they think. The same holds true of revolutions. "It's not the concept of sovereign government that is flawed, it is the specific implementation." To use a technical analogy, it's like finding out that WPA is a flawed encryption protocol, and your solution is to switch from a Linksys AP to a DLink.

    363. Re:The 1% are insulated by seantide · · Score: 1

      So start your own business. I did.

      I can't, nor can many of Slashdot's audience. Why? Because of a law IBM bought in 1986 prohibiting programmers and software engineers from working as self-employed individuals. (Citation: http://www.nytimes.com/2010/02/19/us/19tax.html ). So, once again we see regulations bought by corporations to steer things in their favor. Which is kind of the whole point of the protest.

      Where did you get this from?

      I've worked self-employed as a programmer for years. I know someone who's done it for 20.

      I'm going to work for a company for my next gig, but not because any imaginary law is making me do so... :)

    364. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      If you could get 5 random protestors to agree on what they are protesting, maybe I'll listen. The Occupy Wall Street movement is the Barak Obama of protests, noncommittal so everyone projects their own views onto it. The media, frightened by the conservative success of the Tea Party movement is trying to portray OWS as a force of good against the selfish bastard Tea Partiers who don't want to pay more taxes with less representation.
      One more thing - I don't recall ever seeing a Tea Party rally where people were covering their faces or other wise trying to hide their identity.

    365. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Actually my weight calcs were off by a factor of two, so it's 30 instead of 15. Still, not much.

    366. Re:The 1% are insulated by Reservoir+Penguin · · Score: 1

      I have answered here: http://slashdot.org/comments.pl?sid=2469114&threshold=-1&commentsort=0&mode=thread&pid=37673474#37676962 The criminal regime may have driven the Resistance underground for now, but the flame is still alive. The London Youths will raise again!

      --
      US-UK-Israel: The real Axis of Evil
    367. Re:The 1% are insulated by khallow · · Score: 1

      Therefore, why is it unreasonable to expect the owners to give up a few of their rights as well?

      Consider the other sorts of actions that result in waiving one's rights, for example, assisting in a police investigation, committing a crime, and revoking one's US citizenship. How does owning a few shares of stock imply that one's rights are given up, even partially?

      Corporate owners don't like those conditions of being an owner? Then don't own a corporation. Fuck 'em.

      Or we can uphold the laws of the land and ignore you. That seems more appropriate.

    368. Re:The 1% are insulated by pixelpusher220 · · Score: 1

      The same people end up in jail in that case. I thought the assumption here was that that law had caught up with them.

      The *entire* point of incorporation is to shield the owners/shareholders from liability. So no the law doesn't 'catch up' with them for corporate crimes. Individuals may be charged for criminal conduct, but the vast majority of people involved see no penalty whatsoever save the stock loss.

      It's really funny that you're saying my conclusions don't follow when you clearly stated that it was ok for FOREIGNERs to have votes through corporations.

      Further, even in cases where owners are foreign, there's reciprocity which typically requires one to respect the rights of foreigners so that their citizens have their ownership rights respected in that foreign country.

      You sir have drunk the Koch brother's koolaid. They love people who think like you.

      Corporations are not bad things in and of themselves. But giving them equivalent rights to people, and yes Citizens United gave them 'speech' rights, only encourages them to behave badly without any of the consequences people face.

      --
      People in cars cause accidents....accidents in cars cause people :-D
    369. Re:The 1% are insulated by khallow · · Score: 1

      The *entire* point of incorporation is to shield the owners/shareholders from liability.

      But they didn't commit the crime. And their stake is harmed in the process, frequently by the corporation descending into bankruptcy.

      You sir have drunk the Koch brother's koolaid. They love people who think like you.

      And even if that were true, so what? Are the Koch brothers or me not allowed to have opinions?

      Corporations are not bad things in and of themselves. But giving them equivalent rights to people, and yes Citizens United gave them 'speech' rights, only encourages them to behave badly without any of the consequences people face.

      Perhaps you should read up on this issue before you complain further? Corporations weren't given rights equivalent to people. And the Citizens United ruling merely gave the people who made up the organization the rights to which they were entitled by the Constitution.

      I understand, due to some recent books, that opposing corporate personhood has become a fad. But it's a shame that the actual rights and privileges of corporate personhood weren't properly discussed in those books. There is so much ignorance on the issue.

    370. Re:The 1% are insulated by rhalstead · · Score: 1

      As a programmer I can set up a business, I can consult, I can hire programmers. IF OTOH I worked for IBM I am not allowed to do that for some time after employment. I have served as a consultant and it was well after 86. Unless you worked for IBM recently you can start up your own business. There are many out there doing it at present.

    371. Re:The 1% are insulated by rhalstead · · Score: 1

      Agreed. They would be defeating the reason for the LLC in the first place, however most of these things are not legally deductible as business expenses. Second homes, boats, cars... Exceptions would be cars, and airplanes needed for transportation. If you are large enough and cover enough territory then the aircraft expenses are valid and deductible. I could double the number of locations in a week with my own airplane compared to going commercial. However there is another catch that those not in business don't realize about LLCs. In many instances if you do not show "any profit" for three years it gets listed as a hobby and all of the income is taxable. You can't just create an LLC and expect it to be a tax saver from then on. IOW you can't just use it to just keep buying things to live the "good life"and expense them legally.. the amount of "red tape" for acquisitions is phenomenal I ran an LLC on the side about 25 years ago. It was simple to do and cost a couple hundred dollars in fees.. I couldn't afford the same business at present due to all the new regulations. The consulting I could still do, but I retired so I don't have to work those kind of hours. That's mainly travel expenses and as long as you don't take your family with you the book keeping is fairly simple.

    372. Re:The 1% are insulated by rhalstead · · Score: 1

      Consultant is an invention of big business to underpay... ?? I found consulting pays very well. When I retired I could have gone back to the same job, in the same office, doing exactly what I did the day before "at considerably more pay" as a consultant. Yes, I would have had to pay my own expenses but I could bill them. Thing is that going on the market as a consultant and making considerably more take home pay, I could set my contracts or rather negotiate them. I could work as many hours as I wanted. Sure you can look only at the negatives and then make them come true, but consulting does not mean you have have to be gone 3 weeks out of 4, it does not mean you must work round the clock. Often it may mean you don't even have to travel much. As I said, I could have gone back to my old office the day after I retired, doing the same thing I had been doing, but for a lot more take home pay and I had a whole 5 mile drive to work. OTOH I was looking into a different job where purchasing a relatively fast airplane with long range was economically feasible. I would have worked out the three year contract, sold the plane and been money ahead. The economic down turn has nothing to do with the distribution of wealth and everything to do with people living beyond their means (running the housing bubble up) as well as government intervention into private business requiring companies to make loans without being able to make ability to pay a requirement. It has to do with adding regulations that cost many thousands of dollars to comply. It has to do with a constantly changing regulatory environment leaving businesses afraid to invest or hire. It also has to do with politicians lying about the status of Freddie Mac and Fannie Mae during the previous administration. There are many reasons for the current economic situation, but none of them are due to the rich few compared to the average wage earner, but it sounds good to those not understanding economics, and it sounds very good to those jealous of the rich and begrudging them of their money. I'm not rich and I could care less that some one makes many times my income. I'm able to live my life in the style I like. Sure I'd like a bit more, but were I younger I'd also be willing to work for it.

    373. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Then you need to apply the same conditions to unions as well. Unions should not be able to influence politics either, since they are made of up people who already have a voice. No forced union dues, no requirements in any States to belong to a union in order to get a job and no public sector unions at all.

    374. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      random note:

      100 000 person town 11% unemployment = 11 000 people with nothing better to do; average police force of a town of 100 000 maybe 200-300.

      11 000 people with blunt objects vs 300 people with guns looks very bad for both sides (although I have never seen cops start a fair or even close to fair fight)

      agree with all points just wanted to note that there is a tipping point at which all the guns in the world won't help

    375. Re:The 1% are insulated by pixelpusher220 · · Score: 1

      And even if that were true, so what? Are the Koch brothers or me not allowed to have opinions?

      No but if you think the Koch brothers have your interests at heart, you sir are a fool.

      Perhaps you should read up on this issue before you complain further? Corporations weren't given rights equivalent to people. And the Citizens United ruling merely gave the people who made up the organization the rights to which they were entitled by the Constitution.

      I wasn't aware that they had 'lost' their constitutional rights at any point. If you have evidence that shareholders somehow didn't have free speech rights until Citizens United please show it...

      By admitting that Citizen United did in fact 'give' rights to corporations (or 'people' as you claim), you also admit that since they already had those rights, they now have more rights than before - which is my entire point.

      --
      People in cars cause accidents....accidents in cars cause people :-D
    376. Re:The 1% are insulated by khallow · · Score: 1

      No but if you think the Koch brothers have your interests at heart, you sir are a fool.

      You can be a fool for other reasons too. Sure I'd be a fool, if I believed the above which I don't. But I can also be a fool for ignoring some common ground in our respective interests.

      I wasn't aware that they had 'lost' their constitutional rights at any point. If you have evidence that shareholders somehow didn't have free speech rights until Citizens United please show it...

      The court case and how it was judged is itself evidence.

      By admitting that Citizen United did in fact 'give' rights to corporations (or 'people' as you claim), you also admit that since they already had those rights, they now have more rights than before - which is my entire point.

      Your argument is fatally flawed since I didn't grant that organizations had these rights respected by government prior to the Citizens United judgment.

    377. Re:The 1% are insulated by optimism · · Score: 1

      The Swiss are culturally very discreet about wealth. Displays of wealth-for-the-sake-of-wealth are viewed in a very negative light. Pretty much the opposite of the ostentatious American "real housewives" culture.

      The cultural taboo against displaying wealth means that the Swiss are much more likely to use their money in more enriching ways. Travel, art, environmental preservation, etc. Also, the Swiss middle class have more flexibility to move through the class hierarchy, because their outward appearance is not so different from the rich.

      I especially like that swiss currency carries pictures of great artists and writers...not political and military egos.

    378. Re:The 1% are insulated by rtb61 · · Score: 1

      WTF did your mind take an absolute blank about what you can tax deduct with a corporation compared to what you can tax deduct as an individual. Do you not pay any attention at all to reports of the most profitable US corporations pay no tax at all. It has nothing to do with tax rates, you disingenuous individual, it has everything to do with tax deductions, what is claimable. what is deferrable and what can be shifted into capital gains. So does you lying little graph point at that capital gains tax for corporations or individuals is exactly the same but corporations get to claim more deductions against capital gains, hmmmm.

      --
      Chaos - everything, everywhere, everywhen
    379. Re:The 1% are insulated by Doc+Ruby · · Score: 1

      15% taxes on one income stream cannot be added to 15% on a separate income stream to get 30% on the total.

      But apart from that, 12% income tax (apart from FICA) is low, even in the US where the average effective tax rate on 2010 income was about 24%. Compared to our legitimate foreign competitors (Europe/Japan/Oceania) 12% is very low. Our illegitimate foreign competitors like China extract their money (and blood) from all but the richest in ways outside of their tax systems.

      Voting in a party primary is more effective than voting for a third party in the US. Sometimes in Democratic primaries there are people running who aren't simply auditioning to represent corporations and the richest once elected. But the proper representation of those of us not the richest isn't to collect lower taxes. It's to stop wasting the money spent on military/intel and other corporate welfare waste, and instead invest it pragmatically in the education, health and consequent productivity of our people, which makes us more governable. Which would mean smaller total expenses, but primarily to avoid the large debts used to hide the expenses from the tax allergic. Rebalancing the costs of government to those who create them would see richer people pay a greater share of their income, especially if exempting everyone's survival expenses. I'd prefer a sales tax (excluding necessities) to collect proportionally to each person's benefit from the system, and significant use fees for state creations like incorporation, patents / trademarks / registered copyrights (to cover their legal system costs and other administration), and operating and professional licenses. But until we transform income and property taxes to something less arbitrary, the income tax rate overall is going to look something like the 30% of our GDP that's government activity, with perhaps 10% of it "discounted" into debt - that just costs us more in every way sooner than later.

      --

      --
      make install -not war

    380. Re:The 1% are insulated by Pino+Grigio · · Score: 0

      Because there weren't any "crowds of tens of thousands chanting down with the regime". The media angle is simply the fact that the vast majority of people in this country found the `riots' abhorrent.

    381. Re:The 1% are insulated by dtmos · · Score: 1

      Yes, "Software Engineer" is a made-up title. However, for example, note this passage in the Florida statutes (471.031 (1)(b)1.): "A person may not [...] use the name or title “professional engineer” or any other title, designation, words, letters, abbreviations, or device tending to indicate that such person holds an active license as an engineer when the person is not licensed under this chapter, including, but not limited to, the following titles: [...] 'software engineer,' 'computer hardware engineer,' or 'systems engineer.'"

      I was merely pointing out that the run-of-the-mill person starting out may not even think of the Professional Engineering laws in his/her state, innocently use the term "software engineer" as part of the new business, and run into easily-avoidable legal trouble.

      And yes, the Mechanical PE exam is a bear, as is the Civil exam. The Electrical Engineering exam, however, is not -- the passing rate in most states is much, much higher than the others, and many people have passed meeting only the minimum experience requirements.

    382. Re:The 1% are insulated by dtmos · · Score: 1

      Did I mention IBM?

    383. Re:The 1% are insulated by j-turkey · · Score: 1

      So much for a polite and civilized discussion. I'm done.

      --

      -Turkey

    384. Re:The 1% are insulated by shiftless · · Score: 1

      So I take it you're a software developer. You have very few material outlays. As many of us are aware and have experienced, software development is often done best in small, agile teams; often a "team of one". That's great. I'm glad it works for you. It is though (how did you put it?) "absolutely and categorically wrong" to assume this model is applicable to all types of business.

      Just as you are absolutely and categorically wrong (no quotes) in assuming it doesn't apply to most types of businesses.

      It's clear you've never actually tried to open your own business. All you've done is heard about others trying, and assumed/believed/perpetuated the lie that it's difficult to get started. It's not.

      I grew up in an old dilapidated 60s single wide trailer in the woods of Alabama. My dad comes from a line of poor Irish farmers and my mom was the poor daughter of a Cherokee and English line. Both are from the backwoods, met and married in high school, and neither had a college education or much money until my mom put herself through (nursing) school after I graduated high school.

      I didn't learn anything about business or finance growing up. My parents didn't know anything to teach me. All I knew is I wasn't planning to live in a single wide trailer the rest of my life.

      Try setting up a business where you produce material goods. In addition to the costs of registering the business, you have to buy stock and equipment; even if you're working from home.

      I started a business from my home building a certain type of electronic controller. I found a niche in a market which I was familiar with due to my hobbies. It cost me less than $7-800 to set this business up and start selling products, from the time of having the idea to putting up a business and starting to advertise.

      You have to find a marketplace where you can show your goods.

      Internet forums, word of mouth for your superior product....it's the best form of advertisement and costs nothing.

      Often that means giving away "samples" to drum up business or paying a fee to attend a show of sorts.

      Not in my case

      If it's a booth, you have to dress it up to draw people in.

      Not difficult

      Then there's transport, shipping, etc.

      A couple bucks worth of gas to run a load of packages down to the UPS/Fedex store/Post Office. Or get a business account and have them picked up at your door. This is a non issue.

      All of which you're expected to eat.

      Depends on the business. I built my products to order which mean that I had to stock NOTHING up front...and I didn't build a unit until I was paid in full.

      If you break even within a year, you're doing well.

      Yes, this is true.

      People were beating down my door to order my product. My business was successful right out of the gate--BUT--I did make some crucial mistakes. I went out of business. My first attempt at business thus "failed."

      Except...it wasn't really a failure. To me it was a huge learning experience. I learned more and finance and running a business in those short 8 months than I ever knew in the years before.

      Most people would have given up after this. Indeed it's the tendency to give up at the first sign of adversity is what causes most people to be failures in the long run. I got pretty damn used to the self-employed lifestyle though, and wasn't going to give it up so easy to go back to the daily 9-5 cubicle grind.

      I learned a new trade and started a new (very profitable) business in a different field. This one took a lot more up front investment....but I managed to find it, because I want to succeed. As we speak I am in the process of slowly ramping up production and starting to see profit coming in.

      While I've been working on this I've been keeping an eye on the old market I was in before. I'm seeing products crop up which are similar to my old offering but not really much better. Meanwhile I've come up with a lot of great id

    385. Re:The 1% are insulated by Tancred · · Score: 1

      What do you mean by that? If you're just pointing out that you need more than a majority in the Senate, then yeah, absolutely right. The Republicans block just about any bill introduced by a Democrat. It would take 60 reliable (and that word is key) Democrats to overcome that obstruction, or a change in Senate rules.

    386. Re:The 1% are insulated by Stormthirst · · Score: 1

      Seeds aren't an issue. Where I live I can buy them from local farmers, and at the end of the season I can collect some of the seeds for next years crops.

      As for fertiliser - that's one reason why I want to keep chickens. Chicken sh*t makes great fertiliser. Also most home systems like this don't rely on fertiliser in the same way that large scale farms do. Leaving an area fallow for a year is an ancient technique.

      As for tools - I think I covered that with the "can't make toilet paper"

    387. Re:The 1% are insulated by Stormthirst · · Score: 1

      I still need to light my house somehow - and power the computer I'm typing this on.

      Also solar thermal is great, but on a cold day you still need a backup plan. The ideal would be to use a heat exchanger inside your normal water heating system, thus keeping the cost (and use of corporations) down.

    388. Re:The 1% are insulated by Anonymous Coward · · Score: 0

      Welfare's good for those that appreciate money and know how to invest it but it's bad for poor people who are just gonna run out and spend it on food, shelter, porn and tv.

  2. Bitcoin by V!NCENT · · Score: 4, Funny

    Want to do something about the current failure of money? Start using Bitcoins. It'll be the biggest protest with the biggest impact in history.

    http://www.weusecoins.com/

    --
    Here be signatures
    1. Re:Bitcoin by Moheeheeko · · Score: 1

      I prefer my Bisondollars

    2. Re:Bitcoin by iSatan · · Score: 1

      I'm not sure why your post got modded as "Funny" - it's a relevant, proactive suggestion. I think that most people fail to see that the root cause of the financial crisis occurring around the world is fiat currencies whose supply is controlled by central authorities. They're rigged systems that benefit those who control them, and enslave everyone else.

    3. Re:Bitcoin by Anonymous Coward · · Score: 0

      bitcoins are a joke

    4. Re:Bitcoin by Anonymous Coward · · Score: 0

      ha no way. Currency depreciation results in debt escalation. This is why there is always inflation, as long as prices already go up, debt from 30 years ago is inflated away.

      Bitcoin is a severely flawed solution looking for the wrong problem. Bitcoin is only usable as a money laundering proxy between it and another virtualized currency (eg PayPal, various MMO points, iTunes, XBLA points, etc.) Exchanging Bitcoin with real currency or even commodities (gold/silver/copper/salt/oil/gas/etc) isn't possible, you can't pay bills with bitcoin, and nobody with a physical presence is going to accept bitcoin any more than they would accept a hand-written IOU.

      Bitcoin will not ever work. Don't buy it.

    5. Re:Bitcoin by V!NCENT · · Score: 1

      Yes, thank you.

      I was just pointing out the only viable alternative. If there's any chance of a healthy and stable by nature alternative, ever, than this is it. If a shitload of people protested by saying "Your currency is not going to be adopted" then that will definately be a tiny dent.

      As it grows in popularity exponentialy, people will notice, just like Macbooks and Linux (Android).

      Either put your money where your mouth is or shut up, protesters...

      --
      Here be signatures
    6. Re:Bitcoin by V!NCENT · · Score: 1

      Having trillions of dollars as a debt, because of complex and not-working inflation paper is common sence?

      --
      Here be signatures
    7. Re:Bitcoin by amicusNYCL · · Score: 1

      When you say "start using Bitcoins", what exactly do you mean? Can I pay with Bitcoins at the supermarket, bar, movie theater, etc? Can I buy a car, or pay my mortgage or utility bills using Bitcoins?

      --
      "Our two-party system is like a bowl of shit looking at itself in a mirror." - Lewis Black
    8. Re:Bitcoin by V!NCENT · · Score: 1

      Who sais that you need to buy it, when you can mine it?

      --
      Here be signatures
    9. Re:Bitcoin by jafac · · Score: 1

      I prefer snake-oil. Digital snake-oil.
      www.digital-snake-oil.com

      --

      These are my friends, See how they glisten. See this one shine, how he smiles in the light.
  3. Unfortunaly by Anonymous Coward · · Score: 0

    Useless, nothing will change, people are wasting their times...

  4. NOT the 99% by Anonymous Coward · · Score: 0

    These people are still in the top 20% of the current global population and the top .0000000000001% of everyone who has ever lived.

    A sense of scale would be useful.

    1. Re:NOT the 99% by ByOhTek · · Score: 1

      Given that around half the people that ever lived are alive now (assuming 100k years of human past, I believe).

      That would mean this top 20% is the top 10% not the top .0000000000001%.

      Or were you going back to the first organism?

      --
      Self proclaimed typo king, and inventor of the bear destroying coffee table (patent not pending).
    2. Re:NOT the 99% by tommy8 · · Score: 2

      The cost living is a lot higher in the US compared to 3rd world countries. So in a country like India someone could be solid middle class and even have a nanny and a cleaning lady yet still make less money than someone living paycheck to paycheck in the US.

    3. Re:NOT the 99% by tompaulco · · Score: 1

      Yes given that your statement would be correct. However, estimates of the percentage of people who have ever lived vary wildly. I have seen numbers as low as 2% and as high as 12%. Other than your post, I have never seen any justification for 50%.

      --
      If you are not allowed to question your government then the government has answered your question.
    4. Re:NOT the 99% by hesiod · · Score: 1

      Given that around half the people that ever lived are alive now

      To reiterate the GP, a sense of scale would be useful, but your senses are apparently WAAAAAAYYYY OFF. Probably well over 100 billion people have ever lived, and that's estimated from 50k years -- just half of your timeframe. That would mean less than 7% of the history of human population is alive now, not 50% (nor the more asinine and more common 75% quote).

    5. Re:NOT the 99% by Myopic · · Score: 1

      around half the people that ever lived are alive now

      I've heard that, but I've also heard that is total bullshit, and I'm inclined toward the source which told me it is bullshit. I don't feel like looking it up, but you might want to if you feel strongly about it.

  5. Percentages by janeuner · · Score: 2

    From what I've seen, it's actually 80% arguing with 19% about 1%

    1. Re:Percentages by Nutria · · Score: 1

      I'm sure the country is sharply divided about which is the 80% and which is the 19%.

      --
      "I don't know, therefore Aliens" Wafflebox1
    2. Re:Percentages by MorbidBBQ · · Score: 1

      Agreed, the problem is that there is no guidance or leadership. It's most likely that a valuable leader would come from the 19%.
      I went to occupy philly with hopes of something positive. When I got there, it was just a bunch of disgruntled hippies (and a socialist group too...WTF?).

      If anything "the man" is encouraging these movements to dissuade real protests.
      Sharpies on cardboard make you look homeless, and people will take you about as such.

      For anyone interested in adding to the count of dissatisfied Americans, check out DownsizeDC.org
      email your congressional representatives. They spend big money on polls, so why would they ignore their email?

    3. Re:Percentages by TiggertheMad · · Score: 1

      From what I've seen, it's actually 80% arguing with 19% about 1%

      That seems about 50% right....

      --

      HA! I just wasted some of your bandwidth with a frivolous sig!
    4. Re:Percentages by sgt+scrub · · Score: 1

      Nice observation. The irony is the 1% do little to effect decisions made with their money. Yes they want returns but the 19% are the ones responsible for that. If something happens to the 1% they'll be moved from the 19% to the 80%. In my experience, it is more typical to see the manager f*** over the employees to get a bonus than it is to see the owner f*** over the employees to increase profits.

      --
      Having to work for a living is the root of all evil.
    5. Re:Percentages by ideonexus · · Score: 0

      I've read that factoid too, and it's pure spin. I'm in the top 5%, meaning my family makes a little more than $150k a year. So the spinsters say I have nothing to complain about, as if we live in the lap of luxury. But you know what? I live in the DC Beltway, and our family income puts us in the middle middle class, where we can only afford a modest house and can only afford partial days at daycare for our son and have no idea how we're supposed to afford the second child we want to have.

      I consider myself part of the 99% because we work hard just to survive and I sympathize completely with the unfortunate souls sharing their stories personal tragedy on the 99% blog. People who are trying to frame this as an 80% versus 20% thing have no clue what it's like out here in the real world where corporations have engineered the system to take every last fucking dime from honest hard-working Americans while refusing to give anything back to the country that made their success possible.

      --
      i ~ Celebrating Science, Cyberspace, Speculation
    6. Re:Percentages by mynicknamewasused · · Score: 1

      I'm an engeneer, in Chile, i make 1/5 of that, I am middle class, you are fucking rich!

    7. Re:Percentages by airfoobar · · Score: 1

      Throughout history, the middle class was meant to be a barrier of protection between the lower and upper classes. As long as the middle class was large and powerful, the lower and upper classes were smaller and apart from each other. Nowadays, the upper class have been growing exponentially in wealth and power, while the middle class is being pushed downwards into near-poverty. The 19% is what's left of the middle class and they are fading away as we speak, as their wealth is being transferred upwards to the "aristocracy" that has access to the legislators and is gaming the system. It's quite clear that the longer this goes on, the more wretched people's lives will become, and to be honest I don't think there's anyone here on /. who isn't already the "99%".

    8. Re:Percentages by NiteShaed · · Score: 1

      This is a really good point. When you get up to the top of the scale, the chart really climbs incredibly steeply. Yes, at $150k, you're in a high percentile, but really you, me and everyone around the $100k - $200k range are kind of a buffer for the super rich in the million+ range. As long as the tax brackets keep us "lesser rich" in the same boat as the super-rich, we'll be used by them to support tax levels that would impact us massively, but would be the difference between 3 or 5 vacation properties for them. I don't think it's any accident that the highest bracket reaches as low as it does, the people making 7 figure incomes need to keep us in the same "club" as them, but it's not because we're their peers; we're their foot-soldiers. We're the ones who'll actually feel the pinch of increased taxes, so our numbers are used to provide "boots on the ground" to defend ourselves, and them by proxy. I'm in the greater NYC area, and making $100k - $200k doesn't go anywhere near as far as in other places (as you well know being near D.C.), around here a nice little 3 or 4 bedroom cape still goes for over $300k (almost double that before real-estate tanked)....I've seen houses in other parts of the country that go for over $100k less where I could fit my entire house into the kitchen.

      --
      Some bring out the best in others, some the worst. Some bring out far more.
    9. Re:Percentages by Nimey · · Score: 2

      The middle class was never "meant" to be anything. It's simply an emergent phenomenon.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    10. Re:Percentages by Anonymous Coward · · Score: 1

      Yes, you're middle class. And he's probably a notch higher, but not much. What percentage of your monthly salary after taxes goes to pay for your house or apartment? Food? Internet/TV/entertainment? Now, compare those percentages to someone from the DC area. The main difference is that someone in the DC area can buy a BMW or a Porsche for the same income-percentage as you'd pay for a Jetta, but they can't afford a BMW or a Porsche because they're spending an even greater percentage of their income on the house/apartment, food, healthcare, and child care.

      Even within the US, you can't directly compare incomes. An engineer who makes $80,000/year in Ohio probably owns a 5 or 6 bedroom house with a garage big enough for a basketball half-court, and has one of the following: a nonworking spouse, a lake in the backyard, a large wooded lot in a semi-rural area, a boat, a camper, or annual vacations to exotic places. An engineer who makes $80,000/year in South Florida might be OK if he's single, but the moment kids enter into the equation, everything goes to hell unless his wife works, too. An engineer who makes $80,000, has kids, and lives in New York City probably qualifies for food stamps... and possibly public housing, if his wife can't work for some reason or he's a single parent.

      The main time regional income differentials become significant is when you travel. Someone from Miami who goes to Mexico is delighted to get ripped of and overcharged $1(US) for a bottle of Corona that the locals can buy for the equivalent of ~20 cents. Someone from New York who goes to Miami is delighted that a bottle of Bud Light that costs $10 in New York only costs $5 in South Beach. Someone from London who goes to New York is delighted that he can buy a pint of beer for $10 instead of $15 (~ten pounds). The supreme irony is that the guy in Mexico who owns the shack selling beer to tourists by the beach for $1 probably makes less than the tourist from Miami, but lives in a nicer house, and almost certainly has a cleaning lady, a nanny for the kids, and probably a part-time gardener.

    11. Re:Percentages by Anonymous Coward · · Score: 0

      The first couple days I had some sympathy for the Occupy X people. There is no shortage of corruption and fraud on Wall Street, and in the government institutions that regulate it. If the movement had stayed at that level, it could have had wide support.

      Instead, it has clearly become a fringe leftist movement. Their list of demands wasn't about specific crimes or reforms, but the same crazy stuff you would hear from standard socialist/anarchist protesters you get at any large financial conference.

      By specifically tying it to an existing small sub-group of a particular political party, you're doing more to polarize the majority against you than to gain their support. The Tea Party did the same thing (although it took more than a few days)... they took a movement that was purely about fiscal reform, and brought in social and religious issues, thereby reducing its appeal to the mainstream.

    12. Re:Percentages by Culture20 · · Score: 1

      I'm an engeneer, in Chile, i make 1/5 of that, I am middle class, you are fucking rich!

      What's the cost of food and shelter in Chile? Is it half your combined family income? Are your taxes a third of your income, leaving you with only 1/6 of your income for transportation, children's education, etc?

    13. Re:Percentages by Myopic · · Score: 1

      I'm not clear. If you are at $150,000, and are thus at the 95% level, then you are part of the 99%. And you do in fact state that despite doing okay, you struggle, and you think you should be doing better. What's the controversy? You sound like you belong with the protestors. Obviously most of the 99% isn't poor, we just aren't ultra-rich. You are moderately rich (me too, lucky us), but even moderate riches don't get you very far.

    14. Re:Percentages by scot4875 · · Score: 2

      Not really. An overwhelming majority of the population is pissed at Wall Street, and an overwhelming majority of the population supports increasing the tax burden on the rich to match (at least) the same tax rate as the middle class pays.

      --Jeremy

      --
      Jesus was a liberal
    15. Re:Percentages by Nutria · · Score: 1

      to match (at least) the same tax rate as the middle class pays.

      Sigh.

      http://en.wikipedia.org/wiki/Income_tax_in_the_United_States#Year_2011_income_brackets_and_tax_rates

      How fscking difficult is it for an allegedly smart person (no knowingly stupid people visit Slashdot, do they?) to look at at tax schedule and see that rich people pay higher more tax rates than not-rich people?

      If you want them to actually pay what the tax tables say they should pay, then close many of the 10 jillion loopholes in the tax code (which is what Reagan tried to do in 1986).

      --
      "I don't know, therefore Aliens" Wafflebox1
    16. Re:Percentages by mynicknamewasused · · Score: 1

      shelter&food is about 2/5, taxes another 1/3, so i got the rest for transportation furniture, clothing, etc. yet I'm in the top 10% by income.

      I'm still young, maybe it will get better, maybe not.
      while the cost of living is low here by your standars, the price on imported goods is the same,
      i have CATV, but no A/C, cell phone plans are a lot cheaper than yours, electricity is more expensive and so is fuel,
      yes, the first world have it much more easy than us in the third world, a lot of people seems to ahve a hard time believing it.
      sorry about the english, not my native language.

    17. Re:Percentages by chromatic · · Score: 1

      ... rich people pay higher more tax rates than not-rich people?

      Income tax rates, sure. Let's talk about payroll taxes and capital gains taxes too.

    18. Re:Percentages by dryeo · · Score: 1

      I'm in the greater NYC area, and making $100k - $200k doesn't go anywhere near as far as in other places (as you well know being near D.C.), around here a nice little 3 or 4 bedroom cape still goes for over $300k (almost double that before real-estate tanked).
      It amazes me how cheap it is to live in the States. I'm far enough out of town that there is no internet besides dialup and no cell service and a cheap crappy home still goes for close to half a million and in town a 2 bedroom bungalow in the bad part of town might be slightly less then a million. For $300K you'd be lucky to find a 250 sq foot condo.
      Vancouver is where I'm talking about, not exactly a big city compared to NY.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    19. Re:Percentages by Nutria · · Score: 1

      payroll taxes

      FICA has always irked me. A completely regressive tax that "progressives" keep increasing.

      capital gains taxes

      When you go down the slippery slope of having a tax for this and a tax for that, then the current situation is what you wind up with.

      Some sort of consumption tax would be the fairest, since everyone would pay the same percentage on purchases, whether it's low and middle class people buying store brand stuff at Wal-Mart or progressives buying Organic Gluten-Free Vinaigrette at Whole Paycheck and Triple Venti Soy Mocha at Starbucks.

      --
      "I don't know, therefore Aliens" Wafflebox1
    20. Re:Percentages by LordLimecat · · Score: 1

      Its whats known as the "80-19-1 rule". I swear it sounded catchier when someone else said it tho.

    21. Re:Percentages by chromatic · · Score: 1

      Some sort of consumption tax would be the fairest...

      Provided a single personal deduction for necessities (and not the $75 annual deduction for sales tax on groceries in states like Idaho), yes.

      Good luck convincing even a single taxing authority to enact that, though.

    22. Re:Percentages by Nutria · · Score: 1

      This would be a Federal tax, though, replacing FICA, the Income Tax, and the Capital Gains tax.

      To simplify it even more and eliminate the need for deductions at all, don't tax food (no matter how bad for you or expensive) and utilities. But that's a slippery slope of lobbied-for exceptions.

      --
      "I don't know, therefore Aliens" Wafflebox1
    23. Re:Percentages by Anonymous Coward · · Score: 0

      Wow. A family making $150,000 a year thinks they have a right to protest since they can only afford half a day of daycare. Boo-hoo. If you think taking away money from 1% of the population will help you at all, you're in for a real surprise. Their spare money is already invested in the economy (exactly where the so-called "99%" wants it to be). Very little of it sits under mattresses.

  6. The problem isn't the currency by MrEricSir · · Score: 4, Insightful

    The problem is a financial system built on making enormous amounts of money without contributing to society.

    --
    There's no -1 for "I don't get it."
    1. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      Vincent,

      Do did you buy some bitcoins and want to sell them?

    2. Re:The problem isn't the currency by Nickodeimus · · Score: 1

      Contributing to society is not the problem. The problem is they contribute (read: Bribe) to elected officials in one way or another. Greed is all well and fine. What's not fine is rigging the system by buying politicians, getting laws passed or shot down, and otherwise gaming the system so that you may crush competition or take advantage of people. This is what's been going on since the early 80s and the government, instead of protecting the people, not only allows it to continue but refuses to enforce the laws that do exist to prevent this sort of thing.

      And this is the reason I laugh at the people who blame Obama or blame the GOP or blame the Dems. ALL of them have been doing this to us for 30 years. Not one side or the other - ALL OF THEM.

    3. Re:The problem isn't the currency by Carewolf · · Score: 2

      The financial system does contribute to society by proving risk-willing capital, that is why it was too big to fail.

      The excessive gambling going on inside the system might not be to our benefit however, but all investments are fundamentally speaking gambles, so there is no way to prevent gambling in finance. We can only hope to find mechanisms that will make it safer for the rest of society.

    4. Re:The problem isn't the currency by Just+Brew+It! · · Score: 1

      If you think Bitcoins are going to put a dent in the current system, you're incredibly naive. It's like expecting a BB gun to put a dent in an M1 tank.

    5. Re:The problem isn't the currency by bigmattana · · Score: 1

      You do honestly not think banks contribute to society? The entire world economy is based on banks and their ability to leverage the money the have to create loans.

      I hate some of the big banks as much as the next guy but I am not sure how you can not see how much our economy depends on banks. Do you have a retirement account? Ever use a credit card? Ever borrow money for a car or home? Would you prefer a corner "money store" or borrow from the mafia? I personally enjoy being able to take advantage of the services banks or credit unions offer at virtually no cost to me.

    6. Re:The problem isn't the currency by RightSaidFred99 · · Score: 1

      Yeah, it's not like all that income and profit is used to create jobs or buy goods and services. They exist outside economic reality, right?

    7. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      I sorely doubt that crytographic security and analysis will solve this problem. That part of Bitcoin's apparent wonder and magic won't solve anything. Tracing where the money goes won't solve the issue; it all goes to the same 1%. The money isn't being stolen to provide it to the 1%; consumers give it to them willingly. Does your OCD force you to make a pretty map to show you this?

      I sorely doubt that placing an upper bound on the amount of currency in existence will solve this problem. The same 1% will manipulate the system to get the same amount of money. It doesn't matter if you subdivide Bitcoins down such that a gallon of milk costs 56e-59000, the 1% will have all the money, and most likely set those costs anyway.

      I sorely doubt that a loose cadre of fanatics backing this currency for things like drugs, Craigslist-like housing posts, drugs, second-hand garbage, drugs, and conversion to (and thus dependency on) current currencies will make even the slightest dent in the real world. The same 1% control the markets AND distribution of basic consumer goods (food, etc). Nobody's going to seriously use currencies that don't buy these goods (and depending on a broker to exchange Bitcoins for existing currency puts a dependency on it, meaning the existing currencies control Bitcoins, and that certainly isn't going to help).

    8. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      The problem is that the function of the financial system, the very reason it exists, is not the best way to make money of it.

      ie. the purpose of the stock exchange is to make it easy for investors and companies to find each other. Companies can find investors for their company. Investors can invest in something they believe will make them money.
      How many people do you know that invest in stocks because they believe the company they are investing in is a worthwhile medium/long term winner ? Everyone seems to be in it for the quick buck.

    9. Re:The problem isn't the currency by Junta · · Score: 1

      Stuffing paper money into a mattress into a bank would have approximately the same effect, with about the same amount of safety in the face of your house burning down.

      Bitcoin is heralded as taking back control of your money and just keeping everything in your 'wallet'. People got worried; the 'wallet' can't be trivially backed up/restored, if you lose your one copy of the 'wallet', it's gone for good, etc. Then people started setting up 'banks' so that your 'wallet' would be stored in an institution with presumably better data reliability practices. Congratulations, you've gotten to step one, putting control of the money back in the hands of financial institutions.

      The other point trotted out is appealing to gold standard fanatics as being resistant to market manipulation due to the inherent fixed 'amount' of bitcoin in the world, not subject to being 'printed' to devalue. Now you have bitcoin exchanges where the value of a bitcoin relative to 'real' money is assessed. You have bitcoin value speculation on the exchanges and there have been bitcoin bubbles and busts in terms of value. In fact, it's had more volatility in value than the US Dollar.

      Bitcoin is a failed experiment. For all the noise about it being a fixed amount of value, liberating people from banks, and so on and so forth, it has gone right back to the status quo in its (limited) application.

      --
      XML is like violence. If it doesn't solve the problem, use more.
    10. Re:The problem isn't the currency by royallthefourth · · Score: 1

      If the state controlled capital, we'd be subjected to far less risk as the right hand of the economy would know what the left hand was doing instead of leaving it to chance. We wouldn't have piles of houses while people remain homeless and we wouldn't have some people working 60 hours a week while others are unemployed.

    11. Re:The problem isn't the currency by Nutria · · Score: 1

      What exactly can I do with Bitcoins? Pay for groceries? The mortgage? Light bill? Etc, etc.

      --
      "I don't know, therefore Aliens" Wafflebox1
    12. Re:The problem isn't the currency by MrEricSir · · Score: 1

      Banks contribute to society, but we're not talking about banks. Not all "financial services" are banks.

      Certainly banks existed long before CDOs and other bullshit these guys invented to swindle investors.

      --
      There's no -1 for "I don't get it."
    13. Re:The problem isn't the currency by Frosty+Piss · · Score: 1

      I once read a book by that really tall economist (forget his name) (I'm sure he is dead by now) who introduced the concept of countervailing forces in economics. The idea is very simple. In a just society every area of activity needs at least two strong opposing forces, each of which prevents the other from running amok. In economics the two are capital and regulation. And the Europeans have realized this. In Europe, people are protected from rapacious capitalists by a network of rules and regulations that protect quality of life. This is why the R's hate Europe. That is why here, their mantra is less regulation. It is one of the main reasons the R's hate government. It is government that imposes those regulations that prevent them from turning us all into serfs.

      --
      If you want news from today, you have to come back tomorrow.
    14. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      Well put, and far more intelligent than the, "zomg the corporations is teh greeds!".

      I don't want our banks gambling with our tax dollars. I understand that we had to bail them out to avoid a genuine depression, but there should be rules that prevent these people from making large, dangerous gambles that put our entire economy at risk.

    15. Re:The problem isn't the currency by benjamindees · · Score: 1

      That's a good point. But remember that the current system wasn't built overnight. It was built through 2% inflation over the span of a hundred years.

      --
      "I assumed blithely that there were no elves out there in the darkness"
    16. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      What exactly can I do with Bitcoins? Pay for groceries? The mortgage? Light bill? Etc, etc.

      Better! You can buy drugs!

      You can also use it to buy on Amazon, NewEgg, etc if you use SpendBitcoins.

    17. Re:The problem isn't the currency by Khashishi · · Score: 1

      Don't group credit unions with banks. They both provide roughly the same services, but banks siphon off money into the pockets of uber-wealthy executives and politicians, while credit unions don't.

    18. Re:The problem isn't the currency by tgd · · Score: 1

      No, the problem is a growing segment of society that believes its owed something for nothing.

      Do you think bankers taking advantage of a situation to make a profit is materially different from a homeowner refinancing their house in a bubble, taking out $150k, blowing that on cars, vacations and expensive clothes and wanting a bailout when they can no longer afford the mortgage?

      The people protesting are no different than the bankers. They're just pissed off because their free ride is over.

      Every last one of them -- the dimwit tea party nuts who protest higher taxes in a tax bracket four above what they're in, these dimwit protesters now, the bankers -- they're all just leeches, sucking the productivity of those who produce to live and live on what they produce.

    19. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      The financial system does contribute to society by proving risk-willing capital, that is why it was too big to fail.

      The excessive gambling going on inside the system might not be to our benefit however, but all investments are fundamentally speaking gambles, so there is no way to prevent gambling in finance. We can only hope to find mechanisms that will make it safer for the rest of society.

      No. The financial system does NOT contribute...by providing risk-willing capital. That is done by individuals when they invest their money. The financial system facilitates the trading but that system could be replaced. It is a myth that financial institutions are "too big to fail". More like they contribute too much money to politicians to fail.

      To put it all into something that slashdotters can understand:

      1. Con investors into purchasing worthless paper.
      2. Screw up the lives of millions and millions of people.
      3. When the fraud is discovered, claim to be "too big to fail".
      4. Get paid billions of dollars in bailout money.
      5. Profit.

      Kill the bankers and stockbrokers. Kill them all.

    20. Re:The problem isn't the currency by Hijacked+Public · · Score: 1

      We'd still have scratch offs though, right?

      --
      "Sacrifice for the good of The State" - The State
    21. Re:The problem isn't the currency by GodInHell · · Score: 1

      The financial system does contribute to society by proving risk-willing capital, that is why it was too big to fail.

      Tried getting a business loan recently? Try again friend.

      -GiH

    22. Re:The problem isn't the currency by rallen911 · · Score: 1

      If the state controlled capital, then the bureaucrats would be the ones picking who gets a loan or who gets the goodies. Are you sure you want that? I can't name a single thing that government has done efficiently and cost effectively. With government in control of capital, you would lose 50% of it off the top.

      Government isn't necessarily bad, but too much government is necessarily bad, VERY bad. (See Soviet Union)

    23. Re:The problem isn't the currency by silas_moeckel · · Score: 1

      So your advocating socialism/communism?

      --
      No sir I dont like it.
    24. Re:The problem isn't the currency by Matt_Bennett · · Score: 1

      The financial system does contribute to society by proving risk-willing capital, that is why it was too big to fail.

      Maybe I don't understand what "risk-willing" means, but isn't providing capital with risk associated with it have the built in assumption that it could fail? I always thought that part of what you have to pay for capital was also covering the risk should it actually fail. If my credit is poor, I end up paying a higher interest rate.

    25. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      There are ways to remove gambling. Stick in a 15 minute delay on all trades, remove options and short selling. There, I fixed it.

    26. Re:The problem isn't the currency by spire3661 · · Score: 1

      Then if high finance is such a societal need, socialize the process and eliminate the profit from shifting money around.

      --
      Good-bye
    27. Re:The problem isn't the currency by nahdude812 · · Score: 1

      With so much of that capital on Wall Street today being typically invested only for minutes, if not seconds, I don't think it offers much value to the company.

      There's a huge problem in the US economy at large where stock holders don't care about what's good for a company's long term prospects any longer, they care instead only about the shortest possible term changes to stock price. They incent CEOs to make decisions which raise stock price for today, but which cannibalize value from the company in the longer term. The CEO's have these golden parachutes, when things start going bad, they bail and take a pile of cash with them, so there's no downside.

      Except that a company which employs people and which produces a product which is presumably valuable to society is less able to employ and less able to produce.

      I think a new tax is in order. Tax stock profits based on how long the stock was held for. Anything 5 years or longer gets zero capital gains tax. Anything shorter gets taxed on a scale according to how long it was held, with the highest tax reserved for any stock held for less than 24 hours. The tax rates should be sufficiently steep that most investors are looking to invest for at least 1 year in order to maximize value.

      High frequency trading contributes nothing to society, it merely saps value out of the economy and puts it in the pockets of those who can afford the hookups. Worse yet it causes some of our best and brightest intellectual minds to waste their skills trying to game a system rather than produce something of value to society.

    28. Re:The problem isn't the currency by demonlapin · · Score: 1

      You can buy weed. I'm guessing that would be enough to get the OWS crowd interested.

    29. Re:The problem isn't the currency by IamTheRealMike · · Score: 1

      I sorely doubt that crytographic security and analysis will solve this problem. That part of Bitcoin's apparent wonder and magic won't solve anything. Tracing where the money goes won't solve the issue; it all goes to the same 1%. The money isn't being stolen to provide it to the 1%; consumers give it to them willingly.

      I'm not sure I'd describe the money as handed over "willingly".

      The system we have now is characterized by large bank bailouts, and massive amounts of new money being created in order to try and restart the economy. Consider the position of your average bank executive both before and after the bailout. Did you ever hear of a poor banker? I never did. It's notable that in big cities, the most central and most expensive property is often owned by banks. There's a good reason for this - in western societies pretty much everyone needs a bank. It's not optional.

      At the most basic level landlords, electricity companies, water companies and so on won't accept bags of cash in payment, they want bank transfers. Cash is inconvenient, and governments attempt to make it moreso via anti money laundering laws.

      Another reason is that the currencies we use today all suffer from grinding inflation. Most governments target around 2%. That sounds low, but it's compounded 2% every year. Over your lifetime the currency will if the targets are always met more than halve in value. In practice inflation will not be a solid 2% per year, some years it will be higher. This reality forces people to invest.

      Intuitively you'd think that having worked for a lifetime, by the time you retire society would "owe you one" and those IOUs (in the form of savings) would be enough to get you through retirement. In practice your savings will have shrivelled up by the time you need them most, so you are forced to invest through pension funds, banks and other institutional investors. If those investment funds fail, you can have huge problems later on in life - which is what happened to my parents. This is the inevitable consequence of a currency that every year grows by more than the previous year. An entire society is forced to invest whether they like it or not, whether they're skilled or not - is it any wonder we seem to experience a never-ending series of bubbles? Economists even promote this as a good thing - they point to the massive misallocation of resources and claim it's productive activity!

      Because banks are essentially aggregators of trust, and critical to societies functioning, there aren't very many of them and starting new banks is absurdly difficult: people won't trust a completely new bank, and part of the trust existing banks have comes from enormous piles of regulation that are very expensive to comply with. This is why people say bankers are a part of the 1% - short of being invited by that existing 1% to join them, via a job offer, your chances of reaching that position by your own hard work are close to zero. And if you're in the 99%, you have no choice but to let that 1% cream off the top.

      So what about Bitcoin? In a hypothetical country that adopted Bitcoin as its national currency, there would probably still be bank-like entities. There would still be investment funds and so on. But some things would look very different. For one, financial services would be a far more competitive market because instead of having to trust brands that were built up over a period of decades you can trust mathematics instead. As a trivial example Bitcoin allows for dispute mediators (escrow services) who cannot steal/spend the payments they are mediating. You don't have to trust that a bitbank is fulfilling its reserve requirements (or trust that a government is watching them), you could audit them yourself. And because the currency would be stable (or at least inflating very slowly and predictably), it'd be quite feasible to save for the long term. Instead of desperately trying to find something (anything) that will "double your money", you could build up a retirement fund a little each year.

    30. Re:The problem isn't the currency by Nickodeimus · · Score: 1

      The state can't even balance its checkbook. The state can't even create a budget. The state can't even invest the capital it does have in firms that stay solvent for more than a year.

      How in the world will it control capital without more risk than we face now?

      As individuals you and I have a lot to lose if we mismanage our funds but the government answers for their folly how? The money that the state controls is used by people who have nothing to lose if its mismanaged. Most of them believe they can just print more without having economic repercussions. Economics 101 teaches us otherwise.

    31. Re:The problem isn't the currency by Just+Brew+It! · · Score: 1

      If you believe that inflation is the cause of the current mess, you're almost as far out in left field as the post I originally responded to.

    32. Re:The problem isn't the currency by Homr+Zodyssey · · Score: 1

      And why arent those rules in place? Because the 1% lobbied against them....

    33. Re:The problem isn't the currency by Nadaka · · Score: 1

      You say socialism like it has anything to do with communism. It doesn't. Socialism is not the opposite of capitalism, it is its stabilizing compliment.

    34. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      But 'merica is a Christian nation! And it says right der in da Bible that money lending is a great way to profit and those so blessed by our Holy Father should be revered. Helping poor people or not making money from money lending is socialism which is DIRECTLY AGAINST GOD! It's in the passage right after God says, "America, the land none of you know about, in a few thousand years may have marriage equality. Thou shalt not allow that. Nor socialism, but we'll get to that."

    35. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      If a man builds something that people want, and then the people buy it (thus making the creative man rich), how could the creative man have NOT contributed to society? 'Contributing to society' doesn't mean that society gets something for nothing; rather, it means that on the whole, the lives of those in the society are made better by the existence of that which the creative man has produced.

      The problem isn't a financial system built on making enormous amounts of money; the problem is your failure to recognize that 'society' may actually have to get off its ass and do something if it wants to also make money.

    36. Re:The problem isn't the currency by Skuld-Chan · · Score: 1

      Think about this - there is far more food, and goods made than there are people - yet we still have people dieing of hunger (even in the USA) - one could easily argue that capitalism is at best a poor way of distributing products.

    37. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      Those who "make enormous amounts of money without contributing to society" contribute a heck of a lot more (taxes paid, job creation, etc) than the 48% that pay no federal taxes at all, and generally are less of a drain on federal resources.

    38. Re:The problem isn't the currency by danbert8 · · Score: 1

      Yes, the European method of digging yourself into a huge debt hole is working out great... And we aren't far behind.

      And as for serf making, who are the ones who make us serfs? I don't think it's businesses, I am pretty sure it is the government and the government control of businesses. Remember, corporations have no tools for force you to do anything. The government does.

      All those idiots protesting against wall street don't see the cause, they only see the effect. Yes, a bunch of fat cats on wall street took a huge chunk of OUR money. The question is, who gave it to them? The government did. The government took our money by force and then handed it to the banks. Why are we angry at the bankers for taking a huge wad of cash that someone handed them?

      --
      Yes it's an anecdote! Were you expecting original research in a Slashdot comment?
    39. Re:The problem isn't the currency by Myopic · · Score: 1

      My elementary understanding of communism is that the state directly controls the means of production, which is a bit different than the state controlling capital. Socialism? Socialism is when the municipality picks up your rubbish and paves your roads and makes sure granny isn't begging for food.

      I don't really think state-controlled capital is well described by "communism" or "socialism".

    40. Re:The problem isn't the currency by pablodiazgutierrez · · Score: 1

      Since you only tax the profit, the incentive is still there to game the system with variations of high speed trading, just at a less attractive rate. The Tobin tax was designed to introduce a tiny bit of friction in financial systems without harming honest investors. If you buy 1000 shares and plan to keep them, paying $0.01 a piece wouldn't hurt you at all. If you do a million transactions per minute, the cost starts piling up.

    41. Re:The problem isn't the currency by Myopic · · Score: 1

      Even more, nearly zero of "financial services" is traditional banking activities.

    42. Re:The problem isn't the currency by Shotgun · · Score: 1

      There in lies a suggestion that the people who know how to handle money don't believe that the current environment, where the country's leader constantly attacks those that try to be successful, is a good environment for starting a business.

      --
      Aah, change is good. -- Rafiki
      Yeah, but it ain't easy. -- Simba
    43. Re:The problem isn't the currency by Shotgun · · Score: 1

      Capital is not a force in economics. It is an object. The forces are reward and loss. The interaction of those forces are modified by regulation, which is also propelled by risk and reward, just the ones driving politicians.

      Our current situation has had the risks mitigated by politicians and their regulations, without a corresponding mitigation of the rewards.

      Ask yourself, why would S&P give a AAA rating to bogus "mortgage backed securities"? Because those mortgage loans had the back of the Federal government. The banks wouldn't be fool enough to hand the money out to people with no money otherwise. The government guaranteed the loans, the bankers made them, then the government called it a "bailout" when they had to make good on the guarantees.

      --
      Aah, change is good. -- Rafiki
      Yeah, but it ain't easy. -- Simba
    44. Re:The problem isn't the currency by Lanteran · · Score: 1

      [insert invisible hand joke here]

      --
      "People don't want to learn linux" hasn't been a valid excuse since '03.
    45. Re:The problem isn't the currency by Nethemas+the+Great · · Score: 1

      Interesting you should use a tank as an example. You realize that the Afghahnis were rather effective in stopping Soviet armor by dropping something so inconsequential as a bottle filled with fuel and a lit wick down their exhaust stacks. It is very possible to wage a successful campaign of asymmetric warfare against far more massive forces given proper strategy.

      --
      Two of my imaginary friends reproduced once ... with negative results.
    46. Re:The problem isn't the currency by Oxford_Comma_Lover · · Score: 1

      I once read a book by that really tall economist

      Awesome.

      --
      -- IANAL, this isn't legal advice, and definitely isn't legal advice for you. Also, Squee!
    47. Re:The problem isn't the currency by Just+Brew+It! · · Score: 1

      ...and you're claiming Bitcoins are that strategy? I don't think so.

    48. Re:The problem isn't the currency by Chardansearavitriol · · Score: 1

      Sure. Why not? Capitalism did more harm when it collapsed than communism ever did. Hard to claim one is better than the other in terms of "Relative suckyness" but I just did and its correct.

    49. Re:The problem isn't the currency by Nutria · · Score: 1

      What's OWS? (Google isn't very helpful.)

      --
      "I don't know, therefore Aliens" Wafflebox1
    50. Re:The problem isn't the currency by V!NCENT · · Score: 1

      Nope and nope.

      I just see a lot of useless whini-er... 'protesters' that appearantly have no solution. That's how I see it.

      --
      Here be signatures
    51. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      No, your interest is set according to your negotiation situation. Strictly speaking individual are many times less risky to loan money than corporation, but they pay higher interest because they have less negotiation power.

    52. Re:The problem isn't the currency by Darby · · Score: 0

      Do you think bankers taking advantage of a situation to make a profit is materially different from a homeowner refinancing their house in a bubble, taking out $150k, blowing that on cars, vacations and expensive clothes and wanting a bailout when they can no longer afford the mortgage?

      Obviously. The majority of the people who aren't bankers didn't take out $150K to blow on nonsense. That's something that some did that you're dishonestly trying to blame everyone for. The bankers lobbied for the repeal of the oversight that would have prevented the damage they caused. Further after causing that damage they're far richer than ever. When a system is designed to reward the worst failures the most it's broken.

      these dimwit protesters now,

      From what I've seen with my own eyes rather than through the filter of a media owned by the people they're protesting against, these dimwit leeches as you refer to them are composed of a large number of professionals (teachers, professors, nurses and so on) as well as college students.

      They are brightwitted enough to recognize that their future was screwed and to recognize who is sitting there with all the money that was stolen from everybody else.

      This is in direct opposition to the Tea Baggers who are just spouting the ignorant lies that were fed to them by Koch industries to support rule by unearned wealth.

      So, no, they're not all the same. The bankers caused the problem intentionally and reaped the only benefits to be had hence are clearly the bad guys here.

      The Tea Baggers are the brownshirts of the bad guys funded and fed the lies of the bad guys.
      The Occupy crowd are patriotic citizens standing up for their real actual rights. Like the right not to be robbed and defrauded.

      If you're truly so ignorant of current events and of historical trends, why wouldn't you be ashamed to spout such blatant willful ignorance? Oh yeah, the anti-intellectual movement also funded by the bad guys made knowing what you're talking about uncool and spouting ignorant crap the new cool thing.
      Congrats, you're cool like Paris Hilton. Good little doggie.

    53. Re:The problem isn't the currency by demonlapin · · Score: 1

      Occupy Wall Street.

    54. Re:The problem isn't the currency by bckrispi · · Score: 1

      Ding! We have a winner!

      --
      Xenon, where's my money? -Borno
    55. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      Eh. Alternately, you could say the financial system collectively attempts to control access to any serious quantities of capital. They were "too big to fail" because through a combination of size and law, they drove enough of the smaller players out of business (all the better to charge more for their (practically mandatory) services), such that their sudden absence would destroy the system that they have come to dominate.

      In other words, they're not "too big to fail" because we like them. They're too big to fail because they have managed to set things up so that they'd take the rest of us out with them.

    56. Re:The problem isn't the currency by Nethemas+the+Great · · Score: 1

      I didn't say anything about Bitcoins being "that" strategy. However, you might find yourself surprised at their ultimate influence. Just because they aren't likely to be adopted by the mainstream doesn't mean they are without value. Already governments are getting a bit irritated by the black market's use of them. That they are being used ever increasingly in the criminal underground means there is significant value in them. Ruffle the right feathers and you'd might find some rather interesting consequences. It's not obvious but if you look hard enough you find that Anonymous and Lulz Sec have heated the seats of quite a few people enough that they're finally taking some measures to secure their systems as well as politicians looking at new information security regulation.

      --
      Two of my imaginary friends reproduced once ... with negative results.
    57. Re:The problem isn't the currency by Marxist+Hacker+42 · · Score: 1

      99% of the financial industry, society can do without. Used to be all a bank was the one guy in town who owned a vault and charged rent to use it. I believe we should limit the financial industry to basically being an ultra-small, ultra-secure storage rental place and be done with it. If you don't know the creative mind personally, you shouldn't be investing in his company anyway.

      --
      SJW: a person who perceives an injustice, and while correcting it, commits a greater injustice.
    58. Re:The problem isn't the currency by Marxist+Hacker+42 · · Score: 1

      Which is enabled by the money supply. Use a different currency, and you'll insulate your earnings and spending from that financial system.

      --
      SJW: a person who perceives an injustice, and while correcting it, commits a greater injustice.
    59. Re:The problem isn't the currency by Antisyzygy · · Score: 1

      Stocks, bonds and futures contribute to the economy greatly. Futures protect farmers, bonds finance government, and stocks finance corporations. Its things like speculation, creative accounting and derivative financial instruments that cause the problems. We've effectively let a neo-merchant class grab all the wealth. In Feudal Japan, the merchants were seen as the lowest class of society, with the producers and Samurai seen as the highest.

      --
      That brings me to an interesting point, / . is just "the ramblings of socially-inept, technology-literate news-mongers".
    60. Re:The problem isn't the currency by Qzukk · · Score: 1

      Ask yourself, why would S&P give a AAA rating to bogus "mortgage backed securities"?

      Because they were paid to rate them, and if they didn't rate them AAA, someone else would have. Or maybe they were just lied to.

      Because those mortgage loans had the back of the Federal government.

      Except for the "NINJA" loans and others that failed to meet the documentation standards required by freddie and fannie in order to qualify for insurance. Yes the debt standards were reduced (to allow for getting a second mortgage to pay the downpayment required by the first) but they weren't eliminated.

      Freddie and Fannie didn't crash and burn strictly because of their insurance business, Freddie and Fannie crashed and burned because a bunch of idiots in charge of them decided they could pad their assets with a bunch of CDOs. In other words, like all the other banks playing with CDOs, they were getting filthy rich on paper until they went broke in the real world. Their collapse was their own fault for touching the toxic waste, just like everyone else's collapse was their own fault for touching the toxic waste.

      --
      If I have been able to see further than others, it is because I bought a pair of binoculars.
    61. Re:The problem isn't the currency by RightwingNutjob · · Score: 1

      I'm a control systems realtime software and hardware engineer. I work 60 hours a week because the few people who know how to do what I do are gainfully employed elsewhere doing something similar. It strikes me how a large number of the 99 percenters are in a financial pinch because they majored in English or History or something else that, no matter what the Glorious Socialist Revolution may try to do, won't cut my working hours.

      Here's the deal: History, Art, Literature, etc are fine courses of study, but let's not forget that they were invented for, by, and are largely about, the monied classes who can afford to substitute adult kindergarten for education. Somehow or other, the Correlation Equals Causation fallacy seems to have led quite a few members of my generation to believe that studying this nonsense makes you rich, not that being rich allows you to the luxury to study such things.

      Incidentally, if more people studied real stuff, perhaps more would have picked up enough math to be able to call bullshit on the Democrats for trying to spend nonexistent money and bullshit on the Republicans for allowing the Democrats to spend nonexistent money, instead of being all bent out of shape about the government not printing enough money.

    62. Re:The problem isn't the currency by benjamindees · · Score: 1

      By all means, feel free to enlighten us...

      --
      "I assumed blithely that there were no elves out there in the darkness"
    63. Re:The problem isn't the currency by ganjadude · · Score: 1

      sure, lets just give all our money to the government, and they can tell us how much we really need every week right?

      --
      have you seen my sig? there are many others like it but none that are the same
    64. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      I'm with the protesters, I don't know if they are particularly effective but at least they are demonstrating the normal people will not just be completely passive while the rich continual to steamroll over them.

                The "too big to fail" thing is bullshit. The *entire* financial system is unlikely to collapse. However, Bank of America and these other banks and investment firms that completely fucked up -- of course they could have been allowed to fail. FDIC would have backed people's bank accounts (for far less than these bailouts cost), and people with cash in their investment accounts would have just transferred them. There are loads of competent banks and investment firms around that would have been ever so happy to take over everyone's accounts.

                Anyway, yes, these firms should have been allowed to fail, and most definitely the heads of these companies should not have given themselves huge raises afterwards.

                It is absurd that (other than a handful like Warren Buffet) that the super-rich think (despite THEMSELVES receiving the most benefits from bailouts and such as well as using tricks to pay low tax rates) have begun referring to the bottom 50% as "freeloaders", and think that the bottom 50% (who are, in general, just scraping by) should have to pay huge new taxes to (as some rich person put it "put skin in the game"). It's telling that Jon Stewart pointed out that a 1% tax increase on the super-wealthy was rejected because it would only rasie some billions of dollars, while 100% tax on the bottom 50% would have raised *EXACTLY* the same amount of money, but these guys are still pushing to avoid tax increases to the rich while pushing taxing the poor. Warren Buffet points out that he is paying a lower tax rate -- around 17% -- than his employees -- generally 35-39%. This is wrong. As a libertarian, I believe there MUST be CONSIDERABLE spending cuts. But if taxes do have to be raised, the wealthy by definition have most of the money, corporations with large cash reserves are just sitting on them. If taxes have to be raised, that is where to go. If these wealthy (and their bought politicians) had not begun the nasty rhetoric of referring to "freeloaders" and such, I doubt these protests would have happened. But they did!

    65. Re:The problem isn't the currency by BeaverCleaver · · Score: 1

      Unfortunately "union" has become such a dirty word that it's hard for them to gain traction, even though credit unions have nothing in common with trade unions.

    66. Re:The problem isn't the currency by i_b_don · · Score: 1

      agreed

      --
      all language nazi's will burne in heil!
    67. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      You know, you sputtering right-wing young folks have been gesticulating wildly that the Western Europeans were headed for a financial ruinous debt hole FOR FUCKING YEARS.

      But last time I checked, most Western Europeans were STILL enjoying extreme high employment among those who want to be employed, an excellent level of social services, a high level of education, and 4 and 5 weeks of vacation every year...

      When is this implosion you speak of supposed to happen?

    68. Re:The problem isn't the currency by horza · · Score: 1

      How is VISA society?

      Phillip.

    69. Re:The problem isn't the currency by horza · · Score: 1

      Heh that joke never grows old.

      Phillip.

    70. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      The only way the finance system works is if greed is balanced by fear (if you study solitary waves it's like the balance between nonlinearity and dispersion).

      If you are too big to fail, you've removed the fear from the system - you know someone will come bail you out.

    71. Re:The problem isn't the currency by ahodgson · · Score: 1

      We need banks. We don't need THESE banks.

    72. Re:The problem isn't the currency by Tasha26 · · Score: 1

      I expect you will get a lot of "My parents didn't migrate from socialist Europe to USA to blablabla..." as response.

    73. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      Statistically they still win and capital gets further concentrated. Investments are only gamble when you only have a few shots, they are the Casino.

    74. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      And you think the government just did that to be nice? The reason they're protesting on Wall St. instead of in Washington is because the govt did what the banks told them to, with years and years of campaign contributions behind them and a gun to their head.

      You've got the cause and effect perfectly backward... the problem here is business control of government.

    75. Re:The problem isn't the currency by rallen911 · · Score: 1

      Capitalism means that you are free to share your food with those in need. Socialism means that you are forced to provide for those who can't or more importantly... won't.

      Do you invite the less fortunate to eat supper with you? I doubt it.

    76. Re:The problem isn't the currency by cjc25 · · Score: 1

      You think that begging a congressman for seed capital is a better way to build a society than presenting a business case to people who actually get paid based on successful investments? Or that we'd have less risk by centralizing the decision making behind every investment made in this country?

    77. Re:The problem isn't the currency by flyingsquid · · Score: 1

      The financial system does contribute to society by proving risk-willing capital.

      "Providing risk-willing capital", i.e. loans, is not necessarily a contribution to society. If I Ioan a small business owner money to expand his business, allowing him to serve more people's needs and hire more workers, then I'm benefitting society. If I loan a responsible, financially stable homeowner the money to buy his family a house at a reasonable price, then I'm benefitting society.

      But if I loan people the money to take out mortgages so that they can live beyond their means, how does that help society? If I loan someone the money to speculate by buying a house during the middle of a real estate bubble, how is that a benefit to society? And if I loan billions of dollars to investment banks and hedge funds to gamble on mortgage-backed securities and derivatives, how does that make the world a better place?

      Borrowing money is called financial "leverage" because it multiplies what you can do, financially. The problem is that while it increases your ability to do good things with your money- prudent investments in a house, an education, a small business- it also increases your ability to do stupid things with your money, like buy things you can't afford, gamble with a few million bucks on a house, or gamble with a few billion dollars on mortgage-backed securities. Being able to borrow money is a good thing only when that money is wisely spent.

    78. Re:The problem isn't the currency by LordLimecat · · Score: 1

      ,,,,You mean like bitcoin?

    79. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      Financial transaction tax.

      Please.

    80. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      Yeah, right.

      You know what? They already tried this. In many places. Eastern Europe is one of them. And guess what? It didn't work... surprised?

    81. Re:The problem isn't the currency by silas_moeckel · · Score: 1

      Capital has become the means of production, few businesses can work without it so you effective would have the government picking what companies get a chance and which ones do not.

      --
      No sir I dont like it.
    82. Re:The problem isn't the currency by silas_moeckel · · Score: 1

      Yet jobs go unfilled.

      --
      No sir I dont like it.
    83. Re:The problem isn't the currency by silas_moeckel · · Score: 1

      It has a lot to do with communism as that is the ultimate expression of communism. You could have communism where the state controls the means of production but does not take care of people it will not be long lived. Socialism is the cookie the nanny state will take care of all your needs.

      --
      No sir I dont like it.
    84. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      no, money is the problem. As long as there is currency there will be people that want to horde it.

      Money itself is a corruption (of energy, what it is supposed to represent). Energy is immediate, action, movement, change, alive. Money is stagnation, static, dead. This is the problem with the protesters, they won't all immediately go close their bank accounts, they bleat about the robber banksters. There are no fair shares, no fairness even, no justice. Wake the fuck up!

    85. Re:The problem isn't the currency by nahdude812 · · Score: 1

      In HF trading, there's still risk that the trade is unprofitable. By taxing profits and giving no discount for losses, this may make the practice at large unprofitable. Even if not, this could still be a significant source of revenue for the government. Whatever the means, whether by a percentage based tax, flat transaction fee, per-share transaction fee, or some combination thereof, the point is that there should be an increase in friction for rapid trading, preferring to reward long term share holders, and making same-day trades rarely profitable.

      The current setup rewards companies exclusively for short-term profit. It's short-sighted at a national level even if very profitable at an investor level. Basically it allows investors (the "1%") to sap value directly out of the economy. Every dollar they make is a dollar that came from somewhere else where it most likely did more good than it does in a wealthy portfolio.

    86. Re:The problem isn't the currency by Anonymous Coward · · Score: 0

      Being able to borrow money is a good thing only when that money is wisely spent.

      But but capitalism means that everyone is perfectly wise! Communist central planners are the only stupid people who decide what to do with money!

    87. Re:The problem isn't the currency by Just+Brew+It! · · Score: 1

      Your 2% inflation over 100 years reduced the value of a dollar roughly seven-fold. The Mortgage Backed Securities scam foisted upon us by the Wall Street investment banks was leveraged to the hilt (I've seen figures as high as 35x), and this happened over a period of just a few years, not a century. This effectively pumped billions of "fake" dollars into the economy without our government needing to mint a single extra cent. Of course like any Ponzi scheme, it had to collapse eventually; the current economic pain is the ongoing result of what was effectively a massive reset.

      Greed was the motivation. Excessive leverage facilitated by lax regulation of the banking an investment industries allowed it to happen.

      So the protesters have it half right, in that they are blaming Wall Street. But they're also asking the very people who were complicit in creating this mess -- our government officials and banking regulators, many of whom are from Wall Street -- to fix it. Some of the demands coming out of the movement are also far enough out there to ensure that they will not be taken seriously (though the list from the "Occupy Chicago" faction seems to be mostly reasonable...)

    88. Re:The problem isn't the currency by Nadaka · · Score: 1

      You can have socialism without a nanny state significantly infringing on personal liberty. Without socialism there is no defense against the greed of the plutocracy, and they can take your personal liberty for profit without repudiation.

    89. Re:The problem isn't the currency by NevarMore · · Score: 1

      Blackjack and hookers.

    90. Re:The problem isn't the currency by jbmartin6 · · Score: 1

      Central planning hasn't worked yet on any large scale. See for example, Soviet Union, Communist China, North Korea. The problems with mis-allocation of capital is mostly caused by central planning, such as skewing the market by artificially lowering credit or creating markets for secondhand mortgages. http://en.wikipedia.org/wiki/Malinvestment

      --
      This posting is provided 'AS IS' without warranty of any kind, implied or otherwise.
    91. Re:The problem isn't the currency by I'm+just+joshin · · Score: 1

      The problem with this line of thinking is you're making the leap that those unemployed possess the same skills and motivation as those working 60 hour weeks. I work 60 hour weeks because my clients can't find others with my skill set. I love it as I can pretty much set my rate and other terms at what I deem to be excessively high and they're happy to pay it.

    92. Re:The problem isn't the currency by tbannist · · Score: 1

      That would be the 1% that controls most of the media again, after all you won't find any of them in a union. They want people to hate unions because when the "peons" stand together then they actually get some power, and that's just not acceptable.

      --
      Fanatically anti-fanatical
    93. Re:The problem isn't the currency by benjamindees · · Score: 1

      foisted upon us

      See, here's where you're wrong. No one was forced to invest in mortgage backed securities. Anyone who did obviously deserved to lose their asses. And regulators who colluded with Wall St. or were asleep at the wheel deserve blowback as well. No doubt.

      But we were forced to bail them out. And it wasn't through the US government. TARP was political theatre, a few hundred billion dollars that was immediately paid back with new money, 16 trillion dollars freshly printed by the Federal Reserve using their ability to inflate the currency.

      So, while it was complicated and designed to confuse you, please try to understand how things really work and stop with this trite "greed is bad" leftist horseshit. The only reason people are on the streets is because the heat was turned up and they're getting boiled a little faster than usual.

      --
      "I assumed blithely that there were no elves out there in the darkness"
    94. Re:The problem isn't the currency by Myopic · · Score: 1

      You make a good point, a point which perhaps controls the policy determination of whether or not government should be the primary or exclusive providers of capital. Still, I don't think such a system would be "communism" the way I understand it. If you disagree, I'm okay with that, and I don't think less of you.

    95. Re:The problem isn't the currency by Just+Brew+It! · · Score: 1

      See, here's where you're wrong. No one was forced to invest in mortgage backed securities. Anyone who did obviously deserved to lose their asses.

      Forced, no. But definitely misled: Those securities were fraudulently rated AAA -- the highest investment grade -- by ratings agencies who were effectively being paid off by the bond issuers. This disconnect between the bond rating and actual investment risk was a major contributing factor to the ensuing train wreck. I don't see how this can be described as anything other than fraud, motivated by greed, and facilitated by a lack of oversight.

      You're a Gold Bug, right? I think I've gotten pretty good at spotting them... ;-)

    96. Re:The problem isn't the currency by Just+Brew+It! · · Score: 1

      It is also a bit disingenuous to whine about the bailout, but completely ignore the things which made it necessary. A system which allowed the MBS debacle and "too big to fail" banks is clearly a broken system.

    97. Re:The problem isn't the currency by benjamindees · · Score: 1

      It is fraud. But it was just as much motivated by stupidity and recklessness and structural flaws (such as inflation), as by greed. Besides, the creation of efficient air conditioners is also motivated by greed, as are a million other beneficial aspects of a functional economy. Greed is not the problem. It is just a leftist talking-point.

      I've never purchased any gold. I'm a couple of steps beyond the gold bugs, actually.

      --
      "I assumed blithely that there were no elves out there in the darkness"
    98. Re:The problem isn't the currency by benjamindees · · Score: 1

      Nothing made the bailouts necessary. You want to whine about "greed", and then justify handing bankers trillions of dollars stolen through a regressive inflation tax. Don't call me "disingenuous".

      --
      "I assumed blithely that there were no elves out there in the darkness"
    99. Re:The problem isn't the currency by Just+Brew+It! · · Score: 1

      Well, you can argue that allowing the banking system to fail would've been the lesser of two evils. But I doubt I would believe you. Everything is too damn interconnected.

    100. Re:The problem isn't the currency by GodInHell · · Score: 1

      Or that they can make more money doing just-in-time trading on the money markets. Because lord knows banks always turn away a profit when the country's leader is picking on them.

  7. Protests by CFBMoo1 · · Score: 5, Interesting

    I'd join the protest if I wasn't taking care of my Mother after my Father died. I think it's a crock how things are but I also feel the top 1% aren't fully to blame. The 99% needs to learn to not be asleep at the wheel half the time and learn to say no together in order to get things done like boycotting things and not just go for "I got mine, too bad about yours" deals.

    --
    ~~ Behold the flying cow with a rail gun! ~~
    1. Re:Protests by Anonymous Coward · · Score: 0

      Maybe the 99% can learn to avoid mono space fonts too.

    2. Re:Protests by ackthpt · · Score: 1

      I'd join the protest if I wasn't taking care of my Mother after my Father died. I think it's a crock how things are but I also feel the top 1% aren't fully to blame. The 99% needs to learn to not be asleep at the wheel half the time and learn to say no together in order to get things done like boycotting things and not just go for "I got mine, too bad about yours" deals.

      I blame the politicians who claim that 1% are sacred cows. Something rather sick about the way they keep protecting them and demanding they get tax cuts (which have proven not to help the economy or encourage investment.)

      --

      A feeling of having made the same mistake before: Deja Foobar
    3. Re:Protests by Nutria · · Score: 2

      The 99% needs to learn to not be asleep at the wheel half the time

      The 99% needs to stop wanting to be numbed into oblivion by Bud Light and the Vast Wasteland (more now than just television).

      But then... maybe 99% of the population wants to be numb because they are -- to one degree or another -- followers. After all, we are social animals, and social animals organize themselves into hierarchies.

      --
      "I don't know, therefore Aliens" Wafflebox1
    4. Re:Protests by Anonymous Coward · · Score: 0

      In case you havent noticed.. the politicians are PART OF the 1%. So OF COURSE they treat themselves as sacred cows.

    5. Re:Protests by ByOhTek · · Score: 1

      What about the 20-30% (probably more than that) of that 99% who actually work and are productive for a living, rather than focusing on getting every penny they can?

      Our society prizes people who fight in the rat-race for money and are lucky/persistent enough to succeed, not those that actually benefit it.

      --
      Self proclaimed typo king, and inventor of the bear destroying coffee table (patent not pending).
    6. Re:Protests by sgt+scrub · · Score: 1

      Something rather sick about the way they keep protecting them and demanding they get tax cuts

      Politicians are ticks attached to the ass of the 1%. If the blood runs dry they die.

      --
      Having to work for a living is the root of all evil.
    7. Re:Protests by Nutria · · Score: 1

      I'd say that there are degrees of followiness, which is why I did not use the word "sheeple".

      --
      "I don't know, therefore Aliens" Wafflebox1
    8. Re:Protests by NonSequor · · Score: 1

      I'd join the protest if I wasn't taking care of my Mother after my Father died. I think it's a crock how things are but I also feel the top 1% aren't fully to blame. The 99% needs to learn to not be asleep at the wheel half the time and learn to say no together in order to get things done like boycotting things and not just go for "I got mine, too bad about yours" deals.

      I blame the politicians who claim that 1% are sacred cows. Something rather sick about the way they keep protecting them and demanding they get tax cuts (which have proven not to help the economy or encourage investment.)

      Here's the deal: the top 1% includes some people who amassed a multimillion net worth through decades of hard work. My father is one of them. He spent decades reinvesting his share of his small business in the business and cashed out a multimillionaire. When he tried to retire they begged him to stay because they needed to hire three new people to cover the work he did.

      1% isn't really a great threshold because it includes a lot of Main Street employers, many of whom might side with the 99% against the .01% (which are the truly scary wealth holders) if people were more careful with their rhetoric.

      --
      My only political goal is to see to it that no political party achieves its goals.
    9. Re:Protests by Anonymous Coward · · Score: 0

      What ever happened to hard work, education, and going the extra mile to get ahead, and building something for you and your family?

    10. Re:Protests by Anonymous Coward · · Score: 0

      > In case you havent noticed.. the politicians are PART OF the 1%.

      Not really... they're just allowed to live as though they're part of it, as long as they play along with the game and make their overlords happy. Their overlords aren't shy about reminding them about this, either.

      Just to throw out one obvious example, Marco Rubio. Right now, he's the Teaparty darling and rockstar Republican from Miami. If he suddenly fell out of favor (say, he were caught getting a blowjob from a guy in a Wal Mart parking lot somewhere in Anacostia), he'd be financially crushed within a matter of weeks, and be forced to declare bankruptcy within a year. The fact is, it doesn't matter whether Marco agrees with his supporters or not -- he has no choice but to go along with them, because his economic well-being totally depends upon it. He's just one of many.

    11. Re:Protests by Anonymous Coward · · Score: 0

      But then... maybe 99% of the population wants to be numb because they are -- to one degree or another -- followers. After all, we are social animals, and social animals organize themselves into hierarchies.

      I think you hit the nail on the head. In this respect, you can put people into one of three categories: Followers, leaders, and loners. Followers are by numerous orders of magnitude the biggest group, followed by loners, then leaders.

      The problem is, the people who are doing the complaining now are, for the most part, loners. They can, in theory, do things on their own, but they do not inspire leadership. They don't know how to lead. They know how to look after their own asses and maybe find a few other loners who sympathize with them. The leaders (the so-called 1%), however, want followers, and the followers want leaders. Thus, the followers follow the leaders and the leaders lead the followers.

      Note that there's no place in that equation for the loners. That's where we are. The leaders and followers are one big happy family. Or at any rate, stupefyingly bigger than the ragtag group of loners (and given the amount of complaining, cynicism, and misery going on, potentially happier, too). And, unlike in comic books and movies, the ragtag group of loners frequently lose. You only hear about the statistically insignificant few who win; the leaders and followers simply walk over the rest without even breaking stride.

    12. Re:Protests by sonicmerlin · · Score: 1

      The 99% aren't the borg. They can't coordinate their purchases across the country. These Wall Street protests *are* the 99% saying "no together".

    13. Re:Protests by Antisyzygy · · Score: 1

      There are a lot of people who work and are productive. Wages have been frozen for a decade while CEO's and other higher-ups get record busting bonuses. To top it off, everyones in usurious debt. Its essentially the greed of the elite and the stupidity of the average person causing these problems. Its a combination of the wealthy using people, and the average Joe demanding ridiculous entitlements. California is a prime example of entitlements gone wild.

      --
      That brings me to an interesting point, / . is just "the ramblings of socially-inept, technology-literate news-mongers".
    14. Re:Protests by Vancorps · · Score: 1

      Sorry, what's your point here? Why do people need to be careful with their rhetoric in this instance? Warren Buffet is also in the top 1% and supports higher taxes on the super rich, and yet we still don't see tax cuts. Also worth noting that since your father has retired, cutting his taxes won't do anything to spur further investment or employment so you support the argument at hand.

      1% is a much easier number to standardize on. It doesn't mean anything against your father other than the possibility that he may have to pay more in taxes. Depending on how his retirement funding was structured he may have even paid taxes already and thus would have nothing to worry about.

    15. Re:Protests by The+Dawn+Of+Time · · Score: 1

      Since this "99%" is demanding that "the 1%" take care of them, I'm pretty sure you've hit the nail on the head.

    16. Re:Protests by Anonymous Coward · · Score: 0

      the 99% are asleep at the wheel because the 1% engineered that to be the path of least resistance. Those power brokers want a disinterested base; then they can continue to shovel whatever products they want down our throats, like cows at a feeding trough, regardless of whether it's tv, radio, food, consumer electronics, cars whatever. It takes time to wake a sleeping giant, especially one who has been sleeping so deeply. There is a strong boycott movement going on right now, as a result of these protests, directing people to remove their cash from the 4 major banks (there really are only 4 now, regardless of branding). Move it to a credit union. As a result of one congressman's exposure to the OWS crowds in Raleigh, he returned with a bill proposing limitations on banks penalizing people for removing their money from the banks.

    17. Re:Protests by NonSequor · · Score: 1

      You need to be careful with your rhetoric because, at times, he's an idiot and he assumes that you're specifically attacking him even if you aren't. He's generally amenable to middle of the road suggestions but retreats to the right when the left get militant. What we ultimately want is something that reasonable people can agree on rather than something dictated by either extreme, and to do that you have to be mindful of the fact that some people on both sides read too much into the other side's rhetoric.

      --
      My only political goal is to see to it that no political party achieves its goals.
  8. Completely valid by GameboyRMH · · Score: 0

    It's about damn time. The disparity in wealth and power in the US is staggering, and I know that most don't like it.

    I bet Obama's going to make this an issue in his re-election campaign. If he gets re-elected, hopefully he'll remember it once the election is over...

    --
    "When information is power, privacy is freedom" - Jah-Wren Ryel
    1. Re:Completely valid by AnonGCB · · Score: 1, Insightful

      The problem isn't wealth distribution, it's the fact that the government can regulate the industry and just print money and give it to the corporations. With a central point of failure (the federal government) it's easy for business to become corrupt.

      Treat the source, not the symptom. Get the federal government back to doing the (very) few things that it is mandated to by the constitution.

      As for Obama, he didn't really remember much of his campaign platform after he was elected last time, I don't see why it'd be different this time.

      --
      http://CryoLANparty.com/ A lan I'm staff on!
    2. Re:Completely valid by Mindragon · · Score: 1

      Yes...you will see Obama use some of the Occupy issues as talking points. No...it is my believe that you will not see change as a result of it. It would take an awful lot of editing of US Laws and Regulations as well as changes in the attitudes of those in Wall Street and running the US Corporations in order to see real change. Most of all, you would need to see real compassion in the hearts and minds of those running the world. This will not happen anytime soon. Most likely, what we will see is a polarized election debate wherein the 99% are pitted against the 1%. The Republicans are going to continue to say No. The Democrats are going to vilify the very people that they will support post elections. The right wingers on Fox news are going to derp some more. The left wingers are going to mock the derping some more and we will be ... still ... at the mercy of the 1%. It has been this way for more than a thousand years. It will be this way a thousand years from now unless people wise up.

      --
      Just add {In Space!} to anything.
    3. Re:Completely valid by AnonGCB · · Score: 1

      Note that I don't feel strongly one way or another on the protests - from what I've heard the people are justly angry but are focusing it on the wrong people and are asking for the wrong change. It's likely that if they get legislation passed then they will be making the government clamp down on the businesses - which is just as bad, but in the other direction.

      --
      http://CryoLANparty.com/ A lan I'm staff on!
    4. Re:Completely valid by Anonymous Coward · · Score: 0

      Correct. The problem is power distribution, not wealth distribution. If you have corrupt power brokers then wealth can lead to power but wealth is secondary.

    5. Re:Completely valid by ShavedOrangutan · · Score: 1

      I bet Obama's going to make this an issue in his re-election campaign. If he gets re-elected, hopefully he'll remember it once the election is over...

      Well, last election he DID say he'd Spread the Wealth Around. What he didn't tell us is that it would be to AIG, Citigroup, Bear Stearns, Bank of America, Fannie Mae, Freddie Mac, GM, Chrysler, etc, etc, etc, etc...

      --
      Godaddy is a scam and a ripoff.
    6. Re:Completely valid by airfoobar · · Score: 2

      In other words... the problem is that industry regulates the government.

    7. Re:Completely valid by RightSaidFred99 · · Score: 1

      But isn't wealth disparity just something stupid people complain about?

      Thought experiment - let's say the 5% richest people in the US move to Mexico (or Canada, or wherever). Wealth disparity instantly "improves" in the US. Please explain how this great leveling of wealth helps anyone here in the US?

    8. Re:Completely valid by Anonymous Coward · · Score: 0

      It's about damn time. The disparity in wealth and power in the US is staggering, and I know that most don't like it.

      I bet Obama's going to make this an issue in his re-election campaign. If he gets re-elected, hopefully he'll remember it once the election is over...

      He didn't seem to remember any of his original campaign promises, why would he start now?

    9. Re:Completely valid by Anonymous Coward · · Score: 0

      You're assuming their wealth is entirely liquid cash assets. If their wealth involves things like real estate and businesses, and the only way they an move is to abandon those assets, then there would be a potential improvement in the US. Assuming the assets weren't snapped up by the remainder of the 5% who didn't leave, in which case the same percentage would go from being owned by 5% to being owned by ~3%.

    10. Re:Completely valid by luckymutt · · Score: 2

      Are you talking about TARP, that was signed into law by George W. Bush a full month prior to the elections?

    11. Re:Completely valid by GameboyRMH · · Score: 1

      Well if they take their lobbying dollars with them, that's a great start! Sure sucks for Canada though...

      --
      "When information is power, privacy is freedom" - Jah-Wren Ryel
    12. Re:Completely valid by jo_ham · · Score: 1

      That photo of GWB with the tag line "I fucked it all up, thanks for blaming it on the black guy" is extremely appropriate here.

      Obama did not bail out AIG, Citigroup, Bear Stearns.... etc etc

    13. Re:Completely valid by Just+Another+Perl+Ha · · Score: 4, Insightful


      Sorry... no.

      Sad as it may seem, the federal government (as screwed up as it is) is the only body that could possibly keep these fuckers in check. Your proposal would make the federal government weaker which would in turn make the Wall St. asshats stronger which in turn screws us all.

      Instead of drowning the federal government in a bathtub (ala Grover Norquist), I suggest we take our government back from the greedy pigs and use that power to set things straight.

      Simply getting rid of the sheep dogs because they've sold out to the wolves is not the way to go. If you leave the sheep to fend for themselves, we'll all end up as wolf poop.

      What we need is new sheep dogs.

    14. Re:Completely valid by Duhavid · · Score: 1

      It doesnt, because it is really the issue of those with money using legislation to ensure their returns/profits/power that is the issue. The wealth disparity is symptom.

      Remove all the ability to donate corporate money to election campaigns, and unlimited campaign contributions ( elected official buying ), and I expect you will see a difference.

      --
      emt 377 emt 4
    15. Re:Completely valid by JustinKSU · · Score: 1

      In other words... the problem is that industry regulates the government.

      Is this the "job-killing" regulation everyone is talking about?

    16. Re:Completely valid by nbauman · · Score: 1
    17. Re:Completely valid by JaredOfEuropa · · Score: 1

      The disparity in wealth makes for tasty factoids that are nice for op-ed pieces or signs at protest rallies, but it's a side issue. Just like the bonuses given to bankers and traders are a side issue (and one that banks would just love us to focus on). What matters is power.

      I don't mind an industrialist making billions, or a banker getting a big fat check for gambling on some short term goals. What I do object to is that industrialist being able to influence legislators to the extend that laws are being drafted not with the well-being of the state and the people in mind, but solely to further the interests of that industrialist or his industry. I object to being forced to bail out irresponsible bankers, and pretty much having no choice in where to put my retirement fund... well, I can choose between irresponsible bankers, greedy insurers who charge half the fund's revenue in "fees", or responsible pension funds... that get a big chunk of their reserves appropriated by a greedy government as "overage" (this happened in the Netherlands in the 80s).

      The state should be in control. And by that I do not mean the state should involve themselves with the day-to-day of every aspect of business, but they should be ready, willing, and able to step in when the situation demands it, when business oversteps its bounds. Not more rules and regulations, but better oversight.

      --
      If construction was anything like programming, an incorrectly fitted lock would bring down the entire building...
    18. Re:Completely valid by RightSaidFred99 · · Score: 1

      Odd how we the people never accept any responsibility. It's always those evil corporations somehow forcing us to vote for politicians. I don't recall Proctor and Gamble paying me to vote any given way. Apparently they're running hypnotic ads which force people to vote for the candidate?

      Since you can't blame the tragedy of the commons, we apparently blame the corporations. Makes sense...

      Personally, I vote against a politician if I disagree with their policies - no matter how many TV commercials some corporation runs or pays for.

    19. Re:Completely valid by airfoobar · · Score: 1

      Maybe... The kind of regulation I'm talking about "doesn't exist". Ask Wikileaks.

    20. Re:Completely valid by LanMan04 · · Score: 1

      The real problem is that as soon as you elect a mouse, he turns into a cat.

      --
      With the first link, the chain is forged.
    21. Re:Completely valid by JustinKSU · · Score: 1

      My interpretation of your statement was that that industry (corporations) regulate (control) the government therefore causing laws that are so corporate friendly that they are designed to create/maintain the so-called "1%".

    22. Re:Completely valid by rallen911 · · Score: 1

      You are 100% right. With government able to pick winners and losers by not applying the law the same in every case, companies are able to "contribute" and get favors. The corruption in government enables the crony capitalism that distorts the economy.

    23. Re:Completely valid by Duhavid · · Score: 1

      "Odd how we the people never accept any responsibility."

      It absolutely is our responsibility, collectively.

      "It's always those evil corporations somehow forcing us to vote for politicians."

      I didn't say corporations were evil. Nor that they were using direct coercion to make us vote a particular way.
      Getting elected is all about being able to get money to run the campaign. Making sure all the right sound bites are out there.
      ( Which ties into the above, yes, we *should* ignore the sound bites and pay attention to policy, but voters run to what is simple. )
      As long as the large amounts of money are coming from corporations, those corporations will expect that money to benefit them.
      Otherwise, why are they putting it out there?
      So, once the politician has had the use of the money to get elected, it will be hard for them to not vote in accord with the corporation's will.

      Personally, I vote as you do, but what choices do I have in politicians? Usually it is one idiot democrat against a stupid republican, neither of whom represents "me", nor the electorate he / she / it supposedly represents.

      Get the money out, limit the amounts and locations the contributions can come from, then politicians will have to align with their electorates to get elected, which is the main goal to begin with ( proper representation ).

        I don't recall Proctor and Gamble paying me to vote any given way. Apparently they're running hypnotic ads which force people to vote for the candidate?

      Since you can't blame the tragedy of the commons, we apparently blame the corporations. Makes sense...

      Personally, I vote against a politician if I disagree with their policies - no matter how many TV commercials some corporation runs or pays for.

      --
      emt 377 emt 4
    24. Re:Completely valid by Myopic · · Score: 1

      I think everything you said would solve the problem, would actually make the problem worse. I'm fine with keeping the federal government within the bounds of the Constitution, but only if we change the Constitution to cover almost all of what the federal government does. There is very little of the federal government that I would currently do away with, and most of that is the military, which is perfectly Constitutional*.

      * except for the Air Force, which is unconstitutional, according to a plain reading of the text.

    25. Re:Completely valid by rallen911 · · Score: 1

      No. If you didn't have government officials willing to take money for favors, then corrupt business would have nowhere to go with their money.

      Think of it this way... A parent allows their child to stay up late every night, even though they both know that bed time is 9:30. It's the parent's fault when the kid throws a tantrum when they try to enforce the 9:30 bed time. If the rules were applied the same way all the time without preferential treatment for one child over another, there wouldn't be any tantrums. They would go to bed at 9:30, because that's when bed time is, no questions asked.

      If government would apply the law equally, without picking winners and losers, then businesses would have to operate within the law. The will do whatever they are allowed to do, just like children. On the flip-side, over regulation stifles business. There is a balance to what rules the Federal Government should regulate, and I believe those are spelled out in the Constitution. The states can deal with the rest. That way the balance can be investigated in 50 different experiments.

    26. Re:Completely valid by stoicfaux · · Score: 1

      It is about wealth distribution. The top richest 400 families own more wealth than the bottom 50%. Do you really believe that ~2,000 Americans provide more value and have more worth than 150 million Americans?

      If wealth, aka money, represents time and skills, do you really think that 400 American families can provide more skills and time to society than 150 million Americans?

      If wealth represents physical wealth, such as land, do you really think 400 American families can make better productive use of that much physical wealth than 150 million Americans?

      Capitalism is a tool to support society by efficiently allocating resources and promoting individual initiative. Society, and thus capitalism, depends on people to make it work. If 50% of our population isn't benefiting from capitalism, then 50% of our population is going to stop supporting society. And when push comes to shove, it's 150 million Americans against 400 families. Who are you going to bet on? Or do you think that a dwindling middle class is going to keep 50% of Americans in check in order to preserve the top few percent?

    27. Re:Completely valid by nbauman · · Score: 1

      The real problem is that as soon as you elect a mouse, he turns into a cat.

      Now you're thinking.

      Mouseland (As told by Tommy Douglas in 1944)

      (You can listed to Tommy tell this story in his own words in our Audio Files section )

      It's the story of a place called Mouseland. Mouseland was a place where all the little mice lived and played, were born and died. And they lived much the same as you and I do.

      They even had a Parliament. And every four years they had an election. Used to walk to the polls and cast their ballots. Some of them even got a ride to the polls. And got a ride for the next four years afterwards too. Just like you and me. And every time on election day all the little mice used to go to the ballot box and they used to elect a government. A government made up of big, fat, black cats.

      Now if you think it strange that mice should elect a government made up of cats, you just look at the history of Canada for last 90 years and maybe you'll see that they weren't any stupider than we are.

      Now I'm not saying anything against the cats. They were nice fellows. They conducted their government with dignity. They passed good laws--that is, laws that were good for cats. But the laws that were good for cats weren't very good for mice. One of the laws said that mouseholes had to be big enough so a cat could get his paw in. Another law said that mice could only travel at certain speeds--so that a cat could get his breakfast without too much effort.

      All the laws were good laws. For cats. But, oh, they were hard on the mice. And life was getting harder and harder. And when the mice couldn't put up with it any more, they decided something had to be done about it. So they went en masse to the polls. They voted the black cats out. They put in the white cats.

      Now the white cats had put up a terrific campaign. They said: "All that Mouseland needs is more vision." They said:"The trouble with Mouseland is those round mouseholes we got. If you put us in we'll establish square mouseholes." And they did. And the square mouseholes were twice as big as the round mouseholes, and now the cat could get both his paws in. And life was tougher than ever. And when they couldn't take that anymore, they voted the white cats out and put the black ones in again. Then they went back to the white cats. Then to the black cats. They even tried half black cats and half white cats. And they called that coalition. They even got one government made up of cats with spots on them: they were cats that tried to make a noise like a mouse but ate like a cat.

      You see, my friends, the trouble wasn't with the colour of the cat. The trouble was that they were cats. And because they were cats, they naturally looked after cats instead of mice.

      Presently there came along one little mouse who had an idea. My friends, watch out for the little fellow with an idea. And he said to the other mice, "Look fellows, why do we keep on electing a government made up of cats? Why don't we elect a government made up of mice?" "Oh," they said, "he's a Bolshevik. Lock him up!"

      So they put him in jail.

      But I want to remind you: that you can lock up a mouse or a man but you can't lock up an idea.

    28. Re:Completely valid by chronoglass · · Score: 1

      this.
      lobbying/contributions needs to be called what they are, a bribe.
      there was a point in time where, yes, money was needed. ALOT of money for campaigning, but we live in a different world.

      your commercials are annoying, if I want to see you smear "the other guy" you can do it in a debate, face to face.
      if people believe in you, they can and will donate their time..

      go do interviews for "ad time", pump your web site, stand on your own two feet like any of us have to.

      is it as "effective" as it is today? how much has voter turnout increased since the advent of "targeted marketing"

      this would only work if everyone has to do it.. sure, the rich would have an advantage, already having the money to put towards politicking.. but for the most part, they don't want to.. which is why they "donate" to run by proxy.

    29. Re:Completely valid by IamTheRealMike · · Score: 1

      But isn't wealth disparity just something stupid people complain about?

      It's confusing because there are different causes of wealth disparity. People who work hard vs people who are lazy, for instance, doesn't tend to bother people a whole lot.

      What we have today though is the case where some people are essentially privileged by the system. They aren't the beneficiaries of wealth disparity because they're smarter, or harder working, or even just luckier than everyone else. They're the beneficiaries because a broken system funnels wealth their way. It's this system that provokes civil unrest. It's not even the people - at some level, I think everyone understands that in theory they could be a banker, or a politician, or whatever. But in practice not everyone can be a part of that privileged elite.

      Maybe you don't believe me that there is such a thing as unfair wealth disparity. Consider this. Somebody smarter than me has created an investment fund. It consistently outperforms the market. How do they do it? The fund tracks the investments of US Senators, in particular junior Democrats. It turns out that US politicians are largely exempt from the laws that make insider trading illegal. Unsurprisingly then, they do a lot of insider trading, and profit off that. By copying what they do, you can potentially get a little bit of that (unless of course everyone starts doing it). But why is this fair? One rule for them, one for the rest is the very often the foundation of civil unrest.

    30. Re:Completely valid by tsotha · · Score: 1

      I bet Obama's going to make this an issue in his re-election campaign.

      Of course he will. He can't very well run on his record.

    31. Re:Completely valid by Zancarius · · Score: 1

      Are you talking about TARP, that was signed into law by George W. Bush a full month prior to the elections?

      And drafted largely by the Democrats who controlled both houses.

      --
      He who has no .plan has small finger. ~ Confucius on UNIX
    32. Re:Completely valid by bar-agent · · Score: 1

      Are you talking about TARP, that was signed into law by George W. Bush a full month prior to the elections?

      And drafted largely by the Democrats who controlled both houses.

      Much like the failed economic measures of this year that were proposed by Obama but gutted by the Republicans. But of course they call that "Obama's failed policies," not "the Republicans' failed policies."

      --
      i'd hit it so hard, if you pulled me out you'd be the king of britain [bash.org]
    33. Re:Completely valid by AnonGCB · · Score: 1

      "I'm fine with keeping the federal government within the bounds of the Constitution, but only if we change the Constitution to cover almost all of what the federal government does."

      Reread what you wrote and think about it for a while.

      --
      http://CryoLANparty.com/ A lan I'm staff on!
    34. Re:Completely valid by AnonGCB · · Score: 1

      There is nothing wrong with capitalism, the problem is that government exists and is easy to corrupt. If people kept a closer eye on the fed and made sure they were doing a very few specific things, everyone would be much better off. Do you really think 400 families could have accumulated that wealth without bribing some officials in D.C. at some point or another?

      --
      http://CryoLANparty.com/ A lan I'm staff on!
    35. Re:Completely valid by stoicfaux · · Score: 1

      Firstly, conversely, capitalism isn't foolproof either. It can develop natural monopolies that require government action to control or to break-up.

      Secondly, in regards to your statement that "nothing wrong with capitalism," I would counter that under pure capitalism, *everything* can be bought and sold, including votes. So if government officials aren't supposed to be bought off, then that implies that capitalism has something wrong with it and needs to be kept in check.

      I guess I'm saying that capitalism has significant advantages, but it's definitely not the sacred cow that many of our politicians like to portray it as. The real question is when do we start debating as to whether capitalism has failed or whether government has failed or whether the voters have failed or some combination thereof?

    36. Re:Completely valid by PintoPiman · · Score: 1

      Sad as it may seem, the federal government (as screwed up as it is) is the only body that could possibly keep these fuckers in check. Your proposal would make the federal government weaker which would in turn make the Wall St. asshats stronger which in turn screws us all.

      To the contrary. Large government benefits large corporations. Complicated regulations like SarbOx are affordable for mega-corps but not for relatively smaller corps (though in fairness tiniest of businesses are exempt). Larger corps can afford a larger lobbying budget to get the regs they want and kill the ones they don't. Larger corps can afford the legal and accounting expenses necessary to navigate our labyrinthine IP and tax laws for maximum advantage. There's a revolving door between the defense department and its contractors, between the FDA and big pharma, between Goldman Sachs and the Fed, etc. Individuals, small businesses and even small corporations are outgunned in this environment. They don't have the resources or the connections to buy the government influence they'd need to compete. I'd love to see smaller government AND smaller corporations. Big government just leads to big rents sought by big rent-seeking mega-corps.

    37. Re:Completely valid by bckrispi · · Score: 1

      If the Republican minority in the Senate were so *gasp* against it, they could have filibustered. Just like they did with just about every other meaningful piece of legislation.

      --
      Xenon, where's my money? -Borno
    38. Re:Completely valid by Phoobarnvaz · · Score: 1

      Sorry... no. Sad as it may seem, the federal government (as screwed up as it is) is the only body that could possibly keep these fuckers in check. Your proposal would make the federal government weaker which would in turn make the Wall St. asshats stronger which in turn screws us all.

      The problem is that this country was started because you had the moneyed interests getting pissed off on paying off the war debts the British ran up protecting the colonists from the "dreaded" Native Americans. When they cried as a colony with no representation in Parliament...you had your colonial "Grover Norquist's" who threw off British rule. After the war and the Constitution being ratified...you had Washington using troops to shut down "illegal" local moonshiners who believed the Federal government had no power to tax their whiskey.

      Instead of drowning the federal government in a bathtub (ala Grover Norquist), I suggest we take our government back from the greedy pigs and use that power to set things straight.

      Personally...I believe it's going to take boarding up some business exec's in their homes with their family and burn the house down with them inside of it. The troops will be called of course...but if you send a message that your business practices and morals are not for the common good...some will change their behavior because they know the same could happen to them.

      Whether or not people believe it...the French/Russian Revolutions did put fear into the moneyed elite. Many were shot/hung/decapitated because they did not believe it could happen to them. When the elite believe their money/power will protect them when you have those who are starving and little hope...they will change once martyrs are made. You have martyrs...you have something to fight behind. Ideas are powerful and non-stoppable.

      --
      Don't worry about the world coming to an end today. It's already tomorrow in Australia. - Charles M. Schulz
    39. Re:Completely valid by RightSaidFred99 · · Score: 1

      I totally agree, we should have one system for all and ridiculous shit like you mention should be stopped. I think you'll find, however, that it won't stop the core issue. Money, in a capitalist system, tends to concentrate. And capitalism may not be the perfect system, but there's none better.

    40. Re:Completely valid by rallen911 · · Score: 1

      Their morals which lack greed as opposed to yours which lack respect of human life.

    41. Re:Completely valid by dryeo · · Score: 1

      * except for the Air Force, which is unconstitutional, according to a plain reading of the text.

      And the only part that is likely to be changed to being constitutional.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    42. Re:Completely valid by rallen911 · · Score: 1

      *Fix for bad typing above*

      Their morals which focus on greed, as opposed to your morals which lack respect of human life.

    43. Re:Completely valid by rallen911 · · Score: 1

      Name one thing that the Government currently does, that they do better and more cost effectively that it could otherwise be done by someone else.

      The bigger government gets, the less significant you (or I) become. That IS a big part of the problem right now. We are unable to "donate" enough money to get their attention. They pass laws that are lobbied for.

      It's time to start applying some of the checks on their power as laid out in the Constitution. Only when we get it (government) under control, will it do what we need it to do.

    44. Re:Completely valid by dryeo · · Score: 1

      We've been trying that here in Canada, no corporate donations, only limited personal donations, public funding based on votes in the last election. Doesn't seemed to have helped much though, we've still got a shitty government who do a good talk but their actions are exactly opposite. They promised to cut spending and re-balance the budget (which was balanced until they got into power) by building lots of prisons, buying lots of military equipment, and cutting taxes more. though they did do away with the public election funding.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    45. Re:Completely valid by Duhavid · · Score: 1

      Where in Canada? Or are you saying all of it?

      --
      emt 377 emt 4
    46. Re:Completely valid by lonecrow · · Score: 1

      Here here., If your town is being overrun by bullies and corrupt cops your solution is not to defund city hall and scrap your local government. Your solution is to clean up and strength your government and justice system with ethics and integrity so that the laws apply to everyone the same.

      I think the protestors have very valid emotions and are looking in the right direction of somehow keeping money out of politics. If someone comes along with an actual really good idea about how to do that this grass fire could become a fully involved forest fire.

      The hard part is coming up with a really good policy prescription for keeping money out of politics. Especially since the US has been going the opposite direction and full speed since the shiftboaters (PAC's SuperPac's, etc.)

      I am not sure what the solution is but I have a strong feeling that the internet will be involved :)

    47. Re:Completely valid by AnonGCB · · Score: 1

      Votes being bought is a problem with our voting system and with government - any concentration of power like that is liable to be bribed or bought like that.

      As for everything being able to be bought and sold, why is that a problem? If I need food and could sell my vote to keep my children fed for another month, isn't that worth it?

      And I challenge you to name one monopoly that came into being without government interference - maintaining a monopoly is damn hard when you're not being legislated for.

      --
      http://CryoLANparty.com/ A lan I'm staff on!
    48. Re:Completely valid by Anonymous Coward · · Score: 0

      As for everything being able to be bought and sold, why is that a problem? If I need food and could sell my vote to keep my children fed for another month, isn't that worth it?

      You actually answered your own question:

      If people kept a closer eye on the fed and made sure they were doing a very few specific things, everyone would be much better off.

      Watch the government? Nah, I need to watch over my family first *sells vote away to let government do as it pleases*

      That said, it means the problem is not with government, but with the people who complacently let government do as it pleases.

    49. Re:Completely valid by dryeo · · Score: 1

      Federal, as far as I know it is largely up to the individual provinces how they implement election donations and I don't remember hearing of limits in any provincial elections.
      The federal government here has somewhat more power then the American federal government, at least constitutionally.
      http://en.wikipedia.org/wiki/Federal_political_financing_in_Canada, note that Wikipedia is out of date as the per vote subsidy law has been repealed.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    50. Re:Completely valid by Myopic · · Score: 1

      Well, to start with your question is an unrelated tangent to what I said, which didn't say anything about "do better" or "cost effective", I merely said I like and prefer the things the government does. (That is to say, I could, and in fact do, prefer some things to be done by the government even if they aren't as efficient because of other benefits besides efficiency.)

      Nevertheless, okay, I'll name one, but after this, I'm not going to continue to engage this topic.

      Medicare is a social safety net program. It provides health care to the elderly. It is a popular American program which is "done better" than the same program done "by someone else" in that nobody else provides a social safety net of health care to elderly people. The free market doesn't do that, and of course it never could, it's exactly the opposite of what private markets provide. Furthermore, strictly on the merits, Medicare is "more cost effective" than private health insurance, in that identical procedures cost the payer less. There are legit criticisms of Medicare (my favorite is that the "cost effective" nature of Medicare leads to rationing), but "done better" and "more cost effective" are not any of them.

      I'll go ahead and throw in a second one: national defense. The government does this "better" than the alternative, which would be, I suppose, roving bands of disjointed mercenaries under the control of wealthy locals who pay them to protect their individual plots of land. It's hard to even imagine that other kind of "privatized" national defense, but I suppose it's possible. Would that be more "cost effective"? I can't say, but I don't even think that's a useful way to even think about that problem.

      Don't paint me as some kind of ideologue here, because I'm not at all. Like you I am not perfectly happy with how government functions. I'd make changes, too. But I don't think the "big government" complaint is valid -- I think it's meaningless, I mean truly meaningless, like it has no meaning whatsoever, it is nothing but empty rhetoric.

  9. perspective by Anonymous Coward · · Score: 0

    these people are all americans with one of the highest standards of living in the world. They're the 1% on a global scale, and they think they're being opressed by the 0.001%. Which to some extent they are, but they desperately need some perspective.

    1. Re:perspective by Anonymous Coward · · Score: 0

      To what ends? How far down the drain must things slide before they become worth fighting for?

    2. Re:perspective by sjames · · Score: 5, Insightful

      So, you're saying that unless they are the one person on earth living in the worst possible conditions without actually dieing, they should cheerfully accept their regular ass-raping and just be thrilled that they're not that guy? That sounds like a recipe for disaster.

    3. Re:perspective by luis_a_espinal · · Score: 5, Interesting

      To what ends? How far down the drain must things slide before they become worth fighting for?

      Bingo. Myself coming from the second poorest country in the Western hemisphere, I find it appalling that Americans criticize other Americans because they are fighting for greater equality, accountability and the preservation of the standard of living which is what makes living in the developed world great.

      Like yourself, I'm not exactly sure what the hell these holier-than-though-we-have-it-good morons expect. Should things slide till things degrade to the point the average standard of living is no longer what it should be in a developed country?

      The total student loan debt in the country is now surpassing credit card debt. When you used to be able to get a college degree with no more than $15K in debt, now you have to acquire debt 2-3 times that amount at least!. Social mobility is decreasing. There are 14 million people unemployed. People who worked hard for years, decades, are now unemployed because their jobs moved to China, and these same people get derided because they never got additional skills - with what money, with what education system, and if you are over 50, with what opportunities to get hired in a new field again?

      You can finish college owing $50K and still not have a chance to get a job. And you have no other educational alternative since we do not have a state-funded post-HS vocational education system. Unemployed are being derided for not being entrepreneur and small business owners, but those who deride them conveniently ignore the little fact that capitalism (or any economic model for that manner) cannot absorb a population entirely made of entrepreneurs.

      It is a sad indictment that it is cheaper for someone to travel to a third world country to get basic medical care than here. One would imagine that a country with the highest living standards would provide affordable health care for people making the minimum or close to the minimum. You need to make at least 2.5 or more of minimum wage just to afford medical and dental for yourself, let alone your family if you have one.

      This might be a country with a very high standard of living, but you can still be poor and live a shitty live. It is an arrogant thing to say the poor in this country that they still have it better. They do, but just marginally with respect to the cost of living in this country. This from someone (myself) that comes from a country (Nicaragua) where there is still people looking for food and recyclables in garbage fields.

      I would dare to say that in my old country, so long as you live within walking/commuting distance to a medical center (that is, you don't live in a remote village up in a mountain), you get a better chance to get basic medical care on a regular basis than a poor person in this country.

      And that is the saddest indictment of all. People who deride the protesters, claiming that they have nothing to complain, they really don't know what the f* they are talking about.

    4. Re:perspective by rallen911 · · Score: 1

      You talk like there isn't anything that person can do. There are those that can't do anything and they should be helped, but 99.9% if the "protestors" aren't doing anything but complaining.

      When I graduated from school, the job market sucked. I had a degree in electrical engineering. I was newly married. I worked at Blockbuster and Subway for 6 months while looking for work. I did what I had to do. I'd be willing to be that all of these people could find some type of job to make ends meet. Would it be the job they trained for or went to school for? Maybe, maybe not.

      It's not society's job to guarantee anyone a particular outcome. It's society's job to provide the opportunity. Are there barriers? Yes. Are there inequalities? Yes. Is it fair? No. Nobody said life was fair. Get off your butts, do something worthwhile, quit whining.

    5. Re:perspective by sjames · · Score: 2

      I see, so you figure the unemployment figures are just because everyone (except for you) is worthless? You figure it never makes sense to demand favorable terms for employment? That plan has been given several decades to work and all it got anyone was declining real income, declining loyalty to employees, and rising unemployment. It is not sane to try some more and expect any different outcome. We'd like to fix things BEFORE we end up as bad off as that poor sod you believe to be the only one with a right to complain.

      "Nobody said life is fair", the battle cry of the people who come out for the better because of the unfairness. Occasionally parroted mindlessly by people with a bad case of Stockholm syndrome.

      It's society's job to provide the opportunity.

      And the protesters are pointing out that the provided opportunities are no longer good enough to count as a substantially fulfilled obligation. If you owe $1000 and you hand over $900 and buy some food, we can understand. If you owe $1000 and hand over a penny and buy a new jet ski, we will not. The latter is what the 1% have been doing.

    6. Re:perspective by roman_mir · · Score: 1

      Oh, there is plenty to complain about, but here are the demands (that's my journal going over them, and on top there is a link to the original demand list).

      There is plenty to complain about in reality.

      Allowing the government to get away from the limits imposed upon it by its law - the Constitution.

      Allowing the government to become the king maker, monopoly creator.

      Allowing the government to grow to become now 10% of the so called 'economy'.

      Allowing the government to wage unconstitutional constant wars and now kill people and specifically Americans without trial just by decree of the POTUS.

      Allowing the government to save their preferred monopolies with all these bail outs and stimulus, artificial interest rates and insane borrowing, all of this of-course is destroying the economy and is shifting the problems towards the future generation of tax payers, though I don't think they signed up for this shit.

      Allowing the government to become business, which is none of its business. All of the business regulations, income taxes, subsidies to businesses.

      Allowing politicians to buy votes by promising free cheese (you know where you find 'free' cheese?)

      All of this and more, like destroying the money, getting away from constitutional money, which means the restraints on the banking and government ability to print became only a virtual one - how much ink and paper do you have?

      These protesters understand that they are screwed, but most of them have no idea what the actual problems are and where they really should be protesting.

      White House, Congress, Senate, Federal Reserve, Supreme Court, CIA and FBI... all of the branches of government and some extra-governmental agencies.

      Wall street is a symptom of the rot. The real problem is in the head.

    7. Re:perspective by Anonymous Coward · · Score: 0

      Here is what I propose.

      1. First two years of college be tuition free. That is, have the federal gov't pay for tuition for the first two years of college (provided good student standing). What the limit should be (given private colleges), not sure.

      2. I propose 0% interest federal student loans (for the first 10 years). Then 6.8% interest for the 10 years after. That way, someone could get on their feet during the first few years after college, make a dent in the debt owed, etc.

      3. I favour single-payer UHC. At the least, universal catastrophic coverage would be a nice stepping stone. At least then people wouldn't be in as massive of debt than before.

    8. Re:perspective by rallen911 · · Score: 1

      So let's take all of the assets of these corporations and all of the assets of the 1%. You just funded the government for less than 2 years. Now what? There isn't anyone left who has any money to invest in new ideas or start a new business.

      And the protesters are pointing out that the provided opportunities are no longer good enough to count as a substantially fulfilled obligation. If you owe $1000 and you hand over $900 and buy some food, we can understand. If you owe $1000 and hand over a penny and buy a new jet ski, we will not. The latter is what the 1% have been doing.

      Who is to decide what is "good enough"? The protesters can decide to not take the jobs that are offered for whatever reason (pay, benefits, etc.) They can create their own opportunities.

      The 1% have not borrowed anything from the rest of us. Have businesses been provided money from the taxpayers? You bet they have. Did they deserve it? Not in the least. Government should not be giving out our money to bail anyone out. If they made bad decisions, let them fail. If I make a bad decision, let me fail. Maybe I'll make a better one next time. If you bail me out, you can bet your a$$ that I'll keep gambling with your money!

      The answer isn't to take money from those who have succeeded. Everyone should succeed to the level they can. Nobody owes anyone else anything, and nobody should expect anything from anyone else. It's OK for someone to ask and the other to provide as they wish.

    9. Re:perspective by sjames · · Score: 1

      There are so many things wrong with your post, I don't know where to begin! If you're not one of the 1% you're either an idiot, brainwashed beyond all hope or you're the ultimate submissive.

      Unless we've declared anarchy, you are wrong, there is a social contract and it has been violated. If we HAVE declared an anarchy, I say we burn the rats out and divvy the spoils!

    10. Re:perspective by Qzukk · · Score: 1

      I worked at Blockbuster and Subway for 6 months while looking for work. I did what I had to do.

      And now Blockbuster is gone and Subway isn't hiring. There were just over 3 million open jobs in July, there are "officially" 13 million people unemployed. What do you think the other 10 million people "have to do"? Start their own company? With what money? And what chances? 80% of new companies fail in 5 years. What waits for them after they try and fail? More scorn? People unwilling to give them a second chance?

      It's not society's job to guarantee anyone a particular outcome. It's society's job to provide the opportunity.

      Numerically speaking, the opportunity simply doesn't exist. It's all well and good for sjames to argue over whether those 3 million jobs are just crumbs or not, but the simple fact of the matter is that for the foreseeable future, the economy will not be able to absorb the other ten million people.

      --
      If I have been able to see further than others, it is because I bought a pair of binoculars.
  10. What is the goal? by bigjarom · · Score: 4, Insightful

    These protests lack a specific and/or measurable goal. It's really difficult to reach a goal that you haven't set. I agree with most of the rhetoric being brandied about, but the lack of focus could be a deal breaker for the occupy movement.

    1. Re:What is the goal? by Anonymous Coward · · Score: 0

      It seems to me it takes about 30 seconds of thought to realize it all boils down to wealth disparity.

    2. Re:What is the goal? by Anonymous Coward · · Score: 5, Informative

      End the Wars
      Tax the Rich
      This isn't Rocket Science

      Courtesy of Tom Tomorrow:

      http://thismodernworld.com/archives/6027

    3. Re:What is the goal? by Anonymous Coward · · Score: 1

      The government let things get this bad. It isn't the job of the protestor to figure it out.
      They are making people aware that the problem has reached a tipping point.

      The government produced close to $20Trillion for the banks when they reached their tipping point.

      This will end with the republicans taking power and using the US military to rid the streets of these mobs.
      You can tell this is the end the media and establishment wants. It is in the language they use when covering the events.

    4. Re:What is the goal? by turtledawn · · Score: 2

      The goal seems to be to get enough people riled up to join the protests and finally to annoy the wealthy enough so that they call in the government guns on a large scale - inciting a revolution ala Egypt. I do not know how I feel about this.

      --
      Uh, "if it looks roughly mouse-shaped according to my infra-red sensitive pit, eat it"? --Chris Burke 09-08-10
    5. Re:What is the goal? by DeathFromSomewhere · · Score: 1

      This is my thoughts exactly. There is a very definite lack of focus in these protests. That is the reason why they will fail to accomplish anything and why I cannot support them.

      --
      -1 overrated isn't the same thing as "I disagree".
    6. Re:What is the goal? by Anonymous Coward · · Score: 0

      I think the value is that it gives politicians who bandie around the same rhetoric political capital.

    7. Re:What is the goal? by aztektum · · Score: 1

      This has been posted about the internet since this all began. The goal is rather obvious, to level the playing field, to reduce the influence of money in our political system and to weaken large corporate influence over our economy.

      It's how they expect we go about doing that I'm foggy on.

      --
      :: aztek ::
      No sig for you!!
    8. Re:What is the goal? by Isaac+Remuant · · Score: 2

      I thought it was fairly obvious that the core was about a broken democracy where corporations can lobby "people's representatives" into representing their own interests instead.

      If your vote doesn't count unless you have a lot of money to back it up... And those who do can prey off those who don't...

      Yeah, they're protesting an effective plutocracy.

      --
      "Science can amuse and fascinate us all, but it is engineering that changes the world. " - Asimov.
    9. Re:What is the goal? by DavidTC · · Score: 0

      That's how actual unrest works, as opposed to manufactured unrest like the Tea Party.

      --
      If corporations are people, aren't stockholders guilty of slavery?
    10. Re:What is the goal? by ElmoGonzo · · Score: 1

      At this point the goal is the same one as having pink towels and shoes at NFL games -- to raise awareness.

    11. Re:What is the goal? by elrous0 · · Score: 1

      You wrong, man. They're all about effecting some sort of change...and stuff.

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    12. Re:What is the goal? by luckymutt · · Score: 4, Insightful

      It seems like all they are really doing is venting because times are shitty right now for most people, and the top earners are better insulated for such times (yes, they have what you may call an unfair advantage to get there, yes.)
      Most of them seem to be protesting against Wall Street, investors, and capitalism in general, however it was the *anti-capitalism* actions of the TARP bailout that a lot of them are citing.

      They really should be focusing on protesting Congress and the White House. The people on Wall Street are there to make as much money as they can. They don't mince words about it. If congress gives them a break that is not fair to the 99%, you really can't expect them to not accept it.
      Our Country's leaders are the ones who need to be protested on this issue for directly allowing the top 1% to have additional tax breaks, bail-outs, 0% interest loans on federal monies that they turn around and charge 28% on, etc., etc., etc.

      For example: by setting up shop (even on paper) in Ireland, the Bahamas or where ever else, US companies can get out of paying federal tax. Legally.
      Not so with an individual. As an American citizen, if I go live and work in Ireland, or anywhere else, without ANY ties to the US at all, I still am required to pay US Federal income tax on the money I earn(in addition to that countries taxes.)
      Are you really going to blame GE for, essentially, following the rules?
      Protest Washington...you won't get any better results, but at least you'll be barking up the right tree.

    13. Re:What is the goal? by somethingtoremember · · Score: 1

      These protests lack a specific and/or measurable goal.

      Protests? Protest is a tactic and generally its effects are limited to raising public awareness on a topic. Protests are the reason everybody knows about these occupations. But to call the entire occupy movement simply a "protest" is going to gloss over the real meaning of it.

      the lack of focus could be a deal breaker for the occupy movement.

      The intensive form of direct democracy introduced via working groups is about the furthest thing from a "lack of focus" I have seen amongst strangers communicating in a public forum, ever.

    14. Re:What is the goal? by RightSaidFred99 · · Score: 1

      Also known as "I want a BMW too you materialistic assholes!".

    15. Re:What is the goal? by Surt · · Score: 1

      The same was true of the tea party at the start. Lots of vague demands that gradually coalesced into a movement that swung the republican party further to the right on fiscal issues, and reduced the focus on the social side. An unorganized mob that turned into a major political force that has radically changed the way the two major parties interact. This actually seems likely to me to happen again, the 'Occupy Party' will begin putting candidates up against democrats, forcing democrats who don't want to lose their seats to swing further to the left on fiscal policy.

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    16. Re:What is the goal? by walkerp1 · · Score: 0

      You remind me of my wife. When there is some situation she doesn't like, she expects me to figure out: 1) that something's wrong, 2) exactly how it's my fault, 3) how to fix it to her satisfaction. To help me along, she'll throw glaring looks my way and toss out random little problems that aren't the big problem and that may or may not be directly related to the big problem.

      Maybe that works for the F-types (Myers Briggs Typing), but the rest of us need a little more clarity. I haven't been a part of any large-scale protests, so maybe this is how they evolve? Still, I can't help but contrast the civil rights movements where problems and (proposed) solutions were clearly and eloquently elucidated at a very early stage. Again, this thing is still in its infancy, but does it have to seem so...infantile?

      I like to fix things. Show me the problem.

    17. Re:What is the goal? by airfoobar · · Score: 1

      More like "I'm done paying for your BMWs, I can't even afford food anymore!".

    18. Re:What is the goal? by Anonymous Coward · · Score: 1

      http://occupywallst.org/forum/proposed-list-of-demands-please-help-editadd-so-th/

      As for me personally:
      Against everything that contributed to these existing: OTC derivatives market and credit default swaps
      Against the rewarding of banks for their malfeasance: http://motherjones.com/politics/2010/01/wall-street-bailout-executive-compensation

      I'm really disappointed in the /. hivemind lately. Just this time last year all the comments were about how badly wall street greed was screwing us without lube!

      Please take some time to get to know what we stand for. It should be easy if you know how to google search. (spoiler: we're not the tea party.)
      From the tone of your post, this might be a great place for you to start http://youtu.be/RCiAG7LF7Q4, or this http://www.washingtonpost.com/blogs/ezra-klein/post/who-are-the-99-percent/2011/08/25/gIQAt87jKL_print.html

    19. Re:What is the goal? by MightyMartian · · Score: 1

      The intensive form of direct democracy introduced via working groups is about the furthest thing from a "lack of focus" I have seen amongst strangers communicating in a public forum, ever.

      You'd sound a lot more convincing if you were wearing a turtleneck sweater, smoking a joint and following that statement with "And only through free love can we hope to obtain the government we deserve."

      --
      The world's burning. Moped Jesus spotted on I50. Details at 11.
    20. Re:What is the goal? by airfoobar · · Score: 1

      This. It appears these protesters realised that if they put forward specific goals, those goals can be easily misrepresented and the movement co-opted by their enemies -- just like what happened to the Tea Party. I think they are doing a great job, and I hope they manage to stay a grassroots movement against government corruption by corporate money.

    21. Re:What is the goal? by Phil06 · · Score: 2

      Occupy Wall Street is protesting the banks taking bailout money from the government, the Tea Party is protesting the government giving bailout money to the banks.

      --
      "...and yet, I blame society" Duke - Repo Man
    22. Re:What is the goal? by Anonymous Coward · · Score: 0

      The goal of the protests is real accountability from the financial giants. Similar to the Tea Party protests, there is no "official" goal but you can detect motive from signage or even (gasp) news coverage.

    23. Re:What is the goal? by MindSlap · · Score: 0

      "More like "I'm done paying for your BMWs, I can't even afford food anymore!".

      Huh? Did you come up with that one while stinking up a public park along with your other whiners?

      Let me ask you...
      How does somebody 'pay for another's BMW', if they can't afford food?
      Afterall, its your CHOICE to buy that iTwitPhone or other toy that was made possible by 'eveeel capitialism'.

      Oh nevermind...Such a discussion would make you have to think..and besides..posing such a question always results in getting mod'd to -12.

    24. Re:What is the goal? by midimastah · · Score: 1

      The problem that Occupy Wall Street has getting its message out is the same problem the left has had in the post-Reagan era: they haven't come up with a good way to articulate their argument that the state needs to take an active role in society, especially the economy. In the face of "government is the problem" rhetoric, many Democrats have simply caved and accepted the basic premise, ala Bill Clinton and now Barack Obama. Obama started to go in a different direction, but his general ineptitude with messaging hasn't gotten anywhere.

      The left needs to articulate that it's not a question of the size of government, it's a question of whose interests the government is protecting; is it us, or them? Then they need to come up with clear, specific things that could be done. How about putting Americans back to work through a new CCC, a new WPA? Putting people back to work puts real money in peoples' pockets and back into the economy, reduces the real long-term problems caused by long-term unemployment, and most importantly would restore peoples' faith in their government. It worked in the 30s, at the very least restoring peoples' faith in the promise of America. People simply want jobs, not handouts.

    25. Re:What is the goal? by Khashishi · · Score: 1

      They may have started with no specific goal, but it got people together and talking. The protesters are using cooperative-styled meeting structure, and people are coming up with decisions in a democratic process. As the protest goes on, specific goals are being brainstormed and voted on. This is happening all over United States, and it's shaping politics on a local level. There might not be a global focus, but there is certainly a purpose to the protest. It's rejuvenating democracy which has been taking out of hands of people by the representative system.

    26. Re:What is the goal? by Darinbob · · Score: 2

      Yes, the protests are mostly ineffectual. Most news stories seem to be "what are they about?"

      From the Wild One: "Hey Johnny, What are you rebelling against?" "What do you got?"

      The funny thing I think was the a Wall Street worker who pointed out that they were all using Apple products and said that Apple had the largest market capitalization. So there is a bit of irony in protesting against corporate greed while blogging about it on the most expensive and fashionable laptops.

    27. Re:What is the goal? by Darinbob · · Score: 1

      Well the goal may be there but the plan of how to achieve that goal is missing. Are they going to hold their breath until Wall Street gives all the money back?

    28. Re:What is the goal? by Darinbob · · Score: 1

      The tea party isn't "manufactured unrest". You and I may disagree with them but it's false to assume it's astro-turfing. These are angry voices who've been around for a few decades.

    29. Re:What is the goal? by Bardwick · · Score: 0

      Throw some math in there. Tax the rich.. What? How much are the evil rich paying? How much should they pay? If you tax them at 100%, will that balance the budget? You think so?? HA! Won't even make a dent. Your life will change notta. These are the quesitons I would like to ask the protestors. If you can't answer those question, say BAAAAH and go eat your grass..

    30. Re:What is the goal? by Bardwick · · Score: 1

      Yep.. I *used* to be a proud tea-party memeber. Then it got leaders and a caucus. I'm out.

    31. Re:What is the goal? by maxume · · Score: 1

      Can we please try to get them nicknamed the "Street Party"?

      --
      Nerd rage is the funniest rage.
    32. Re:What is the goal? by houghi · · Score: 1

      You must be the 1% if you can only believe in goals you can measure. That might be important short term. Long term it isn't.

      What this could be is a feeding ground that will have some goal and direction. Perhaps it will burn out. Perhaps it will be the birthplace of a third big party and then a multi party system.

      The fact that there IS movement is good enough for me. Sure it lacks goal and focus. It is better then to sit and wait for something to happen.

      --
      Don't fight for your country, if your country does not fight for you.
    33. Re:What is the goal? by maken · · Score: 2

      First on a google search for "Occupy Demands":

      http://coupmedia.org/occupywallstreet/occupy-wall-street-official-demands-2009

      Summary:
      LIST OF PROPOSED "DEMANDS FOR CONGRESS

      #1 - CONGRESS PASS HR 1489 ("RETURN TO PRUDENT BANKING ACT"

      #2 - USE CONGRESSIONAL AUTHORITY AND OVERSIGHT TO ENSURE APPROPRIATE FEDERAL AGENCIES FULLY INVESTIGATE AND PROSECUTE THE WALL STREET CRIMINALS

      #3 - CONGRESS ENACT LEGISLATION TO PROTECT OUR DEMOCRACY BY REVERSING THE EFFECTS OF THE CITIZENS UNITED SUPREME COURT DECISION

      #4 - CONGRESS PASS THE BUFFETT RULE ON FAIR TAXATION SO THE RICH AND CORPORATIONS PAY THEIR FAIR SHARE & CLOSE CORPORATE TAX LOOP HOLES AND ENACT A PROHIBITION ON HIDING FUNDS OFF SHORE

      #5 - CONGRESS COMPLETELY REVAMP THE SECURITIES AND EXCHANGE COMMISSION

    34. Re:What is the goal? by Khashishi · · Score: 1

      Some wealth disparity will always exist, because some people work harder and smarter than others. But extreme wealth disparity only exists because of usury--making money from money (in all its forms).

    35. Re:What is the goal? by maken · · Score: 1

      Let me ask you...
      How does somebody 'pay for another's BMW', if they can't afford food?

      Blood, sweat, and tears...
      Our wages and standard of living have stagnated or been going down for at least the last 30 years,
      while the top 1% have been raking in record profits and their incomes are up at least 25% from the products of our labor.

    36. Re:What is the goal? by AmElder · · Score: 1

      It's true they lack a goal or objective and that's because they're a genuine, burgeoning social movement, not something else. When many people step out on the street together, they're not all going to be there for a single, shared reason, at least not at first.

      Social movements are all about three things:

      • making collective claims in public over a period of time
      • using a set of social movement strategies
      • and demonstrating worthiness, unity, numbers, and commitment.

      The movements in the Muslim world earlier this year didn't all start with the demands that they ended up with. They took to the streets because they were upset and wanted to shout. That's what going on with the Occupy Whatever protesters too. Most basically, these public performances "assert popular sovereignty." They're democratic (small 'd'!), about the popular voice, showing that there is one and letting it speak.

      The fact that these protests aren't motivated by a single voice or interest group encourages me, frankly. It means at the moment there are no shadowy figures behind the scenes pulling strings. There's a lot to shout about in the US at the moment. Me, I'm furious about the bank bailout, the budget crisis, political showboating, wasted war funds, executive bonuses, high unemployment, etc. If I'm anywhere near a protest, maybe I'll jump in and shout, too. If it turns into something I don't like, I'll bow out, or go someplace else the shout.

      The list and other observation I've mentioned are all adapted from the writing of the academic Charles Tilly, who wrote the book on social movements.

    37. Re:What is the goal? by Anonymous Coward · · Score: 0

      This is not quite true. Think about the 99% theme. 99% of the country is not benefitting from the ownership of our government the 1% have paid for.

      We have a lot of concerns, true, but you can sum it up this way - our government is currently owned by 1% of the population, and we want to take it back and represent the other 99%.

      I'll be there at occupyphoenix on 10/15.

      Oh, yeah, and I'm not an unwashed hippie, I'm an unwashed IT pro with 15 years experience helping large corporations offshore/outsource/automate people out of jobs. I just can't stand the damage we're doing anymore.

    38. Re:What is the goal? by chronoglass · · Score: 1

      personally, I'd prefer they put someone up against both the d's and r's.. the change this country needs is a change in our thought process. two closely related parties with a few minor differences just isn't working.

      vote pirate! (if only we can get one running, heh)

    39. Re:What is the goal? by dan828 · · Score: 1

      unfortunately, at this point they've been almost complete subverted by republican interests.

    40. Re:What is the goal? by Anonymous Coward · · Score: 0

      I was at OWS this past weekend and brought this specific point up (almost exactly how you phrased it, too).

      Put simply, the focus right now is expansion and mobilization. Increase the volume of the protest body first. The Zuccotti General Assembly has been developing plans for the next steps (specific calls to action) but getting coordinated on a national / international scale and increasing the numbers is the first thing.

      If people want "measurable goals" or "specific steps" it's because they are being impatient and want to know how much longer they need to protest because they want to get back to playing COD2 and watching Family Guy -- and that's exactly what the critics are counting on, IMHO.

      We need to continue these protests long after we've forgotten how they were in the beginning when they were still novel and fun, and possibly long before we finally reach "the top" (wherever that actually is -- I just know that it's an upwards climb from here). You have basically three options -- you can continue climbing; pause where you're at; or retreat back down the hill.

      Retreating will put things back how they were, back when you were unhappy and being exploited. I don't know what is uphill, how long it will take to get there, or even what lies at the top -- but I sure as hell am not going back down. For right now, the medium is the message -- the fact that we are pissed off enough to protest *AND CONTINUE TO PROTEST* is what is going to start effecting change. Mass demonstrations and calls to action will be components of this, but the climb up this mountain is one that will only be won by sheer force of will and an unwillingness to give up.

    41. Re:What is the goal? by Darinbob · · Score: 1

      Except that they're embarrassing the Republican party. They're not falling into line and doing what they're told. The Republican candidates instead are catering to the Tea Partiers for fear of losing votes.

    42. Re:What is the goal? by rallen911 · · Score: 1

      Nice statement. Where is the evidence that the Tea Party movement was manufactured?

      I consider myself part of the Tea Party. Nobody contacted me. I just became fed up with the Government spending too much money on things that it shouldn't be spending money on, like bailing out corporations that took too much risk. They should have let them fail. It would have been painful, but it would have been over by now.

    43. Re:What is the goal? by Attila+Dimedici · · Score: 1

      This is simply not true. The tea party from its inception was focused on reducing government spending. The only thing "unfocused" about the tea party was that it started out equally angry at both the Republicans and the Democrats. The Republican Party allowed the tea party protests to influence their political agenda and candidate selection (perhaps co-opting the tea party movement in the process) and this transformed the tea party movement into a Republican movement.
      The Democrats have been seeking to manufacture a similar movement on their side of issues ever since and may have succeeded with the "Occupy" movement (although to what degree the "Occupy" movement is a product of the Democratic Party and to what degree it is something else that coalesced around and took control of the movement Democratic Party activists were creating is open to question). There is significant question as to whether this movement will have as much impact in the 2012 election as the tea party movement had in the 2010 election and if it does, will that impact be positive for the Democratic Party or negative.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    44. Re:What is the goal? by airfoobar · · Score: 1

      I'm pretty sure OWS is specifically protesting government corruption, eg. things like both the mainstream parties taking unlimited campaign donations from corporations, which is what led us down this unregulated CDO trading path, the economic implosion and then had us use taxpayer money to bail out the people who were profiting off the CDO trading (and now the bank CEOs are taking multi-million bonuses instead of going to jail, when others are having their homes foreclosed). Other things I've heard are suggestions to audit the FED and find out where the secret bailouts have gone, and even suggestions to completely put an end to the FED and their printing presses.

      As far as I've seen, corporate TV networks have been representing these people as "crazy, smelly hippies" who want to end capitalism and are "the Democrats' answer to the Tea Party", but from paying attention to YouTube and social media, those reports just aren't accurate -- the TV networks are choosing the craziest, least eloquent people around and presenting them like the true voice of the movement. In fact, it's the corporate media's lack of coverage and inaccurate reports that got me interested in the first place...

    45. Re:What is the goal? by Anonymous Coward · · Score: 0

      And you don't think the corporate media is doing that on purpose?

    46. Re:What is the goal? by Anonymous Coward · · Score: 0

      If only I had mod points. Washington allowed this to happen, and we allowed them to do it. Our response has typically been to put the opposite party into power because "it'll be different this time" and pretend like it's a real solution. Obama's election was a prime example of this, but they all do the same thing.

      Occupiers come off as vagabonds with vague ideas and undefined solutions, but I'm glad to see someone doing something.

    47. Re:What is the goal? by Archangel+Michael · · Score: 1

      The problem here is the left is unwilling to eat its own kind. Obama is no better than Bush was, and yet he remains free of their ire.What how this becomes "blame the Republicans" (note, I'm not a Republican) rather than "Blame the two party system that caused this". Both parties are equally yoked, as neither party does anything when they have total and complete control and can fix anything.

      So, wake me when the "Impeach Obama" t-shirts start showing up.

      --
      Agent K: A *person* is smart. People are dumb, stupid, panicky animals, and you know it.
    48. Re:What is the goal? by Altus · · Score: 2

      Were you actually at any of those civil rights protests in the early years or do you just have the benefit of seeing their crystal clear message through the lens of hindsight?
       

      --

      "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

    49. Re:What is the goal? by Altus · · Score: 1

      Even to this day, I don't know what the tea parties real message is other than "Don't tax anyone, ever" "Screw the immigrants" and "Hands off my particular entitlement"

      --

      "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

    50. Re:What is the goal? by hesiod · · Score: 1

      Are you really going to blame GE for, essentially, following the rules?

      Nope. I blame them for buying the rules from the politicians, and the politicians for selling the rules to the highest bidder.

    51. Re:What is the goal? by Nadaka · · Score: 1

      Ideally we could produce real social change before they call in the jack booted thugs. But if they do, then people will definitely be riled up and it will end in revolution.

    52. Re:What is the goal? by Nadaka · · Score: 1

      I agree that they are real believers, but they have been co-opted and steered towards the agenda of the media masters who control their organization on the national level. Rupert Murdoch, the Koch brothers, etc.

    53. Re:What is the goal? by Anonymous Coward · · Score: 0

      Are you really going to blame GE for, essentially, following the rules?

      Who writes the rules? I'd be surprised to find out it was congressmen even half of the time. To pick one of Slashdot's pet favorites, do you really think Congress sat down and figured out how they were gonna do the DMCA on their own? Or (to pick one more relevant) that they all by themselves decided they suddenly needed to repeal Glass-Steagall after decades of protection?

      I'm not a fan of protests in general, but Congress follows the lead of business. Better to annoy the businesses, then.

    54. Re:What is the goal? by smelch · · Score: 1

      You've come close to describing what I think is the real problem.

      Protestors claim to be the 99%, blaming Wall Street for buying politicians.

      Protestors, the supposed 99% vote for the politicians. The money from the corporations is spent on buying votes to stay in power.

      Therefore the 99% are allowing themselves to be dazzled, OR, this whole theory is a crock of shit and they aren't the 99%, they're more like the 50%. The other 49% are just not agreeing with them. So don't blame this all on corporations, you can blame it on the 49% or admit that you're wrong, but corporations can't run the world without the consent of the people working for the corporations, voting for the politicians, and generally accepting the status quo. The only reason to be angry at the corporations is because you're greedy yourself. Otherwise be angry at yourselves and the populace and really try to change by speaking to the 49%, not the 1%.

      --
      If I can just reach out with my words and touch a butthole, just one, it will all be worth it.
    55. Re:What is the goal? by Nadaka · · Score: 1

      Washington are puppets of their corporate masters. Protesting wal street is closer to the root than washington.

    56. Re:What is the goal? by Anonymous Coward · · Score: 0

      Yes, the protests are mostly ineffectual. Most news stories seem to be "what are they about?"

      That's because the Koch funded, Faux "News" promoted Teabagger movement is at risk. And, for something that is truly as Grass Roots as this is, it has gained unbelievable traction in one heck of a short time. And (one more) you must not be on the internet, because it's everywhere. Mainstream media is only now being forced to cover it. At the same time the GOP is getting scared. This movement may *really* end up being a force of changing things for the better for the 99%ers.

      Personally I have done well by playing the rethuglican games (such as off shoring my banking and businesses). I think it's morally wrong, but when the game is rigged one learns how to play it using the loopholes. I'm not in the top 1%, but I am in the top 20% with absolutely no debt and loving it. None the less, I fully support what these folks are trying to do.

      Big corporations and "Too Big To Fail" banks care nothing about people - They care only about profits. They don't give a damn about the US as a country, either. I stopped caring some years ago myself. The US is just a country whose largest employer is the military (not to mention defense contractors). In fact, the US military is the biggest single employer in the world. As happened with Rome, the US is on it's way to the dustbin of history as the US has become nothing more than a military killing machine.

    57. Re:What is the goal? by Anonymous Coward · · Score: 0

      I know it seems that way, with a blanket message of "change the system". But the goal is (obviously) to get an actual constitutional law professor who has vowed to remove troops from Iraq elected. That is the goal. When that man is elected, we can all breathe a sigh of relief and get back to business.

    58. Re:What is the goal? by TexVex · · Score: 1

      there is a bit of irony in protesting against corporate greed while blogging about it on the most expensive and fashionable laptops

      How is it ironic? Apple provides quality products at a price point many are willing to meet. Also, I don't recall them ever having been in the news for screwing over their workforce. Plus, they haven't screwed up the global economy by committing real estate fraud on a global scale. As far as I know, they are not heavily subsidized by the government. And, you tend to associate Apple with Silicon Valley instead of Wall Street. The protest is "Occupy Wall Street", not "Occupy Silicon Valley".

      Protesting against "corporate greed" does not require putting all corporations together in one group.

      --
      Fun with Anagarams! LADS HOST, SHALT DOS. HAS DOLTS. AD SLOTHS, HATS SOLD. ASS HO, LTD.
    59. Re:What is the goal? by Homr+Zodyssey · · Score: 1

      This is a scary prospect, because it means a continuation of the partisan deadlock. But at least it would mean that the Democrats would stop allowing the Republicans to drag them to the right. Instead, the new extreme-left would force them to dig in their heels, and counter-balance the inexorable pull of the extreme right.

    60. Re:What is the goal? by aztektum · · Score: 1

      Congress isn't "giving" these corporations anything. It's being paid for by the corporations and the rest of us cannot afford to buy anything for ourselves.

      I agree that TARP is anti-capitalist, but then we've not ever lived in a very capitalist society ever, I don't feel you ever really can have one. I also feel chipping away the inheritance tax is anti-capitalist. Capitalism is about encouraging people to get out there and perform a useful service. I feel like allowing the banks (and many corporations for that matter) to get as large as they are is anti-capitalist and anti-competitive.

      I feel the welfare handouts for corps AND people are anti-capitalist as well. Receiving a check for squeezing 12 kids out of your clown car of a vag is not a valuable asset to society.

      However, I am for public education and higher learning, healthcare and the like. If people are wanting to put into the machine, the machine should be setup to provide these things in order to turn out the best workers it can.

      --
      :: aztek ::
      No sig for you!!
    61. Re:What is the goal? by walkerp1 · · Score: 0

      That's an insightful question. Being a bit of a historical biography buff, I have read a number of primary sources generated during that period to form my opinions. I'm not old enough to have witnessed the events firsthand, but I do have a historical perspective as untainted by hindsight analysis as is practical.

    62. Re:What is the goal? by Archangel+Michael · · Score: 1

      #1 is a bunch of noise signifying nothing. It doesn't solve any problems, specifically with anything that caused the economic problems we're currently in. They may be prudent measures, but are largely ineffectual in addressing the specifics we have here, namely Credit Default Swap, and Derivatives. Or bad loans made in bad faith by people with no intention of ever being able to pay them off, except in a get rich scheme.

      #2 Good luck with that. Corporations have the very same Congress (both parties) in their grasp and control. There is only one way that you can effect this kind of change, and that is revoke PAC status for all. Individuals can contribute to parties and to specific races to which they are entitled to vote. ALL other donations to campaigns are outlawed. Restore the rights of the individual.

      #3 We don't live in a democracy, we live in a democratic republic, with courts. THE biggest problem we have, is nobody is talking about liberties and how they have been trounced upon by "Group" rights laws and decisions.

      #4 "Fair" is never fair. You can tax all the rich 100% of all their money, and it still wouldn't be enough to cover our expenses. Fair Share is "I want free health care, let the rich pay for it, that is fair". Closing loopholes isn't enough either, but it is a start. Taxing transactions (corporate shell games) is the ONLY way to solve offshoring and Double Dutch Accounting schemes. I'm in favor of taxing money leaving the country, and giving breaks for transferring money into the country.

      #5 Congress completely revamp corporate charter law, to remove legal entity from definition, and leave only "economic" entity. Legal Entity dilutes the liberties of individuals by necessity. I'd also institute changes to the securities trading rules, and tax all transactions based on how long the asset (stock, bond etc) was held. Short term holdings would be taxed at a higher rate than those held long term. Hold a stock or bond long enough and there will be no tax on selling it. All new rules and regulations should be designed to reward long term investing, and discourage short term "gambling".

      Let me ask you, are you at least somewhat miffed that Obama's wife and kids got an African Safari on Tax Payer Dollars? How about that the daughters were listed as "senior staff"? If this was BUSH most of those protesters would be going ape shit crazy. I've asked several friends who are supporters of Obama about this, except I said it was "Bush" and they were "I knew he was a crook", when I told them it was Obama, they accused me of being a racist. Go figure.

      --
      Agent K: A *person* is smart. People are dumb, stupid, panicky animals, and you know it.
    63. Re:What is the goal? by buzzn · · Score: 1

      One of the main complaints seems to be that the #occupywallstreet hashtag is not trending on Twitter.

      --
      Join the window installer's union, where prosperity is a brick throw away!
    64. Re:What is the goal? by Homr+Zodyssey · · Score: 1

      And WHY do you think Washington made these unfair laws that benefit the 1%? Because the 1% told them to do it. They PAID them to do it. Don't make it sound like Congress just decided to do it out of the kindness of their hearts! The anger is at the system, that encourages this behavior.

      The huge multinationals get to Frak the land and poison our drinking water, (only on /. is that a double-entendre), because they can get away with it. They get to hide in tax shelters. They get to offshore jobs to cheaper workers over-seas. All of this is not because Congress is simply being mean. It's because Congress is on their payrolls.

      The anger is at both of them. The choice of Wall St. as a location of the protest is symbolic of that.

    65. Re:What is the goal? by Fishbulb · · Score: 1

      This is the first 'official' statement that came out on Sept. 29th:

      This was unanimously voted on by all members of Occupy Wall Street last night, around 8pm, Sept 29. It is our first official document for release. We have three more underway, that will likely be released in the upcoming days: 1) A declaration of demands. 2) Principles of Solidarity 3) Documentation on how to form your own Direct Democracy Occupation Group. This is a living document. you can receive an official press copy of the latest version by emailing c2anycga@gmail.com.

      Declaration of the Occupation of New York City

      As we gather together in solidarity to express a feeling of mass injustice, we must not lose sight of what brought us together. We write so that all people who feel wronged by the corporate forces of the world can know that we are your allies.

      As one people, united, we acknowledge the reality: that the future of the human race requires the cooperation of its members; that our system must protect our rights, and upon corruption of that system, it is up to the individuals to protect their own rights, and those of their neighbors; that a democratic government derives its just power from the people, but corporations do not seek consent to extract wealth from the people and the Earth; and that no true democracy is attainable when the process is determined by economic power. We come to you at a time when corporations, which place profit over people, self-interest over justice, and oppression over equality, run our governments. We have peaceably assembled here, as is our right, to let these facts be known.

      They have taken our houses through an illegal foreclosure process, despite not having the original mortgage.

      They have taken bailouts from taxpayers with impunity, and continue to give Executives exorbitant bonuses.

      They have perpetuated inequality and discrimination in the workplace based on age, the color of one’s skin, sex, gender identity and sexual orientation.

      They have poisoned the food supply through negligence, and undermined the farming system through monopolization.

      They have profited off of the torture, confinement, and cruel treatment of countless nonhuman animals, and actively hide these practices.

      They have continuously sought to strip employees of the right to negotiate for better pay and safer working conditions.

      They have held students hostage with tens of thousands of dollars of debt on education, which is itself a human right.

      They have consistently outsourced labor and used that outsourcing as leverage to cut workers’ healthcare and pay.

      They have influenced the courts to achieve the same rights as people, with none of the culpability or responsibility.

      They have spent millions of dollars on legal teams that look for ways to get them out of contracts in regards to health insurance.

      They have sold our privacy as a commodity.

      They have used the military and police force to prevent freedom of the press.

      They have deliberately declined to recall faulty products endangering lives in pursuit of profit.

      They determine economic policy, despite the catastrophic failures their policies have produced and continue to produce.

      They have donated large sums of money to politicians supposed to be regulating them.

      They continue to block alternate forms of energy to keep us dependent on oil.

      They continue to block generic forms of medicine that could save people’s lives in order to protect investments that have already turned a substantive profit.

      They have purposely covered up oil spills, accidents, faulty bookkeeping, and inactive ingredients in pursuit of profit.

      They purposefully keep people misinformed and fearful through their control of the media.

      They have accepted private contracts to murder prisoners even when presented with serious doubts about their guilt.

      They have perpetuated colonialism at home and abroad.

      They have participated in the torture and mur

    66. Re:What is the goal? by Dasher42 · · Score: 1

      False choice: end with a whimper or end with a bang. That seems to encourage inaction, which is the one course where defeat is 100% guaranteed.

    67. Re:What is the goal? by danbert8 · · Score: 1

      Smoke pot
      Live together in harmony
      Sex, love, and rock 'n roll

      They are hippies. Modern hippies, but hippies nonetheless.

      --
      Yes it's an anecdote! Were you expecting original research in a Slashdot comment?
    68. Re:What is the goal? by Dasher42 · · Score: 1

      First, most of the news outlets are highly incestuously owned by the shame shareholders and parent companies that are being protested against, and you're not going to see them give honest coverage of this new opposition. Get out to the nearest protest and ask people what they're there for.

      Second, if you're going to combat a monopoly from within, you have to start with what's at hand. Simple, hard fact. Spotting brand names on cameras is not a real critique of what these protests are trying to achieve.

    69. Re:What is the goal? by Surt · · Score: 1

      You're definitely misremembering the startup of the tea party. As one example, do you recall all the people who thought it was the party of gun rights?

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    70. Re:What is the goal? by Surt · · Score: 1

      Yep, I foresee the deadlock worsening for sure, which is, sadly, exactly what the elite want. But it seems pretty inevitable.

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    71. Re:What is the goal? by danbert8 · · Score: 1

      I think the idea of making everyone equal, making money worthless, and weaken corporate influence is called communism. I could be wrong though.

      --
      Yes it's an anecdote! Were you expecting original research in a Slashdot comment?
    72. Re:What is the goal? by Billly+Gates · · Score: 1

      The Tea Party had no focus either.

      They hated big government, taxes, and deficits and didn't like where the country was going.

      In time they created a message and become unified and are now a political force that can strong arm any republican to the far right in the primaries.

    73. Re:What is the goal? by danbert8 · · Score: 1

      We don't have a broken democracy because we don't have a democracy. What we have is a broken republic, where the government is working outside of the rules of it's formation (the Constitution) to give special favors to corporations in return for campaign contributions. If the government was working within the powers of the Constitution, corporations would have no incentive to buy politicians because there would be no power to purchase. Hence why more government power won't solve this problem. Remember, government is what took our money to hand to these asshole bankers in the first place.

      --
      Yes it's an anecdote! Were you expecting original research in a Slashdot comment?
    74. Re:What is the goal? by MozeeToby · · Score: 2

      If the so called 1% really do have the power to call in the government guns on a large scale then violent, bloody revolution may be the only way to make things any better. Personally, I don't think they have that kind of power, if for no other reason than it would be hard to find a group of American soldiers willing to fire indiscriminately on American citizens.

    75. Re:What is the goal? by MozeeToby · · Score: 1

      Ok, so there's a tangible goal, that doesn't mean there's a realistic plan to acheive it. Standing outside their office and saying "Stop abusing the colossal amounts of power you've amassed" isn't exactly what I'd call a winning strategy.

    76. Re:What is the goal? by Mab_Mass · · Score: 1

      The funny thing I think was the a Wall Street worker who pointed out that they were all using Apple products

      You do recognize that this is a classic ad hominem attack, right? I hope you truly don't believe that *every* one of them is out there on the street "using Apple products."

      Really, does use of these products have *anything* to do with the message? if the message is kooky and stupid, can't the media just point that out? Instead, they latch onto this one, minor detail, that describes *some* of the protesters in order to try to paint the whole movement as a bunch of spoiled, whiny kids.

      I personally participated in a lot of the protests in Madison, WI, earlier this year. From my experiences in attending rallies, then going home to read about them online, one thing is clear - our media is a failure and it is impossible to get an accurate picture of such an event by reading about it in the news.

      Please keep that in mind.

    77. Re:What is the goal? by danbert8 · · Score: 1

      Yeah, they are probably eating as the massive number of Starbucks in Manhattan too. Must be so hard living the life of an unemployed college grad who can live comfortably in New York for a few weeks. Those fat cat bankers are really messing up their lives huh...

      --
      Yes it's an anecdote! Were you expecting original research in a Slashdot comment?
    78. Re:What is the goal? by Shotgun · · Score: 1

      For the billionth time...

      Taxed
      Enough
      Already

      There message was crystal clear from the very start. The Federal government had overflowed its Constitutional boundaries long ago, and their various high dollar programs simply did not work. It is time to balance the budget by cutting programs and spending, because we are Taxed Enough Already.

      It has been the same message from the very start.

      --
      Aah, change is good. -- Rafiki
      Yeah, but it ain't easy. -- Simba
    79. Re:What is the goal? by Anonymous Coward · · Score: 0

      If this ever was a grass-roots movement, it's been pretty clearly co-opted by now. Heck, the unions are showing up.

    80. Re:What is the goal? by Anonymous Coward · · Score: 0

      Who do you think owns Washington?

      Yeah thats right, Wall Street. Dont bark at the puppets, bark at the Puppet Master. And Washington dances to Wall Street's tune.

    81. Re:What is the goal? by Surt · · Score: 1

      By the time it had coalesced into a party with a name, their desires were clearer. But conveniently forgetting the people for whom it was all about resisting Obama's gun control measures doesn't change the reality of what happened.

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    82. Re:What is the goal? by Shotgun · · Score: 1

      I was with it until Michelle Bachman starting saying that it was about not letting gays get married. WTF? Why do I give a flying flip about who is sleeping with who in the next state over!?! Why does the Feds get to have any say whatsoever in who marries who? Marriage is a religious institution. All the government should concern themselves with is who am I claiming as a dependent (because the government does have a interest in insuring that children are taken care of). Other than that....

      Butt the fuck out, Michelle (and Perry and Obama).

      --
      Aah, change is good. -- Rafiki
      Yeah, but it ain't easy. -- Simba
    83. Re:What is the goal? by DavidTC · · Score: 1

      Okay, I'm just going to have to reply here, because I don't want to repeat myself multiple times.

      The 'send a tea bag to congress' was, in fact, a grassroots movement. I do not disagree with that fact at all.

      However, as for protests...essentially every early protest of Obama, including pre-Tea Party ones and the first Tea Party-named ones, were organized by Americans for Prosperity and/or FreedomWorks.

      Both groups, I must point out, started off as Citizens for a Sound Economy, set up by the Koch brothers.

      None of this was 'taken over' by anyone. It pretty much started out that way. If anything, the Tea Party movement has become less controlled by moneyed interests.

      Now, there was the Keli Carender protest, which wasn't really a 'tea party' one, but appears to have been an actual grassroots protest set up before all this. And thus some people try to call her the 'first' tea party organized, because she's functionally the only one who wasn't trying to astroturf. But, uh, she really didn't have anything to do with anything. An actual independent protest of spending does not mean that the 'Tea Party' protests weren't manufactured, or are somehow related to her protest.

      --
      If corporations are people, aren't stockholders guilty of slavery?
    84. Re:What is the goal? by SumterLiving · · Score: 1

      And just think...in a little over 1 year that intensive form of direct democracy will manifest itself in 50% voter turn out. Yeah I understand voting doesn't change things but Occupy Wall Street will not change things either. Remember, winter is on its way and the protests will die out slowly. Please give me the complete picture of this protest. What exactly do these people want to raise awareness of? I'm unemployed and you're rich so pay more in taxes? And yes I am unemployed. Or is this awareness goal the Bail-out that occurred 2-3 years ago?

    85. Re:What is the goal? by Anonymous Coward · · Score: 0

      Indeed that is the problem. Without a defined goal, it is easy to characterize the protesters as a bunch of rambling losers who are not interested in going out and making money. One legitimate root complaint behind these protests is the abuse of power by the money rich, conscience poor financial services type. They consider it good business to wring the last dime out of the poor and desperate, and push the middle class into that group as quickly as possible.

    86. Re:What is the goal? by Attila+Dimedici · · Score: 1

      No, because it never was. The tea party movement from the beginning was a protest of government spending. There was a strong discontent with government spending that started with the bailouts passed in late 2008, which became an amorphous protest movement when the stimulus was passed in early 2009 and coalesced around Rick Santelli's rant about the government's proposal to refinance mortgages where he called for a "Chicago Tea Party". It was never about gun rights or anything other than government spending (although some elements extended it to opposing tax increases and supporting tax cuts, that was at least related by also being about government finances).

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    87. Re:What is the goal? by Shotgun · · Score: 1

      cooperative-styled meeting structure

      Is that your euphamism for a drum-circle?

      --
      Aah, change is good. -- Rafiki
      Yeah, but it ain't easy. -- Simba
    88. Re:What is the goal? by DavidTC · · Score: 1

      This is because the 'tea party' is at this point a way to refer to the Republican base. That's pretty much all it is now. (Which on the plus side has gotten it out under the thumb of the moneyed interests it was under, and just back to the normal level of moneyed interests for Republicans.)

      Pick any position the Republicans state they are 75% in favor of, and the Tea Party is about 100% in favor of it. The Tea Party is now just undiluted Republican positions. Aka, what is commonly referred to as 'a party's base'.

      Republicans politicians say they're 75% pro-life? The Tea Party is 100% pro-life! Republican politicians say they're 75% against earmarks! The Tea Party is 100% against earmarks! (1)

      Of course, the difference between 'stated position' and 'actual position' has caused some rather major problems with positions the Republicans are not actually in favor of, but like to imply they are, like letting the government default on its loans, which no sane political party is willing to do. Especially when Tea Partiers have actually made it to office.

      1) Apparently not understanding that earmarks are just Congress directing money towards specific projects, and without earmarks, Obama can direct the money as he sees fit. Tea party: Hell yes give Obama the power to do whatever he wants! No earmarks! Woo!

      Guys...earmarks and spending are not the same thing.

      --
      If corporations are people, aren't stockholders guilty of slavery?
    89. Re:What is the goal? by Surt · · Score: 1
      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    90. Re:What is the goal? by brianosaurus · · Score: 1

      Congress is on the payroll because Congress has the wrong people in it. The 99% (or at least 50% of them) voted those corrupt politicians into office to "represent" them. I support these protests as far as raising awareness, but none of their messages will be heard by the 1%. The message should be to the rest of the 99%, to get out and vote and make change happen. Ignore the BS, and vote on what really affects you on a daily basis. Gay marriage and medical marijuana didn't cause the recession.

      --
      blog
    91. Re:What is the goal? by gknoy · · Score: 1

      Cutting our military spending substantially will do a hell of a lot more than just about anything. No comments on whether such a thing would be wise or feasible, as I don't know.

    92. Re:What is the goal? by Anonymous Coward · · Score: 0

      The Tea Party (funded by the 1%) already tried generically protesting "this country's leaders" and we saw the result - more power to the 1%, AND a new fascist movement.

      No thanks - you need to get specific about WHO and WHAT you are protesting rather than just vaguely inveighing against "the current regime"

    93. Re:What is the goal? by Anonymous Coward · · Score: 0

      What you say about tax is false. If you are non-resident person of the US, you only have to pay US federal tax on income that is "effectively connected" with the US, even if you are US citizen. You do not have to pay tax on income that is not "effectively connected" with the US. This is true for corporations as well as people. Corporations get around some corporate tax by keeping profits they make abroad outside the US, and booking said profits in low tax locations. If they repatriate those profits to the US, they would have to pay US corporate tax on them.

    94. Re:What is the goal? by Ragun · · Score: 1

      Its like the Dunning–Kruger effect, the more you know about a subject the more you realize how much of it you don't understand

      I have some suggestions on policy changes, passing another Glass-Steagall Act, stronger antitrust laws, etc, but lets be honest, it would take years as a full time job to understand exactly what is going on, and determining a way to fix it. I have a different job, and no time to pick up a second. What we do know is that the financial system is woefully broken, and rewards people who know how to manipulate it vastly more than those who are actually making contributions to society. We also know that this abuse has become so prevalent, that it is damaging the economy on a wide scale.

      The first step is admitting you have a problem. Once everyone is on the same page, then we decide the specific reform.

    95. Re:What is the goal? by brianosaurus · · Score: 1

      Continuing that thought... How many of the protestors vote regularly? And how many of them vote on emotional issues (gay marriage, marijuana, abortion) instead of issues that actually affect them on a daily basis? If it is more important for you and your children to be unemployed, broke, and stupid than for homosexuals to share healthcare benefits, keep it up.

      The message to the 1% is falling on deaf ears (to be fair, some of them probably get a good laugh out of it). Instead target the rest of the 99% to pull their heads out of their asses and vote for real changes that will benefit themselves.

      --
      blog
    96. Re:What is the goal? by sonicmerlin · · Score: 1

      Wall Street basically caused the recession. They lobbied Congress to repeal Glass-Steagall, defeated significant financial reforms during Dodd-Frank, have all their cronies in the White House and control the purse strings of every major politician's campaign.

    97. Re:What is the goal? by DerekLyons · · Score: 1

      The goal seems to be to get enough people riled up to join the protests and finally to annoy the wealthy enough so that they call in the government guns

      That plan is based on the tinfoil hat notion that there's a set of "government guns" to call in - and that the 'wealthy' are just salivating for the chance to use them.
       

      inciting a revolution ala Egypt.

      Um... what revolution in Egypt?
       
      Seriously, just because the 'net declared "mission accomplished" and moved on to it's next meme doesn't mean anything has actually changed. Egypt is firmly in the control of one of the previous regimes most powerful supporters. No substantive change has occurred. And that's true all across the region - the groundhog saw his shadow and instead of a Jasmine Spring, we've got a nasty mess of winter.
       

      I do not know how I feel about this.

      You should feel very frightened that a populist mass with empty slogans and no plans or agenda is gaining such traction. That's not a recipe for change.

    98. Re:What is the goal? by DerekLyons · · Score: 1

      There's a difference between goals and slogans. The protesters fail to realize that - and so do you.

    99. Re:What is the goal? by Anonymous Coward · · Score: 0

      Even if you took 100% of the income the "rich" make you couldn't pay off the deficit or come anywhere close to scratching the debt. There are some more problems than just inequality.

    100. Re:What is the goal? by Antisyzygy · · Score: 1

      They still have a point, but are probably pissed off at the wrong guys. Its Government they need to get pissed at. They need to get corporations completely out of lobbying, they need to re-balance the wealth distribution so that a true middle class exists again, they need to create more jobs, and they need to institute better protections against rampant greed ruining out economy. There needs to be incentives to invest money into our economy rather than give it to the CEO as a bonus.

      --
      That brings me to an interesting point, / . is just "the ramblings of socially-inept, technology-literate news-mongers".
    101. Re:What is the goal? by Cl1mh4224rd · · Score: 1

      End the Wars
      Tax the Rich
      This isn't Rocket Science

      I certainly don't disagree with ending the wars, but why is that one of the goals of a movement called "Occupy Wall Street"? That sounds like a poorly focused movement.

      --
      People will pass up steak once a week, for crap every day.
    102. Re:What is the goal? by Attila+Dimedici · · Score: 1

      Sorry, the linked article does not support your premise. The only reference in it to anything that dilutes from the basic statement I made is the attempt by Ron Paul to hi-jack the tea party movement to support his foreign policy agenda (the tea party movement does not have a foreign policy position, although many of its members do).

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    103. Re:What is the goal? by Anonymous Coward · · Score: 0

      ...times are shitty right now for most people, and the top earners are better insulated for such times...

      Where the fuck do you think the money went, genius?

    104. Re:What is the goal? by guspasho · · Score: 1

      So if you voted and you protest, that makes you a hypocrite? If you voted then you shouldn't be upset because the policies you voted for aren't the policies you got?

      Frankly, that's bullshit.

      I voted because I believed the politicians I voted for would look out for my interests. It turns out they do not, and it is only by voting that I discovered that voting does not work when both parties are wholly-owned subsidiaries of Wall Street and dedicated to helping Wall Street loot this country and my future. So I turned to protesting. There is absolutely nothing hypocritical or logically inconsistent on unserious about that. It's only in your bizarre world where protesting is fundamentally vulgar.

      I really hate these stupid artificial barriers that people come up with for the protesters. You say that you can't protest if you voted because you're complicit, someone else will say that you can't protest if you don't even vote because you didn't even try working within the system first and therefore you don't believe in democracy or some bullshit. Some other person says the protest shouldn't be taken seriously because protesting is just a trendy thing that hipsters do for fun, while someone else might say if you've been leading the same rally for the same cause, religiously, for years, rain or shine, then you can't be taken seriously. Yet another says that if you have a bank account you aren't serious enough to protest, someone else would inevitably say that only those with bank accounts should have the right or cause to protest.

      Mind you, these aren't criticisms from other protesters intent on maintaining ideological purity. That runs counter to the idea of the 99%. These are all criticisms I've heard made by people who would never be caught dead doing something as unsavory as actually taking risks for their beliefs or demanding to be heard. These are people who heap scorn and derision upon the protesters even though they believe in the same things the Occupy Wall Street movement stands for: hold accountable those who wrecked the economy, tax the rich their fair share, save our social safety net from the looters, bring the jobs back.

      If anything the 99% is only 50% because the other 49% don't have the courage of their convictions and would rather cynically mock those of us that do as we fight for them.

    105. Re:What is the goal? by microbee · · Score: 1

      protesting Congress and the White House

      Why? Election year is coming. Do you mean protesting the American people who elected them?

    106. Re:What is the goal? by scot4875 · · Score: 1

      I'm guessing you don't spend a lot of time with anyone on "the left." There are plenty of us who are unhappy with Obama, but still see him as an improvement over what Bush was (not difficult, admittedly) and over what McCain/Palin would almost certainly have been. Just because we're not clamoring for impeachment doesn't mean we all think everything's hunky dory.

      --Jeremy

      --
      Jesus was a liberal
    107. Re:What is the goal? by Anonymous Coward · · Score: 0

      They (the corporations) were the ones who lobbied to get the tax breaks and bailouts. So, yeah - it's ok to blame them. What, did you lobby congress for the corporations to get bailouts?

    108. Re:What is the goal? by bckrispi · · Score: 1

      The last time the banks were allowed to fail was in the extremely lazzeis faire Hoover administration. The year was 1929. How well did that one work out?

      --
      Xenon, where's my money? -Borno
    109. Re:What is the goal? by Daetrin · · Score: 1

      Also, I don't recall them ever having been in the news for screwing over their workforce.

      Er, what? You must be new here?

      Maybe the accusations are justified, maybe they aren't, but you can't say Apple hasn't been in the news about screwing over their workforce. Well you could try, but personally i'd view any claim that Apple has disavowed all responsibility for the people making their products by outsourcing to the lowest bidder in another country as pretty disingenuous.

      --
      This Space Intentionally Left Blank
    110. Re:What is the goal? by Anonymous Coward · · Score: 0

      Sorry, but 'make as much money as they can' is either a breakdown of interpretation and or a violation of the 2nd law. Only the government 'makes' money. The people on Wall Street are there to 'TAKE' as much money as they can. If you get used to that paradigm, it will change your thinking a bit.

    111. Re:What is the goal? by Anonymous Coward · · Score: 0

      dismantle the military industrial complex and jail all influence peddlers, then directors of oil companies. release all supposed "state secrets, and learn what your representatives have been really doing, reclaim your Rights and Freedoms

    112. Re:What is the goal? by kaliann · · Score: 1

      There is irony only if you believe that a banking firm and a production and technology company are equivalent simply because they are both corporations.

      A corporation that makes money while producing no product generally does it by providing a valuable service. These protesters object to the fact that banking firms make huge sums of money even if they are precipitating disastrous destabilization of the economy. When these companies' poor practices lead to economical ruin, the bill is payed by taxpayers. They have gamble with our economy, kept the winnings, paid fewer taxes on said bounty than most citizens, and stuck us with the bill when they lost big. They are still earning huge sums of money.

      Apple makes good, useful computers. A product. You may debate the relative merit of a Mac's cachet, hipster association, marketing, branding, or fine points of quality, but you cannot deny a simple fact: laptops are useful tools, and Macs are good laptops. I don't own one and never have, but it's not because they aren't useful.

      Look, no one reasonable thinks that OWS is fundamentally anti-corporation/communist/socialist. Making money in and of itself isn't bad. However, when making money gives an entity the power to avoid taxes, regulations, debts, or laws there is a problem.

      Personally, I want corporations to be able to make money - in the course of providing goods and/or services. Yay for making money! I don't think that they should be able to do so without limits to protect the public or regulations that prevent incentivizing economic instability. They should also pay significant taxes. Not crippling taxes, but not the paltry drips they currently do.

      It is human nature that if a person or corporation can do something that makes them money but screws over everybody else, they will do it unless it is unprofitable: pollution, global warming, safety hazards, fuel inefficiency, outsourcing, tax dodging, etc.
      This is why arguing for deregulation of business is essentially saying: Yes, they will screw over everyone else, but I'm ok with that because they will take care of me.
      I haven't had any trouble catching pretty clear statements from these OWS folks. They want to focus attention on income and tax inequality, the lack of regulation on destructive corporate practices, and transparency in some obviously corrupt establishments (among other things). They want lawmakers to know that it's important enough to them that they will gather and get arrested to make these points. They want to be seen as a vocal demographic, because vocal demographics tend to vote, organize, mobilize, and support. Those are good traits in a constituency, if you can appeal to them.

    113. Re:What is the goal? by CosaNostra+Pizza+Inc · · Score: 1

      luckymutt,
      but the corporations have Washington politicians in their pockets. Every year, the number of lobbyists in Washington grows and grows. Yes, I'm going to blame GE because companies like GE aren't simply "following the rules". They help make the rules. What about the Comcast/NBC Universal merger that was approved a short while back?..Do you think it was a coincidence that FCC commissioner Meredith Baker was hired by Comcast as senior VP of government affairs, just four months after the approval she pushed for? If it were up to me, I'd get rid of ALL lobbyists in Washington...every one of them and restrict monetary gifts and jobs politians can take during and after they leave office.

    114. Re:What is the goal? by horza · · Score: 1

      Apple produces over-priced hardware produced in 3rd world countries at incredibly high margins. They are the experts in selling style over substance. The late Steve Jobs was a ruthless capitalist. And they were heavily subsidized by the government who granted them ridiculous software patents that no other country in the world would ever tolerate.

      If you want to protest against "corporate greed" then Apple has to be near the top of the list.

      Phillip.

    115. Re:What is the goal? by kerrbear · · Score: 1

      As an American citizen, if I go live and work in Ireland, or anywhere else, without ANY ties to the US at all, I still am required to pay US Federal income tax on the money I earn(in addition to that countries taxes.)

      Nope, if you live in Ireland you do not have to pay US Federal tax. You only have to pay federal tax on money you earn from the USA. That also includes payroll taxes. However, you will not be paying into social security or medicare and that can affect your benefits later. What you cannot do is pretend you live in Ireland, and still make money in the USA. That is what GE is doing.

    116. Re:What is the goal? by luckymutt · · Score: 1

      I agree with your remedy. I do. But more than that needs to happen.

      And I agree that the corporations have Washington politicians in their pockets.
      But that's how the current rules work. So its the rules that need to be changed, and protesting the bankers won't do it. As I said, protesting Washington won't do it either, but it is the correct tree to bark up.
      I used to think that voting made a difference, but I am not so sure anymore. They are all "Republicrats." Despite their rhetoric, there in no real difference between them.
      I don't know what the best course of action is. Maybe the Occupy is at least doing the job of getting more and more attention and getting discussions going.
      It would be nice if average people on the (relative)right and (relative)left would recognize their common ground, whether they are tea partyists(?) or occupierists(?)

    117. Re:What is the goal? by luckymutt · · Score: 1

      As an American citizen, if I go live and work in Ireland, or anywhere else, without ANY ties to the US at all, I still am required to pay US Federal income tax on the money I earn(in addition to that countries taxes.)

      Nope, if you live in Ireland you do not have to pay US Federal tax. You only have to pay federal tax on money you earn from the USA. That also includes payroll taxes. However, you will not be paying into social security or medicare and that can affect your benefits later. What you cannot do is pretend you live in Ireland, and still make money in the USA. That is what GE is doing.

      You are 100% wrong. I have lived abroad, and know this from personal experience. But don't take my word for it, ask the IRS:

      If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Your worldwide income is subject to U.S. income tax, regardless of where you reside.

    118. Re:What is the goal? by RightSaidFred99 · · Score: 1

      Then stop selling them your labor so cheaply. I really don't understand why so many people live in fairytale land. Your labor is decided by a) what you're willing to sell it for and b) what someone else is willing to do it for. The formula is simple - your labor is worth the lesser of a and b.

    119. Re:What is the goal? by Anonymous Coward · · Score: 0

      So you're admitting that the top 1% are bribing our elected officials, yet we should not be angry at and protest against them? If the "people on Wall Street are there to make as much money as they can," if they are using their larger-than-life influence to change the rules, to bribe politicians, to destroy our economy, and kick people out of their homes while sitting on massive piles of money, then hell yes - of course we can be angry at them, we should be furious.

      The politicians are not the direct problem; they are pawns in this ecosystem just like everyone else. The problems are human ones: greed, ignorance, and a lack of empathy.

    120. Re:What is the goal? by Anonymous Coward · · Score: 0

      Capitalism and democracy also lack specific and/or measurable goals. Just saying.

    121. Re:What is the goal? by MtViewGuy · · Score: 1

      I know their goal: socialism, if not outright Communism.

      As one who saw what Communist sympathizers did to Hong Kong during the 1967 riots first hand as a small child, that's why I have great distaste for the Left. Indeed, anyone from Eastern Europe over 35 years old (and remembers what it was like under Communist rule) must abhor what is going on with this movement.

    122. Re:What is the goal? by tobiah · · Score: 1

      you nailed it.

      --
      "The ability to delude yourself may be an important survival tool" - Jane Wagner -
    123. Re:What is the goal? by Anonymous Coward · · Score: 0

      Actually, it is possible to get 100% of your income taxes back if you are an ex-patriot. You can't spend more than about three weeks total in the US and there are some other rules but some Googling might tell you what they are. I work for a US company in another country and commute back and forth but many of my co-workers live outside the US and don't pay US income taxes legally.

    124. Re:What is the goal? by unitron · · Score: 1

      Are you really going to blame GE for, essentially, following the rules?

      It think it's more GE, and the others, buying the rules, and the rulemakers, that's stuck in their craw.

      --

      I see even classic Slashdot is now pretty much unusable on dial up anymore.

    125. Re:What is the goal? by rallen911 · · Score: 1

      Well, if it weren't for all of the massive government spending created by Mr. Roosevelt, it would have ended a lot sooner. There was another recession in 1920 that could have led to a depression had Presidents Harding and Coolidge not lowered the massively high tax rates from ~%73 down to %25 for the highest earners. The tax revenues actually went up. Look up the "Laffer Curve".

      The tax rates now are just about right. It's the spending that is killing us. Cut the spending to bring some clarity to what the future holds and businesses will loosen the purse strings.

    126. Re:What is the goal? by The+Dawn+Of+Time · · Score: 1

      How are the people with no money paying for the BMWs?

      It's perspectives like yours that make me feel like dismissing the whole thing as a bunch of whiners makes the most sense.

    127. Re:What is the goal? by The+Dawn+Of+Time · · Score: 1

      The problem here is simple. There are the have-lots, who have lots of stuff, then there are the want-lots, who want to have lots of stuff. Trouble is, the want-lots want the have-lots to somehow be forced to supply the stuff. Apparently because they feel that, having been born, they've done everything they need to do and they are now entitled to everything they want. I think. I'm not super clear on that part yet, no one has actually articulated anything beyond "I WANT LOTS OF STUFF."

      Basically, this is what happens when coddled kids come of age.

    128. Re:What is the goal? by egarland · · Score: 1

      End the wars and tax the rich for sure, but it's not just this.

      We have an economy that is managed to maximize profits and investment returns, even when the tradeoff is economic health, jobs, and the rights of the people. At the behest of Wall Street, we've continually lowered trade barriers which has allowed corporations to make use of extremely inexpensive labor and make larger profits, but now 1/4 or Americans are unemployed or underemployed. We've allowed companies that should be competing with each other and forcing each other's prices and profits down, to merge and gouge their customers. We allowed Exxon and Mobile to merge, and now they've posted record profits and we're paying record high gas prices. Now they're trying to merge AT&T and T-Mobile, which will drive choice and competition down, prices up, and inevitably lead to a large number of layoffs. It's bad for everyone except stockholders. We need our government to serve *our* interests and to run the economy for *our* benefit, not for the 1% who win when jobs are lost but profits go up.

      This is what they are fighting for. For capitalism, real capitalism that rewards hard work by skilled people who are serving customers needs, not this rigged system we have that exclusively rewards owning things and cheating the market.

      --
      set softtabstop=4 shiftwidth=4 expandtab nocp worlddomination
    129. Re:What is the goal? by Anonymous Coward · · Score: 0

      End the Wars
      Tax the Rich
      This isn't Rocket Science

      Courtesy of Tom Tomorrow:

      http://thismodernworld.com/archives/6027

      Like hell it's not! Rocket science is easy compared to fixing the human race!

    130. Re:What is the goal? by ispeters · · Score: 1

      You are 100% wrong. I have lived abroad, and know this from personal experience. But don't take my word for it, ask the IRS:

      If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Your worldwide income is subject to U.S. income tax, regardless of where you reside.

      What you're missing is that, since US income tax rates are so ridiculously low, your foreign income tax credit is going to nearly or completely wipe out any income tax you might have otherwise owed to the IRS, especially if you live in a civilized country with social services paid for by income taxes. It's a pain to file a form saying you don't owe any money just because you happen to have been born in the US, and that overhead isn't really free, but it's a far cry from being double taxed. If you paid taxes overseas and paid the IRS, you were almost certainly doing something wrong.

      Ian

    131. Re:What is the goal? by x_IamSpartacus_x · · Score: 1

      For example: by setting up shop (even on paper) in Ireland, the Bahamas or where ever else, US companies can get out of paying federal tax. Legally.
      Not so with an individual. As an American citizen, if I go live and work in Ireland, or anywhere else, without ANY ties to the US at all, I still am required to pay US Federal income tax on the money I earn(in addition to that countries taxes.)

      Not even remotely true. Form 2555 on IRS.gov is stupidly easy to file. I live in Mozambique but have my bank accounts in the USA, money is deposited into those accounts from other USA accounts, and I pay NO Federal taxes. Why? Because I am physically out of the USA. Look it up. Form 2555 reduces my taxable income to $0 as long as I am outside of the USA.

    132. Re:What is the goal? by Anonymous Coward · · Score: 0

      I agree mostly with what you're saying, however I'd argue that they're simply 'following the money'.

    133. Re:What is the goal? by BlackPignouf · · Score: 2

      for no other reason than it would be hard to find a group of American soldiers willing to fire indiscriminately on American citizens.

      Yeah, that would never happen : http://en.wikipedia.org/wiki/Stanford_prison_experiment.

    134. Re:What is the goal? by Alioth · · Score: 1

      It's not that hard to find American soldiers to shoot American civilians.

      http://en.wikipedia.org/wiki/Kent_State_shootings

    135. Re:What is the goal? by Dan541 · · Score: 1

      The interesting thing about the anti-capitalists is that if they didn't live in such an incredibly wealthy society they would probably need to work instead of being able to protest.

      --
      An SQL query goes to a bar, walks up to a table and asks, "Mind if I join you?"
    136. Re:What is the goal? by Anonymous Coward · · Score: 0

      For example: by setting up shop (even on paper) in Ireland, the Bahamas or where ever else, US companies can get out of paying federal tax. Legally.

      It's not quite as simple as that, but yes, there are ways to arbitrage jurisdiction for tax advantages.

      Not so with an individual. As an American citizen, if I go live and work in Ireland, or anywhere else, without ANY ties to the US at all, I still am required to pay US Federal income tax on the money I earn(in addition to that countries taxes.)

      That's a quirk of the US system; this does not apply to most other countries. Change your nationality if it bothers you.

      Also, if you were to work in Ireland, you'd end up paying federal income tax to the US, and then the difference between the US rate and the Irish rate to Ireland because of double taxation treaties.

      Are you really going to blame GE for, essentially, following the rules?

      Protest Washington...you won't get any better results, but at least you'll be barking up the right tree.

    137. Re:What is the goal? by tyrione · · Score: 1

      Cue Conan the Barbarian's explanation of what is good in life... oh wait, that's just for sarcastic value. If you have to ask then you are living in an alternate reality or are in the 1% who don't give a rat's ass.

    138. Re:What is the goal? by airfoobar · · Score: 1

      How did all those working middle-class people suddenly end up without money? Surely, there's more to the 9% unemployment than "people are lazy". Surely, the CDO fraud that made the bankers filthy rich may be connected to their homes being foreclosed (the same bankers who got bailed out once the shit hit the fan). Surely, they have a point about the government taking too much corporate money, causing them to make bad decisions on behalf of the people.

      Don't dismiss their worries because you don't like their whining or because you don't like some guy on some forum on the internet.

    139. Re:What is the goal? by mauriceh · · Score: 1

      Uh, as long as you are happy with no more USA power, this is a fine goal.

      Just what exactly do you think the US has left?
      Industrial war machine complex
      Rich bastards

      It was just this year that Chinese manufacturing surpassed that of the USA.
      Just HTF is that possible when EVERYTHING is made in China now?
      Think about the value of war goods and munitions.

      How DID Mr. Nobel get so rich, anyway?

      --
      Maurice W. Hilarius Voice: (778) 347-9907
    140. Re:What is the goal? by Anonymous Coward · · Score: 0

      http://www.

    141. Re:What is the goal? by Anonymous Coward · · Score: 0

      Most of them seem to be protesting against Wall Street, investors, and capitalism in general, however it was the *anti-capitalism* actions of the TARP bailout that a lot of them are citing.

      Capitalism, shmapitalism! Capitalism means there is a finite set of rules that favor some but ultimately provide finite-length path to success for just anyone who follows those rules. What they are protesting against is nothing like that. They are against a sort of a glass ceiling - an invisible barrier that separates classes, just like in 18th century kingdoms. Back then the barrier was apparent and the birth, their origin separated people for life. This separation today uses capitalism just as an excuse, legitimation and false explanation to prevent barrier rupture.

    142. Re:What is the goal? by Artifex33 · · Score: 1

      Why use the government to take their property away? Just go do it yourself. That would still be moral, right?

    143. Re:What is the goal? by Anonymous Coward · · Score: 0

      I can boil down the general feeling of what everyone wants as a starting point so we can take it from there, and that is more democracy for the people. Right now at best its a Representative republic that represents the interest of people who make enough cash to buy representation so they make the rules and make sure they are the only ones represented in government. It would be nice if it was the way it was espoused to be. But what do I know Im a middle class guy in his late 20's busting my ass to get by while they [politicians, other people not acting in the best interest of the general population] make it harder and harder to do so.

    144. Re:What is the goal? by Archangel+Michael · · Score: 1

      Obama is certainly the same level as Bush, completely incompetent, just that it manifests itself differently. YOu may think he is an improvement, but I'm looking around and don't see any improvement at all. We're still in Afgahistan, Iraq and now Libya. Gitmo is still open. Holder has armed the Mexican drug cartel who is ready to invade the southern boarder. The Savior of the world cannot get anyone to stop laughing at him long enough to do anything useful on the world stage.

      And when you're done explaining these away, you can start talking about the Economy where the ONLY solution Obama has offered is "Tax the rich" scheme. He's not actually suggesting anything that will improve the economy. I'm half suspecting he will try to nationalize the banking industry in the next two years.

      And if Bush was involved in Solyndra type "investment", the left would be asking for his head on a platter. But since that was "solar" crap, Obama gets a pass for "trying". But then we find out Nancy Pelosi's kin is involved in the next Solar Loan scandal that has barely hit the news. Yawn, I guess that is too boring for you lefties. You're to busy going after (R) fat cats that you ignore the (D) fat cats, rather than deal with ALL the fat cats as one.

      --
      Agent K: A *person* is smart. People are dumb, stupid, panicky animals, and you know it.
    145. Re:What is the goal? by bugs2squash · · Score: 1

      I don't think that's true, lots of countries have tax reciprocity agreements whereby you pay the local tax in lieu of US tax.

      --
      Nullius in verba
    146. Re:What is the goal? by Anonymous Coward · · Score: 0

      The problem is that the 1% and corporations are playing by laws and rules *that they paid for*. The 99% can't pay for the rules to be re-written in their favor.

    147. Re:What is the goal? by jafac · · Score: 1

      . . . and the thing is:
      When (for example) the "tax the rich" goal is unwound to very specific technical items like - get rid of offshore tax havens, reform corporate tax law, eliminate unfair deductions like mortgage interest for second, third, vacation homes, and investment properties, etc. - basically - we want a simplification of tax code that returns REAL progressivity, and returns fairness and justice to our economic system. . . . most people tend to fall asleep, and the rest get mired down into arguments of minutia that really don't matter.
      So we boil it down to the #twitter, foxnews drone, and bumper-sticker-friendly - "Tax the Rich" - and suddenly, their eyes light up, and then they understand! Ah! STALIN! You are engaging in CLASS WARFARE! You want to send us to FUCKING GULAGS YEW FUCKING NAZI KENYAN COMMUNIST!

      See? You can't argue with these people. The teajadists want to pull out their sixguns and start shootin'.

      They won't open their eyes, and look around at their own fucking country, at the plight of their own fucking neighbors - their OWN FUCKING CHILDREN, and see - that what we've been doing for the past 30 years, is NOT FUCKING WORKING.

      Without succumbing to neo-McCarthyite crap, or descent into technocratic minutia - yes, the jist of the argument is: in the absence of any incentive for employers to widely compensate workers such that demand is sufficiently stimulated such that our economy actually functions. . . then, MILDLY progressive taxation coupled with Keynesian stimulative policy is required to restore economic demand.

      The only time Keynesianism has been demonstrated to cause problems is when jackholes like Ronald Reagan and George W Bush chose to DEFICIT SPEND during a boom-cycle, causing economic bubbles, causing subsequent credit crises (massively exacerbated by FAILURE to criminally prosecute widespread white-collar crime: banking and securities fraud - which further undermined public trust in the banking system; killing demand, and plundering consumer wealth).

      Yes. The 99% have been pissed off since Neal Bush and the S&L crisis. Fucking deal with it.

      The demands are pretty simple, even a dinosaur-riding flat earther flat-taxer can understand it.

      --

      These are my friends, See how they glisten. See this one shine, how he smiles in the light.
    148. Re:What is the goal? by bckrispi · · Score: 1

      Well, if it weren't for all of the massive government spending created by Mr. Roosevelt, it would have ended a lot sooner.

      And let me guess: The civil war was fought to protect State's Rights from an invasive Federal government? Repeat a lie often enough, and you'll get people to believe it...

      --
      Xenon, where's my money? -Borno
    149. Re:What is the goal? by Anonymous Coward · · Score: 0

      Problem: Money ruins politics.
      Solution: End recognition of corporations as people, get ALL corporate money out of politics.

    150. Re:What is the goal? by rrohbeck · · Score: 1

      Taking this to its logical consequence you would need to protest in front of every voter's house. Or most.

    151. Re:What is the goal? by Anonymous Coward · · Score: 0

      Agree 100%. I also worry that if this is the best the 20-something generation can do were in for a world of crap once these bozo's start running the country.

    152. Re:What is the goal? by Cyrjax · · Score: 1

      I totally agree. They are attacking the end result, and not the root cause of the problem.

    153. Re:What is the goal? by smelch · · Score: 1

      I'm not saying you voted you're complicit, I'm saying if you voted and you were dazzled by political money buying your vote through TV ads and the like then you are complicit. If you weren't dazzled, then you didn't get what you wanted, which means there is another group of people who were either dazzled and need to wake up, or actually got what they wanted. I broke them up in to 50% (undazzled) and 49% (got what they want/dazzled). You need to take your message to the 49% in a way that makes sense to them, instead of just shaming rich people publicly. The Occupy Wall Street movement clearly hates the rich and powerful in the country. There is a sizable portion of Americans who do not hate the rich and powerful without being a part of them. Show the people why we should hate the 1% is my point, instead of making everybody just hate you more, which is all this movement has accomplished so far with their childish antics, especially what they said to Congressman Lewis in Atlanta. Talk about bizarre behavior! Why would I want to listen to anybody who won't listen to a congressman speak directly to them about their issue?

      --
      If I can just reach out with my words and touch a butthole, just one, it will all be worth it.
    154. Re:What is the goal? by Anonymous Coward · · Score: 0

      The point is that those people being protested against, SHAPE policy, meaning that representatives from Wall Street are frequently employed by Senators and Congressmen, and frequently actually writing the policies. Literally. Which means the wolves are building the chicken coop. It seems evident that you are rational, so it surprises me that you didn't know this fact.

      Protesting the government is akin to protesting the Department of Transportation because you got rear-ended by a commercial truck driver; it wasn't your fault, he broke the law, not you, yet he didn't get arrested, penalized or ticketed (in this case). You no longer have a working car, maybe a neck injury. So what do you do? you complain to the driver's company, maybe sue them for damages.

      Not saying politicians aren't corrupt but attacking them is useless. Corrupt politicians are a symptom, not the disease. Follow the money, and you find the source of the corruption.

    155. Re:What is the goal? by Anonymous Coward · · Score: 0

      However Congress and the White House are getting their pockets lined by the 1% to vote and make laws that protect them, their money, and to get out of being held accountable for their actions. The 1% controls the Fed Reserve as well. Yes Washington does have blame in this as well. They however are just pawns in it all being controlled by the 1%. It's more of a movement of awareness. Making more aware of how the government is being ran by corporate greed. Politics are ran by money and that has to stop.

    156. Re:What is the goal? by Anonymous Coward · · Score: 0

      Actually I disagree with this point to some degree. While the government of nations have the ability to provide a regulatory frame work within the country that they operate in, the power weilded by the people that run these corporates is now so huge that we get the "too big to fail" issue, amongst other issues.

      As a result, the people who get paid $1 million+++ a year get to play with hundreds of billions of dollars of other peoples money in such a way that it benefits themselves. I have heard people interviewed (sorry no reference off the top of my head) saying that there were people involved in the banking industry that knew that CDOs etc. where a disaster waiting to happen, but everyone was doing it. By doing something different, you would have to justify it using even greater profits (which is hard to do against what is essentially a global ponzi scheme). The companies in question make large short term profits which boost the end-of-year bonuses, but don't help when the whole thing implodes.

      The problem is accountability. So the goal should be to attain it. This will take regulation, but it will also require other steps. Shareholders must force boards and senior management of these huge companies to structure their huge pay schemes to have encourage long term thinking. Kill off the quick profit, because, in the end, society as a whole pays for that way of thinking. Slow and sure wealth growth will stop this behaviour. It will also reduce the sort of thinking that leads to boom-bust cycles that we are currently stuck on.

    157. Re:What is the goal? by guspasho · · Score: 1

      This makes a lot more sense now. Sorry for misunderstanding you.

    158. Re:What is the goal? by 3dr · · Score: 1

      This $20 trillion figure caught my eye as a suspicious quote. So far, nothing of the sort has been distributed, yet.

      In 2008, total bailout cost estimates ranged from $4.5T to $8T.
      According to CNN in 2009, the bailout had $11T committed, but of that only $3T had actually been paid out.
      The SIGTARP report was the source of the $23T committed figure, but even in that report only $3T was actually spent (also 2009).

      Many sources are quoting each other, and it's hard to find more information into 2010 and 2011 about what monies have been disbursed.
      According to the The Center for Media and Democracy's PR Watch website, as of April 2010 some $4.6T had been distributed.

      So far, every cost estimate is based on the maximum, worst-case cost of each program (as it should be in most cases). But what is more interesting is how much is actually spent, and under what conditions the rest can be spent. But certainly, $20T has NOT been spent.

      BTW, the bailouts make me sick, so don't confuse my questioning this figure with disagreeing with you.

    159. Re:What is the goal? by NoOneInParticular · · Score: 1

      Few year, and they'll have robots. They're practicing in the Middle East now. We're next.

    160. Re:What is the goal? by Zontar+The+Mindless · · Score: 1

      As an American citizen, if I go live and work in Ireland, or anywhere else, without ANY ties to the US at all, I still am required to pay US Federal income tax on the money I earn(in addition to that countries taxes.)

      Not necessarily. In many cases, if you reside abroad, are employed there, pay taxes there, and spend less than 35 days per year in the US, you may not have to. Currently in such cases, you do not have to pay taxes on the first US$91,500, and you may be able to increase that amount based on how much tax you've paid in your country of residence. (Even so, you're still required file a return.)

      This depends on the country where you reside and other factors. Consult a tax accountant, attorney, or other qualified professional for particulars.

      --
      Il n'y a pas de Planet B.
    161. Re:What is the goal? by somethingtoremember · · Score: 1

      I'll just gratuitously paraphrase Zizek. Let me tell you a wonderful old joke from communist times.

      A guy was sent from East Germany to work in Siberia. He knew his mail would be read by censors. So he told his friends: Let’s establish a code. If the letter you get from me is written in blue ink, what I wrote is true. If it is written in red ink, it is false. After a month his friends get the first letter. Everything is in blue. It says: Everything is wonderful here! Stores are full of good food. Movie theaters show good films from the West. Apartments are large and luxurious. The only thing you cannot buy is red ink.

      This is how we live. We have all the freedoms we want. But what we are missing is red ink. The language to articulate our non-freedom. The way we are taught to speak about freedom, war and terrorism and so on, falsifies freedom. And this is what the occupiers all over this country, and allies around the world, are doing here, in Wall Street: giving all of us red ink.

      Communism failed absolutely. But the problems of the commons are here, now, where you are and where I am. They are telling you we are not Americans here. But the conservative fundamentalists who claim they are really American have to be reminded of something. What is Christianity? It’s the Holy Spirit. What’s the Holy Spirit? It’s an egalitarian community of believers who are linked by love for each other. And who only have their own freedom and responsibility to do it. In this sense the Holy Spirit is here now. And down there on Wall Street there are pagans who are worshipping blasphemous idols. So all we need is patience. The only thing I’m afraid of is that we will someday just go home and then we will meet once a year, drinking beer, and nostalgically remembering what a nice time we had here. Promise ourselves that this will not be the case.

      We know that people often desire something but do not really want it. Don’t be afraid to really want what you desire.

    162. Re:What is the goal? by somethingtoremember · · Score: 1

      No I wear nice clothes, love suits, hate joints, and free love has fucked me over. Let's write software that allows us to get rid of this silly 'peoples mic' phenomenon.

  11. It's the left version of the Tea Party by 0xdeadbeef · · Score: 2, Insightful

    Populist rage of the disaffected, only these are unemployed college grads instead of moderately racist suburbanites. And while this group lacks coherent talking points, at least they are angry at the right people.

    1. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      "moderately racist suburbanites"

      Evidence?

    2. Re:It's the left version of the Tea Party by Brian_Ellenberger · · Score: 3, Insightful

      Populist rage of the disaffected, only these are unemployed college grads instead of moderately racist suburbanites. And while this group lacks coherent talking points, at least they are angry at the right people.

      Really? Then why aren't the protesting their University for putting them tens or even hundreds of thousands of dollars in debt for a degree that isn't worth a tenth of that? You know, the universities sitting on multi-billion dollar endowments yet are raising tuition many times the rate of inflation? In an age where information is vastly cheaper and easier to acquire, they are making it much harder and more expensive.

      The fact they are blaming Wall St, which has absolutely nothing to do with their degrees' cost, shows their university did not provide them with the necessary critical thinking skills to make it in the world.

    3. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      It's the left version of something alright, but it's not the Tea Party.

    4. Re:It's the left version of the Tea Party by StillNeedMoreCoffee · · Score: 3, Insightful

      They have cogent talking points, tax equity for individuals and corporations. One person, one vote ( minimize the power of money from the top to influence elections and elected officials). There message is simple and close to the message of the original Tea Party which came out against Wall Street before the Koch brothers and Fox took over that group and steered them to be anti-government instead of anti-wall street.

    5. Re:It's the left version of the Tea Party by CptNerd · · Score: 1

      Assertion is all the proof needed, or haven't you been paying attention to politics (and Slashdot) for the past decade or so?

      --
      By the taping of my glasses, something geeky this way passes
    6. Re:It's the left version of the Tea Party by cobrausn · · Score: 1

      Doesn't need it. I'm sure there are quite a few people in the Tea Party who are also quite racist, and they will find these people and let them espouse their bullshit if you make them do it. Therefore they are all racist. That's how American politics works these days.

      --
      How does it feel to be a liar with pants constantly on fire?
    7. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      "Evidence?"

      Seriously? Asking one of Obama's sheep to provide a REASON for what they think? That would actually cause them to evaluate their thoughts rather than being told what to think.

      Good luck with that...

    8. Re:It's the left version of the Tea Party by elrous0 · · Score: 1

      Most of the ones I've seen at these protests were STUDENTS, not grads. They're the same sort of professional protestors that show up at EVERY left-wing protest (i.e. college hippies). They show up with their drum circles, issue forth smug rhetoric to any reporter who'll stick a mic in their face, blog about fighting evil corporations on their brand-new MacBooks, smoke some weed, and then go back to school when mom and dad threaten to cut off their money.

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    9. Re:It's the left version of the Tea Party by edi_guy · · Score: 5, Insightful

      It's interesting to me that Biden says there are similarities between the Tea Party and the Wall St movement, but gets shouted down or mocked by both. Take that a the core principle of the Tea Party is that government has gotten too big, is too wasteful & corrupt and is essentially bankrupting the country you would get a lot of agreement from the public. Take that a core principle of the Wall St movement is that corporations are too big, too powerful & corrupt, and are selling out this country, then that too would probably get a lot of agreement from the public. But still no effort or interest to join together to effect REAL change And of course the fact that the media invariably 'simplifies' the characterizations of one group to be racist rednecks, and the other group to be dirty hippies so that the true 'Middle' type folks won't feel comfortable supporting one or the other and certainly not both. Critical thinking on both sides of the political spectrum would help, but experience has shown that is harder to find in America today than a domestic coding job...

    10. Re:It's the left version of the Tea Party by drinkypoo · · Score: 1

      The fact they are blaming Wall St, which has absolutely nothing to do with their degrees' cost,

      The college execs saw the wall street execs making a lot of money, and they wanted a piece of that too. Colleges help wall street by providing cheap research for corporate interests on the backs of students and wall street helps colleges by helping keep the money flowing.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    11. Re:It's the left version of the Tea Party by MightyMartian · · Score: 2

      I think the protests have got a little too big to be simply dismissed as merely a bunch of professional protesters.

      My problem is that I still have absolutely no idea what they want. Even the Tea Party, as malign and foul a movement as it is, at least has a basic common set of demands. I gather the protesters are against income disparity, but other than that it's all mishmash and mumbo jumbo.

      --
      The world's burning. Moped Jesus spotted on I50. Details at 11.
    12. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      There was already an occupation wave in the universities over the past couple of years. It failed to grow because it did not reach the workers and most oppressed layers of our society. Now we are growing because we raise no demands on our enemies, only on our allies; it is not at all outside of our fold to struggle against the misery of the universities as well.

    13. Re:It's the left version of the Tea Party by thebian · · Score: 1

      Whatever it is, it ain't the revolution. I'm not sure that all the people in the U.S. and Europe who dream of revolution really want one or have some clue about their place in the world.

      The 99% are not miserable in any sense of the word. Sure unemployment is high, but you don't have huge masses of people starving, homeless and riding the rails. Sure there is inequity in the U.S., but people all over the country keep voting for pawns of the corporate elite.

      I think the leadership of OWS would like to build a left Tea Party but they don't have the money and know how. Nor do they have a black president, about the only fact that binds the various fringe groups in the Tea Party together. Libertarians and the Religious right? Gimme a break. See my favorite blog .

    14. Re:It's the left version of the Tea Party by jo_ham · · Score: 1

      As opposed to those who get their "facts" from talk radio and Fox News?

      Amusing.

    15. Re:It's the left version of the Tea Party by jo_ham · · Score: 1

      You think they're all unemployed college grads because someone on slashdot said so?

      You might want to look at the demographic first.

    16. Re:It's the left version of the Tea Party by cpricejones · · Score: 2

      These kinds of protest were very popular before the Great Depression and spawned all kinds of songs against the banking elites (e.g., JP Morgan). NPR had a nice piece discussing the history of anti-Wall Street protest the other day: http://www.npr.org/2011/10/07/141162196/a-look-at-the-history-of-wall-street-protests

    17. Re:It's the left version of the Tea Party by dkleinsc · · Score: 5, Insightful

      The three aspects of Occupy Wall St that are like the Tea Party are:
      1. It's without question a populist movement.
      2. It's emphasizing peaceful protest as a way of getting what you want.
      3. It's not coming from either major party's political apparatus.

      That's about where the similarities end. Some of the more significant differences:
      1. Police have generally been favorable to or at least tolerant of Tea Party protests. They have been hostile and violent towards Occupy Wall St.
      2. As of yet, there have been no indications that Occupy Wall St will turn into "elect Democrats" in a way that the Tea Party turned into "elect Republicans". There are also indications that attempts to turn it into an effort to elect Democrats would likely end in failure.
      3. There are no wealthy donors and no major corporations giving money to Occupy Wall St, in the way that the Tea Party was financially supported by News Corp.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    18. Re:It's the left version of the Tea Party by couchslug · · Score: 1

      If enough different people get pissed, good.

      We need populist anger because NOTHING else has ever pressured the elites into behaving themselves.

      --
      "This post is an artistic work of fiction and falsehood. Only a fool would take anything posted here as fact."
    19. Re:It's the left version of the Tea Party by aztektum · · Score: 4, Interesting

      Clearly you have little understanding of how a university works.

      Just because you have a giant endowment doesn't necessarily mean you can write checks off of it. They're likely tied to stipulations regarding their use.

      It's becoming more expensive because costs have gone up, more people are attending (in general due to population increases, more people are "college age" than before but also enrollment goes up when the economy goes down).

      Second, the economic depression has been on for a while now and wiped out emergency funds and other savings they'd accrued. There was a lot of money lost in investments that are now worthless, largely thanks to the gambling by our financial industry, but not exclusively.

      To be clear, I'm not saying there aren't areas where universities can do better to reduce costs. For example, the one I worked at for years was quite heavy on the administrative level, and could likely shed some of that to save money.

      Finally, just because information is easier to come by doesn't mean it's all valuable. The more information there is, the more work involved in organizing the useful bits from the shit.

      Our economy is a web of interconnections. It's not at all as simple as you make it sound.

      --
      :: aztek ::
      No sig for you!!
    20. Re:It's the left version of the Tea Party by fermion · · Score: 1
      The one difference is that the tea believed that if certain politicians were elected, things would be better. These people, even though they had no trust of government, believed the government could solve the problems. It can be argued that teabaggers believe that the government causes the problems, and it is true they say less government is necessary, but at the end of they day it is about electing people to redirect government to certain policies, and in the presidential race the tea bag movement has been subsumed by the christian conservative movement. Look at Perry, who believed the rhetoric that jobs and economy was more important than social programming getting wiped because he wanted to protect girls from cancer.

      Compared to the tea party, the wall street people are a rag tag group of generally unhappy people. They are not the ones who are hurting because in all cases the people who are hurting do not have time or resources to mount a good protest. Some of them do, but we just call them vagrants or homeless. There is nothing like fresh white faces with thousands of dollars of equipment to spur the public interests and validate a movement.

      They have not taken seriously by anyone because they do not shop at walmart, or raise money for politicians, or contribute to PACS. They simply want the bankers who stole billions of dollars to not do it again. While other industries are required to pay for mistakes and take a few quarters of loss, the banks were immediately bailed out and them allowed to keep all the future profits. At least the auto industry was forced to do a mea cupla.

      The problem is that conservatives seem to think it is perfectly fine for a tea party person to threaten the president, or spit on a congressman, but one free pesant blocking the drive of the elite requires the use of pepper spray.

      --
      "She's a scientist and a lesbian. She's not going to let it slide." Orphan Black
    21. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      They're angry at corporations, when they should be angry at the government for bailing out those corporations. Wall Street would have been punished big time if the government didn't step in and save them. The solution is not to give the government more power, which would just result in corporations with access having more power and higher barriers to entry with the power of the state protecting them, but to take power away from the government, thus when corporations control politicians they won't be able to do much since the politicians would have less power.

    22. Re:It's the left version of the Tea Party by cmburns69 · · Score: 1

      It's the left version of the Tea Party...at least they are angry at the right...

      I see what you did there.

      --
      Online Starcraft RPG? At
      Dietary fiber is like asynchronous IO-- Non-blocking!
    23. Re:It's the left version of the Tea Party by Hatta · · Score: 1

      Most of the ones I've seen at these protests were STUDENTS, not grads

      Students who are rightfully concerned about the level of debt they need to take on to have a chance at success, and about just how small that chance really is these days.

      protestors that show up at EVERY left-wing protest (i.e. college hippies).

      Good, people who actually care about their fellow man. We need more people like that.

      They show up with their drum circles

      Yeah, I'm no fan of drum circles either, but you can't just chant and march all day either. There's not a whole lot you can do without amplification. I think the costumes are pretty stupid too. But I don't know what else to do. If you have better ideas, I'm open to suggestions.

      issue forth smug rhetoric

      Smug perhaps, but coherent. I haven't seen any "keep the government out of my FAFSA" signs.

      blog about fighting evil corporations on their brand-new MacBooks

      Because they live in the world as it is, they can't advocate for a better one?

      smoke some weed

      And? So?

      then go back to school when mom and dad threaten to cut off their money.

      So not only are they concerned about the welfare of the lower class, they're concerned about the welfare of a class they are not even a part of? Such altruism should be lauded.

      --
      Give me Classic Slashdot or give me death!
    24. Re:It's the left version of the Tea Party by John+Bresnahan · · Score: 2, Interesting

      1. Police have generally been favorable to or at least tolerant of Tea Party protests. They have been hostile and violent towards Occupy Wall St.

      That's because the Tea Party doesn't defecate on their cars. Daily Mail

    25. Re:It's the left version of the Tea Party by nbauman · · Score: 1

      Then why aren't the protesting their University for putting them tens or even hundreds of thousands of dollars in debt for a degree that isn't worth a tenth of that?

      "Wall Street" is actually what William Buckley would call a "synecdouce" http://en.wikipedia.org/wiki/Synecdoche. They're not exactly protesting against Wall Street (why would you protest against a literal street, anyway? Don't you understand metaphor?). They're protesting against the financial establishment.

      As Naomi Klein and others have pointed out, the financial industry has taken over the financing of education, and turned it into a profit center for themselves. This is similar to he way they've taken over the health care industry, the housing industry, etc.

      In fact, there was a workshop at Zucotti Park on student loans. They're organizing.

      The fact they are blaming Wall St, which has absolutely nothing to do with their degrees' cost, shows their university did not provide them with the necessary critical thinking skills to make it in the world.

      Why is it that people always throw out charges that can more accurately be applied to themselves?

    26. Re:It's the left version of the Tea Party by Bardwick · · Score: 1

      500% tution hike in 16 years. That's because of rising costs? Healthcare isn't climbing anywhere near that fast.

    27. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      A lot of the OWS folks are mad about the college debt. Occupy Wall Street and Student Loans by Josh Barro for The National Review. At Occupy Wall Street protests, student loan frustration by Jenna Johnson for The Washington Post Blog. Here's a demand: forgive student loan debt by Robert Applebaum for The Guardian. You're welcome.

    28. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      I doubt they are mad about their degrees being useless...

    29. Re:It's the left version of the Tea Party by sycodon · · Score: 1

      Most of the people posting on this topic are probably at the protests, posting on Slashdot using their iPhones.

      --
      When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    30. Re:It's the left version of the Tea Party by Bucky24 · · Score: 1

      then go back to school when mom and dad threaten to cut off their money.

      So not only are they concerned about the welfare of the lower class, they're concerned about the welfare of a class they are not even a part of? Such altruism should be lauded.

      Can you explain how you got from the first to the second? (Not saying you're wrong, I just don't understand how you got there).

      --
      All the world's a CPU, and all the men and women merely AI agents
    31. Re:It's the left version of the Tea Party by dan828 · · Score: 1

      Tea party was a populist movement that was subverted by republican interests. It didn't start that way. The Tea Party Express, which is a wholly owned subsidiary of the repubs was formed in order to control the news about the tea party, and then given credence by major news organizations. I have no doubt that the dems will pull the same thing. And there are plenty of big money donors on the left to make sure it happens-- see George Soros.

    32. Re:It's the left version of the Tea Party by sgt+scrub · · Score: 1

      Then why aren't the protesting their University for putting them tens or even hundreds of thousands of dollars in debt for a degree that isn't worth a tenth of that?

      Or protesting the government because, unlike some of the AAA rated countries, there isn't a means to get a free college degree.

      --
      Having to work for a living is the root of all evil.
    33. Re:It's the left version of the Tea Party by sycodon · · Score: 1
      --
      When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    34. Re:It's the left version of the Tea Party by Hatta · · Score: 1

      If mom and dad are paying for college, you're not really lower class. Poor people go into debt and/or work to pay their way through college.

      Not that I blame you if your parents are paying for college. We should all be so lucky. I mean that literally. Every last one of us should be that lucky, and if we were, there would be no protests.

      --
      Give me Classic Slashdot or give me death!
    35. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      1. A few hundred disaffected youth and guys who know hippie chicks are easy does not a populist movement make.

      2. There have already been arrests at the occupy rallies, not so peaceful.

      3. Both sides would argue that the Tea party and the Occupy crowd have their string pullers.

      Onto part two:

      1. Police favor anyone how cleans up there mess is non violent and generally nice to be around. They get a little annoyed when you block traffic or take a crap on their car, who can blame them.

      2. True this hasn't turned into elect dems, yet. Then why are the unions showing up? They are the get out the vote arm of the dem party. At the moment the dems look like they are trying to balance on a fine line of not looking like they are in favor of the protests in front of their blue collar base that hates hippies, but looking like they support it infront of a younger more favorable crowd. AKA typical political behavior.

      3. Yes the left is there with donors. The limousine liberal crowd have shown up, Moore, Sarandon etc. The ACLU has covered bail for arrestees, but not making a big deal out of it.

      Eventually the occupy crowd will either fade away because it has no unifying message other than whaa whaa, we hate our spoiled lives and cutting ourselves isn't fashionable anymore. Or it will get co-opted by some smarter entity (like the dem party) because that is the natural order of these things.

    36. Re:It's the left version of the Tea Party by Machtyn · · Score: 2

      The strange thing about tax equality, is that when it does come about, the middle and low income earners are going to be paying more taxes. They almost pay nothing now (not including sales taxes and similar). I consider myself a middle class income earner and I get almost 100% of my income tax back due to credits for school/house loan interest, children, and charitable contributions (mine are over 10% of income).

      If this group of protesters are engaged in trying to drive up taxes on the wealthy, what good is it going to do to take money from fat cat business people who actually do or enable things to get done and sending it to the fat cat politicians where the money gets lost in bureaucracy and waste? Truly, there needs to be better parity between the Carly Fiorina's of the world that get their $42 million golden parachutes and the low and middle income workers that have just as much sweat equity as the upper management has financial equity in a business. Granted, the workers, if laid off, will get a month or two of severance (if they're lucky)... but that's nowhere near a retirement enabling $12 million that Mark Hurd walked off with when he was "fired".

      Certainly, unions help in this type of situation. But as we have seen, the union's have their fat cats and become a cancer to the business.

    37. Re:It's the left version of the Tea Party by jo_ham · · Score: 1

      I thought using an iPhone was just a status symbol used by clueless sheep with no ability to think for themselves? What would they be doing posting on slashdot?

      Oh, I see.

    38. Re:It's the left version of the Tea Party by Hatta · · Score: 1

      1. The Tea Party has been FOX sponsored from the get go.
      2. "We come unarmed, this time"
      3. See #1.

      I say that, and I still believe that the OWS has more in common with the Tea Party than it does with either mainstream Democrats or Republicans. They are the real villains.

      --
      Give me Classic Slashdot or give me death!
    39. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      Critical thinking on both sides of the political spectrum would help, but experience has shown that is harder to find in America today than a domestic coding job...

      Well put. It's interesting that Gallup, CBS, & NY Times polls have been putting US Congressional approval ratings in the 13-16% since 2010, and this coincided with the "big shakeup" that happened in the 2010 midterm elections when the public's voice was finally heard! The results of those elections? 86% of incumbents were re-elected.

      Ocuppy X, Tea Party, Next Protest Movement... none of them matter while we keep re-electing the majority of the legislative body.

    40. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      The right people? Who? The banks for giving student loans that have to be repaid? It seems as if every one of the protesters has a different agenda. The only thing they seem to agree on is: "People with money suck( except MY parents)"

    41. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      "at least they are angry at the right people."

      No, they are not.

      I assume that the demands made on the protest signs and the manifesto going around are representative, and if that is the case then the protesters are not angry at the right people at all. Almost every claim and accusation they make is not directed at the actual responsible party. It is rather embarrassing to have to point it out but that is why we are in this mess; the large majority of people do not see the source of the problem.

      The following is a link to a video of a speaker that goes through each claim in some detail. It may sound like he is teaching 1st graders, but that is only because this should be completely obvious already and he is just spelling it out extremely thoroughly for those blinded by propaganda and a lifetime of misinformation.

      http://www.youtube.com/watch?v=F6Z5Yb7Pjqk

    42. Re:It's the left version of the Tea Party by luis_a_espinal · · Score: 1

      "moderately racist suburbanites"

      Evidence?

      Ever seen their discussions online (or in person as I've sadly come to witness), with references to the Ubamalatto, the Kenyan who is bringing Shariah to America, the muslim rule in Detroit (whatever the hell that means) and vile crap of that nature? This is the group that is being pandered by "God-can-cure-the-gay" Bachmman and who rabidly listen to Glen Beck saying that 10% of the Muslims are terrorists (and bovinely agreeing to it.) A movement with a sizable number of people that happily stomp their feet (as George Wallace once put it) when a politician or someone close to him/her calls for Christians to vote Christian.

      One has to be blind or dishonest to not see this for what it is.

      I was actually in favor of the Tea Party movement when it was nascent, but quickly opposed it, not because of the because of the core grievances (which I believe are valid and pretty much in tandem with the grievances professed by the OWS movement.) I moved away because the entire group seems more than content pandering to a sizable subgroup of grouchy suburbanites who wouldn't wear a white pointed hood because it is no longer fashionable, mingling with other subgroups that are more than happy to carry a rifle at a political rally called by Beck to "restore honor" and establish a "new civil rights movement."

      Yes, we have a certain number of minorities in the Tea Party, but it is horrific to see how they are more than complacent (or even agreeable) with the horrid anti-Muslim, fundamentalist Christian parochial bigotry that pervades the rank and file of this movement. You got to be horrendously subjective to believe there are no sizable numbers of suburbanite closet-bigots in the Tea Party, with all the public evidence laying in front of us.

    43. Re:It's the left version of the Tea Party by nedlohs · · Score: 1

      The Tea Party was always anti-government. It's in the damn name - that tea in the harbor thing was a protest against the government and a corporation not just a corporation.

      They have very different agendas - they just happen to overlap on a few areas effectively at random.

      The Tea Party folk wants small government, meaning low taxes and low spending. Low regulation, small military, no social security, etc.

      The Occupy Wall Street folk want big government, high taxes and high spending. High regulation, lots of social security.

      It just happens that there are some things the Occupy Wall Street follk would like the government to do less of: military spending, corporate subsidies, and bank bailouts. Since the Tea Party want the government to less of everything of course they are going to agree on those points - but that's just random anything they want the government to spend less on they'll agree with the Tea Party with...

      I think this is how revolutions start in democracies. You have two groups of people who will *never* agree. The Tea Party wants small government and are perfectly willing to destroy the current system to get it. They're find with the government defaulting on its debt and and the economy completely inploding because the pain is worth gain at the end. The Occupy Wall Street want a bigger government in terms of welfare and taxes, but smaller in terms of military and corporate subsidies/bailouts. They are also willing to collpase the economy in order to get the welfare system they want. And neither group sees compromise as an option.

      So two groups willing to destroy the current system but who will never agree with each other on what the desired end point is.

      They're too small to matter right now, but that can change.

    44. Re:It's the left version of the Tea Party by dan828 · · Score: 1

      Actually, it wasn't. You just never paid attention until it had already been subverted.

    45. Re:It's the left version of the Tea Party by mapkinase · · Score: 1

      That analogy came to my mind too, but it's very weak analogy. Tea party has much wider support, much more influential people behind it, it's better organized. Heck, Republicans OWE, and owe BIG to tea party after the crucial mid term elections. Occupy Wall Street will lose steam and will end up in nothing.

      The days of 60s when popular movements unsupported by big money achieved something are long gone. 22,000,000 people went out on streets around the world the day US attacked Iraq and it resulted in absolutely nothing.

      Arabic spring was and is a continuous success, but it would not have succeeded without active and massive Western media support and betrayal of pocket Arab dictators by their owners in Washington. In Libya it is ongoing direct military intervention.

      So no, no spring for you, US. Winter is coming.

      --
      I do not believe in karma. "Funny"=-6. Do good and forbid evil. Yours, Oft-Offtopic Flamebaiting Troll.
    46. Re:It's the left version of the Tea Party by slyrat · · Score: 1

      3. There are no wealthy donors and no major corporations giving money to Occupy Wall St, in the way that the Tea Party was financially supported by News Corp.

      This isn't completely true. I know at least Ben & Jerry's icecream supports them:
      ben & jerry page of support Not sure of others, but I thought I would put that out there.

    47. Re:It's the left version of the Tea Party by Attila+Dimedici · · Score: 1

      ...at least they are angry at the right people.

      You mean the people receiving government to corporate handouts rather than the people giving government to corporate handouts?

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    48. Re:It's the left version of the Tea Party by MindSlap · · Score: 0

      "As opposed to those who get their "facts" from talk radio and Fox News?"

      ==
      Yes..
      Because these sources report the facts. Unlike the MSM who dont even report on some stories at all!!

      September 17, 2011 | 17:09
      As NewsBusters reported Friday, despite the growing scandal involving solar panel company Solyndra and President Obama being sixteen days old, the prime time programs of MSNBC have not said a single word about the matter. /snip

      But hey...this is slashdot...
      So dont worry your silly little mushfilled head about my post refuting your point. This will be mod'd far below sea-level so that nobody will 'exposed' to my retort.

    49. Re:It's the left version of the Tea Party by StillNeedMoreCoffee · · Score: 1

      some good points. For tax equality, I believe in a progressive tax as that puts more of a burden on those that receive more value from what government does. I think that everyone in this country should be able to eat well and have a roof over their head if they work a full time job and be able to raise a family that same way there is a full time wage earner in the home (I don't think that 2 wage earners should be necesarry for a decent life). This idea that jobs for companies with fat cat executives have to work multiple jobs just to make it by shows that there is no equity in the job market. Why then should there be equity in the tax scheme? Wouldn't those executives praise the government for following the practices that they themselves follow?

      I think the golden parachute that the government should re-claim is a substantial inheritance tax. Let them work for it.

    50. Re:It's the left version of the Tea Party by roman_mir · · Score: 1

      While the Wall Street has SOME people who have their fingers in the current problems, the actual 'right' people are not there at all.

      With a friendly list of demands like this one who needs enemies?

      The populist thing is to attack the top earners, completely disregarding the fact that it is the system that creates the economic imbalances, which of-course can be all traced back to abolishment of Constitutional principles, such as not making sure that the government only operates within its authorized limits and the direct results of that - inflatable fiat currency, taxing income at any level, regulating and subsidizing business, getting in the way of every attempt of the economy to fix the imbalances by recessions, etc.

      The real cause of the problem is of-course in the mirror - people voting for somebody who is promising them free cheese. That's how one gets caught in a mousetrap.

    51. Re:It's the left version of the Tea Party by HeckRuler · · Score: 1

      Well you can start over on the wiki page. Racial issues is it's own section. It starts out with republicans complaining about everyone thinking they're racist, and then proceeds to show a bunch of evidence showing how they're racist.

      Not, you know, the SAME people. But people in the party. Now, you could say something about a few bad apples, but there's an averaging effect which makes the group on the whole only "moderately racist".

      So... There you go.

    52. Re:It's the left version of the Tea Party by hoppo · · Score: 1

      This:

      Police have generally been favorable to or at least tolerant of Tea Party protests. They have been hostile and violent towards Occupy Wall St.

      is because this:

      It's emphasizing peaceful protest as a way of getting what you want.

      is not true about occupy Wall Street. Police are favorable to people who do not destroy private property and who organize lawfully. If OWS followed the same pattern of behavior as the Tea Party, there would not be a single arrest.

      As of yet, there have been no indications that Occupy Wall St will turn into "elect Democrats" in a way that the Tea Party turned into "elect Republicans". There are also indications that attempts to turn it into an effort to elect Democrats would likely end in failure.

      This movement was co-opted by Democrat-funded groups in its very early stages. Protesters have shown little interest in resisting these influences, which is in stark contrast to the Tea Party. Don't forget, much of the Tea Party movement targeted primary, not general, elections. While the GOP has undoubtedly benefited from the Tea Party movement, and tried to steal some of their spotlight, the movement has also taken down some very long-tenured establishment Republicans. Meanwhile, Obama 2012 has had a growing presence in these OWS rallies. It's hard to buy the legitimacy of a movement that is supposedly expressing anger at Wall Street, while an incumbent who counts some of the biggest Wall Street CEOs among his inner circle has a campaign presence among them without resistance.

    53. Re:It's the left version of the Tea Party by jo_ham · · Score: 1

      You're seriously running on the platform that Fox News and right wing talk radio reports facts?

      My goodness. I'm not sure I can even take an opposing position to that, it's just so laughable.

      Then you jump to to a single jumped up news story not being reported by a single news channel as proof that Fox and right wing radio report the truth?

      I have a non sequitur machine to sell you, but it seems you have no need for it.

      Your post doesn't refute my point at all, but don't you worry about that, I'm sure I'll survive.

      I'm sorry, I just have to laugh again. I'm still trying to work out if you're being serious. Part of me wants to think you're trolling because no one could be that blind, surely? I don't know though, maybe I'm overestimating your intelligence.

    54. Re:It's the left version of the Tea Party by StillNeedMoreCoffee · · Score: 1

      "The Occupy Wall Street folk want big government, high taxes and high spending. High regulation, lots of social security."

      I don't think so, I think they want less greed sucking the value from their lifetime earnings. More government regulation for sure but that is not larger government, its just more involvement in controling greed. You probably would not say that passing a law to say require back seat passengers in cars as meaning larger police forces. No, that is just specification of more things that people are required to do, not larger police departments.

      "They're find with the government defaulting on its debt and and the economy completely inploding because the pain is worth gain at the end. " as to the tea party and thinking they think the pain is worth it. Those that think it is worth it are the rich people. The poor ones haven't a clue that they are being manipulated into that talking point. It would be like the people in Japan saying they think they should have a tsunami to get rid of some old buidlings. The one that would say that are the ones inland and in high ground. The very idea that imploding government would be good for the country is patently false, would lead to hundreds of thousands if not hundreds of millions of lives devastated. For what? someones who has an different idea of the way things are or should be. These obviously are patriots and have true empathy for history, the people of the country, a firm grasp on the realty of possible outcomes and fallout of that suggestion, true Christians and above all, real nice loving, caring thoughtful people, and have respect for the decisions that the people of this country have made through their legislation for the past 100 year, as well as a true respect for our founding fathers and the system of government that was designed for thoughtful, considered, stable moves in the governance of this country. I think not.

    55. Re:It's the left version of the Tea Party by aztektum · · Score: 1

      According to Cornell, yes. It's getting expensive to keep up with hiring better, more educated faculty, to maintain more expensive equipment to further their research and academic programs.

      Neutron microscopes aren't something you can buy in Wal*Mart. Computer labs require a lob of energy and time to maintain. Updating buildings built decades ago is not cheap.

      Whether their arguments are bullshit or not, I cannot speak to. Even still, is it really so shocking that modern society costs a lot? Progress costs money.

      http://www.news.cornell.edu/stories/Nov06/tuition.so.much.sl.html

      --
      :: aztek ::
      No sig for you!!
    56. Re:It's the left version of the Tea Party by StillNeedMoreCoffee · · Score: 1

      "They are also willing to collpase the economy in order to get the welfare system they want. And neither group sees compromise as an option"

      I think not. I think you are referring mostly to the Social Security system which is an insurance/pension system independent of the Budget and solvent for the next 40 years or so (unless the government defaults, because various congresses have raided the funds and left government i.o.u's, not the SS fault or design).

      That system is not a welfare system, you don't pay in, you don't get out. The right hates it because it is so efficient and they are not making a dime off it. They want to privatize it and make money off it (or steal it, oh right that never happens). It SS case no one is willing to shut down the government to keep SS, it is solvent and with a few tweaks will get over the baby boom bump that is coming up. After that with reduced birth rates we are seeing that system should be fine.

      Smaller military? well that seems reasonable. Its a wonder that the right wing is so for large military spending. Oh that's right, they are the military industrial complex that that Republican President warned us all about (Ike). Thats why they want to spend money that pours down the drain. You may a bullet, that is material and wealth lost, because it is now out of the system. Corporate bailouts. that has nothing to do with big government. It has to do with revenue source, which is the problem the government has. Enron , large subisdies, no taxes, record profits, whats wrong with that picture. They should pay the government back before the investors I think. That's what companies do to your salary with a lean isn't it. Should not the government share it the profits they helped create?

      You have it wrong , only the Tea Party folk are willing to slash and burn. On the other side it is only the non-government individuals and companies that think that things are going to burn down because they are talking about pulling the plug on their special tax breaks. But the government would only get stronger, not destroyed.

    57. Re:It's the left version of the Tea Party by JazzHarper · · Score: 1

      I disagree with difference #2. There is a strong likelihood that the OWS movement will be co-opted by the Democratic Party exactly the same way that the Tea Party Movement was co-opted by the Republican Party. Since they have not published a list of objectives, the Democrats will publish it for them. (I know there are lots of lists of demands floating around; none of them have been endorsed by the OWS General Assembly).

      With regard to #3, money will flow in, once the movement has been brought under the control of the party.

    58. Re:It's the left version of the Tea Party by nedlohs · · Score: 1

      social security == big government. In that context it's about spending.

      I didn't claim the government imploding would be a good thing. I said those two groups would take it in order to get their goals.

      See the tea partiers and the recent debt ceiling crap. They would certainly take government default in order to reduce government spending.

      I'm pretty sure the occupy wall street folks would also take destroying the economy just to punish the rich. That is after all what the mainsteam says would happen if you didn't bail out wallstreet.

    59. Re:It's the left version of the Tea Party by Archangel+Michael · · Score: 1

      Regarding the last three statements:

      1) Tea party people aren't blocking traffic, and generally obey the requests of the police, OccupyWall Street people are there protesting "the man" of which they view the police. If they acted more like Tea Party events, they wouldn't have this problem.

      2) Occupy Wall street hasn't protested Obama, and is directly targeting Republicans. While it may not target Democrats to get elected, it certainly is left wing enough not to cross the line of running their own candidates against (D) party incumbents.. Tea Party got its fame by running their own candidates against established Republicans.

      3)George Soros, which is kind of ironic since he is part of the people Occupy Wall Street is protesting. Let me know when OWS starts protesting Soros, okay? http://www.thenewamerican.com/usnews/politics/9269-big-soros-money-linked-to-occupy-wall-street

      --
      Agent K: A *person* is smart. People are dumb, stupid, panicky animals, and you know it.
    60. Re:It's the left version of the Tea Party by Dasher42 · · Score: 1

      The key difference between the origins of the Tea Party and this nascent movement is that the former assumes an equality of social empowerment outside of government, and the latter recognizes drastic differences that is preventing government from serving people instead of power. Think about it. Libertarians say things that are great as long as there aren't great divides of power caused by poverty and privilege, hence they don't focus on ways to counteract those.

      I think the appeal of one side or the other has to do with one's experience of living in poverty, riches, or somewhere in the middle. Regardless, at least there's enough common ground between everyone that Wall Street is screwing over that the people are starting to unite.

    61. Re:It's the left version of the Tea Party by nedlohs · · Score: 1

      So I'm solvent because though I have some expenses coming up for several thousands of dollars I have some mortgage backed securities that I can cash in to cover them? SS is not indepedant of the budget because it is forced to loan all its money to the government. Sure in theory. But theories are irrelevant. And no I didn't claim SS was insolvent and going to go broke next year anyway.

      Here's a hint, SS has no money. It has some IOUs from the government. In order to pay those IOUs the government will have to tax the current workers or borrow more money from overseas (and have the future workers pay more taxes to pay that). Thus SS is welfare - you take money from current tac payers and you pay it out to other people. Sure, in theory it isn't. And if the government wasn't running trillion dollar deficits for fun it would be as you said. But practice and theory have diverged.

      Also it's just an implementation detail. It makes no difference that it's a "don't pay in, don't get out" system. It's still a system in which what you get out has no relation to what you put in. It's a nice way of keeping it off to the side on the books. But it's just an implementation detail - it's a welfare system just like all the others.

      Note: there's nothing wrong with welfare system. I happen to think the US method is just about the worst way you could possibly implement one, but I'm not against them in general.

    62. Re:It's the left version of the Tea Party by pablodiazgutierrez · · Score: 1

      The #occupywallstreet movement is inspired by Spain's "indignados" which, to this day, remains independent from mainstream parties. In fact, its core is around the "Democracia Real Ya" group, which calls to vote for anyone but the two principal parties.

    63. Re:It's the left version of the Tea Party by StillNeedMoreCoffee · · Score: 1

      You have been listening to too much Fox noise. The Occupy Wall street movement is just looking for an even playing field, not punishment. Rolling back the decade long Bush Tax cuts for instance is not punishing the rich, its getting back to a more fair taxation policy. The rich want all they can get. The Occupy wall street rallies are orderly event with marching chanting and reasonable signage, no Hitler mustaches or bones through the nose that we have seen from the tea party. The Occupy Wall Street movement is for orderly change not building up from the ashes of society. Of course it may feel that way to a rich person who might be asked to pay another 5% or 10% in taxes, or more if they are tuning their tax situation to they pay little or no taxes.

      I was downtown Chicago last night and saw the demonstrators there. No problems, just the 99% trying to get their voices heard over the din of right wing talking points, right wing talk radio, and fox noise.

    64. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      The Tea Party is tightly bonded to the GOP party apparatus. Only a few of their politicians are not old school GOP partisans, they are relentlessly promoted by Fox, they are funded by groups which fund GOP causes, the list goes on. Do you even remember why Sarah Palin became famous? You are delusional if you think the Tea Party is not connected to the GOP.

    65. Re:It's the left version of the Tea Party by sonicmerlin · · Score: 1

      There was nothing "grass roots" about the Tea Party. They were angry at the people in government who were trying to help them, not at the people in government making them worse off. They're also selfish sociopaths who don't know the first thing about economics. A lot of them receive government healthcare with Medicare and Medicaid, but protest "government involvement" in their lives. Their old retards who were utterly manipulated by the neo conservative leadership. You honestly think those idiots could coordinate so many "protests" or so many highly-paid speakers? Such mindless tools.

    66. Re:It's the left version of the Tea Party by Webz · · Score: 1

      No one would ever be for "real change" since that requires something called effort.

      Sorry, too busy protesting.

    67. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      You couldn't be more wrong:

      1) The Tea Party was a populist movement, all with the same agenda. The 'occupy' movement has backers (such as unions) who are HIRING people to attend these protests. Plus, most of the people at the occupy protests don't have a unified goal. Look at some of the signs "proud union mama", "weed not greed", different labor unions and such that have no focus. Basically a bunch of people just out complaining about different things.
      2) Look at how the crowds react. Tea part with dignity, the Occupy Wall street with crapping on police cars, getting high and taking over parks.
      3) How do you know?

      1) When people have a Tea Party rally, they don't usually camp out in parks for weeks making a mess of it. They don't try to shut down businesses... the VERY businesses I'm sure any of them would kill to get a job from. And the Tea Party didn't beg for food and crap in the park either.
      2) This is right, it's more a movement to try to downplay the Tea Party, create a distraction from the fact all of the bad policies are coming from the white house, and just create chaos.
      3) Just Michael Moore, Kanye West, Nancy Pelosi, Ben & Jerry... And not to mention Obama for instigating the whole class warfare situation to begin with! You don't need funding when you have the media and the white house behind you.

    68. Re:It's the left version of the Tea Party by inode_buddha · · Score: 1

      Disagree. I pay total 3k/year taxes on less than 25k income. I don't have any deductions or loopholes. And no, I'm not some kid in school, either.

      --
      C|N>K
    69. Re:It's the left version of the Tea Party by nastro · · Score: 1

      Your second point is important, I think. I hate our two-party system, and see lobbyists as a great equalizer between the two, watering down both into useless shills. That's what pisses me off.

    70. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      And.

      1. No Tea party protests have turned violent on the part of the protesters.
      2. No Tea party protests have resulted in the defacement of public property.

    71. Re:It's the left version of the Tea Party by lexman098 · · Score: 1

      I don't agree that the tea party's "too big" sentiment matches the occupiers'. I don't agree with the statement that "government in general" is "too big, is too wasteful & corrupt and is essentially bankrupting the country". What is "too big" exactly? How much identifiable waste is "too much" and how can you know when the deficit has officially "bankrupted the country"? I might agree if you could point to particulars in the government for being too big and wasteful (military) etc because specifics tend to be more rational. On the other hand, I wouldn't say that all corporations are too big and powerful etc, but I think it's glaringly obvious that certain key financial institutions are too big (necessitating bailouts), too powerful & corrupt (corporate personhood), and are bankrupting the country (recent recession). I'd like to know what key government agencies the tea party has in mind and how exactly their influence is effecting the public. I have a feeling they would say something along the lines of "every agency because the private sector always does it best".

    72. Re:It's the left version of the Tea Party by Brian_Ellenberger · · Score: 1

      Just because you have a giant endowment doesn't necessarily mean you can write checks off of it. They're likely tied to stipulations regarding their use.

      Yes, like paying for buildings or funding Departmental Chair, etc. All things that tuition would be paying for if the money wasn't endowed. If endowments are not used towards university education, what good are they?

      It's becoming more expensive because costs have gone up, more people are attending (in general due to population increases, more people are "college age" than before but also enrollment goes up when the economy goes down).

      1. College tuition inflation has been going up 2x to 4x the rate of inflation since the early 80s good or bad economy. http://www.finaid.org/savings/tuition-inflation.phtml. So don't blame "the economy".
      2. Are you actually arguing that the AVERAGE tuition per student should go 2x to 4x over the rate of inflation because more people are entering college? Education, like all other information fields, benefits from economies of scale. What is actually happening is that universities are gouging students because of the rise of demand.

      Second, the economic depression has been on for a while now and wiped out emergency funds and other savings they'd accrued. There was a lot of money lost in investments that are now worthless, largely thanks to the gambling by our financial industry, but not exclusively.

      They were jacking up the cost of tuition well before their investments were wiped out, and would still jack them up even if they weren't. And there are 63! universities whose endowments are > 1 Billion dollars. http://mbd.scout.com/mb.aspx?s=192&f=2495&t=7127853.

      Finally, just because information is easier to come by doesn't mean it's all valuable. The more information there is, the more work involved in organizing the useful bits from the shit.

      Our economy is a web of interconnections. It's not at all as simple as you make it sound.

      Are you kidding me? Really? Yea, the universities are spending tens of billions sifting through information to present just the interesting points to students? Have you actually been to a class the past 15 years? You are lucky to actually be taught by a professor rather than a TA who barely speaks English and is making less than minimum wage. And while I'm sure "womyn's studies" may have changed a great deal there hasn't been much change in Calculus, Physics, Chemistry, etc. I would bet a lot of money that the vast majority of professors barely change their curriculum from year to year.

      You are being duped by an industry even greedier than any corporation. They prey on people's dreams, take all the money they possibly can, and don't care if you spent 150K on a degree that is worthless. Universities should be forced to back student loans--if a student defaults it is the university who is responsible. Instead of holding them accountable, people like you are part of the problem by being their apologists.

    73. Re:It's the left version of the Tea Party by scot4875 · · Score: 1

      Why would they be pissed off at the universities for the rising costs of tuition when it's frequently state governments cutting funding for education that forces the tuition increases? Sure, they could spend all their endowments over the next few years to keep tuition low, then when they run out nobody could get scholarships at all, but I'm not sure that's the best course of action.

      Maybe their critical thinking skills aren't as bad as you think. Maybe they can be pissed about more than one thing at a time, and the Wall Street issue is the one that means the most to them. Maybe unless you go and interview every single one of them, trying to characterize the entire group as a bunch of clueless idiots is just blowing a lot of smoke?

      --Jeremy

      --
      Jesus was a liberal
    74. Re:It's the left version of the Tea Party by swalve · · Score: 1

      There was no depression. There is no depression.

      Economic ignorance...

    75. Re:It's the left version of the Tea Party by devjj · · Score: 1

      1. Police have generally been favorable to or at least tolerant of Tea Party protests. They have been hostile and violent towards Occupy Wall St.

      I live in Portland, where one of the largest ongoing Occupy events is occurring. The police have been extraordinarily supportive. There have been very few "violent" incidents, no mass arrests, and the police have been facilitating various marches and camps that have been started.

    76. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      Go fuck yourself, your strawmen, and your stereotypes. Bring a real argument to the table and you will receive one in return.

    77. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      is harder to find in America today than a domestic coding job...

      Is it? Because I quit programming last year and I tell you. . . I still have to answer 2-3 calls a week and at least an email a day from someone trying to get me to do development work for them. I know I was a shitty programmer (one of the many reasons I quit), so it can't be *that* hard to find a job writing code if you're writing the right code.

    78. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      Costs in US located universities are not going up because more Americans are "college age" but because more and more foreigners can now afford to send their kids here. Period. Not only do US students have to compete with themselves, they have to compete with the entire world - Foreign students represent big bucks, the colleges enroll as many as possible, then raise the tuition for the slots open to Americans because they've now created an artificial supply and demand problem for US students.

    79. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      That is because this country has become a breeding ground for narcissists. And do you know what the biggest problem is with narcissists? They are never wrong. That means that they can never work together as a team with anyone. Because even if you could get them to agree they are using the exact same words, the next step will be in getting them past who had the idea and who gets the rights to the 'payoff'. It's one of the biggest blights of all time. Instead of being a contagion, bio contaminant, disease, toxin, disruptive life form, virus, bacteria etc, its a speculative psychological disorder. Narcissists are rarely curable, and furthermore they have a throng of subordinates who are willing to follow them in performing unethical acts under the excuse of 'following orders.' This is becoming an epidemic in this country and as I can attest, narcissists are abhor able. Its no wonder all these countries want to destroy us.

    80. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      How is this for differences?

      Occupy's demands
      - Free healthcare
      - Living wage even if you don't work
      - More free stuff from the government
      - Even more stuff from the government

      Tea Party's demands
      - Let me keep what I earn by my own work

      "Occupy" people are a bunch of crying immature kids that want a BMW but want someone else to buy it for them.

    81. Re:It's the left version of the Tea Party by Brian_Ellenberger · · Score: 1

      According to Cornell, yes. It's getting expensive to keep up with hiring better, more educated faculty, to maintain more expensive equipment to further their research and academic programs.

      Neutron microscopes aren't something you can buy in Wal*Mart. Computer labs require a lob of energy and time to maintain. Updating buildings built decades ago is not cheap.

      Whether their arguments are bullshit or not, I cannot speak to. Even still, is it really so shocking that modern society costs a lot? Progress costs money.

      http://www.news.cornell.edu/stories/Nov06/tuition.so.much.sl.html

      Wait, computer labs? Your kidding right? Because for 150K of debt, you think that a school could afford 1/100th of it to get each student a very nice 1000 laptop. Neuton microscope? Ha, I'm sure universities are buying dozens. Can't actually find one (they are still experimental), but you can get a scanning electron microscope for 350K http://www.technicalsalessolutions.com/item_description.php?IID=155. That would take a whole 10 students at Harvard to fund. http://www.gse.harvard.edu/admissions/financial_aid/tuition/

      Meanwhile, how many undergrad students actually benefit from a Neuton microscope? Has to be close to zero, unless they are doing very advanced grad research. So the university is making students take out the equivalent of a house mortgage for something that has absolutely no benefit for them. This higher-ed bubble is about to bust, and I'm glad because my kids won't be subjected to these inflated prices.

    82. Re:It's the left version of the Tea Party by dkleinsc · · Score: 2

      The police are supportive of Occupy Cleveland as well, and a lot of the local spin-offs are very keen on making the police allies of the protests (they're union guys, after all). I was referring to Occupy Wall St in New York specifically, where there have been plenty of incidents beyond the infamous pepper-spraying.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    83. Re:It's the left version of the Tea Party by FrkyD · · Score: 1
      No coherent talking points?
      The "organizers" or at least the web page http://usdayofrage.org/ [usdayofrage.org] that was set up months ago to make the call for protests, did start out with 3 talking points.
      1 citizen
      1 dollar
      1 vote

      The central issue has been election finance reform, and reducing the influence of big business and banking on the U.S. Political system. The message isn't getting lost in the noise, it is being actively ignored and discredited by a media that is part of the problem.

    84. Re:It's the left version of the Tea Party by aztektum · · Score: 1

      I meant SEM/TEM scopes, not neutrons. I was giving my brain a break from work and wrote quickly, my bad.

      Those were a few examples of the expenses the universities are taking on, it's still incomplete, the full scope is much larger. They're trying to push a cradle-to-grave link to their students. Whether I agree or not with this position is irrelevant, but it's what's happening. It's not about >5% benefiting from a fancy microscope, but using it to attract interest.

      In short, they're playing the same gambling game the banks are. Right or wrong, it's what's happening and why I said earlier your picture of how universities work these days is incomplete.

      --
      :: aztek ::
      No sig for you!!
    85. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      It's becoming more expensive because costs have gone up, more people are attending (in general due to population increases, more people are "college age" than before but also enrollment goes up when the economy goes down)

      This is the first industry I've heard of that demonstrates reverse economies of scale...

    86. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      So how about we call the Occupy Wall Street folks the Latte Party?

    87. Re:It's the left version of the Tea Party by corbettw · · Score: 1

      It's becoming more expensive because...

      ...Congress ups the amount they'll underwrite for college loans automatically every year, and colleges and universities automatically increase their tuition and textbook costs to keep pace with that increase. That's it, that's the whole reason education is as expensive as it is. The market for education is distorted by government interference, and yet when people get hurt by it their solution is more government interference. It's absurd.

      --
      God invented whiskey so the Irish would not rule the world.
    88. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      1. Police have generally been favorable to or at least tolerant of Tea Party protests. They have been hostile and violent towards Occupy Wall St.

      maybe they should stop shitting on police cars.

    89. Re:It's the left version of the Tea Party by DarkOx · · Score: 1

      Second, the economic depression has been on for a while now and wiped out emergency funds and other savings they'd accrued. There was a lot of money lost in investments that are now worthless, largely thanks to the gambling by our financial industry, but not exclusively.

      Bull, nobody lost any money EXCEPT people who were gambling. The banks that failed were FDIC reimbursed, and if you had more than 250K in the banks you could afford the effort to spread it around multiple banks. Virtually nobody lost money in AAA bonds, the ones that might have been lost to bankruptcy got TARP bailouts. So no, unless they gambled with the money and put it in equities, or less than investment grade bonds they lost nothing.

      The issue is that there were gambling, because you make money by taking risk nothing wrong with that but be honest about what it is.

      --
      Repeal the 17th Amendment TODAY! Also Please Read http://www.gnu.org/philosophy/right-to-read.html
    90. Re:It's the left version of the Tea Party by Dripdry · · Score: 1

      except wasn't the tea party STARTED by a republican think-tank?

      --
      -
    91. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      Clearly you have little understanding of how a university works.

      Just because you have a giant endowment doesn't necessarily mean you can write checks off of it. They're likely tied to stipulations regarding their use.

      It's becoming more expensive because costs have gone up, more people are attending (in general due to population increases, more people are "college age" than before but also enrollment goes up when the economy goes down).

      Also, state and federal funding of universities has dropped under 20% of their total operating budget, less in many cases. If that percent were higher, universities would be able to subsidize tuitions.

      Ironically, the largest consumer of college grads are businesses. They keep saying they want better trained educated graduates for employees, but the low effective corporate tax rate means that there isn't enough tax money to invest in universities. Students have to make up the difference.

      It's also probably worth pointing out that the funding situation in universities is seriously damaging their ability to provide quality education. More students and less money means the universities will be inevitibly understaffed, overworked, and under-compensated.

      You can't just blame universities. You have to look at the big picture. It's bleak.

    92. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      1) The 'Occupy Wall Street' is not a populist movement - you do not see wage slave heads of households out there protesting, you see people who the government gave student loans to or gave thousands in benefits to but did not get 'enough' out there protesting and partying.
      2) It is hardly peaceful protest -- the only thing that has gotten coverage are non-peaceful aspects of the event; in contrast, the Tea Partiers actually -were- peaceful, as they did not, for example, shut down major bridges, defecate on police cars, etc etc.
      3) The 'Occupy Wall Street' cadre has large union backing, as well as major Democrat party backing. The people there are all either major Democrats or are there to score some action (sex, drugs, random violence)

    93. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      You're solid in the belief that the debt at the University level has nothing to do with Wall Street? Nothing? I highly doubt that a large push for student loans was led entirely by the universities. They're just a symptom in the constant push to build more and more debt on younger and younger people. Look at the predatory loans and credit card racket that's currently being run on college students.

      Not to mention, corporations treat you extremely poorly if you don't even have a college degree. There's very little way to get a real degree to get a real job unless you sink yourself up to your ears in debt. That still places some solid blame on Wall Street for their hiring practices. Sure, you can get an associate's degree at a community college, but you're still never going to really have any bargaining power until you're looking at 30-40k of debt at a *PUBLIC* university.

    94. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      Sure, because as they watch it on TV from their sprawling ranch in Nevada, they'll get a nice warm fuzzy.

    95. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      The three aspects of Occupy Wall St that are like the Tea Party are:
      1. It's without question a populist movement.
      2. It's emphasizing peaceful protest as a way of getting what you want.
      3. It's not coming from either major party's political apparatus.

      That's about where the similarities end. Some of the more significant differences:
      1. Police have generally been favorable to or at least tolerant of Tea Party protests. They have been hostile and violent towards Occupy Wall St.
      2. As of yet, there have been no indications that Occupy Wall St will turn into "elect Democrats" in a way that the Tea Party turned into "elect Republicans". There are also indications that attempts to turn it into an effort to elect Democrats would likely end in failure.
      3. There are no wealthy donors and no major corporations giving money to Occupy Wall St, in the way that the Tea Party was financially supported by News Corp.

      Responses:

      1. Tea party protesters generally do not block public roads or generally make life a pain in the butt for the general public the way the Occupy Wall St protesters do. That is why they are getting arrested - not because of the nature of the protests. Under New York law, it is called "Disorderly Conduct". Of course, that assumes that you support the American system of government - a republican democracy (a democracy balanced by the rule of law). Left wingers seem prevalent to ignoring the law when they see fit.
      Source: http://wings.buffalo.edu/law/bclc/web/NewYork/ny3(b).htm

      2. I'm sure it's pure coincidence that the protesters are largely ideologically left-wing and I'm sure there is no strategic reasoning for the major unions to be there either - such as a potentially fresh infusion of union membership (and accompanying union dues). Give me a break!
      Source: http://www.thedailybeast.com/articles/2011/10/03/occupy-wall-street-transport-workers-union-seiu-to-join-protests.html

      3. No wealthy donors? SEIU, Hollywood liberals? Do really expect us to believe that the left is not providing financial support? I'm betting it won't be long before George Soros opens his mouth (and wallet). No direct evidence, agreed but can you show the same evidence in regards to the tea party? And who's paying to ship in the protesters? Resorting to pay protesters to be there is not exactly what I would call a "grassroots" uprising.
      Source: http://dailycaller.com/2011/10/06/organizer-admits-to-paying-occupy-dc-protesters-video/

      One more thought. Your assertions will be more convincing if you provide sources for your arguments rather than just baseless (and rather transparent) rants.

    96. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      1. It's without question a populist movement.

      Are you kidding? The current Tea Party is astroturfed and the Tea Partiers elected to Congress fall into line with the GOP once campaign donations are threatened.

    97. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      Tuition prices has gone up ONLY because government has subsidized it. Guaranteeing student loans making it easy to get a loan not based on being able to pay it back. Sound a little familiar??? Obviously the investment seems better in that its in the students however, the bubble will continue to grow as more money is created in the system the higher the costs of college will be. Colleges can charge more because there is more available students willing and able (because of subsidized loans) so the Universities can create larger buildings and more elaborate campuses etc that may not necessarily impact the education of the students.

    98. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      Your first Point 1 is contradicted by your second point 3.

      Your first point 3 is contradicted by both second points 2 and 3.

      And first point 2 is a joke given the threats of force that come from the Tea Party if they don't get their way (Vote for xyz, or we'll get our guns!!!)

    99. Re:It's the left version of the Tea Party by fearofcarpet · · Score: 1

      Really? Then why aren't the protesting their University for putting them tens or even hundreds of thousands of dollars in debt for a degree that isn't worth a tenth of that? You know, the universities sitting on multi-billion dollar endowments yet are raising tuition many times the rate of inflation? In an age where information is vastly cheaper and easier to acquire, they are making it much harder and more expensive.

      The fact they are blaming Wall St, which has absolutely nothing to do with their degrees' cost, shows their university did not provide them with the necessary critical thinking skills to make it in the world.

      A better question is, why didn't the national media cover the numerous protests against universities? It isn't limited to the US either. In some countries, students simply sue the universities. But, none of these stories fit the narrative, so they don't get the same coverage as, say, politicians whose policies are responsible for the multimillion dollar salaries of the talking heads that are supposed to keep us informed about these things.

      It took weeks for Occupy Wall St to become national news because, again, it doesn't fit the narrative; didn't you know, Wall St paid back TARP!*

      *Using some of the $17 trillion in low/no-interest loans from the Fed, which supposedly exists to keep unemployment low.

      --
      Actually, I wrote my thesis on life experience.
    100. Re:It's the left version of the Tea Party by LordLimecat · · Score: 1

      Then why aren't the protesting their University for putting them tens or even hundreds of thousands of dollars in debt for a degree that isn't worth a tenth of that?

      Because if you get into that kind of debt, it is because of your own decisions, and if you do so in a bad market with no plan to pay it off, its your own damn fault. Whats that, you think you should be able to go to a private university like Georgetown on the cheap? Yea, why dont you tell admissions that.

      Here, Ill make it easy for anyone in this situation. See, I am once more in college, having paid my way once, and now paying my way again, and by the end I will probably not have paid more than $40,000 for the entire degree (from GMU, not exactly a terrible university).
      So heres what you do if youre a budding student and feel the need to go to a really good university.

      1. Knock out general ed requirements at a community college. Seriously, if debt is a concern to you, theres not much reason not to do this.
      2. Apply to colleges that are cheap for in-state tuition. For reference, Virginia has a good number of these (UVA, GMU, JMU, VA Tech, etc).
      3. Go and live in that state to establish residency, while attending. By the end of the first year, you should have established residency, and your rates should plummet. Bonus, you saved a ton of money by NOT living on campus.
      4. Enjoy graduating with a very minor debt, all things considered.

      Or if thats too complicated for you, you could simply-- and heres 2 shockers, one after the other-- not go to a super expensive school (gasp) and work your way through college (double gasp!). You should be able to pull in $12k / year working a few nights a week (easily), which means by senior year, you should have pulled in about 40k, which should make your debt very minor. For the record, housing near GMU can be had for around $4k/year, and credits are about $500/credit hour, so per year you would rack up a paltry $8k / year-- this assuming you didnt knock out those gen-eds at NOVA first where its about 1/4th as much, and they guarentee admission to GMU afterwards.

      Then again, if you would rather party in your off time, and then wallow in debt that you should never have taken to begin with, thats your business. But I really wish people would stop claiming that that was a failing of the SYSTEM, rather than of personal responsibility and planning (or that of their parents, if they encouraged such debt with no plans to help their child, or simply failed to offer any guidance at all).

    101. Re:It's the left version of the Tea Party by bzipitidoo · · Score: 1

      I have doubts about the worthiness of the grievances, in that we are all still quite wealthy. Yes, financial people are doing plenty of theft and cheating. But we've wasted and squandered wealth on the foolish game of Keeping Up With the Joneses. We could and we should cut back, and we know it. Smaller houses, more economic cars, less suburban sprawl.

      But of all the things we could cut, you suggest education? Like the rest of us, schools could do much more to cut costs. Use digital books, find cheaper housing than the dorms, and most of all, attend a public institution in your home state. But don't skip education altogether!

      --
      Intellectual Property is a monopolistic, selfish, and defective concept. It is "tyranny over the mind of man"
    102. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      2. As of yet, there have been no indications that Occupy Wall St will turn into "elect Democrats" in a way that the Tea Party turned into "elect Republicans".

      Give it time. What else are they going to do? More of the same? More of the same results will follow. Degenerate into riots? Maybe -- but it won't achieve anything. Start their own political party? That will mostly cannibalise the Democrat vote and be counter-productive.

    103. Re:It's the left version of the Tea Party by zoom-ping · · Score: 1

      The three aspects of Occupy Wall St that are like the Tea Party are:
      1. It's without question a populist movement.
      2. It's emphasizing peaceful protest as a way of getting what you want.
      3. It's not coming from either major party's political apparatus.

      Wait, what?

    104. Re:It's the left version of the Tea Party by L4t3r4lu5 · · Score: 2, Insightful

      You have quoted the Daily Mail. Any argument or point you made is automatically discarded out of hand for being biased, factually inaccurate, or simply fabricated entirely. They are a peddler of inflammatory right-wing bias and malign disinformation.

      I put more stock in the journalistic integrity of News Corp over the Associated Newspapers Ltd.

      --
      Finally had enough. Come see us over at https://soylentnews.org/
    105. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      >1. Police have generally been favorable to or at least tolerant of Tea Party protests. They have been hostile and violent towards Occupy Wall St.

      This could probably be remedied by attending Occupations openly armed. It would increase media coverage too if they saw a chance for it-bleed-it-leads stories occurring.

    106. Re:It's the left version of the Tea Party by tapspace · · Score: 1

      1. Police have generally been favorable to or at least tolerant of Tea Party protests. They have been hostile and violent towards Occupy Wall St.

      Even the Daily Show, a show which grows more left-leaning by the year, is taking shots at the OWS movement for the bad behavior of a noticeable number of the protesters. I only see what I can through the internet and television, but when you see one of the most left leaning news sources takings shots at the left side's movement for bad behavior and not the right's, it's pretty indicative. For as much as OWS is a legitimate protest, it looks like there are just too many spoiled, entitled kids with no manners for it to survive scrutiny.

    107. Re:It's the left version of the Tea Party by elrous0 · · Score: 1

      Calling something a "stereotype" isn't the same as saying it's "not true." That's a common misconception. But if you don't believe me, just head down to the protests and see for yourself. If you don't see at LEAST one drum circle or group of stereotypical hippies, then feel free to come back here and brag. But when you see SEVERAL of them, or even a MAJORITY of them--I want to sit down and reflect carefully on what a clueless fucking retard you are.

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    108. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      There is no legal basis in this country to "effect REAL change" on the the issues mentioned. Corruption can be handled. There are already laws if the governments would enforce them. Problem is the corruption extends into the government and all politicians really care about is the next donation. The rest, big, powerful, and selling out the country are all social issues that can't be legislated. These are things of the past. (The media is just another group of corporations.)

    109. Re:It's the left version of the Tea Party by Newander · · Score: 1
      --

      Jesus saves and takes half damage.

    110. Re:It's the left version of the Tea Party by semateos · · Score: 1

      Yes, thank you! The reality is that government is too big AND corporations are too big. Sadly, we need big government - primarily because it's the only gorilla potentially strong enough to stand up to the behemoths of industry - although many would argue that they've essentially merged. The point is If you want small government you need small corporations - it would have to be a process of deescalation - which is incredibly unlikely. Fortunately, the mosters tend to die under their own weight - as do all things that become sufficiently complex.

      This is exactly why we need a new third party - of, by and for the thinking people. The moment is somewhat ripe because the majority of the population have never been more disgusted with both sides. A third party would have the benefit of being a new, young, healthy entity to take on the old, sick dying entities. The regular creation of new political entities (like the creation of new companies) would do wonders for the health of our political process.

      The single biggest blockade against new political entities is the voting system. The single vote system requires that people play the game of "not throwing away their vote" on "outsider" candidates - which keeps power squarely in the hands of the powerful. The only way out of this mess is to enact ranked choice voting - which enables people to vote their conscience and cover their bases at the same time.

    111. Re:It's the left version of the Tea Party by Anonymous Coward · · Score: 0

      Unemployed college grads are awesome. My small business has interviewed literally 300 over the past 4 weeks. Over half have ridiculous feelings of entitlement. When they stop asking for things like "working from home", and stop saying things like "I won't accept any travel or relocation", then maybe, just maybe, they won't be unemployed.

    112. Re:It's the left version of the Tea Party by Altus · · Score: 1

      Am I the only one who remembers the way Fox news pretty much started the Tea party? Does nobody else remember their commentators actually organizing Tea parties and encouraging others to do so?

      Thats not exactly what I mean when I say grass roots. It would be nice if the Occupy Wall Street movement had an entire 24/7 news organization doing that for them.

      --

      "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

    113. Re:It's the left version of the Tea Party by Altus · · Score: 1

      If there was something you could legitimately call the Tea party before fox got in on the game then frankly, it was way to small to make a damn bit of difference.

      --

      "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

    114. Re:It's the left version of the Tea Party by Altus · · Score: 1

      Yea, because New York police don't have a history of causing problems where none exist.

      Perhaps the reason Tea party protests don't run into issues with the police is because they don't protest in areas where the police have such a significant history of brutality.

      --

      "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

    115. Re:It's the left version of the Tea Party by dan828 · · Score: 1

      I think you just probably just never noticed it until the repubs where pretty much already in the driver's seat.

    116. Re:It's the left version of the Tea Party by rhalstead · · Score: 1

      You have to remember that the mainstream media is ultra left so as long as they can treat the protesters as anti capitalistic and the conservatives/Tea Party as racist/extremist even though their goals are similar they back one and vilify the other. They have even gone so far as to make up stories about Tea Party demonstrations which have always been peaceful and non racist. That alone makes me lean toward their view and away groups with near a 1000 arrested and their supporters. These are the things that make me vote against the Democrats. Small government, minimal regulation, and the free market. There are those who worry about the big corporations. I worry about people like Soros who's stated goal is to take down the system and he's backing the demonstrators as are the unions and socialists. OTOH I don't think it's the corporations have become too big, but rather government/politicians are too heavily involved with the corporations. If the corporations, even though large remained completely private, sink or swim there would be less likely hood of the corporate cronyism/graft and corruption. Politicians as well as higher ranking officers in agencies such as the EPA and FCC know they have a job waiting for them in corporate America the second they leave government. They sets the stage for them preparing things for the industry while they are still in the government so they'll have a cushy job waiting. There is no waiting period so they can set up their new job while still on the government payroll and setting favorable regulations for that company when they take over.

    117. Re:It's the left version of the Tea Party by rhalstead · · Score: 1

      I beg to differ. 1. It's anything but populist. They represent a tiny fraction of the population and their behavior is seen as anti American by middle America. 2 Sure they are: Emphasizing peace with near a 1000 arrested. 3. they are being supported by the Unions, Liberals, and far left. The Unions and far left are pretty strong supporters of the Democrats.

    118. Re:It's the left version of the Tea Party by rhalstead · · Score: 1

      Right wing? Aren't they are the epitome of the left wing. IE, socialist demands, anti capitalists. Anti big business, anti free market.

    119. Re:It's the left version of the Tea Party by Ramin_HAL9001 · · Score: 1

      That's because the Tea Party doesn't defecate on their cars. Daily Mail [dailymail.co.uk]

      Fuck you and your right-wing propaganda machine.

      It's because Fox News was both defending the Tea Party, and keeping them in line. Any imagery of cops beating down on Tea Party protesters would only be fodder for their anti-government (anti-Obama) talking points.

      Who's defending Occupy Wall Street? Is the "Left Wing" Media (CNN, MSNBC, NPR) running 24-hour news coverage on how unfair the police have treated the protesters on Wall Street, in the same way that Fox hyped and gave coverage to the Tea Party? No. Nobody is defending Occupy Wall Street. There are no buses paid for by Koch industries, giving them free food, transportation, and otherwise keeping them orderly.

      The so-called "Left-Wing media" doesn't exist, it is a fictional demon invented by Fox news and Talk Radio to make the ignorant masses of right-wing sympathizers believe they are a repressed minority fighting against a greater evil (the "liberals"). But no "left-wing media" even exists, and anyone who thinks it does exist is a severely deluded puppet of the state/wealthy-elite. For this reason, occupy Wall Street WILL FAIL: there is no solidarity or sympathy for people who are unemployed or otherwise abused by the system. There is still hope that things will get better. But things will not get better. If Obama is re-elected, he will not solve the problem at all. If a Republican is elected, he will only make the current problems worse.

      10% unemployment and rising. If this goes on much longer (and it will), that 10% will grow to 20%, maybe 30%. Then the 30% WILL loose their last fleeting trace of hope. When that happens, you will no longer see 30% unemployment, you will see 30% of all Americans become suicidal. You will see 30% of Americans so desperate for food that no amount violent force by the police or military will keep that 30% in-line. Their lives can get no worse, and they will all die fighting for freedom, and in the process, take as many of the 1% down with them as they can in the process.

      This is one of the last chances for a peaceful resolution. The problem is, the resolution is impossible: campaign finance reform, individual tax equality with corporations, solid social safety-nets for the elderly and incapacitated, sensible tax laws for both corporations and individuals -- NONE of this can happen because our current government has a perfect system of checks and balances to make sure ONLY the wealthy are powerful, to make sure individual votes do not matter.

      So I am just bracing myself for an all-out civil war. I still have a good job, hopefully I won't end up one of the 30% unemployed with nothing left to do but fight, hopefully the money I am saving up in the bank will still be worth something in 5 years. That's why I support the protests: I hope they prove me wrong and the entire scenario I just outlined will never happen.

    120. Re:It's the left version of the Tea Party by tbannist · · Score: 1

      I'm not sure if you noticed but usually it's around 95% of incumbents who get re-elected. Gerrymandering was supposed to mean that politicians didn't actually have to listen to the plebs. Now, thanks to a change in voting patterns, almost 15% of them might have to actually pretend to listen... The U.S. electoral systems are deeply screwed up.

      --
      Fanatically anti-fanatical
    121. Re:It's the left version of the Tea Party by tbannist · · Score: 1

      Is Ben & Jerry really a "major corporation"?

      --
      Fanatically anti-fanatical
    122. Re:It's the left version of the Tea Party by tbannist · · Score: 1

      Republicans don't owe the Tea Party, they owe the other Republicans who "control" the Tea Party. Some Republican incumbents defeated for one of two reasons: first the Tea Party is only mostly controlled and second some of them wouldn't play ball with the people who are really in charge of the Tea Party. So those who wouldn't play ball were replaced by people who better matched what the Tea Party owners want*.

      * Simply put they want lower taxes.

      --
      Fanatically anti-fanatical
  12. Mindless dupes of a well financed astroturf outfit by StefanJ · · Score: 2

    Oh, wait, sorry . . . I was thinking about last year's protestors.

  13. Re:Sick of it... by GameboyRMH · · Score: 4, Insightful

    About time the losing side in the class war started fighting back, I say...

    --
    "When information is power, privacy is freedom" - Jah-Wren Ryel
  14. Awareness by jimmerz28 · · Score: 1

    It's raising awareness of the issues, that's really all I can expect. What people do after they've become aware is the fun part.

    If I was close to where the large areas are I'd be there tearing up my $900/month student loan bills too.

    1. Re:Awareness by farble1670 · · Score: 2

      If I was close to where the large areas are I'd be there tearing up my $900/month student loan bills too.

      sorry but that smacks of self interest more than anything else. you borrowed the money. why don't you think you need to pay it back? if the answer is something like "corps borrow money and don't pay it back / get bailed out", your thinking is wrong. the solution is for everyone (corps and individuals) to pay their debts and act financially responsible. the answer is NOT the opposite, for everyone to refuse to pay their debts and act financially irresponsible (as you are did / are doing, respectively).

      two wrongs don't make a right, so they told me when i was 3 anyway.

    2. Re:Awareness by Duradin · · Score: 1

      $900/month? I though my $300/month with a sizable chunk of it being extra principle was bad.

      I suppose that's what you get for getting the Benz when all you could afford is the Civic.

    3. Re:Awareness by Bucky24 · · Score: 1

      I have $20,000 in loans after four years and that costs me about $230/month. So I'd estimate (roughly) that if one had a $70,000 loan they could stand to pay $900/month. And I could see someone racking up a debt that large. At the UC I went to, tuition+board was about $6,000 a quarter, so $18,000 a year. (it was before the fee hikes anyway, quite a bit more now). So for 4 years it would come to around $72,000, if you took loans for the entire thing. So it's feasible. Most people live off campus after their second year, which brings that down quite a bit (tuition by itself is only $3,000/quarter), but if you stayed all 4 years in the dorms with a full meal plan....

      --
      All the world's a CPU, and all the men and women merely AI agents
    4. Re:Awareness by Attila+Dimedici · · Score: 1

      What does your student loan bill have to do with Wall Street? If that is what this is about, they should be occupying the student commons of various universities.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    5. Re:Awareness by jimmerz28 · · Score: 1

      Maybe you should look up what the movement is about rather than just reading the two words from the headline.

    6. Re:Awareness by Attila+Dimedici · · Score: 1

      So tell me, what is the movement about? I have read several articles where they talked to people at the protests and I still don't know what it is about. Your comment seems to imply that it is about people having too much student debt.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    7. Re:Awareness by Billly+Gates · · Score: 1

      Disclaimer I have expensive student loans I need to pay back too ...

      Part of the problem with debt is that it raises prices and causes inflation which in tern fuels more of a supply for debt until an evitable crash like 1929, 1873, and 2008. If student loans are handed out like candy, then prices go up. We are told to go to college or be poor and misserable for our entire lives, guess what we do? Go to school so we do not become losers. Now we pay many times more. Since everyone is doing it the colleges notice and raise their prices even higher. Then the government backs the loans and makes it impossible to bankrupt on them. More banks offer loans, colleges notice and raise rates again and so on until we end up where we are today.

      Before you know it you are looking at $200,000 for a bachelors for a ivy league school and probably $100,000 for an ok private school, and $50,000 for a state school. How we are told to work at BestBuy yo should get a masters instead. Want to be nurse with a masters to get more money in this economy? That will be $60,000 additional money. See the issue?

      The banks then loaned people insane money for homes and what did home owners do? Raise prices.

      Pay it back you say? How? We have no jobs outside of McDonalds in this economy. Even if we get a job answering phones for $12 it wont cover the basics after you get a $1000 a month bill for the priveldge of answering phones. You need experience for a good job. You can't get experience without working first and it is a big mess and another cycle asshole HR is putting everyone through. Home owners pay your bills you say? How can someone making $60,000 a year afford a $375,000 home? Many are living off of top ramon just trying to keep their heads above.

      There is too much debt to pay off. The whole thing is a scam. Infact 95% of our money is created of thin air from the banks. That site I listed has some pretty scary graphs and a must read for any economics guru.

      I do plan on paying every penny back of course but I can't save for retirement until 40 and will have to put half my income away from retirement and live broke forever. What was the point of bettering myself through an education? That pisses me off. I put off school because of debt and didn't want to pay student loans. All I could get was $10/hr without that magical peice of paper. What was I supposed to do? I am one. These people represent th 100,000 people like me. Many who are formerly wealthy that got laid off are also joining too because they can't get back to where they were. Paying livable wages is not profitable when overseas labor is involved.

      I blame myself actually unlike most protestors and do not want sympathy. My point is when you have under employment and long term unemployment at %20 heads will roll! The banks all played a part mixed with the government for all the examples I cited above due to deregulation and greedy and stupid bankers and customers alike. However, only the customer gets shafted.

    8. Re:Awareness by JustSomeProgrammer · · Score: 1

      +1

      I've grown up living well below the poverty line and chose a college that was inexpensive as I knew I couldn't afford better. If you chose to go to a high end school without the means to pay for it then that is your fault not mine and not any one else's.

    9. Re:Awareness by farble1670 · · Score: 1

      the problem is the belief that we NEED that $375k home and the $30k car in the garage and fancy clothes the ipad. people just take all of those things as a given and go after them regardless of whether they can afford them or not.

      if you paid for ivy league or private, and you couldn't afford it, then shame on you. as for $50k for a state school, you could have paid that off by working over the course of your schooling. that's never easy, but a lot of people do it. or, pay half of it off and come out with a reasonable $25k in school loans. there's also this thing called community college that can reduce your costs further.

    10. Re:Awareness by Billly+Gates · · Score: 1

      Yep I started in community college. I have about $30,000 owed as I worked so I didn't end up with $60,000. My exwife owes $120,000 and was not that responsible. Hence the major reason for divorce. But I take responsibility and wonder how to get out. To graduate early I quit one job (it paid shit anyway) to focus on 18 units to graduate early so we could move and then the recession hit. I take whatever I can make now to survive, but I would never pay $30,000 for a car.

      I am not alone and finding a job is TOUGH. I am not saying it is all Wall Streets fault, but they are a major culprit. If you are 23 and fresh out of school you can not work if you do not have experience and this is the catch 22. They have a right to protest and be angry

    11. Re:Awareness by jimmerz28 · · Score: 1

      http://occupywallst.org/about/ Parent URL was the 2nd result from google.

    12. Re:Awareness by Attila+Dimedici · · Score: 1

      OK, I followed that link and the link on that page to the Adbusters call for the protest and I still don't know what they stand for, unless they think that people who work for corporations should have no right to petition Congress to address their grievances. Or maybe it is, profit is evil? What is the goal of the movement? If it si to get money out of politics, that is like saying they want to get water out of people.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    13. Re:Awareness by Anonymous Coward · · Score: 0

      If you want to know so much on what they want, take your own advice and get involved with those people. No, I'm not saying join the protest. I'm saying go meet them in person and talk to them.

      The Internet does not hold all the answers. It is ultimately those people on the streets who hold the answers you seek... that is, assuming you are sincere about wanting to know what they want.

    14. Re:Awareness by jimmerz28 · · Score: 1

      Thank you AC this is what I was trying to elucidate to the brick wall; wasn't getting there on his own.

  15. The protesters need to refocus their anger. by gcnaddict · · Score: 2

    They're too focused on the "greed of wall street," which makes the protesters seem like they're after handouts.

    They need to instead focus on financial crimes, the fact that many of the people in the so-called 1% who are responsible for the subprime lending crisis, etc. aren't sitting in jail despite the fact that it's these white-collar crimes which bankrupted many innocent people. If they focus on the tax evasion, insider trading, blatant abuse of trust, and so forth, then they would have a more convincing case.

    --
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    1. Re:The protesters need to refocus their anger. by gcnaddict · · Score: 4, Insightful

      Funny as it sounds: Bernie Madoff is sitting in jail right now for ripping off the rich, and they all got their money back. None of the people who wrote loans to everyday people knowing these people would default ended up going to jail. None of the people who inflated credit ratings on subprime financial vehicles are getting punished. This is where the protests should focus on, not just "greed," whatever that is.

      --
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    2. Re:The protesters need to refocus their anger. by Nutria · · Score: 1

      +5, Insightful.

      Realizing, as another poster wrote, that they are the upper crust of the richest nation on earth (like that black who guy knelt down on Wall Street, screaming, "I'm a law student at GWU, my parents make $350,000 a year, and the bank is repossessing our $500,000 mansion!" when the bank actually wasn't.)

      Boo Fscking Hoo!

      --
      "I don't know, therefore Aliens" Wafflebox1
    3. Re:The protesters need to refocus their anger. by StillNeedMoreCoffee · · Score: 1

      I'm sorry but "these white-collar crimes which bankrupted many innocent people. If they focus on the tax evasion, insider trading, blatant abuse of trust, and so forth," are all examples of greed. You are just enumerating the ways that we are aware of for greed to steal from the rest of us. Then there are the people that buy companies and fire a lot of people and sell the carcase or move jobs overseas and fire workers and get tax breaks, bonuses and high salaries for it.

    4. Re:The protesters need to refocus their anger. by Scareduck · · Score: 4, Informative

      Bernie Madoff is sitting in jail right now for ripping off the rich, and they all got their money back.

      The Wilpons allegedly lost as much as $700 million, so maybe you want to substantiate that claim with something.

      --

      Dog is my co-pilot.

    5. Re:The protesters need to refocus their anger. by RightSaidFred99 · · Score: 3, Insightful

      What exact crime is it to give someone a loan? Please, who exactly do we arrest and for what? In fact, if they had been as tight as a duck's ass about handing out loans people would be whining that the American dream is dead because "normal people" can't afford a house.

      If you're going to throw some banker in jail for loaning $300k to someone for a house, make sure you throw the asshole who thought he could afford a $300k house so he could keep up with his neighbors.

    6. Re:The protesters need to refocus their anger. by DutchUncle · · Score: 1

      No, sorry, Madoff victims weren't all rich and they didn't get their money back, and probably won't. A cousin of mine lost all of the intended college savings for three kids that his parents had put aside with their investment advisor in a supposedly managed account; turns out the advisor was "investing" with Madoff.

      I agree with you about the rest, though - there are so many equally obvious cases of fraud that somehow don't rate punishment.

    7. Re:The protesters need to refocus their anger. by DavidTC · · Score: 1

      Exactly. A lot of people do not appear to be aware that banks writing loans to people who they know cannot pay it off is, in fact, a crime called 'predatory lending'.

      At least, that used to be a crime. Now it's something we give banks boatloads of money to recover from.

      Something like 50% of people who worked for mortgage agents or in loan departments in banks from 2000-2007 should be in jail. I don't mean in a hypothetical 'I wish they weren't around', I mean in the sense they committed actual crimes.

      I mean, we're talking about a crime where the criminals are required to notify the government. It's not like banks are secretly foreclosing on homes. The government does have a list, and should look at the loan document and say 'Jane Smith authorized this failed loan also...interesting...put it in the Jane Smith stack'.

      The government should be walking around looking at foreclosure notices and pulling up the loan info, and noticing loan officers who have, I dunno, over 10% foreclosures over the last decade, and interview them. And then interview their boss, and their boss, and their boss.

      --
      If corporations are people, aren't stockholders guilty of slavery?
    8. Re:The protesters need to refocus their anger. by berashith · · Score: 1

      also look at any fines that may be levied upon the companies who encouraged their brokers to do this. It will take 10 or 15 years, and the fines will be a few millions. This may seem like something, but when they have pocketed hundreds of billions, and the fine is a tax break, then I dont see too much punishment in the mix.

      http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405

    9. Re:The protesters need to refocus their anger. by DutchUncle · · Score: 1

      Greed is not the problem. It's the short-term-ness of the greed that is the problem. I'll bet Steve Jobs wanted to be rich, and he *built* a company, with risk capital and investment from others.

    10. Re:The protesters need to refocus their anger. by sjames · · Score: 1

      The provable crimes are just a bit covered by protesting Wall Street, don't you think? Can we not assume that the fraud is part of the greed they protest? Must they spend the next few years carefully crafting some sort of perfect manifesto before they put a single protester on the streets?

      This is about the 99% waking up and recognizing that they are the majority of the people (and 100% of the productive people) and that they have every right to demand a fair distribution of wealth.

      There's more than enough anger to go around and more than enough good reasons behind it. focus is less important right now than just making it known that people are not in a mood for more of the same.

    11. Re:The protesters need to refocus their anger. by gcnaddict · · Score: 2

      Giving a 600,000 dollar loan to someone making 40,000 dollars to sustain a family of four is unconscionable. The fact of the matter is that the crisis started as a result of shrewd underwriters writing bad mortgages while having them sold off in debt vehicles as AAA-risk debt.

      Yes, these guys do indeed deserve to be put down for violating both the trust of the people who got the loans and the trust of the financial industry. The problem is that there's just too many of them.

      --
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    12. Re:The protesters need to refocus their anger. by gcnaddict · · Score: 2
      Whoops, I jumped the gun a bit. I read this headline by ABC and assumed it was a done deal:

      Bernie Madoff Victims Get Their Money Back

      Turns out the payments only just started. Apologies on my part.

      --
      Viable Slashdot alternatives: https://pipedot.org/ and http://soylentnews.org/
    13. Re:The protesters need to refocus their anger. by Anonymous Coward · · Score: 0

      "Bernie Madoff is sitting in jail right now for ripping off the rich, and they all got their money back."

      What planet are you living on? It was a Ponzi scheme. Most of the money is gone and most of the investors did NOT get it back.

    14. Re:The protesters need to refocus their anger. by Anonymous Coward · · Score: 0

      Sounds like you dont know how to use google, that is who they're focused on its second on a list of five demands:

      http://coupmedia.org/occupywallstreet/occupy-wall-street-official-demands-2009

      that link was first on a google search for "occupy demands"! I guess the media doesn't know how to search either.

    15. Re:The protesters need to refocus their anger. by jo_ham · · Score: 2

      It's a crime when the people doing the lending know ahead of time that you cannot afford to repay it, yet give it to you anyway. They're supposed to lend responsibly, yet instead they loaned a lot of money they knew was extremely risky, and then traded that debt.

      So the positions on the spectrum are not just "tight as a duck's ass" or "criminally irresponsible" - there's a middle ground there.

    16. Re:The protesters need to refocus their anger. by tgd · · Score: 2

      What makes you think they're not after handouts?

      It seems to me the crux of the problem is that a few tens of millions of people in the US spent 10-15 years living on credit WELL beyond their means. Tens of millions of people who weren't middle class leading middle class lifestyles. Tens of millions of middle class pretending they were upper class.

      The greed of the banks was a second order greed. They took advantage of a pool of people who knew *perfectly well* they were living beyond their means.

      So the real story here is that a lot of people are really fucking mad that they're going to actually have to live within their means, as painful as that may be. A lot of kids are mad that those people fucked everything up, and everyone is (in a very left-wing Tea-Party like job of deflection) pointing fingers at "big business".

      The trillions in bailout money that went to the banks? Do people *really* think that the bankers pocketed that money? Every person who refinanced their house at a gain above and beyond the rate of inflation pocketed that money. The banks just skimmed off the top. There are ten million $40k minivans and blinged out SUVs, a million McMansions, an industry full of half-billion dollar cruise ships and megaresorts all that consumed those trillions. Not the bankers.

      These people out protesting weren't complaining when they locked up their $400k house, hoppped in their $40k minivan with their three kids, drove it to the airport and took seven days at Club Med. They only started complaining when they realized they needed a job paying $150k a year to support that, not the $55k a year they actually were making.

    17. Re:The protesters need to refocus their anger. by gcnaddict · · Score: 1

      Thank goodness someone gets it. This is precisely how the subprime lending crisis started.

      --
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    18. Re:The protesters need to refocus their anger. by Anonymous Coward · · Score: 0

      Article clearly states it was NOT $700 million.

    19. Re:The protesters need to refocus their anger. by RightSaidFred99 · · Score: 1

      Nonsense. Giving someone such a loan is not at all unconscionable, and if so it is in direct proportion to the idiocy of _accepting_ such a loan.

      The way it's supposed to work is that the idiot who writes that loan loses his ass. This is a disincentive.

      The problem is the government bailed them out. So if anything - bitch at the assholes who bailed people out for making bad decisions. Making the loan is in no way illegal and you're just making shit up out of an idiotic sense of populism.

    20. Re:The protesters need to refocus their anger. by RightSaidFred99 · · Score: 1

      What crime? What specific crime is "giving a loan to someone who can't pay it back"? I'd love to see where this is in the US code.

      The only "crime" here was bailing out the idiots making these loans.

    21. Re:The protesters need to refocus their anger. by Anonymous Coward · · Score: 0

      Sure, there was greed in the "supprime lending crisis"... it was people who were not credit worthy taking out loans they should never have applied for in the first place... made by banks who would normally have denied them except that they feared a government who would call them racist if they had standards too high. So lending standards were lowered to get more minorities and what happened? People (not just minorities) who before would not have qualified got loans... and sure enough, they weren't really qualified to get them in the first place... all those loans were causing a bubble of demand for housing, driving up housing prices... but then those loans, which relied on adjustable rates and low entry numbers, came due and couldn't be refinanced and pop goes the bubble. If you want to blame someone for this mess... blame politicians who block efforts to reform the system (history shows the Bush administration tried since 2001 to fix the problem and were blocked by Frank, Dowd, and other Dems like Obama who were deep in the pockets for Freddy and Fanny) and blame the people who borrowed money when they couldn't afford to pay it back...

    22. Re:The protesters need to refocus their anger. by blahplusplus · · Score: 1

      "not just "greed," whatever that is."

      People use greed in the place of capitalism because everyone so afraid of being called a "dirty leftist/socailist" because of long term media propaganda in schools and on TV. I swear americans are some of the most chicken shit brainwashed people on the god damn planet. If americans were smart they'd universally claim they want socialism, both left and right and scare the living daylights out of the top 1%. That would definitely get the upper classes attention.

    23. Re:The protesters need to refocus their anger. by harperska · · Score: 1

      There's no real crime in giving bad loans. Nothing is stopping me from giving you all the money you want. It's just a really really stupid business decision on my part. I should have known that you probably won't be able to pay me back and you will probably end up declaring bankruptcy, thus legally preventing me from making you pay me back.

      No, the real crime was in the fraud when the banks took what they knew to be very high risk mortgages, and hid and misrepresented that risk when they repackaged and sold them as mortgage backed securities.

    24. Re:The protesters need to refocus their anger. by Khashishi · · Score: 1

      It's the crime of usury.

    25. Re:The protesters need to refocus their anger. by clong83 · · Score: 1

      I beg to differ. I bet Steve Jobs had passion and wanted to build a nice, affordable, and usable computer. He made a nice product, and the money came naturally. Too many people try to make money, with product as an afterthought, or without passion. This is what separates great companies from mediocre/crappy ones.

    26. Re:The protesters need to refocus their anger. by Xphile101361 · · Score: 1

      This is marked as insightful? Really? No one forced a single one of those people to take a loan that they couldn't handle. Your bank is NOT your accountant. It is NOT their job to tell you if you can handle the monthly payments or not. Maybe if those every day people had some financial responsibility in their lives, they wouldn't have defaulted on their loans.

    27. Re:The protesters need to refocus their anger. by Anonymous Coward · · Score: 0

      The banks were so greedy, they lent money to people who they knew would not be able to pay back. Of course the banks were forced by law to make risky loans by a compassionate government who thought the country would be better off if they could just get millions of poor people to ruin their credit for life.

      Don't forget to blame the banks for following the law, no mater how stupid the law is.

    28. Re:The protesters need to refocus their anger. by Anonymous Coward · · Score: 0

      Making the loan

      WTF does this even mean?? English dude, english!

      You can "make a loan application" or "make a loan payment" or you can "lend money", but WTF is "make a loan"? How do I make a loan?? Is that some widget factory??

      The way it's supposed to work is that the idiot who writes that loan loses his ass. This is a disincentive.

      Write a loan? My god, I have no idea what you are writing about.

      What should happen is,

      1. Banks jobs is to do risk management.
      2. People that have approved loans for people that clearly could not afford these loans, should be out of a job in financial sector permanently. They should also pay fines being negligent. Giving $600,000 to someone with $40,000 income is a clear example of failure.
      3. People that applied for loans and lied on applications for such loans should be held accountable.

      Finally, TARP and similar exist for one reason - so banks don't go bankrupt because they have to pay out $500m in *cash* but only have $100m in *cash*, but otherwise have $20,000m in assets. TARP was NOT a payment to the banks to bail them out - TARP was a swap of illiquid assets for liquid assets (ie. treasuries for mortgages). Later down the line, the liquid assets are swapped back for the illiquid ones as the banks can deal with losses them over time, but not all at once.

      TARP was not a bailout to its strict definition. GM was a bailout. Citi Financial was a bailout. AIG was a bailout.

      Anyway, gcnaddict was pretty much on the ball. I have no idea what you are talking about, mostly because you have failed to convey your ideas.

    29. Re:The protesters need to refocus their anger. by Bardwick · · Score: 1

      Um, Affordable housing act? Washington making banks issue high risk loans? Loans they would normally never do.... Also, the banks didn't go looking for these idiots, the idiots went looking for the banks...

    30. Re:The protesters need to refocus their anger. by dafoomie · · Score: 5, Informative

      Thats strictly a paper loss, the Wilpons profited from their relationship with Madoff. They deposited about $700 million and withdrew about a billion over the course of 5 years, their only losses were the ficticious profits they hadn't yet withdrawn. A recent ruling limited their liability to only what was invested in the last 2 years, and likely only the profit they made of about $83 million.

      http://www.nytimes.com/2011/09/29/business/mets-ruling-may-reduce-payout-to-madoff-victims.html
      http://www.marketwatch.com/story/madoff-ruling-a-big-win-for-mets-owners-2011-09-28

    31. Re:The protesters need to refocus their anger. by jo_ham · · Score: 2

      Predatory lending is what it is. There is legal protection for it in many states (albeit not specific to predatory lending exactly).

      Specifically misrepresenting the ability to replay the loan, knowing that they can sell these debts on, which was the ultimate aim.

    32. Re:The protesters need to refocus their anger. by Anonymous Coward · · Score: 0

      > with their investment advisor

      Then their adviser was the one that ripped-of your family member. That person illegally invested with Madoff, because federal law required all money he accepted to be from accredited investors only. That's one of the few things Madoff did right. It wasn't Madoff's fault that some crook in the middle illegally invested their money.

    33. Re:The protesters need to refocus their anger. by RightSaidFred99 · · Score: 1

      Your inability to grasp English is not my issue. One "makes a loan" by creating it or originating it. If I lend you money I am "making a loan" [agreement].

      Loans are written in contracts. Again, to write a loan is to define the details of a loan in contract form.

      So reading comprehension aside - there was no crime here. A loan consists of one party lending the other money - unless you're mentally incapacitated (in which case there is still no crime - the loan contract is simply void) or the loan violates state or federal law when it is made, it's by definition not criminal.

      So sure, if you do bad risk management and lend money unwisely or against bank policy you should be fired. There is no legal apparatus to fine or imprison these much hated "banksters" for making bad loaning decisions.

      The reason there is no such make-believe law is that there doesn't need to be. If banks make [See above for English 101] bad loans, they would pay for it by losing money. If the banks weren't bailed out (TARP was a bailout), it would be a non-issue.

      The federal government obviated the need for risk management by providing insurance that no matter what the banks do, we'll bail them out. That's the problem.

    34. Re:The protesters need to refocus their anger. by Anonymous Coward · · Score: 0
      I'm soooo sick of this bullshit line. In 2008, I was doing fine making around 275K/yr (and had been in that income neighborhood for several years) and able to make my $300k mortgage just fine thank you. Then in 2008 the crash hit. I was forced out of my contracts by much larger consulting firms and forced to go to work for them as an employee, reducing my income down to 130K. I've spent the last 3 years struggling to keep up the mortgage payments, our 2 cars (which have since been paid off) are both over 200,000 miles and my kids are on their own as far as getting a college education.

      I worked long hours for 35 years to get to the point where I was in 2008 when Bush f&cked the economy over and dip-shits like you want to tell me it was my fault for living beyond my means? F&ck you and your elitist mindset. I've always had to work hard for every damn dime I've ever gotten and some how I'll make it through this but I am most definitely one of the 99% and I'm damn tired of seeing middle class wiped away by the greedy top % who give a damn about one thing and one thing only, and it doesn't have a damn thing to do with their country.

      End of rant.

    35. Re:The protesters need to refocus their anger. by StillNeedMoreCoffee · · Score: 1

      Good point, but really its greed. Look at the last time before the big populous slap down (and a stock market crash) that gave birth to the unions to start out with, with the large industrialists with the child labor and unsafe working conditions (like in so many, many mines). This is long term greed and was entreched until the voting public started saying, no, that is not in our best interests, we need clean water, clean air, no children pressed into labor, literacy, and the right to let labor have a voice in the process not just owners. Unions and voters were the only counterbalance to greed. We are seeing that ugly head of greed get big and now had gone for long-term growth and planning. Its time for the electorate to re-evaluate the wisdom of the right wing direction against their own best interests.

    36. Re:The protesters need to refocus their anger. by RightSaidFred99 · · Score: 1

      That's not what predatory lending is, and "predatory lending" isn't a legal term, it's a general description of specific practices. What specific law did they break? Did they misrepresent the loan rates? Did they forge documents? Did they lend at a rate above any state or federal loan limit?

      The reason the ability to repay the loan is determined by the bank is because it's in the _bank's_ interests, not because of any legal requirement. I can lend you $1 billion dollars if I want, as long as the terms of the loan itself are within legal parameters, and I could do so knowing full well you'll never be able to pay the loan back.

      Now, if I have legal financial responsibilities to stockholders or a board of some sort, _then_ I may have civil liabilities for doing so.

      It's only rabble rousers who call for banksters to be "jailed", unless they have _specific_ details of a crime any individual committed.

    37. Re:The protesters need to refocus their anger. by RightSaidFred99 · · Score: 1

      At last, someone who makes sense. Yes - if we can find specific instances of fraud we should absolutely prosecute to the full extent of the law.

    38. Re:The protesters need to refocus their anger. by RightSaidFred99 · · Score: 1

      No it isn't. Usury is only codified in the law in some locales, and refers to the terms of the loan. If I loan you $800k I know you'll never pay back but I do so at a 2% interest rate then I am not committing usury.

    39. Re:The protesters need to refocus their anger. by JazzHarper · · Score: 1

      As far as I know it has never been illegal, in any country at any time in history, to make a secured loan to people who have a high risk of default. It's stupid, but not criminal. It's not apparent to me why you would think that it is illegal or why you think that it should be.

      That being said, the sale of a mortgage to an underwriter based on false or misleading documentation should be prosecuted as fraud. None of the hundreds of thousands of borrowers who committed mortgage fraud on their applications have gone to jail, either. One study showed that as many as 90% of stated-income applications submitted by your "everyday people" were fraudulent.

      No one involved at any level of the chain, right down to the borrowers, wants to see fraud charges filed because none of them have clean hands. Besides, the court system would never be able to process all the cases.

      That is all history, now. Where were these protesters two years ago, when the banks and mortgage insurers were being bailed out? For the most part, the loans made to the banks by the government have been paid back, with interest.

      A few of the protesters *are* focused on the root problem: the fact that corporations have used their money and power to completely and irreparably corrupt BOTH ruling political parties. (And yes, they do rule jointly). The government is totally dependent on the revenue that comes from huge sums of money circulating in the financial system, amplified by the leverage in the shadow banking system. (It is impossible for me to believe that the Federal Reserve was not aware of the expansion of the money supply provided by unregulated, non-depository institutions). I have yet to hear any constructive idea from them which might lead out of this situation. The protesters' plan seems to be revolution first--their agenda will be revealed later. I do not find that plan inspiring.

    40. Re:The protesters need to refocus their anger. by jo_ham · · Score: 1

      Misrepresenting the borrower's ability to repay is certainly covered under the definition of predatory lending.

      It's also interesting that there are very few specific laws that you can nail these people for. Funny that, in the wake of huge deregulation that was ostensibly suggested would be good for the economy.

      Realistically there was never any chance of prosecuting anyone responsible for the nasty shit they did, but that's part of the reason the protest exists - it's certainly not "rabble rousing" to call for regulation on the institutions who, by the standards of the government bailing them out to the tune of billions, are "too big to fail". For something with such a large effect on the economy and the lives of everyone under it, you think there would be some accountability.

      If pointing that out is "rabble rousing" then so be it.

    41. Re:The protesters need to refocus their anger. by RightSaidFred99 · · Score: 1

      Again, you're not citing any specific laws. The reason you're not doing so is because none exist, you're arguing about the way you wish things were not the way they are.

      If we let failures fail, there would be no need for such laws. If you make bad/stupid loans - sucks to be you when you go out of business. But we insisted on propping up the system.

      I do blame our legislators, but not because they didn't pass enough silly laws. I blame them for artificially propping up a system that is inherently flawed.

      With this idiocy we're just going to continue to accrue institutions which are "too big to fail".

    42. Re:The protesters need to refocus their anger. by HeckRuler · · Score: 1

      Giving a loan? No crime there no matter how stupid it is for the lender. But it's FRAUD when they sell that loan to someone else, because they're lying about what they're selling.

    43. Re:The protesters need to refocus their anger. by jo_ham · · Score: 1

      You're just restating my point.

      I don't expect anyone involved to go to jail because there are no specific laws covering what they did. That doesn't mean we can't point it out though, and point out the disparity in legislation that covers "the common man" and Wall Street, or even "a normal business" from Wall Street.

      The lack of regulation is what caused this mess - it created a system that ran rampant and out of control, and when it finally crashed was simply too large of mess in terms of financial impact on the global economy to simply leave to the free market (ie, let them die). In other words, they got away with it because we had no choice than to let them. The consequences for not cleaning up their mess were too great, so they shamelessly walked off with billions in taxpayer cash after fucking everyone royally. The fact that there are no legal means to make them answer for it is just the icing on the cake for them.

    44. Re:The protesters need to refocus their anger. by HeckRuler · · Score: 1

      Just for a gauge, mind telling us the professions of your cousin & spouse and your estimate of their gross income?
      "Rich" has a pretty wide swing now a days.

    45. Re:The protesters need to refocus their anger. by harperska · · Score: 1

      My understanding is that usury has to do with unreasonable interest rates, not the amount of principal lent. Perhaps there was usury and other predatory lending going on, but what turned it into a financial crisis that affected everyone was the fraud behind the reselling of the loans, rather than the loans themselves. As far as I know, (IANAL) there isn't a law simply against giving out high risk loans, which is what the GP was trying to say.

      And yes, there was probably lots of illegal predatory lending going on, but that is just between the lenders and the borrowers. But it was the subsequent illegal deception to downstream investors as to the risk of that lending that destroyed the economy. And it is that crime that heads should roll for.

    46. Re:The protesters need to refocus their anger. by nedlohs · · Score: 1

      But not doing so would mean that someone who happens to be a poor minority wouldn't be able to buy a house which would be evil.

      It's everyone's fault from the guy who took out the loan he couldn't afford, to the mortgage originator who knew he wouldn't be able to pay in the future, to the government agency or wall street firm that bought the debt, to the idiots who bought the packaged securities, to those keeping interest rates at absurdly low levels, to the biggest morons insuring^Wswapping that debt.

      But that wasn't the start of the crisis. This is still the same game as the tech stock crash over a decade ago. A housing bubble is what saved the economy from a collapse due to the tech implosion (and also 9/11 a year later). A bond bubble is what saved the economy from a collapse due to the housing implosion. Who knows what form the next can kicked down the road will take.

    47. Re:The protesters need to refocus their anger. by amRadioHed · · Score: 1

      The banker *is* the asshole who though Joe Schmoe could afford a $300k loan, or at least he didn't care enough to check if he could afford it. The bankers are the financial professionals, if some naive yokel wants to take out a loan there's no way they could pay back, the bank should be the responsible one and deny the request. But the banks weren't being responsible, they were giving away loans to just about anyone who asked and pawning the dubious loans off as securities expecting the bad loans would never catch up to them.

      --
      We hope your rules and wisdom choke you / Now we are one in everlasting peace
    48. Re:The protesters need to refocus their anger. by Anonymous Coward · · Score: 0

      http://rortybomb.wordpress.com/2011/10/09/parsing-the-data-and-ideology-of-the-we-are-99-tumblr/

    49. Re:The protesters need to refocus their anger. by nedlohs · · Score: 1

      And Jane Smith will just say, see here where Bob Jones signed that he has an annual income of $120,000. How was I supposed to know he was lying? It's a legal document, it'd be mortgage fraud for him to lie.

      How about we end the war on drugs and decriminialise all of that. Let all the people in jail purely for drug possession/use crimes out and lock up all the people who committed mortgage fraud? And yes if you can prove that the mortgage agent broke the law (which will be a little harder that proving that those who clearly lied on a legal document that states that lying is crime did so) lock them up as well. I'm sure it'll be easy to get a bunch of the mortgage agents - they'll turn on each other after all and I recall seeing a bunch of web sites reporting on bank memos that seemed to encourage illegal activity back in 2005.

    50. Re:The protesters need to refocus their anger. by Seeteufel · · Score: 1

      True, this doesn't sound like a fringe view to me. But he is a fringe politician in the United States. Outside the United States it is difficult to explain what brain wash makes American citizens reject social democracy.

    51. Re:The protesters need to refocus their anger. by Shotgun · · Score: 1

      None of the people who inflated credit ratings on subprime financial vehicles are getting punished.

      Have you ever, or been asked to, co-signed for a loan? The person asked you to co-sign so that the bank would have the assurance that the loan got repaid. The bank bases the risk of the loan on the co-signer.

      Well, the Feds wanted people to be able to buy homes, even people that couldn't afford them. They pushed the banks to make the loans, and they did that buy guaranteeing that they would be repaid. That is, the government officials wanted to make it look like more people could afford homes, so they had us taxpayers co-sign.

      This increase demand, which resulted in a bubble. Then the bubble popped.

      Then the bills came due. The politicians did what politicians do. They scrambled and, changed the names of things, and made deals. "We'll make good on the loan guarantees, but we'll call it a bailout. The people will be mad at the bankers, not us!!"

      Nothing else even makes a lick of sense.

      --
      Aah, change is good. -- Rafiki
      Yeah, but it ain't easy. -- Simba
    52. Re:The protesters need to refocus their anger. by DavidTC · · Score: 1

      And Jane Smith will just say, see here where Bob Jones signed that he has an annual income of $120,000. How was I supposed to know he was lying? It's a legal document, it'd be mortgage fraud for him to lie.

      Well, yes, but what you've failed to notice is it is much less crime. It is a good deal more illegal for a bank to give a loan to someone they know can't pay it back, then for a person to lie about that.

      Why? Because banks are supposed to be trusted. They have specific responsibilities under the law to verify this stuff, and especially not to set up a system, official or otherwise, where they make loans they know will fail.

      And, of course, you're assuming 'lying' on the forms. Banks gave plenty of loans to people based on crazy hypothetical like 'by the time it resets they will have gotten a better job' or 'the house will have gone up in value so much they can get a second mortgage based on the added value'. That is not a lie, there is no fraud committed there by the applicant.

      But banks are not supposed to accept hypothetical like that.

      There are actual mortgage forms out there that do not even met any sort of sane leading standards.

      I'm sure it'll be easy to get a bunch of the mortgage agents - they'll turn on each other after all and I recall seeing a bunch of web sites reporting on bank memos that seemed to encourage illegal activity back in 2005.

      Well, yeah, I don't really care about the mortgage agents. Make sure they have enough of a financial fraud record that means they'll never work in the banking industry again, and go after their bosses.

      --
      If corporations are people, aren't stockholders guilty of slavery?
    53. Re:The protesters need to refocus their anger. by Shotgun · · Score: 1

      But, were they high risk if an extremely large entity with a AAA rating was guaranteeing them? Someone like, I dunno, the US Federal Government!!

      --
      Aah, change is good. -- Rafiki
      Yeah, but it ain't easy. -- Simba
    54. Re:The protesters need to refocus their anger. by Kevin+Stevens · · Score: 1

      The people who wrote those loans are amusingly enough in the 99%. Aside from the very top officers running these banks like Countrywide's Angelo Mozilo, most of these people pawning mortgages were generally ordinary people, some of whom made a bit of money during the boom, but most of which are broke now. You want to know who the boots on the ground were that were peddling these loans? A lot of them were friends of mine that grew up in middle class families, went to a state school, maybe got a 3.0 in psychology, and then were deployed to sell mortgages to people in droves, often making over 70k within a year. These are the people who were selling you your mortgages- the ones that the 99% signed their name in triplicate saying that they read the documents given to them, and understood them.

      Aside from a small number of relatively isolated cases of fraud and taking advantage of people clearly incapable of understanding what they were doing, the half million people employed at the height of the crisis committed no crimes. You may not like what they did, or the consequences of it, but they committed no crimes, and it is not yet a crime to sell a sucker something more than it is worth.

      I find all of this anger towards Wall St. rather absurd. The housing crisis was started, fueled, and continued by the 99% who refinanced their homes and took money out for themselves from their homes fictitious values, and those who continued to pay inflated prices despite basic math saying that should be impossible. Wall St may have been asleep at the wheel, but they were the lions up in the food chain, the last stop up the rung and they passed what was fed to them along to the likes of AIG and other entities. It was grass root's movement of the 99% signing their life away on these mortgages that enabled it.

      And you don't think the 1% on wall st have paid? Ask the guys at Lehman and Bear Stearns who had most of their net worth wiped out. Most guys working at banks are upper middle class at best, its only the top few percent making anywhere near the millions, this hit the rank and file hard.

    55. Re:The protesters need to refocus their anger. by Ragun · · Score: 1

      There are a lot of immoral ways to abuse the financial system that are not obvious crimes in themselves. Antitrust laws for example, were designed to interrupt a behavior that while not fraudulent, eroded the mechanics by which capitalism worked in a healthy economy. You can't always stick to the blatant.

    56. Re:The protesters need to refocus their anger. by Anonymous Coward · · Score: 0

      How I see it:
      1999 - portions of the Glass-Steagall Act was repealed allowing banks to no longer maintain separation between securities issuing investment based banks and commercial deposit based banks. FDIC remained intact (was implemented originally with the Glass-Steagall Act to secure deposits by the government).

      2000-2008 - Almost simultaneously as the repeal, variable rate interest loans were a sham at best and were on the rise. This allowed families to get in to homes they otherwise would not be able to afford. When the small writing on the loan came into effect and then the interest rate jumped to some ridiculous amount, the family could no longer afford the home. They bailed on the mortgage. The loaning institution was at no or little risk for the loan since it was FDIC backed, and the loans were chopped up into crappy toxic investments sold off to investors. When the banks failed FDIC was on the hook to insure the "investments" that the mortgage holders defaulted on. People lost homes, homes devalued, more defaults ensued (made more sense to walk away from a mortgage that you're under the value of the home on than to sweat it out).

      Current - Part of the issue is to prohibit predatory lending. Elizabeth Warren was tabbed to look at creating the Consumer Financial Protection Bureau to make lending easier, more clear-cut, and regulate predatory lending. After getting her ducks in a row she has faced enormous backlash from congress to dull down the bureau's regulatory powers and teeth the bureau could use to stave off lending.

      This was a big oversimplification of the issue of subprime lending.

      Back to OT: In short the occupy protests really are objecting to a broken system. Cliche', I know, but it really is what it is. It mostly boils down to the 1% making decisions not based on the best intentions of the populace. I have to agree that the vast majority of people have been influenced to do things otherwise not needed for the profit of the rich, but I also think the 99% needs to take responsibility for the conformity of the past. That is what is starting to crop up. I don't think this will end any time soon.

    57. Re:The protesters need to refocus their anger. by sonicmerlin · · Score: 1

      Pretty sure Steve Jobs stopped caring about wealth as he got older. Problem with Wall Street is they're never satisfied.

    58. Re:The protesters need to refocus their anger. by Khashishi · · Score: 1

      Fair enough. But banks are going to charge a lot more than 2% interest. (I tried to find some typical subprime mortgage APRs, but this seems to be a guarded secret.) The usury laws are so full of holes that they might as well not exist. Most states have usury thresholds around 6-12%, but of course banks are exempt from all that. So, maybe it's not a crime in the legal sense, but I don't know. The loopholes are too complicated for me.

    59. Re:The protesters need to refocus their anger. by blahplusplus · · Score: 1

      Here's another one about their demands:

      http://www.youtube.com/watch?v=N8o3peQq79Q

    60. Re:The protesters need to refocus their anger. by Anonymous Coward · · Score: 0

      Because of CRA, previous rabble-rousers (ACORN/Obama) oozed into bank lobbies demanding the sub-prime loans be made; and current DC miscreants (Frank/Dodd/Pelosi/...) -- in the form of secondary market control by Fannie/Freddie -- coerced bank decision making. Banks were forced to make bad loans, but had they actually documented that they were making a $1000/mo loan to someone making only $1100/mo, they would have been drawn-and-quartered on legal, ethical, and fiduciary grounds (as they now are by Obama/Frank/Dodd/Durbin/Pelosi/Fleabaggers). Hello liar-loans and bundled risks.

      These were extremely high-risk loans that should never have been made, but the fleabaggers fail to grasp the fact that the economy is as it is precisely because of the ideology these protesters advocate. Freedom, responsibility, diligence, hard-work, and contentment are all concepts which fail to penetrate progressive brains.

      Yes, they need to refocus their anger. Progressivism is a plague masquerading as its own cure.

    61. Re:The protesters need to refocus their anger. by Anonymous Coward · · Score: 0

      The problem with this argument is that in many cases, it wasn't a deliberate fraud, but a model whose assumptions were invalid. With a rising housing market, defaults were unlikely as insolvency could just be resolved by selling the house. The financial vehicles were designed from the assumption that default rates in geographically diverse areas should be independent of one another, an assumption that was supported by about a century's worth of empirical data. Unfortunately, no one seems to have considered that any negative feedback would be magnified under the model - if default rates rose, the housing market would decline, prompting more defaults. Were these poor decisions? Yes, but were they criminal? As to those writing loans "knowing these people would default," most probably viewed themselves as helping the poor to improve their lives by relaxing their standards (also pleasing some politicians).

    62. Re:The protesters need to refocus their anger. by PaladinAlpha · · Score: 1

      Taking a 600k loan making 40k with a family of for is unconscionable. Offering such is anything but (besides maybe poor business sense). The only person to blame is the person signing for the loan. No one else. When did it become okay to give up personal responsibility?

    63. Re:The protesters need to refocus their anger. by The+Dawn+Of+Time · · Score: 1

      You aren't mentioning the someone making 40,000 accepting a loan he knew he couldn't pay back, which is equally unconscionable. Let's not be intellectually dishonest here.

    64. Re:The protesters need to refocus their anger. by Altus · · Score: 1

      yea, the Affordable housing act totally required banks to use robo-signers.

      --

      "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

    65. Re:The protesters need to refocus their anger. by DutchUncle · · Score: 1

      One professional-level office worker and one housewife. Not rich.

    66. Re:The protesters need to refocus their anger. by DutchUncle · · Score: 1

      Mea culpa - oversimplified for effect. Let's compromise: he wanted to make something cool that people would be willing to pay for, hence becoming successful. Jobs' difference is that he made things that were so cool that people WANTED, nay, were HAPPY to pay for them.

      Point is that he made things, and made a company to make those things, and hired many other people to help make those things. Things were made, and value was created that did not exist before, in the real world.

      The financial industry claims that it creates value, but most of the "equity" business involves repackaging existing value and somehow adding a profit far beyond the amount of value added. When the difference between price and value becomes obvious to the naked eye, it's called a "bubble" and blamed on the people who were talked into believing in it rather than being blamed on the hucksters who did the talking. If you sell snake oil you're a fraud, but if you sell securities in a snake oil business you're perfectly fine . . . which I believe is part of the problem.

    67. Re:The protesters need to refocus their anger. by clong83 · · Score: 1

      On that I think we are in 100% agreement. Well put.

    68. Re:The protesters need to refocus their anger. by rhalstead · · Score: 1

      Seem like? Demanding free college, demanding govt supply jobs... Focus on those things that usually go hand in hand with the govt regulators who hope to go to work for those companies.

    69. Re:The protesters need to refocus their anger. by rhalstead · · Score: 1

      As Scareduck said you might want to check your facts. Most are not getting their money back. Then take LightSquared, they even set the govt loan up so the private investors get their money back first which is against the law. IOW it's the govt that broke the rules.

    70. Re:The protesters need to refocus their anger. by PrebleNY · · Score: 1

      If you cant make your payments on a 300K mortgage with 130K income then you obviously have major issues with your budget or other financial constraints you arent revealing. Quick check of a standard mortgage calculator and it looks like if you were in a 15 year fixed at 5% (easily refinanced these days) you wouldnt be paying more than 2300/month. So you are looking at 37K/year and sure there are upkeep costs and property taxes... there also is a big fat deduction for interest you are paying. Maybe you were previously married and have to may alimony/child support etc. Maybe you have a parent in eldercare... I dont know. But crying that you cant make your mortgage when you are still pulling in 130K isnt going to garner a lot of sympathy when there are literally thousands of people who do the same on 75% of your household income

  16. Well someone's going to say it... by Anonymous Coward · · Score: 0

    From the top of the Brooklyn Bridge.

  17. Overdue. by unity100 · · Score: 1

    Middle Ages income distribution per law :

    33% lord, 33% church, 33% peasant.

    Modern income/wealth distribution :

    5% gets 72% of everything. 85% gets 15% of everything.

    http://sociology.ucsc.edu/whorulesamerica/power/wealth.html

    even worse, the means for wealth generation, the tools are totally on the off side on the hands of minority, so this means the income/wealth disparage will only grow bigger.

    85% of people dont have enough from economy, despite they are being worked to generate that economy. as a result, they are not able to spend. economy suffers. education dives down. culture is neglected. people dont care for anything outside survival.

    the top 0.1% of society, which owns and controls entire scheme on the other hand, just hoards. more and more. naturally, as a single person cannot want and spend for an endless amount of things, after a certain point spending on the side of the rich declines, and it turns to extreme luxury and afterwards just hoarding. insurmountable wealth stays in assets and keeps getting bigger through investment tools that do not produce anything solid in stock and fund trading schemes.

    situation now is worse than the situation in middle ages. no duke could dream of having 72% of wealth in the nation. all serfs would laugh at modern man taking only 15% of available amenities in the society. and serfs had their livelihood guaranteed by law.

    we progressed technologically. we regressed socially.

    1. Re:Overdue. by RightSaidFred99 · · Score: 1

      If you believe that chain-letter-for-lefties nonsense I have a bridge to sell you. Someone repeating the same lie over and over doesn't make it true, plus you're forgetting "church" and "lord" were both ruling class. It's like me making distinctions between CEOs and Vice Presidents and lottery winners.

      Complaining about wealth distribution is a lie rabble rousers use to rouse the rabble. Standard of living is what's important - and in the US it's very high. By all means we need to solve our health care costs/availability issue, but other than that these people are whining because someone else has a BMW and they want one.

    2. Re:Overdue. by Duradin · · Score: 1

      "Middle Ages income distribution per law :

      33% lord, 33% church, 33% peasant.

      Modern income/wealth distribution :

      5% gets 72% of everything. 85% gets 15% of everything. "

      You're mixing percentages.

      What percent of the population were lords or the bigwigs of the church (and serf's didn't own the land they were tied to, the land basically owned them)?

    3. Re:Overdue. by shutdown+-p+now · · Score: 1

      Standard of living is not the only thing that matters. When you tell people that they have to work their ass off to be rich, that's fine - and many will actually heed that call - but only when it's true for everyone. If not, then people, quite rightly, complain that there are plenty of others who did not have to work their ass off to be rich.

    4. Re:Overdue. by unity100 · · Score: 1

      the percentage of who are considered 'nobles' and 'churchmen' goes way higher than the percentage we consider as elites today. nobles were in a spectrum ranging from a small knight (which were a plenty) to dukes. if you consider that, anyone who was not a serf could own and rent out land just like nobles in old england, you could easily say that the 'noble' class ranged from a normal sergeant-at-arms (they were allocated land) or any random peasant to duke. churchmen was much more numerous, ranging from your average monk to bishop. not to mention church had a task of feeding people with its proceeds, further correcting the income distribution.

      the only difference in between being serf or being a peasant was, the latters' well being and life was not guaranteed. being a serf guaranteed livelihood, and especially in early middle ages (from 600 to 1200), many people wanted to become serfs. only after more freedom was garnered in cities, people wanted to run away to cities.

    5. Re:Overdue. by RightSaidFred99 · · Score: 1

      That's called begging the question. Nobody said you have to work your ass of to be rich. Similarly nobody guarantees that you will be rich if you _do_ work hard.

      The only thing guaranteed is that you have the right to try to work your ass off and to try to be rich.

      You're describing "envy", and nobody but children considers it a legitimate concern.

    6. Re:Overdue. by Bucky24 · · Score: 1

      I'd hazard a guess (not having access to census records of that time) that it was probably around 5% who were "lords", or rulers. And maybe another 5-10% who were in the church.

      But in the Middle Ages things weren't just split clean down the middle between lord and peasant. There was also the merchant class, knights (a lot of knights were considered "lords" in their own right, but not all of them, there were poor knights as well), and a small class of "freemen", who were basically peasants who were not bound to the land.

      I'd say to make it a proper example using the numbers above it'd be something more like this:
      15% (5% lords + 10% knights. This is only an estimate, so if someone else has better historical data then by all means correct me) make 33% 10% (church) make 33% 75% make 33%

      Though AFAIK the Catholic Church took tithe, or one tenth, so their share would be more like 10%. I imagine this was taken from both the peasants and the lords. And (again, AFAIK) the lords took 50% of what the peasants made, so really it'd be more like 50% to the lord, 10% to the church, the peasant keeps 40%.

      Then again a lot of this is my remembering history class from a few years ago, so it might be incorrect.

      --
      All the world's a CPU, and all the men and women merely AI agents
    7. Re:Overdue. by scot4875 · · Score: 1

      Complaining about wealth distribution is a lie rabble rousers use to rouse the rabble. Standard of living is what's important - and in the US it's very high.

      So it's ok if 0.01% control nearly all the wealth, are able to field the candidates they want, buy the laws they want, and keep the vast majority from ever experiencing any sort of financial independence, as long as everyone can afford to buy a 40" TV?

      --Jeremy

      --
      Jesus was a liberal
    8. Re:Overdue. by RightSaidFred99 · · Score: 1

      Yes. I'm not sure if you're aware of this, but the only place "everyone" can experience financial independence is in make-believe land. I believe it's just North of the moon, and just south of Unicorn land.

    9. Re:Overdue. by phantomfive · · Score: 1

      we progressed technologically. we regressed socially.

      Or maybe inequality isn't the primary measurement of social progress. Some of us would take the fact that the majority of us aren't slaves/serfs to be rather indicative of social progress. Don't know about you, but I'd still rather live in our inequal world where I am not a serf. I'd bet you are the same, when you aren't so obtusely trying to prove your point.

      --
      "First they came for the slanderers and i said nothing."
  18. Bitterness by SirGarlon · · Score: 4, Insightful

    I see a lot of bitterness on Slashdot about the U.S. political system: the sentiment that all the politicians are bought by moneyed interests and are at best indifferent, at worst actively hostile, to the needs of the person in the street or the country as a whole. I see the "Occupy<Location>" protests as expressing the same sentiment.

    At this point I think it's more important to build consensus about the need for action, than to determine a specific course of action.

    --
    [Sir Garlon] is the marvellest knight that is now living, for he destroyeth many good knights, for he goeth invisible.
    1. Re:Bitterness by Stradivarius · · Score: 4, Insightful

      To determine a course of action, first we need to diagnose the problem. My take is this:

      1. Both parties in Congress have become largely unresponsive, over the past decade at least, to the will of the people.

      2. They have become less responsive because they have gerrymandered district lines to an insane level. The popularity of Congress has been hovering around a mere 20% for years, yet the last 3 elections (2006, 2008, 2010), heralded as huge sweeps, saw roughly 85% of incumbents keep their seats. The voters are no longer picking their politicians, the politicians are picking their voters.

      3. Because of this dilution in voter power, the power of moneyed interests has increased (certainly in relative terms, maybe in absolute terms too). We see both parties increasingly enmeshed in cronyism, in which they attempt to give subsidies to allies while levying taxes or regulations against opponents. Even after the biggest financial disaster since the Great Depression, on a bipartisan basis Congress proved unable or unwilling to tackle Too Big To Fail. If that's not a sign that Congress has freed itself from the will of the voters, I don't know what is.

      Doing something about gerrymandering would seem to be a step in the right direction. An example would be to put responsibility for district lines into a nonpartisan commission's hands, perhaps aided by algorithms to help maximize competitiveness. That has the advantage of being something that folks from across the political spectrum could get behind.

      An additional response to Congressional misdeeds is to stop allowing Congress to meddle in as much as it does, thus limiting the damage. But that has several downsides: 1) the left in the US seems reluctant to constrain the power of Congress, and 2) the right in the US, despite its rhetoric, has been extremely ineffective in electing members who actually would limit Congress, perhaps because 3) there is currently very little incentive for Congress to constrain itself.

    2. Re:Bitterness by Anonymous Coward · · Score: 0

      That's the kind of thinking that got us into this mess or at least made the mess worse. The majority of this country was fooled into voting for "change" without any idea of what kind of change was going to result.

    3. Re:Bitterness by Anonymous Coward · · Score: 0

      I see a lot of bitterness on Slashdot about the U.S. political system: the sentiment that all the politicians are bought by moneyed interests and are at best indifferent, at worst actively hostile, to the needs of the person in the street or the country as a whole. I see the "Occupy<Location>" protests as expressing the same sentiment.

      At this point I think it's more important to build consensus about the need for action, than to determine a specific course of action.

      I 100% agree. Posting a list of grievances, and bringing more attention to the 'important issues' (this varies individual to individual, but much overlap occurs) is the FIRST step towards working towards solutions. If you don't know what the problem is, how in the hell can you propose a solution? THIS is why the protesting is going on; and it makes my heart all warm and fuzzy inside.

    4. Re:Bitterness by sonicmerlin · · Score: 1

      It's about altering the "debate" honestly, to wrest control away from the corporate-controlled media and the easily manipulated Tea Partiers.

    5. Re:Bitterness by Anonymous Coward · · Score: 0

      This.

      The Arab Spring worked b/c all facets of those societies coalesced to solve one major problem that was blocking their way. Now they get to sort out their factions and their preferences and do the whole messy democracy thing.

      For OWS to accomplish anything there needs to be a consensus bigger than the 45% who vote for D or R in the elections. Once that is formed, the specific course of action will be easy. Personally I think "get the money out of politics" and "give us back our country" would be a core everyone could agree on.

      Unfortunately the media will seek a comfortable narrative to put them in (the left wing tea party), pigeonhole them and quite probably prevent a 60%+ consensus from forming. Contrary to popular belief that isn't a conspiracy, it's a for-profit media doing their jobs.

    6. Re:Bitterness by Anonymous Coward · · Score: 0

      With a system where thousands of people can donate to one politician, and if they [the politician] happens to take illegal contributions -- they go after the contributor. There is something wrong with that.

      The problem is:

      Money. Why should a Senatorial candidate for New York be allowed to take political campaign contributions from people living in California? The seventeenth amendment changed it so that Congressional Senators are elected by popular elections in the state. Before then, States had the say so on how they came up with their Senator. Trouble with this was that Senators voted and did things for their state. So states had the power like in the 10nth amendment power.

      What do the Occupy want:

      They want free education -- and they want to pay teachers more.

      They want to do away with capitalism -- and they want their iPods, iMacs, LCD TV, Blue Ray players.

      They want socialized health care -- and they want state of the art procedures and facilities.

      They want to do away with the Constitution -- and they want their free speech and freedom.

      They want to do away with the military -- and they want to be safe and secure and protected from the evil Arab.

      They want the rich to pay more in taxes -- and they want more jobs.

      They want to do away with the Federal Reserve -- and they want their ATM's and safe and secure deposits.

      They want less Government -- and they want their food safe, their environment protected, and crime held in check

      They want to be heard -- and they want you to be quite.

      What they really want though is to party. Sit in a park and point fingers at those who create and fuel Industry while they sip their Starbucks Lattes and eat their Ben 'n Jerry's ice cream and complain about how bad their lives are.

    7. Re:Bitterness by Anonymous Coward · · Score: 0

      Ahh, so you see the sentiment for the Occupy and s**t in the park crowd as the same as the Tea Party? Obama and crew cater to the moneyed interests, the trial lawyers and Wall Street more than any recent occupant of the WH, while making speeches about taking from the rich and giving to the poor.

    8. Re:Bitterness by AP31R0N · · Score: 1

      1. Both parties in Congress have become largely unresponsive, over the past decade at least, to the will of the people.

      The people, by an large, don't understand what's wrong, much less how to fix it. Out of the thousands participating in OWS and it's offspring, i bet not a one knows how money is created (out of debt), why it's such a problem (runaway inflation, consolidation of wealth) or how to fix it (Monetary Reform Act).

      It's more than most people can fathom, let alone care about. :(

      i hope OWS might be the beginning to change that.

      --
      Utilizing the synergization of benchmark e-solutions to pre-workaround action items!
    9. Re:Bitterness by mcguiver · · Score: 1

      Doing something about gerrymandering would be useful, but they would still find ways around the law. The easiest, most direct approach would be term limits. Let senators run for 2 terms and representatives run for 3. That way no one could stay in office for more than 12 years. Then you could finally get rid of the congress critters who have been in for over 20 years and are fighting to keep the status quo. It would also make it more difficult/expensive for a particular industry to buy out a large portion of congress. At the very least would could have congress run by a different industry every 6 years. That may help with some improvement.

    10. Re:Bitterness by Altus · · Score: 1

      Its a lot easier when all your problems can be personified in one dictatorial leader. We here have a much more complicated time.

      And I suspect the people of Egypt are now finding out that their problems were much bigger than just one dictator. Certainly he had to go to even start dealing with the problems, but now they find themselves facing down a host of smaller problems and disagreements about how to fix them.

      Turns out this shit ain't easy.

      --

      "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

    11. Re:Bitterness by Anonymous Coward · · Score: 0

      You're totally right about the gerrymandering. California took redistricting out of the hands of the legislature. The redrawn electoral districts -- not finalized yet as far as I know -- are expected to be much more competitive.
      On the other side, check out this New Yorker article about North Carolina -- http://www.newyorker.com/reporting/2011/10/10/111010fa_fact_mayer (don't know why I can't insert a link here). Claim is that "conservative" Art Pope is pumping millions into state races, including in support of the usual fact free attack ads, with the goal of loading the North Carolina legislature with right wing ideologues, who will then redraw congressional districts to give a disproportional weight in the US Congress to their brethren.

  19. Re:Sick of it... by Anonymous Coward · · Score: 0

    Obama wanted a class war and now he's got it.

    There's nothing I can say without provoking someone on the "other side" into an ad hominem attack. Dialog, or what remained of civil dialog, on any of these matters is pretty much suspended until after the 2012 elections.

    Suck off, pick a side you a-hole. Either way, I hate you.

  20. Professor Chaos by spblat · · Score: 1

    Just saw South Park S06E06 last night (Professor Chaos). Butters is feeling bummed and rejected and isolated and ignored and vows to disrupt life as we know it for everybody. And the power he's revolting against doesn't even notice.

    So it will be with these protests unless and until a clearer message comes together, and until protests here and there turn into a real nationwide movement that wields genuine political power.

    1. Re:Professor Chaos by sjames · · Score: 1

      These things don't happen over night. However, it's gone from a couple of sleeping bags on Wall Street to protests in multiple cities. The media has done it's best to downplay things, but is slowly being forced to admit it might be more than a handful of people.

      The protest on Wall Street has already gotten mention in DC (just mention). The Teamsters have pledged support.

    2. Re:Professor Chaos by Anonymous Coward · · Score: 0

      What clear message would you suggest and, more importantly, what do you plan on doing to change anything? Or are you perfectly comfortable with the status quo and criticizing anyone who stands up for themselves?

  21. Globalism and technology by jothar+hillpeople · · Score: 1

    Back in 1976, Jobs and Woz made their own computers. Today, the iStuff is made in China- nothing is manufactured in America anymore. A lot of Furthermore, technology and globalization has made many other jobs obsolete. We need less secretaries, lawyers, accountants, etc. The resulting drop in employment means government can't continue expanding at union-friendly paces, and government workers are forced to be laid off or give back gains. Years ago, people predicted the 3-hour workday from all the technology . Instead, a lucky few work full-time and the rest are unemployed. This is progress. The singularity is coming because we can't afford to be humans anymore. It's much cheaper to exist in an online-only version.

    1. Re:Globalism and technology by StillNeedMoreCoffee · · Score: 1

      Yes a conundrum, will supporting jobs in other countries benefit us? Well it benefits the owners of companies but not the ones thrown out of a job. And all those innovations, productivity is up but people are fired, so technology can be a double edged sword (but not for the owners). The Union friendly pace, well with the extending out of the upper end of the economic spectrum in this country (300 to 400 times the salary of the lowest paid for the highest paid). Unions will naturally become popular again when people figure out that they have been being screwed and cheated and sold a bill of goods for decades and as Lincoln once said, you can't fool all the people all the time. The inevitable pendulum is starting to gravitate back in the other direction. The protests by the 99% are the first creaking of the gears changing direction.

    2. Re:Globalism and technology by isaachulvey · · Score: 1

      Instead, a lucky few work full-time and the rest are unemployed.

      In case you weren't sure... Unemployment in the United States is at 9.1% or 13.967 million people as of August 2011. The "lucky few" you are referring to total 139.627 million people. (Source)

      Facts speak louder.

      --
      Isaac
    3. Re:Globalism and technology by Duhavid · · Score: 1

      "Years ago, people predicted the 3-hour workday from all the technology . Instead, a lucky few work full-time and the rest are unemployed"

      It worked out... On average. The problem was expecting the top of the pyramid to make room for the bottom.

      --
      emt 377 emt 4
    4. Re:Globalism and technology by Myopic · · Score: 1

      Who wants to manufacture iPods? Wouldn't people rather be educated, and then DESIGN AND ENGINEER iPods?

      Actually those are rhetorical questions, because the answer do "wouldn't people rather be educated" is "no".

    5. Re:Globalism and technology by SQL+Error · · Score: 1

      You're welcome to become an expert in distributed systems optimisation. I don't want to work 80 hours a week. If you start studying now, you'll be ready to take on my job sometime around 2036.

    6. Re:Globalism and technology by Duhavid · · Score: 1

      I was referring to the people out of work.

      --
      emt 377 emt 4
  22. Clueless by bigmattana · · Score: 1, Insightful
    1. Re:Clueless by Anonymous Coward · · Score: 0

      Yes, because advocating people be just a bit less greedy(via government regulation if needed) is EXACTLY THE SAME AS COMMUNISM.

    2. Re:Clueless by The+Plebe · · Score: 1

      Really? You really think this pretty well sums it up? I bet you think this is really clever and totally shows up those dumb hippy protesters because of their clueless hypocrisy. Look! They're using things made by CORPORATIONS but don't even realize it and they say they hate CORPORATIONS! Ha! Snort! What dumbasses! Sweet Jesus on a Pogo Stick man, you do realize that 99% of corporations are made up of people in the bottom 99%, right? That these people have a problem with the rich, entitled leaders of just SOME corporations that are sticking it to everyone else, right? Not the actual companies themselves. Right?

    3. Re:Clueless by Chineseyes · · Score: 2

      That picture is clueless, they aren't opposed to corporations, they are opposed to crony capitalism.

      --
      I think the invisible hand of the market has its middle finger extended

      --A wise old fart named SC0RN
    4. Re:Clueless by StillNeedMoreCoffee · · Score: 1

      Haven't had time to deconstruct the claims on that blog, but it is true the the country is owned by us people and the government has to employ a lot of people, and of course as a big institution (not company) it had insurance and pension plans for its workers, just like some (not all ) companies. We, of course own the common lands in our country, not the government, they are public lands. It may seem like a subtle difference but its not. I would venture to say that the ultra rich, those 'job creators' who have been finding very creative ways of sucking the life out of our economy and pulling themselves into gated communities where they don't have to deal with the impacts of their greed. There is no cluelessness in the protests, they are not pro-government, they are not socialist as you seem to suggest. They are about regulation of greed and patriotism (that would be defined as those things that benefit the country as a whole, its people as a whole) . We had regulations in place and higher taxes in place and had unparalleled periods of prosperity, and even government surpluses. So the clueless part is those that think the deregulation (Enron, World-Com, Savings and Loan crisis, Madoff , the lastest crash from the Derivatives ....) and tax breaks for the 'job creators' (they have had them for the last 10 years and we have not seen any evidence that giving them those breaks created job one), will have any positive effects except for those at the top of the economic pyramid scheme.

    5. Re:Clueless by sjames · · Score: 1

      So what's your alternative? Should they just walk there naked and unshaved? communicate by smoke signals (using their bodies to modulate the smoke)? It's not exactly possible to participate at any level in society without buying something from some large corporation somewhere.

    6. Re:Clueless by Anonymous Coward · · Score: 0

      When was this golden age of higher taxes and property? I assume you mean the Clinton years before the dotcom bust. This would clearly show your ignorance of economics.

    7. Re:Clueless by WillDraven · · Score: 1

      Ahem...

      Protesters: "Evil corporations control everything!"

      You: "Look, you are using things made by corporations!"

      Protesters: "Well, no shit, we just said THEY CONTROL EVERYTHING."

      You're basically making the same argument as those jerks who say stupid things like "if you don't like your country then you should just leave!"

      One does not have to completely opt out of society and live naked in the woods in order to disagree with the way it is being managed.

      --
      This is my sig. There are many like it but this one is mine.
    8. Re:Clueless by Anonymous Coward · · Score: 0

      How does your shit get modded insightful? Man... First of all this commenter is SEVERELY distorting the message. I wouldn't be surprised if he is conservative.

      See here;

      http://www.youtube.com/watch?v=6yrT-0Xbrn4

    9. Re:Clueless by Bucky24 · · Score: 1

      I imagine a lot of people where I live would protest that way if they thought anyone would take them seriously.

      --
      All the world's a CPU, and all the men and women merely AI agents
  23. Incoherant progressive astroturfing by Bodhammer · · Score: 0

    It feels manufactured and the fact that unions are supporting it make it all suspect to me.

    --
    "I say we take off, nuke the site from orbit. It's the only way to be sure."
    1. Re:Incoherant progressive astroturfing by cobrausn · · Score: 1

      This movement, like the tea party movement before it, is about to get co-opted by the establishment, and then it's just background noise.

      --
      How does it feel to be a liar with pants constantly on fire?
    2. Re:Incoherant progressive astroturfing by sjames · · Score: 1

      Why wouldn't the unions be involved? Their membership has traditionally supported exactly the same ideas that the occupy movement has. They weren't asked specifically to join, they just pledged support of their own accord.

      At least their message is more consistent than the tea party.

  24. Unequivocal support by Hatta · · Score: 5, Insightful

    These people are the best chance we've had to turn around a country that's been headed in the wrong direction for at least the past 30 years. We live in a country where Goldman Sachs can commit thousands of acts of felony perjury, and not one person stands trial. They create fraudulent financial instruments, and pay back a small portion of their ill gotten gains as "fines" (bribes). Yet if I were to write a bad check to cover some groceries, I'd be going straight to jail. There's no way to describe this but tyranny.

    Barack Obama, the greatest hope in a generation, is either unable or unwilling to do anything about this. If he's unwilling we have a severe political problem. He was elected to bring us change he refuses to deliver, and we have no way to hold him accountable.

    On the other hand, if he's unable, we have a much more serious problem. That means democracy is well and truly dead in this country. The corporations have a complete stranglehold on our government. Unfortunately, this is more likely to be the truth.

    --
    Give me Classic Slashdot or give me death!
    1. Re:Unequivocal support by Anonymous Coward · · Score: 0

      ****** Barack Obama, the greatest hope in a generation, is either unable or unwilling to do anything about this. If he's unwilling we have a severe political ****** problem. He was elected to bring us change he refuses to deliver, and we have no way to hold him accountable.

      Did you ever stop to consider that maybe, just maybe, Barrack Obama is a corrupt Chicago politician who took a lot of money from Goldman Sachs during the last election, had the chairman of GS to the White House a bunch of times, and used them as a poster child of evil corporate practices in order to push his financial reform package? think he is still friends with Goldman even as he eggs on the protest? Most assuredly.

      The 99% crowd is getting used by the liberals to push their agenda, using union organizers and activists to steer the masses their way.

      I agree corporations have too much influence, but attacking Wall St. business makes less sense than marching on Washington to demand:
      1. term limits for all elected officals.
      2. outlaw lobbyists, period. why do they get more opportunities to speak to elected officials than an average citizen?
      3. don't allow corporate campaign contributions.

    2. Re:Unequivocal support by Anonymous Coward · · Score: 0

      Why would Obama want to prosecute Goldman Sachs? They were his biggest campaign contributor, and as soon as he was elected he ditched his real economic advisor for one of their kin.

      The thought of president McCain being succeeded 3 months later by "President Palin" due to a heart attack, should've given anyone with with a lick of sense enough reason to vote for Obama in 2008, and on a fair number of issues he hasn't done too horribly. But let's not pretend he wasn't fairly forthright about being a center-right corporatist ("most librul liberal who ever libbed a lib" BS not withstanding), and that the hundred-plus "present" votes weren't a warning sign of milquetoast.

    3. Re:Unequivocal support by Hatta · · Score: 2

      attacking Wall St. business

      Fraud is not legitimate business. Wall Street is nothing more than organized crime, and should be treated as such. Obama could file criminal charges against the board of Goldman Sachs under RICO today. The fact that he hasn't only highlights the corruption in his government.

      --
      Give me Classic Slashdot or give me death!
    4. Re:Unequivocal support by Anonymous Coward · · Score: 0

      Mod Up!!!

    5. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      These people are the best chance we've had to turn around a country that's been headed in the wrong direction for at least the past 30 years. We live in a country where Goldman Sachs can commit thousands of acts of felony perjury, and not one person stands trial. They create fraudulent financial instruments, and pay back a small portion of their ill gotten gains as "fines" (bribes). Yet if I were to write a bad check to cover some groceries, I'd be going straight to jail. There's no way to describe this but tyranny.

      Barack Obama, the greatest hope in a generation, is either unable or unwilling to do anything about this. If he's unwilling we have a severe political problem. He was elected to bring us change he refuses to deliver, and we have no way to hold him accountable.

      On the other hand, if he's unable, we have a much more serious problem. That means democracy is well and truly dead in this country. The corporations have a complete stranglehold on our government. Unfortunately, this is more likely to be the truth.

      Barack Obama who received more campaign contributions from Goldman Sachs than any other politician and then hired Goldman Sachs executives into his Administration left and right is your great hope to address problems that you identify as originating with Goldman Sachs?

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    6. Re:Unequivocal support by Hatta · · Score: 1

      Barack Obama who received more campaign contributions from Goldman Sachs than any other politician and then hired Goldman Sachs executives into his Administration left and right is your great hope to address problems that you identify as originating with Goldman Sachs?

      Yes, that's the fundamental conflict I'm raising. I use the phrase "greatest hope in a generation" to describe Obama in order to illustrate how little hope we have. Does that make sense now?

      --
      Give me Classic Slashdot or give me death!
    7. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      The thing is, I do not understand why you had any hope in him in the first place. He had never done anything. At every level up to his Presidential campaign, as soon as he got elected, he started working at moving up to the next level. He never bothered to attempt to make any positive changes at that level. Of course, that is a metaphor for what is wrong in this country, too many people do not want to spend the time and effort to convince the majority of the rest that a:) the problem they see is really a problem or b:) that the solution they propose for the problem is the best one to try. They just want to go to the voting booth and pick the "best" candidate for President and then let that person fix it.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    8. Re:Unequivocal support by Hatta · · Score: 1

      Personally, I didn't. I'm not an Obama voter. Still, he did inspire more hope than any president I've ever seen. People needed hope badly, and Obama was a blank slate. He's not a blank slate anymore, and people need hope even more than they did in 2008. It's going to be interesting to see how it manifests itself this time.

      --
      Give me Classic Slashdot or give me death!
    9. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      The problem is that too many people are convinced that all they need to do is show up every four years and pick the right guy for President and all of the problems will be solved. That is actually the problem I have with many of the "Occupy" protesters, they do not appear to want to do the many years of hard work it takes to fix problems.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    10. Re:Unequivocal support by sonicmerlin · · Score: 1

      Uh.... no. Far more likely is that Obama is unwilling, not unable. You're a moron if you still believe Obama ever cared about the common man. Look who he appointed to his economic advisory board. Look at how he started parroting right-wing talking points over the "deficit" and ignored jobs. Look at how he ignored economic advisors about the original stimulus size. Fracking wake up, Obama is corrupt.

    11. Re:Unequivocal support by Hatta · · Score: 1

      What do you think they're doing now? They're trying, they could use some support. And some help! If everyone who was supportive in principle, but critical of the way this is being done would go down and participate, it would be a lot more effective. Don't let the perfect be the enemy of the good.

      --
      Give me Classic Slashdot or give me death!
    12. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      Supportive of what? What does this movement stand for? It appears to be protesting that Wall Street accepted money that the politicians gave them and that Wall Street is not paying off the protesters student loans. What are they trying to accomplish? In order to gather support, you need to have goals that people are willing to support. I have yet to hear a coherent set of goals put forth by the "Occupy" movement.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    13. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      Sorry, to reply a second time, but I forgot to answer your question. The answer is, I have no idea what the "Occupy" protesters are doing now. They are making a lot of noise, but I have yet to see what it is they wish to accomplish.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    14. Re:Unequivocal support by Anonymous Coward · · Score: 0

      the latter seems to be the case. I see no end to this unless the people are willing to give up their lives of luxury and stand up for what this country was founded in. I am realist and predict they will continue to do what they have done, until it becomes too late and we are all screwed. So if anybody has any plans you better start now or don't be crying with they come to bag and gag the people who are different or don't agree with the party line.

    15. Re:Unequivocal support by ScentCone · · Score: 1

      We live in a country where [blah blah] and not one person stands trial

      So why aren't these clowns protesting the administration that's choosing not to prosecute people over the evidence that you obviously have already collected showing specific crimes by specific people? If it's that easy for you to have proof that a given person should be in jail, and nobody under Eric Holder has managed to come up with that information, then surely you've passed it along? So, isn't it Eric Holder and his boss that should be getting protested, instead of these idiots marching away from the White House, and try to muscle into the Air & Space Museum?

      Yet if I were to write a bad check to cover some groceries, I'd be going straight to jail

      Actually, you'd be charged $25 by the grocery store, and probably $30 or so by your bank. You know, a fee for being dumb with money.

      He was elected to bring us change he refuses to deliver, and we have no way to hold him accountable.

      No, he was elected precisely because he refused to be specific about what change it was, and a whole lot of non-critical-thinking people just used him as a blank canvas for their every wish, which is exactly how he played them. And, no way to hold him accountable? You are aware that he's now spending every day campaigning for an election a year from now, and you can choose not to fall for the same game twice, right?

      On the other hand, if he's unable, we have a much more serious problem. That means democracy is well and truly dead in this country

      Unable to do what, precisely? Deliver on vague, empty hopey changey promises? How does his inability to deliver something that he never defined mean that democracy is dead? He got elected because democracy is alive. Congress just changed hands because it's alive. People who don't like him may very well relieve him of his current job because it's alive and well. If you're not happy about the law enforcement decisions of his AG (who is currently being called out on his direct, purposeful lies to congress about his department's clumsy gun running bust misadventures), then encourage people to protest that guy's boss and his odd decision making in that area.

      The corporations have a complete stranglehold on our government. Unfortunately, this is more likely to be the truth.

      No, ulitmately that continues to be the same juvenile cartoon villain nonsense that lefties keep trotting out in order to avoid confronting the staggering incompetence of people like Nancy Pelosi, Harry Reid, and Obama.

      --
      Don't disappoint your bird dog. Go to the range.
    16. Re:Unequivocal support by Anonymous Coward · · Score: 0

      On the other hand, if he's unable, we have a much more serious problem. That means democracy is well and truly dead in this country.

      Obama could do a very simple thing that would go a step toward reviving democracy: veto EVERY bill that crosses his desk. In order for Congress to accomplish anything, they will need a 2/3rds majority in order to override the President's veto. Only those bills which can gain a super-majority would be passable.

      Of course there would be foot stomping and blaming from both sides about how he's "destroying America," he just needs to ignore that. Of course, this will never actually happen, but I can dream about it.

    17. Re:Unequivocal support by Anonymous Coward · · Score: 0

      You do have a way to hold him accountable. Vote for someone else in 2012.

    18. Re:Unequivocal support by Anonymous Coward · · Score: 0

      Barack Obama, the greatest hope in a generation,

      Cough, Choke, Vomit.

      He was elected to bring us change he refuses to deliver,

      Check the value of the dollar and the state of the job market; there has been change. Sorry you don't like it but it's somewhat predictable from his policies. He tried to redistribute wealth. He only destroyed wealth. That hurts poor people the most.

      ...we have no way to hold him accountable.

      Vote Tea Party.

    19. Re:Unequivocal support by ifiwereasculptor · · Score: 1

      An enourmous group showing dissatisfaction can be very powerful, even if such dissatisfaction isn't outlined or even homogeneous.

    20. Re:Unequivocal support by MtViewGuy · · Score: 1

      And their solution? Just about outright Communism.

      Sorry, not buying their solution, especially since as a small child I lived through what Communist sympathizers did to Hong Hong in 1967 during the height of the Cultural Revolution in nearby China. I think Eastern Europeans 35 and older who can remember Communist rule agrees with me, too.

    21. Re:Unequivocal support by Anonymous Coward · · Score: 0

      We live in a country where Goldman Sachs can commit thousands of acts of felony perjury, and not one person stands trial. They create fraudulent financial instruments, and pay back a small portion of their ill gotten gains as "fines" (bribes). Yet if I were to write a bad check to cover some groceries, I'd be going straight to jail. There's no way to describe this but tyranny.

      I really like this quote. It "feels right" based on my limited knowledge. But I need some evidence of the claims that are made in it (and not just some links to conspiracy theorist sites). Otherwise it is really just political charlatanry like everything else.

    22. Re:Unequivocal support by Corbets · · Score: 1

      These people are the best chance we've had to turn around a country that's been headed in the wrong direction for at least the past 30 years. We live in a country where Goldman Sachs can commit thousands of acts of felony perjury, and not one person stands trial. They create fraudulent financial instruments, and pay back a small portion of their ill gotten gains as "fines" (bribes). Yet if I were to write a bad check to cover some groceries, I'd be going straight to jail. There's no way to describe this but tyranny.

      Or exaggeration.

      Barack Obama, the greatest hope in a generation, is either unable or unwilling to do anything about this. If he's unwilling we have a severe political problem. He was elected to bring us change he refuses to deliver, and we have no way to hold him accountable.

      On the other hand, if he's unable, we have a much more serious problem. That means democracy is well and truly dead in this country. The corporations have a complete stranglehold on our government. Unfortunately, this is more likely to be the truth.

      You're assuming, of course, that everyone voted for him to change the system the way you see fit, and that his mandate from the many millions of people who voted for him is identical. I voted for him, and I don't want a knee jerk reaction to a couple thousand protestors resulting in a collapse of our economy. You certainly have the means to hold him accountable - if you can find enough people that agree with you.

      People are smart enough to recognize rhetoric - tone it down and focus on facts, and you might actually achieve something.

    23. Re:Unequivocal support by Anonymous Coward · · Score: 0

      I don't really think Goldman Sachs has committed felony perjury. Carl Levin said something to that effect, and it was shot down pretty quickly when people dug into his numbers. There is one guy named Fabrice Tourre standing trial, and many others named by name in lawsuits, like the recent one by the FHFA, who will have to settle or go to trial. The SEC fines you refer to aren't bribes since no one in the SEC actually gets that money.

      Goldman Sachs makes more money per employee than any other bank, so they must be doing something evil, but you could at least make legit criticisms of them instead of making stuff up.

    24. Re:Unequivocal support by Anonymous Coward · · Score: 0

      Good points.

      None of which have jack shit to do with Wall Street.

      Barack Obama, the greatest hope in a generation, is either unable or unwilling to do anything about this. If he's unwilling we have a severe political problem. He was elected to bring us change he refuses to deliver, and we have no way to hold him accountable.

      You know, there is a thing called Congress which acts as the Legislative branch of the government. Not the President. If you put your hopes in the Executive branch to pass Legislation then I'm sorry, but you're a fucking idiot.

      These people need to be in Washington, DC, not New York. And they need to stop whining and start doing something other than demanding that somebody else fix the problems they have caused through their own complacency. I blame a lot of this on lack of Education, specifically in regards to how our government operates. How many of these people rallied during their Senate and House elections, how many of them are asking for Recalls of the people THEY elected to represent them?

      No, this is a small group of people who are used to Mommy and Daddy wiping their asses, and instead of growing up and doing something for themselves, they are just asking for a different set of surrogate parents to continue wiping their asses.
      Don't like banks, use a credit union. Don't like the Regulatory framework, get active in the election process and if you really ARE the "99%", you'll have no problem getting someone in Congress who WILL vote for what you want. Don't like corporations, stop shopping at Wal-Mart and buying iPhones. The solutions here are all in these people's hands already, they just have chosen to take the easy way and bitch instead of actually doing anything about it. Well, other than shit all over a private park in NY.

    25. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      An enourmous group showing dissatisfaction can be very powerful, even if such dissatisfaction isn't outlined or even homogeneous.

      But not nearly as powerful as a somewhat smaller group that knows what they want to accomplish. Additionally, the power of such a group as the "Occupy" movement can very easily be harnessed by cynical politicians to make things worse. The Democratic Party is right now attempting to harness the "Occupy" movement, yet the some of the very politicians who are cozying up to it are among the ones most responsible for the circumstances that the "Occupy" movement is protesting.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    26. Re:Unequivocal support by Hatta · · Score: 1

      You're right. They don't have a focus, yet. The problem is that the problems with our society are everywhere. Do you focus on campaign finance? Do you focus on corporate crimes? Do you focus on the erosion of our bill of rights? ALL of these things are vital issues, it's hard to know where to start. Right now, the most important thing is getting attention, and building solidarity. There's a whole year before the next election.

      None of these people have done this before. But damn it, at least they care enough to get out there. That's more than I can say for you and the other nay sayers.

      --
      Give me Classic Slashdot or give me death!
    27. Re:Unequivocal support by ifiwereasculptor · · Score: 1

      If it's a small group with a single demand, marching against a specific law or against an arrest, sure. But when you're essentially protesting against the economic status quo, how specific can you get? You're showing discontent with the staggering financial inequality, with the use of taxes to support private institutions, with what those institutions represent, being economic leeches that create only virtual wealth, with sold politicians that aren't looking out for you like they should. Maybe you can relate to only one of those points, maybe to all, maybe to some other that I have missed. There's no simple, short way to sum up the sentiment other than "fuck Wall Street". And I can relate to that. I think an overwhelming majority of people can, and such social and political unrest has to manifest itself to keep the folks in charge on their toes, else the current system will never end nor work.

      As for politicians trying to own or harness political movements, that cannot be stopped. That's simply what they do. Not only political movements, but also religions, feelings, philosophies and whatever they can turn into support by getting people to relate to them. That's the most fundamental flaw of the representative system we share and why politicians lie.

    28. Re:Unequivocal support by Anonymous Coward · · Score: 0

      They are still more powerful than those who do nothing.

      As to possibility of being manipulated, that's just second guessing yourself to inaction, would just mean the status quo remains, and I don't think the people in the movement are enjoying the status quo very much.

    29. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      The people who did the French Revolution "cared enough to get out there" and that did not turn out so well.
      Were you supportive when the tea party movement "cared enough to get out there"? They had a plan. Their plan was to reduce government spending, especially money being given to corporate giants. Their plan called for Congress to identify what provision of the Constitution gave it the authority to pass any new law. It called for the government to work towards a balanced budget. It called for the government to simplify the tax code.
      What is the plan of the "Occupy" movement? I am sorry, I am not willing to "stand in solidarity" with a group until I know what the group stands for. So, I will repeat, what does the "Occupy" movement stand for?

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    30. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      There's no simple, short way to sum up the sentiment other than "fuck Wall Street".

      The problem with this is that the locus of the problem with Wall Street is in Washington, not on Wall Street, or the business districts of other cities. I have seen that at least some of the "Occupy" protesters are calling for the government to gather more power to itself to fix problems that result from the government abusing its power. That is the problem I have with this movement, too many of the protesters want to give more power to the people who caused the problems by abusing the power they already have.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    31. Re:Unequivocal support by Hatta · · Score: 1

      The people who did the French Revolution "cared enough to get out there" and that did not turn out so well.

      It was bad, but France is better for having the revolution. Also, there's no one to blame but the aristocracy.

      Were you supportive when the tea party movement "cared enough to get out there"?

      Yes, until it became clear that they really didn't mean it. I still feel that we have more in common with that part of the Tea Party that hasn't been co-opted by Fox than either party in office.

      What is the plan of the "Occupy" movement? I am sorry, I am not willing to "stand in solidarity" with a group until I know what the group stands for. So, I will repeat, what does the "Occupy" movement stand for?

      Returning the power to the 99% of us who should rightly hold it in a democracy.

      --
      Give me Classic Slashdot or give me death!
    32. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      Returning the power to the 99% of us who should rightly hold it in a democracy.

      Well, that is really easy to accomplish. Get involved in local politics. Go to your local Township Supervisors' meetings and County Commissioners' meetings. What are these people doing in New York (or Chicago, or San Francisco, whatever city) unless they live there? They should be expending this energy where they can actually make a difference in their local political scene. If you get involved with local politics, you will get to know people from other local community political groups, then you can work together to change things at the state level. The most effective way to fix the sorts of problems we have with our political system in this country is to get involved locally.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    33. Re:Unequivocal support by Hatta · · Score: 1

      People have been working within the system for decades, and look where it's gotten us. These protests are what it means to get involved with democracy when our political system has failed us. "Get involved with local politics" is such a useless answer. How is that supposed to get the board of Goldman Sachs tried for their crimes? How is that supposed to get the Supreme Court to stop making blatantly incorrect decisions?

      Suppose these people did run for local office. How are they going to compete with the corporate candidates with no money? How are they going to get the attention of the people who support them without advertising? Well this is how! This is how the people demonstrate that there's a large underserved constituency.

      You do have a point though. This is an army without a general. However, the right thing to do is not tell them to give up, the right thing to do is to find them a general.

      --
      Give me Classic Slashdot or give me death!
    34. Re:Unequivocal support by Anonymous Coward · · Score: 0

      I know it's ironic for an AC like me to say this: but leading by example is far better than spewing theory on /.

      Apply your own theory, the best thing for YOU to do is to walk up to those "Occupy" people in person and talk to them. Tell them what you think they should do, and why. Listen to what they have to say in return, and go from there.

    35. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      Most of these people have been involved with politics for at most 4 years. It takes a lifetime of work to change things. They are out there saying ,"We voted for a guy we knew nothing about who promised he would fix everything. It turns out he is even more in the pockets of the moneyed interests than the other guy that we didn't like because he was old and uncool. We demand that you fix it for us."
      I am not telling them to give up. I am telling them to stop throwing a temper tantrum and start doing the hard work that is necessary to fix things.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    36. Re:Unequivocal support by Hatta · · Score: 1

      This is part of that hard work. This is how we make our voices heard without catering to the monied interests. Organizing is the first step. Showing the country that we care, and we're serious, will make it a lot easier for populist candidates to run in 2012.

      I don't see what's so hard to understand about that. It seems to me that you're the one who is unwilling to put in the hard work.

      --
      Give me Classic Slashdot or give me death!
    37. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      Showing the country that we care, and we're serious, ...

      Care about what? serious about what?

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    38. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      Oh yeah. I wanted to ask you about this ad...http://www.powerlineblog.com/archives/2011/10/help-wanted.php How many of the people are there because someone is paying them?

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    39. Re:Unequivocal support by Hatta · · Score: 1

      Giving power back to the lower 99% of us. I thought we covered this already.

      --
      Give me Classic Slashdot or give me death!
    40. Re:Unequivocal support by Hatta · · Score: 1

      How many people are not there, because they can't afford to leave their jobs? Economic incentive to protest works both ways, if you're going to complain about one you should complain about the other.

      --
      Give me Classic Slashdot or give me death!
    41. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      This portest does not accomplish that. The way to accomplish that is to get involved in local politics. Of course, I, also disagree with the premise that these lily-white protesters represent 99% of the population.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    42. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      The question is, where is the money coming from to pay these people to protest? Whose agenda is benefiting from these protests? The Working Families Party has close ties to ACORN, which has close ties to Obama.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    43. Re:Unequivocal support by Anonymous Coward · · Score: 0

      Your question was "care about what? serious about what?"

      You didn't ask whether what they do will accomplish what they want.

      Maybe you're just ignoring AC comments as I've said this already: how about you go out there yourself and talk to the protestors, and preach your "get involved in local politics" message?

      It's hilariously ironic (and I know it applies to me) how someone who's sitting on /. not getting involved in anything is telling other people to get involved

    44. Re:Unequivocal support by Hatta · · Score: 1

      How is a guy who graduated college in 2008 and has been unemployed for 2 years going to run for office? You need resources for that. You need networks of supporters. You need people to donate money, so you can buy ad time. Even for local office.

      No one is going to donate to an individual in those circumstances without a damn good reason to believe that they have a chance of winning. A huge demonstration from this demographic is exactly the kind of reason people need to invest in a candiate. And the people are out there, practicing their oratory. The talented ones will get noticed, and be in a much better position to run for office in 2012. This protest is all part of the process.

      These protestors may not represent the lower 99% perfectly, but they do a lot better job than their elected representatives have done.

      --
      Give me Classic Slashdot or give me death!
    45. Re:Unequivocal support by Attila+Dimedici · · Score: 1

      There are other ways to get involved in local politics than running for office. Go to Township Supervisor meetings. Go to County Commissioner meetings. Make appropriate, well thought out comments during the times when they open for public comment. Get to know the local politicians, so that you know whose judgement you can trust.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    46. Re:Unequivocal support by Hatta · · Score: 1

      And then you just get ignored. They're a little harder to ignore now. That's the point of this protest.

      --
      Give me Classic Slashdot or give me death!
    47. Re:Unequivocal support by ifiwereasculptor · · Score: 1

      I don't get this endless "more power to the government" vs "less power to the government" debate. People should focus on what the right powers should be, not on what adds or subtracts from an unquantifiable total. And if we're going to point out a single source for the problem, then it isn't Wall St. and it isn't Washington. It's money. In a land where money is king (and it always is anywhere, since it, like the joker in a deck of cards, is anything you want it to be, anytime you wish to use it), whoever has a lot of it eventually gets to create or steer the rules and regulations. The Washington - Wall St. interaction is a symptom, and the one causing the most discomfort. As for where the protest should be, that I don't think I could easily answer. Both places are good enough, I guess, but Wall St. is profiting a lot more openly from all the mess, so it's probably better.

    48. Re:Unequivocal support by Anonymous Coward · · Score: 0

      You should probably take a look at "the greatest hope"s choices in economic advisors before you back him. You might change your mind about that statement.

    49. Re:Unequivocal support by Anonymous Coward · · Score: 0

      Look at Obama's foreign policy compared to his domestic policy and how successfully he has managed affairs externally. Why is this the case? Because the President has a huge amount of power in foreign policy, while he has to go through Congress with domestic policy. Congress is controlled by Republicans.

  25. It's a good start by JoeCommodore · · Score: 1

    It may not phase the rich but it sure makes a statement to the politicians. By hanging out at Wall Street, financial dists, etc. It lets the common folk put an arrow at where many of us believe where the problem is located, I applaud that thought.

    Iv'e heard some of the politicians say hang out at the white house, etc. That does not highlight the source of the problem from my perspective.

    --
    "Enjoy what you're doing! If it becomes drudgery, you're doing it wrong!" - Jim Butterfield
    1. Re:It's a good start by Anonymous Coward · · Score: 0

      My suggestion for all of the anti-corporation types is:
      1) Dump all your conspicuous consumption (The picture in the previous post points out conspicuous consumption).

      2) Get rid of all the trappings that corporations and the alike present to you, and try to get you to buy (again the picture in the previous post points out the trappings of corporations).

      3) Simplify your lives by not buying the crap that the corporations are pushing.

      I know that very few of the people that are protesting Wall Street will take, face it you klike the toys and trappings that corporations produce for you.
      Either dump the attractive and enjoyable trappings of the corporations, and take the uncomfortable and unpleasant trappings, or stop buying the attractive and enjoyable trappings of the corporations, and the uncomfortable and unenjoyably trappings will fade away (the fuel of the corporations the after all the consumers money).
      The truth be known, all the protesting is the fact that people want what they want when they want it, but the total cost is something they don’t want to pay.

  26. Go Occupy Wall Street! by Anonymous Coward · · Score: 0

    I am sick with Corporations welfare and personhood. Money shouldn't equate to votes. It was not fair to bail out the financial sectors so they can bankroll bonuses to their employee, while foreclosing on the wrong houses. The Dodd's Bill passed and there is no funding to enforce it at all, the reforms for the financial sector is effectively dead, it's just so frustrating that the Corporations have so much power over Government.

  27. The protests are.... odd. by NeutronCowboy · · Score: 2

    They finally made it to San Francisco. But they either moved away from their initial location on Market Street, or were completely forced out of the city. What little I saw of them made me think that
    * the local homeless and drifters finally found something to do with their free time
    * they have no chance in hell of accomplishing anything

    Specifically, they won't accomplish anything beyond getting attention. They have hundreds of different, sometimes opposing goals. They're all upset with the status quo, but have no workable solutions. They're largely made up of young, idealistic people with little corporate or political experience. They cannot tap into any networks that carry any weight. They're doomed to be nothing but friendly protesters who will at some point run out of steam.

    To some extent, I can understand them. The system we're in is set up to benefit a very small minority (0.5%, from what I've seen actually). There's less and less economic mobility. Profits are privatized, losses are socialized. But they're not the equivalent of the Arab Spring, because they have no solution. Worse, they're pointing at the wrong people when they're asked to point at the culprits of the current situation.

    Winter is coming. It's going to be cold. Tthe tent cities will disappear. And with them, the movement. Maybe it will be reborn into something different, something with more teeth, simpler goals, and a better understanding of politics and economics behind it. That is their only real hope. I wish them well.

    --
    Those who can, do. Those who can't, sue.
    1. Re:The protests are.... odd. by SirGarlon · · Score: 1

      But they're not the equivalent of the Arab Spring, because they have no solution.

      Well, to be fair, I don't think the Arabs had a full solution either. Getting rid of Mubrarak was a necessary but not a sufficient condition for improved social and economic justice in Egypt, for example.

      --
      [Sir Garlon] is the marvellest knight that is now living, for he destroyeth many good knights, for he goeth invisible.
    2. Re:The protests are.... odd. by NeutronCowboy · · Score: 1

      That's very true. But there was a simple goal, a simple method to achieve that goal, and the goal was the required first step in their search for improved social and economic justice. These people are lacking even the first step.

      --
      Those who can, do. Those who can't, sue.
    3. Re:The protests are.... odd. by Spy+Handler · · Score: 1

      But they're not the equivalent of the Arab Spring, because they have no solution.

      Perhaps they should adopt a solution similar to the Arab Spring people (Mubarak must go):

      OBAMA MUST GO, AND ALL MEMBERS OF CONGRESS WITH HIM. Every single one.

      That would actually be a good start.

    4. Re:The protests are.... odd. by elrous0 · · Score: 1

      A left-wing protest in San Francisco?!?!? Geez, this movement really *is* different.

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    5. Re:The protests are.... odd. by NeutronCowboy · · Score: 1

      Actually, it is different - you'd think lefties in SF would be all over this. Instead, it is about as luke-warm a protest as it could be. The ones in other cities are far better attended.

      --
      Those who can, do. Those who can't, sue.
    6. Re:The protests are.... odd. by NoSig · · Score: 1

      We call that voting.

    7. Re:The protests are.... odd. by aztektum · · Score: 1

      They have no workable solutions after less than one month. Oh no, shut it down.

      Do you go into your job with a solution to all the problems you face everyday? Most places I've worked involve collaborating with colleagues, building a consensus and going from there.

      I'm not saying it will or will not fizzle. I simply find that 1-month is not enough time to judge the effectiveness of a movement that is really only beginning to take hold at all. Rome wasn't built in a day.

      --
      :: aztek ::
      No sig for you!!
    8. Re:The protests are.... odd. by Altus · · Score: 1

      Just because there isn't one big bad dictator on top? The problems that they are protesting are not so simple, not so obvious, but I suspect most of them would agree that raising taxes of the highest earners, closing corporate tax loopholes and removing the concept of personhood from corporations would be a good start.

      --

      "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

    9. Re:The protests are.... odd. by Altus · · Score: 1

      No it wouldn't, you would just get a new crop of bought and paid for politicians. If you want change, make it so that corporations are not people and cannot petition the government.

      There was all this talk about getting rid of lobbyists during the last elections, but that is problematic because lobbying is petitioning the government and it is the right of citizens. However, if corporations are not people and are not given that right most of the problematic lobbying would go away overnight and perhaps lobbying by smaller citizen groups would actually get heard.

      Obviously this isn't the only change we should be looking for, but it is one of them.

      --

      "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

    10. Re:The protests are.... odd. by fadethepolice · · Score: 1

      Specifically, they won't accomplish anything beyond getting attention. They have hundreds of different, sometimes opposing goals. They're all upset with the status quo, but have no workable solutions. They're largely made up of young, idealistic people with little corporate or political experience. They cannot tap into any networks that carry any weight. They're doomed to be nothing but friendly protesters who will at some point run out of steam. ^^ Have you gone out to any site and done a survey of them for yourself or are you just repeating what you have seen on TV?

    11. Re:The protests are.... odd. by Khashishi · · Score: 1

      Damn all of you who admit that there's something wrong but have consigned that there's nothing we can do about it.

    12. Re:The protests are.... odd. by NeutronCowboy · · Score: 1

      The issue is that they have no workable solution to problems that have been apparent for at least three years now. The topics they rail against were already being discussed when Bear Stearns went belly-up.

      This tells me that they really haven't been seriously considering the problem until they started protesting, which is a guaranteed way to have the protest fizzle.

      Do you go into your job with a solution to all the problems you face everyday?

      I'm actually expected to have a solution to the problems that I face on a daily basis. It's called having experience. Some problems I haven't experienced before, and those require more work to solve. But if it would take me three years to merely identify a problem, I would be out of a job. Either that, or the problem really is that hard, and then I wouldn't go out and picket the CEO's office. I'd suck it up and do my regular duties until I can identify a solution.

      --
      Those who can, do. Those who can't, sue.
    13. Re:The protests are.... odd. by bar-agent · · Score: 1

      If you want change, make it so that corporations are not people and cannot petition the government. ... Obviously this isn't the only change we should be looking for, but it is one of them.

      This may well be the only change we need. Without the corporations' lobbying arms, politicians will relearn how to be responsive to the will of the people in maybe two election cycles, and corporations will be brought to heel in another election cycle past that, if not sooner due to direct citizen lobbying.

      --
      i'd hit it so hard, if you pulled me out you'd be the king of britain [bash.org]
    14. Re:The protests are.... odd. by Anonymous Coward · · Score: 0

      The police kept breaking the camp and taking our things.
      We can't have a camp in san francisco parks. The city is using the police to prevent it.

    15. Re:The protests are.... odd. by Bucky24 · · Score: 1

      It's hard to do that when those on top choose who you vote for.

      --
      All the world's a CPU, and all the men and women merely AI agents
    16. Re:The protests are.... odd. by Seeteufel · · Score: 1

      I think attacking Wall St is a great idea. We also don't know what else would happen. A non-organised chaotic movement works best. Probably people do not need to gather on the streets. It's better when they work in an office and set up a website.

    17. Re:The protests are.... odd. by pablodiazgutierrez · · Score: 1

      The spark the lit the Arab spring was the self-immolation of a young man in Tunisia who was being harassed by local police for not having a street selling license. He didn't have a clear agenda either.

    18. Re:The protests are.... odd. by Anonymous Coward · · Score: 0

      I'm going to get called a right-winger for this (despite having voted Democrat all my life) and told how blind I am for pointing this out, but here goes nothing:

      A few people show up for a protest. Reports have put the marches in New York, one of the largest and most important cities in the world, at anywhere up to 20,000 (and that's generous; most high-ball estimates are around 15,000), with only a few hundred actually occupying the park (they're at Zuccotti because they couldn't actually occupy Wall Street—even the name of the protest is an exaggeration). Meanwhile, every Saturday night, up to 90,000 or 100,000 people gather in the-middle-of-nowhere college towns to watch college football games.

      Apparently more people are more concerned with football than with protesting whatever it is that the OWS folks are failing to articulate.

      There's some message in there about inequality and the American dream being trampled upon by oppressor capitalists or something. Apparently 99% of America is held in slavery to The Man and denied a fair, living wage. In other news, Apple's iPhone 4s supply was already exhausted after the first day of pre-orders: more than a million orders, and the product isn't actually even available yet, but demand for them (and the surplus capital necessary for the pre-purchase) is. When you see those two perspectives juxtaposed, the Dickensian oppression of the American slave and the phenomenal million-sale day for the iPhone 4s, you realize that the protestors, who all seem to have iPhones and camcorders and laptops, aren't all that oppressed after all.

      Actually, life in America is good. Really fucking good. Compared to America thirty years ago (yes, the Reagan era sucked for me), when computers were prohibitively expensive for all but the wealthiest Americans, having a smartphone in your pocket or a MacBook on which to edit your video and post to your blog—that's a miracle of silicon-age society. Compared to the Vietnam era, yes, there's a war you might not like, because enough people did like it that they kept re-electing the people who perpetuated it (you don't always get your way in a democracy, especially if you fail to vote or round up enough other like-minded people to vote, like in 2004 and 2010)—but at least you won't get drafted for Iraq or Afghanistan.

      Is that right-wing blather? I don't think so: I think it's jaded (yet surprisingly unhip) cynicism from someone who's watched the left fumble again and again through the years, when it should have been marching steadily towards achievable goals, like single-payer health care. These protestors are extremists, unfocused, and as someone else wrote, likely to bolt if you nail down a particular platform for the protest. They're also not 99%—they're actually (like the tea party loonies) a tiny, fringe minority compared to the actual number of Americans who don't feel that they're slaves to some capitalist machine bent on sucking all their money away and forcing them into poverty. If they do stick around and cohere into some sort of movement, they could do the same thing to the left that the tea party did to the right: polarize it into a tight-knit family of drama-prone, uncooperative assholes who prefer playing fiscal brinkmanship to responsible governance.

      Also, that's not how you use "consigned" in English.

    19. Re:The protests are.... odd. by pablodiazgutierrez · · Score: 1

      My guess is that SF dwellers are far too well off to care for this. I'd love to be proven wrong, but it seems like blue collar causes don't resonate as well around these parts.

    20. Re:The protests are.... odd. by Anonymous Coward · · Score: 0

      They won't achieve anything because they don't have the likes of FreedomWorks, Americans for Prosperity and Fox News to promote them, nor do they have military groups and militias to back them, nor will they be able to commandeer a major political party.

  28. If I were not 2000+ miles away... by ackthpt · · Score: 2

    I'd be there with them.

    Though I think protesting on the Capitol Mall might be more effective - I'm pretty fed up with the GOP bending over backward for Wall Street and weeping about poor Bankers and Wall Street when the call for better regulation was made after the banking crisis. Also rather sore about the bonuses being paid, right after the bailouts. A lot of the rhetoric regarding "we have to leave these people alone because they enable our economy" fell on my deaf ears - the economy took a right battering thanks to their blind pursuit of margins and percentages on return, never mind the risk.

    --

    A feeling of having made the same mistake before: Deja Foobar
    1. Re:If I were not 2000+ miles away... by Mindragon · · Score: 1

      The protests have been expanding to other countries as well. If you look on their website you'll see they have been organizing in large and small cities.

      --
      Just add {In Space!} to anything.
    2. Re:If I were not 2000+ miles away... by Anonymous Coward · · Score: 0

      Banks/Wall Street/etc will always give money to politicians eager to accept it in exchange for policy influence.

      If you want real action, camp out in front of Barney Frank's house, the overflow crowd should go to Chris Dodd's house.

    3. Re:If I were not 2000+ miles away... by Anonymous Coward · · Score: 0

      The problem is that the government has allowed some businesses to become "too big to fail" which has removed financial risk from consideration. With no risk for failing, anybody in the same situation would push for more. It's like getting paid to play the lottery.

      The only way to fix this is to stop the bail outs. Then risk will return. If there is risk, tangible risk, then more consideration is likely.

      I keep thinking of Grand Turismo (PSone) as an example of what it is like when there is no risk. At no time during that game would my car get destroyed, consequently at no time during each race would my thumb find the brake button.

    4. Re:If I were not 2000+ miles away... by Anonymous Coward · · Score: 0

      I will remind you that the President that has received the MOST contributions from Wall Street is Obama. http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638 http://uk.reuters.com/article/2008/06/05/analysis-shares-obama-idUKNOA53525520080605

    5. Re:If I were not 2000+ miles away... by hoppo · · Score: 1

      There were calls for more regulation, not better regulation. As I can attest from numerous hangovers in my life, more is not always better. When it comes to federal legislation, that is almost always the rule, not the exception.

      You're parsing/enhancing rhetoric for what you want to hear about a political party you want to oppose. So much so that you'll throw your vote to the party that Wall Street really *does* support.

      They've won, and OWS only cements that victory rather than providing hope for improvement.

    6. Re:If I were not 2000+ miles away... by Anonymous Coward · · Score: 0

      I'd be there with them.

      Though I think protesting on the Capitol Mall might be more effective - I'm pretty fed up with the GOP bending over backward for Wall Street and weeping about poor Bankers and Wall Street when the call for better regulation was made after the banking crisis. Also rather sore about the bonuses being paid, right after the bailouts. A lot of the rhetoric regarding "we have to leave these people alone because they enable our economy" fell on my deaf ears - the economy took a right battering thanks to their blind pursuit of margins and percentages on return, never mind the risk.

      Why protest on Capitol Mall when you could protest where our government is run from?

    7. Re:If I were not 2000+ miles away... by Anonymous Coward · · Score: 0

      FYI ...

      H.R. 1424, the "Emergency Economic Stabilization Act of 2008", was passed under President Bush with nearly 75% of the Democrats supporting it and nearly 50% of the Republicans opposing it. The "American Recovery and Reinvestment Act" passed under President Obama with most Democrats supporting it and most Republicans opposing it. So, pointing the finger at the GOP for the recent handouts is misleading.

    8. Re:If I were not 2000+ miles away... by ScentCone · · Score: 1

      I'm pretty fed up with the GOP bending over backward for Wall Street and weeping about poor Bankers and Wall Street

      You do realize you've got that exactly backwards, right? Obama's administration is the one that has chosen not to prosecute anyone in that area, and is the recipient of vast campaign contributions from places like the hedge funds he solicits for support. He's thick as thieves with people in the venture and investment areas, enough to write contracts that favor his buddies on loan repayments over the taxpayers that take most of the risk - clearly illegal. Nice try, though.

      --
      Don't disappoint your bird dog. Go to the range.
    9. Re:If I were not 2000+ miles away... by starcraftsicko · · Score: 1

      In 2008, we kicked out the Republicans, elected Democrats with super majorities. In the end, it was a one issue election: the economy (stupid). The Democrats had a clear mandate: fix employment, fix huge income disparities, regulate the banks, resolve "too big to fail".

      They drove up deficits and debt. They passed a "stimulus bill" that failed to stimulate much. They funded their pet projects. They ignored their mandate and focused on a health care bill. I don't know (or care any more) if the health care law was a good law or a bad law. I do know that they spent their super-majority and did not fix the problem we called on them to fix. Their dithering over (relative) trivialities was so unpopular that big blue Massachusetts elected a Republican to replace Ted Kennedy!

      The republicans will NEVER willingly regulate business and are not equipped to address economic imbalance. Clearly, addressing economic imbalance is only an election year issue for the Democrats - one conveniently forgotten when elections have been won.

      We are doomed.

    10. Re:If I were not 2000+ miles away... by Anonymous Coward · · Score: 0

      So you agree with Ron Paul and the Tea Partiers then that the government should not have bailed out the various industry corporate groups (GM, the banks etc etc)?

  29. It's just fun by FilatovEV · · Score: 2

    As a slashdotter from Russia, I feel a great curiosity towards the Occupy Wall Street. It shows the U.S. that foreigners like me weren't able to see yet. Other than curiosity, I feel some sadness, as we have two socialist parties in Russia, that get all pro-Socialism votes. What the Occupy Wall Street strives to achieve is a smaller part of our political system, that used to be a greater part once ago. That's why Occupy Wall Street makes me to think about our past, present and future.

  30. What do they want? by Spy+Handler · · Score: 0

    They don't really seem to know what they want. Do they have a list of demands? I haven't seen one.

    Even though these guys seem to be mostly young liberals, they actually have a lot in common with the Tea Party people -- ordinary folks (mostly lower middle class) fueled by rising populism against what they perceive to be injustices by [large corporations/banks/Big Government].

    TARP money was given to big banks and other entities deemed "too big to fail" by.... the most liberal president this country has seen since LBJ... go figure. And AFAIK, both the current protesters and the Tea Party people oppose the Obama bailouts/sweetheart deals for GoldmanSachs/Solyndra/etc... maybe they should just join up.

    1. Re:What do they want? by sjames · · Score: 1

      GW Bush initiated TARP, look it up.

    2. Re:What do they want? by sgt+scrub · · Score: 1

      Sadly, the opposite has been said on FOX and the radio so many times nobody is going to believe you.

      --
      Having to work for a living is the root of all evil.
  31. Re:Sick of it... by Anonymous Coward · · Score: 0

    But I love you.

  32. Many ways; here's one by istartedi · · Score: 4, Insightful

    I see it (hopefully) within the context of similar protests that have occured throughout US history.

    For example, the Pullman Strike. That, and other labor unrest during the later part of the "robber barron" era lead to things we now take for granted such as minimum wage and the 40 hour week.

    There were also grass roots leftist movements during the Great Depression.

    When you read these histories, some of the things said by actors on both sides are eerily similar.

    The hope is that these actions will reform and perfect our republic; but not destroy it. "Revolution" is a word that gets tossed around a lot; but I think there are very few people who want a true revolution (which I would define as a new constitutional convention that unseats all currently elected officials in one fell swoop and replaces them with something else).

    The US has been flexible over its history, and that's a strength. We don't need a revolution because it's built into the Constitution in the form of elections and even the ability to ammend the Constitution itself. For example, some have proposed an ammendment that would overturn Citizens United and strip corporations of personhood. I'm not arguing for or against such an ammendment. I'm just citing it as an example of how change can occur within the framework of the Constitution without destroying the nation.

    In other words, we have the rights of speech and assembly, and they are being used. I just hope they don't get abused and destroyed.

    --
    For all intensive purposes, "whom" is no longer a word. That begs the question, "who cares"?
    1. Re:Many ways; here's one by Anonymous Coward · · Score: 0

      > we have the rights of speech and assembly

      They are working very hard on reducing that. You have the right to assembly as long you apply for a permit, jump through any other hurdles they put up for you, and stand in the pre-approved "free speech zone" set conveniently 4-10 blocks away.

    2. Re:Many ways; here's one by Anonymous Coward · · Score: 0

      In other words, we have the rights of speech and assembly, and they are being used. I just hope they don't get abused and destroyed.

      I think you're setting the bar quite high. Personally, I'm hoping that the whole country doesn't burn down. I'm not too optimistic though. Let's just say I'm checking my fire extinguishers.

    3. Re:Many ways; here's one by Anonymous Coward · · Score: 0

      We don't need a revolution because it's built into the Constitution in the form of elections and even the ability to ammend the Constitution itself.

      Your elections are not representative.

    4. Re:Many ways; here's one by pablodiazgutierrez · · Score: 2

      Great analysis. The Glass–Steagall Act was signed into law in 1933, 4 years after the 1929 crash. The re-enactment of that law, as well as the establishment of a Tobin tax, are among the principal requests I've seen voiced. It seems timely, it's almost 4 years after Bear-Sterns.

    5. Re:Many ways; here's one by DerekLyons · · Score: 1

      When you read these histories, some of the things said by actors on both sides are eerily similar.

      What you also find when you read those histories is that the protests that accomplished something were those that were part of a larger system with well defined goals and a roadmap for getting there. The 'Occupy' movement has nothing but populist slogans.

    6. Re:Many ways; here's one by Anonymous Coward · · Score: 0

      "That, and other labor unrest during the later part of the "robber barron" era lead to things we now take for granted such as minimum wage and the 40 hour week."

      There are a lot of misunderstandings around this idea. Both historical fact and praxeological deduction show that the cause and necessary requirements for these and other improvements in standard of living were not in fact a result interventionism, but part of a larger trend of capital accumulation making workers ever more productive and therefore able to work less. I absolutely concur that people in this country demanded in significant numbers(minority still, but organized and vocal) that government restrict employers and employees to certain working hours. My argument is that given this is what we wanted anyway, and given that we had in place enough capital components of production, these controls were neither required nor useful in seeing this end met. Furthermore, to see what such measures achieved in places that had not acquired the necessary capital savings and investment, you can look to the historical datum of Asia around 1940 and prior. The results were disastrous. Productivity was not sufficient to justify the workers increased leisure time. Now, praxeology recognizes that an individuals preference for a certain amount of wealth at the cost of a certain amount of labor is not something it can critique. The individual choice of preference is sovereign. What praxeology does address is the means used to reach the desired end, and that is where your argument misses certain points. People who want x amount of material wealth at the cost of y amount of labor can be addressed. If the ability to produce x standard of living is not possible given the productivity using y amount of labor, then we can obviously point out errors in any attempt at such an outcome. In the case of Asian nations, they wanted something they could not achieve. They wanted to be able to work less while still having a certain amount of goods and services which just was not possible. All the strikes and unionization don't bring about more leisure time. Higher productivity does.

      The source of this and more information on the topic can be read here in far clearer and greater detail than I can possibly provide:

      http://mises.org/daily/4604
      http://mises.org/humanaction/chap21sec6.asp

    7. Re:Many ways; here's one by istartedi · · Score: 1

      There are a lot of misunderstandings around this idea. Both historical fact and praxeological deduction...

      I think what you mean is:

      If the pie isn't big enough, it doesn't make sense to ask for an extra slice. Asking for a bigger slice won't make the pie bigger. In the US the pie was getting bigger and in other countries it wasn't, so the asking just made matters worse.

      --
      For all intensive purposes, "whom" is no longer a word. That begs the question, "who cares"?
    8. Re:Many ways; here's one by istartedi · · Score: 1

      Given the history of riots in the US, OWS is looking pretty tame. They haven't called out the National Guard anywhere AFAIK. There are not mobs and burning buildings blocks from the Whitehouse like in 1968.

      --
      For all intensive purposes, "whom" is no longer a word. That begs the question, "who cares"?
    9. Re:Many ways; here's one by istartedi · · Score: 1

      Your elections are not representative

      I think that gets close to the heart of the matter. There have been waves of corrruption throughout US history. When it reaches the point that your statement is "all too true", movements like this form. If "the people" crack the whip hard enough, it becomes more representative. It's never been perfect; but some eras have been better than others.

      --
      For all intensive purposes, "whom" is no longer a word. That begs the question, "who cares"?
  33. Re:Sick of it... by NeutronCowboy · · Score: 3, Insightful

    The simple fact that you're mentioning a class war makes me think you have little useful to say. What's going on right now has nothing to do with class warfare, and all to do with people being sick of bailing out private institutions when their bets failed.

    --
    Those who can, do. Those who can't, sue.
  34. The chanting is scary by Scareduck · · Score: 0

    Seriously, the unison call-and-repeat chanting is straight outta Mao, as is the refusal to allow videotaping of a public event.

    --

    Dog is my co-pilot.

    1. Re:The chanting is scary by Anonymous Coward · · Score: 1

      Shit, I guess all those taped news broadcasts that I saw of the protests must have been acid flashbacks, then!

    2. Re:The chanting is scary by SirGarlon · · Score: 1

      Who is preventing the videotaping (police or protesters)? I haven't heard about that. Can you elaborate a bit?

      --
      [Sir Garlon] is the marvellest knight that is now living, for he destroyeth many good knights, for he goeth invisible.
    3. Re:The chanting is scary by Anonymous Coward · · Score: 0

      Seriously, the unison call-and-repeat chanting is straight outta Mao, as is the refusal to allow videotaping of a public event.

      The call-and-response is a kludge to get around a legal restriction, but it has nothing to do with their politics. It's a side effect of the fact that under New York City regs, they're not supposed to be using megaphones or other amplified audio.

      The videotaping paranoia is likely because people present are concerned about being picked up by facial recognition and added to HomeSec's databases. I think that's pretty ironic, given that they're already outing themselves via the use of social media.

      Little Brother is required reading for participants and observers on both sides of this conflict.

    4. Re:The chanting is scary by HeckRuler · · Score: 1

      Nope, fearmongering and spreading FUD doesn't need no E lab or ation!

  35. Re:Sick of it... by Howard+Beale · · Score: 1

    and what makes you think it'll stop after the 2012 elections? I was thinking 12/21/12 was a better date.

  36. Re:Sick of it... by Anonymous Coward · · Score: 0

    Too bad they suck at it.

  37. Re:Sick of it... by Anonymous Coward · · Score: 0

    Obama wanted a class war and now he's got it.

    There's nothing I can say without provoking someone on the "other side" into an ad hominem attack. Dialog, or what remained of civil dialog, on any of these matters is pretty much suspended until after the 2012 elections.

    Class war has been going on for 30 years. In case you didn't notice, you lost.

  38. Its co-opted by perpenso · · Score: 1

    Its co-opted. It started with those on the left and right who were concerned about financial mismanagement by government and private corporations. Now unions are co-opting it because they fear union money will be restricted along with corporate money, democratic party operatives are co-opting it trying to create a "tea party" like organization that is shadow group for the democratic party, etc. Much like the tea party started with those legitimately concerned with fiscal mismanagement and an ever encroaching federal government and has subsequently been co-opted to some extent by republican social issues and republican party operatives. It will be interesting to see if the tea party can regain its original focus and it will be interesting to see if the occupy wall street movement can avoid the same mistake. Unfortunately it looks like history repeating itself, the only difference being tightly aligned with a different mainstream political party. Sad, since the tea party founders and the occupy wall street founders had an incredible amount of overlap in their concerns and grievances, although you would never really see that given only the incredibly shallow coverage of the "main stream media".

    1. Re:Its co-opted by dkleinsc · · Score: 1

      Now unions are co-opting it, ... democratic party operatives are co-opting it ...

      They're certainly trying to co-opt it, but the kids organizing Occupy Wall St are doing something very smart, namely not letting any one organization control it. They're basically running things by direct democracy as much as possible, and the whole thing is rather anarchist. Those with money but no real support (i.e. the Democratic Party) can't buy off the protest organizers because if someone got up and said "To solve this problem, we need to re-elect Barack Obama" would pretty quickly be marginalized.

      In fact, that seems to be one of the things that was driving the media nuts early on: they have no official leaders to talk to, no office headquarters you could call up and get a statement from, no press conferences, no official platform to refer to. This meant that if they had wanted to find out what the protests really were all about, they'd have to go down there and spend a lot of time talking to the protesters, which is a lot more work than re-printing corporate press releases and the like.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    2. Re:Its co-opted by Shotgun · · Score: 1

      Much like the tea party started with those legitimately concerned with fiscal mismanagement and an ever encroaching federal government and has subsequently been co-opted to some extent by republican social issues and republican party operatives. It will be interesting to see if the tea party can regain its original focus

      Seen any polls of likely Republican voters lately? How's Bachman, Santorum and Perry doing lately? (may their political careers rest in peace).

      --
      Aah, change is good. -- Rafiki
      Yeah, but it ain't easy. -- Simba
    3. Re:Its co-opted by perpenso · · Score: 1

      Much like the tea party started with those legitimately concerned with fiscal mismanagement and an ever encroaching federal government and has subsequently been co-opted to some extent by republican social issues and republican party operatives. It will be interesting to see if the tea party can regain its original focus

      Seen any polls of likely Republican voters lately? How's Bachman, Santorum and Perry doing lately? (may their political careers rest in peace).

      My point is that these are not the "real" tea party folks. The passing of their political careers would not be the end of the tea party, it would be the end of some of the co-opting of the tea party.

    4. Re:Its co-opted by perpenso · · Score: 1

      Now unions are co-opting it, ... democratic party operatives are co-opting it ...

      They're certainly trying to co-opt it, but the kids organizing Occupy Wall St are doing something very smart, namely not letting any one organization control it.

      The problem is that the mainstream media is not on board with that plan. The media will gravitate to the union leaders, democratic party spokespeople, celebrities, etc who show up at the protests, rallies, etc. The "kids" you refer to may be somewhat marginalized like the actual founders of the tea party movement.

    5. Re:Its co-opted by Shotgun · · Score: 1

      Kind of my point, too. They were never really OF the TEA Party, but it didn't become readily apparent until they got a chance to talk more. Once that happened....ooops!.

      --
      Aah, change is good. -- Rafiki
      Yeah, but it ain't easy. -- Simba
  39. My favorite.. by RightSaidFred99 · · Score: 1

    Some 18 year old who finished high school at 16 and college at 18. Complained that he/she barely manages to pay his or her bills.

    Or to paraphrase: Whaaaa, I'm 18 and not rich!

    Most of them are useless idiots, some I do feel bad for. I'm swinging towards supporting a pseudo single-payer system, health care seems to be the biggest problem. In terms of education - end easy student loans for Basket Weaving degrees. If you are demonstrably intelligent you should get free college through grants/subsidies. Otherwise you should pay for it. By limiting the _demand_ for college education we will force prices down.

    If every Tom, Dick, and Harry can get $100k in loans, why _wouldn't_ the higher education system make $100k (or more) the price of an education?

    We need to stop the lie that college degree=automatic success. Instead have more trade schools, and send most capable to college.

    1. Re:My favorite.. by Altus · · Score: 1

      there is a huge gap between being able to pay ones bills and being rich. Here you have a smart, capable well above average person who is unable to make ends meet and is complaining about slipping further into debt when they have just barely reached the age of majority and what you hear is "Why aren't I rich yet"? This person isn't complaining that they aren't rich, they are complaining that they are unable to stay afloat in todays job market.

      --

      "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

    2. Re:My favorite.. by Bucky24 · · Score: 1

      Basket Weaving degrees

      You know, I thought you were being sarcastic at first, then I did some googling on it...
      http://www.sveardze.com/uwbs/about.htm

      1983 The first graduates of UWBS earn their bachelors in basket-weaving.

      --
      All the world's a CPU, and all the men and women merely AI agents
  40. On one automotive forum by future+assassin · · Score: 1, Interesting

    That has to do with trucks, everyone in the in the Wall Street protests thread thinks these people are unemployed, welfare communists. Yes same guys that bitch about the gov and how they are taking away their rights and bringing down the country are calling the ones who are out there trying to get the ball rolling communists from behind their computer screen.

    My view on this is that there needs to be more protests like these. It doesn't matter if these people are unemplayed or on welfare. Its the publicity and if it manages to spark more protests it'll get even more media attention which will being in more protesters.

    --
    by TheSpoom (715771) Uncaring Linux user here. I have nothing to add to this but please continue. *munches popcorn*
    1. Re:On one automotive forum by Anonymous Coward · · Score: 0

      That they're unemployed is part of their point.

  41. 7 Core Demands of Occupy Wall Street by LanMan04 · · Score: 5, Interesting

    1) End the Collusion Between Government and Large Corporations/Banks, So That Our Elected Leaders Are Actually Representing the Interests of the People (the 99%) and Not Just Their Rich Donors (the 1%).

    2) Investigate Wall Street and Hold Senior Executives Accountable for the Destruction in Wealth that has Devastated Millions of People.

    3) Return the Power of Coining Money to the U.S. Treasury and Return to Sound Money

    4) Limit the Size, Scope and Power of Banks so that None are Ever Again âoeToo Big to Failâ and in Need to Taxpayer Bailouts

    5) Eliminate âoePersonhoodâ Legal Status for Corporations

    6) Repeal the Patriot Act, End the War on Drugs and Protect Civil Liberties

    7) End All Imperial Wars of Aggression, Bring the Troops Home from All Countries, Cut the Military Budget and Limit The Military Role to Protection of the Homeland

    Not sure where this came from, but it was making the rounds on Facebook. Numbers 6 and 7 seem rather "wishlist"-y, but other than that this looks roughly accurate.

    --
    With the first link, the chain is forged.
    1. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      I can go along with this but it has undue focus on the corporate/financial side of things and doesn't focus on the political side of things. Similarly I think the Tea Party has undue focus on the political side of things with limited focus on the corporate/financial side. A better movement would incorporate both.

    2. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      1) End the Collusion Between Government and Large Corporations/Banks, So That Our Elected Leaders Are Actually Representing the Interests of the People (the 99%) and Not Just Their Rich Donors (the 1%).

      2) Investigate Wall Street and Hold Senior Executives Accountable for the Destruction in Wealth that has Devastated Millions of People.

      3) Return the Power of Coining Money to the U.S. Treasury and Return to Sound Money

      4) Limit the Size, Scope and Power of Banks so that None are Ever Again âoeToo Big to Failâ and in Need to Taxpayer Bailouts

      5) Eliminate âoePersonhoodâ Legal Status for Corporations

      6) Repeal the Patriot Act, End the War on Drugs and Protect Civil Liberties

      7) End All Imperial Wars of Aggression, Bring the Troops Home from All Countries, Cut the Military Budget and Limit The Military Role to Protection of the Homeland

      Not sure where this came from, but it was making the rounds on Facebook. Numbers 6 and 7 seem rather "wishlist"-y, but other than that this looks roughly accurate.

      If these are in fact the demands, they should be protesting DC. What can Wall Street do about this?

    3. Re:7 Core Demands of Occupy Wall Street by DigiTechGuy · · Score: 1

      Funny, I think numbers 6 and 7 and the most important on that list. Some of the others are violations of individual liberty, though #3 is quite valid depending on what is meant by "Sound Money". If they mean, backed by gold at a fixed value, then it's great.

    4. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      The occupation is demandless because it operates on consensus. Individuals and groups of occupiers can autonomously raise any demands they like or take any actions they like. Overall the main demand is on our allies, not our enemies. We demand the occupation of all space, we demand that others join with us everywhere, as we are joining those in Spain, Greece, Egypt and other places that have already begun occupying. The power of this is that we allow those who want to change the system to join us, and we have a lot of visions on how the world should operate after we are "finished", but what we really accomplish is directly and immediately communizing the space we occupy.

    5. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      These appear to be created as a recipe to turn the country back into the Dark Ages and prevent anyone from ever rising beyond a subsistence level. Item #1 is totally within the people's control in the form of voting in every election. Item #2 would actually lead you back to Congress who "highly encouraged" banks to lend to people who could not afford to buy a house in the first place. Item #3 would hobble the economy. There isn't enough gold or silver in the world to allow big economic expansion thus you would always have an economy that had a quick downside but a lid on recovery. Item #4 is a dream. Money will always go where people want it to go. If it's blocked one place, it will find another. Many believe taxpayers shouldn't have bailed them out in the first place. Item #5 would eliminate the basis for our economy. Say good bye to retirement funds, savings and mutual funds. Good bye employment. Good bye to Apple products, cell phones, computers, TV's and most modern conveniences. No company would be big enough to bring products to market. Item #6 is probably the closest I would come to agree with but there is a need for them. Item #7 is totally clueless. The military is protecting the homeland by engaging the enemy on their turf.

    6. Re:7 Core Demands of Occupy Wall Street by edi_guy · · Score: 1

      Not a bad start...I also would ditch this tidbit "End the War on Drugs ", because keeping it will erode support for this movement. Keep the list short and in the spirit of the current times (zeitgeist) and don't start throwing in every liberal issue from the past 40 years and we might see some traction...

    7. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      Yes, 6 and 7 seems to be written by someone with no comprehension of the scope of those items and no grasp whatsoever of international political theory. And someone who thinks 5 items is too short a list. I would love to have a cup of coffee with someone who wants to 'Bring the troops home from all countries." Wow.

    8. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      Seriously? If I believed these were the 7 core demands of "Occupy ", I'd be more inclined to join in.
      These points are more aligned with the Libertarian Party than anything I've heard from the GOP in quite a while.

    9. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      They could strip it down to only issue #1.

      The rest of the issues would follow if that is what it turned out people wanted, once the distortions caused by buying influence in politics were removed from the equation. Democracy is a wonderful thing if one person or organization can't buy a million times more influence than another by making a huge cash donation.

    10. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      I actually waste a lot of time thinking about how the monetary system is so bad. My solutions are on https://twitter.com/#!/dear_president

      1. The problem is there is no limit on how much one person can have/take. Solution, make a limit. The rest can be spread out.

      2. We need engineers running the country, not old money and old ideas.

      3. Teachers should be paid as much as doctors and it should be a prestigious job. You cannot improve a society without education. I can't believe anyone would want to cut funds for education.

      4. Tax entertainment 80% (actors, athletes, comedians, artists). Instead of paying a celebrity 20 million for movie, tax 18 million to go to a good cause directly chosen by the public. They will not starve on $2 million. Plus, entertainers should be doing what they do because they love it, not for the money.

      5. I liked the https://www.refresheverything.com/ ideal. The public should decide where most tax money goes. I don't support the oil war, but 50% of my taxes are used for it :(

    11. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      If these are in fact the demands, they should be protesting DC. What can Wall Street do about this?

      Hopefully nothing since if they can, they must really own the representatives of the people.

      I think that by protesting on Wall Street, they get more media attention and it's more clear where they think the problem is than by holding signs in DC. Arguably the message is less clear about what the problem is.

    12. Re:7 Core Demands of Occupy Wall Street by cashman73 · · Score: 2
      The occupation is demandless because it operates on consensus. Individuals and groups of occupiers can autonomously raise any demands they like or take any actions they like.

      So, in other words, it's as if Wikipedia is marching in the streets making demands. They're doomed.

    13. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      So, basically they want Ron Paul for president... good choice.

    14. Re:7 Core Demands of Occupy Wall Street by LanMan04 · · Score: 1

      Oh, I agree they are the most important, but they're the "standard liberal demands" that don't ever seem to get anywhere. I thought it made the list a bit broad and diluted the whole thing.

      --
      With the first link, the chain is forged.
    15. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 1

      3) Return the Power of Coining Money to the U.S. Treasury and Return to Sound Money

      This persistant attack on the Federal Reserve from both sides of the radical fringe is the most vexing thing to me.

      1. Congress has an approval rating of something like 20%. Mention the Fed, and suddenly they're brilliant?
      2. The Fed is already accountable to Congress. If you go back to a commodity-based standard, the value of the dollar is controlled by international markets. There's no accountability. The dollar can rise or fall simply because a foreign central bank, sovereign fund, or hedge fund decides to hoarde or dump gold. There's nothing you can do about it.
      3. The shrinking middle class has a significant chunk of their assets in accounts denominated in Federal Reserve Notes. What happens to their savings if you abolish the Fed? Wouldn't that be like Google suddenly declaring bankruptcy despite the fact that they have a solvent balance sheet? What would happen to Google shareholders in that situation?
      4. Conversely, if the FRNs all go to zero in a Fed abolishment, bondholders have worthless bonds. Those are held by a lot of people, including retirees. Ooops. Way to help the seniors.

      I'll give that you can ignore (3) and (4) if you simply re-base the FRNs with a commodity at par with existing currencies on a particular date. (1) and (2) are far more vexing.

      Instead of throwing the baby out with the bathwater, why can't we reform the monetary system? I can think of a number of ways to do that which might address the problems that people are having:

      1. Require that inflation metrics be based on actual backward looking volatility and percentage of household expenditure as opposed to the arbitrary exclusion of food and fuel which have been persistantly high the past few years as opposed to being volatile.

      2. Remove full employment from the mandate, since employment is arguably beyond the scope of monetary policy.

      3. Progressive capital gains taxes to help smooth out bubbles, with the profits from the bubble tax earmarked for a monetary stabilization fund for when a crash occurs.

      4. Twice daily interest rate fixing, (an idea borrowed from the goldbugs, actually, based on the twice daily London fix). This would eliminate the sharp swings when the Fed makes its announcements, and the opportunity for mischief based on foreknowlege of said announcements.

      5. Greater transparency, and the elimination of any structures that favor particular institutions.

      etc., etc. but none of these have the soundbite power of "End the Fed", and they don't play on memetics or groupthink, so they will probably never find their way into the talking points on either side. Yah. "End the Fed", it's the "rah, Rah, RAH!" of the political football hooligans.

    16. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      I like those seven... seems to me they should all be rather non-partisan and good for Americans in general.

    17. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      Any idea what #3 means? I can't even hazard a guess. I know just enough about monetary policy to know I have no informed opinions.

      #1 and #5 sound like code for "I want free stuff so let's make corporations pay for it." Meh. I'm all for not giving tax breaks to favorite industries or companies but I also think it's important people are able to speak as a group, be that group a union, PAC, non-profit SIG or corporation. I don't see how to eliminate one without setting a dangerous precedent for the others.

      All the rest sound like fine ideas.

    18. Re:7 Core Demands of Occupy Wall Street by JDAustin · · Score: 1

      3. Teachers should be paid as much as doctors and it should be a prestigious job. You cannot improve a society without education. I can't believe anyone would want to cut funds for education.

      Thats fine, as long as the education required to become a teacher along with the certifications, internship, and continuing eduction match that of a doctor. Teachers are not paid as much as a doctor because becoming a teacher requires a liberal arts BA degree (the easiest to get) and a fifth year of education. If we required teachers to make the same as doctors then we would have a lot of grads out of work because so many of them trained to become teachers.

    19. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      5) Eliminate âoePersonhoodâ Legal Status for Corporations

      And remove corporate taxes.

    20. Re:7 Core Demands of Occupy Wall Street by vmaxxxed · · Score: 1

      It is interesting how this looks like the socialist/communist crap of the 70's. Sure, let that 99% percent of people that know zip about economy run the country.

      Sorry but capitalism is what makes the US the most powerful country in the world, along with Europe. Sure there are a lot of poor people, unfortunately, as the Davis-Moore thesis will tell you, they are necessary for the system to work. No, it isn’t fare or just, that’s the way it is. We need to understand that rich people make money, jobs, we need them, and they use the Exchange Market to make money.

      It might not be perfect, but that’s the best we have. Perfect does not exist, at least perfection where we all make "enough" or equivalent money. That’s just stupid. Why would someone excel in such society?? Enough" according to who??
      For great ideas to work, great benefits must be earned. Who assigns those benefits?: the stock market.

      Do they really know what are they dealing with?? Haven’t they heard about the huge trade deficit we have?? How could the US be the most powerful country if we have a trade deficit?? How could the dollar be the safest currency with a deficit, haven’t they taught you that a currency deficit means devaluation??

      Well, the US and the dollar succeed because the US does not make things it makes ideas: It makes Steves jobs and Bills Gates. The US is all about trading ideas, or in other words, by selling the stocks of the companies with ideas.

      Note that the so called trade deficit is only a partial view of the balance of payments. Talking about a trade deficit in isolation of the other accounts means that we don’t understand modern economy. Countries today are not about what they sell. Today we live from speculation and betting on the future ideas. If you are a Marxist, then forget it and keep yourself the middle ages. If not, note that the balance of payments is ALWAYS balanced in the US by the financial accounts, including INVESTMENT, much of which is not plain debt, but investment where in case of failure means no liability for the US.

      " Return the Power of Coining Money to the U.S "
      " Limit the Size, Scope and Power of Banks "

      Well we might just as well implement full fledged communism, and let China overtake us. Do you want to know how china succeeded:

      "Reduce the value of the coin and let if float according to basket of currencies"
      "Enable private property and banks, begin the stock market.."

      Sounds familiar?? No wonder they are overtaking us.

    21. Re:7 Core Demands of Occupy Wall Street by sonicmerlin · · Score: 1

      Lol return to "sound money" and ignore decades of economics research and history demonstrating the utter destruction returning to a "gold standard" would cause.

    22. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      This list looks like it came from Ron Paul - the Repulican-bordering-on-Libertarian Presidential hopeful. Change a couple of terms (like Imperial Wars of Aggression) and it could come from a Tea Party flyer.

    23. Re:7 Core Demands of Occupy Wall Street by GumphMaster · · Score: 1

      Clearly the author subscribed to the "Capitalise Every Word to Make it Seem More Important" meme.

      --
      Patent litigation: A doctrine of Mutually Assured Destruction... in which everyone seems willing to push the button
    24. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      #6 Should be at the top of that list.

    25. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      Man, if they were straight about those 7 points, I'd jump on board. These are essentially the same things the original Tea Party stood for, before it got invaded by moneyed interests and began to sound like a mouth piece for the Republican Party.

      Any objective person can see that mega-corp influence over our nation is out of control. I don't care about companies with maybe 7,000 employees or fewer, but it's these monster global mega-corps that are using the myth of corporate personhood to buy the Fed, avoid paying taxes, and paying CEO robber barons 500 times the average worker. (Nobody is that important, sorry.) Somebody needs to push the envelope with this myth of corporate personhood so we can get the Supreme Court to make some sense out of the nonsense we've created for ourselves. Corporations are not, and never were, people. They have no rights that the individuals who make up the corporation don't already have. They were invented to enable investment in risky endeavors (by protecting owners from liability), and they've succeeded in that goal beyond anyone's wildest dreams. In fact, they've destabilized capitalism itself by separating ownership from anything but financial responsibility in a risky endeavor, and now, they've even protected themselves from THAT in the form of government "to big to fail" schemes, which effectively pushes the risk TO ME AND YOU, without even asking whether we thought that was a good idea. It's time to restore some good ol' American common sense to this equation, because we're long past sensible.

    26. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      8) End The Abuse Of Capitalization

    27. Re:7 Core Demands of Occupy Wall Street by Chuck+Messenger · · Score: 3, Informative

      These demands are in reasonable sync with the Ron Paul school of Tea Partiers:

      1) End the Collusion Between Government and Large Corporations/Banks, So That Our Elected Leaders Are Actually Representing the Interests of the People (the 99%) and Not Just Their Rich Donors (the 1%).

      Ron Paul has consistently been against any kind of bail-outs. He was dead-set against the $700 billion bank bailout, for one example.

      2) Investigate Wall Street and Hold Senior Executives Accountable for the Destruction in Wealth that has Devastated Millions of People.

      Ron Paul hasn't (to my knowledge) advocated this kind of thing. But in a similar vein, he has been an outspoken critic of the Fed - he wants full exposure of all Fed policies. These policies have been used for decades to pick industry winners - so this is an example of collusion between govt. and business. Maybe this really goes along more with point 1, above.

      3) Return the Power of Coining Money to the U.S. Treasury and Return to Sound Money

      This has Ron Paul written all over it!

      4) Limit the Size, Scope and Power of Banks so that None are Ever Again âoeToo Big to Failâ and in Need to Taxpayer Bailouts

      See above comments on bank bail-outs. Ron Paul has consistently advocated that banks must be left to fend for themselves - no bank bailouts. He's really been the more forceful advocate of this stance, for the longest time - among elected representatives.

      5) Eliminate âoePersonhoodâ Legal Status for Corporations

      Not sure about this one.

      6) Repeal the Patriot Act, End the War on Drugs and Protect Civil Liberties

      Ron Paul has been a long-time advocate of drug legalization.

      7) End All Imperial Wars of Aggression, Bring the Troops Home from All Countries, Cut the Military Budget and Limit The Military Role to Protection of the Homeland

      Again - Ron Paul has consistently argued for de-imperialization for years/decades. He is one of the few in Congress who have voted against all foreign wars, and to bring troops back from pretty much all foreign deployments.

      So, if the above list does, in fact, reflect the desires of the Occupy Wall Street-ers, then there is at least a strong theoretical connection between them and the Tea Partiers. That is, if you buy the idea that Ron Paul is the true standard-bearer of the Tea Party. Unfortunately, that isn't necessarily the case...

    28. Re:7 Core Demands of Occupy Wall Street by steelfood · · Score: 1

      But how? These are the demands. Where are the solutions?

      There are plenty of lawyer-types out there protesting. Draft some bills. Send them to Washington.

      Maybe half the laws have to be thrown out. Then throw them out. But identify the half of the laws that should be thrown out. The system is currently not working. Then figure out where the defective parts are and fix them.

      But just complaining about it does nothing productive. Proposing actual fixes does. Figure out which sections of which acts need to be repealed. Find out what bits of legislation need to be added to make the list above happen. Just shouting loudly does nothing but make people turn up their stereos.

      --
      "If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be."
    29. Re:7 Core Demands of Occupy Wall Street by hardwarejunkie9 · · Score: 1

      I can definitely back a lot of those. I also know quite a few people who would get right behind them, and I go to one of the most conservative universities in the country. Now if someone could just get that message out and *STICK* to it, then we'd have a contender to pull for.

      --
      I like losing arguments, it just means that I can take your point and make it my own.
    30. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      I find it odd that someone would say that the two easiest, and most immediately beneficial actions on that list are.... wishlisty....

    31. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      8) Single-payer health care

      These seem pretty basic demands for any government that is actually "representative". Ours isn't representative because we don't "do" democracy. We (stupidly) accept whoever the plutocracy offers us:
                  "Because if they didn't vote for a lizard," said Ford, "the wrong lizard might get in. Got any gin?"

      It bothers me that people pretend this is a movement without focus. The Democrat/Republican/Corporate media doesn't want people to know what's wrong, and Americans are too lazy, cowardly, and/or gullible to bother finding out. Fortunately, international media sees no confusion about what the protests are about.

      Here's hoping that this movement grows bigger than the anti-war protests of the '60s-'70s, and has more long-term success!

    32. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      _____ is expensive government micromanagement of society, sacrificing states' rights or individual liberty for a dubious common good, moving power away from individuals and their local representatives, to the central planners in Washington.

      Sounds like I'm talking about a commie plot, so any good red-blooded apple-pie-eating mother-loving god-fearing conservative American, I'm sure, will join me in opposing ____.

      Oh sorry, I didn't say what ____ is. Turns out if doesn't matter. Energy policy: check. Financial services: check. Guns: check. Abortion: check. Taxes: check. National speed limit: check. Davis-Bacon wages: check. Slavery prohibition: check. War on drugs: ch-- hey wait, drugs are a special case where left and right mean the exact opposite of what they normally mean!

      Are you sure ending the war on drugs is a liberal cause? It's about as liberal as any other 19th century idea, such as returning to the gold standard.

    33. Re:7 Core Demands of Occupy Wall Street by advid.net · · Score: 1

      1) End the Collusion Between Government and Large Corporations/Banks, So That Our Elected Leaders Are Actually Representing the Interests of the People (the 99%) and Not Just Their Rich Donors (the 1%).

      How will they fund their presidential campaign ?

      In some other countries, campaigns have a limit for their spendings and can be taxpayers funded.

    34. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      Solutions to each of the 7 points:

      1. Vote for somebody else. If 99% agree with you, it will be no problem to see a 100% fresh Congress, both House and Senate. Good Luck.
      2. See point 1.
      3. Take a college course on economics so you understand what the fuck you're talking about. And see point 1.
      4. Use a Credit Union and not banks. Stop borrowing money and investing money/assets in banks you don't like. And see point 1.
      5. They don't have that. Take a college course on Law so you understand what you're talking about. But mostly, see point 1.
      6. See point 1.
      7. There are none. See point 1. Take a college course in World Politics so you know what the Fuck you're talking about.

      Notice that these all come back to point #1. The only reason these things keep happening is because people keep electing assholes to Congress. Notice this has JACK SHIT to do with Wall Street.

    35. Re:7 Core Demands of Occupy Wall Street by tyrione · · Score: 1

      Perfect list.

    36. Re:7 Core Demands of Occupy Wall Street by tyrione · · Score: 1

      #5 Will be the most difficult to overturn after the mid '30s ruling that Corporations are recognized like citizens, thus the birth of Lobbying, but without any of the responsibilities of citizens. Gutting 1-5 would turn the 1% on it's head and the balance of wealth restored would create a vibrant middle class by drastically shrinking the lower class and drawing back down more of the 1% down into the middle class where they legally belong.

    37. Re:7 Core Demands of Occupy Wall Street by Anonymous Coward · · Score: 0

      1) End the Collusion Between Government and Large Corporations/Banks, So That Our Elected Leaders Are Actually Representing the Interests of the People (the 99%) and Not Just Their Rich Donors (the 1%).

      You can not prevent Their Rich Donors (the 1%) except by organizing para-political organizations, "voter unions", which will amass collected contributions to counter the corporative bribes with better offers, thus waging war of attrition on The 1%. Remember, the bribe is your money, taken from you the public, and only part of that money is spent to buy politicians, so clearly you would hardly notice it missing if it was spent to further your cause.

      2) Investigate Wall Street and Hold Senior Executives Accountable for the Destruction in Wealth that has Devastated Millions of People.

      Aww, there never was Wealth in the first place! The "wealth", all those zillions, they are just a mirage. Money banknote is nothing but a "IOU 'something' in exchange for what you do or have" note, which is far from being 100% reliable. It is a real miracle that people actually assign it value. Sorry folks but Devastated Millions of People were just fooled, conned into working for a promise, for nothing real. Senior Executives are and were completely aware of that.

      3) Return the Power of Coining Money to the U.S. Treasury and Return to Sound Money

      There is no such thing as Sound Money, even (or even especially) if it was minted from Valuable Materials.

      4) Limit the Size, Scope and Power of Banks so that None are Ever Again âoeToo Big to Failâ and in Need to Taxpayer Bailouts

      This one is actually very clever. However, you'll need to do 1) first!

      5) Eliminate âoePersonhoodâ Legal Status for Corporations

      I don't understand the implications of this one but ... why do Corporations even need Personhood in first place?!

      6) Repeal the Patriot Act, End the War on Drugs and Protect Civil Liberties

      This is needs more careful analysis and consideration. Certainly there is a clean child thrown out with dirty water, but you can't just give up bathing children. Problems addressed by PA and WoD are real and they are not going away...yet. However, the proposed methods are not satisfactory.

      7) End All Imperial Wars of Aggression, Bring the Troops Home from All Countries, Cut the Military Budget and Limit The Military Role to Protection of the Homeland

      Be careful what you wish for. Others may not be so peaceful. You may need potent armed forces to defend Homeland some day, but although it takes a Great Army to found an Empire, it also takes an Empire to upkeep a Great Army.

    38. Re:7 Core Demands of Occupy Wall Street by jbmartin6 · · Score: 1
      --
      This posting is provided 'AS IS' without warranty of any kind, implied or otherwise.
    39. Re:7 Core Demands of Occupy Wall Street by Sean+Hederman · · Score: 1

      1) End the Collusion Between Government and Large Corporations/Banks

      How? The USA has instituted legal corruption (campaign contributions) and it's Supreme Court has defended that as "free speech". Short of a Constitutional Amendment, not going to happen.

      2) Investigate Wall Street and Hold Senior Executives Accountable for the Destruction in Wealth that has Devastated Millions of People.

      Really?!? It was all Wall Street's fault? Not perhaps because consumers ran up massive unsustainable debt? Not because people bought houses they knew they couldn't afford? Take some responsibility for your own culpability in this crisis.

      3) Return the Power of Coining Money to the U.S. Treasury and Return to Sound Money

      Gold standard I assume? Okay, well once we find a couple trillion tons of gold in order to back said money, then we can talk. Until then this is a pipe dream as there is vastly more money currently in circulation than any gold standard could back.

      4) Limit the Size, Scope and Power of Banks so that None are Ever Again âoeToo Big to Failâ and in Need to Taxpayer Bailouts

      Hey! A reasonable and achievable goal. Cool!

      5) Eliminate âoePersonhoodâ Legal Status for Corporations

      Not sure how that's going to pan out. This would mean that corporations would not be able to enter into contracts. Which would mean they couldn't operate. Which would mean they would cease to exist and you wouldn't be able to buy the latest iPhone to go with your faux-poor garb. The legal personhood thing is just a grant of some rights that people hold to corporations. We can debate which rights, sure, but some like ability to enter contracts are a neccesity. Maybe we should instead be talking about real corporate penalties for crimes.

      6) Repeal the Patriot Act, End the War on Drugs and Protect Civil Liberties

      I'm alongside all that.

      7) End All Imperial Wars of Aggression, Bring the Troops Home from All Countries, Cut the Military Budget and Limit The Military Role to Protection of the Homeland

      Yeah, you guys tried that. Twice. World War I, World War II anyone? Either that or kiss your world dominant status goodbye and become a bit player in global politics. Your economy is a disaster and your main strategic advantage is your military power and reach. Voluntarily limiting that is just plain stupid. It would be quite nice if you'd stop invading countries just because you've decided you don't like their leader though.

      A cute screed thumped out by a student with no idea about economics, politics or history. Less uplifting than "Liberté, égalité, fraternité", less idealistic than "Life, Liberty and the pursuit of Happiness.", and less practical than "from each according to his ability, to each according to his need". I despair of our protesters today. This is the best they could come up with? A half-baked list of stupid and introverted ideas which speak nothing to the human condition and basically boil down to the whine of "we wanted to get rich without working, we bought with money we didn't have, and now that our chickens have come home to roost we want to blame all the people who focused on making money rather than spending it."

      Did I miss something? I seem to remember when I was being brought up that one should work hard, spend wisely and save for a rainy day. Apparently that's now a crime against humanity, whereas watching hours of reality TV and spending all the money you have is somehow noble? Nope. I think a lot of people made way too much money, yes. But it was your money, and you weren't watching it because you gave it to these unscrupulous crooks, because you couldn't be bothered to look after it yourself! A business owner who doesn't check his accountant's figures is a fool; and a private person who doesn't check up on his investments and funds is an even bigger one.

  42. Re:Sick of it... by Nutria · · Score: 1

    the losing side in the class war

    Look really closely at the Occupiers, and I bet you find a bunch of elitist bastards from Ivy League and other top-tier Universities.

    --
    "I don't know, therefore Aliens" Wafflebox1
  43. Ayn Rand by Anonymous Coward · · Score: 0

    Ayn Rand had it right -- it's better for us all if we are motivated by profit and a desire to do better. That said, not all profit adds value. Theft, for example, does return a unilateral profit for the thief, at the expense of others. Thus we need regulation and a policing mechanism to ensure that for-profit entities add value. Like many of the protestors, I have a hard time seeing how the disproportionate profits earned on Wall Street in recent years have added value to society. High frequency traders leverage their premium access to increase costs for everyone by fractions of a cent -- akin to noticing a surge in traffic patterns, and racing in their Ferraris to setup tollbooths ahead of everyone else in the name of increasing liquidity. Then again, cities that post excessively low speed limits in hopes of generating greater revenues are guilty of the same. Profits must come from doing better, not worse. Unfortunately, that it often difficult if not impossible to foresee.

  44. What the hell are they for or against? by Rockoon · · Score: 1

    It doesn't really seem to be that they are For or Against anything in particular. They just sorta-kinda share a common underlying dislike for folk with a lot of money, for varying different reasons.

    If they were all there protesting corporate lobbying or something similar, I would be behind them 100%. However I do not dislike folk based on the grounds that they are the owners of piles of money. I do not dislike folk based on the grounds that they pay more or less taxes than I do. I do not dislike folk based on the ground that they have nicer things than I do.

    The problems with corporations and rich folks are not how big the piles of money are. The problem is that government not only lets, but even encourages, the piles of money to hold influence over governance and further to let wield that influence to the detriment of myself and my peers. Crimes against society are not the same as treason, but they are just as serious.

    --
    "His name was James Damore."
    1. Re:What the hell are they for or against? by Bowling+Moses · · Score: 2

      Well here's what I found in a quick web search:
      1. Pass HR 1489 (reinstates much of Glass-Steagall)
      2. Use Congressional authority to investigate and prosecute criminal actions on Wall Street
      3. Congress pass legislation to protect democracy by reversing the Citizen's United decision (although personally it looks like it would take either a constitutional amendment or the Supreme Court overruling themselves to correct this blot on the nation)
      4. Congress pass the Buffett rule so that the rich and corporations pay their fair share, close corporate tax loopholes, ban hiding money offshore
      5. Congress revamp the Securities and Exchange Commission
      6. Limiting role of lobbyists
      7. Disallow the revolving door of regulators working for the industries they regulate
      8. Eliminate corporate "personhood"
      That's paraphrased from occupywallst.org

      But if you were to search around a bit longer you'd find other, related things, like auditing the Federal Reserve, reinstating a stock transfer tax like we had from 1914-1966, instituting regulations on the derivatives market, breaking up or nationalizing the "too big to fail" banks, push for a jobs bill (either President Obama's or something else), and you'll also find some un- or slightly-related stuff too, like ending "institutionalized racism, sexism, homophobia, and hostility to immigrants" which was one thing I found.

    2. Re:What the hell are they for or against? by MtViewGuy · · Score: 1

      I've said on other place we need to do several things to get the economy going again. I suggest the following steps:

      1. Government needs to be drastically streamlined to remove bureaucratic overlap, agency bloat and obsolete/unneeded regulations--such a change could easily cut the size of government 30% now, with 50% or more within 5-7 years.

      2. The income tax system--which too benefits the rich because they can afford to "work the system"--should be drastically simplified so it has very low compliance costs and encourages more savings and investment in the USA for _everyone_, not just the politically well-connected. The no-loophole flat-rate tax plan proposed by Steve Forbes back in 1996 should be at minimum what our tax system should be like, for starters.

      3. The financial system needs to substantially reigned in right now with the following steps:

      a. Require real liquidity backing for all "new" style investments like hedge funds, derivatives, and so on, or ban these investments outright as financially too risky.
      b. Require a 20% minimum margin requirement to trade in commodities futures to slow down the "churn" of commodities speculation that can result in severe spikes and dips in commodities prices.
      c. Re-impose the 1933 Glass-Steagall Act to break up the investment banks and "firewall" bank assets from the ups and downs of the stock market.
      d. Ban certain types of high-speed computerized stock trades like flash trading.
      e. Look at doing a ten-year transition process to replace the Federal Reserve Note "fiat currency" with a new US dollar backed by a combination of gold, silver, platinum, palladium, copper and nickel--the metals commonly used for bullion blocks and coins used in monetary trading.

      Do these three steps and not only will it reduce the power of corporations and Wall Street, but also way more real expansion, especially in the manufacturing sector.

  45. Can you be a tech and anti-corporate? by Anonymous Coward · · Score: 0

    What are Apple's cash reserves again? HMMMM... I am posting this through an HP, laptop, with an AMD processor, Intel wireless card, ATI video card, Hitachi Hard drive, Microsoft operating system, via an AT&T internet connection that I am sure uses Cisco routers, connecting to a server that is hosted by X company, on servers that have a minimum of the same number of separate component manufacturers listed above. Sitting in my apartment made of re-enforced concrete (corporate provided), climate controlled by Trane, on a couch bought at Haverty's all paid for by my history of jobs at more than 6 other Corporations. What did you use to post your comment? A stick and some sand? I don't think so. I don't disagree that there are many people in corporations that have used their position and power to destroy the lives of many Americans, but they have also created countless other benefits. The real problem is how accountability between the government regulators and corporations. It is a shell game that has people blaming other people all rooted in our tax system, culminating in the current party in powers attempts to keep themselves in power.

    1. Re:Can you be a tech and anti-corporate? by Altus · · Score: 1

      Just because you don't believe a corporation should be considered a person and given a disproportionately large voice in government (or given any voice in government) does not actually mean that you are anti-corporate. I know I am not anti-corp. I believe corporations are an important part of our economy and our world and I wouldn't want them to go away, but I also don't see any reason to give them the rights of a human being when they don't behave like human beings. They do not have an enlightened sense of self interest. Most don't even have plans beyond 5 years out and many will sell out their own future to make a buck now. Thats fine for a corp but its no way to run a government.

      --

      "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

  46. complex problems defy simple answers. by wierd_w · · Score: 1

    The problem, is that "wealth" in the modern age is actually an abstraction of the labor of other prople.

    You go to work, you get reimbursed for that labor with money. You spend that money for other people's labor.

    In and of itself, that isn't a terrifically bad thing.

    The problem manifests when such indebtedness can be conjured from thin air, as per the banking system.

    This allows a small handful of high capital holding interests to artificially inflate the amount of labor "owed" to them, via their holdings as currency.

    Currency should not be so artifically inflated, but should instead be based exclusively by GDP. (The use of a fixed currency like the value of gold won't work, as the natural scarcity of that commodity causes banking crashes like in the 30s.) GDP is a direct correlate to the actual power and value of that labor. This would prevent the creation of "value" from null services, like the creation of currency via loan agreements as per modern us banking.

    This alone would not solve the problem, as the very same people would simply adjust their strategies, and still accumulate power in the form of currency. Another limiting factor would be the abolishment of speculation, which would kill the stock market as it currently exists, would eliminate the "short term gains to sate the greed of shareholders" problem, and would greatly limit the speed at which plutocrats emerge, thus limiting their innate power. (It suddenly becomes less profitable to buy politicians, when the rate your coffers fill is less than the prices demanded to buy legislation. You have to be much more picky in which votes you attempt to buy.)

    Coupled with campaign finance reforms, and term limits for senators and representatives, and 90% of the problem would be corrected.

    1. Re:complex problems defy simple answers. by ace37 · · Score: 1

      I think the goals you are after here are good, but I'm not confident the proposed solutions would produce any improvement over the status quo. As your subject says I suppose.

      If we redefine currency based on GDP, we'll see GDP manipulation replacing currency manipulation. No net change, just a few changes to the rules of the game.

      If we abolish speculation by regulating the stock market, we would see a cash exodus from US markets to markets where speculation can still produce profit, and the businesses in those countries would benefit greatly from those large cash investments. Japan, the EU, and others will thank you. The US economy and the 401k accounts of working class Americans will not. You can't really get rid of gambling. Abolishing speculation would just move the dirt elsewhere, along with all the money and benefits that accompany it.

      Reform of campaign finance and congressional terms are tractable problems. Maybe the Occupy movement should start there.

    2. Re:complex problems defy simple answers. by wierd_w · · Score: 1

      Agreed. Campaign finance reforms and representative term limits would be ideal concessions for this social movement to demand, as their implementation are unlikely to manifest through any other means, and are a necessary starting point for financial system and governmental reforms.

      Other concessions that might prove beneficial would be more strict enforcement of conflict of interest laws, and protections and empowerments for non-government watchdog groups to police problems with abusive legislation and regulatory capture. (Favorite instruments of our current crop of plutocrats.) (Note, the latter watchdog groups would only be empowered to overturn denials or redactions of information from books of accounts, or established policies. Eg "national security" would not be sufficient to stonewall these watchdogs. The groups themselves would have no other power than the power to inform the voting public, and to do so without reprisal. Essentially legalized versions of wikileaks.)

    3. Re:complex problems defy simple answers. by dkleinsc · · Score: 1

      Actually, if you start with the premise that wealth is an abstraction of labor, then you very quickly get the system to break down completely when you turn labor into something that can be bought and sold directly, rather than the stuff you make with labor being bought and sold. The analysis of exactly why that happens was in fact the core argument of Karl Marx's Das Kapital.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    4. Re:complex problems defy simple answers. by wierd_w · · Score: 1

      GDP is a statistic of total output, both in terms of products produced/sold, and of services rendered.

      It does not discrimante against services, in that respect.

      Clamping the inflation of currency to GDP would only have the effect of preventing currency from being printed carte blanc. It would be an anti-inflation measure, with builtin constraints against runaway deflation. (As long as you have people, and time, you can perform services, even without consuming material resources, as per production. The constraint would simply prevent exorbitant fees from being leveled for such services rendered.)

      Currency as a means of universal exchange would still be implemented, as doing away with that currency would suffer the same scarcity issues as basing the currency on physical properties, such as gold or silver.

      Like I said, the problem is a complex one. OI am not convinced there even *is* a solution thar does not carry with it some intractable penalty. The best solution from that perspective might be a compromise of tolerance toward the plutocracy in exchange for powerful concessions against the same, a la the magna carta in great brittain. This way you have a syste that encourages the growth of wealth, but also limits the power of the rediculously wealthy from unduly compromising the governance of the nation.

    5. Re:complex problems defy simple answers. by Anonymous Coward · · Score: 0

      You might be able to combat the other 10% if you said that all congress has to telecommute. If these folks had to actually live in their districts for any period of time, it might incentivize actual concern for their districts.

    6. Re:complex problems defy simple answers. by ace37 · · Score: 1

      Your watchdog idea is interesting--I'd never really thought of implementing an government auditing organization in a form analogous to a legalized wikileaks.

      The idea not only has real merit, but since wikileaks is an easy word to use to communicate that concept concisely, your core idea can also be quickly communicated with accuracy and therefore is much more well positioned than most good ideas to spread quickly, gain a following, and finally become a reform agenda item for someone empowered to implement it.

      Please keep developing and proliferating this idea--unlike most political banter, I think this concept has a shot at becoming a reality if enough people hear about it.

  47. tired by jeneag · · Score: 1

    I don't want to get political on this site, but I'm still gonna shout it out: Ron Paul 2012! Tired of inflation, tired of gasoline prices (why we are at war for the oil?) tired of bs that comes out every single day! If you share my views mod it up. -- Californian

    1. Re:tired by Builder · · Score: 1

      Tired of being able to choose whether or not to have an abortion ? Vote Ron Paul 2012!

    2. Re:tired by jeneag · · Score: 1

      pull it out if you dont want to have a kid! very simple.

  48. Try actually watching the video by Scareduck · · Score: 1

    instead of shooting your mouth off.

    --

    Dog is my co-pilot.

  49. Re:some of the stories don't help.... by LanMan04 · · Score: 2

    "I owe $70K in tuition fees to a high end college. My parents are ultra liberals with six figure salaries apiece. I'm in the 99% boo hoo." Well, I guess that (being not in the 1%) is probably true from a strictly technical standpoint, but I have a hard time FEELING SORRY FOR YOU.

    Where ever did you get such a broad brush? I must purchase one!

    --
    With the first link, the chain is forged.
  50. We the People by rigelstar · · Score: 1

    The country is in transition as the world is in transition. As the American middle class and poor start to wake up and look around they are starting to see that American exceptionalism has become irrelevant in todays global market. Do, we the people, have any relevance today? We will see if this movement grows to the point that forces current American policy to be rethought. Right now people feel very detached from the political process. The frustration people feel is the visual equivalent of an ant trying to pull a elephant. It just does not seem that the current behavior of government, as a whole, is a reflection of we the people no matter how we vote.

  51. We are the 99% but... by justdiver · · Score: 1

    only 48% of us vote when eligible. Am I part of the 99%? Maybe, but I'd rather be considered part of that 48%. Don't get me wrong, I think it's great that people are getting riled up and ready to make their presence felt and I agree with everything they're saying, but my question is, where were the other 51% on voting days? I am 26, have +50k in student loans, but I have voted in every major election since I turned 18. I'd much rather see "Occupy the Voters Booths!" then "Occupy Wallstreet."

    1. Re:We are the 99% but... by jo_ham · · Score: 1

      At least some of them are kept away from voting, either by creation of laws designed to limit turnout, by creating long lines in certain districts by only delivering a small number of voting machines there (compared to many, many more for the rich, predominantly white, Republican districts), by mailing out flyers that deliberately told people the wrong date, or the wrong address (or pointed them to polling stations that were far away from their home, ignoring closer ones), and from ensuring that polling day is during a workday, which some people are unable to take time off from.

      Alternatively, you end up in situations where a diebold voting machines will simply record more votes for the Republican candidate in a particular district than there are people living in that district in total, but somehow this is just left to stand for some reason. Diebold blames it on "software glitches" yet somehow manages to make ATMs that can effortlessly keep track of money.

      Then of course, you have people who are just apathetic - there are certainly many of those in the 99%.

    2. Re:We are the 99% but... by DigiTechGuy · · Score: 1

      Good points, but most of this alleged 99% protesting are just a bunch of unemployed hippies passing blame for their own poor decisions. I would rather see these people in voting booths, but sadly most of them seem to have an entitlement mentality and feel they should be handed things. They would likely vote liberal and keep the status quo of liberals in power, or neocons. It doesn't really matter because both parties advance the same agenda, just different areas get advanced more quickly depending on which party is in power.

      Personally I'm about your age and have about twice as much student loan debt as you, and no degree since I had to drop out after my school royally screwed me by cancelling classes, overbilling, and pushing my time to completion out another year that I didn't budget for and couldn't afford. I think about how much easier it would be to pay off all that student loan debt if I wasn't taxed so much. While going through school I talked to a lot of students (minorities or lazy unemployed kids) who got a heavily subsidized education. Meanwhile I worked 40-60 hours a week each year I was at that school and couldn't afford to pay after they screwed me over. All I want is to be debt free (student loans are my only debt) so I can have a decent quality of life, and that's not going to happen anytime soon so long as we have socialists and neocons in power taxing the hell out of me. I too have voted in all elections since I turned 18, every time for sane candidates who respect individual liberty and limited government, in all local elections for candidated with those values or for write ins, and on local budget/spoending measured I've always voted against increased spending and increased taxation. Unfortunately the 99% don't seem to value those things, but rather value high taxes and redistribution of wealth, MY wealth.

    3. Re:We are the 99% but... by Anonymous Coward · · Score: 0

      Perhaps it's the other way around. If you can only choose between the two candidates of the money party, why bother voting? Either candidate will only work in the interest of the 1% anyway.

      How about going to the street and raising awareness that you are the 99%? That you are the ones who do all the work, without which the money of the 1% has neither value nor power. What would happen if more and more people realise that they are not alone and powerless, and demonstrate this by standing together. Perhaps the elites will get the message and rather accept some change, because being slightly less rich is still much better than risking to lose it all.

  52. Small by kenh · · Score: 3, Interesting

    I went to the park Sunday and got a first-hand look at the 'protest', and what struck me was how small the protest is. The park is slightly smaller than a half city block (size of a football field), and there were two or three tourists/observers for each sign-carrying/slogan spouting/sleeping protester.

    The lack of a central them or focus allows anyone to identify with theprotesters: against the Fed? Fractional banking? Standardized testing in schools? Tax the rich? End the wars? Against student loans? Out ofwork? Then you can find a kindred spirit in the protesters. If they focused on one thing, the majority of protesters would bolt - they sacrificed any chance of actually effecting change (in my opinion) for the appearance of larger numbers.

    The protest will implode on Oct. 15th, when they maximize their numbers, their lack of focus will undermine any advances people imagine they have made.

    --
    Ken
    1. Re:Small by Anonymous Coward · · Score: 0

      But it's a great place to score some weed. It's like lower Manhattan got their own little Phish concert. There's some groupies now too.

    2. Re:Small by Anonymous Coward · · Score: 0

      I went to the park Sunday and got a first-hand look at the 'protest', and what struck me was how small the protest is. The park is slightly smaller than a half city block (size of a football field), and there were two or three tourists/observers for each sign-carrying/slogan spouting/sleeping protester.

      The lack of a central them or focus allows anyone to identify with theprotesters: against the Fed? Fractional banking? Standardized testing in schools? Tax the rich? End the wars? Against student loans? Out ofwork? Then you can find a kindred spirit in the protesters. If they focused on one thing, the majority of protesters would bolt - they sacrificed any chance of actually effecting change (in my opinion) for the appearance of larger numbers.

      The protest will implode on Oct. 15th, when they maximize their numbers, their lack of focus will undermine any advances people imagine they have made.

      Small mind stick around and see you are WRONG

    3. Re:Small by Dripdry · · Score: 1

      Lovely, so you went there on a Sunday, when protesting doesn't do any good anyway because everyone is relaxing and away from work, and you come back here to tell us the protest is small? That's some great journalism there, Lou.

      --
      -
    4. Re:Small by joocemann · · Score: 2

      The goals have been clearly expressed several times. Pretending not to know is ridiculous, and actually not knowing is indicative of laziness or having corporations as the source for your knowledge.

      The protests are clearly about the change in national policy to benefit most people by means of removing the control corporations and bankers have over our country. You've been informed and if you use google for 5 minutes you might see that I simplified the point, but was correct.

      Make some effort to find out and you will.

  53. Left's version of the Tea Party by Just+Brew+It! · · Score: 1

    These people are pissed off -- and justifiably so! -- at the current system. And like the Tea Party, they shed more heat than light and don't have any practical suggestions regarding how to actually *fix* things.

    1. Re:Left's version of the Tea Party by Altus · · Score: 2

      How exactly is that unlike the tea party?

      --

      "In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson

    2. Re:Left's version of the Tea Party by Nimey · · Score: 1

      As has been observed by others, the teabaggers are mad at the wrong people. These folks aren't.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    3. Re:Left's version of the Tea Party by angus77 · · Score: 1

      Um...it says "like the Tea Party".

  54. Re:Sick of it... by Anonymous Coward · · Score: 0

    What makes you think civil dialog will come back in 2012? If anything the Republican obsession with destroying Clinton grew more intense in his second term. And regardless, it's not about the elections... until the right is given some antipsychotic medication, Supply-Side Jesus will keep telling them to continue the "culture war."

    The date you're looking for is roughly 1950 + 80.

  55. Re:Sick of it... by RightSaidFred99 · · Score: 0

    We have a choice - we get run by the wealthy and powerful or we get run by the rabble.

    Sorry, I pick the wealthy and powerful. The rabble have proved throughout history that they will run things to shit.

    We have a precarious balance - the rabble have the numbers, the wealthy have the power - if that dynamic shifts too much either way we're in deep shit.

  56. I find it a natural consequence of... by Omnifarious · · Score: 1

    I find it a natural consequence of holding people responsible for their actions and finances in inverse proportion to the amount of money they have or are in control of.

    1. Re:I find it a natural consequence of... by ace37 · · Score: 1

      The challenge is, since these protesters have no focus or measurable objectives, how does this movement do anything at all to fix the underlying problems? They need goals, and then they need a tractable plan. (The 1% has that much.)

      Right now, the group is doing a great job of making themselves heard. Unfortunately, the entirety of their message so far is "This sucks."

  57. It won't "accomplish" anything, but not the point by broKenfoLd · · Score: 1

    It really is a new era in politics, and in general, how humans interact with each other. In that public square over the last two years, we had a populist movement in the Tea Party that was, by its nature of being relatively grass roots, wildly inarticulate about the cure, if not the diagnosis. That movement was easily coopted by an already existing deregulatory/social politics arm of the GOP party. This movement is that movement, but without the batshit and with some articulate arguments about the need for a fix. These ideas come at us in a new public square, on Twitter, and are pretty inclusive in an overarching "The Government is bought and paid for, Fox News is bought and paid for" theme. To view the movement through a twentieth century lense is to see it as unorganized, and thus, not powerful. As someone who deals with a very profitable crowdsourcing company, I see this slightly differently. I think we are seeing the rest of America, that does not think the EPA is the devil, does not want to cut NOAA, IMLS, or Family Planning services because of rhetoric but ALSO believe we have a broken financial system and a political system purchased by a very small population. That is how I am seeing it.

  58. Late 20 years, but better late than never by Kyusaku+Natsume · · Score: 1

    The current model is just a race to the bottom for all the society.

    What the elite can't understand is that poor people can't sustain a capitalist economy, and that sick people are bad for business. I'm leftist, but I'm aware that a properly managed capitalist economy with a more or less functioning democracy can be really good for workers, like in Japan in the 80's or South Korea now. But, the model of capitalism running currently in the USA is not much different than the pseudo-feudal system running in most Latin American countries, and there is a reason why people from Argentina to Mexico risk their life to get a chance to make a shoot to the American dream: being a pariah in USA was 100 times better than being a pariah in their homeland, but now USA's elite is making every effort to run the nation into the ground, and the common american instead of focusing in improving his country was smug in the satisfaction that well, things were bad and getting worst, but at least they were living better than the mexicans south of the border or any citizen from our banana republics. Now millions of americans can't presume that.

    --
    Mexico: 100% conservative's America now!
  59. Re:Sick of it... by Anonymous Coward · · Score: 0

    It's 100% about class warfare. You know how I know?

    Because the protestors themselves SAY it's class warfare.

    And that's really it. It's a whole bunch of people who refuse to do any hard work and are upset that the people who did work hard their entire lives were (gasp) REWARDED FOR IT.

    But rather than reevaluate their own life decisions, they've decided that it's better for the "unemployable class" to take on the "successful class" and steal the money from those "evil rich people" who actually produce things and improve society.

    Ironically, though, the protests have any affected people that they claim as their own "class." No one in what they call the "ruling class" is affected. It's actually kind of hilarious.

  60. Slashdotters unite to attack whoever dares to act? by Isaac+Remuant · · Score: 2

    Sadly, I've learned most Slashdot users will talk from self-perceived position of superiority and mock any and all attempts from people to improve things, exercise their right to free speech or just try to do whatever they can to fight for their rights.

    They will gladly complain about the Evil Xs, Ys and Zs until a common person dares to do something about it and ends up being noteworthy. That's when the hate machine will come down upon him. Meanwhile, I wonder what WE do to change anything.

    Our level of constructiveness seems to be approx 1 % :/

    --
    "Science can amuse and fascinate us all, but it is engineering that changes the world. " - Asimov.
  61. What good are they? by Anonymous Coward · · Score: 0

    A bunch of people about whom can be said their singular accomplishment in life is getting a nose ring.
    Total waste of time.

  62. Silence from Washington by goldspider · · Score: 1

    While the Republican response to OWS has been predictable, is anyone terribly surprised that elected Democrats are keeping their distance?

    --
    "Ask not what your country can do for you." --John F. Kennedy
  63. Improve in increments by zakaryah · · Score: 1

    I went down to Zuccotti Park to protest yesterday and it was really inspiring. Considering how screwed up our political system is right now, I think what it really takes to raise awareness is dedication and bravery rather than carefully planned bullet points. Sure, to the average IT guy there are new hairstyles, clothing styles, odors, financial backgrounds, employment statuses etc. represented, but if you want homogeneity you can go to North Korea, and besides, you can find something to criticize about ANY large group of people. What these protesters are doing should be celebrated, and everyone who thinks our government needs to stop weighting decisions by dollars needs to join. The Wall Street protests could easily be ten times the size, and you can always say "no one will listen to them anyway" but at some point you must have your say in whatever way you can. This is a good way.

    1. Re:Improve in increments by director_mr · · Score: 1

      I went down to Zuccotti Park to protest yesterday and it was really inspiring. Considering how screwed up our political system is right now, I think what it really takes to raise awareness is dedication and bravery rather than carefully planned bullet points. Sure, to the average IT guy there are new hairstyles, clothing styles, odors, financial backgrounds, employment statuses etc. represented, but if you want homogeneity you can go to North Korea, and besides, you can find something to criticize about ANY large group of people. What these protesters are doing should be celebrated, and everyone who thinks our government needs to stop weighting decisions by dollars needs to join. The Wall Street protests could easily be ten times the size, and you can always say "no one will listen to them anyway" but at some point you must have your say in whatever way you can. This is a good way.

      What I find hilarious, but also pathetic, about your post is the only thing you say is that you protested. You consider yourself dedicated and brave and think you have helped raise "awareness". Yet you haven't really specified what you are protesting or what you want to change except in the most generic and vague of terms. The only thing I can ascertain is you think the political system is screwed up (a common complaint going back to the beginning of documented history) and that our "government needs to stop weighting decisions by dollars". You haven't raised anyone's awareness by even the most remote speck, and I wonder if you are even aware of what you want except some romantic "be dedicated and brave" fiction you have in your head.

      You are the reason everyone makes fun of these protesters. Someone with real political aims is going to take you and a bunch of like-minded friends of yours and use them to his or her own ends, and the rest of us are going to have to deal with the fallout. You are the people's revolution of China, the Hitler's Youth Brigade, the Iranian Revolutionary, the Stalinist of our day and time. I can only hope you get yourself educated and figure life soon.

    2. Re:Improve in increments by zakaryah · · Score: 1

      Well, the post was titled "Ask Slashdot: how do you view the Wall Street protests?" and my answer was that they are inspiring, more relevant than indicated by the media, and if they grew in size they could really get the attention of a congress which is otherwise dumb deaf and blind towards its electorate. What I find hilarious, but also pathetic, about your post, is that by demanding I address issues which are not essential to the discussion at hand, you are able to determine that I am uneducated politically, and the same as the Chinese cultural revolution, the Hitler Youth Brigade, etc. I wonder what information you use in general to reach conclusions, and how this determines your political ideas? As I indicated in my post, there are a variety of problems that most people can see. Some that I think are especially important are overturning the Citizens United decision, eliminating tax loopholes for the wealthy (capital gains, etc.), shifting education funding away from local property taxes and towards taxes collected at the state or federal level, establishing a cabinet secretary dedicated to the quality of life and political representation of the citizen, limiting more stringently the leverage ratio of banks while increasing their liquidity and capital requirements, funding research and development for sustainable energy, and nationalizing health care. I'm sure there are important issues that others see as more problematic. I think unifying dissatisfaction over several topics, by highlighting the disproportionate political power of corporations, and banks in particular, can strengthen the movement politically. I notice that you are quick and severe in your attack, but you yourself say nothing about your political beliefs while condemning me for not being more specific about mine. Do you support the status quo, or do you have a superior protest I can join?

    3. Re:Improve in increments by director_mr · · Score: 1

      The problem is "occupying wall-street" is meaning so many different things it is the same as meaning nothing. The reason I was quick and severe with my attack is that when someone is taking the time to protest, one would assume they should spell out what they are protesting and explain what they feel the better alternative is. I, myself, am not protesting or occupying wall street. The reason is I don't know really what the movement stands for, and I worry their efforts will be subverted by more politically savvy people.

      When you are concerned about companies influencing government too much, how are you solving these problems by putting all of the power of a sector in the hands of the government (education, health care, sustainable energy)? It sounds to me like you are going to get way more of the problem you are protesting by achieving the aims you are looking for.

      I think you are naive in thinking your aims are not going to be subverted by, say, public sector unions, or some big healthcare business. I also think you haven't really thought through what your goals will actually bring you in the real world. Are we going to fund sustainable energy like we funded Solyndra? That is having the government pick a winner, and destabilizing the market you want to promote. I don't want the government pissing away my money like that, and wall street (what you protest) does a better job of funding winning technologies. When my money goes to the Federal instead of state government, who do I hold accountable for my school? What difference will a cabinet secretary "dedicated to the quality of life and political representation of the citizen" make? That is the most ridiculous thing I've ever heard of. Don't we have the house of representatives and senate for that? So now, instead lets have our president decide on some guy to represent us instead of our own votes? Why not just never vote and let the political class make all of our decisions?

      The more I hear the specifics of what you want to accomplish, the more I discover although I am unsatisfied with politics and wall street, what you want to do will make nothing better. That is why the specifics are so important.

  64. Open Source Protest by DustoneGT · · Score: 1

    The reason there is not one coherent set of commands is that anybody can join the protest using the platform. Some demands are bigger than others, but opinions differ wildly among the protestors.

  65. Here's what I'm protesting for: by mrquagmire · · Score: 1

    1. End / severely limit corporate spending in politics.

    2. Not-for-profit healthcare. I didn't say free, I said not-for-profit.

    3. Corporate executive responsibility reform - make CEOs and their ilk personally responsible for their decisions.

    4. Extremely simplified tax code with no loop holes.

    5. Honest to goodness real welfare reform. No more handouts for people not interested in contributing to society.

    I'd be happy with just #1.

    --
    giggity
    1. Re:Here's what I'm protesting for: by faldore · · Score: 1

      mod parent up

    2. Re:Here's what I'm protesting for: by director_mr · · Score: 1

      1. End / severely limit corporate spending in politics.

      I am all for this. I don't see why anyone who is not an individual should be able to donate to politics.

      2. Not-for-profit healthcare. I didn't say free, I said not-for-profit.

      There could be severe problems tied to this, and you may want to rethink your position. When you take profit motives out of a sector, you limit development and improvement of it. The best minds go to where they can improve their lives the most. So if someone finds a way to treat cancer twice as well for half the price, but they have no way of profiting from it, why should they take the risk of trying to get their treatment approved and used? You would see healthcare quality go down or so many loopholes that the legislation would be meaningless here.

      3. Corporate executive responsibility reform - make CEOs and their ilk personally responsible for their decisions.

      You need to further explain what you mean by this. If a CEO is not doing anything illegal, what are you wanting them to be personally responsible for? Are you simply meaning they should be paid through stock options and not by money?

      4. Extremely simplified tax code with no loop holes.

      I whole-heartedly agree. A flat tax would be great. It would make everyone think equally about whether government programs were a good idea or not. Of course this is exactly why the tax code probably would not pass.

      5. Honest to goodness real welfare reform. No more handouts for people not interested in contributing to society.

      I agree with this as well. But the problem is with how you implement this, in my opinion, rather than just the sentiment that welfare needs to be reformed. And what about subsidies, medicare, medicaid and Social Security? Why just one part of it and not all? How do we reform all government subsidies and handouts in a way that is fair, compassionate but also realistic?

    3. Re:Here's what I'm protesting for: by pxc · · Score: 1

      2. Not-for-profit healthcare. I didn't say free, I said not-for-profit.

      Thank you! Finally someone who gets it. We can't pretend that services like healthcare are free, but at some point we have to acknowledge that a for-profit healthcare system can only succeed by maximizing revenue and minimizing payouts — i.e., by providing as little actual healthcare as possible.

      There is plenty of space between recognizing that the capitalist model doesn't succeed in providing certain services on the one hand, and magical thinking about ‘free’ public services on the other.

    4. Re:Here's what I'm protesting for: by JDAustin · · Score: 1

      1. End / severely limit corporate spending in politics.

      As a conservative, I'd agree to this under one condition. Labor unions would now be considered corporations and therefore fall under all the same rules (including accounting).

    5. Re:Here's what I'm protesting for: by Anonymous Coward · · Score: 0

      2. Not-for-profit healthcare. I didn't say free, I said not-for-profit.

      There could be severe problems tied to this, and you may want to rethink your position. When you take profit motives out of a sector, you limit development and improvement of it. The best minds go to where they can improve their lives the most. So if someone finds a way to treat cancer twice as well for half the price, but they have no way of profiting from it, why should they take the risk of trying to get their treatment approved and used? You would see healthcare quality go down or so many loopholes that the legislation would be meaningless here.

      Using your example I come to the opposite conclusion. The pharmaceutical company (not the researcher) is the one with the money-incentive. Why should it even try find a real cure for your illnes, if it can make more money wth a "cure" that you will have to take for the rest of your life, because it just surpresses your illnes (or simply treats the symptoms instead of the illness).

      Now let's assume a different model, where drugs can't be patented. The money saved in drug prices is put into 100% government funded research and approval instead. If you really think the only incentive for the researcher is getting lots of money, put a nice bounty on curing cancer in addition to his regular wage. Now you have a real incentive to find a cure and the cure will be cheaply available once researched.

      With health-insurance it's essentially the same. As long as you are healthy anyway, they will happily take your money. Once you become seriously ill they will try everything they can to avoid paying and kick you out, because you are no longer generating a profit for them.
      In contrast to that a public single-payer system will be cheaper because it doesn't have to make a profit. You also won't lose it just because you happen to have the bad luck to actually need it.

  66. Re:some of the stories don't help.... by King_TJ · · Score: 1

    I'd tend to agree, but there's also a case to be made that the Federal student loan program illustrates the disconnect we operate under. What am I talking about?

    Well, consider this. Our government SUPPOSEDLY has legislation helping ensure we don't rip each other off or steal from each other, right? Yet we don't have such a thing as a debtor's prison anymore, and if one simply files for bankruptcy, it's possible to wash away pretty much all of your existing debts to other individuals or private businesses. The only debts they won't let you walk away from are the ones owed to the GOVERNMENT itself (such as those Federal student loan debts, or tax debts owed to the IRS).

    There's a double-standard, in other words. Break your promise to repay your government, and there's no way out. In fact, refuse to pay what you owe in taxes and risk imprisonment. Break your promise to repay the furniture store you bought all that new furniture from on the "0% interest until 2013!" financing special they offered you, or the debt you ran up on your credit card,or that personal loan you got from Prosper.com from individuals who bid on it? Well... your credit score will take a hit but that's about it. Sucks to be anyone who trusted your promise to repay them.

    Furthermore, government is perpetuating the LIE that spending loads of money for a "good education" is the wisest financial move you can make as a young person. Reality is further and further from the truth, as the big colleges and universities prove all the time, burying students in debt while they're unable to get good paying jobs with the diploma they worked so hard to get.

  67. That's my big issue with them by Sycraft-fu · · Score: 5, Insightful

    I want to know two things:

    1) What are your problems? Not some random vague laundry list like "Wall street is bad," or "The rich suck." A short, specific, list of the things you believe are big enough problems that they warrant protesting over.

    2) What shall we do about them? Just whining that there are problems is not useful. Propose solutions. Real, workable, solutions. Understand what the tradeoffs for those solutions are (all actions have cost) and be ok with that.

    If you can't identify what it is your goals are and how you might go about achieving them, then I can't really support you because I don't know what I'd be supporting. Also I don't think there is much chance of success.

    If you look at the successful stuff along these lines. Like, say, the civil rights movement they had precisely what I was talking about. They could clearly define the problem (that minorities were not treated the same as whites) and the solution (require the same treatment under the law) they desired. There was a goal being worked towards. It was something people could rally behind, and did.

    So these people need to figure out what they want and how it should be done, and be able to state that in a cohesive fashion. Until then, I can't be supportive because I won't support something unless I understand what it is I'm supporting.

    1. Re:That's my big issue with them by nbauman · · Score: 1

      I want to know two things:

      1) What are your problems? Not some random vague laundry list like "Wall street is bad," or "The rich suck." A short, specific, list of the things you believe are big enough problems that they warrant protesting over.

      They keep telling you. Why do you have so much trouble understanding
      http://www.dailykos.com/story/2011/10/10/1024469/-But-what-do-they-want?detail=hide&via=blog_1

      2) What shall we do about them? Just whining that there are problems is not useful. Propose solutions. Real, workable, solutions. Understand what the tradeoffs for those solutions are (all actions have cost) and be ok with that.

      I spent a day talking to people in Zucotti Park (otherwise known as Occupied Wall Street). They told me that they were in the process of deciding their strategies. That's the big job right now. Democracy is tedious. (The fact that the police wouldn't let them use a sound system didn't make it any easier.)

      If you want a formal program with goals and outlines, try the Communist Party. They're better organized. They're up by Union Square.

      If you can't identify what it is your goals are and how you might go about achieving them, then I can't really support you because I don't know what I'd be supporting. Also I don't think there is much chance of success.

      It doesn't sound like this is the movement for you.

      If you ever decide that your way isn't working, we'll be around. Look for the red flag.

    2. Re:That's my big issue with them by gilgongo · · Score: 5, Insightful

      What are your problems?

      Banking should be a service to industry that facilitates socially useful capital and equity, not be an industry in its own right. The social good derived from (say) derivatives shorting is vanishingly close to zero.

      1) What shall we do about them?

      (I think this has been articulated rather clearly by the movement to anyone wishing to ask). Re-introduce the Glass-Steagall Act, impose a transaction tax (eg 0.01%) on every trade of any kind performed on the stock markets, and re-balance shareholders' interests against equity build using suitable regulatory legislation.

      So - what say you?

      --
      "And the meaning of words; when they cease to function; when will it start worrying you?"
    3. Re:That's my big issue with them by Sycraft-fu · · Score: 1

      Ok fine, if this "Isn't the movement for me," I'm ok with that. Just don't ask for me support then. My way is, in fact, working just fine. I have a good life, I'm happy, and so on. I don't feel the need to protest anything. However, that doesn't mean I might not support others that do. However I only will if I feel it IS "the movement for me."

      By the way, that comic is a GREAT example of what I'm talking about. It keeps screaming about "economic injustice," without defining what they mean. I understand the general term, but what precisely do they feel is unjust? Then, as I said, what needs to be done? The proposed solution goes a long way to if I'll support it. For example if their solution is communism, then no I can't support that.

    4. Re:That's my big issue with them by nbauman · · Score: 1

      You will have to do some work to find out the answer to your question.

      I suggest you start out with Paul Krugman's columns at the New York Times, since he's an economics professor and can explain these things well. http://www.nytimes.com/2011/10/07/opinion/krugman-confronting-the-malefactors.html

    5. Re:That's my big issue with them by Anonymous Coward · · Score: 1

      I read an article sometime last week that interviewed one of the key organizers(?) of the protest. He said they were keeping things intentionally vague to build a protest culture that would continue past these issues. For me it is great to get people together about a huge issue that everyone ignores; not so great that these people want to keep protesting to get whatever they might want in the future without regard to societal costs (Greece).

    6. Re:That's my big issue with them by Azghoul · · Score: 1

      Is it possible to argue that something sucks without having a good idea of a solution?

      It's not like it's a easy problem to solve. If it were, it'd be done already.

    7. Re:That's my big issue with them by Sycraft-fu · · Score: 2

      In general, that sounds pretty good. I'd wan to know a bit more about what "re-balance shareholders' interests against equity build using suitable regulatory legislation," given that it contains a lot of buzzwords which I often find to be code of people obfuscating what they really mean.

      However reenacting GS and a transaction tax could both be very good things.

      That said, I've not seen that out of the protests in any way, shape, or form. If they do clarify with that as a goal, I'll support it 100%.

    8. Re:That's my big issue with them by roman_mir · · Score: 1

      Here is a list of demands, there is a link there to the original source and I look at it in detail.

    9. Re:That's my big issue with them by artor3 · · Score: 1

      1) The rich have been leeching away public wealth to line their own pockets. People who gamble other people's money for a living make thousands of times more money per year than those who do actual, back-breaking labor. They make this money even if they lose their gambles (and remember that money they are gambling is the retirement funds of those aforementioned laborers). They use this money to corrupt the government in order to enrich themselves even further, for example by creating special loop holes so that they pay a lower tax rate than those laborers.

      2) We should raise personal income taxes, a lot. Income over $250k should be taxed at 40%. Income over $1M should be taxed at 50%. Income over $10M should be taxed at 80%. They'll still have more than enough to buy their mansions and yachts and private vineyards. This money should be used to provide a safety net for the people at the bottom of society, providing them with a guaranteed minimum quality of life. Not enough for luxury goods, but enough to give them food and shelter and medicine. We will know we were successful when the richest man in the country makes "only" one thousand times as much as the poorest.

    10. Re:That's my big issue with them by TubeSteak · · Score: 1

      1) What are your problems? ...

      2) What shall we do about them? ...

      http://coupmedia.org/occupywallstreet/occupy-wall-street-official-demands-2009
      The web page is evolving and you have to essentially read it in reverse order to see the progress
      the chronological order is (AFAICT):

      1: Declaration of the Occupation of New York City (11 demands)
      2: Below Is The Original List of Proposed Demands and Voting Links for #Global Revolution (17 demands)
      3 and Most Recent: LIST OF PROPOSED "DEMANDS FOR CONGRESS (8 demands)

      The most recent set of demands (#3) has Voting Enabled.
      When you go to the voting section, there are actually 24 options in the drop down.

      IMO, the actions they are calling for are specific and understandable consequences.

      /The page hasn't changed in a few days, but your mileage may vary

      --
      [Fuck Beta]
      o0t!
    11. Re:That's my big issue with them by Chris+Mattern · · Score: 1

      They keep telling you. Why do you have so much trouble understanding
      http://www.dailykos.com/story/2011/10/10/1024469/-But-what-do-they-want?detail=hide&via=blog_1

      Eliminating "Economic Injustice" isn't a specific goal. It's a spongy buzzword which everybody gets to define that way that makes *him* feel warm and fuzzy inside. When it comes time to implement it, it falls apart when everybody suddenly realizes that they didn't really all agree on what needed to be done after all.

    12. Re:That's my big issue with them by Chris+Mattern · · Score: 1

      Yeah, I've seen those. Dog-barking moonbat insane. They couldn't make a better effort to completely destroy the already wounded US economy if they studied it for five years. If that's actually their agenda, I'm against it. I'll donate money to prevent it from happening and I have *never* given money for a political cause before.

    13. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      I think I found something that resonates with me and I think would resonate with those folks too. http://www.rebuilddemocracy.org/

      Although I think guys have aimed high I think we will not have anything like a government for people until these things are done at least.

    14. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      Here, Ben and Jerry's Ice cream company seems to get it. http://www.deathandtaxesmag.com/149476/ben-jerrys-becomes-first-high-profile-company-to-support-occupy-wall-street/

    15. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      Agreed. They are not justified to stay until they have put forth conditions whereby they'll leave. I just feel bad for the 99.99% of honest workers in the area that have to put up with the .01%. http://video.nytimes.com/video/2011/10/07/multimedia/100000001098525/living-on-wall-street.html

    16. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      A
      1. My problem is that systems resistant to acclimation experience extinction due to evolutionary forces, and those in our Government don't care -- It won't collapse during their term.

      2. As outlined in the US Declaration of independence, It is our duty as statesmen to eradicate the oppressive system and replace it with a better one.

      ---
      B
      1. My problem is that Gerrymandering and Lobbying are being used to make Corporate votes the only votes that matter.

      2. What the fuck else can I do?! We're all politically neutered and angry. I say, burn shit down? See A.2 above.

      ---
      C
      1. My problem is that the Stock price of a company depends on feelings and not the actual worth of the company; The High Frequency Trading magnifies this effect. Yahoo's service didn't improve when MS was rumored to be purchasing them, yet their price went up. Their service didn't go to shit when the MS deal fell through, yet their stock price fell below it's original value... Price = Opinion. What are your opinions of the housing market? About as well as its doing, eh?

      2. What I can do about this is only invest in companies that are not publicly traded, and do not let my own company participate in the stock market. However, 401k == Mandatory Life Raft for the Stock Market -- It's damn near legislated into existence. So I cut back on spending and employees to limit the stock market tie-in... Great, that's even worse. What I really need to do is somehow bring about a huge enough crash to get people to abandon the flawed system; but this has already happened, several times; People just are too stupid and refuse education in this capacity. The government must step in, but they're controlled by the Lobbyists, ergo the companies that have the most presence on Wall Street. See B.1

      So, I say we toss the government out, or just wait -- I don't want the destruction to happen, but you can't fight Laws of Nature.

    17. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      You want specifics? Here's my problem. And I'll do it one better, as you suggest, by phrasing it in the form of a solution:

      Limit campaign finances to some modest amount for personal donations made per year, and ZERO for organizations whether they be companies, unions, or some other organization trying to BUY political influence. All these organizations can still have influence, but it should not be purchasable at rates far in excess of what most ordinary voters can afford. Same for personal donations. I'm all for them, but it isn't right that a millionaire or billionaire can always purchase more influence of politicians than an ordinary Joe. Set the limit at $1000 or so per person per candidate/party per year. Unconstitutional, you say? Other democratic countries manage to set limits on the way that money can distort democracy. Emend it if you have to. Elect people who are for such a change. Yes, the current politicians are feeding at the trough and are unlikely to go for it. Eject them by voting for someone who will support clear and reasonable campaign limits. This isn't an issue of the "left" or the "right", the "up" or the "down", or whatever other polarizing oversimplification you want to make up. This is about restoring people's votes to what they are supposed to mean: that each eligible adult gets the same voice as everyone else in deciding things through our representatives. That when ordinary Joe or Jane votes it matters as much to Mr. or Mrs. Politician as the vote of a millionaire in their gated community. It's something that everybody should be able to get behind, including the very rich if they care about real democracy. Everyone across all parts of the political realm knows this is a problem. Something needs to be done.

      Solve that problem and all others are manageable with plain, old, responsible democracy that pays attention to all its constituents. That's not saying those other problems are easy or don't deserve prompt attention, but it will be a lot easier when money doesn't talk much louder than the votes of ordinary people.

    18. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      I'm not on the front lines, but here's my take on OWS:

      1a) The rich are insanely rich, and while we're not anti-capitalist, at a time when we have high unemployment, poverty, huge deficits, unpaid wars, lots of foreclosures, and other economic injustices, the rich need to step up and pay their fair share.
      1b) The government is in bed with Wall Street, and is also paralyzed into inaction by split control. Yet we vote for the government to be for the people, not for the moneyed interests.

      2) What we should do: there's lots of problems, but we're still a representative democracy, which means ultimately it is Congress that has to solve them. What we're mainly protesting is the fact that Congress is not doing its job. So by protesting continuously and peacefully, we expect the government to start listening to the problems of its constituents, and taking action.

    19. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      What are your problems?

      Banking should be a service to industry that facilitates socially useful capital and equity, not be an industry in its own right. The social good derived from (say) derivatives shorting is vanishingly close to zero.

      1) What shall we do about them?

      (I think this has been articulated rather clearly by the movement to anyone wishing to ask). Re-introduce the Glass-Steagall Act, impose a transaction tax (eg 0.01%) on every trade of any kind performed on the stock markets, and re-balance shareholders' interests against equity build using suitable regulatory legislation.

      So - what say you?

      I'll toss in:

      End abstention = assent to the board's position (a new law). This isn't bad, it just means only votes cast count. Right now if someone doesn't mail in a proxy form (or it is lost in the mail) their shares automatically vote with the board's position. I'm sure politicians would love this kind of system too.

      Too big to fail = too big to exist. If you get that big, guess what Charlie? Yeah, you have to split apart. No more bailouts.

      Eliminate all employment contracts equal in bankruptcy. No more C-level employment contracts getting paid out before anyone else. Heck, the company failed with that particular group of C-levels anyway, they should just be kicked to the curb.

      Compensation advisers cannot be employed by company A & B if someone from company A (or B) sits on the other board.

      My problem is more with the significant (lack) of actual corporate governance. There are no checks to balance some of these serial failures. I mean, I've heard of failing upwards, but it's gotten to be so bad that the corporations are looking more laughably bureaucratic than the government. Heck, it's beginning to look like a Corporatist Kleptocracy at this point.

    20. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      I'll tell you my problem and why I sympathize with OWS:

      1) I have a problem with the titans of Wall Street shipwrecking the economy with their risky derivative trades, blaming the government for not regulating them enough as a way of deflecting the investigations that should be result of their conspiracies to commit fraud (Goldman Sach's pushing products to investors on one side of the house while betting against those same products the another) out of one side of their mouths WHILE corrupting our democracy to the point where an entire opposition party seriously champions that _regulation_ on the so-called "job creators" that caused this mess is THE PROBLEM out of the other.

      What should we do? We should end CORPORATE PERSONHOOD, an idea that amoral corporate entities are entitled to the same rights as individuals. Especially when in practice corporations are typically given more rights than individuals.

      2) I personally don't think that the rich "suck". I do think that we have a system with a flawed incentive structure. Anytime you have politicians screaming about the deficit while defending subsidies to oil companies visiting their highest profit margins ever, your incentive system is flawed.

      I'm not even a big regulation guy. I'm actually conservative... however even I recognize that there is something wrong with blaming burdonsome over reaching government for over regulation while you laugh on your way to the bank, but then when your oil rig blows up, kills a couple people, dumps millions of gallons of oil into the ocean and injures industries from tourism to fishing, you shouldn't be able to go back to that SAME "big government" and ask them to CAP YOUR LIABILITY FOR YOU.

      What do we do about it? We should strengthen federal disclosure laws so that people can tell which protests are sincere and which are mercenary.

      Let's not even discuss the role of the Federal Reserve, much of whom's "flexibility" is antithetical to the concept of a government built upon a system of checks and balances.

      What can we do about it? We can do a much better job of auditing and overseeing the Federal Reserve. We can require that they obtain significant approval before investing American taxpayer dollars abroad to prop up foreign institutions.

      As for the civil rights movement-- the road to the Civil Rights act was far too long to fit within the sound-bite that you seem to be looking for. Although MLK and Rosa Parks get much of the credit for its success, it has roots since long before Reconstruction and into Slavery. To look at it's full history, you'd have to include Nat Turner and John Brown, the Buffalo Soldiers, and the Tuskeegee Airmen. What you call "a successful protest" was over 100 years in the making with plenty of sputters and false starts made by individuals (black and white) desiring to see change in their lifetimes.

      I don't have a problem with the fact that corporations make money. I have a problem with the fact that they are allowed to use their money to corrupt our system of government to the point where it makes it nearly impossible to get good policy difficult if not impossible to achieve. It's not necessariliy even the people. It's the incentive structure that needs to be addressed.

      What do we do about it? We reveal, re-examine, re-evaluate, discuss, reimplement and where necessary replace some of the policies that got us into this mess.

    21. Re:That's my big issue with them by nbauman · · Score: 1

      When I went down there and talked to people, the one issue that kept coming up repeatedly was economic injustice.

      They repeatedly cited statistics that 1% of the population has a disproportionate share of the income and wealth. If you want specific numbers and definitions, go to Paul Krugman's column in the NYT.

      If you want a specific goal, it's to eliminate that injustice. People said we should be more like Finland, which has essentially no poverty.

      If you want strategy -- that's what they're discussing. It's a diverse group and they don't all agree on everything. They're not sure what to do. They have to figure it out. It took a while for the American revolution to figure out what they were going to do.

      If you're not comfortable with that -- sorry. It's their movement, and they can run it the way they want.

      If you have a better idea, start your own demonstration.

    22. Re:That's my big issue with them by istartedi · · Score: 2

      The social good derived from (say) derivatives shorting is vanishingly close to zero.

      Go the the Options Industry Council and educate yourself.

      Whenever people say stuff like this, I'm reminded of Ned Flanders not carrying insurance on his house because, "it's a form of gambling". It's funny because it's true. Options are just ways to insure your portfolio. Yes, you can also use them to place really big crazy bets that can wipe out entire corporations, and even throw whole sovereigns into a tailspin. That's not a problem with derivatives. That's a problem with letting Homer Simpson run your options trading desk.

      --
      For all intensive purposes, "whom" is no longer a word. That begs the question, "who cares"?
    23. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      I'm tried of taxes. They seem to introduce inefficiency and bureaucratic bloat.

      How about this, instead of a tax, it's a nullification. So instead of skimming .01% money, it just destroys it.

    24. Re:That's my big issue with them by Chardansearavitriol · · Score: 1

      Ideals dont just burst out of nowhere, fully armed and ready to go. Ideals require agreement. It doesnt help that there are two seperate protests (the anti-US imperialism is not the OWS protest. They just tend to both be leftwing groups, but have very little to do with one another.) Look at this as step 1. We cant just magic up some ideals and some decisions out of nowhere. That wont work. So now the only way to do so, what with the rightwing trolls and all, is to stop playing on the itnernet and meet face to face. Much harder to disrupt such things. Thats whats happening. Will these protests single-handedly solve everything? No. That would be astounding and kinda weird. But it got attention. If getting attention to your cause means anything, this has succeeded. If you want everyone to understand the twofaced rightwing attacks, this is bringing them into hte open. This wont be a gate-toppling revolution. But then that was never its goal. You see this thread, you see 800+ comments, on SLASHDOT? (not known for being overly political.) A resounding success from my point of view. What happens after this is important. And, sadly, im sick. So all i can do is observe from the balcony.

    25. Re:That's my big issue with them by rraylion · · Score: 1

      impose a transaction tax (eg 0.01%) on every trade of any kind performed on the stock markets

      that is done already -- through capitol gains tax , transactions fees, commision, and SEC fees

      capitol gains is what 15% on any gain but not on losses, cause come on how can you tax loss of money?

      transaction fees, a per trade fee that is imposed by banks for processing the transaction

      commissions, a per trade fee either in cents per share or basis points ( percent of a percent) for executing orders

      SEC fee $19 on every million dollars traded in equities for payment to a federal agency that monitors markets to keep them fair to all.

      --- what new tax do you desire and who gets that money?

    26. Re:That's my big issue with them by Seeteufel · · Score: 1

      From an outside perspective, I think the message from Nader is just great. That inspired me a lot but it would be considered mainstream common sense in Europe while its a fringe view in the United States. I think it was a good idea to finally confront Wall St. The United States citizens are brainwashed to believe that a free market means excessive control of mega-corporations over the political process while at the same time corporations have to be shielded against regulatory interference. Quite the opposite, from an Austrian Economics perspective the role of a government it to set the rules under which competition in the market takes place. Law and order. The US views correspond to a leninist caricature of global capitalism which he called "imperialism". Americans have to rebuild their political system and have to get a modern contitution without cruft. What is special about the Us protests is the lack of education and direction of protesters, a lack of methodologies in political advocacy and a lack of access to media. The Spanish camps were better organised and more result oriented. Given the size of New York, it should normally not be a problem to get 300 000 protesters, you even get that in smaller nations. I found the Leipzig Monday protests in Oct 1989 very inspiring which finally lead to the collapse of the Berlin wall, Nov 9. So how about Wall St? In the Leipzig demonstrations churches were instrumental to make the state socialist regime collapse. For Americans reform is quite easy, they just have to follow the Swedish governance model.

    27. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      We the people want a government that is governed by the people for the people. What ever happened to that? Everyone is talking about Wall Street because that was the tipping point, but how long has the MPAA/RIAA controlled our politics? Why do we allow a few corporations control our laws and our government? What happened to our voice?

      This is how I feel and why I stand behind them.

    28. Re:That's my big issue with them by TERdON · · Score: 1

      impose a transaction tax (eg 0.01%) on every trade of any kind performed on the stock markets

      Have they properly understood the implications of introducing a Tobin tax? Especially the unintended ones, such as flight to foreign or otherwise unregulated markets, added bureaucracy, etc?

      --
      I have a really elegant proof for Fermat's last theorem. If this sig was only a bit longer...
    29. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      This.

    30. Re:That's my big issue with them by nbauman · · Score: 1

      We've got a problem with demonstrations.

      We used to have big demonstrations, but it's hard to get them together any more.

      One of the problems is that our "leaders" don't encourage big demonstrations. The unions, the politicians, want to control everything.

      When the Ukranian Supreme Court gave an election result that the U.S. and its sponsored Ukranian party didn't like, they organized a million demonstrators to show up in front of the Supreme Court and protest.

      When the U.S. Supreme Court violated the Constitution and gave the election to George Bush over Al Gore in 2000, the Democratic Party just accepted it.

      As the socialist presidential candidate Eugene Debs said, you can't depend on leaders. You have to lead yourself. Of course they put him in jail.

    31. Re:That's my big issue with them by trout007 · · Score: 1

      1) There is a partnership between the Federal Reserve, Big Banks, and politicians. Here is how works. They all want to get and stay rich without actually producing anything of value. The biggest crooks are the banks. They basically get to create money out of nothing and lend it out for interest. They can pay themselves insane salaries because of this. By creating money they are no better than a common counterfeiter stealing the wealth of a nation. The reason they can do this is the politicians write the laws to make it legal for them to do it. What is in it for the politicians? Power. The banks counterfeiting allows the politicians to spend on every type of entitlement without raising taxes. They can do this because the Federal Reserve (head of the banking cartel) is there to buy treasury bonds. This way the crooked politicians stay in power to keep the laws on the books that keep the crooked bankers siphoning wealth off the country.

      2) The solution is to return to commodity backed 100% reserve money. We could use paper money that is based on a fixed mass of the commodity. So you could have a 1 g, 5g, 25g Gold, Silver, Copper pieces. It would be like WOW but without an artificial exchange of 100 to 1 from each metal. These would be allowed to float which is pretty easy with today's communication.

      --
      I love Jesus, except for his foreign policy.
    32. Re:That's my big issue with them by ed1park · · Score: 1

      1. Stabile markets. I'd add a 100% capital gains tax on all investments under 1 year that Warren Buffett mentioned.

      2. Corporate responsibilty. Severe penalties to executives involved in corporate negligence and corruption. Madoff, Enron, etc. execs would be put to death or prison 20+ years. Others execs who made millions from corporations they helped bankrupt or destroy would loose any money/stock from their time there within one year of their termination. No golden parachutes. No laws should limit the liabilities and protect companies like BP from the disasters they create out of negligence.

      3. Eliminate conflict of interest. Boards or agencies responsible for overseeing an industry cannot be in bed with the people they regulate. Like Japan's nuclear power plants and the safety commission resulting in the Tsunami disaster. Royal fuck ups need to be dealt with severely. Agencies, upper and lower level management would all be criminally and financially liable for a BP/Fukushima type fiasco.

      4. Elimination of patents and the the ability of a corporation acting as a person living in perpetuity and hoarding a warchest of them.

      5. Too big to fail? You get split up or you become subject to government regulations like a utility.

      Those are just some off the top of my head. :)

    33. Re:That's my big issue with them by WoOS · · Score: 1

      Re-introduce the Glass-Steagall Act,

      In addition

      • * Prohibit risk-sharing between the then investment banks (lest one failing may pull down all).
      • * Make it clear to everyone that investment banks can and will go bankrupt from time to time and there will be no replacement of losses.
      • * Set maximum credit rating investment banks can have against the 'real' banks (lest all the money ends up at the investment banks again and they need bail outs to save grandma's savings
      • * Have a whitelist of dealings the 'real' banks are allowed to do.
      • * Make creative interpretations of regulation by 'real' banks punishable as defraud (claimant: the government due to increased risk of bail-out)
      • * Demand risk sharing (e.g. insurance) between the 'real' banks so less government bail-outs are necessary should an individual bank fail despite the low risk dealings they are only allowed to do.

      Result: The investment banks can do whatever pleases them but will have massive problems of getting capital. Especially after the first goes bankrupt due to some 'rogue trade' (of course completely against company policy)

    34. Re:That's my big issue with them by complete+loony · · Score: 1

      "Debts that can't be repaid, wont be repaid" (Michael Hudson). The only question that remains is how we aren't going to repay them. We need to abolish the debt that should never have been issued, or inflate our way out of caring.

      You want to print money to fix the immediate problem? Fine, that might work to trigger the right kind of inflation. But you're not thinking big enough. We need an additional 20 trillion dollars in the US alone to counter-balance all of the credit that is disappearing from the economy. And don't give it to bankers, it wont trickle down. Even if you believe the money multiplier myth, the last thing we need is more debt. Spread the extra cash out to everyone equally.

      People are greedy and we can't change that, but we need to stop issuing ponzi-finance to speculate on existing assets. If the only way you can make money on an asset is finding a greater fool willing to borrow more, society is worse off. When you run out of fools, the entire house of cards will come tumbling down. We need to break the feedback loop between increased leverage and inflating prices. We need to change the way existing asset values are measured so they're not based on how much some banker is willing to lend.

      --
      09F91102 no, 455FE104 nope, F190A1E8 uh-uh, 7A5F8A09 that's not it, C87294CE no. Ah! 452F6E403CDF10714E41DFAA257D313F.
    35. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      Yes, of course what we need is one more law. This way the regulators who create policy based on the new laws can enforce (read: turn the guns of government on you) hundreds of new "policies." That will fix it all.

    36. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      What the fuck is, "socially useful capital and equity"?

      Selling short restrains bubble markets, which last time I checked, are bad for the economy.

    37. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      Reintroducing Glass-Steagall is a red herring, existing regulations would have been sufficient to prevent the blow out if the political class had not been focused on perverting the system to achieve "social justice" and enriching their buds and campaign contributors. The mini transaction tax has no particular economic benefit, hurts liquidity, and would probably have unexpected consequences that would rebound to the short traders advantage but what the hey. Everyone likes to tinker so they can say they are doing something. I don't know what "re-balance shareholders' interests against equity build using suitable regulatory legislation." means, but I'm sure that the President will protect the interests of Goldman Sachs, he seems to be an honest sort and I'm sure he will stay bought through this election cycle.

    38. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      dismantle and outlaw stock trading software, ensure a level playing field again without the unfair advantages inherent in such softwares, including the instant ability to analyze and wipe out small players - don't say this is not happening ...

    39. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      Sooo. The solution to the problem is to tax stock trades so we can go back to the days when the average citizen could not afford to have a say in the operation of corporations?

    40. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      I agree with you, right up to the point where you said, "re-balance shareholders' interest against equity build using suitable regulatory legislation." This last bit is so vague that it's meaningless. (And I have the feeling it's not what you meant to say anyway because it appears that your grammatical syntax is corrupt.) That notwithstanding, I believe that everyone is a stakeholder. Providing "shareholders" a class status above anyone else has been a mistake and a fundamental tenet of capitalism. It both shields absentee owners (shareholders) from liability and responsibility (to the rest of us). It's a trick. And the trick leads from colonialism to cronyism. It facilitates secrecy, deception and corruption.

      For 60 years, enforcement of the Glass-Steagal Act kept investment bankers from using mortgaged real estate assets as the basis for riskier derivatives. FDIC insured depository institutions, classical mortgage banks, weren't able to provide brokerage services or use their assets for more speculative purposes. It was your friendly, neighborhood, innovative investment banker who began lobbying for the wonders of increased competition (and collusion) between the biggest players in the banks and brokerage houses, during the Reagan years. Nothing in the investment banking or brokerage services realm, prior to 1996, was federally insured against loss. And the success of home equity loan marketing campaigns to baby boomers was making a incredibly large and liquid pool of wealth irresistible to Wall Street. Once this investment pool was available to bankers and they were able to 're-package' real estate mortgage debt into bonds and sell those bonds, the feeding frenzy began. And anyone who tried to tell the emperor that he didn't look so good without sufficient clothing was treated like a child. We were placated with the idealistic vision of bankers as responsible conservators of wealth, even as their ranks were infiltrated with the minions of the Chicago School of Business sporting the winner take all ethos of Shylock.

      They brought us real estate appraisal with no down side (ever, even historically), real estate services priced at a percentage of market value (regardless of how large), investment rating services with reduced auditing and strengthened liability disclaimers, mark-to-market accounting (think Enron), 'off-the-books' investment vehicles (which were apparently operated by remote-control), credit default swaps (which generate a profit when someone else defaults on a debt) collateralized debt obligations (which yield commissions now, without any form of performance scrutiny), the biggest corporate bankruptcies in history and... The Tea Party!

      And once the party was officially declared to be over (the day the commercial paper market stood still because no one trusted the banks anymore, not even the banks) the Federal Reserve bought the most ill-conceived of the (toxic) 'instruments' with government backed debt. We (all of us) are paying it back with interest, so the gullible 'shareholders' don't have to suffer any more than any of the rest of us. Except of course, we are all effected by the decrease in the value of the dollar, the inability of the (magical) economy to employ an increased number and percentage of us, and seemingly uncorrectable state of a tax system that requires a historically low 'burden' for the wealthy and historically high portion of expendable (and even necessary) income from the rest of us...

      So now a goodly amount of the dollars in circulation are there because 'we' allowed the Fed to exchange our sovereign debt for the dollars they used to buy up billions in assets that were already 'toxic.' We did this without giving any of the 'shareholders' as haircut. That would have required that we bought the bonds at a discount. Moreover, it would have meant admission of complicity, realization of individual losses to the shareholders, tax losses and a reasonable erosion of the trust for the banks and bankers who created this house of cards.

      Anything else was apparen

    41. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      It takes time for specific demands to coalesce out of a grassroots movement. The civil rights movement had clear and simple demands, but only after about four generations of unfocused righteous anger.

      The Tea Party also doesn't yet have anything you could call a coherent platform, but that hasn't stopped it from effectively taking over the Republican party.

      The Occupiers are just getting started.

    42. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      1) What are your problems? (in no specific order)

      a: I have a problem that our government fails to realize that Free Trade is not free.
      b: I have a problem that our corporations would rather ship jobs oversees for questionable gains in value.
      c: I have a problem with people and corporations who try their best to avoid paying taxes to the country that they receive services funded by taxes from.
      d: I have a problem with the fact that we blame teachers for poor academic achievement of our students and not also blaming the students parents and society in general for creating an environment that does not value knowledge.
      e: I have a problem that a CEO of a company believes they can justify making more than 10x the average salary of their employees.
      f: I have a problem with the financial sector raking in extraordinary profits without producing anything of great value.
      g: I have a problem with the healthcare industry profiting off of what should be a basic human right.
      h: I have a problem with corporations trying to make profit off of patent portfolios and not by creating value for their customers.
      i: I have a problem when people proclaim that lower taxes on businesses and the super wealthy increases employment.
      j: I have a problem when our country doesn't actually make anything.
      k: I have a problem with a society that finds it easier to disagree and do nothing, rather than work together to find solutions.
      l: I have a problem with the Citizen's United verdict.
      m: I have a problem with politicians being bought and paid for and not acting in the best interest of the citizens for who they should serve.
      n: I have a problem with political gridlock.
      o: I have a problem with not investing in infrastructure.
      p: I have a problem with people disliking government employees.
      q: I have a problem with people disliking unions.

      2) What shall we do about them:

      a: Review our Free Trade agreements. I like trade. I really do. However, when a free trade agreement has a significant, negative impact on the employment or viability of one country over the other the agreement should end. NAFTA has had a fairly negative impact on the United States. Giving China most favored nation status, has undoubtedly had a negative impact on the United States. When a trade agreement incentivizes offshoring jobs than it will have a negative impact on one country.

      b: Consumers and shareholders need to hold corporations accountable. I have yet to see a significant study that found offshoring work produced a significant increase in value or long term profits. What I have seen is offshoring work will produce a decent return in the short to medium time frames.

      c: Close tax loopholes. Audit, audit, audit. There is not a corporation or business in the United States that would be where they are now without benefiting from services (infrastructure, educated populace, etc) provided by government (Federal, State or Local). The same goes for super wealthy individuals. They would not have gotten to where they are without the opportunities created by those same government services. There is a certain level of fairness that our society demands and not paying taxes does not pass the smell test.

      d: Teachers often get the blame for poor educational outcomes. It is unfair to make them the scapegoat for poor educational policy, poor parenting and a society that values professional sports and celebrities over the acquisition of knowledge and the pursuit of self betterment. The values of society need to change for this one. Good luck with that.

      e: I would suggest a law capping CEO pay, but I am sure that would be considered as anti-capitalism. So I suggest that shareholders ask their companies why the CEO needs to be paid so much. What are they bringing to the table that they couldn't do for a couple or tens of million dollars less (including the ridiculous bonuses and other perks).

      f: The only way I can see to fix this in the short term is taxes and more financial regulatio

    43. Re:That's my big issue with them by V-similitude · · Score: 1

      Except these are all pretty much being done. The Volker rule takes care of the most significant part of Glass-Steagall. High frequency trading is still a little up-in-the-air, but most likely will be seriously crimped soon enough. And your third demand is rather vague, so I'll just say all of Dodd-Frank is an attempt at that.

      Pretty sure those aren't what everyone's upset about.

    44. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      OK, here's a fairly simple idea:

      1) Taxation on corporations should be as on individuals: on gross worldwide income, not on net domestic income. I have to pay taxes on all my personal income before I pay my mortgage or buy food. Let corporations live the same way.

      2) Apply _exactly the same_ tax rates to corporate gross income as is applied to individual net income.

      If we do this, then for the first time, the interests of corporations and of individuals will start to become the same: efficient use of the fund raised, and the lowest possible rate. Individual rates would be substantially lowered, which would mean individuals would finally start to have money to spend. Corporations would not have artificial game-playing advantages. And many lobbyists might get a real job.

    45. Re:That's my big issue with them by Chris+Mattern · · Score: 1

      They repeatedly cited statistics that 1% of the population has a disproportionate share of the income and wealth. If you want specific numbers and definitions, go to Paul Krugman's column in the NYT.

      If you want a specific goal, it's to eliminate that injustice.

      Closer, but still not a goal. What constitutes "eliminating" that injustice? What, exactly, is "disproportionate", and what would be "proportionate"? Does everybody have to have the same wealth, get the same income? If not, what figures are acceptable?

    46. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      1) What are your problems?

      I came close to closing a deal this month with a great rental, but decided to pass on it due to a variable number of reasons I'm finding hard to justify ex post facto--and I think it's mostly due to my neighbors and overall neighborhood of my current residence.

      2) What shall we do about them?

      First, we take Manhattan... Then we take Berlin.

    47. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      I think that's a very real problem and a solution at least worth considering. However, this is the first time since the protests started that I've even heard the words "Glass-Steagall" mentioned. I think you are the exception amongst protestors in the level of thought you've put into it. Most seem more likely to demand funnel cake.

    48. Re:That's my big issue with them by jonwil · · Score: 1

      I applaud your ideas.
      The idea of separating retail banks (that hold savings and make loans) from investment banks (that hold securities and make risky gambles) is important. As is a complete ban on the retail banks from doing any of the risky things that caused them to get into so much trouble.

      A microtax on every stock trade is not necessarily the answer though. The real answer is to introduce a much bigger tax but only if you do not hang on to a security for at least a month. (maybe not a month, maybe some other limit, I dont know what would work best)

      This stops the people who make their living making high frequency trades and ensures the stock market no longer swings wildly on the tinest bit of news. Some will say that the high-frequency-traders will move to other markets but that can be countered by negotiating with the Europeans and others to apply similar rules to their markets.

    49. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      Could you provide a general rule or formula for determining the "social good"?

      If you cannot, then who will determine it? If the answer is that either a vote or a bureaucracy will determine this social good, then how can I plan for the future when my values will very likely be different from at least some sizable (say 10% at the very least) portion of the population?

      When the mark of my value is "the social good", it means that the value of my person, my productivity, and my choices are not the subject of what will do me good but what will do everyone else good. At worst, it will mean what does those in power or in control of the bureaucracy good. These systems always pit the "me" versus "social good" or others. These systems always mean that which is in my interest is always the evil because it would be socially better if another received it. The man below me with a dollar less than I would have a claim on my dollar while I would have a claim on the man above me with a dollar more. In all of these "social good" systems, the currency degenerates in to "the need". The value of a man rapidly becomes his need and not his productivity. His evil rapidly becomes his productivity, not his lack of capability. In such a system the moral weights will lead you to promote your need and to diminish your productivity because that which is valuable is your need, not your productivity.

    50. Re:That's my big issue with them by discordia666 · · Score: 1

      1) What are your problems?

      - AT&T wants to buy T-Mobile
        - Day traders sucking money out by rapid nanosecond transactions and then blowing it on coke and hookers
        - The supreme court decision about corporations are people
        - Unlimited contributions to campaigns by PACs.
        - Monsanto
        - Having an economy based on consumerism

      2) What shall we do about them?

      - Not allow AT&T to buy T-Mobile
        - Regulate day traders better. The fact you have a server located closer to the stock exchange should not be an advantage
        - Corporations are not people
        - Limit campaign contributions by PACs
        - Ban the use of genetically modified seeds. Buy local. Grow your own and share.
        - Support your local economy. Read more books. Watch less TV.

    51. Re:That's my big issue with them by nbauman · · Score: 1

      Feel free to come down to Zucotti Park and discuss it with them.

    52. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      1) What are your problems?

      I have to work 40 hours a week to pay for the new iPhone. And my breakfast cereal is too crunchy, so I can't hear my new TV while I'm eating.

      Seriously, if these protests are anything like the British ones, it's just a whole lot of spoilt rich kids after a bit of fun.

    53. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      I think asking the average Jo on the street to have a good enough understanding of economics, banking and politics to have "Real, workable, solutions" to the US's problems is asking a bit much. The problems are a bit more complicated than a simple example like minorities not being treated the same as whites (solution: treat them the same!)

      Basically, the financial world has spun out of control to the point where their mistakes threaten the whole economy. Yes they're acting within the law but who you you think lobbied hard to get it so deregulated in the first place? What they're doing now is basically gambling on a massive scale and people are earning unbelievable amounts of money. I'm not saying that everybody earning big money is on Wall Street but it's as good a target for people's anger as any. Did you know the top 1% of people earn 40% of the money? Imagine that money was a bit more evenly distributed, suddenly more people can afford to spend more, keeping the wheels of the economy turning.

      Isn't it enough that people are turning up in numbers to say "The system is rotten, we're not happy, it needs to be fixed"? Good for them I say. Hopefully it'll lead to something like getting money out of politics, or a system where financial institutions don't wield the power they do now. People may not have an exact list of what has to be fixed, but it'll emerge eventually.

    54. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      Also, I want a pony.

    55. Re:That's my big issue with them by smellotron · · Score: 1

      Re-introduce the Glass-Steagall Act

      Seconded.

      impose a transaction tax (eg 0.01%) on every trade of any kind performed on the stock markets

      You mean something like the SEC Section 31 fees? Right now the fee is $19.20 per $1M in stocks sold. If my math is correct, that amounts to 0.096 basis points per stock traded, or slightly less than 1/10 of your example. I don't know how the dynamics of the market would change with such a fee hike, but I can imagine that it wouldn't be ponies and butterflies like most people seem to suggest. Imposing fees with the express purpose of penalizing behavior sounds like a good way to deepen the entrenchment of the few super-profitable companies, who don't care because now they have less competition.

      re-balance shareholders' interests against equity build using suitable regulatory legislation.

      I'm not sure what you mean by this, but I'm guessing that you mean to reduce the impact that "shareholder interests" have on corporate decision-making. For that, sadly I think we all have to wait for a "changing of the guard" in the SCOTUS.

    56. Re:That's my big issue with them by jmcvetta · · Score: 1

      The social good derived from (say) derivatives shorting is vanishingly close to zero.

      I can think of situations where an orderly market in all sorts of derivatives would benefit actual productive businesses. Imagine a consumer solar panel company that wanted to offer customers "free" installation of panels. In exchange they would collect the money made by selling power back to the grid for X number of years. It would be pretty useful when financing this company to be able to decompose the risk into various components like weather & electric price. Those non-core risks could be hedged on the derivatives market, leaving the company to focus on making cool solar panels without having to worry about cashflow if it's unseasonably cloudy this month.

      All this doesn't mean I think the way existing derivatives markets work is okay. The big problems I see are:
      - Leverage. Derivatives make this harder, but not impossible, to regulate.
      - Opacity. Lot of market volume is over the counter.
      - Insurable interest. Insurance-like derivatives (e.g. CDS) need to be governed by insurance regulations.

      There are probably lots more problems I haven't listed. Point is that the choice needn't be between "no derivatives market at all" and our current option, "insane gambling casino".

    57. Re:That's my big issue with them by LordLimecat · · Score: 1

      Banking should be a service to industry that facilitates socially useful capital and equity, not be an industry in its own right. The social good derived from (say) derivatives shorting is vanishingly close to zero.

      Great. Who's paying for it? Wait, dont tell me, you want the government to handle that too?

      Re-introduce the Glass-Steagall Act, impose a transaction tax (eg 0.01%) on every trade of any kind performed on the stock markets, and re-balance shareholders' interests against equity build using suitable regulatory legislation.

      There are possibly some good ideas there, that could have some good reasons. The problem is, most of the people there arent angry because wild speculation leads to an unstable market; theyre mad essentially because some people have more wealth than they do, and they somehow feel entitled to it (or at least want those people to feel their pain). I will admit, I cannot speak for the entire protesting populace, but thats certainly the impression one gets from the posts on occupywallst.org and the wild approval that you see for such ideas as "$20 minimum hourly wage" and "guarenteed income regardless of work status".

      So if those are your ideas for fixing some of the worst problems of the market, thats fine, but I really dont buy that that sums up their grievances and suggested remedies.

    58. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      The groundwork for the problems today was the effective repeal of the Glass-Steagall Act. That's the one that prohited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. I agree this should definitely be brought back.

    59. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      Banking should be a service to industry that facilitates socially useful capital and equity, not be an industry in its own right.

      Um, so what exactly are you proposing? That banks should be non-profit government-run entities? But many of them are saying "Down with the Federal Reserve" well WTF do you think the Federal Reserve is a perfect example of? That's right, a non-profit Government-run Bank.

      Here's an idea- don't use banks. Go to your local Credit Union and setup an account.
      And WTF does that have to do with Wall Street in the first place? Nothing, that's what- that's something they need to bitch to Washington about, not New York.

      Re-introduce the Glass-Steagall Act

      Well, I think that should have happened, at least in some fashion. It's certain that regulation and transparency is needed to prevent banks and investment firms from playing "shell-games" with people's money. But that's only a tiny slice of what these folks are complaining about.

      impose a transaction tax (eg 0.01%) on every trade of any kind performed on the stock markets

      Why? What is that going to accomplish, exactly? There is a perception that you have to be "rich" to play the stock market, but that's just not true. A LOT of people use the stock market, and many "non-rich" people's pensions, savings, etc. are invested via the stock market. Do you really think banks will just let that money come out of their profits? No, they will make up for it with lower rates, higher fees, etc. The only way to prevent that is to place banking completely in the hands of the government, and that just leads back to the whole corruption problem and lack of proper oversight.

      Here's the thing. These people are complaining, but they are not actually doing anything other than complain. Why aren't they putting up candidates for the house/senate who reflect their views? Why aren't they organizing boycotts of the Corporations and Banks which have played fast and loose with our cash? They can't even get together and form a cohesive group which can clearly communicate... anything. Hell, there are people who are protesting that the banks are not lending them money.... well the banks lent people money who should never had received a loan, and that was a BIG part of the problem. Why are they bitching that they can't get loans, when they have a lot of debt and no jobs- that's exactly the time when a bank should NOT be lending you any money!

      They are not the "99%" by a LONG shot, and they do not speak for the 99% at all.

    60. Re:That's my big issue with them by bfastburrito · · Score: 1

      The problem with your suggestions (e.g. transaction taxes) is that financial markets are not limited to America. If there's an American tax on HFT, that will only cause ibanks to move their HFT operations to friendlier countries. If they can't do it profitably in Chicago, they'll go do it in Tokyo, London, or Shanghai, etc.

      Bottom line, without highly enforceable legislation on a *global* scale, you will be hard pressed to end HFT. It's eerily similar to the nuclear proliferation issue, actually. We have the technology to blow humanity to dust, and despite its evils, the tech is too powerful to be forgotten/thrown away unless there's enforceable global legislation.

    61. Re:That's my big issue with them by Internetuser1248 · · Score: 1

      I would like to add one more goal. I can think of many worthy goals that would improve the world, but this is one of the core ones that is always present in any kind of democratic popular action: Shifting the debate. Getting people like us to have conversations like this one on message boards like slashdot, and on other message boards, newspapers, tv, in bars and living rooms, and not only people like us. Even the conversations that billionaire hedge fund managers are having in their ornate dining rooms are affected in some small way by actions like this. All social change is driven by constant pressures from all directions, even if these protests end with no tangible results, there will be intangible results in the global understanding and the global conversation about these issues which will ultimately have small but cumulative effects on world society and government.

    62. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      I want to know two things:

      1) What are your problems? Not some random vague laundry list like "Wall street is bad," or "The rich suck." A short, specific, list of the things you believe are big enough problems that they warrant protesting over.

      2) What shall we do about them? Just whining that there are problems is not useful. Propose solutions. Real, workable, solutions. Understand what the tradeoffs for those solutions are (all actions have cost) and be ok with that.

      If you can't identify what it is your goals are and how you might go about achieving them, then I can't really support you because I don't know what I'd be supporting. Also I don't think there is much chance of success.

      If you look at the successful stuff along these lines. Like, say, the civil rights movement they had precisely what I was talking about. They could clearly define the problem (that minorities were not treated the same as whites) and the solution (require the same treatment under the law) they desired. There was a goal being worked towards. It was something people could rally behind, and did.

      So these people need to figure out what they want and how it should be done, and be able to state that in a cohesive fashion. Until then, I can't be supportive because I won't support something unless I understand what it is I'm supporting.

      You're useless. "Hey you, provide a justification for me to believe in something, and I want it to be concise, and workable!" You're really going to use "I'm a blowhard with no ability to think" as an excuse?

    63. Re:That's my big issue with them by Slashdot+Parent · · Score: 1

      Banking should be a service to industry that facilitates socially useful capital and equity, not be an industry in its own right.

      What types of banking activities do you object to?

      The social good derived from (say) derivatives shorting is vanishingly close to zero.

      You were probably trying to make a point there, but it got lost in your (mis)understanding of derivatives. Maybe you should be more specific.

      The reason that I say that you misunderstand derivatives, is that all derivatives are between two parties, a long and a short. There is nothing wrong with this; with no short interest there could be no long interest. I can give you an example of how this is good if you still need it, but something tells me that you are smart enough to already see that ire against parties that short derivatives is completely misplaced. :)

      Re-introduce the Glass-Steagall Act

      Good.

      impose a transaction tax (eg 0.01%) on every trade of any kind performed on the stock markets

      Bad. Markets are best when there is more liquidity. Discouraging liquidity is bad.

      re-balance shareholders' interests against equity build using suitable regulatory legislation

      I don't have any idea what that means. Perhaps you should elaborate.

      --
      They don't grade fathers, but if your daughter's a stripper, you fucked up. --Chris Rock
    64. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      I think the people saying that "you" don't have a specific objective aren't referring to you--good for you for having ideas. They're referring to the movement. Are the points you just made stated anywhere as those of "the movement?"

    65. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      If you don't understand then move along. How did you end up on slash knowing so little?

    66. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      So banning Predator drones, credit reporting agencies, the Federal Reserver System, etc, are all part of this clear articulation?

    67. Re:That's my big issue with them by argStyopa · · Score: 1

      "Banking should be a service to industry that facilitates socially useful capital and equity, not be an industry in its own right."

      Then please, be the first one to go out there and start such a bank. Are you going to be compensated for your time, costs? Sure you are. So now, on top of storing people's money, you're charging people for it, either as service fees or in interest on loans. Even if you just want to get paid a reasonable salary, how do you respond to the OWS protestors who claim you're making too much?

      Ironically, your viewpoint was echoed by ancient authorities who banned usury. Of course, commerce as a concept, as well as the rise of the middle class, was pretty much predicated on liquid capital and the availability of loans.

      --
      -Styopa
    68. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      What are your problems?

      Banking should be a service to industry that facilitates socially useful capital and equity, not be an industry in its own right. The social good derived from (say) derivatives shorting is vanishingly close to zero.

      Define "Social Good" in unequivocal, non-partisan terms.

      1) What shall we do about them?

      (I think this has been articulated rather clearly by the movement to anyone wishing to ask). Re-introduce the Glass-Steagall Act, impose a transaction tax (eg 0.01%) on every trade of any kind performed on the stock markets, and re-balance shareholders' interests against equity build using suitable regulatory legislation.

      So - what say you?

      (1) Please elucidate as to the exact aspects of Glass-Steagall you want re-implemented, and WHY that's a good thing. While you're at it, you might also re-write the laws in clearly understandable layman's English. Additionally, explain why a 1933 piece of legislation should be returned to effectiveness with no changes: are you claiming we haven't learned ANYTHING since its' passage and enactment into law ??

      (2) Why a transaction tax, why that amount, and what will that tax go to fund ??

      (3) Again, specifics on the specifics you propose to "re-balance shareholder interests against equity build".

      Otherwise, you're just prettying up the nonspecific demands of the Occupiers.

      Not being negative, just want REAL action points for discussion. . .

    69. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      1) List of grievances:
        A) A large portion of the nation's capital is in the hands of people who, because of their very wealth and the influence that buys, are not taxed at the same rate as the rest of the wage earners. This must stop.
      B) Banks which are too big to fail are too big to be allowed to ever fail again and must be broken up into banks which we can allow to fail without endangering the nation.
      B) Brokers, investment bankers, or whoever might be responsible for the cycles of over-investment in funds, land or what have you, must be regulated to keep this from happening again. This part is not negotiable.

      2) The 99% CANNOT propose solutions, by the very nature of the democracy they live in. Solutions to the above grievances must be proposed by law makers. They cannot abdicate their responsibility.

    70. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      WTF is a dog barking moonbat? Seems like an odd thing to be saying when questioning someone's sanity.

    71. Re:That's my big issue with them by esocid · · Score: 1

      1. Corporate oligarchy is out of hand at the expense of individuals, in terms of rights and income (and by income I mean lack of jobs, and even handed taxing). Bank of America just laid 30,000 people, 2 of which were execs, yet give CEO Brian T. Moynihan a $9.05 million bonus for doing a stellar job on his first year. If it was so stellar, why did they have to fire 10% of their workforce? IBM gets a tax incentive to create domestic jobs, yet moves those "new" jobs out of the country. Why do I not get to offshore my income and pay no taxes on it, yet large corps. get to manipulate the tax system and be taxed little, or nothing at all, like Apple does with Apple Cayman. I, personally, think corps get too much, and give too little to society. I'm not asking for handouts, I just want some job security. (Full disclosure, I am a biologist, so not involved in the bank firings.)

      2. Create attention for the above issues, and create some public discourse about it, then figure out what to do about it. I would say this has worked, because it went on for weeks until anyone even notice it, and now it's actually in news circulation, and on /. The solution part will take a bit longer, because there are a lot of grievances, but the main idea being that individuals are getting the short end of the stick, in comparison to the top 1% and large corps.

      Do you seriously think the civil rights movement from day one had a timeline, and specific goals? It takes time to formulate those things, get smart active people on board, and to act for change. It doesn't happen overnight, and your post sums up why most people won't get this movement. They want a leader so they can just stand in the group and not take initiative to act on their own. What is preventing you from getting involved and letting people know what you think should change, because if you're waiting for a group to come forward with something that will match what you support, I don't think you'll be doing much at all. Right now it's collecting "members" so to speak, and I think collecting what is bothering most people, and then they'll get to the solution stage. Without the attention, no one would know about it. Apparently all it took was seeing three women getting pepper sprayed in the face.

      --
      Absolute power corrupts absolutely. indymedia
    72. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      1) What are your problems? Not some random vague laundry list like "Wall street is bad," or "The rich suck." A short, specific, list of the things you believe are big enough problems that they warrant protesting over.

      Check out their declaration, it's got the list: http://nycga.cc/2011/09/30/declaration-of-the-occupation-of-new-york-city/

      I agree with your second point, they need to do a better job of articulating specific, measurable goals as well as executable plans to get there.

    73. Re:That's my big issue with them by jbmartin6 · · Score: 1

      I will agree. The problem with any phrases like "socially useful" is that it only reflects one person's opinion. It would be (has been already) an horrific tyranny where one group's claim of "socially useful" determines what everyone else can and cannot do. Obviously, someone finds it useful since someone is paying for it.

      --
      This posting is provided 'AS IS' without warranty of any kind, implied or otherwise.
    74. Re:That's my big issue with them by jafac · · Score: 1

      The General Assemblies have posted a list of specific demands.

      Much more coherent and actionable than what has been coming out of the Tea Party.

      The problem is: our current crop of congress and executive branch, and their enablers in the mainstream media (MSNBC, CNN, FoxNews) are anything but ideologically coherent and action-oriented.
      They want status-quo, and they don't want to talk about it.

      So - I can readily understand your point of view. Even though it is wrong.

      --

      These are my friends, See how they glisten. See this one shine, how he smiles in the light.
    75. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      I disagree with slipping in comment that derivatives shorting has no value for society.

      Let's look for example at LinkedIn options. This is a company where the shares were sold to wealthy clients by big underwriters. There is possibility that these shares are being supported at their overinflated prices until lockout expires. P/E of what 1000, versus an Intel of 11, with a dividend?

      Overinflated shareprices harm society when they eventually fall back to where they should be: retail investors, pension funds, government benefit peogram investment funds, university endowments fall in value, and the pain is carried by society.

      So short options allow a bit of reason to come into the hysteria of these bubbles. It provides incentive for reasonable people to police overinflated stocks and get compensation for doing so correctly. It gives a proper warning to for people to think twice when they can see the shorts have piled onto a bubble stock at a strike 1 year down the road.

    76. Re:That's my big issue with them by mvdwege · · Score: 1

      Read what they wrote: derivatives shorting.

      Shorting is a speculative act, and virtually useless for anything but speculation. If you want to insure your portfolio, you take a long position in puts.

      Mart

      --
      "I know I will be modded down for this": where's the option '-1, Asking for it'?
    77. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      What are your problems?

      Banking should be a service to industry that facilitates socially useful capital and equity, not be an industry in its own right. The social good derived from (say) derivatives shorting is vanishingly close to zero.

      1) What shall we do about them?

      (I think this has been articulated rather clearly by the movement to anyone wishing to ask). Re-introduce the Glass-Steagall Act, impose a transaction tax (eg 0.01%) on every trade of any kind performed on the stock markets, and re-balance shareholders' interests against equity build using suitable regulatory legislation.

      So - what say you?

      The problem with what you said is that most people who are involved in the protests have different opinions on what, exactly, is wrong and how to fix it. There doesn't seem to be a common theme about what they think or what they want.

    78. Re:That's my big issue with them by Sarius64 · · Score: 1

      Re-introduce the Glass-Steagall Act, impose a transaction tax (eg 0.01%) on every trade of any kind performed on the stock markets, and re-balance shareholders' interests against equity build using suitable regulatory legislation.

      Because taxing people solves everything. The more you tax people the more they want to play fair and not hide their money anywhere. Hell, get some balls and tax the transactions at 50%!

    79. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      OccupyWallStreet does have a clear and very intelligent list of demands: http://occupywallst.org/forum/detailed-list-of-demands-overview-of-tactics-for-d/

      Who does have a cohesive message? The tea party? The Obama Administration?

      If you have an idea, then go to Liberty Plaza and voice your opinion. Don't sit here and bitch that their marketing isn't as good as Ron Paul. For a non-existant budget, they are

    80. Re:That's my big issue with them by istartedi · · Score: 1

      Who is on the other side of the trade? The put doesn't exist until somebody shorts it. Shorting a cash secured put and getting assigned is (in some ways) less risky than buying stock at the prevailing market price. Entering the position that way is a good way for a "value investor" to name a fair price and not commit until he gets it. If the market remains irrationally high in his estimation, he pockets the premium and keeps his cash.

      Anyway, I digress. Shorting options may or may not be speculative. Same deal with the long side.

      --
      For all intensive purposes, "whom" is no longer a word. That begs the question, "who cares"?
    81. Re:That's my big issue with them by Sean+Hederman · · Score: 1

      Banking should be a service to industry that facilitates socially useful capital and equity, not be an industry in its own right.

      Absolutely agreed.

      The social good derived from (say) derivatives shorting is vanishingly close to zero.

      Hmmmm, not so much. Actually it helps increase liquidity in the market, making it more likely that when you want to sell your shares and exit the market, someone will be there to buy from you at a reasonable price. Without liquidity you could wait days or weeks for a buyer to appear, as the share price drops and drops. So, assuming that people being able to sell what they have decided to sell is a social good, then derivatives shorting helps accomplish that goal.

      Re-introduce the Glass-Steagall Act, impose a transaction tax (eg 0.01%) on every trade of any kind performed on the stock markets, and re-balance shareholders' interests against equity build using suitable regulatory legislation.

      Agreed on all counts. Except....ummm, that actually won't solve many of the problems. Oh sure, it'll help with the boom-bust cycle of the financial industry; but it won't stop the Gordon Gekko "greed is good" philosophy; it won't reduce corporate influence on politicians and it won't create jobs.

      A profound change in behaviour is needed. For too long there's been an "every man for himself" attitude. I'm not talking about socialism or anything like that; I'm talking about trying to create a society in which contributing to the overall benefit of society is lauded and held up as an example. Where stockbrokers are respectful to their child's teachers, where bankers tip their hats to the neighbourhood policeman. In short where money and fame are not seen as the sign of social worth.

    82. Re:That's my big issue with them by Anonymous Coward · · Score: 0

      The evidence suggests that corruption; outright fraud and malice have caused economic, humanitarian and environmental problems worldwide.

      That's going to take a "multicore" approach.

  68. Re:Sick of it... by GameboyRMH · · Score: 1

    Yeah like the dark ages that followed the American Revolution, buncha filthy commoners thought they knew better than King George...

    --
    "When information is power, privacy is freedom" - Jah-Wren Ryel
  69. NVM - they're still there by NeutronCowboy · · Score: 1

    About 20-30 of them, despite the rain. But the attendance has definitely been reduced.

    --
    Those who can, do. Those who can't, sue.
  70. It's About Representative Democracy by beaker8000 · · Score: 1

    The protesters have been clear that the main goal of the movement is taking back, and protecting, our representative democracy. They have stated that to do so we need publicly financed elections. This means striking down the 'Citizens United' decision which allows entities to contribute unlimited amounts of money to campaigns. I fully support this goal.

    I would only add that (1) we need preferential voting, and (2) we need paper trails on votes and clear auditing procedures - the electronic voting machines are way to easy to crack.

  71. How do I view the Wall Street Protests? by Hartree · · Score: 1

    Via youtube or news videos since I'm not in New York.

    1. Re:How do I view the Wall Street Protests? by MMatessa · · Score: 1
  72. Marijuana by Danzigism · · Score: 1

    I don't want to sound like one of those stoners preaching for legalization, but I truly believe the debate on the legalization of Marijuana is at the core of this whole fiasco. Here's why. We've already scientifically proven it doesn't have any long term negative health effects, besides when you burn it creating carbon monoxide which when inhaled could potentially give you lung cancer, yet there are things in this country much worse for you that are perfectly legal. Alcohol, fast food, etc. Not trying to say we should ban one thing or another, just let people decide what they want to do.

    So the answer to the question, "why is this plant illegal to grow and consume?" is simply because of the huge industries that influence the rules, regulations, and laws in this country. Therefore, everything you and I are allowed or not allowed to do is most likely stemmed from some industry or conglomerate that has lobbied long enough and dumped enough capital in to the government to create the legislation. All I really want is for the Federal Government to just leave business alone. And the businesses need to leave the government alone. Businesses are not supposed to run our democracy. People are supposed to run our democracy. Small businesses have an incredibly difficult time staying afloat thanks to payroll taxes, unemployment insurance, sales tax, etc. They are the lower and middle class of the business world and they too are being treated like shit in this time of economic turmoil. I only bring up the Marijuana thing because it is a perfect example of how businesses influence the law and it has to stop. If you want certain laws to regulate what businesses can and cannot do, then it needs to be controlled on the State level, not the Federal level. Stop wasting our time and money.

    --
    *plays the Apogee theme song music*
    1. Re:Marijuana by Anonymous Coward · · Score: 0

      Right, but that's basically the same thing the Tea Party is saying: less federal power. But they seem to be pretty vilified around here so I dunno.

    2. Re:Marijuana by w_dragon · · Score: 1

      What business do you think would be against marijuana? Seriously. Anyone who makes or sells cigarettes just gets an extra product to make money from with very little effort. Anyone who grows tobacco can grow marijuana (it's nicknamed 'weed' for a reason). About the only big business that wouldn't benefit from legalization is the less than legal sort that currently controls production and distribution, and I certainly hope you don't think the mafia controls congress.

  73. Weather by Spazmania · · Score: 3, Informative

    The protests started when the weather changed from Hot to Pleasant. They'll end when the weather changes from Pleasant to Cold.

    --
    Moderating "-1, Disagree" is simple censorship. Have the guts to post your opinion.
    1. Re:Weather by Just+Another+Perl+Ha · · Score: 1

      Unfortunately, I fear you are correct... :-(

    2. Re:Weather by Anonymous Coward · · Score: 0

      :)

  74. I asked myself this question; THEN WENT TO GO SEE by Anonymous Coward · · Score: 0

    Reading about the protests, it seemed like it was New Yorkers responding to the following trends:
    1. The complete lack of representation of the people by elected officials
    2. The unrestrained exercise of power by government
    3. The socialized losses and privatized gains of the financial sector in recent years
    4. The merging of corporations and government

    So, during a visit to NY I went to the city to check out what was going on. I was right and wrong at the same time. What I did see:
    1. Signs representing a number of different issues (more than just what's listed above)
    2. No signs of violence of any kind, and a lot of bored cops
    3. A number of homeless people
    4. A surprising number of "normal looking" people (seemed to be middle aged white people dressed well who had lost their homes)

    The main park was COMPLETELY full, and the spillover park was pretty full-up, too.

    I support them, though they lack focus.

  75. Revolution is easy - No Debt. by devleopard · · Score: 3, Insightful

    I can't speak to the "entire" 99%. However, there's a large number who fall in this category: Middle class, busting their ass, struggling with credit cards, student loans, car payments, mortgages. Just making it. They're angry at the right people - but they have the wrong idea. The middle class are more than happy to keep signing up for credit - this is how the rich have become the new Monarchy. You don't kill that power with signs and cries to the government: you do it by choosing to stop giving them all your keys to personal power.

    Teach your children: Debt is bad. Go to college on grants and scholarship, bust your ass working to pay for the rest. (Make 70% of a Harvard salary, but with $100,000+ less debt) (You'll have to teach your kids to get past the fantasy they've been sold that college is foremost about the social experience - work your ass off, study your ass off, and if you have any left over time, that's for socializing)

    No credit cards. If you don't have the cash (yes, I mean debit card, silly) to buy the latest iPhone/clothes/Christmas present, then plan better. Or accept that you simply can't afford it.

    No car loans. No car leases. First car will be garbage. Pay yourself what you'd pay in a car payment - every 3-5 years you'll have a pretty nice car and no debt ever. New cars - never. Horrible loss of value. Always buy something 2-5 years old.

    Mortgage: This is the hard one. Most people can't save up $150,000-$300,000. Actually they can.. but let's assume you need to rely on the bank. Never get into a house with less than 20% down. Then attack that mortgage. Don't pay the minimum and keep the rest so you can have the latest shiny beepy and your kids can have the latest plastic happy. Live crazy cheap for 7 years - most people can pay off their house in this time. If you start off early, and have a decent job (and aren't strangling yourself with debt), it's possible to save up and just write a check.

    Obviously all this is a bit insane, but let's stop believing the lies: we have to go to the best school, the only safe car is a new car, that credit card payments are a way of life. Your best tools aren't your picket signs and your Tumblog: it's your income. Take it back, and make it the force behind changing your life.

    For those already in the hole, there are some sacrifices to be made, but it's possible.

    An average person, 100% debt free by age 35, will be a multi-millionnaire by the time they are 70 (assuming they aren't a total idiot about how they spend their $ after debt).

    --
    The best thing about a boolean is even if you are wrong, you are only off by a bit.
    1. Re:Revolution is easy - No Debt. by blueg3 · · Score: 1

      (Make 70% of a Harvard salary, but with $100,000+ less debt)

      Fortunately, I don't think the difference is that significant. If you could increase your salary by 43% (from 70% to 100%) by taking on an additional $100,000 of student loan debt (which often has better terms than other debt), you should take it. You could pay off your debt with the increase in salary within 5 years.

    2. Re:Revolution is easy - No Debt. by pnuema · · Score: 1

      All of these things are great ideas. But personal responsibility is only one half of the equation. It used to be illegal to charge someone more than 10% interest. How about some reasonable regulation to protect those who are not smart enough to protect themselves? I'm not asking to dismantle our capitalist system...just swing the pendulum back a little more towards consumers, and not corporate interests. If that means it is too expensive to lend poor people money, then perhaps we shouldn't be lending poor people money.Speaking from experience, our system is heavily tilted - once you are poor, it is awfully hard to break out.

    3. Re:Revolution is easy - No Debt. by hoppo · · Score: 1

      When was it illegal to charge more than 10% interest?

    4. Re:Revolution is easy - No Debt. by Billly+Gates · · Score: 1

      Actually credit card debt and precentage to income has been the lowest in years! People are paying it off and they are learning their lessons. This is part of the reason of the stalled recovery. Bernanke and friends keep trying to lower interest payments to punish savers and encourage people to spend. Right now people are spending on what htye need.

      The fact that auto sales skyrocketed out of no where shows they held on to crappy cars too until the wheels fall off unlike the past.

      All these things hurt short term but pay off long term. It does not revolve around the issue of jobs. If you are out of work how can you save? It frankly just sucks! The protestors are for this and feel more regulations are needed. Did you know at one time it was illegal to charge more than 6.5% on a card! You can't get out of debt when you pay 35% interest. Something has to be done.

      Fairer trade and people spending again when debt is payed off and caps on interest rates will bring a recovery. The problem is this hurts Tea Partiers, Republicans, and the elite who are making more money than ever before and will fight to the death for their God Given Right to oppress and keep their change. Things are about to get ugly

    5. Re:Revolution is easy - No Debt. by Billly+Gates · · Score: 1

      In this economy it does not add jobs. Just more debt. HR will not hire anyone who is not already working or has experience. If you work at mcdonalds and have a degree they will run and assume something must be wrong with this candidate if that is all he feels he is worth. These protestors did just that and still have no jobs

    6. Re:Revolution is easy - No Debt. by kerrbear · · Score: 1

      Thanks Dave.

    7. Re:Revolution is easy - No Debt. by Anonymous Coward · · Score: 0

      I absolutely agree with your comments, but I don't think that's what these protesters are about. They want to be given debt amnesty for their student loans. I read this as no one ever taught them there would be consequences for their idiotic ideas. You spent $150k to get a masters degree in womens theology and now you're shocked (shocked, I tell you!!) you can't find a job that pays more than minimum wage. This has got to be the most entitled generation in history. Yeah I think they should pay the $150k back with interest, and I think they should stop whining about it and try to learn something from it.

    8. Re:Revolution is easy - No Debt. by GarfieldsHairball · · Score: 1
      This is good advice -- if it can be done. One of the problems is that it's becoming increasing hard to do.

      When I was an undergrad in the late 80's, my tuition and fees at a fairly cheap university, going in-state, cost about $400/semester. Minimum wage was $3.35, so one semester cost about 120 hours of work, or 3 weeks of full-time work.

      The same university now costs about $3500 for the same number of hours and the minimum wage is $7.31, so one semester now costs about 480 hours, or 3 months of full-time work. That's assuming you can find a full-time job with a high-school diploma. Most likely you're putting together multiple part-time jobs, and those jobs often don't guarantee a fixed number of hours.

      The other thing that's missing in this analysis is health care. A substantial portion of the "99%" are individuals who either suffer from chronic ailments or have crippling injuries or diseases that prevent them from working to their capacity. Your ending statement should say something more like:

      "An average person, 100% debt free by age 35, will be a multi-millionnaire by the time they are 70 (assuming they aren't a total idiot about how they spend their $ after debt)" if they stay healthy. Get seriously ill, and you go from "productive citizen" to "burden on society" in a matter of days.

      I would be more OK with this if we taught children from the beginning "society owes you nothing. You're worth nothing until you prove it, and you'll have to keep proving it until you're dead or financially independent. Work hard, subordinate your desires, evade all the attempts of advertisers to influence your decision-making, and you might just make it." Instead children are taught that they can be anything they want to be, and that they should follow their dream. In school teachers emphasize fairness, sharing and not being judgmental. Outside school, they are raised in an atmosphere that says "go ahead and get it; you deserve it," and "the US economy will collapse without consumer spending." Fine. But if we lie to children like that, we should not be surprised by the results.

    9. Re:Revolution is easy - No Debt. by Anonymous Coward · · Score: 0

      Exactly. That's how it works (or used to) here in South America. My parents came out of nowhere, and both of them worked their asses off, studied their asses off, lived cheaply (about 500 USD rent/month), and drove 10 year-old cars. They saved the most they could, just like you proposed, and finally bought their own house, in a very nice neighborhood, and they can now afford brand new shiny cars - without debt. Thanks to them, me and my two brothers did not have to suffer as much as they did, for when we came into this world, they already had some decent life standard. We could focus more on studying. The consequence is that now, one of my brothers is attending to a very good university (the other is still finishing high school) and I have been employed for already 8 years (I started when I was 18 - working during the day, University in the evening). I bought my own car, no debt. And no, I am not boasting of myself. What I am trying to say is that, thanks to the effort of my parents, it got even easier for me and my brothers - which has allowed us to focus more on studying and make even further progress in life. And I hope I can keep up, so I when I have my own kids, I can pass it along to them. And so on. One day my parents are going to die and we are going to inherit their hard work. Then I am going to die, and my kids are going to inherit it all. And so on. We live in a country where relying on the government is not an option, therefore we had to learn (the hard way) how to take care of ourselves. The first steps, took by my parents, were clearly the harderst and most demanding. But the following steps are likely to become easier and easier.

    10. Re:Revolution is easy - No Debt. by Peter+Mork · · Score: 1

      This is largely good advice. However, student loans are not necessarily a bad investment. You are correct, though, that you need to take your education seriously, or it's a waste of money.

      Paying off a mortgage quickly may be a bad strategy provided a) your rate is low (say 5%) and b) your employer provides some level of retirement matching (say 10%). Not only do you get to claim the mortgage interest as a tax deduction, but you're getting an automatic return on your retirement investment. So, my advice would be to pay the minimum amount on the mortgage and invest that money in a retirement account.

      Paying for things with a credit card is not prudent. But, if you have a no-cost card with some sort of reward program (e.g., I can use points to obtain gift cards for groceries), paying with credit can save you money. The trick is to always pay the card in full. Even one late payment and the strategy fails big time.

    11. Re:Revolution is easy - No Debt. by AP31R0N · · Score: 1

      i'd refine that to say bad debt is bad. Getting a loan to start a business that puts more money IN your pocket than it takes OUT is a good debt.

      --
      Utilizing the synergization of benchmark e-solutions to pre-workaround action items!
    12. Re:Revolution is easy - No Debt. by mcguiver · · Score: 1

      I very heartily agree with your post. My brother-in-law makes about twice of what I do, yet he is strapped for cash. He always has to drive a new car and have the latest toys. He can't afford a home, yet doesn't have any student loans to pay off. Meanwhile, I make less than $30,000/yr. I am a graduate student and have a wife and 2 kids. We live off of just my stipend. We make it work. We don't have the nicest stuff, but we live comfortably. We even have a healthy savings. I must admit that I didn't feel that sorry for people on the news who were crying about losing their "dream home" that they have been living in for 15 years with an interest-only mortgage. A little financial planning will go a long way.

      I just fear that the idea of the American Dream is turning into a sense of entitlement to a big home, 3 cars, and all the latest gadgets instead of the opportunity to work.

    13. Re:Revolution is easy - No Debt. by Anonymous Coward · · Score: 0

      No credit cards or debt? I wouldn't take it to that extreme if you want to live within the system.

      Reasons:
      - Housing is dependent on credit: The mortgage part is obvious, but renting involves a credit check of some sort.
      - Employment is increasingly dependent on credit: Many background checks involve a credit history of sorts.

    14. Re:Revolution is easy - No Debt. by perlith · · Score: 1

      I agree with the spirit behind the post, but not the implementations proposed. The idea being that the Western world (especially the U.S.) is in for a culture shock / change in the next 5-10 years. The personal finances aspect will be one of many items that will need to be revisited.

      However, I disagree with the notion of "no debt" / "debt is bad". Debt is good/healthy, so long as its properly managed debt. There's where the struggle comes in and the real education needs to happen.

      From personal experience, I pretty much violated every one of your proposals coming out of college (no grants/scholarship awarded so loans were needed, $15k+ credit card debt, car loan on 1 year used car, 10% on mortgage). However, all debt will be paid off, as will the house, by the time I am 35. How/why? Self-educating myself of taking on debt while in college and planning against future income with contingencies built in (was out of a job for 6 months at one point).

      Again, I think what you are proposing is a good starting point, but disagree with the "debt is bad" notion.

  76. Having worked in finance all my life.... by HerculesMO · · Score: 1

    (in IT)

    I can say that there's a valid anger at the Wall Street folks. First look at the way they operate... they make microtransactions that use computer algorithms operating at the speed of light to buy and sell all kinds of financial property from one bank to another. There is *NO* benefit to the economy here, they are simply playing on the gains and losses through a day, all day, every day. And usually at the expense of everybody else.

    Next, they don't have to worry about long term planning, because their bonuses are paid UP FRONT, not on performance over a X year period. So if they make the company $20 million, they might get a $100k bonus, even though those same investments next year will lose the company $100 million. They don't get dinged for bad performance, and it's easy to say "market conditions" any time this happens. Interesting fact... 80% of private finance firms CANNOT BEAT mainstream market indexes, like the S&P 500. That means if you invest your money into an index fund like anything that mirrors the S&P, you have an 80% chance of doing better than most finance firms.

    Of course, the way these banks really make money is through fees. They get you 8% return, and take 1.5% as a 'cut'. So you're getting 6.5% return YOY, but the S&P did 8% on its own, and you would have paid a pittance in fees because there's no need to "manage" that portfolio. Of course, nobody knows this, and the investors are happy keeping you in the dark about it.

    In addition to all this, add up the fact that the co-opting of banks into our colleges that made credit easy and tuition skyrocket really pisses people off. What's more, is that you CAN'T declare bankruptcy on student loans -- ever. Students graduate with 5-6 figures in debt with almost 30% unemployment and then people say they are wrong in being mad? They aren't wrong. Our system is wrong. It rewards short term risk, encourages stress on our economy whose job is to prop up the work of these banks, and almost no regulation or oversight. Not to mention, most of the people who investigate financial crimes (the SEC) wind up GOING TO WORK FOR THE BANKS. And there are no rules against THAT either. So one day you can be an SEC investigator making 75k a year, and the next day you can work as an "analyst" in a Wall Street bank making $350k a year.

    So yea, the #occupywallstreet protests are valid, if not a bit misdirected and full of mixed messages. They need proper spokespeople to get out there and explain their positions in a logical and rational way that hits home with the average person. And honestly, I can think of nobody better than Elizabeth Warren.

    --
    The price is always right if someone else is paying.
  77. Not news for nerds, really. by toddmbloom · · Score: 0

    I'm just embarrassed that everyone else will see those people in the protests and think that they represent the majority of America. They just look like goofballs, the people that sit around and hold up signs. I wish people would just stop paying attention to them - like with the Fred Phelps clan. Attention is what they want.

  78. I don't understand the point, educate me? by JustAnotherIdiot · · Score: 1

    I'm all for giving the finger to the 1% man, but do these protests have any real goal other than to just flip him off?
    Are we expecting anything out of this, or are we seriously just flipping them off for a few weeks just to go back to our everyday lives?
    Because that's going to do a whole lot of nothing, with the exception of helping the media outlets sell more stories...

    --
    What do I know, I'm just an idiot, right?
  79. The computers do not care by cod3r_ · · Score: 1

    Wall street is traded and run almost entirely automatically by the computers now days. The massive amounts of money that is traded on a day to day basis is done in very high volume by algo traders.. AKA computers. While right now the numbers are that 40% of the trades are automatic and by computers I'd bet the reality is the majority of that is the bulk of what is traded on any given day. Point being.. our computer overlords do not care about our problems.. they only care that they make massive amounts of money.. then they don't really care if they don't.. but that is what they are set out to do.

  80. Voters still in control ... by perpenso · · Score: 1

    One person can make a choice ... this makes no difference anymore these days ...

    BULL. It is still one person one vote in the US. The problem is that voters make very poor choices. Voters are easily "bought", too easily swayed by talk and are reluctant to throw out incumbents whose actions don't match their talk. Basically voters do not hold politicians accountable for their actions. Politicians only have to say the "right thing" on the campaign trail. There is the illusion of corporate control only because voters are overly influenced by TV commercials. What would happen if politicians started getting thrown out if their actions did not match their campaign speeches, if voters voted based upon performance rather than likability or political alignment? I'd wager politicians would be more attentive to the voters.

    1. Re:Voters still in control ... by Wyatt+Earp · · Score: 2

      One person can make a difference politically.

      http://en.wikipedia.org/wiki/Leon_Frank_Czolgosz

      The replacement of McKinley by Roosevelt lead to many of the anti-monopoly and customer protection systems in place in the US.

      http://en.wikipedia.org/wiki/Huey_Long#Assassination
      This eliminated a strong opponent of FDR for the '36 election

      http://en.wikipedia.org/wiki/Arthur_Bremer
      His attempt ended Wallace's run for the Democratic nomination in '72 and turned him away from his segregationist positions and to a politician who respected and appointed minorities.

    2. Re:Voters still in control ... by tbannist · · Score: 1

      Sometimes the problem is more complicated than that. For instance, while the approval of congress is somewhere around 10%, approval ratings for the voter's own congressman is often closer to 50%. The U.S. government system itself is broken because it contains far too many easily abused rules. Each congressman is encouraged by the system to try and bring as much of the federal bacon home with him as possible. The entire federal government often appears as nothing more than the tragedy of the commons in action. So while people can see how all of the representatives aren't working well together, a majority of people don't see how their own representative contributes to that problem. That's before even considering partisan politics, gerrymandering, and all of the other ways that the American people have systematically been robbed of having their vote actually count for something.

      It can probably be fixed, but it won't happen without a popular uprising so big that keeping the status quo looks riskier than the alternatives.

      --
      Fanatically anti-fanatical
  81. Failed Education System by Anonymous Coward · · Score: 0

    I am angry at the Education system that has produced such a large group of fiscally clueless children who have no conception of how the world works, wealth is created, and money flows. If these ignorant whiners want to address the REAL problems they had better educate themselves and start to think how their votes can make a difference.

  82. Basically by Anonymous Coward · · Score: 0

    It goes like this.. The masses become irritated, but are apathetic..

    Think, They came for the.. bleh bleh bleh cliche statement

    Then, they pull their heads up from the day to day to realize it really affects them and is/could be themselves/someone they know/someone they care about that's affected.. and they rabble..

    The elected officials/people in charge either realize what's happening, and that a social movements afoot and squash it either by enacting real changes, placating the masses, or through totalitarian oppression attempt to silence the dissidents.

    The above phase is where we're at collectively as a country now, and it's also where the non-violent dissent ends.

    Depending on the response or lack of response from the gov't/powers that be, it then moves on into an insurgency.. and has a tendency to become quite violent.. Again though, it's another opportunity for rectification and to bring back peace and stability.

    The next step is to overthrow the gov't. Though, even if it is the majority that wants this to happen in a country, they are almost always labeled as what has now become "domestic terrorists."

    Let us pray/hope that this stops at the non-violent form of protesting, and that the idiots that run the show allow these protests to continue, relatively unimpeded, and make real changes. I doubt it will happen though, as if history is to be analyzed, it almost always comes to violence when you have a gov't this firmly entrenched, a people this wholly unrepresented, and an economy this bad off.

    You know, if the elected officials feared their own demise at the hands of the People more than they feared their corporate puppeteers/financial backers, none of this would have ever come about.

    How appropriate that the CAPTCHA is "cautions"

  83. A little confused... by cmv1087 · · Score: 1

    From what I've seen, they're saying pretty much what I've been saying for a few months now and some of what I've been thinking since the recession. However, with no real definition to them aside from the vague desire to do something about the corporate government and a sense of being on the wrong end of the stick, it's difficult to tell other people (like my grandmother) just what Occupy Wall St and similar protests are about. "Ending corporate control of the government" isn't really enough explanation and the groups refuse to get into more details.

    On the one hand, formlessness and lack of unique identity and goals helps them by keeping the doors open to anyone who wants the same goal but may support different methods of it. It also makes taking action against them, whether through the media or law, difficult. On the other, those same traits confuse the hell out of people. Not just the talking heads or the politicians, but other regular Joes that want to understand and maybe support them. It's going to take more than simple anger to gain results.

    They're working on getting some details done, but the model of self-government they've chosen (a fully democratic consensus seeking assembly) makes it difficult to get to that point with any real speed. Right now, they have my support. We will just have to see how well that holds as time goes by. The Tea Party had good talking points in the beginning too, but they got co-opted by the Republicans. I'm desperately hoping that sort of thing doesn't happen here, but history is not favoring those odds.

  84. Something much worse! by Anonymous Coward · · Score: 0

    Looks like we have the drum circle hippies and the dirty stoner hippies. How long before this leads to something much (the college know it all hippies!) worse?

  85. Protesting Wall Street... by Roogna · · Score: 2

    ... is not a bad idea. There's a lot to protest for sure. The protests currently going on though? Well from what I've seen they don't know what they're protesting, or why. They're there simply to be there. Which is hardly going to change anything or even cause much of anyone to bat an eye.

    1. Re:Protesting Wall Street... by guspasho · · Score: 1

      They know exactly what they are protesting. You don't, or you don't want to. Go and listen to them. It is as obvious as the sky.

  86. So, let me see if I have this straight by Anonymous Coward · · Score: 0

    1) One bunch of Obama supporters ("Occupy Wall Street") is protesting another bunch of Obama supporters (Wall Street). Boy, that sounds convincing and not a charade at all.

    2) Why don't these dickheads protest the Fannie and Freddie bailouts? The bank "bailouts" (I use sneer quotes because the banks didn't need the money, and if they did need capital, could raise it privately, like Goldman Sachs did) were profitable (Soros outfit Propublica has the details here). By comparison (see the link), the big money pits are Fannie (not a bank), Freddie (not a bank), General Motors (not a bank), GMAC (GM's financing arm, and also not a bank, and should have been left to collapse with GM), Chrysler (not a bank), and AIG (not a bank). Why don't they protest them? They're the unprofitable bailouts, after all.

    3) They're not complaining about "bailouts", they're just complaining about not getting any of the bailout bucks. If the government forgave their student loans, they'd be ecstatic - but that's a bailout, no?

  87. Sturgeon miscounted by hirundo · · Score: 1

    99% of everything is crap.

  88. Re:some of the stories don't help.... by Anonymous Coward · · Score: 0

    One does not need to suffer the inequality to protest it.

  89. Hypocrisy in action by Beta+Master · · Score: 1

    Apple is the largest corporation in the world. The iPhone is notorious for being produced by slave labor (google foxconn suicides). How many of the occupy wall street protesters use Apple products?

    If you want to make a difference, vote with your dollars. Demand that the companies you do business with behave ethically. Humane treatment of employees and subcontractors instead of sweat shops. Reasonable CEO compensation with bonuses based on creating value, instead of huge payouts regardless of performance. Holding vendors and subcontractors accountable for their actions, instead of turning a blind eye because the price is right. The 1% has our money BECAUSE WE GAVE IT TO THEM.

    I find it ironic that these folks are protesting corporations, to whom we voluntarily give our money in return for products and services, instead of the government who takes it by force.

    --
    That which does not kill you, postpones the inevitable.
  90. No, it really isn't by Sycraft-fu · · Score: 2

    That reminds me of one of my many favourite lines from Canadian Bacon "There's a time to think, and a time to act. And this, gentlemen, is no time to think."

    Just going out and "building consensus for action" is not useful unless what the action is is defined. I will NOT stand behind any movement who's purpose is not defined. I have to know what you and I have to agree with it before I can support you.

    What's more, if you look at successful protests, well that is what they have. They have a list of what they believe is wrong and what should be done to solve that. They are the ones that work. As I said in another post, the civil rights movement is a great example.

    If it is just a bunch of people whining that we "need to take action" or something without saying what, then I've no use for them.

    1. Re:No, it really isn't by SirGarlon · · Score: 1

      I can certainly see the reluctance to jump on board a movement without understanding its goals. Populist movements have surely led to evil outcomes in the past (Communist revolutions everywhere, the French Revolution, hell even the Crusades). So wanting a clearer idea of what the protesters hope to accomplish just says you have a brain and a sense of moral responsibility.

      But, absent a stated agenda from the protesters themselves, don't you feel able to draw your own conclusions about what they want? Don't you feel able to agree with their grievances? In short, until you have a reason to disagree with them, why do you feel the need to reject them?

      --
      [Sir Garlon] is the marvellest knight that is now living, for he destroyeth many good knights, for he goeth invisible.
    2. Re:No, it really isn't by Sycraft-fu · · Score: 1

      My conclusions as to what they want is free money from "the corporations." They seem to feel owed something by society and figure that corporations and/or Wall Street are endless money pits that could give them cash, if only they were willing. To me that speaks of extreme ignorance of the complexities of the economy and as such I've no support for them.

      Could I be wrong about them? Sure, and I'm sure I am about at least some of them. But unless they can get their message on point, then what am I to do? My assessment of them is they don't understand the situation and thus don't have any idea of what to do. That isn't something I support.

    3. Re:No, it really isn't by Anonymous Coward · · Score: 1

      What's more, if you look at successful protests, well that is what they have. They have a list of what they believe is wrong and what should be done to solve that. They are the ones that work. As I said in another post, the civil rights movement is a great example.

      I don't know about that. I may be wrong (usually am), but I don't know of any coherent theme to the civil rights movement beyond "Things have to change." There were a lot of different factions and a lot of different ideas, ranging from "A civil right or two would be swell" to "Kill Whitey". You had MLK and the "Dream" speech, but you also had Malcom X, the Black Panthers, and a bunch of other organizations with different goals. I really don't think you'll find many "movements" that didn't consist of a bunch of uneasy alliances with an eventual winner.

    4. Re:No, it really isn't by ahankinson · · Score: 2

      Most protests don't start out with any idea other than "something's wrong here." It's only afterwards that we can see that they changed something; while it's happening it's pretty much just chaos.

      And they do have a list of what's wrong: You have to look no further than the fact that they're occupying Wall St. instead of the National Mall. They're protesting the disproportionate financial imbalance between those who drove the economy into the ground without having to take responsibility for it, and those who are actually shouldering the burden of their actions.

      As many people have already pointed out, this is very similar to the conditions which led to the French Revolution, so I wouldn't dismiss them too readily. After all, that was organized by a bunch of largely illiterate people who got tired of bearing the burden of a collapsing but insulated monarchy. It didn't end too well for the monarchy.

    5. Re:No, it really isn't by pablodiazgutierrez · · Score: 2

      On what do you base that perception? I've only read very reasonable requests, touched with a bit more than a pinch of idealism. Two of the most recurrent requests are a Tobin Tax to trade transactions and the re-enactment of the Glass–Steagall Act. I don't see how that would lead anyone to believe the protesters want free money from corporations.

    6. Re:No, it really isn't by Ragun · · Score: 1

      The civil rights movement had clear and obvious policy changes to go along with it, so there was really no need for a second step.

      Its a little more difficult when its something like the financial system. We need something somewhere inbetween what we have now, and the "hang the bankers" approach, and first step is to get people on the same page on the direction we want to go. Right now our country can't even decided what about itself it doesn't like.

    7. Re:No, it really isn't by cmburns69 · · Score: 1

      I don't really want to see any legislation come out of this. An immoral population will find a way around any law you can make. However, I'm very happy to see this movement continue because it's at least causing people to think about the problems and injustices that exist.

      We as a society can be greater than the sum of each of us. But we won't be as long as we're only thinking of how to game the system for ourselves.

      --
      Online Starcraft RPG? At
      Dietary fiber is like asynchronous IO-- Non-blocking!
    8. Re:No, it really isn't by Dripdry · · Score: 2

      Aha! THIS is the problem (sorry, not trying to be too harsh...) I see with IT/analytics and starting a union too. They all want to have specifically defined goals to accomplish. The problem is exactly what Big Media sees too: There ISN'T one big problem anymore. There are SO MANY PROBLEMS at this point that the system is faltering madly.

      We need such a large group of people to get behind this that NO ONE can come up with one idea that everyone will agree on, the modern era of information is too individualized. We need to give some of this up for now. What we need now is CONSENSUS. We must band together and be a GROUP, A BIG GROUP, who cares about bettering the country, NOT having just one issue, but a group of issues. THAT'S HOW POLITICAL GROUPS FORM (sorry for caps), they have a wide agenda and get people behind it. If it were just one issue (this BS about civil rights versus the mending of an entire financial system is crazy, they're just not the same it would be easier, but it's just not.

      --
      -
  91. Re:Sick of it... by Just+Another+Perl+Ha · · Score: 1



    <p>Look really closely at the Occupiers, and I bet you find a bunch of elitist bastards from Ivy League and other top-tier Universities.</p></quote> ...who are having a really hard time finding a job....

  92. My SIMPLE response to the "Occupy " by PessimysticRaven · · Score: 1
    --
    Consistency is only a virtue if you're not a screw-up.
  93. never thought the Americans had it in them by jwijnands · · Score: 1

    Well, it's certainly provided an interesting look into NYPD's way of 21th century policing. Apart from that, yeah, good to hear some voices agains tthe unsustainable "more, more MORE!" movement.

  94. Re:Sick of it... by Just+Another+Perl+Ha · · Score: 1


    Sorry... the class warfare started back in the 80s... and we've been on the losing end for a long long time.

    It's about time we started fighting back.

  95. Strange Penalties by heretic108 · · Score: 2

    Steal a dollar, get probation
    Steal a thousand dollars, get a fine
    Steal a million dollars, get home detention
    Steal a billion dollars, get a long jail term
    Steal a trillion dollars, get a free swag of taxpayer money and become a consultant

    --
    -- In the beginning was the WORD, and the WORD was UNSIGNED, and the main(){} was without form and void...
    1. Re:Strange Penalties by deek · · Score: 1

      Well, to be fair, if you can steal a trillion dollars, you obviously know something that most people don't. May make a very good consultant.

  96. Don't wear a suit by Anonymous Coward · · Score: 0

    .... or you'll get spit on. I was watching the news last night and they were interviewing a protester, who was holding a Starbucks cup, wearing a North Face jacket, etc. Ummm, what?

  97. Misdirected by Anonymous Coward · · Score: 0

    1) They are upset about the high-risk mortgages made by "big banks" ... which the president (Bill Clinton) twisted their arms into making in the first place.
    2) They are upset about being "sold out" by banks that were "bailed out" ... when the government (GWB) bailed them out against the wishes of the American people in the first place.
    3) They are upset about the so-called "top 1%" having all the wealth, don't care that they pay 40% of all the taxes already, and demand they pay a "fair share" while the government spends money that is greater than if they were taxed at 100% of their incomes.
    4) They are demanding the end of capitalism which has been the most successful method of increasing wealth and freedom in human history while promoting socialism which has destroyed the wealth and freedom of every country that has attempted it.
    Almost everything they are screaming about can be laid at the feet of the government that they so cherish and trust. Everything else is a demand for a system of government that has done nothing but destroy people, lives, and eventually the countries themselves.

  98. Re:some of the stories don't help.... by roc97007 · · Score: 1

    You did catch the word "some", in the previous sentence? Or did your blood pressure shoot up so fast it caused retrograde amnesia?

    --
    Oliver's law of assumed responsibility: If you're seen fixing it, you will be blamed for breaking it.
  99. How Do You View the Wall Street Protests? by Anonymous Coward · · Score: 0

    From the screen of my computer @ work. Get a job you bunch of hippies, if you can't find one, think before you vote next time!

  100. asleep in history class by St.Fudd · · Score: 1

    Were all these protesters asleep in history class? Because I was taught that a balanced society was tried several times in the past. most notably the communist republic of the former soviet union. it collapsed because the government wasn't able to keep up with the control needed in a modern society and the capitalist movement took over.

    Soon the same will happen in China, that's a huge global market bubble that's ready to blow any minute.

    I mean its not uncommon for someone to create a business in their garage that overtakes other almost monopolistic business's, there are countless cases of this happening. in our capitalistic society no one is stopping you from doing that.

    --
    -------------------------------------------------- - thats all I have to say to this, go on fellow n
    1. Re:asleep in history class by Just+Another+Perl+Ha · · Score: 1

      Lest we all forget...

      Under communism, man exploits man.

      Under capitalism... it's the other way around.

  101. Systems hate being anthropomorphized. by jaypifer · · Score: 1

    Systems don't make money or contribute to society. People do. The problem with the current system is that those same people are able to manipulate it without their knowledge or consent of the rest of us.

    Bitcoin addresses a host of failures of the current system by making financial transactions fully transparent. There is an inability to to leverage money 50 to one like Societe Generale taking accounts to the casino. There is an inability to inflate the currency. There is no need for banks since everyone *is* a bank and can conduct global transactions anytime anywhere for free.

    It's not perfect, but the current system is broken.

    --
    Never go to sea with two chronometers; take one or three.
    1. Re:Systems hate being anthropomorphized. by Tiroth · · Score: 1

      There is no reason you can't use leverage with something like BitCoins. Example: I pay you X bitcoins, you give me Y shares of GOOG for the next month. If the value of those shares is >X then you have leverage.

    2. Re:Systems hate being anthropomorphized. by jaypifer · · Score: 1

      This is true. In actual usage, the problems of today would be far less pronounced. For example, today if you deposit money in a bank perhaps 20% stays in the bank and the 80% goes out to be reinvested. With transparent transactions, we would know how much money was in the bank account and it would serve as a deterrent to overleverage.

      Yes, I'm aware the bank could have limitless accounts and try to obfuscate the information. In practice, everyone knows the account numbers of the exchanges.

      --
      Never go to sea with two chronometers; take one or three.
  102. less anger; more education by optimism · · Score: 2

    The protesters are drawing some attention and venting some anger, but that's about it right now.

    There is however a huge opportunity for public education.

    Instead of angry faces, and moronic signs like "y u not angry?", it would be nice to see some calm & rational folks down there with signs like:

    "Bank Locally"

    "Manage Your Own Retirement Funds"

    "Reinstate Glass-Steagall"

    "End the Federal Reserve Banking Cartel"

    And if you talked to these people, they would make suggestions like:

    1) Move all of your accounts and loans to a transparent, non-profit, local credit union. Or at least to a trusted small local bank.

    2) Withdraw all money from your 401K, 403B, IRA, etc and manage it yourself. (The banks and government have lied to you about the long-term benefits of these accounts...which you will see when your retirement funds, which probably were already reduced by poor money management, are hit with the double-whammy of higher capital gains tax plus hyper-inflation).

    3) Lobby your local senators and representative to reinstate the Glass-Steagall Act, cap usurious interest rates, institute clawback laws for insane compensation of bank execs, place the Federal Reserve under ~government~ control (haha! you thought it was under government control?), etc. Call your elected representatives. Write them. Collect signatures of other constituents who will not re-elect them unless they push for these changes.

    Etc.

    1. Re:less anger; more education by goldspider · · Score: 2

      I'd love to have the requisite time and knowledge to be able to manage my own retirement account, but I don't. And neither do a lot of people.

      --
      "Ask not what your country can do for you." --John F. Kennedy
    2. Re:less anger; more education by NeutronCowboy · · Score: 1

      You should be happy to know that one of common signs at these protests is "End the Fed".

      --
      Those who can, do. Those who can't, sue.
    3. Re:less anger; more education by optimism · · Score: 1

      I'd love to have the requisite time and knowledge to be able to manage my own retirement account, but I don't. And neither do a lot of people.

      There are many different levels of management.

      Most folks just throw their automatic paycheck deductions at one or more "funds" that their employer told them were appropriate. This is ZERO management. They have absolutely no idea who is managing that money, how they are managing it, and what it is ultimately being used for.

      You don't have to actively manage each dollar of your savings. But if you plan to build a retirement nest egg of say a few $100K, it would be kinda stupid to NOT invest a few $1K of your time to learn about the options, and proactively find a money manager whom you can trust to do the right thing.

      This is much better than zero management of your nest egg, which places absolute trust in corporations that are inherently sociopathic.

    4. Re:less anger; more education by goldspider · · Score: 1

      What options do people with company-sponsored 401(k)s have?

      --
      "Ask not what your country can do for you." --John F. Kennedy
    5. Re:less anger; more education by optimism · · Score: 1

      Infinite options.

      The best course depends on your specific situation, goals, and company-sponsored plan rules. That's why you should spend at least 1% of your time & money to educate yourself and/or find a money manager whom you trust

      At one extreme, there is the option of terminating all of your 401k contributions, withdrawing all of your 401k funds, and directly investing these monies in ways that you (or your money manager) believe are best aligned with your goals.

      At the other extreme you (and/or your money manager) could simply select different funds for your contributions; funds that perform much better than the ones which your company-sponsored plan "suggests".

      Much depends on the specifics of your company's plan. Do they match your "contributions"? How much? On a vesting schedule? With any fund, or only specific approved funds? Etc.

      There are many "hooks" to entice people to give up control of large amounts of retirement funds. You need to find the hooks in your plan, and determine whether any of them are actually worth it. Chances are, no, because the guys who made those plans have to skim their cut. But you still need to check.

    6. Re:less anger; more education by optimism · · Score: 1

      You should be happy to know that one of common signs at these protests is "End the Fed".

      I would be happier if those signs said at least "End the Fed Banking Cartel".

      Most folks have absolutely no idea what the Fed is and what it does. But many folks do understand what a cartel is, and that it is bad for the free market and for society as a whole.

      So saying "End the Fed Banking Cartel" simultaneously informs them that the Fed is a cartel vehicle (for the big banks) and explains why it should be "Ended".

      Ideally the protestor carrying that sign also knows the full history of the Fed, and can provide the phone number and mailing address of any US senator or representative, so if anyone expresses interest in the message, the protestor can tell them exactly what to do and why.

      The march/occupation itself should only be the tip of the iceberg of change. Unfortunately it is usually the whole shebang. Just a place for the young ones to vent their uninformed anger, and hook up with each other. :p

    7. Re:less anger; more education by PraiseBob · · Score: 1

      2) Withdraw all money from your 401K, 403B, IRA, etc and manage it yourself.

      You are basically saying, that out of thousands of different companies that manage these types of accounts, ALL of them are corrupt or incompetent, and exist for the sole purpose of taking your money and giving you a lousy deal in return. So the only solution is that people need to learn how to do this themselves? Should I also farm all of my own food, and refine my own gasoline?

    8. Re:less anger; more education by optimism · · Score: 1

      No, I didn't say that they are all "corrupt" or "incompetent".

      They are, however, undeniably ALL in business to make money for themselves.

      If you automatically donate your money to an "investment fund" that you do not actively track & manage over the years (or decades), the fund managers will use your money for their own goals, risk profiles, hedges, profits.

      And then...oops...we lost all of your savings! Sorry. But we never guaranteed anything. You just gave us your money and blind trust.

      In my experience, most corporate slaves don't pay much attention to their retirement accounts until they are well into their 40s, by which time the fund managers have had a couple decades of free play with the money. Then more folks start to take an active role with their money....but there is still a good decade or two of free-play with most accounts.

      YMMV.

      See also my response to another reply on this comment:
      http://slashdot.org/comments.pl?sid=2469114&cid=37669700

    9. Re:less anger; more education by goldspider · · Score: 1

      Dollar-for-dollar match up to 5% is hard to pass up.

      --
      "Ask not what your country can do for you." --John F. Kennedy
    10. Re:less anger; more education by Anonymous Coward · · Score: 0

      There are primarily calm & rational signs. Perhaps you should watch something besides the main stream medias portrayal of reality. After 2008 you should have realized the main stream media is not there to educate you.

    11. Re:less anger; more education by optimism · · Score: 1

      Yep, that's one of the hooks: "Hey, I had a $100,000 salary, and now it's really $105,000!"

      But then you need to consider:

      1) That 5% salary gain is more like a 3½% gain after deferred income tax. It is income, not cap gains.

      2) The performance differential between the "dumb" company-approved investment funds, and "smart" independent investments (real estate, business opportunities, selected stocks/commodities, etc), could easily be in the double-digits.

      3) You likely have a 10% penalty (on top of taxes) if you want to access your own money from this account before age 59½ (e.g., to invest in some business or property opportunity that will have double- or triple-digit gains, versus the single-digit gains & losses of the current mutual-fund markets).

      4) The matching funds from your owner/employer are likely subject to a vesting schedule or similar mechanism that handcuffs you to their corporation, even if it is a bad career choice for you. That is their motivation for matching.

      etc.

      Be sure to read the fine print, and also do the opportunity-cost math.

      In the final analysis, the 401k doesn't make financial sense for many folks. But then you are presented with stuff like matching calculations...you know...don't forget to structure your "contributions" so you max out the company match before hitting your limit!! Etc. Many folks are distracted by these details, and miss the bigger picture of whether the account makes sense in the bigger picture.

      YMMV. Good luck and godspeed.

    12. Re:less anger; more education by optimism · · Score: 1

      Yep, I'm well aware of the motivations of the MSM.

      So...do you have any good links to non-MSM coverage of the protests, to make your point???

    13. Re:less anger; more education by Anonymous Coward · · Score: 0

      ...and this is how we hand over power to others. Willful ignorance.

      Maybe rather than capitulating, it'd be better to ask why(or whether) it's so hard to manage one's finances toward retirement?

    14. Re:less anger; more education by sp0tter · · Score: 1

      thanks for the pointers, I will have to look again at my company's specifics. One big hook for me is that ALL our bonuses are paid in the form of 401k contributions. If I empty my 401k, I am essentially abdicating all my year-end bonuses. Just wondering if this was common.

      --
      you don't eat crackers in the bed of your future--or else you'll get all scratchy
    15. Re:less anger; more education by optimism · · Score: 1

      I don't know if it's common, but it is financial shenanigans.

      My guess is, they do this to avoid having to actually match your contributions.

      If you set your deductions + company match to hit the $16500 annual limit (as any obediently programmed salary-slave should), and then the company drops a bonus that is the same or larger than their match obligation (5% of salary), they end up not having to match AT ALL...because the bonus has already pushed your account to the contribution limit. :D

      Now...go read the fine print in the contracts that give your money to the banks to use as they wish... :p

    16. Re:less anger; more education by Anonymous Coward · · Score: 0

      Some of those signs are in there (though shortened for brevity's sake). I have seen ones aliterating to glass-steagall and plenty of 'End the Fed' ones. Statements from many of them include banking locally (credit unions etc). I take it you have haven't seen the video of Jesse LaGreca as he knocks down the leading questions fed to him by a Fox News reporter? Seems pretty rational to me. The tone is there, the coverage is not.
      The media is terrified to show this stuff because it smells of populist rational rebellion (a la Egypt), instead of angry fringe elements. It doesn't have all the safe excitement of a trailer trash showdown that Tea Party activism had from a media perspective.

  103. Re:Sick of it... by sycodon · · Score: 1

    Using their iPhones and Blackberrys and toting Starbucks cups.

    --
    When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
  104. If the protests were actually worth bothering with by Anonymous Coward · · Score: 0

    ...I might bother to watch them in the figurative or literal sense. Seriously, I heard about them first in the context of a police brutality story, and upon investigation found that they're a bunch of idiots who have no real idea what they're doing. Think I'm engaging in hyperbole or don't know what I'm talking about? Check that particular fact. Seriously, on the OccupyWallSt.org blog, on the most coherent list of demands the mob called OWS has made is a big 'ol disclaimer right at the top that says, and I'm quoting directly on this, "There is NO official list of demands." Right there is a serious problem for a movement. To use a long-standing axiom, "Unless we stand for something, we'll fall for anything," and that, my friends, is what's happening with this particular batch of Useful Idiots. Their "message" has changed almost daily, they keep drifting (sometimes literally, as in 'into oncoming traffic') with whatever political wind blows their way, they shut down their supporters, steal from the NY local businesses, and engage in what could only charitably be called "bad behavior." (Seriously, defecating on cop cars? Are they trying to alienate people?)

    Nearly everything suggested by the mob has ranged from Marxism to socialism to just plain ignorant, up to and including breaking laws which, even in Marxist or socialist countries, earn severe penalties, and I'm not even talking politics, I'm talking economics and contract law.

  105. It's got you all talking by haltline · · Score: 1

    I think it's good because it has so many people talking. I don't like all for the petty arguments being volleyed about. While the topic is open this is your chance to speak, may I suggest that, rather than argue about which corners have the most dirt in them, we talk about what we want our country and world to be and work from that.

  106. Bogus... by david.emery · · Score: 1, Interesting

    I remember the '60s, they sucked the first time. And the anti-war protests of the '60s tended to be much more focused than this crap.

    My view is that it's a lot of naive people, influenced by left-wing hypocrites and by those who will use these well-intentioned protests for their own ends (e.g. the radical anti-war people that got gassed trying to enter the Smithsonian Air & Space Museum on Saturday). But that's just like the '60s, too! I have generally no patience with the far-left agenda that has been so disproven throughout history (i.e. why communism, which sounds at face value reasonable, doesn't work in the large as a "violation" of human nature.)

    Now if someone wants to protest with a clear agenda (like, for example many of the gay rights issues such as same-sex marriage), I respect that (even when I don't agree with it.) But I can assure you that (a) I'm not in the 1% of top income, and (b) those protestors DO NOT represent me!

    1. Re:Bogus... by Billly+Gates · · Score: 1

      The Tea Parties were not organized at first and had no message other than they hated taxes back in 2008. That changed.

      This is the early formation of a new movement which has been predicted for years. You can't have a 10% unemployment rate and a %18 long term un and under employment and not expect people to get off their couches. They needed something to take part in at first. There seems to be several different groups from angry students, lefities, to unemployed average Joes, all angry at Wall Street in which they should be. Not one organization which is why it is diverse and why no coherent message other than a unified theme so far.

      Wall Street fucked up and hurt millions of people and affecting everyone with lower wages, poor savings rates, and unemployment. This is true even if you have a job. More than likely you or anyone else reading this knows of at least one friend, coworker, or family memember without a job. Revolutions happen when bad conditions like what we see in the US and soon Europe. CNN, Foxnews, and even slashdot have posters criticisng people for not getting off their butts and taking matters in their own hands and that one day it will come to America. It has

    2. Re:Bogus... by Animats · · Score: 1

      I remember the '60s, they sucked the first time. And the anti-war protests of the '60s tended to be much more focused than this crap.

      That's because the main agenda was to avoid being drafted. The anti-war movement was about self-interest. There hasn't been a serious anti-war movement in the US since the military went all volunteer.

      This time, the agenda is to avoid being laid off and broke. That, too, has self-interest driving it.

    3. Re:Bogus... by kaliann · · Score: 1

      War, death, destruction, and draft are by their nature easier to coherently grasp and protest.

      Banking policy, tax structure, economical issues, transparency, and corporate regulation are much less easily portrayed. They are not soundbite friendly, but they are still important.

      Simplicity does not confer merit; nor does the complexity of a problem negate its validity.

  107. Hmm, the unions are protesting political influence by Anonymous Coward · · Score: 0

    If these protestors understood irony, they'd probably be smart enough to be employed. When the big unions showed up I snickered. When I saw signs saying 'end capitalism', I was a little annoyed. When Al Sharpton and Russel Simmons took the mic, I realized that this is just another campaign vehicle for the Democrats. It will go away soon enough. And I hope they take their trash with them when they leave.

  108. Re:Slashdotters unite to attack whoever dares to a by goldspider · · Score: 2

    "Sadly, I've learned most Slashdot users will talk from self-perceived position of superiority and mock any and all attempts from people to improve things, exercise their right to free speech or just try to do whatever they can to fight for their rights."

    If the protesters themselves didn't try so hard to invite ridicule and instead focused squarely on getting their message out, we'd have a reason to take them more seriously.

    --
    "Ask not what your country can do for you." --John F. Kennedy
  109. Re:Sick of it... by RightSaidFred99 · · Score: 1

    I have stories too - the rabble did real well in 20th century Russia, eh? Oh, I know - the glorious revolution got co-opted by corruption. But that's what _always_ happens. Also, those "filthy commoners" setup the system the whiners are so vehemently complaining about, including the onerous concept that you are free to succeed or to fail on your own.

  110. Re:some of the stories don't help.... by airfoobar · · Score: 1

    Have you seen the tumblr blog that started all this? It's not just students on there, and if you watch anything but Faux news you'd know by now they are a VERY diverse group.

  111. A bunch of nutjobs... or by mattack2 · · Score: 1

    as little as possible.

  112. Pathetic by Anonymous Coward · · Score: 0

    They call themselves the 99%, but they're a bunch of fringe stragglers with no motivation, no agenda, no goal, no organization, no nothing. They're nothing but a joke, the clearest and most representative expression of leftist thought in America.

    http://www.bostonherald.com/news/regional/view.bg?articleid=1372233

    http://www.washingtonpost.com/blogs/post_now/post/air-and-space-museum-closes-after-guards-clash-with-protesters/2011/10/08/gIQAx0x2VL_blog.html?hpid=z2\

    http://reason.com/blog/2011/10/08/danny-cline-occupy-wall-street\

    http://hotair.com/archives/2011/10/09/occupy-atlanta-gives-john-lewis-the-cold-shoulder/

  113. Re:Sick of it... by GameboyRMH · · Score: 1

    I don't get what's wrong with this (ok, the Starbucks thing is kinda funny, their stuff is bloody expensive), what's so wrong with not liking the corporate influence on government while owning corporate products? If a libertarian drives on government roads and drinks government-approved clean water and breathes government-cleaned air while railing against the government on the government-invented Internet using a computer that can communicate wirelessly thanks to government-managed airwaves, does that make him a hypocrite? Maybe he doesn't want those particular things to be affected, or is willing to do without them (good luck).

    --
    "When information is power, privacy is freedom" - Jah-Wren Ryel
  114. Re:some of the stories don't help.... by roc97007 · · Score: 1

    I don't disagree, but if you acquired a big time debt going to college (which I did also, and PAID IT OFF MYSELF), *and* your parents are wealthy enough to pay it off with the change under the bonluxat sofa cushions, you defeat the purpose of occupying a park near wall street and crapping on cop cars by admitting that actually, you're a rich spoiled brat. [1]

    [1] I mean the literary "you", not, you know, you.

    --
    Oliver's law of assumed responsibility: If you're seen fixing it, you will be blamed for breaking it.
  115. Makes me furious and sad. by miffo.swe · · Score: 1

    The protests should not be necessary at all. In a democracy its pretty awful to be forced to bail poorly run and overbooked banks out. We live in a rampant capitalist world where everything we hear is how the free market is the god of all humanity. We should take whatever shit the market blows our way. Be it unemployment, foreclosure, seizure, no medics and just about anything else life throws our way.

    At the same time we have to take our money, our damn money, and bail the rich bankers and corporations out? This is inverse socialism where the people pays the rich.

    Let the damn banks and corporations fail already. The effect on the economy would be short and hard but it would weed the real assholes out of the system. The message we send to the banks right now is to make an ever bigger mess in the near future. Sadly the political system is totally broken.

    --
    HTTP/1.1 400
  116. I think it's a good start. by JoeGee · · Score: 1

    Given time, they'll find their focus. This is the balance I have been waiting for since the Tea Party came into the picture. The US needs a citizen-originated anti-corporatist organization. We need a powerful "grass roots" movement to answer the swing to pro-corporation anti-worker conservatism we've taken. I see OWS as the first step in a corrective turn away from fascism and back towards a more humane democracy. I'm hoping it will eventually provide the yang to the Tea Party's yin. I was a child of the 60's, raised in the 70's when the 60's optimism was still relatively fresh in some people. I've been waiting for the awakening that was promised but never delivered by the great demonstrations of that era. It is long overdue.

    --

    Get off my virtual lawn, you damned virtual kids!
  117. Re:some of the stories don't help.... by roc97007 · · Score: 1

    The word "some" just doesn't mean what it used to, does it?

    --
    Oliver's law of assumed responsibility: If you're seen fixing it, you will be blamed for breaking it.
  118. They're in the Wrong Place by Anonymous Coward · · Score: 0

    I've said this repeatedly to people hoping for an answer: why are they protesting dozens of blocks south of where the actual financial heart is? Basically, they're yelling at the wrong people. They're yelling at the worker-bees. They need to pack up, move north, and yell at the right people.

    In the meantime, I mourn the issues I want to see go further but aren't going to because they're in the wrong place or lost in the senseless breadth of the protest topics.

  119. Comment removed by account_deleted · · Score: 4, Interesting

    Comment removed based on user account deletion

  120. Their title exposes their presumption by swan5566 · · Score: 2

    1: I and many others who would constitute the "99%" do not stand with them. They need to redo their math. 2: No one forced anyone to take any loan. Personal financial responsibility doesn't go away just because you aren't rich. 3: No one is entitled to give you a job. 4: If wall street was breaking the law, then go picket the SEC for not doing its job. If they were not, then go picket the SEC for not doing its job. 5: Much of the 1% had nothing to do with mortgage crisis.

    --
    In debates about Christianity, there are two groups: those looking for answers, and those looking to just ask questions.
    1. Re:Their title exposes their presumption by Builder · · Score: 1

      > No one is entitled to give you a job

      Really? I thought I could hire anyone I wanted.

  121. Re:If the protests were actually worth bothering w by HomerNet · · Score: 1

    What? No, damnit! I didn't want to post anonymously! Gah, I keep forgetting to make sure I'm logged in here.

    --
    I have no tag line
  122. I went to OWS in New York by br00tus · · Score: 4, Informative

    I went to Occupy Wall Street in New York, in Liberty Plaza on Thursday night.

    You hear in the news media about how the park is not clean. I stood and watched the General Assembly go on for some time - while I was standing there, people with brooms came by every 15 minutes or so. The OWS people are almost overdoing the cleaning in response to the criticism, I've never seen more sweeping and cleaning than I did in the park. So if you hear on Fox News that OWS is not cleaning up after itself - it is just not true. I've never seen a place cleaned so frequently.

    When I was there, most of the people were young people - in their late teens and twenties. They were winding down for the night so they were relaxing more. On one end of the park musicians were playing drums and other instruments, and the young people were dancing. Past them were a lot of sleeping bags. Past that people were being fed by a kitchen. They have a media center being run by a portable generator I believe. Past that is the general assembly where they make decisions. There is no loudspeaker so people repeat what the speaker says for those too far away - kind of like in the Life of Brian, but hopefully with more faithful repetition.

    I've followed the internal political discussions about the effectiveness of these kinds of things for a long time. One point is it's a demonstration, in the sense of an example. Food is handed out freely, decisions are made through direct democracy in a general assembly, there's a DIY esthetic for everything, in a spirit of cooperation. So a community is created in OWS that is an antithesis to say the Wall Street financial companies - which are in buildings surrounded by semi-conspicuous barriers, behind which are tall office buildings whose entrances have security cameras, security guards and locked security gates, and up the elevator you have people wearing suits (or as fashions change, business casual) in a high-pressure, competitive, cutthroat hierarchy, run for profit. It's creating the new society in the shell of the old, as it's sometimes put

    Then there's the other political considerations. Obviously this is inspired by the demonstrations in Tunisia and Egypt and the Arab spring on one level, and perhaps in some dialectical way the Tea Party as well. In the US in the 1930s there were student organizations, labor organizations, labor political parties and parties courting labor for people to get involved in. Nowadays less than 7% of private workers in the US are in a union. But things have changed in the US as well - in the 1930s Detroit going on strike would be shutting down America's economic engine - nowadays if Detroit went on strike, it would be much more minor of a ripple in the national economy. The UAW threatening to go on strike is much less threatening to the powers that be.

    One of the biggest laughs is OWS has not come out with a clear program for the ordinary 99% of us not born with a silver spoon in our mouths, to get us into a better position. Well who out there actually is doing that? The corporate media is completely controlled by billionaires, Congressmen collectively get billions of dollars in campaign contributions, Bill Gates and others are trying to privatize all schools into charter schools. These rich heirs control the media, the government, increasingly the schools, and even churches really. Most importantly of all they control enough capital to effectively control all capital, they control who works, who doesn't, and the offices we go into every day, where our labor is kicked up to these heirs in one form or another by way of a quarterly dividend check. And then the real kicker is these people also effectively control or co-opt the organizations made to check their power - labor-oriented political parties and labor unions. That's why I feel that the OWS general assembly gives voice to my concerns in a way that all the other controlled and coopted organizations out there do not. People generally don't think about these things, but as the unemployment rate drags on at 9%, as the housing market stays sluggish and so on, more people dwell on these things.

    1. Re:I went to OWS in New York by Anonymous Coward · · Score: 0

      Born with a silver spoon? My parents were dirt farmers starting out life in the Great depression. I grew up on a 60 acre farm, yet we never went without the necessities although we skipped a great many luxuries. OTOH we were one of the first families to even have a Television in the whole area. Through their lives my parents saved and lived within their means. I was never jealous of those who had more, I saw that as an opportunity or challenge to work harder and be innovative.
      By the time I was out on my own my parents had saved enough that they were making small loans and buying up land contracts for people who were having a tough time qualifying for bank loans. No, they weren't wealthy but they chose to use what they had earned to help others. Credit cards did not exist and people did not live on credit like they do now.

      I went to work right out of high school, but after 26 years I quit a good paying job and went to college. You think college is expensive, quit a good paying job that support a family and add that to the cost of college!

        After earning a "worthwhile degree", I went back to work and I invested every spare cent. Sure I made and lost money in the market, but long term I came out ahead so I am a firm believer in capitalism. So what if some guy makes a billion dollars? I do not begrudge him that ...IF he made it legally. Nor do I think he owes me any of it.

      Private schools do not mean expensive schools. With the charter system you'd be able to select the school you wanted for your kids and they'd not be subjected to the progressive mantra and over done political correctness in today's public schools and they'd most likely be safer.

      Yes the politicians "we elect" are often "bought and paid for" but that they can "be bought" is a sign of "their character", not of the system and not of capitalism. Yes there has been a swinging door between retiring politicians and regulators between the government and many parts of industry that they regulated. The FCC and LightSquared, The regulatory agency and BP are just two examples. There should be a 5 or 10 year waiting period before these people could take those jobs. The current administration has taken capital cronyism to a new level.The EPA, and FCC have violated their own rules to grant privileges to companies. Yet the EPA and government regulations are making it difficult for small businesses to exist, let alone start up new businesses and small businesses employ the majority of workers, not big businesses. IOW the regulations are killing jobs, not creating them as some senators keep claiming. Yes, businesses both large and small are setting on cash and it's not because they want to. It's because they don't know what new regulations tomorrow will bring. Simplify and stabilize the regulations and they will spend!

      However for those who want an end to capitalism, just look at the corruption in those countries with socialism and communism. There will always be a ruling class in one form or another.

        It's not perfect but I truly believe we have the best system in existence, warts and all. I'll gladly settle for a few billionaires out there to keep the system, What we need to do is weed out the "bought and paid for" politicians and prosecute the people who cheat the system. Remember though that it was the politicians who changed the rules to let the banks and lending institutions get out of control in the first place . In some cases the government forced them into making bad loans. (and I don't mean just the present administration...this goes all the way back to the repeal of the Glass Steagall Act and even farther).

  123. Comment removed by account_deleted · · Score: 1

    Comment removed based on user account deletion

  124. Re:some of the stories don't help.... by slater.jay · · Score: 1

    One does need to suffer the inequality to claim one is suffering from it without being laughed out of th

  125. Justifiable rage, but no clear goals by Anonymous+Meoward · · Score: 2
    Once the OWS organizers (if they exist) come up with at least some bullet points, then I'll take them more seriously.

    That's not to say that their anger is misguided. Those who got us into this mess have done less time in the slammer than the protesters who were unlucky enough to get arrested. Our political system is not so much broken as already bought. And the wealthy in this country, by and large, have every reason to regard themselves as America's upper caste, since they're effectively immune from poverty, or even the rule of law for that matter.

    But if there is a message here, it's getting lost in the noise.

    --
    --- The American Way of Life is not a birthright. Hell, it's not even sustainable.
    1. Re:Justifiable rage, but no clear goals by FrkyD · · Score: 1

      The "organizers" or at least the web page http://usdayofrage.org/ that was set up months ago to make the call for protests, did start out with bullet points.
      1 citizen
      1 dollar
      1 vote
      The central issue has been election finance reform, and reducing the influence of big business and banking on the U.S. Political system. The message isn't getting lost in the noise, it is being actively ignored and discredited by a media that is part of the problem.

      Don't use your own ignorance as an excuse to belittle the actions of those who have decided to stand up and say something.

    2. Re:Justifiable rage, but no clear goals by guspasho · · Score: 1

      Mod parent up! Especially for this gem: "Don't use your own ignorance as an excuse to belittle the actions of those who have decided to stand up and say something."

  126. Re:some of the stories don't help.... by roc97007 · · Score: 1

    I would pay to see the moment when the people who *do* suffer the inequality turn on the rich brats who are hanging on for notoriety and pity sex. That would truly be a youtube classic.

    --
    Oliver's law of assumed responsibility: If you're seen fixing it, you will be blamed for breaking it.
  127. Or not. by khasim · · Score: 1

    I agree with most of the rhetoric being brandied about, but the lack of focus could be a deal breaker for the occupy movement.

    Or not.

    I think the first goal is identification. If you aren't part of the 1% then you are part of the 99%. The people out there are sharing their stories of being in the 99%.

    The second goal stems from the first. No matter what your personal crisis / situation is, you all share the same relationship to the 1%.

    After that, it gets diffuse as each category does NOT have the same solution. If you're 65 and you've lost your savings then your solution will not be the same as the 24 year old with college debt and no job.

  128. Re:some of the stories don't help.... by slater.jay · · Score: 1

    ...e room. Or off of Wall Street.

  129. NOT the left version of the Tea Party by Anonymous Coward · · Score: 0

    I saw one guy defecating on a police car. I saw a video of some protestor yelling anti-semitic rants. Lots of people being arrested just for being belligerent.

    Contrast that with the Tea Partiers who crashed the town hall meetings of their representatives -- which they were fully within their right to do. They organized their own rallies. They were very peaceful. The press alleged racist behavior by some, but no real proof has emerged.

    The Occupy Wall Street is actually working against Obama and the Democrats. Most voters aren't going to identify with the guy defecating on the police car.

  130. More like the mirror image of the Tea Party. by khasim · · Score: 0

    The Tea Party wants less government and more corporate freedom.

    Occupy Wall Street seems to want LESS corporate freedom and more repairs to the social safety net provided by the government.

    1. Re:More like the mirror image of the Tea Party. by Ironchew · · Score: 1

      Occupy Wall Street seems to want LESS corporate freedom and more repairs to the social safety net provided by the government.

      That sounds great to me. We've got to knock the elites down a peg or two.

  131. Re:some of the stories don't help.... by airfoobar · · Score: 1

    If "some" means looking at just the "1%" of the stories you being are spoon-fed by the media and ignoring the "99%", then I guess we're taking about the same "some". ;)

  132. Re:Sick of it... by Nutria · · Score: 1

    It does make that Libertarian a hypocrite IF he's glad that those government-coerced "things" exist.

    --
    "I don't know, therefore Aliens" Wafflebox1
  133. Re:Sick of it... by GameboyRMH · · Score: 1

    Also, those "filthy commoners" setup the system the whiners are so vehemently complaining about

    Please, the system then was very different from the system now. It could have been updated to match the times, but things took a few nasty turns along the way. For its time it was a radical improvement over other societies.

    --
    "When information is power, privacy is freedom" - Jah-Wren Ryel
  134. Partition by Anonymous Coward · · Score: 0

    Democrats blame the corporations. Republicans blame the government. The result is to mask plutocracy. For the top 20% – 10% – 1%, it doesn't make a difference. And if the bottom 80% knew that, these protests would be a lot more violent than people sitting and camping in parks. The reality is that for the top 20%, their sole action with either the government or corporations involve monetary transactions. Salary or dividends come in. Most goes in the bank. Some goes to the government. A little goes to political parties. Life goes on.

    For the top 20%, they inhabit the same places, rub elbows, have political disagreements, and life goes on. The reality is that for them, this is an ideological battle. At the end of the day, they could switch their allegiance to the other side and the fall-out would be relatively inconsequential. Because this isn't a political issue. It's a class issue.

    Meanwhile, that 20% would not be able to control the anger of the 80% directed at them. But they can very easily control the leftover anger of two 40% factions that first battle each other. Rush Limbaugh and Keith Olberman are very similar in that neither of them worries about their student loans, medical care, or mortgage payments. Neither do Bush nor Obama. Nor Pelosi nor Palin.

    It's damn sad to see impoverished Republicans sparring off with impoverished Democrats. The only reason I can think that people are sitting in parks is because they think it will change something. As if the problem with leadership was they didn't know these things were going on. Despite ten years of mainstream and informal media coverage. Despite the power of the internet and advanced communication.

    And it's a great trap, because as one descends into poverty, one needs to align more closely with non-financial forms of identity. Thus, as the wealth is transferred equally from both warring aspects of the populous to the plutocrats, sadly, the identity of each aspect of the population becomes stronger and more energy is expended fighting the other, whilst the plutocrats remain relatively invisible.

    It's the genius of the final segment of Wall Street 2. Despite all that happened to the world economy, at the end, the family gets together on the rooftop, has a celebration, and communes in their togetherness. Whilst the rest of America was making hard decisions about who gets to go to buy books for school and who gets to go to the doctor.

    How do I view the Wall Street Protests? If someone told the 99% and the Tea Party that they are both foils of the plutocracy and the real enemies are laughing at both of them, perhaps they would stop the silly game around personal beliefs long enough to call national strikes and topple the beasts.

  135. Re:Sick of it... by luis_a_espinal · · Score: 1

    Obama wanted a class war and now he's got it.

    There's nothing I can say without provoking someone on the "other side" into an ad hominem attack. Dialog, or what remained of civil dialog, on any of these matters is pretty much suspended until after the 2012 elections.

    http://www.nytimes.com/2006/11/26/business/yourmoney/26every.html

    That was Buffett, a billionaire, in 2005-2006, expressing views that predate that date, that predate the Obama administration. Newsflash for ya: You have been having a class warfare, or more appropriately put, a degradation of the standards of livings for the working class for the last 3 decades, and only morons choked up in GI-Joe kool aid seem oblivious to it.

  136. It's a good start by sjames · · Score: 1

    This is step one. It's a sort of brainstorming in public. We all know things aren't quite right. We can ID Wall Street as a focal point for many of the things that are wrong. It's a good place to start looking and to start discussions.

    This isn't the final debate nor is it intended to be. It's just 99% of the people in the room reminding the 1% that just "unanimously" voted that they get all the cash that we haven't even finished drafting the bill yet, much less counted all the votes.

    Next step depends on how they respond. Best answer is they sheepishly sit back down red-faced. I don't hold up much hope of that one. The other end of the spectrum is that they get told that they won't get out of the room alive if they don't pout the money down.

    Who knows, today it's occupy Wall Street, perhaps tomorrow it becomes a blockade. If participation continues growing at the current rate, they'll have enough people to pull that off no matter what the cops do.

  137. Re:Slashdotters unite to attack whoever dares to a by Isaac+Remuant · · Score: 1

    And you base this on what, exactly? What you see from the media that is not interested in depicting them as a serious movement or in your own personal observation? Or you're just "reading between the lines"?

    Have you ever been to a march? What would you advice these people? Do you have any claims? What are you doing about it?

    Everything and everyone can be ridiculed if you're intent on doing it and that includes us both.

    And the quote you have is awkwardly appropriate , what are YOU doing for your country?

    --
    "Science can amuse and fascinate us all, but it is engineering that changes the world. " - Asimov.
  138. Thanks NYPD by Anonymous Coward · · Score: 0

    (tinfoil hat alert) for this question. Trying to test the waters of the "online community" to see if Bloomberg/Kelly have anything to worry about?

  139. Re:Sick of it... by Nutria · · Score: 1

    +5, Insightful.

    You've got to have lots of disposable income to buy Smart Phones and drink really expensive coffee. Which pretty much completely negates the whole We're So Poor And Downtrodden meme.

    --
    "I don't know, therefore Aliens" Wafflebox1
  140. Occupy* = hipster dufuses (dufii?) by Anonymous Coward · · Score: 0

    Occupy* movement?

    Chronic underachiever douchebags who are mad because they think being a "street artist" should pay as much as an MBA or MD, and blame those who work and are successful for their own personal failings. HINT: it's not Wall St.'s fault, it's the guy who got elected (regardless of his party affiliation). If anything, the last few years have shown that democrats and republicans are equally misguided, corrupt and stupid, they only express it in different ways.... it's like the yin/yang of retardation... a stupidity event horizon from which no rationality can escape.

  141. Re:some of the stories don't help.... by vakuona · · Score: 1

    That is a good thing. The government should certainly discourage people lending to people who are likely going to be unable to repay their debts. If you can't take responsibility for who lend to, then you should not be lending.

  142. Agenda??? by SwedishChef · · Score: 2

    I think many of us realize something is wrong... that whatever is supposed to be working is no longer working. Bankers seem to have undermined some basic things in our culture but haven't had to answer for it. Politicians and corporations think they own votes and manipulate both the media and political boundaries to keep it that way.

    Maybe it's all coming to a climax of some sort. Corruption on the massive scale that we've had for the past two decades may have reached the breaking point. At some point politicians can no longer do favors for every competing special interest and ignore popular opinion.

    Have we reached that point. Are we at an "American Spring"?

    --
    No one ever had to evacuate a city because the solar panels broke!
  143. The whole concept of 1%/wealth is ... irrelevant by johnlcallaway · · Score: 1, Insightful

    Just doing a little math and public numbers .. assuming the US has a population of about 310M, then 3.1M people would be 1% (since I don't know if it's adults or adults and kids, they are using the 1% nomenclature for, let's just start someplace.)

    According to Wikipedia, the total net worth in the US is $55T. That means that if 1% of the population (3.1M) have 90% of wealth, then they have about $50T or about 16M/person, and the rest of us (the 99%) have $17K per person. Now .,, this is WEALTH, not income. This is stuff people own. (I'll ignore the fact for now that the US has about 25% of the worlds wealth, even though we only have less than 10% of the population. Because if the protestors stopped to consider that, they might realize the hypocrisy and greed of what they are talking about.)

    I'm 51 and my wife and I are above this 10% number (that is $17K * 2 or $34K in assets) when I take into account the equity in my home ($0), the vehicles we own, misc. stuff in the house, and our IRAs.

    Thirty years ago, I was waaayyy below this number, like at ZERO wealth. Imagine that, as a young man just starting out I didn't have jack shit. Probably didn't even hit the 10% number until I was almost 40.

    So .. all of you kids out there who don't own crap .. get over it. Get a job, start building income, and someday you will own part of that 10%. Probably not until you are in your 30s or later. But I started out as an office clerk, worked decent jobs, took advantage of opportunity, and now make close to $100K/year without going to college.

    And don't tell me that opportunity doesn't exist today. My 24 year old daughter and her husband were able to save up the 20% down for a house living at home with their parents while doing this thing called 'working' and 'saving'. She started as a dog bather at Pet Smart at 18, took advantage of their free dog grooming training, and now makes a decent income as an independent dog groomer. These two are married and own a home with a mortgage cheaper than a new car payment, and don't quite have $34K in the bank together, but they are getting close. Oh .. they also both go to school full time, she works and he gets a stipend as a grad student. Since they waited until they own a home and don't live on campus, they save thousands. And their college costs are low enough that their parents can help out a bit (about half) without going into debt themselves.

    Put your priorities in order and stop depending on other people to help you out. If you can't find a job, it's because people don't want YOU. It's YOUR fault, not theirs or society's or the 1% group. My wife has been searching for a full time job for 6 months, but you don't see us out there asking for help. We did this thing called 'budgeting' and 'doing without'.

    These may be a difficult concepts for some of you young kids to grasp. But it's obvious you haven't learned how to wipe your bottoms, give it some time and you might learn how to do these things too.

    Now GET OFF MY LAWN!!!!

    --
    I rarely read replies, it's my opinion and if you thought about your opinion a little more, I'm OK with that.
  144. Naive, and I want one thing NOT on their list. by Anonymous Coward · · Score: 0

    Concentrated wealth = unelected, unaccountable political power.

    I want that power curbed, and what that means in practical terms, is curbing large concentrations of individual wealth through taxation. If we did this in the USA, the wealthy would probably move to another country.

    At this point, would that matter? Frankly at this point, I'd freeze their assets and force them out.

  145. We are 99% by MxTxL · · Score: 1

    The lack of goals is a feature, not a bug. Once they announce an agenda or a âoesideâ they lose the 50% of people who self-identify themselves as the âoeother sideâ. This movement strives to be a populist movement that represents 99% of the country. Stating ANYTHING except a general pissed-off feeling will alienate the people who disagree with the thing (whatever it is) you have just stated.

    The movement has reached the mass that it has precisely because they have not stated a purpose. And this is something that should be continued.

    In my opinion, the endgame to this is simple. Continue to be non-partisan and work hard to gain a mass of people who are sufficiently fed-up with the moneyed interests dominating the government. With enough voting power, vote out all the corrupt scum-bags (both left and right) and replace them with representatives who answer to the people, not to corrupt interests.

    1. Re:We are 99% by DaveV1.0 · · Score: 1

      The lack of goals is a feature, not a bug.

      You sound like the oft-said joke against Microsoft. And, you are quite wrong.
       
      By not having a clear and coherent list of grievances and goals, Occupy Wall Street comes off as a bunch of loons and lemmings.

      Regardless of the message they want to get out, the message I am receiving is "Wah! You are bad people! Wah! We are mad and want stuff! It is not fair that you have money and we don't so we are going to throw a tantrum! Wah! Animal Rights! Wah! I fucked off in school and want $20.00 an hour to work at McDonald's!"
       
      The mass of people I see aren't going to be voting and few seem to care about "the moneyed interests dominating the government" as much as they care about their pet cause.
       
      They don't seem to be a movement as much as a muddle of people who have all decided to go to the same place at the same time to make their own individual demands. And, so, they have no power. Think light bulbs and lasers.

      --
      There is no "-1 offended" or "-1 you don't agree with me" mod options for a reason.
    2. Re:We are 99% by JustSomeProgrammer · · Score: 1

      Answer what to the people?
      Is a replacement of government the goal?
      What about politicians who actually do represent their districts?
      What solutions are they trying to propose?
      What candidates will fix things to these peoples' satisfaction?

      Having no goals is great up until the point where you realize that without a goal nothing can be accomplished. Having diverse people spouting off conflicting and sometimes downright laughable goals (http://occupywallst.org/forum/proposed-list-of-demands-for-occupy-wall-st-moveme/) is also part of the problem of not having clear goals for a gathering. Being upset is not enough to effect change.

    3. Re:We are 99% by MxTxL · · Score: 1

      Being upset is not enough to effect change.

      Sure it is. If there are enough of you.

      See my other comment on the topic: Slashdot Comment

  146. It's a *very* interesting situation by Okian+Warrior · · Score: 2

    This Wall Street protest is one of the most interesting phenomena that's happened in a long time.

    We like to think that we know the general pulse and mood of society and that the outcomes are predictable, or at least reasonable.

    If Apple comes out with the iPad, it may bomb or it may be popular - both outcomes seem to be likely given the current state of the world. If a cop is videotaped beating a suspect, it will likely go viral. If the president gives a speech, it will have little lasting importance.

    The Wall Street protests are different because they are completely inexplicable. Masses of people don't protest without a reason, without a rallying point, or without a charismatic leader. There's always *something* that starts them off, that prompts people to take action. The recent London riots were precipitated by a cop shooting a civilian.

    If these protests truly are just a manifestation of general popular mood, then the country could be in serious big trouble, for the following reasons:

    1) If this is general popular mood, then the protests are emblematic of the mood of the *entire* population, and

    2) These sorts of situations are fertile ground to grow new, charismatic leaders.

    Not to Godwin the discussion or anything, but this sort of unrest has similarities to the environment that allowed Hitler to rise to power. Theoretically, potential charismatic leaders exist in our society but never become popular due to social circumstance. If the people are content, it's hard to get a following.

    The protests are interesting because of all the unlikely things that have happened: it was unlikely that they would start, it was unlikely that they would grow, it was unlikely that they would spread to other cities, and it was unlikely that they would be sustained for so long.

    So many unlikely outcomes are a clear indication that we can't predict the next outcome.

    Hence, it's interesting.

    1. Re:It's a *very* interesting situation by VAElynx · · Score: 1

      The Wall Street protests are different because they are completely inexplicable. Masses of people don't protest without a reason, without a rallying point, or without a charismatic leader. There's always *something* that starts them off, that prompts people to take action. The recent London riots were precipitated by a cop shooting a civilian.
      It all depends on the state of the society. See, protests like those you mentioned don't happen *because* of a charismatic personality , or *because* of a particular action, rather, those are just a nucleating core, like when you put your spoon in a glass of very clean, microwave-boiled water and it whooshes into your face.
      You are dead-on right that these sort of protests get leaders naturally, however, you miss one thing. It is not that the country could be in trouble , it IS long in trouble, and that's why it all is happening.

      Let me put it this way. I'm from Slovakia. Our wages are shitty (about 400-500 EURO average) , and there is lots of unemployment , but at least we have state-covered healthcare meaning you can go to a doctor even if you have no money and no job, and our universities don't fucking saddle the graduates with massive debts, because we have free tertiary education. Both of those are leftovers from the good old times before 1989. Even so - the state at the moment is wanting to mess up with said healthcare and privatise it ,and it caused a countrywide protest of doctors, who are resigning in mass - about 15% of all.
      By which i want to say - I am glad I don't live in the US, and well ,if the conditions ever got as bad at home as they are in America, we'd have protests and riots too.

  147. Once the corporations see their income ... by Nutria · · Score: 2

    reduced to zero, they'd lay off all their workers, who would then be *really pissed* at the elitist bastard protesters.

    Then the workers would mostly vote Republican since the Republicans would say, "You had a job until those elitist left-wing bastards destroyed your jobs."

    --
    "I don't know, therefore Aliens" Wafflebox1
    1. Re:Once the corporations see their income ... by Anonymous Coward · · Score: 0

      Yet another reactionary stuck in a fantasy land tale spun by the angry men of right wing talk radio; No one is talking about 'taking it all'.

    2. Re:Once the corporations see their income ... by Anonymous Coward · · Score: 0

      Of course not. The 1% have it all and are talking about not giving any of it away and doing whatever they can to keep it all. Totally different. The mob, on the other hand, is talking about...

      ...well, okay, the mob's entire purpose more or less IS "taking it all" from the 1%, but still, don't let that dissuade you from your point.

  148. Re:Sick of it... by Jah-Wren+Ryel · · Score: 1

    Maybe he doesn't want those particular things to be affected, or is willing to do without them (good luck).

    Or maybe he's just using the system to try to reform the system.

    Nobody thinks its hypocritical for itunes to include cd-ripping support, even though no ipod ever has, or ever will, support CD playback. In all of those cases the new are simply making use of the infrastructure that's in place in order to build towards something better.

    --
    When information is power, privacy is freedom.
  149. Re:some of the stories don't help.... by Dahamma · · Score: 1

    But that's exactly their POINT. The protests aren't some form of "dangerous class warfare" as the right wing pundits claim; it's not "the peasants revolting". These are people from the lower class and lower through upper middle class - ie. "the bottom 99% of the population" - speaking out against the completely imbalanced financial and *political* control of a supposed democracy.

  150. Re:some of the stories don't help.... by Anonymous Coward · · Score: 0

    Actually I think it's a good example of the problem. What better to demonstrate that the American Dream is dead than by showing the stories of people who started out ahead and still ended up behind because they didn't start far enough ahead?

  151. Or a socialist revolution ;) by jopsen · · Score: 1

    The 1% already control everything... ...Just about the only way I can think of to wrest power away from these folks is if the 99% were to stop buying everything for more than 90 days.

    Or you could do a good old fashion socialist revolution, raise taxes to 80%, decapitate a few people and nationalize big cooperations with defacto monopolies.
    </sarcasm>
    Okay, maybe that's crazy talk, but some less aggressive form of wealth redistribution is what it takes, and as evident from most other western democracies you can do that without decapitating people...

  152. A leader is needed by DarkOx · · Score: 2

    I think all these people at these occupy protests shows there is lots of anger and frustration out there and that the fear and attachment to the status quo are diminishing.

    This is a ripe time for a charismatic leader to tell them what to think, and gin up some will to act decisively. Its also notable that heading into presidential elections none of the candidates are that person. Obama is out there trying to be and its not working. These people even if most would be unwilling to say it actually want the current political system gone.

    There does need to be a leader though. A friend of mine lives next to a Cleveland Federal Reserve employee, who went down to the street to see what the Occupy Cleveland folks wanted. What he tells us is that he told them look, I am one of these guys, I will be getting on airplanes and talking to Congressmen, Senators, Federal Reserve Board members, some European and World Banks reps and others all next month. What would you like me to tell them?

    They protesters were not able to come up with an answer. The group could not come up with a single actionable statement. He was not looking for anything real specific, he just wanted something a little clearer than "JOBS!"

    --
    Repeal the 17th Amendment TODAY! Also Please Read http://www.gnu.org/philosophy/right-to-read.html
    1. Re:A leader is needed by mosb1000 · · Score: 1

      Tell your friend that the financial system suffers from a detestable lack of transparency about the risks to investors, and exactly how much the people in the industry take for themselves. They want to know where the money is all going, and instead of working for their whole lives so that some fat-ass businessman can buy another yacht, they'd like to keep that money for themselves. I don't know how it is that no one in the financial sector gets this. I suspect your friend was just being deliberately obtuse.

    2. Re:A leader is needed by TheSync · · Score: 1

      Tell your friend that the financial system suffers from a detestable lack of transparency about the risks to investors, and exactly how much the people in the industry take for themselves.

      But who lets financial companies take these rewards? The people who are paying them for their services.

      For example, Apple paid Morgan Stanley to underwrite their IPO. No doubt it was a lot of money. No one forced Apple to pay them, but obviously Apple benefitted greatly from their IPO and wanted someone who could stand behind it. Apple could have issued shares themselves, but they felt they did not have the expertise, investor relationship, and SEC regulatory experience to do it, plus the underwriter guarantees a minimum return on the IPO (some IPOs flop in the secondary market).

      I suspect with the Apple IPO, the SEC regulatory experience was probably key. There are so many hundreds of thousands of pages of regulatory laws you have to jump through for a public company, it is impossible for anybody but a specialist to navigate it.

    3. Re:A leader is needed by mosb1000 · · Score: 1

      Imagine it like this. You go to a store and you buy a blender. You get it home and you find out it doesn't work. It's defective. So you bring it back to the store, and they give you your money back. These protestors want their money back.

    4. Re:A leader is needed by TheSync · · Score: 1

      These protestors want their money back.

      Um, the protestors gave money? To whom?

      Some of them may have had their income taken by the government (which they democratically elected), who then provided TARP bailouts to banks.

      TARP paybacks are pretty much done for the largest banks, and only a few small ones have not paid back. Because of the structure of the deal, the Federal government has made a $10 billion profit on TARP to date, and will likely make more.

      Much of the direct losses due to bad mortgages were paid by the equity holders of the banks and funds that invested in MBS.

      I'll admit that a lot of questionable mortgages were purchased by Fannie/Freddie, and it is unclear what the responsibility of the Federal government will be.

      For US homeowners who mistakenly took out too high a mortgage, through HAMP and other programs, more than 11.5 million homeowners have refinanced their mortgages since April 2009, costing the mortgage holders over $20 billion per year.

    5. Re:A leader is needed by mosb1000 · · Score: 1

      They've done a bad job managing people's money, which is what they were paid to do. It was a defective product, people want their money back, and it's as simple as that.

    6. Re:A leader is needed by Animats · · Score: 1

      This is a ripe time for a charismatic leader to tell them what to think, and gin up some will to act decisively. Its also notable that heading into presidential elections none of the candidates are that person. Obama is out there trying to be and its not working.

      Very true. Obama ran for President like he was going to be FDR, and he turned out to be Herbert Hoover. For the first two years, he had a big majority in the House and Senate to work with, and still didn't accomplish much.

      The Republican candidates are at best mediocre, and at worst nuts. The ones that could probably do an adequate job are out of the race. What the Republicans have right now are people who say "tax cuts for the rich" to their contributors, and "God, guns and gays" to the rabble. (Listen to Herman Cain's speech to the Values Voter Conference for an example.)

      The trouble is that charismatic leaders historically don't work out all that well. That's how you get dictators. The really effective presidents since WWII, Truman, Eisenhower, Johnson, and maybe Bush I, were more about competence than charisma.

      We don't need a leader. We need an agenda. A few key points, and a general direction.

    7. Re:A leader is needed by Nimey · · Score: 1

      As disappointed as I am with Obama, you can't blame him exclusively for his inability to accomplish much.

      The Republicans went absolutely nuts with the filibuster when the Dems had a majority in both houses. They'd filibuster basically /anything/ just to prevent Obama getting his way with things, and would continually negotiate in bad faith as a delaying tactic.

      Obama's big failings are leadership and communication. He absolutely would not get out there day after day and give it to us straight about why he couldn't get things done. He left that wide open to the Republicans, and they took full advantage.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
    8. Re:A leader is needed by Paul+Fernhout · · Score: 1

      Tell your friend about my website: :-)
          http://www.pdfernhout.net/

      For a start though, a "basic income" would be a good idea.
          http://en.wikipedia.org/wiki/Basic_income_guarantee

      But other ideas are here:
          http://knol.google.com/k/beyond-a-jobless-recovery
          http://www.youtube.com/watch?v=4vK-M_e0JoY

      In brief, there have always been five interwoven economies, and the balance of them changes with technological changes and cultural changes:
      * A subsistence economy ("There's some lovely berries over here.");
      * A gift economy ("The meat from this deer I hunted is going to spoil; I'll share it with the tribe, and others will share their hunting results some other time as they have in the past.");
      * A planned economy ("Let's put the longhouse here. I'll cut the trees, you level the ground, you over there will put up the walls, and you over there will cook us some food while we are busy with these other tasks.");
      * An exchange economy ("You scratch my back, I'll scratch yours. I'll trade you some of my extra berries for some of your extra deer meat.");
      * A theft (or conquest) economy ("What's yours is mine because I'm stronger, cleverer, sneakier, or can afford better lawyers.").

      Paid human labor has less and less value due to several causes including:
      * robotics, AI, and other automation,
      * better design,
      * the accumulation of physical infrastructure,
      * relatively cheaper energy (which can often substitute for human labor), and/or
      * the emergence of voluntary social networks.

      So, we can expect the balance between those five interwoven economies to change as our technology and society changes, perhaps with:
      * A subsistence economy through 3D printing, gardening robots, local PV solar panels, and other local clean energy technologies (like cold fusion or something else);
      * A gift economy through the internet, like sharing digital files to use with our 3D printers or gardening robots, or coordinating the movement of free goods like through Freecycle;
      * A planned economy on a variety of scales, including through taxes, subsidies and regulation affecting market dynamics;
      * An exchange economy marketplace softened by a basic income; and
      * Minimizing the impulse to theft (or conquest) and related violence through the previous four changes.

      The particular balance a society adopts is going to reflect the unique blend of history, culture, infrastructure, environment, relationships, mythologies, religions, and politics of that society.

      --
      A 21st century issue: the irony of technologies of abundance in the hands of those still thinking in terms of scarcity.
  153. Comment removed by account_deleted · · Score: 1

    Comment removed based on user account deletion

  154. I wrote an article by GoodNewsJimDotCom · · Score: 1

    My article is kinda long, just focus on Chapter 1: Real-Estate hoarding.
    A Young Educated Poor's article

    1. Re:I wrote an article by johnthorensen · · Score: 1

      There is a much easier way to deal with 'land hoarding' (though I don't believe it's as big of a problem as you make it out to be). Instead of instituting a punitive tax and hoping everyone sells before it takes effect, remove the ability to game the property tax system (where speculators sit on under-assessed land that in actuality is worth much more). Case in point, the "Agricultural"-zoned land, owned by people hoping to rezone commercial/residential and make a profit. If this land was assessed at a value more in-line with its intended use, the property taxes would be higher and it would not be as profitable to hoard it.

    2. Re:I wrote an article by GoodNewsJimDotCom · · Score: 1

      Thanks guy. I appreciate you reading and commenting on this. I just want people talking about it.

      I agree people should not game the system, but property taxes need to be done correctly. If you simply increase them, it crushes the lower class and hurts the middle class. For example, I live on a 12 acre farm with a house built like in the early 1800s or late 1700s. Yet, we paid $5,000 in property taxes!!! When you only make $10,000 a year, $5,000 in property taxes really keeps you down.

  155. Some of them are right. by mark_reh · · Score: 1

    Unfortunately, they've been misled by the 1% to believe that they live in a democracy, even when anyone with eyes that are open can see that they don't. The 1% control what people see on TV and movies, what they eat, drive, think. No, it isn't a conspiracy where they get together and plan everything out for the rest of us. It's just a byproduct of a system that has always favored the wealthy. Over time, acting in their own best interests, they have solidified their control making it nearly impossible to change the system that is tilted so far in their favor. I think it is as natural for them to try to maintain things as it is for the rest of us to want change.

    What the 99% don't realize is that they have no power.

  156. Bending over backward? by Anonymous Coward · · Score: 0

    "I'm pretty fed up with the GOP bending over backward for Wall Street ..." Actually, the GOP is bending over frontward for Wall Street.

    1. Re:Bending over backward? by Shotgun · · Score: 1

      The Democrats would do the same, but that's hard to do from your knees.

      --
      Aah, change is good. -- Rafiki
      Yeah, but it ain't easy. -- Simba
    2. Re:Bending over backward? by pablodiazgutierrez · · Score: 1

      As are the Dems. Pretty much every key figure in the 2008 crisis was confirmed by Obama when he took office. You can't expect any change from that.

  157. Hope they don't get what they ask for. by Stumbles · · Score: 1

    Its like this; the "protesters" are asking for a revolution and they will be in for a very rude surprise if they get it; no "revolution" ever happened that did not have some nasty consequences. Like people dying for a starter. These naive types think they will view the whole thing in the comfort of a home via the Internet, TV, etc all the while their children go to school in a safe manner, they pop off to the local grocery to stock up at normal prices, etc. The problem is not Wall Street. The problem is our Government and those running it. If it were not for Carter and his dumb-ass Executive Order that removed most of the financial requirements for a mortgage there would have been no need for sub-prime loans. It was his order that essentially forced for the finance industry to make UNSECURED loans and worse of all to those that could not afford them. BTW an Executive Order is a law. Talk about lack of fiduciary responsibility; that falls squarely on our government not Wall Street.

    --
    My karma is not a Chameleon.
  158. The Real Criminals by Openstandards.net · · Score: 1
    The real criminals are Congress, who created laws and regulations (or ignored the need to create either), that are harming our economy. Let's begin with their refusal to correct the continued IRS persecution of 1099s in the tech labor market for that past 15 years, driving up the costs of US labor by requiring middlemen to take as much as 70% of the share before the skilled resource receives their W-2, causing countless technology jobs to go overseas in markets that are not regulated by the IRS. If congress passes a law stopping the IRS from punishing corporations that bring in independent contractors, then our economy can begin to experience real growth again as companies can hire more US based tech workers for the same amount of money, while US tech workers can earn higher pay.

    Then there were years of warnings where Congress was informed annually that there was a huge capital exodus from US markets in all types of securities EXCEPT debt securities since 2001. This capital flight in our stock markets was because our production markets became comparatively uncompetitive, also in part due to a tax regime that continued to encourage companies to move operations overseas.

    Yet, does Congress accept blame for their actions leading up to the global economic crisis and continuing today as we have very high unemployment and anemic growth? Do they pass the simple laws needed to fix this, which do not require any spending, but merely correcting the economic unintended consequences of a tax policy that is clearly broken in a new technologically based dynamic global playing field?

    No! Instead, they try to point the finger at anyone else they can so that no one notices that they are the cause of our problems. Worse yet, they avoid the very simple change needed to fix things because if they passed these laws, people might ask the question, "why did it take so long to realize these fixes were needed?" Their fear of being identified as the cause is the reason they continue to keep the status quo path that prevents us from enjoying the economic prosperity we built our country on.

    I am angry at Congress, because they care more about popularity and being elected than actually doing what is needed to put our country on a solid path of economic growth. They refuse to admit to and repent for their past mistakes, and continue to blame others because they are more about re-election than our childrens' future!

  159. 'Revolution' by Necron69 · · Score: 2

    Personally, I find a lot of the 'revolutionary' talk by the Occupy Wall Street folks disturbing.

    While I am sympathetic to some of their concerns, by no means do I share all of them. For that matter, they need to get a handle on what their concerns are. It seems like they are quickly becoming a magnet for all sorts of far left fringe groups. In that way, perhaps, it is somewhat like a polar opposite of the Tea Party movement.

    Regardless, we have a system for changing things in this country and it starts with voting. If these people think they are going to stir things up and start some sort of Great Socialist Revolution, they are going to find out damn quick that they are NOT supported by 99% of the population.

    - Necron69

    1. Re:'Revolution' by technomom · · Score: 1

      Mostly what OWS is doing is ensuring that Obama will not serve a second term. Think about it, this looks very much like the seasons leading up to the 1968 election. When people are marching in the streets, the electorate generally loses faith in the top tier. In 1968, things got so bad that Lyndon Johnson just cashed in his chips and moved on. We ended up with Richard Nixon. OWS' legacy may be the presidential election of Rick Perry.

    2. Re:'Revolution' by russotto · · Score: 1

      Mostly what OWS is doing is ensuring that Obama will not serve a second term.

      9%+ unemployment is ensuring that.

    3. Re:'Revolution' by Anonymous Coward · · Score: 0

      You still think voting matters ?
      Lets assume that the votes are counted accurately.
      Lets assume that the voters are making informed decisions.

      Do you think the elected are really directing the country, or does the military leave that to people who don't come up for elections.

    4. Re:'Revolution' by guspasho · · Score: 1

      Please, we are a long way from revolution or mob rule.

      It starts with voting, but it does not end there, nor has it ever ended there. Protests are an important part of democracy in America and everywhere, and always have been. Protests are the vehicle by which the public tells the politicians what they want, as opposed to being asked to choose between some preselected options. And in cases like this, where the options the politicians have given us do not offer a real choice, protests are most certainly appropriate.

      And people don't want socialism. At least, no more socialism than the 1% already enjoys.

  160. They're the tea party of the left (which is good) by Anonymous Coward · · Score: 0

    Although it started as anti-big corporation, it seems to have grown to include most of the standard issues of the left. Right now the labor unions and liberal politicians are trying to be seen with them. Although more broad based than the narrowly focused tea party, it is basically the same grass roots upwelling of sentiment, but from the other side.

    I think that this is just the natural result of our two main political parties being out of touch with the people. The existing parties are so polarized in fighting each other and keeping their "leadership" happy, that the people are kinda moving on. The conservatives got an early jump on this because of the fiscal conservatives not liking the wars and nation building of W, but the left is catching up fast.

    Love 'em or hate 'em, both movements are popular uprising without a political party to keep everyone "on message". The tea party has drifted closer to the Republicans, but they're not mainstream Republican yet. And the Occupy Wall Street crowd doesn't seem to have the "we're not part of any political party" rhetoric that the TP used to have, so I guess they will more easily integrate into the Democrats. And I have no idea the long term affect of the TP on the Republicans, or the OWS on the Democrats, but just bringing in new blood to DC has to be a good thing. Especially in this era of "safe districts". Revolution from within is going to be far more effective than attacks from "the other side". That is true for both the left and the right.

    The cool thing would be if someone could wed the OWS crowd's "no socialism for capitalists" rhetoric with the TP's "don't spend money on nuthin'". That would be a interesting bridge between the two different ideologies, and might even help form some common ground in the center. For sure it would strike fear into the hearts of both parties, and that alone would be a good thing. Even better if it could give a solid foundation for some centrists. I don't know how long someone could do that balancing act, but it they could, I bet they'd do well for a cycle or two. I'd certainly have to consider them.

    I wish the Occupy Wall Street crowd the best of luck, and I hope they succeed at the larger goal of getting government back into the hands of the masses. Grass roots movements are good for democracy in general, and I just hope that they can stay focused enough to make some long term changes. My concern for them is that by diversifying, they're growing and getting support, but sometimes it is necessary to prioritize. Everyone is against police brutality, but everyone focusing on it now is not working on corporate misbehavior.

  161. Student Debt by Anonymous Coward · · Score: 0

    One consistent item of concern is the amount of student debt these people owe. I think people are finally waking up to the fact that they will never be able to pay off their debt, and they have no idea what that means. It's particularly bad for people who have graduated in the past few years and are still unemployed or underemployed -- their interest is going to be accruing for a long, long time.

    My question is, what is society going to do about this massive impending problem? Bring back debtors prisons? Slashdot posters have previously called it the next bubble... Do the people at the top holding this debt not recognize that unless a lot of people get a lot of jobs very soon, they will never get that money?

  162. Re:Slashdotters unite to attack whoever dares to a by Securityemo · · Score: 1

    "We" don't do anything. Slashdot is the equivalent of an online watercooler - not a very good breeding ground for "getting things done". If I'd hazard a guess, the only way anyone could recruit support from here would be to start some sort of constructive project that can be grasped intellectually (that is, the less abstract socioemotional "hippy bullshit" the better) and that to a rational geeky mind seems to have a reasonable chance of success, and get an article posted about it detailing the specifics in the most straightforward manner possible.

    --
    Emotions! In your brain!
  163. It's about time by kawabago · · Score: 1

    People need to stand up and say this isn't right. Taxes are governments only tool for redistributing wealth and decades of tax cuts have crippled most governments and increased the disparity between income classes. Infrastructure is crumbling, education is failing and minimum wages do not keep up with real inflation so the poor become poorer each year. Western societies need to tax wealth heavily, both personal and corporate in order to sustain the society that creates the wealth in the first place. Corporations have managed to gain the status of a person so they should be taxed at the same rate as everyone else. Taxes should be paid in the country and state where the income was generated, no more tax havens. The economic period after WWII was characterized by taxation of wealth and investment in infrastructure. The improved infrastructure encouraged investment in industry and the US became an economic juggernaut. In the 1980's California voters approved a state tax cut that began a tax cut mentality which has lasted until the present day. The tax cuts did initially improve economics but over time they have starved governments of the ability to maintain the infrastructure that supports economic activity. Tax cuts also funneled ever more wealth into the hands of fewer and fewer people who don't spend it. If corporations are taxed at 50% on profits of $400 million, they will still continue to operate because $200 million is better than nothing. Also corporations should pay taxes in the jurisdictions that the income was earned. People can't live and work in the US and then claim that they actually reside in the Cayman Islands and thus don't have to pay US taxes. Corporations shouldn't be able to do that either.

  164. US citizens slowly get angry .. finally by Anonymous Coward · · Score: 0

    The rest of the world was wondering how long the US citizens buy the kind of BS (excuse my frank word) told to them (by any political party). Bail out banks and let people work tirelessly multiple jobs hardly able to pay off debts . . . who does accept for so long?

  165. Watered Stock by MarkvW · · Score: 1

    Stock bears no relationship to ownership of the company when the company can give stock to employees in the future.

    Wall Street has rigged the game.

  166. Point by point deconstruction of demands by roman_mir · · Score: 1

    Obviously I have done a review of the demands that were put forward (and admittedly more demands were put forward after those ones as well), but generally the people protesting Wall Street have their anger directed at the wrong problem.

    Here is what I would demand if I wanted to FIX THE GAME and not just prolong the problem and create more disparity and cause more poverty:

    1. End the Federal reserve bank.
    2. End IRS, income/corporate/payroll taxes.
    3. End CIA and FBI.
    4. End all WARS and bring troops home, enforce the Constitution and stop illegality of having undeclared wars.
    5. End FDIC, FHA, Freddie/Fannie.
    6. End FDA, EPA, dep't of energy, agriculture, education, small business... down the list of all departments that hold unelected power.
    7. Constitutional amendment to prevent federal government from passing any business regulations, any subsidies, any spending on any projects that are not military, criminal and contract law. This includes subsidies to businesses, SS, Medicare, minimum wage, labor laws, and 'civil right acts' (which are entitlements/obligations), subsidies to any businesses.
    8. Restore the Constitution by enforcing it.
    9. Only allow government to be paid for by sales taxes and reduce spending to only what is authorized by the Constitution.

    10. Money is gold.

    1. Re:Point by point deconstruction of demands by Anonymous Coward · · Score: 0

      1) I don't have an informed opinion on this, so I'll not comment
      2) I'd rather have a flat income and/or property tax than something like a sales tax, since most people can't easily dodge these sort of taxes. This could help the US Gov't pull out of debt. I think sales/use tax is stupid, especially the latter since nobody ever pays it.
      3) Or massively reduce those organizations. Wouldn't completely end it since they still do serve some useful functions.
      4) Totally agree
      5) Why end the FDIC? I would like to feel safe and secure that my money doesn't vanish overnight like what happened during the Great Depression.
      6) What? Why end those organizations? Perhaps reduce their size, but we need people to manage those fields. Joe Smith isn't any better at picking people than Gov't
      7) Regulations are still needed, such as preventing price hiking during impending natural disasters (such as raising water to $10/gal just before a hurricane). An unregulated "free market" is ripe for abuse by corporations (extreme example: United Fruit Company in S. America)
      8) Strict or Implied interpretation? I think it should be a little of both; how would 300yo people know how to run a 21st century nation?
      9) Or, instead, eliminate sales/use tax (quickly becoming obsolete with online shopping) and pay for Gov't using income/property taxes? They are certainly worth much more than sales taxes.
      10) We don't have enough gold to back all the dollars in circulation, so how would massively reducing the money supply help (outside of killing inflation)? That'd leave a lot of people with barely anything in their wallets.

    2. Re:Point by point deconstruction of demands by roman_mir · · Score: 1

      1. Federal reserve bank is the entity that monetizes the debt, allows the Congress to borrow more, destroys money, does under the cover bailouts to the tune of trillions we can't even know about.

      They are setting the PRICE of money itself (interest rates) and that's the ultimate power to destroy, because no one institution should be holding that sort of power in the first place, only market driven price discovery can tell us what the price of money should be, no human is smart enough to do this, no computer, nothing except for all of the individual decisions and individual points where supply and demand meet.

      2. There cannot be a 'flat' income tax. Income tax STARTED as 'flat'. It was supposed to be paid by top 1% of earners at 1.5% income tax. You cannot start this way, it doesn't stay, it's immoral, but most importantly, it allows the camel to put the nose under the tent.

      However another economic argument is that government is by its very nature is a CONSUMPTION item. Gov't doesn't produce, it doesn't create wealth, it takes wealth and it can only spend it (or waste it, depends which end of the stick you are at). As a consumption item, government total income must be proportionate to what people CONSUME, not to what people produce.

      You can't run a household, where you decide to pay down the debts, but one of the kids doesn't get a cut in his allowance, instead he gets to draw from household income at whatever rate he wants and he just decided that he'll buy himself a Ferrari, so there goes your ability to live within your means. The kid should only be able to spend a percentage of what you decide to spend, not a percentage of what you earn if you want to take spending under control and pay down some debts and not to be thrown out on your ass out of your house and not to have your cars repossessed.

      Before 1913 (when the Fed and income tax were established - nice trick, by the way, not a coincidence either), 50% of all federal income came from alcohol sales. Another 50% came from some other sale and excise taxes. This worked well and the economy was growing and dollar was strengthening and income tax was 0 and USA was the largest creditor nation, producer of cheap, high quality goods and people were living better every year, as things became cheaper and people were paid more (good example).

      3. CIA and FBI have no useful functions. Those are massively corrupt, massively dangerous organizations, using drug war money to run illegal operations and now killing Americans not just undercover of darkness, but out, in the open, and people are cheering.

      4. Wars must end, including the drug war, poverty war, every war. Whatever war gov't wages, it loses, because all wars a profitable only while they are continuing.

      5. FDIC is a huge part of the reason for the 2008 crash. The banks have the moral hazard of so called 'gov't insurance', which is not insurance, real insurance has assets and risk assessment, gov't doesn't. This is a moral hazard system, designed not to 'keep your deposits safe', but designed to prop up the banks in the Great Depression, which also was started by the Federal reserve as a recession and then turned by gov't bail outs and stimulus money into a depression (that's a comment I left long ago).

      FDIC was designed to get people to loan to banks again (by the way, they said these were 'deposits', they weren't. These are LOANS to banks.) - you may want to listen to this, or if you just want to hear about FDIC, fast forward to minute 54. That's a Congressional hearing on sound money and FDIC came up, I long ago stated the same thing obviously, but here is a good source just from last month's hearing.

      Money didn't 'vanish overnight' in the Great Depression. Less t

  167. The REAL problem by Known+Brave · · Score: 0

    The real problem with Wall Street isn't corruption, excessive bonuses, greed or contempt for the poor. It's that for decades, it's been selling to the innocent masses a total fabricated lie called "Infinite Growth".

    This "Infinite Growth" lie is the foundation on which the whole World Economic System is built, it's the serious fundamental "bug" in the code that IS the Economic System, and it's what is now crashing before our awe struck eyes.

    Infinite Growth is where money needed to pay interests on loans comes from. In other words, since money doesn't materialize out of thin air, it's growth that generates the extra money needed to pay the interest on money loaned to us.

    So, obviously, NOTHING human can grow infinitely. Economy, on a finite sized planet (Earth doesn't inflate), with finite resources and with a finite capacity to absorb human garbage, cannot grow infinitely.

    The World Economy is now slowly reaching the point where growth cannot be sustained.

    And for those who think that 1.5 billion Chinese and 1.3 billion Indian consumers will keep fueling growth, well there are irrefutable calculations that show our planet cannot provide enough energy to propel 3 billion more humans to our standard of living.

    Even if we were to attempt reaching such a foolish goal, the planet's ecosystem wouldn't survive it.

    So, no growth, no extra money to pay interest on loans, Banks fail, Corporations default, countries default, YOU default.

    Wall Street doesn't want the party to end. Wall Street will keep on selling you its lie, and you will keep on buying it because, let's face it, you don't want the party to end either.

    What our Economy Nobel Prize winners should be doing now, and should have been doing for decades, is inventing a new Economic System based on stability instead of growth. Better yet, a new Economic System built on degrowth which would shrink human population to a size manageable by the planet's ecosystem.

    One can always dream but what will most likely happen, is that Governments will keep feeding money to countries, to corporations and to Banks in order to keep the illusion of interest payments. Since growth won't provide that money, where do you think the cash will come from..?

    FROM YOU!

    Your Retirement Funds, your insurances, your savings, they'll burn EVERYTHING in that old and obsolete fireplace of an Economic System.

    And then, after the collapse, only then, will our economic geniuses start creating the New Economy.

    After a century of suffering for the people

  168. Re:Sick of it... by sycodon · · Score: 1

    And in 10 years most of these protestors will be married, have children and be working for the very same corporations they are protesting.

    --
    When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
  169. It's completely justified. by mosb1000 · · Score: 1

    People on wallstreet and elsewhere in the financial industry have committed some appalling offenses over the last ten years or so (not to say it wasn't bad before). I'm surprised they haven't been burned at the stake for it yet. And I'm more surprised that people are continuing give their money to these people.

  170. It's called a recession by macraig · · Score: 1

    Once the corporations see their income statements go to zilch then you would see real change.

    The beginning of that process is called a recession. Look how that turns out these days. The One Percent put the screws to the millions of people who had become dependent upon them for paychecks, and we folded and even gave them "bailouts" to restore the profit they imagined they had been deprived. In centuries past it might have played out differently, with the recession escalating to a revolution, but now the One Percent is much more experienced at manipulating the collective boiling point.

  171. Re:Sick of it... by rallen911 · · Score: 1

    The result of the Revolution was freedom! Freedom to succeed and freedom to fail. As far as I can tell, the "protesters" are choosing to accept their own failure and blaming it on someone else.

    Freedom means being able to make a choice. The problem with these people is that they want to "choose" to take from someone else. That is called theft.

  172. Is greed the problem? by codeAlDente · · Score: 1

    My view is that this generic protest against greed would be more effective with better focus. I would support a protest with the goal applying existing laws to Wall Street. Obama claims that Wall Street hasn't done anything illegal, but that is a lie. Unfortunately, it is not widely recognized that the law has been systematically broken, as the mainstream media are owned by the 0.1%. Alternative media and protests are a step in the right direction. If these protests cause people to wonder about the endless cycle of fraud between regulators and bankers, or to wonder whom the existence of the Federal Reserve actually benefits, then they are a success. I generally agree with the following blog post on this topic [market-ticker.org]. http://www.market-ticker.org/akcs-www?post=195649

    --
    He once inserted random mutations into his code, just so he could have the experience of debugging.
  173. It's all about the 2012 elections by snsh · · Score: 1

    The fact that the coverage of the protests focus on New York and not Washington DC (which would be closer to the root of the 1% problem) suggests the protests are a stealth campaign by backers of the incumbent Obama against the presumed challenger Romney in the 2012 presidential election. The protests are being used to paint Romney's success as villainy, so that casting a vote against Romney is equivalent to casting a vote against the 1%.

    Or maybe I'm just being cynical.

    1. Re:It's all about the 2012 elections by HeckRuler · · Score: 1

      cynical and tin-foily.

    2. Re:It's all about the 2012 elections by Anonymous Coward · · Score: 0

      Skipper, if you believe the Obama campaign is with it enough to do something like this, I have a bridge to sell you.

  174. Remove banks ability to create credit. by Colin+Smith · · Score: 2

    Require full reserve (as opposed to fractional reserve) banking. It would remove the pyramid.

    --
    Deleted
    1. Re:Remove banks ability to create credit. by Anonymous Coward · · Score: 0

      Great idea!
      full reserve -> no loans -> no mortgages -> no houses -> no housing crisis!
      full reserve -> no loans -> much less economy -> much less taxes -> no more government bloat!
      full reserve -> no loans -> much less economy -> no more U.S. domination -> peace in the middle east!
      full reserve -> no interest -> no reason to use banks -> no more financial sector to bail out!
      I think your proposal just may solve all of our problems!

    2. Re:Remove banks ability to create credit. by WoOS · · Score: 1

      Require full reserve (as opposed to fractional reserve) banking.

      Sorry but this cannot work. What you are saying is that banks can only lend out their net equity but not any money from liabilities they have (e.g. from savings accounts or bonds they issued). Where will the money for interest on savings accounts come from in that case? Or is the idea that there will be no savings accounts anymore and everyone who wants interest has to buy bank stocks. Not the best for people who want a risk diversification.

  175. Re:Sick of it... by rallen911 · · Score: 1

    Look to the people who bailed them out. It's not the financial institutions who are to blame. They asked for help (some were forced to accept help) from the Governement. They were given help. Blame the Government. That's where the protests should be.

  176. Speak softly and carry a big idea by LittleRedStar · · Score: 1
  177. No I really don't by Sycraft-fu · · Score: 1

    As I said, I'm happy, I feel no need to protest. If these people want my support they are the ones that have to do work to clarify their message, grievances, and goals. If they don't, then that's fine, I'll continue to write them off, as will many others.

    It isn't my job to figure out what every person who comes along is claiming. It is their job to figure out how to clearly and efficiently communicate that.

    1. Re:No I really don't by SethJohnson · · Score: 1

      As I said, I'm happy, I feel no need to protest.

      That's fine. You're irrelevant. There were millions of people like you in Egypt, too.

      seth

  178. Re:Sick of it... by artor3 · · Score: 2

    It is class warfare. The rich have been at war with the rest, and kicking our asses, for the past thirty years. They have taken damn near everything we ever had. It's high time we fight back.

  179. Re:Sick of it... by rallen911 · · Score: 1

    Did you ever get a job from a homeless person?

    Unless you create your own wealth, then you rely on those who will employ you. They will get wealthier while you work for them (if they know how to run their business). You will also become wealthier, but not at the same rate. You are free at any time in this process to strike out on your own to compete. Maybe you have a better way to serve customers, great! You have the freedom to pursue that, but just remember that you have the same freedom to fail.

  180. Re:Sick of it... by GameboyRMH · · Score: 1

    Sorry the US was never an anarcho-capitalist country. Try again.

    Also paying your fair share of taxes isn't theft. Especially when that's ill-gotten money obtained through government bribes and bailouts.

    --
    "When information is power, privacy is freedom" - Jah-Wren Ryel
  181. The need for a message and a goal. by cfulton · · Score: 1

    The real problem with these protests is that no solution is proposed. I have a suggestion that the protesters and the tea party can get behind that might actually have some effect.
    I propose a constitutional amendment that is simple and short:

    1) Corporations are not people and do not have the rights and privileges provided by the constitution for citizens of the United State. All rights and privileges of corporations are dependent on law explicitly regulating corporate entities.
    2) Corporations are explicitly denied the right of free speech. Corporate entities may only engage in speech related to the products or services offered by the corporation. Political speech is the sole right of individuals.
    3) Individuals may group together to create entities for the purpose voicing political opinion and political lobbying. These entities must be funded solely by individuals with all contributions being in the public record. These political entities are strictly prohibited from taking part in any other type of activity.

    It is a start. I guess you could never get it through but it would spark the right kind of public debate.

    --
    No sigs in BETA. Beta SUCKS.
  182. Toast. That is how I view the protests now by Shivetya · · Score: 1

    The unions at the instructions of someone, most likely in the DNC, are trying to co-opt these protest and I wish the protesters the best of luck as they will need it.

    The problem is, the DNC doesn't understand the protest but is so desperate to have a counter to the Tea Party they will take what they can get. They really really want a grassroots effort or one that appears as such and all their previous attempts fell flat (the bus loads of union members didn't really feel grassroots now did it, nor the mess they left)

    However these protests appear to be somewhat still struggling for relevance. In Atlanta they shouted down/chased out Representative John Lewis here (Democrat, did his time on the race equality forefront) so they aren't showing a party affiliation.

    They are way too white as well, way too we still live off of mommy and daddy too. There is a lot of greed being passed off by some in the crowd (pay my student loans, pay me a working wage, all without reason other than *I* declare it fair).

    So overall, I hope they can remain independent but I bet they won't. They are too important finally to let the moment pass. All good crisis should be exploited.

    Hence, their toast

    --
    * Winners compare their achievements to their goals, losers compare theirs to that of others.
  183. Re:I am somewhat annoyed by luis_a_espinal · · Score: 1

    Most of the "We are the 99%" stories I have seen have been more along the lines of someone blaming the state of the economy for their own bad decisions. There are problems with big business and some of the truly rich, but those problems are not really the reason for many of the things these protestors are claiming.

    Sounds like the Tea Party to me, or people on the short end of the stick in general.

  184. Occupy WallSt + Tea Party = The Slaves Are Tired by Anonymous Coward · · Score: 0

    A bizzare thought crossed my mind . . . has slavery never ended in the USA, but just extended to the white people as well, under the umbrella "when you are smart, and work sufficiently, one day you will be free^H^H^H^Hrich"? And 1% makes it, and 99% still try hard in the hope one day, and now the 99% realize, they are enslaved by the banks, who they bail out when they fail? It's about time to rise . . .

  185. Could you stupid Microsoft cultists.... by Anonymous Coward · · Score: 0

    please stop cutting and pasting from Word. It corrupts your text.

  186. From a hippie to the hipsters... by eepok · · Score: 3, Interesting

    Disclaimer: I'm a social liberal. Hippie, even. My passion is education and my occupation is sustainable transportation. I can't wait for gay marriage to be legal everywhere, I happily pay my taxes to redistribute wealth (I live within my means) and pay for socialized services, dream of the day of fiscally sustainable socialized medicine, and believe that all tax loop holes should be closed (in a perfect world, etc.). I like to donate my time to help other people. I'm a humanist preference utilitarian.

    Statement: I think a good deal of the Occupy protesters are as bad as the Tea Party-ers. Few understand the implications of their assertions and demands. Few understand the futility of sit-ins, hunger strikes, and walk-abouts. They have no singular cause... no three points of demands and a plan to achieve them. Instead, they're so very grass-roots, that it's attracted a bunch of people who just feel like they need to yell at someone who's listening.

    But no one's listening.

    They're angry, they're let down, their parents' generation milked American credit for all it was worth and now they've been told go to fix it. Instead of creating meaningful action and initiative, they're chanting.

    Further disclaimer: I marched against the war in Iraq with millions upon millions world-wide. The effect? America still invaded Iraq.

    Statement: People have forgotten that the only way for protests to work is for the protestors to be pitiable. What are the memorable photographs of the 1960s? Here's a hint: they didn't involve hyperbolic signs or masked faces. They are of dead people-- having been shot unjustly by the national guard. They are of those being sprayed with fire-hoses and being attacked by police dogs. These protesters aren't allowing themselves to be pitied. They seem too well off for the middle class to care.

    1. Re:From a hippie to the hipsters... by benjamindees · · Score: 1

      their parents' generation milked American credit for all it was worth and now they've been told to go fix it

      I just got done watching a video of Lyndon Larouche drone on about his brilliant plan to fix the economy by creating a "national credit" system. I wanted to punch him through the internet.

      --
      "I assumed blithely that there were no elves out there in the darkness"
    2. Re:From a hippie to the hipsters... by phantomfive · · Score: 1

      and believe that all tax loop holes should be closed

      FWIW this is something that is supported by tea-partiers as well. In my opinion, Americans have more in common than we have different, but politicians get political advantage by trying to divide us. As a result we tend to see only the differences. I wish we would spend more time looking at our similarities.

      Another example, most Americans want better and cheaper healthcare. There are obviously some controversies in that regard, but there are some things we could do to make healthcare better that are not controversial at all. And yet we don't, because politicians prefer to focus on what divides us, and we as a country listen.

      Another example, most people think fewer abortions would be a good thing. And there are ways we could do that without resorting to controversial options, but once again politicians have managed to divide us and create distrust of the other side. It is to their advantage to do so, but we need to overlook that and come together.

      --
      "First they came for the slanderers and i said nothing."
    3. Re:From a hippie to the hipsters... by Anonymous Coward · · Score: 0

      "the only way for protests to work is for the protestors to be pitiable." I think people in the US forget too easily that we ARE the 1%. If you make over 40k in the US today, you are among the 1% richest people in the world. Having lived overseas for a chunk of my life, I can only imagine what my friends in Asia say when these pampered brats say they have a masters degree and therefore they are insulted to work for minimum wage. My friends in China would kindly (but FIRMLY) point out that people who make far less than minimum wage created the wealth these guys borrowed to get their degrees. Those in the US who believe in redistribution would be well advised to consider what you mean. If we were to realistically redistribute wealth worldwide, the kids whining on wallstreet would get to starve while workers in Asia get to have a day off each week. Now that might be pitiable.

    4. Re:From a hippie to the hipsters... by mcguiver · · Score: 2

      I wasn't going to reply to you, but you used a magic phrase with me...wealth redistribution. I pay my taxes like you, but I am tired of it. I agree with the principle of wealth redistribution. I wish that everyone could have their basic needs met. If I made sufficient to help others I gladly would...if I knew that they were working hard and doing their best. Where I get tired is when there are many people who are just living off the system and do nothing to contribute to society. I think janitors should be able to hold their head high with the doctors since they are both engaged in honest employment. I understand that there are people who, for whatever reason, are limited. But I believe that there is something that everyone can do.

      I get tired of people who are unemployed because they think that available jobs are beneath their dignity. There is no shame in honest work.

      Sorry to go off topic on your post, but I think that there are many jobs available for these protesters. Heck, there are people flooding across the boarder to get them. Let's put our own people to work in the fields and tax the rich to help make-up what the poor can't earn.

    5. Re:From a hippie to the hipsters... by eepok · · Score: 1

      You and I share some very similar philosophy. You say that janitors should be able to hold their heads up high with doctors and I agree. I think that peoples' hard work should be praised if only because the lack of work is the current American dream (get rich quick schemes, lotto, a single critical patent, celebrity, etc.). Workless luxury is the new goal and there are no visible efforts to fight that cultural cancer.

      I also despise it when people live off the system out of genuine laziness. I think there are ways to combat and change some of that culture by implementing what I refer to as an Urban Civilian Conservation Corps. (Think original "CCC" but with a focus on improving the quality of life in the city instead of the wilderness.)

      Dignity -- This is a difficult topic. Most people don't know what it is and others just don't consider it. Dignity is different from pride in that dignity deals with one's value of self (all stop) while pride deals with one's value of self relative to others. I think dignity and humility go hand-in-hand which is why you never see immigrant farm workers ashamed of their work-- they're putting their blood, sweat, and tears into work so that their children can have a chance at a better life.

      However, when Americans who have tasted the relative relaxation of living the middle class life are confronted with the financial reality of needing to do work they have traditional considered to be "below them", they balk. They are repulsed. They're afraid of what their peers will think and say. They have pride.

      There are indeed many jobs available for these protestors. There are many jobs available to Americans. The problem is that Americans not only have a minimum expectation of quality of life, but a maximum expectation of strain in work.

  187. Weak by Anonymous Coward · · Score: 0

    From what I've gathered from the news and online sites their message is: 'Wall street bad.', 'Rich people mean.', 'Vote for Obama!'.

  188. Perception by Anonymous Coward · · Score: 1

    I'm a 1%-er (last time I looked up the figures anyway). I'm rich by most of the vary-ing standards I've heard Obama classify them. If you include my wife's meager earnings I'm rich even by the highest entry point I've heard him mention ($250k family). I'm a techie (programmer). I'm an employee, not a small business owner or banker. I work side jobs whenever I can (maybe that make's me a semi-business owner but I'm only making money from myself, not "off the backs of the peasents). I work my ass off and I make a good living.

    I don't have a yaught or jet. I rent a modest three bedroom. My wife and I each have newer vehicles (avg 5 years old) in good shape; neither is a luxury brand. I live on a budget, we have buckets each month for groceries, rent, insurance, utilities, child care, etc... We have a modest amount left over each month to go out on dates and we save healthily for retirement. I am the the person that you are protesting.

    There are 700 and some billionaires in this country (USA, again, last time I looked). They are the people you picture as you recite bad poetry in your drum circle. They are far fewer than 1%. They are just as likely to be a Warren Buffet, Bill Gates, Rockefellers (sp?) or the now late Steve Jobs (all noted liberals/progressives) as a member of the Walton family (who may be left of center anyway but I name them due to the Walmart hate).

    I don't have an answer, I'm not even saying that reform isn't needed. I'm stating that I don't think the vast majority of the members of this movement have stopped to think beyond "they have something I want" to understand who or what they are "fighting"

    PS initial captcha was "repress"; where's my tinfoil hat? :)

  189. Re:Sick of it... by FlyingGuy · · Score: 1

    No, Obama didn't want a class war nor does he, actually no one who is sane or even those that are mildly insane want a class war

    You don't have to go far back into this nations history to see that this is just another cycle. We had the Robber Barron's and we had Breaker Boys and the contrast was so vivid. Vast political power and wealth was so heavily concentrated among so few that it led this country to a point where we were headed for a "French Revolution" of our very own. Only continued pressure on the coal mining industry and events such as the Lattimer Massacre and the tide of public opinion forced these companies to conceded both wage and safety increases.

    Contrast that with what is happening today and although the circumstances are different that basic factors are the same. Once again consolidation of wealth and political power are tilting the landscape to the point where the growing gap between those with wealth and power are widening to the point where it is beginning to reflect a different time.

    This era has brought what is essentially corporate blackmail against entire populations. If "Wall street" does not see continued growth in both market share and profit on a quarter to quarter basis then a companies stock is instantly devalued by a market that no longer seeks a solid investment but a quick buck on short term gains no matter what the cost. CEO's are rewarded for simply dumping employees to boost margins to satisfy those that will sell off the stock as soon as it rises a few points. This of course drives companies to threaten the towns and communities where they are located to essentially give them a free ride or they will simply pull up stakes and go elsewhere, burning cash and reserves in the process, pushing down the real value of the company but making the short term numbers look good, thus pushing up short term gains for the wealthy gamblers.

    The entire "global economy" is really good for a very few but not so great for the vast majority. Every software development project that is shipped offshore takes away not only local jobs but reduces real income to the people that are supported by those local jobs being in the area. When a manufacturing plant is closed it is not only the workers that have lost jobs but other local small businesses, real estate, etc. etc.

    What I like to call the "Wall-Mart'ng" of America is killing this country. Cheaper goods, lower wages and the only people making money are at the top. Wallmart reported 15.1 Billion in Net Income. I can completely see that when you are marking things up and paying $10.80 an hour wages.

    The other big issue that is pushing us farther and farther to a point where things can flash is the fact that the Supreme Court granted 1st Amendments Rights to a stack of paper, aka, a corporation. This now gives those with large amounts of money to basically be faceless, nameless and anonymous in putting up whatever sort of campaign they like without having to be an actual campaign in order to greatly influence the outcome of elections.

    --
    Hey KID! Yeah you, get the fuck off my lawn!
  190. Things might just get better from this by Steauengeglase · · Score: 1

    I know a lot of broke, unemployed people who sure would love getting into a Pinkerton gig right about now and shillelaghs are cheap.

  191. A Lack of Good Representation by AmberBlackCat · · Score: 1

    I think either this movement has no well-spoken people, or the absolute worst people are being chosen to represent them in news interviews. It's as if the media operations want this group to appear inept. The ones who could actually talk about what's wrong with our systems, and why they're worth protesting, never seem to get shown on the news. It reminds me of when events would happen in the ghettos and the news crews would walk past all of the Black teachers, engineers, and other professionals to interview a homeless cocaine user who ends up using profanity and listing off the names of his friends.

    Reporter: Could you tell us what's going on here?

    Interviewee: The whole thing is bullshit and it's fucked up!

    Reporter: What exactly is it that caused you all to be so upset?

    Interviewee: All this fucked up shit that's going on. I want to send a shout out to my momma, pookie, and all the boys from 125th street. Fuck this shit, I'm on TV.

    1. Re:A Lack of Good Representation by tbannist · · Score: 1

      the absolute worst people are being chosen to represent them in news interviews

      That's certainly possible. After all the news media is owned by the 1%, and we know from recent history that Rupert tells his news directors what they can and can't show. I'm not sure how different the other networks would be.

      --
      Fanatically anti-fanatical
    2. Re:A Lack of Good Representation by psnINsplPL · · Score: 0

      This may sum it up. Rabble, Rabble: http://www.youtube.com/watch?v=9fEjJ4Ecy9Q

  192. Idiots by Anonymous Coward · · Score: 0

    The Anonymous protests of Scientology were more organized and had a more clear focus than this protest, and that basically amounted to people making longcat posters and saying "um, Scientologists are weird." The complete lack of focus, cohesion, leadership, a coherent message, etc. all tell me one thing: the reason these people don't have jobs is because they're idiots.

  193. yes. by unity100 · · Score: 1

    and 'hard work' is a lie that the bloodsuckers use to fool the morons.

    show me ONE person who accrued a megacorporation by hard work of himself/herself - NOT by getting the proceeds from 100,000 people s/he employs. BUT, if you mean 'making other people work and sucking off 70% of what they produce' as hard work, yeah - you can be a hardworker in that. and THAT's the problem.

    1. Re:yes. by RightSaidFred99 · · Score: 1

      You're not making sense. Those 100k people are paid for their work.

      But by all means, maybe the 100k people working at some megacorp can all quit and go form their own corporation and share all the profits, right?

    2. Re:yes. by unity100 · · Score: 1

      You're not making sense. Those 100k people are paid for their work.

      slaves were paid for their work with food and shelter too. that did not make the payment just and proper, and the practice ethical.

      those 100 k people are paid only 15% at most, out of the 100% they produce. 85% goes to 7% of society.

      its basically making OTHER people work, and taking their stuff. there is no difference in between feudalism, or slavery and this - only, the storefront is different.

      But by all means, maybe the 100k people working at some megacorp can all quit and go form their own corporation and share all the profits, right?

      yes, and the 5% which control the economy can rightout buy or push them out of the market, making them employees again.

  194. occupy campaign is not for THEM. by unity100 · · Score: 1

    Its for us. its for us, 'the people' to wake ourselves up from the 'hard work' lie that has been used to fool us. the ones hard working are us. the ones getting rich, are them.

  195. Re:some of the stories don't help.... by nbauman · · Score: 1

    The only debts they won't let you walk away from are the ones owed to the GOVERNMENT itself (such as those Federal student loan debts, or tax debts owed to the IRS).

    Actually it's even worse than that. You can't walk away from loans owed to a private bank and guaranteed by the government. If you were borrowing from the government, a non-profit organization, they'd design loans to give you the best chance of graduating and contributing to the economy. If you borrown from a private bank, they design loans that make the most profit for them (high compound interest), regardless of the risk (2-year vocational colleges like chef schools).

    Furthermore, government is perpetuating the LIE that spending loads of money for a "good education" is the wisest financial move you can make as a young person. Reality is further and further from the truth, as the big colleges and universities prove all the time, burying students in debt while they're unable to get good paying jobs with the diploma they worked so hard to get.

    That's a good point. Most of these loans start with a 17-year-old who is below the age of consent for sex, agreeing to take a loan that they don't understand, with worse consequences than sex, on the urging of college admissions counselors that everybody does it and of course you're going to take a loan, and you'll be able to pay it off when you graduate.

    There's an element of fraud, which I think excuses some of the responsibility for paying it back. College loans should have the same bankruptcy laws everybody else has.

  196. Re-introduce the Glass-Steagall Act by Cheech+Wizard · · Score: 2

    If I had mod points right now I'd give you all I could. Nail precisely hit on head.

    1. Re:Re-introduce the Glass-Steagall Act by tunapez · · Score: 1

      problem is, they must also ratchet back the banks' inroads they've built all up and down the supply chain. It is an interesting correlation in that every single commodity on the market has tripled in value in the last 10 years. Seriously, look at some 20yr graphs in foods, energy, metals...it's like hurricanes and droughts and China did not exist prior to 1999. I think of DeBeers and the diamond market when the LME is berating Goldman Sachs for creating artificial supply shortages for slow deliveries from their 'storage warehouses'. How does Goldman respond...?
      buy the LME

      --
      Imagination drew in bold strokes, instantly serving hopes and fears, while knowledge advanced by slow increments...
    2. Re:Re-introduce the Glass-Steagall Act by swb · · Score: 1

      In terms of China, there really has been amazing growth there since 1999. I read someplace where they were essentially building a mid-sized city every few months from scratch (I think it was an analogy to describe the volume of building, materials and energy consumption, not specifically that they were building a city from scatch per se).

      There are a lot of stats like that with regard to China, so with even normal commodities speculation in the mix, their consumption puts a huge draw on global commodities.

  197. We Won't Get Fooled Again by retroworks · · Score: 1

    By Who

    --
    Gently reply
  198. Re:Sick of it... by RightSaidFred99 · · Score: 1

    The rich pay the majority of taxes in this country, and by any definition pay at least their fair share.

    But I'm all for a slightly graduated fair tax. 10% rate for income between $30k and $200k, 15% for anything over $200k - for all income sources of any type.

  199. Mod parent up by davide+marney · · Score: 5, Insightful

    Very solid advice. I'd add a few more:

    - If you get married, learn to live on one income.

    - If you do have a second income, use it to pay down debt as aggressively as you can, then to save up for big-ticket items such as a down-payment on a house, a used car, retirement, etc.

    - If you plan to have children, don't count on a second income until the youngest is of school age. It's a full-time job to care for very young children. It makes sense to maintain business contacts, go to professional events, and do short contract work to keep your resume current, just don't count on the income. Take care of the kids first, then ease back into work -- and apply that extra income to getting debt-free.

    - Don't spend a lot of money on "premiere" vacations while kids are very young. They won't remember any of it when they get older, and it's incredibly stressful on the whole family. Take the kids to the great outdoors instead. National and state parks are amazingly good vacations, and cheap, too.

    - Invest early. It takes decades to build up a nest egg. The goal is to have a big enough nest egg so you can live 2/3 off the interest income when you retire, the other 1/3 from retirement insurance plans such as Social Security.

    --
    "We receive as friendly that which agrees with, we resist with dislike that which opposes us" - Faraday
    1. Re:Mod parent up by Anonymous Coward · · Score: 0

      and don't forget the sunscreen

    2. Re:Mod parent up by orbitalia · · Score: 1

      Came out of a long Slashdot slumber to say that all of your advice is solid and holds.

    3. Re:Mod parent up by Anonymous Coward · · Score: 0

      >> - Invest early. It takes decades to build up a nest egg. The goal is to have a big enough nest egg so you can live 2/3 off the interest income when you retire, the other 1/3 from retirement insurance plans such as Social Security.

      No, NO and NOOOOO.

      The idea to live off interest is exactly how this whole mess has been kept running. You all who invest and live off interest enslave the others who run 2-3 jobs a day to PAY OFF THE INTEREST. And the banks in between takes their share . . . wow. DO NOT CONTINUE THIS MADNESS.

    4. Re:Mod parent up by Anonymous Coward · · Score: 0

      Exactly!!!! The whole problem with everything is the stock market...where people try to make something for nothing. The 401k has everybody trapped. If the companies you're invested in make more money, their stock goes up and so does your 401k...The only problem is, they often create these profits by laying off your fellow workers. If you work at a giant company and have a lot of their stock in your 401k, when they lay off your coworkers to cut costs and increase profits, it can HELP your 401k...That's disgusting! Glad I'm not the only one who sees this!

    5. Re:Mod parent up by davide+marney · · Score: 1

      There's nothing wrong with making money with money. I was very happy that someone was willing to lend me hundreds of thousands of dollars so I could buy a decent house for my growing family. I paid back every cent with interest 11 years early, and certainly never felt "enslaved". Of course I expected to pay for the privilege of using someone else's money, that's only fair. When I retire and the table is turned, I'll expect a return on the decades of saving and skimping I put in.

      --
      "We receive as friendly that which agrees with, we resist with dislike that which opposes us" - Faraday
    6. Re:Mod parent up by Anonymous Coward · · Score: 0

      The "live debt free" advice is, almost without exception, trite and impossible for the vast majority of people. Setting aside the larger macro-economic point of the massive scale of economic collapse that would occur if people actually took this advice, let's look at a few specifics:

      -Go to college on grants and scholarship.

      Fantastic advice! If only more middle class people considered this option. Just have kids who win scholarships, stupid!

      -No Car Loans

      You left out: -Don't lose your job when your garbage car stops working. It's an important corollary. Or did you mean: -Just buy a car that's reliable and safe and costs nearly nothing! Have your flying unicorn pull it!

      -Learn to live on one income. Hey, good idea, why didn't I think of that. I'll just move my family from the low crime area with great public schools to the high crime area with schools that are, literally in many cases, falling apart. Because that's what would be required for most people to survive on one income. The good news is that the value of the home I buy in the bad area is vastly more likely to decline more severely than the one I'd need to mortgage at a higher capital to debt ratio in the good area. At least it's more likely to be broken into or burned down.

      -No Credit Cards. Yes, pay fees for debit cards, instead. That way you get to pay banks directly without going through the trouble of securing credit from them.

      What do you not understand about the dynamics of the last 30 years? Middle class wages have free-fallen. Wealth stratification is at it's highest levels in history. Your solution to this is that people just need to make better decisions? Really? That's the problem? Thanks for the insight.

      Here let me save you some time:

      Solve war by people deciding less things are worth killing for.
      Solve obesity by people deciding to eat less.
      Solve crime by people having more empathy.

    7. Re:Mod parent up by Anonymous Coward · · Score: 0

      Very solid advice!

  200. Slashdot Story Biased??? Never by Anonymous Coward · · Score: 1

    Seriously, if you're going to post that sort of question, at least don't bias it up front. "Do you relate to the 99% stories? Do they make you angry — either at the system, or at the protesters? If it's at the protesters, is it rational or a just-world effect?" -- The "if it's at the protestors" part insinuates if you dislike the protestors, it might be because you have some defect in your logic.

    We don't need a revolution. We don't need whiny-ass ex-hippies baiting cops so they can make Internet Protestor Martyr of the Day either. We need to stop being inefficient, overspending, and over-extending credit at all levels: national, corporate, and personal. Problem solved.

  201. Re:some of the stories don't help.... by Attila+Dimedici · · Score: 1

    ...you'd know by now they are a VERY diverse group.

    And very, very white. The press repeatedly commented on the fact that the tea party protests were largely white, yet doesn't seem to notice that the "Occupy" movement is even more bleached than the tea party was.

    --
    The truth is that all men having power ought to be mistrusted. James Madison
  202. Useful Idiots by Anonymous Coward · · Score: 0

    They are useful idiots of the ruling elite.

  203. Yep, Glass-Steagall please by Radical+Moderate · · Score: 2

    It's a good start

    --
    Never let a lack of data get in the way of a good rant.
  204. You Can Only Negotiate From A Power Position by LifesABeach · · Score: 1

    Some things to consider. Businesses can come and go as they please, people can not. But it is a standard method for businesses to be charged a license fee to do business in an area. Government are going to have to do their job of "Community First" if this wave of Economic Locus is to be marginalized.

    If Corporations want to be treated like people, then let them experience Capitol Punishment for murder.

  205. Re: by davide+marney · · Score: 3, Interesting

    Very interesting. As a poll worker, however, I am amazed that people feel they have to sleep in the streets to effect change. The number of people who vote in local elections is just a tiny fraction of those who vote in the big national elections. But it's in the local elections where the slate is chosen -- who gets on the big ballot, and who does not. If just 5% more people turned out to vote, we'd have radically different politicians to choose from.

    --
    "We receive as friendly that which agrees with, we resist with dislike that which opposes us" - Faraday
  206. protest for the sake of protest by Anonymous Coward · · Score: 0

    aimless, rootless and witless, mostly. Children of privilege protesting boring television. I have yet to see/hear a statement of principle form any of these people. Get a job, hippie, start paying off your college loans...

  207. What are they protesting? by Anonymous Coward · · Score: 0

    What exactly are these people protesting? Do they even know? "Corporations are bad" and "Wall Street is bad" is not specific. Nobody is going to pay them for protesting. They need to start being creative and become their own bosses instead of looking to someone else to solve their problems. That's what people do that are successful, and then we want to make them out to be the bad guys.

  208. We're stuck with it now... by IronAmbassador · · Score: 1

    The repeal of Glass-Steagall in 1999 opened the door for banks to start partying with everyone's money. The case of Citizens United in 2010 then gave these same banks the ability to throw any amount of money they want into lobbying to protect themselves from ever having Glass-Steagall coming back. Until these two items are reversed the 99% aren't going to be able to accomplish. Unless they find a way incorporate themselves into one force able to fight back the massive lobbying tide that has been built against them. But good luck with that.

  209. Still is what it is by Anonymous Coward · · Score: 0

    If there is a voice or statement coming from the occupy crowd it is a vengeful, spiteful class warfare neon-communist rant about how the world is unfair. It has been said that there are exceptions to every rule and there is a exception to that rule in that the world is unfair and thank god or whoever is responsible. Te unfairness in the world has driven most of the positive change in the works. The idea is this you don't like something you go out and do it better and show the world why it needs to change. You don't sit down and cry while staying in the way of those who are doing something, if you thing they are doing wring show me a better way a way you do something other than steal from others or regulate jobs away. Taxing and regulating small and medium sized business out of existence will not get you a job that you obviously don't want because you have been in a park working on neglecting your personal hygiene instead of pounding the bricks. You want yo tax a millionare I know you will tax a family farmer, restaurant owner, the local auto shop ......

  210. Goals of OWS...or rather what they SHOULD be! by Anonymous Coward · · Score: 0

    1. END THE FED: The Federal Reserve is too opaque. We need more transparency into the workings of the Fed and Treasury departments. The argument for too long is that "oversight will politicize the banks". This same argument is used for the judicial branch too. But the dirty little secret is that it IS and HAS BEEN political for some time now. You don't think the Fed has pressure to do financially unsound things to boost the economy so assholes can win elections? Think again. There are congressmen who OPPOSSED RON PAUL'S AUDIT THE FED bill ...without it, we would NOT KNOW THAT THE FED LOANED OUT 16 TRILLION TO MOSTLY FOREIGN BANKS. Where does the Fed get this money? Well, they printed at least 2 trillion of it out of thin air!!!

    1a. END INFLATIONARY BUBBLES created by the Fed.

    2. RESTORE TRUTH AND SOUNDNESS TO THE FINANCIAL SYSTEM: We need to know the true and real value of financial instruments. Regulation and an order of magnitude better enforcement. How the hell can Moody's give a AAA rating to junk bonds and yet threaten to downgrade the US? This is a joke. The SEC, Moody's, all the other rating and regulatory agencies are revolving doors with respect to Wall Street banking insiders and were complicit in the multi-trillion dollar derivatives bubble.

    3. GET RID OF THE JUNK: The fundamental problem is junk financial instruments shrouded in financial mumbo-jumbo. If regulations and 10-fold better enforcement are not enough, pass some laws that outlaw these junk financial instruments.

    4. RESTORE GLASS STEAGALL ....investment banks should not have access to other people's money in commercial banks. These guys are notoriously risky...if they want to risk money, let them ONLY risk their own.

    5. OUTLAW GAMBLING: I personally believe that short-selling should be outlawed. It is gambling. There are perverse incentives for finanicial insiders with access to BILLIONS of OTHER PEOPLE'S capital to use as leverage to bring markets down so they can make money by shorting those markets. This incentive and possibility should not exist.

    6. BUST THE TRUSTS: Too-big-too fail needs to come to an end....it's time the US bust some trusts. We have in place now officially sanctioned financial monopolies who get their capital from money that is printed out of thin air.

    7. RAISE INTEREST RATES (some)....what possible risk is there to large banks getting 0% interest loans from the Federal Reserve???!!! You and I can't get these golden rates.

    8. ELIMINATE CDS and CDO: Credit default swaps and collateralized debt obligations - again...a giant ponzi scheme....if not outlaws, these need to be HEAVILY regulated to ensure that they are not junk. These things can spriral out of control and result in a maze of unknowns that can cascade through the entire financial systemm....how do I know this you ask? BECAUSE IT HAPPENED IN 2008!

    9. THROW THE BUMS IN JAIL - there are cases of KNOWN fraud by Goldman Sachs and others that are not being pursued or prosecuted by the government. Why?

    10. CLOSE THE REVOLVING DOOR: There should be some sort of restrictions on folks from Goldman Sachs being Treasury Secretary....the guys the government is suppossed to be regulating should not allowed to man those post in government responsible for regulating them! It's a HUGE conflict of interest. I don't know how to solve this, but it needs to be solved, because government regulators were complicit and turned blinded eyes to the corruption, untruthful ratings, and insane overleveraging of Wall Street.

    11. LET THEM FAIL: Why should we bail out billionaires? Why did we allow the LARGEST bonuses in Wall Street history to result from these HUGE BAILOUTS. It boggles the mind that these bums took mulit-million-dollar bonuses that would not exist if they didn't get TRILLIONS in bailouts from the Federal Reserve (16 trillon by last audit) and Government (TARP 1 trillion)

  211. Re:Sick of it... by Homr+Zodyssey · · Score: 1

    It's a whole bunch of people who refuse to do any hard work and are upset that the people who did work hard their entire lives were (gasp) REWARDED FOR IT.

    Did you hear that straight from Fox and Friends? Instead of believing what you're told about these people, why don't you listen to what they actually say.

    These are people from all walks of life. People who are successful. People who aren't. People who made mistakes. People who just had plain old bad luck. People who tried to do the right thing. People who work 3 jobs. People who can't find work. And people who are worried about the future.

  212. You are the 99% too. by MxTxL · · Score: 1

    The muddle of people griping over their pet causes is what democracy looks like. That is precisely why this movement can't pick a side on any cause. It might come off as a bunch of long haired hippies, but hopefully it causes enough people to question what they think about the system to do something about it. If you feel strongly about it, get out there and make it about what you represent! That's the beauty of democracy.

    Really the only thing all of them can agree on, and I would think most of us Americans, and slashdotters think is this: The system is broken. Our representatives don't represent us. Voting one side or the other makes no difference. I can vote for the ones who openly represent only the rich, or I can vote for the ones who secretly represent the rich.

    The movement is about taking back our democracy, getting people to actually discuss the issues without preset party lines clouding things and letting all the people who are not ensconced in the parties know that there are plenty of others (probably the vast majority) who are fed up with the way things are and will vote against the corrupt system.

  213. Re:The whole concept of 1%/wealth is ... irrelevan by padraic2 · · Score: 1

    Just doing a little math and public numbers .. assuming the US has a population of about 310M, then 3.1M people would be 1% (since I don't know if it's adults or adults and kids, they are using the 1% nomenclature for, let's just start someplace.) According to Wikipedia, the total net worth in the US is $55T. That means that if 1% of the population (3.1M) have 90% of wealth, then they have about $50T or about 16M/person, and the rest of us (the 99%) have $17K per person.

    First, 90% is way too high. The top 1% of the population probably has between 40-50% of total wealth. Second, income/wealth is obviously not uniformly distributed among either of the two groups being analyzed.

  214. root of problems by Anonymous Coward · · Score: 0

    I think some of the protestors are smart... and some are just fools. THe fools are the ones that blame the problems on "capitalism" . The smart ones are those with the signs like reinstating the "glass-steagall act"

    "effectively removed the separation that previously existed between investment banking which issued securities and commercial banks which accepted deposits. "
    " The deregulation also removed conflict of interest prohibitions between investment bankers serving as officers of commercial banks"

    You see here is the thing... In a free market system... you don't need that kind of regulation. But what we have is not a free market. We have a private cartel monopoly. That means we simply can't choose a bank ... with our wallets... that has the separations between their investment side and their deposit side. So our only choice is to "regulate" in this instance.

    or those with signs that say "get money out of the government and end lobbying" . Those things are necessary.

    To truly solve anything though you need to attack the root of the problems... and the Federal reserve is one of our problems.

    Think about it this way....... when a government accepts a form of money as payment of taxes it essentially has a few choices. It can accept "free market" money... but technically in a free market system anyone is free to start their own currency. So they would have to accept money printed from the printers of ordinary people as payment. That obviously won't work. Their second option is to establish a cartel-like monopoly and only accept that as payment in the form of taxes. That is the system we have now in the form of the federal reserve. The third........ and best option is for the government to simply create it's own currency bearing NO interest. Our government has the power to do that. They don't have the power to delegate it to someone else but they have.

      If the US government simply printed their own money......... and taxed it back from circulation... then we would not be beholden to the federal reserve. Right now they get all the money they want from the federal reserve anyway. and the Fed creates it from nothing.... charges interest which we pay in the form of income taxes... and after some cream is scraped off the top of that it in a weirdly convoluted way gets rebated back to the treasury.

    To fix things in our economy.. that would be the absolute start of things.

  215. They misunderstand liberty by z4ce · · Score: 1

    Their manifesto reads like a laundry list of liberal platitudes.

    Rather than advocating liberty by the likes of our founding fathers, Acton, Hayek, Paine, and others, they chant mindless Marxist quotes. This movement is creepy. They think they are fighting for "Freedom for the %99" but all they are doing advocating their own oppression. Their chants for "fairness" are nothing but hallow. They don't want fairness, they want a handout.

    Read their manifesto. Covered up Inactive Ingredients? Are you kidding me? Education is a human right.. that no body should pay for? Undermined farmland through monopolization? Nonhuman animals?

    And their solution to this.. is to give the government more power? Yeah. Great idea, there kids. They deny reality.

    To meet any of their objectives means using force to coerce people to behave a way they other wise wouldn't (education mandates, different pay schemes, less free work laws, stronger privacy laws, etc) and if they are appeased it would only end up with even greater cronyism. They frame every problem entirely incorrectly.

    The goal needs to be strip away power from government. That is the solution to cronyism. To give them more laws and regulation WILL just result in more cronyism and more "corporate and state" power.

  216. Bleh by akma · · Score: 1

    Many of them out there when interviewed seem to have forgotten that it's better to be thought a fool than to open your mouth and remove all doubt. Because it seems to me that many they have interviewed are complete morons.

    --
    akma
  217. These Protesters are Targetting the Right People by grumpygrodyguy · · Score: 2

    Wall St. is strangling the economy. Not the president, not congress, not even the lobbyists.

    Outsourcing, H1Bs, downsizing, hostile takeovers, monopolies, mergers, automation, corruption, bribes, slave labor...you name it...it's all in the name of putting profits before human beings without exception. We used to have decent protections against these things, but since Reagan they have been systematically dismantled by both parties.

    Shareholders & Boards of Directors are paying Lobbyists, and Lobbyists own Congress. If you believe otherwise...you are simply wrong.

    Corporations are Sociopaths with shareholders profitting from the blood and suffering of those who get trampled in the process.

    --
    The government has a defect: it's potentially democratic. Corporations have no defect: they're pure tyrannies. -Chomsky
  218. Man, and I thought I was cynical before... by Medievalist · · Score: 2

    "Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires." --John Steinbeck

  219. Coherency by Anonymous Coward · · Score: 0

    Right after they get rid of groups like animal rights, anti-death penalty and the other irrelevant ones. Let those guys get their own platform so this can be focused.

  220. Re:Sick of it... by Anonymous Coward · · Score: 1

    What's going on right now has nothing to do with class warfare, and all to do with people being sick of bailing out private institutions when their bets failed.

    Now, both the right and the left hate that. There is as near as uniform condemnation of that bailout as the American populace ever agrees about anything. This particular movement, though, is being ran from a purely leftist point of view, and so it deliberately excludes at least half of the population (while claiming to represent 99% of it).

  221. Wrong Target by Anonymous Coward · · Score: 0

    I would like to put forth the idea, that these protesters have their sights set on the wrong target. Wall street, and the corporations the term collectively represents, are not the problem. The political system, specifically, the fact that money does influence the decisions of policy makers, is the problem.

    The protesters currently participating in the OWS protest do not have degrees in economics, or understand the mechanics of the financial markets. If they did, then they would be the 1% and not the 99% percent. Thanks to the internet, the domain of electronic trading, which used to require $100's of thousands if not millions of dollars to participate in, is now open to anyone with $500 and an internet connection. The 99% now have the same access (for all practical purposes), to real time market quotes, and order execution, as the 1% have had historically.

    Corporations are, by law, required to protect and grow shareholder capital. Period. End of story. Regardless of any secondary or tertiary limits corporations impose on themselves, they are legally required to protect and grow shareholder value. This is not a giant conspiracy secret, or evil plot worthy of a movie, but a simple fact. If the people, aka, the 99%, disagree with the actions of a corporation, they can vote with their dollars and not purchase the corporations products, at which point, the corporation will have 2 choices ... change or die.

    If corporations are moving jobs to China, or are successfully lobbying congress for bailout money, or are influencing legislation which negatively affects the health of the nation, they are doing so because it is in the best interest of their shareholders, in line with their legal and fiduciary responsibility to said shareholders.

    If our nation, and its leaders, are so morally and cognitively bankrupt, that corporations are able to influence them to make decisions and pass legislation that negatively affects the nation and its people as a whole, then the problem lies not with the corporations, but with the leaders and politicians that the people have elected to represent them *and* the people who continue to elect them.

    While the protesters eat free food, and smoke weed, and use their smart phones, and keep warm outside wearing clothes made in China, and rant against the man for shits and giggles, or because they feel the desire to change the world, the root of the issue continues to be ignored, and the protest is being co-opted by any number of organizations who do not have the nations health as their primary agenda.

    Financial reform is necessary, but not on Wall street. The financial reform necessary to address the issues these people are upset about, is the political financial system. The system where politicians can legally commit fraud ( tell lies to get elected ), then allow large donors and lobbyists to influence their policy decisions, which can then just be dismissed away with more lies and feel good speeches.

    We as a people, cannot get beyond this, if we keep looking for the extended parent of the government to save us from ourselves. It is the extended parent of government that is currently failing the people and the nation, because the people are willing to accept a short speech that panders to what they want to hear, instead of real solutions and provable outcome in regards to policy.

    Take the money out of running for office and policy making. Hold our leaders accountable for their actions. Demand that they stop robbing Peter to pay Paul to get Pauls votes, and robbing Paul to pay Peter to get Peters votes, all the while, blaming Peter for Pauls problems, and blaming Paul for Peters problems. As long as we keep falling prey to this behavior, we will keep being their tool.

    Attacking capitalism and profit seeking will not solve the problem. If you had capitalism and profit seeking declared illegal tomorrow, the corrupt officials in office would become that much more corrupt, and your life and liberty would erode that much more quickly.

  222. Re:Sick of it... by bar-agent · · Score: 2

    I've heard this schtick about "job creators" before, referring to the rich as people who "produce things and improve society" as you put it. It is bullshit.

    Larry Ellison and Charles Koch are not out in their garages building things. They are not personally hiring 20,000 people. Corporations are doing these things. Corporations are the job creators and thing producers.

    The rich are just people like any other. Except that they have more money, which they often invest into companies in order to sustain their personal fortune. But that makes them merely investors. Their ranks are easily replaceable by a middle class that can afford to do the same and whose smaller but far more numerous investments would make up for the few-but-large investments of the rich.

    Investments help companies create jobs and produce goods, so long as those companies are sensibly run, but you do not have to be rich to invest. So there is no reason for the rich to get special income tax breaks. All this talk of "stimulating the economy" through high-bracket tax breaks is based on trickle-down economics. And trickle-down economics is a superstition which has proven to be bunk.

    --
    i'd hit it so hard, if you pulled me out you'd be the king of britain [bash.org]
  223. Down I Say! by Anonymous Coward · · Score: 0

    Down with Large Corporations! (posted on Facebook, using my fiber connection from Verizon, on Microsoft Windows 7, running on my Dell)

    1. Re:Down I Say! by technomom · · Score: 1

      I wonder how many of those 99% posted heartfelt tributes to Steve Jobs?

  224. "Voting"? Where? by zooblethorpe · · Score: 1

    We call that voting.

    What country are you in?

    (Only partly in jest...)

    --
    "What in the name of Fats Waller is that?"
    "A four-foot prune."
  225. Re:Sick of it... by couchslug · · Score: 1

    The master class own the government and own the institutions.

    Class warfare is healthy competition. The elites don't care about lesser humans, and likewise there is NO reason why the mass of peons should not coerce a greater share of the pie from the masters.

    There is no good or evil, only self-interest. The rich should damn well pay the rest of us NOT to butcher them and take their stuff, for their wealth and power relies on OUR consent.

    I don't have anything against rich or poor, but I do expect my masters to treat me well. Only the wealthy have useful freedom because they have the power to exercise it. If they abuse it, there is no reason the public shouldn't beat them into submission.

    --
    "This post is an artistic work of fiction and falsehood. Only a fool would take anything posted here as fact."
  226. Downhill spiral with a bunch of children by yoursurrogategod · · Score: 2

    Morons. Goddamn morons.

    They're not pissed about some faceless banker doing something stupid and having the government bail him out.
    * They're pissed because after years of studying they have tons of debt piled on with a nearly-meaningless degree to show for it. And yes Jimmy, there are too many Psych, Media Relations, etc. majors out there earned from over-priced colleges that don't do much other than pile on debt on young people while deluding them with moronic theories rather than give them skills to better survive and prosper in the new world (Ivory Towers of leftists academics are so much different from what you would expect from your boss in a real job).
    * They're pissed about the fact that they see their corporate and government entitlements vanish after electing the crooks to power that outsourced this country's industrial base to Mexico, China, etc.
          Oh, did I mention that NAFTA flooded the Mexican market with cheap grain/corn thereby forcing millions of Mexicans head north and depress the price of labor? I didn't?
    * They're pissed about something different and are simply hogging the media coverage.
    * They have nothing to do.

    Now, if you really want to do something, do the following (yes, you'll have to call your Congress rep and yell at them, loudly and often).
    * Put a cap on how much a college can charge for tuition (with and without
    * Bring back the post-Depression banking laws that *clearly* separated investment banking from personal banking. Anyone remember these?
    * Kill NAFTA, CAFTA and other absurdities. Because lets face, free trade isn't exactly some sort of universal leveling trade-barriers. It's a backhanded form of protectionism and economic imperialism.
    * Kill farm subsidies.
    * Reform the tax code to increase taxes on those that make more. Jimmy, did you know that during the 50's we've had taxes over 50% and we were less socialist than we are now? No? Well Jimmy, you're a retard, for not paying attention in history class, just like millions of your red-blooded American country men. Getting behind Obama/Perry/Pelosi/Bachmann/other moron and waving the American flag doesn't make you a patriot, it makes you and ideologue.
    * Reform the tax code to promote industrial growth and industrial exports. Mercantilism, people did it because it *gasp* worked.
    * Develop a national vision of where you want to be in 20 years, no, not 20 seconds, but actual years.
    * Scale back military involvement around the globe.
    * Develop fuels that you can easily, cheaply and frequently replenish.

    But in all honesty, I wasn't born in America. The politics is interesting, if quite often bordering on insanity. Good luck in the next 89 years!

  227. Where's your $50,000? by jrifkin · · Score: 3, Interesting
    Here's something that just came from Alan Grayson. It seems relevent.

    The Government Accountability Office (GAO) says that our Government has handed out $16 trillion to the banks.

    Let me repeat that, in case you didn’t hear me the first time. The GAO says that our Government HAS HANDED OUT $16 TRILLION TO THE BANKS.

    That little gem appears on Page 131 of GAO Report No. GAO-11-696. A report issued two months ago. A report that somehow seems to have eluded the attention of virtually every network, every major newspaper, and every news show.

    How much is $16 trillion? That is an amount equal to more than $50,000 for every man, woman and child in America. That’s more than every penny that every American earns in a year. That’s an amount equal to almost a third of our national net worth -- the value of every home, car, personal belonging, business, bank account, stock, bond, piece of land, book, tree, chandelier, and everything else anyone owns in America. That’s an amount greater than our entire national debt, accumulated over the course of two centuries.

    A $16 trillion stack of dollar bills would reach all the way to the Moon. And back. Twice.

    That’s enough to pay for Saturday mail delivery. For the next 5,000 years.

    All of that money went from you and me to the banks. And we got nothing. Not even a toaster.

    I have been patiently waiting to see whether this disclosure would provoke some kind of reaction. Answer: nope. Everyone seems much more interested in discussing whether or not they like the cut of Perry’s jib.

    Whatever a jib may be.

    In the next few weeks, I’m going to be writing more about this. But right now, I wanted to keep this really simple. Just give folks something to talk about when they’re standing next to the coffee maker.

    The Government gave $16 trillion to the banks. And nobody else is talking about it.

    Think about it. Think about what that means.

    1. Re:Where's your $50,000? by guusbosman · · Score: 2

      Let's look at what page 131 of the GAO report says about Table 8 (http://www.gao.gov/new.items/d11696.pdf).

      First of all, these are loans, not bailouts.

      Second, for at least half of the amount (the PDFC loans), the number is highly inflated: "For example, an overnight PDCF loan of $10 billion that was renewed daily at the same level for 30 business days would result in an aggregate amount borrowed of $300 billion although the institution, in effect, borrowed only $10 billion over 30 days."

    2. Re:Where's your $50,000? by guspasho · · Score: 1

      And indeed, where are our government loans? We've all been hit by the economic crisis, not just the banks. What's that, you say? The banks were supposed to provide those with that government money? Funny, that....

    3. Re:Where's your $50,000? by Anonymous Coward · · Score: 1

      That's complete nonsense.

      That report section is almost entirely about overnight loans. Nothing unusual about that.

      You also ignored: "While the Federal Reserve Board’s emergency lending programs
      included multiple loss-protection features and have not incurred losses to
      date, opportunities exist for the Federal Reserve System to improve its
      risk management practices related to crisis lending"

      YOU Think about what that means.

    4. Re:Where's your $50,000? by Anonymous Coward · · Score: 0

      the table says it is 'loans' aggregated from 2007 on, not free money handed out...

    5. Re:Where's your $50,000? by Anonymous Coward · · Score: 0

      To pile on: Every American could have taken a year off and done nothing and we would have been better off than this bail out. Also the numbers are wrong. You forget that through the magic of Fractional Reserve Banking this is about 225 Trillion Dollars they stole.

    6. Re:Where's your $50,000? by sco08y · · Score: 1

      To further pile on, have a look at the OMB's historical tables, in particular, table 11.1 and 11.2.

      In 2010, 66.2% of all Federal outlays went to direct payments to individuals. The government spent over half its money writing checks, and that doesn't count salaries. The notion that banks are somehow walking off with all the money is total bunk. If you want your checks, just wait until you're old or unemployed; it's mostly social security, medicare and unemployment benefits. (Even if it's paid by a state, it probably came from the feds.)

    7. Re:Where's your $50,000? by AP31R0N · · Score: 1
      --
      Utilizing the synergization of benchmark e-solutions to pre-workaround action items!
    8. Re:Where's your $50,000? by PegLegPete · · Score: 1

      This is the GAO report that jrifkin mentioned. It's right there on page 131 like he said (report page 131, not pdf page 131).

      http://www.gao.gov/search?q=GAO-11-696

      The thing to note is, most of the $16 trillion you say was "given" to the banks was really "loaned" to the banks. My point being a loan is better than straigt-up giving away the money, even if it is a risky loan that is clearly controversial.

      By means of comparison... jrfikin mentioned that the government could have used that $16 trillion to give every man, woman, and child a $50,000. Again, since the money was lent, not given, that is also a bad idea.

      DevLeopard and Davide Marney have made the comments I agree with most in this /. discussion -- do not rely on credit/leverage as it will only put you at risk for trouble. The government sets a bad example in this case but at least it has a reliable income, whereas an individual or corporation can lose their income over night as we have seen occur to our family, friends, businesses, and banks over the past decade.

      The ship called the US (or Global) Economy is in danger of sinking, and instead of figuring out how to patch the hull or securing the life rafts, everybody is busy blaming the engineers for poor construction, questioning the navigator's abilities, and claiming the passengers are too fat. The more practical and rational approach is if we all banded together to get the ship sailing again, crew and passenger alike.

      --
      "Arrr, I curse the shark that stole me leg." -PegLegPete
    9. Re:Where's your $50,000? by perlith · · Score: 1

      Thanks for pointing out that GAO report.

      Table #8 is accurate. The total is $16T. However, banks frequently borrow and repay within a short time period. Hence why table #8 is labeled "Institutions with Largest Total Transaction Amounts (Not Term-Adjusted)"
      Table #9 on pg. 132-133 is also accurate. The total is $1.1T. Table #9 is labeled "Institutions with Largest Total Term-Adjusted Borrowing", which is more in line with what media outlets, et. al are reporting.

      Will need to read into it more later to see if there are hidden nuggets. Most GAO reports have them, just need to take the time to look.

  228. Hidden Benefits by Chardansearavitriol · · Score: 1

    Anything that gets my fellow 20-something formerly angsty peers out into the sun a bit more cant be bad. No matter the results, we should all end up a bit more sociable in the aftermath.

  229. Comment removed by account_deleted · · Score: 1

    Comment removed based on user account deletion

  230. Wrong question by overshoot · · Score: 2

    Give me one reason why we should NOT hold corporations accountable for their actions.

    Give me one mechanism whereby we can hold them responsible, and you may be on the way to answers.

    --
    Lacking <sarcasm> tags, /. substitutes moderation as "Troll."
    1. Re:Wrong question by Marxist+Hacker+42 · · Score: 1

      Here's one mechanism we can hold them responsible through- local currencies. Don't let a business trade in your currency unless ALL of it's C-level executives have a certificate of being free from mental illness. Let them have the dollar, let each city start printing it's own money and supporting it's own local economy, with that money being no good anywhere else.

      --
      SJW: a person who perceives an injustice, and while correcting it, commits a greater injustice.
    2. Re:Wrong question by Anonymous Coward · · Score: 0

      You mean my bankrupt city and near-bankrupt state should just print their own money? And then let local officials -- 3 of whom are facing Federal corruption charges -- regulate it?

      I don't see how that plan could possibly fail!

    3. Re:Wrong question by Marxist+Hacker+42 · · Score: 1

      Better than letting the feds regulate it from 3000 miles away.

      --
      SJW: a person who perceives an injustice, and while correcting it, commits a greater injustice.
    4. Re:Wrong question by TapeCutter · · Score: 1

      That's what happened AFTER the fall of Rome, the US is a bit wobbly but its treasury bonds are still considered more secure than gold, fuck that market trust up by fragmenting the currency and you will be pining for the good old days of 2011. Unless your town is sitting on a huge natural resource, you cannot isolate yourself from the international monetary system, doing so will (at best) bring economic stagnation and material shortages to your walled garden.

      --
      And did you exchange a walk on part in the war for a lead role in a cage? - Pink Floyd.
    5. Re:Wrong question by Marxist+Hacker+42 · · Score: 1

      My town is in the center of a huge natural resource. The people who lived here for 20,000 years before us considered themselves to be quite wealthy, for food was available merely for the gathering of it. I'm tired of the natural resources being mined and grown and sold elsewhere while people right here are starving. Oregon is both one of the best natural resource states in the union, and #1 in hunger and #2 in homelessness. We would have no material shortages- if anything, we have an overabundance of material, we just have this stupid idea that we're better off selling it to Korea and Japan than actually profiting from it ourselves. We do this under pressure from your occupying army of an international monetary system. We would be better off if your Rome would self destruct.

      --
      SJW: a person who perceives an injustice, and while correcting it, commits a greater injustice.
  231. What alarms me by koan · · Score: 2

    Is the poor treatment the protesters have given to local businesses and the police....yes I said the police, imagine your job is to patrol a protest that you may even agree with, so that no one gets hurt and nothing gets damaged, just to listen to people scream at you, cuss at you, and even throw things at you.

    It's absurd, do the protesters really think the business owner and the police aren't having exactly the same financial issues and fears as everyone else?

    I know the police have gotten up to bad things, I am not naive about that, I do feel if you have a message and you want people to care and listen, then say it in a respectful fashion, even when you yourself have not been treated that way.

    If you need any more information on this idea read about a guy named Gandhi.

    --
    "If any question why we died, Tell them because our fathers lied."
  232. Re:some of the stories don't help.... by Anonymous Coward · · Score: 0

    Do not worry its just an attempt to downplay reality as evidenced here:

    http://rortybomb.wordpress.com/2011/10/09/parsing-the-data-and-ideology-of-the-we-are-99-tumblr/

  233. The 1% can police themselves. by elucido · · Score: 1

    Since they don't believe in paying for the police, who exactly are they going to call?

    Of course they'll bribe the police or try to build a private police force, but once again who do the 1% have who they can trust?

  234. clue free by samantha · · Score: 1

    I view it as a 99% clue free display of angst and anger. The majority of the protesters mouth slogans without hardly any depth of political, economic or ethical knowledge. Many of those slogans are profoundly anti free-market which is a profound mistake. First because what we have had for a long time is not remotely free-market or capitalism. It is a government run kleptocracy, a fascist economic state. Most of the economic disaster is not from business or even Wall Street but from political attempts to make a Big Lie seem doable. The Big Lie is that government can make a chicken magically appear in every pot, that it can make it so everyone has a nice and easy life whether they do or produce anything or not. Government cannot do this - ever. Yet the demands of the protesters are largely that government do whatever it takes to make the impossible seem real. In this they are idiot children or worse.

  235. Re:I am somewhat annoyed by ildon · · Score: 1

    Why is this a troll? Have you people actually read the signs people are posting online? Stories of how they ruined their own lives, including people who speculatively bought houses which drove the housing meltdown to begin with, blaming the government or Wall Street for their predicament?

    Seriously, actually READ the things people are posting on http://wearethe99percent.tumblr.com/

    It's a litany of people who made really idiotic financial decisions for themselves. I'd say maybe 1/3 are people who just got screwed over or had bad luck, but at least another 1/3 did things like real estate speculation or had several children out of wedlock while in college for some liberal arts program that had no future paying out of state tuition with loans while not working. And somehow they thought this would turn out positively for them? The final third are standard middle class people who feel inconvenienced that they can only afford a used iPhone 3GS instead of a new white iPhone 4S, and that this somehow puts them below the poverty line...

  236. How I view them? by aliquis · · Score: 1

    Simple.

    As faked images on Wikileaks facebook group:
    http://www.facebook.com/wikileaks

  237. Comment removed by account_deleted · · Score: 1

    Comment removed based on user account deletion

  238. Upper middle class by overshoot · · Score: 1

    I'm upper middle class. I'm taxed at 15% for FICA plus about 12% federal income tax rate.. so 27% of my income just for federal income tax.

    Either your definition of "upper middle class" is very modest indeed (the 12% average only puts you around the median income), or your income is almost entirely capital gains (15% base rate) in which case you're not paying FICA on it. For most people in the lower 3 quintiles, the actual tax take is quite a bit higher than that.

    --
    Lacking <sarcasm> tags, /. substitutes moderation as "Troll."
    1. Re:Upper middle class by bberens · · Score: 1

      Last I checked I was in the 85th percentile on incomes. I put a boat load into tax deferred accounts as well as have a family/mortgage and many other deductions.

      --
      Check out my lame java blog at www.javachopshop.com
  239. Bunch of Morons by Anonymous Coward · · Score: 0

    We really need to ditch the victim mentality in this country.
    There have always been the very rich in this country, as well as poor.
    (MUCH poorer than the so-call "poor" today).
    Without rich people like the Vanderbilts, Westinghouses, and JP Morgans
    investing in innovation, we would not have electricity, telephones, radio and
    a thousand other invetions we take for granted everyday. Do you think its
    the government investing in all this inventiveness?
    Half these morons don't even know what they are protesting for!
    In a recent poll 93% think that internet and cell phone usage should be free
    rights for every American!!!

  240. You're asking this on Slashdot? by Anonymous Coward · · Score: 0

    What kind of response do you think you're going to get on Slashdot? Most people here are so far to the right that they make a KKK lynching look liberal by comparison. Slashdot is like Fox News with less well reasoned argument.

  241. Not just we, but you too, are the 99%. by MxTxL · · Score: 5, Insightful

    I've been around here long enough to know that top posting unrelated to the prior comment is bad etiquette, but again, I've been around here long enough to know when it is appropriate. I also know the magic formula for getting modded up is to say "I'll probably get modded down for this but.."

    I'll probably get modded down for this but it is important enough to risk it.

    The Occupy Wall Street movement does not have any leaders or stated goals or structure on purpose. This is an action deliberately taken in order to have broad populist appeal. The same instant they take a side on any issue, the established political system will immediately use that as a wedge issue to label, then divide and conquer the scraps of popular sentiment and kill any interest. Once a leader is selected, they will find one thing that guy/gal has said publicly, label him as a partisan for it and kill the movement. The parties have been doing this for years and have more experience, skill and money to deflate populist action than can be competed against. The only way to win that game is not to play.

    The movement does have a goal and that is to take back our democracy. Get people talking about the issues again without having predetermined party lines or agendas. Once those lines are drawn, almost everyone stops listening or thinking and just go like lemmings how they have always done. The only thing this movement wants is an equal shake at a fair government. They want their representatives to actually represent them instead of representing the highest bidder: usually the rich and the corporations.

    The purpose here is not to take any specific issue to congress, it's to overturn congress with people who actually listen to their electorate. If that means voting incumbents out, great, or at least put the fear of the people back into them, good too.

    What is their stand on abortion? None. But once we have fair representation, we can talk about it democratically.

    What is their stand on gay rights? The environment? Housing? Taxation? Big Government? None. But once we have fair representation, we can talk about it democratically.

    What is their stand on any issue? TBD but we'll talk about it democratically once we have fair representation.

    You don't have to agree with this movement on any specific issue and you don't have to hold off on support because they don't have talking points or take stands on your personal hot-button issue. For now it's enough to say that all the issues are TBD until such time as we have fair representation and can figure it all out democratically.

    There is a sentiment of discontent in everyone I talk to. Everyone knows the system is broken but nobody has the power to change that. Voting is supposed to solve these problems but voting either way is a vote for the same thing.

    Slashdot is typically an open minded place, I think this movement should speak to each of you. The only thing they want is more democracy. I don't blame anyone for thinking there is a hidden agenda, because there almost always is. But this movement has reached enough of a mass with the cause of having no purpose that it would be hard to argue that there is one. When the only underlying cause visible in their message is "More democracy!", I don't see how anyone can be against that. Want to change something about that platform, get out there and discuss it democratically instead of sniping at it from the comfort of slashdot.

    This is a movement that is outside of and has rejected the established political system. And it's the only one I've seen in my lifetime that has rejected playing the two-party game. I am very excited that it has even gained some traction and has people talking!!! To me it is a moral imperative that we support this. Even if all it means is getting some people you know to talk out the issue.... even that alone is progress.

    1. Re:Not just we, but you too, are the 99%. by Anonymous Coward · · Score: 0

      The Occupy Wall Street movement does not have any leaders or stated goals or structure on purpose.

      You are correct that they have no leaders. However they are not a leaderless movement. They are a movement of leaders. This is the definition by which we should understand this.

  242. Re:Slashdotters unite to attack whoever dares to a by Billly+Gates · · Score: 1

    Their message is quite clear. They hate the bailouts, the oppression, the control they have on the government, and the unfair free trade agreements.

  243. I'm sorry for the sociology majors by TheSync · · Score: 1

    I was watching an interview with a sociology major last night who was at Occupy LA.

    I feel very sorry for her. Her college lead her down the primrose path of "major in whatever feels right for you", and on top of whatever savings her parents had, she likely had government-guaranteed loans for a major that will unlikely allow her to ever pay them off!

  244. Re:some of the stories don't help.... by roc97007 · · Score: 1

    I'll give you that.

    So... remind me... who voted for TARP again?

    --
    Oliver's law of assumed responsibility: If you're seen fixing it, you will be blamed for breaking it.
  245. They're idiots by tensigh · · Score: 1

    Pure and simple. They're just idiots.

  246. The infantry revolution by Oxford_Comma_Lover · · Score: 1

    The interesting corollary to that is that the rise of robo-warfare could push back a bit against the nation-state. Nations needed to be large to gather resources for warfare after the cannon came around, but the infantry revolution was what really prompted the rise of nationalism. Without the need for infantry, the existence of the state and its trappings (from a sociological perspective) becomes... what is the word? Outdated, in any event. Suggesting that the state as an entity could become, in effect, a historical accident.

    (From an entirely academic perspective--the modern state of course has many other roles, but that was the historical motivator.)

    --
    -- IANAL, this isn't legal advice, and definitely isn't legal advice for you. Also, Squee!
  247. Losers they all are! And... by Anonymous Coward · · Score: 0

    And they probably all post here on Slashdot.

  248. Re:The whole concept of 1%/wealth is ... irrelevan by Billly+Gates · · Score: 1

    Well tell me where I can work? I have a four year degree. No jobs pay above $8/hr. I even worked at some of them. My exwfie has a masters degree and used to make $60,000 a year. She is on welfare. We are both in our 30s now. There are a few openings but about 25 people apply to each one all desperate for work.

    Besides starting a business I can't see how I can move up as businesses are not hiring. IN good economic times in 2000 I could walk in at 22 and make $35,000 off the top of my head in many companies starting out. You can't now unless you have many years of experience, an MBA, and know the right people.

    In economic depressions its not the persons fault. Just because it worked for you during the boom times of the mid 1980s doesn't mean it will work in deflationary period of the early 2010s. Times have changed John and these kids are angry not because they want to be rich by working 20 hours a week. But because of HUGE student loans debt and no jobs that are entry level exists

  249. And it's not the liberal Tea Party!!! by MxTxL · · Score: 4, Insightful

    And one more thing: It's not the liberal version of the Tea Party. Both sides would **LOVE** for that to be the big soundbyte for precisely the same reason: Divide and conquer. The right will discredit it to their base as more liberal whack jobs and the left will attempt to co-opt whoever remains with the movement. It's important to reject that notion outright. The movement has NO POLITICAL STAND. The only way to win the game is not to play.

    1. Re:And it's not the liberal Tea Party!!! by bloobamator · · Score: 1

      You contradict your own claim that OWS has no political stand. Demanding fair representation is a political stand. Loosening the grip of corporations is a political stand. Perhaps we should start talking about how we plan to achieve those goals, with specific, bipartisan ideas such as campaign finance limits and term limits.

      I always find it interesting what people are not saying. With the exception of Mayor Bloomberg, in whose backyard the protest first formed and who happens to be ineligible for reelection, I have not noticed any other elected official speaking for or against the protest. It's as if they are all watching and waiting for some transcendental moment before they feel safe enough to voice an opinion.

      --
      "Crude and slow, clansman. Your attack was no better than that of a clumsy child."
  250. A Plan to Remove Money from Politics by Anonymous Coward · · Score: 0

    This is a proposal for amendments to the US Constitution in a draft, outline format.There are three basic elements. Silence group influence. Generate the platform and agenda from the populace. Make running for any office ostensibly free, and then select the upper tier for closed competition. I come hopefully from logic and reason, rather than emotion, ideology, or other loyalty.

    Proposal:

    28. Corporations are not Persons

    28.1. Groups, corporations, PAC’s, unions, political parties, religions, ethnic communities, etc., are not individuals for the purpose of freedom of speech and do not hold first amendment rights, or any rights as individuals. Single persons are individuals. Like minded people are allowed to agree with each other, disagree with others, and vote how they like. Groups may exist or form and may take positions on issues, but have no right to advocate outside of their own forum by paying for any kind of communication, such as paid advertising in any form that is propagated by a group.

    28.2. Elected officials may meet with individuals in groups (no private meetings except with staff), not organized groups, though they may meet with disorganized groups i.e. open sessions, both in their hearing rooms and in their home districts (they represent their people, not others). Closed sessions are not allowed for any purpose where other than legislative officials exist, except in the very narrow interest of national security, for an extremely limited number of items.

    28.3. Lobbying, by an organized group or causing an individual to lobby for a group, of elected officials, their staff, or non elected officials (bureaucrats) by any group is a felony and all officials, officers, and directors said groups are to be held liable. Individuals may lobby, but may not give gifts or restaurant meals or anything other of significant economic value or any kind of influence. Groups may express their sentiments, but references by an individual to a group constitutes hearsay, and is not allowed.

    29. Elections

    29.1. Eliminate the electoral college and then fully fund election advertising by requiring broadcasters, newspapers, magazines, etc. to put aside bandwidth or other space or accommodation to allow any and all candidates to communicate with their electorate with equal time and space allotted to every candidate.(see 29.9) Paid political advertising of any kind is not allowed. The government shall run appropriate web services (on secure (two factor authentication), encrypted, audit able Elections Information Server(s) (with multiple redundancy and 3rd party plus off site backup with no expiration date for either audit or historical purposes) with one domain for all election information), organized by election year, making space available to all candidates (Fed, State, County, Municipal) including, but not limited to forums, email, newsgroups, wiki’s, podcasts of all media, video, audio, print media, commentary, allotted advertisements, town halls, interviews, debates. No personalized user information shared short of an adversarial probable cause hearing. Media shall be free to cover the various stages though equal time is in force, and since they may not accept any paid political advertising, may freely endorse. Candidates may use other free communication options such as social media or newer technologies. All broadcast options must be opt-in. Yard-signs, bumper stickers, buttons etc. may be personally made by individuals using download-able graphics.

    29.2. Data shall be divided between open public domain, and private. Private is anything that might disclose any personal information, location (other than voting district), or any other way to identify an individual and must be absolutely person identifiable. Public facing information and data analysis shall be open source and public domain. Data analysis shall include an algorithm for ranking overall sentiment toward issues, agendas, and/or candidates, and forecast

    1. Re:A Plan to Remove Money from Politics by Anonymous Coward · · Score: 0

      A good rule of thumb: When it starts to run longer than an ammendment from the Bill of Rights, you know you've got issues.

      How about: 29.1 All elected Federal office holders and their appointees hereby forfeit their right to privacy in verbal and written communications, except for passwords and immediate family communications. Spouses may not hold subject offices simultaneously.

      29.2 Corporations and Unions are stripped of personhood and may not lobby, advertise, or donate to candidates. Lobbying groups may not engage in commerce (not even totebags and keychains). Membership in a lobbying group or union may not be a prerequisite for employment.

      29.3 All lobbying of Federal officials and appointees is hereby a matter of public record, to be faithfully transcribed under penalty of perjury and made available as public domain plain text.

      29.4 Treaty negotiations may not be conducted in secret.

  251. Re:The whole concept of 1%/wealth is ... irrelevan by Anonymous Coward · · Score: 0

    you scream dont get a handout, then brag about how your kid is doing so well with the first near decade of her life taking a handout from you. Most of this do not have that luxury a lot of this are sitting on mountains of student loan debt at age 35 just starting yet another jackoff 10$ an hour job after being kicked out at 18 as a burden to our parents

    I am so glad your princess is doing well, let me and my wife sleep on your couch for a few years, oh thats right we dont need help only your princess does, that's why when I was 24 I lived in my car, worked 2 jobs and went to school ... for nothing, totally my fault

  252. A mission dudes, you need a mission. by technomom · · Score: 1

    I wish they'd come up with something that we could rally around and hope to see results from. But I don't see that. Instead I see signs to "End Capitalism!", I see a will.i.am concert, and I swore I heard someone actually saying that they were there to end poverty. Not that the latter isn't a noble cause but c'mon, isn't that kind of like trying to boil the ocean? Are you really going to stay protesting in that park until poverty is ended? I bet not. Tell us what your mission is. Tell us what you intend to execute that mission. Tell us how you will measure success. If your mission is to bring down the heads of the major banks, then say so and say how you intend to do it. The Arab Spring protesters did this to their respective dictators with strikes and by turning the police and the military to their side, and it worked. It just doesn't seem like this group has the leadership and the cojones to do the same thing. The difference between the Arab Spring and these guys is that the Arab Spring had actual leaders, employed people who knew how to network and lead. This bunch just seems like a bunch of chronically unemployed people looking for a way to pass the time. Give me a reason to buy into your protest and I'll do it. Same will go for the cops, fireman and city employees around you. But so far, you're just making yourselves a nuisance.

  253. To me, the one side means the most by JohnnyComeLately · · Score: 1, Insightful

    You can say Robosigners, corporate greed, etc all day and all night long. However, only ONE side is obligated to future performance. It's the borrower. When you apply for a loan, you are stating in writing you can make the payments. It doesn't matter if a one-eyed monkey rubber stamped your application, cut and paste with huge plastic scissors, and 6 year olds handed you the half million you borrowed. If you borrow $500,000, and see your payments close to $4,000 a month, it doesn't take a mathematical genius to say, "Do I really have $4,000 left over in my checking account at the end of every month? Or if I don't could I comfortably get there?" No math involved...just look at your bank statement for this month, and this month minus one. Do you see your average daily balance increase? Of course, if your rent is already there, no math needed. Another scenario: Paying $2k a month rent? Adjust. Do I have $2,000 left.

    Back in 2000, I bought my home for $280,000. I knew it was tight, but I knew between my wife and I we could do it. 4 or 5 years later, we had 2nd mortgage lenders trying to talk us into huge loans, and I knew we couldn't easily afford it. I walked from them. Could I have gotten approved? Easily. Did I notice they were practically begging you to take their money? Sure. However, it's MY signature on the line, and MY credit. I am the one responsible for my actions and my debts.

    Back to the OT, the same goes for my outlook on the protestors. You are responsible for your career and life. Life is not guaranteed nor should it be. Good things happen to bad people and bad things happen to good people. Plan for the worst and hope for the best. When I was 18, I decided I didn't want a near-minimum wage job and wanted to provide for my soon to be wife. I enlisted in the Air Force, and earned my B.S degree before getting out 7 years later. I had my MBA half done. I took student loans, which 11 years later are still painful, but I pay them and am grateful I earn 6 digits to provide for my family. They live comfortably at my sacrifice. No one gave me anything. I worked from minimum wage, to near minimum wage (junior enlisted through most of the 90s). I positioned myself, got an education and worked my way up. Engineer. Senior Engineer. Senior Engineer II. Director.

    Corrupt as Wall St may or may not be, you can still drive your destiny. Don't like corporate greed affecting your lives? Wall Street is the wrong address. Congress and the White House are your destinations for direct change. When you hear Obama is "far exceeding campaign goals," where do you think that money is coming from? What do you think it's intent is for? When you see in California moves to block reform of education and litigation, why do you think you see union and trial lawyer association donations jump up? Just these two items alone have deep, profound impacts upon your daily lives.

    So to summarize, they're misguided and utopian. I don't want them to succeed because if one of their primary demands is, "Equal pay regardless of work," then that reeks of decay and socialism. If they really feel that way, I would encourage them to spend some time, say about 2-3 years, working in European countries that heavily legislate pay, benefits, etc and see how that's working for them.

    It's not.

    1. Re:To me, the one side means the most by mug+funky · · Score: 1

      "European countries"... that's like saying "English speaking countries" for all the difference among them.

      the social democracies of the north are actually doing quite well. that's because they have natural resources that can supplement their (high) tax. but then look at Greece or Italy and you'll see a different story.

      It doesn't seem to serve your point to include all of Europe in one bucket.

    2. Re:To me, the one side means the most by PopeRatzo · · Score: 1

      You can say Robosigners, corporate greed, etc all day and all night long. However, only ONE side is obligated to future performance. It's the borrower.

      That's not so. The lender is obligated to a warranty of its representations, including that the information submitted on the application is actually the information that the lender entered on the application. Also, there is a list of things the lender is obligated to do regarding the execution of releases of liens, etc.

      I'm not saying the borrower is off the hook. I'm saying that there is a very good chance that because of fraud the lender has forfeited some or all of their rights, including foreclosure.

      In light of Wells Fargo, BOA and Citi's unwillingness to act on loan modifications after accepting billions in taxpayer bailouts, their behavior in the robosigning scandal (which involves a lot more fraud besides robosigning) is even more egregious.

      In any other loan transaction, and certainly in any business loan, there is the expectation that the lender will work with the borrower when there is a problem. In fact, there is even a law on the books requiring it (Chapter 11 bankruptcy). One would expect that half a loaf is better than none if you are the lender on a non-performing loan. However, because of the convoluted situation with lenders and servicers and secondary investors, it's actually in their best interest to string the borrower along as long as possible, to promise them that there will be a modification to keep them paying and then to pull the rug out at the last moment. For that, they deserve everything that's happening to them at the moment (which is causing such problems in their stock prices and capitalization).

      And the idea of "non-judicial foreclosures" is antithetical to an American rule of law.

      --
      You are welcome on my lawn.
    3. Re:To me, the one side means the most by BitZtream · · Score: 4, Interesting

      To summarize, bullshit.

      The lender is responsible for ensure they borrower is capable of paying back the loan, especially when they are lending someone elses money, especially MINE.

      Yes, the borrower is responsible for paying back the loan, and when an otherwise good borrower suddenly fucks up and doesn't pay back a loan for whatever reason, you understand that is part of the risk of lending.

      However, when the bank makes loans like they did for my wife. $180k loan to a woman in college (3rd year vet student at the time) with absolutely no job and no time for one anytime in the next 2 years, then its is entirely justified to blame them when it goes South. The bank was fucking utterly retarded to loan my wife the money. Her only 'income' was student loans, which ... they fucking counted as income.

      Fortunately for them, we actually do have the money to pay for it.

      The point however is that there are times when its just part of the lending business, and then there is what has been going on over the last decade where bankers were giving money to anyone anywhere regardless of if they actually qualified for it or not ...

      Theres absolutely no way you can claim its not the banks fault when they were giving loans to people who claimed other loans as 'income'.

      Few people are blaming the banks because the banks legitimately took someones house who hadn't been paying for it, and those people are just nutjobs. What people ARE bitching about is the fact that the banks are foreclosing on homes they don't even fucking have loans for, and GETTING THE DAMN HOMES. They're foreclosing on homes with no paperwork showing they even loaned any money or bought a loan from someone else. They are calling up offering MUCH better financing now and asking existing customers to refinance because they don't have anything to PROVE they actually own the lean on the home!

      No one feels sorry for the guy who lost his half million dollar house because he couldn't pay for it working at McDonalds. We are pissed off because the fucking bank GAME HIM A HALF MILLION DOLLARS WHILE WORKING AT MCDONALDS. We're pissed off because all the assholes that caused this shit are still rich as fuck and the government gives them money so they don't get hurt any more, while those of us who didn't fuck up are paying for it. I don't mind helping out when I'm helping someone worse off than me, but here its the poor and middle class bailing out the rich because THEY FUCKED UP.

      Don't try to shift the blame. I any many other people did our part and paid our bills, and we'll be glade to help out the guy who can't feed himself, but forcing me to bail out the fuckwads who have 4 or 5 extra digits on their bank accounts than me ... when they fucked up and are still currently raping others like me?

      We are responsible for our position in life, and what you're seeing in these protests is people who are getting more and more tired of being fucked over even though they've done everything they were supposed to, because the rich guy in the office on the top floor, Southwest corner, who will make more in the next 15 seconds than most of us will in the next 3 years, pays off the right politician.

      They are becoming more responsible for their direct position in life, hopefully the guy in the building and the politicians will start listening, in the last year, several countries have fallen for smaller reasons.

      You can keep blaming the little guy, but he's getting a lot closer to just whipping your ass rather than bitching.

      --
      Persistent Volume manager for Kubernetes - https://github.com/dwimsey/openshift-pvmanager
    4. Re:To me, the one side means the most by CrashNBrn · · Score: 1

      I think you should look at Balloon Payments. Many of the mortgages that were pushed and procured - that are now defaulting had pretty evil fine print. The people that pushed these mortgages went out of their way to promote the LOW monthly payment - and wouldn't mention the balloon payment that would be required in 2 or 3 years --- to make up for the fact of the low monthly payments.

      Many were lead to believe that the initial 2-3 year payment structure was how the full term of the mortgage would play out.

      The masses that are losing their houses, were preyed on - plain and simple. Most of the 99% dream of owning their own house. Now perhaps they should have been more wary of something that seemed too good to be true, unfortunately they didn't.

      The real crime comes after the fact of all this though. The government bails out these companies that stole from the American People. The bail out comes from Tax payers. Wall Street, the banks, mortgage companies, etc effectively get to steal from the American People twice ... and the ones that got screwed the worst - made at least some of their mortgage payments and now have nothing to show for it.

      Then theres the other side of the coin, with the Housing collapse, housing values plummeted --- many, again, wound up with a mortgage that was far, far above the actual current value of the house. Even if they sell to try and rectify the situation, the mortgage might of been 400,000 --- they can only sell for 200,000 ... still owe 200,000. Bankruptcy is about the only option at that point.

    5. Re:To me, the one side means the most by JohnnyComeLately · · Score: 1

      She has no job, living off student loans and you blame the bank? I'm curious. Why did she apply for the loan and how was she planning on paying for it? Was it also the student loan office's job to tell her student loans are not intended for short term income?

    6. Re:To me, the one side means the most by JohnnyComeLately · · Score: 1

      The point wasn't so much to point to one country or another. The point is to get out of the isolated United States and see what is working and what isn't. I'm sitting in Belgium right now. It's 100% different than, say, Romania, but it some ways completely the same. Point is, you won't know unless you get out and actually see what it is that works and doesn't work. Basing GDP and taxes on natural resources is very short sighted. To give a domestic example, Alaska's oil will eventually run out. If the state doesn't modify their spending and taxes beforehand, they're screwed. If the government shifts to a high tax model, businesses that can choose where to operate will not open there, effectively muffling their income potential. I am perpetually surprised people don't understand government is a, "less than zero sum." If you put a $1 into it, you will never get $1 in utility back. If you tax the rich more, where do you think that money would have gone? It would have been spent, reinvested, etc, which keeps capitalism going. If you tax it, then the $1 sees 10 cents lopped off here, there, and everywhere. You're suck wondering why you're getting crap for your 30 cents.

    7. Re:To me, the one side means the most by Alioth · · Score: 1

      Yes, the bank is largely to blame.

      Your faulty assumption is that everyone is responsible, everyone is good with money, and everyone will do the sums. In reality, maybe only a minority do.

      While it is a borrower's responsibility to only borrow within their means, many borrowers don't do this. Banks are criminally naive if they assume all borrowers will do the sums and can be trusted to borrow only what they can. Most won't, they just see "ooh shiny McMansion". When the banks lend to so many people with no questions asked such that it means that when all these people start defaulting, the bank becomes insolvent and has to be bailed out by the taxpayer, it absolutely IS the bank's fault for just blindly trusting every borrower. While borrowers have a responsibility to make sure they can pay back, banks also have a responsibility to verify this because if they don't, they end up insolvent and having to be bailed out, or they end up going bust and taking depositor's money in the process. Can you not see this?

      The euro crisis is brought on by something similar to this. Greece knew they had too many debts to join the euro, but with the aid of Wall Street, deliberately hid many of their debts to look better than they were. Does this mean it's 100% Greece's fault? No. A very large portion of the fault lies with the Eurozone for accepting them - basically the eurozone, in a headlong and breathless rush to get the single currency going didn't do their due diligence and didn't check Greece's story out. The result is that Greece's problems may actually destroy the euro. Some of the fault is that of the eurozone for not doing a proper job in calculating the risk of bringing Greece on board.

    8. Re:To me, the one side means the most by squizzar · · Score: 1

      I'm with you on the taking personal responsibility front, but I think you have to accept that some people are pretty damned stupid. You've got a guy Bob who doesn't read too well, who doesn't have a grasp of numbers past what he can manage on his fingers and you're suggesting that it is entirely his responsibility when the guy Bill, in a suit, who probably introduced himself as an adviser (when he's actually just a salesman), who claims to know what's best for Bob and Bob's family, and hey Bill's got to be right - look at his swanky office and shiny car - tells Bob he can have everything he's ever wanted, just sign here and let Bill worry about it. You can't see anything wrong with that?

      Richest society in the world (the US) and they can't provide an education system that means Bob can do the simple maths and reasoning you suggest he should. Culture that emphasises get rich quick, that denies that hard work is the way most people have done well for themselves, and hence leads people to believe the guy telling them that they can have whatever they want if they would only ask. Politics so polarised and detached from reality that passing regulation to protect Bob and many like him who may not make the best decisions for themselves would be seen as un-American - and a government so tarnished in the populace's eyes that they cannot believe the government would ever do anything to help them (look at healthcare - you're in Belgium, I'm in the UK, how's the healthcare for the low income people where we are? We all know what it's like in the US...) and so they'll rail against the guy who is actually trying to do something that will make their lives better. If you as an investor bought shares in a company you don't expect to be bailed out if the company fails - you should have researched better the stability and potential of the country, and you accept some amount of loss due to the unpredictable. All investments have an element of risk. If you give all your money to the guys that put up posters on roadsigns "make $300 a week for just $50!!!!!" then you're a fool, but if the bank gives all their money to an equally ludicrous scheme then apparently they don't take any responsibility? Doesn't seem quite right to me.

      You can argue for no regulation, no protection, no nanny-state etc. but you have to see that there is a limit to that train of thought. Otherwise let's remove all the speed limits, legalize all the drugs, remove all the workplace safety standards, living standards, construction standards. Get rid of the EPA and the FDA. Sell booze and cigarettes to children and on and on... We have speed limits because people are bad at calculating the risks of driving too fast, we make drugs illegal because most people can't control their drug usage (I'm not saying it works, but it's the justification), we have health and safety/OHSA/whatever because our employers wouldn't worry too much about killing us otherwise. The thing is whilst you may be an excellent judge of risk, the guy who runs you down doing 90mph in the middle of town isn't. The junkie who knifes you for your wallet is probably beyond accounting for risks. Perhaps when your son/daughter gets that first minimum wage job at a factory the unsafe machine dismembers their hand. For you as an individual these protections may make no sense - you can clearly make sound financial judgements - but as a society we need these protections because the mistakes of some people affect all of us. Everyone has been in some way affected by the fallout from sub-prime mortgages, whether they made good decisions, bad decisions or no decisions. Like it or not we are all interconnected (except, to some extent, that top 1% who have so much they really aren't materially affected by the same stuff as the rest of us) and thus we need rules and protection for ourselves against ourselves.

    9. Re:To me, the one side means the most by tbannist · · Score: 1

      If you tax the rich more, where do you think that money would have gone? It would have been spent, reinvested, etc, which keeps capitalism going.

      That's where it would go in theory, and like communism, it only works that way in theory. In practice, most of that money is being used to play the stock market, derivative option roulette, or currency speculation or any of the other games that the extremely rich play. None of those games do anything to keep the economy running.

      --
      Fanatically anti-fanatical
    10. Re:To me, the one side means the most by JohnnyComeLately · · Score: 1

      If that's where the money goes, and that's how to become rich, then why don't you do it? If it's really that simple, and you think the rich all get richer by "playing" the stock market, playing derivatives, and currency speculation, then just pick your favorite rich dude, and follow his investments.

      The reality of the real world is those are the equiv to a millionaire walking to Vegas and betting it all on black. The millionaire was a millionaire BEFORE, and he surely doesn't get his income from those sources. Can he make a few mil there? Possibly, but most, meaning 99.9999% do not.

      Rich people got rich through smart investing and going with what they know. If you want to make money, get smart on something and then go for it. Start small, taking smaller risks to get a feel. Then when you've built up experience and the ability to intuitively read markets, then you go bigger. Steve Jobs didn't get rich his first time out, and he didn't get it from the company you most know him from: Apple. He watched as M$ pummelled him in market share and every bench mark, but he still stuck to what he knew. Eventually, he walked, formed the company eventually sold to Disney (now known as Pixar), etc. This is a fairy tale example, but it's how you do it. No one hands you anything. You work your way through it. Not 100% of the people will get it, and that's just life. The dodo bird went exinct for a reason. Do I fault the protestors for protesting the bailouts? No. Let the weak banks die. I bet you $1M they don't make the mistake again of loaning $200k to a student on student loans without a job a second time ( from a previous reply). You learn from the painful experiences what NOT to do a second time. 80% of small businesses fail, but the smart ones try again.

      They say financial cycles last 7 years because that's as long as people can remember with any clarity. The same goes here. "Capitalism" is "broken" because we're going on nearly 7 years since it did ok. So we're ignoring over half a DECADE of it beating the dog snot out of the rest of the world, and focusing on the recent failings. Was some of it self-inflicted? Sure. Students with no income should not be given a $200k loan, just as I won't hire you to manage my store right out of college. So, we'll get increased regulation on mortgage blending, investing, etc, and it'll go the other way too far (needlessly adding costs), and then eventually get fine tuned. That's also life. You fine tune and tweak. What we're contemplating here is replacing our car just because the spark plugs fouled. The US beats the living daylight out of most of the rest of the world in every visual measurement I can see. And yes, I'm sitting in Europe (Belgium to be exact) as I write this. I've been in Asia, the Middle East, Western and Central Europe. I've been to South America and Canada. There's a reason everyone emulates us.

      It's sad we can't see our own strengths and just focus on weakness.

    11. Re:To me, the one side means the most by godefroi · · Score: 1

      it is a borrower's responsibility to only borrow within their means

      it absolutely IS the bank's fault

      Doublethink much?

      --
      Karma: Poor (Mostly affected by lame karma-joke sigs)
    12. Re:To me, the one side means the most by tbannist · · Score: 1

      As I understand, most of the extremely wealthy get their new wealth from investments. Were does that wealth come from? Stocks, bonds and derivatives. For the most part, the trade in each of these instruments does nothing for the real economy. When you buy a stock the previous owner gets the money, not the company (except in the rare case where new stock is issued). Increasingly new wealth generation is becoming less tied to real work and based more to financial games.

      If the money were instead being invested in innovative new business, then where are they? The U.S. currently has historically low taxes. There have been several rounds of tax cuts that went disproportionately to the extremely wealthy since 2008. Where are all the companies that should have created? The jobs? Where is the money going? The answer is nowhere. The money is being invested in stock markets and credit default swaps and other financial games because wealth can be generated much faster by investing in phantoms than by investing in real companies that create real jobs and real economic output.

      --
      Fanatically anti-fanatical
    13. Re:To me, the one side means the most by ArtFart · · Score: 0

      I'd try to argue with you, but George Carlin pretty well summed it up in three minutes and fourteen seconds. For that matter, in these eight words: "The table is tilted; the game is rigged." Go on thinking you're in control of your own destiny if you like. It's YOUR signature and YOUR credit all right, by means of which the "one percent" have you by YOUR gonads.

    14. Re:To me, the one side means the most by JohnnyComeLately · · Score: 1

      I guess you have me there. It is my assumption most people are responsible and can do simple math. You said she was a college student, so I was doubly certain this was a safe assumption. To me, the whole point of a college education isn't necessarily WHAT you learn but HOW you learn. (The notable exceptions to this are Electrical and Mechanical Engineering degrees). For example, my MBA didn't make me any smarter than the average man (although this argument is making me rethink this position), but it did give me more tools to learn faster, better and more reliably. Most importantly, it taught me to know what I DON'T know, but have a big picture. For example, a CPA accountant will be able spin me in circles with tax preparations, income statement generations, etc, but if he hands me a balance sheet where Assets, Liabilities, and Equity aren't right, I'll spot it.

      Let me put this a different way, a large majority of Fortune 500 company CEOs are Bachelor of Arts graduates. They didn't go to a school of "Science" or get a business degree (usually a Science school, if you see a business degree listed as a Bachelor of Arts, don't enroll...). You learn critical thinking skills, such as, if I agree to a $1500 a month mortgage but A) Don't have a job B) Have a job but I only make $2,000, then it's probably something I should run by a neutral third party. At the least, Google "mortgage calculator". Put in your loan amount and the term (e.g. 120 months, 6%, $200,000). I just bought a 2010 Camaro and I ran the numbers at least 5 or 6 times (online) even though I could figure the numbers in my head from previous car loans. I go back to my banking statement (online) and look at my lowest balance for the whole year. Does it cover it? Or, if you have a trade in, how much more will I spend? I commuted 130 miles a day for work, and I figured the gas savings alone would cover the difference between my existing car payment and a new Prius. Plus I get to use the carpool lane.

      But I've digressed. To me, these are normal. You're saying it's not. I'm half joking when I say you might want to warn her the Prince of Narobia from the English Wales Bank of Commonwealth does not have $5 Mil pounds that he wants her to help due to the unfortunate demise of the late Sir Paul McCarthy, who has no living heirs to his estate, and that by helping she'll get 10% if she sends her banking route and account numbers. :)

      I'll leave the Euro debate alone for now. Back in 1999 I was taking part in a study exchange between Pepperdine and Oxford University in the UK. I met the actual "head guy" who made the decision to NOT join the Euro. I think if you walked up to the average person on the street in the US, ok maybe from your point I can't ask the average person this, but let's say I could, and asked them, "Do you think it'd be a good idea to tie your US dollar's value to Mexico and Cuba's GDP?" I'd think people would have a hard time stopping their laughter to answer the question. This issue is complex, and to me points out a glaring strength of the US versus Euro monetary problems. In Europe the monetary problems are political. In the US, we've purposely decoupled it from politics. Recently we've seen political pressure to influence monetary policies (e.g. Senators saying the Fed should do blah blah blah), but the awesome thing is that they can't touch it! So instead of political pandering, you've got (until very recently) a PH.D in Economics who understands what the hell is going on making currency decisions. Tons of people try to blame Greenspan, but he was shooting all the warning shots loud and clear for anyone competent and listening. "Irrational Exuberence" ring any bells? He called the dot com three years before it hit. He called the housing crisis two years before it really hit full tilt. I guess I didn't leave the Euro argument totally alone. Hahah... My p

    15. Re:To me, the one side means the most by Wandering+Idiot · · Score: 1

      So, you worked for the government at a job that paid for most of your higher education via taxpayer money? Clearly, you're just a dirty Socialist.

      In all seriousness, I'm not really knocking you, but the whole "I did it all on my own" thing generally does turn out to be something of a myth when examined.

      Equal pay regardless of work

      I'm pretty sure this is something you just made up and applied to them, rather than what most of them actually want.

      That said, I'm in favor of something along the lines of a guaranteed minimum income, as ever larger numbers of the population are likely to become essentially economically unecessary due to automation, and it's better than locking them up for turning to the illegal sector. And even I'd never say that people shouldn't be able to earn more than that doing whatever they could get paid for, or that all pay should be the same. Hell, I think more people would be accepting of laissez-faire free markets with their large income inqualities if they weren't dependent on them for basic living standards. A GMI is more of a long term thing though, I'm not sure if it's even economically viable at our current automation/productivity levels. More-socialized systems of healthcare and education (the latter of which you experienced a form of) are probably more important at the moment.

    16. Re:To me, the one side means the most by JohnnyComeLately · · Score: 1
      To be fair, it didn't pay for MOST of it. It paid for very little of it. Pepperdine MBA classes back in 1997-1999 was around $3-4,000 each (12 classes to graduate) from what I recall. Tuition asistance was supposed to be 75%, however, the cap was $250 per credit hour. You'd think there's $1,000 then for a 4 credit hour class, however, there was ANOTHER cap of $750 regardless of how many hours the class was. So, I paid for a majority of the classes. The real rub is in the fact I didn't understand what subsidized versus unsubsidized loans meant. I just thought subsidized had a better rate. When I realized interest was racking up, a $50,000 student loan had balooned to $70,000. It's 11 years later and I'm still paying them off. If you look at interest, I've definately paid more than $750 times 12 classes :) So like a few of the Big Banks, I paid off my educational "bail out." :)

      We do have gauranteed minimum income. It's called Minimum Wage.

      I did a quick Google to show you the link I read on a news report with, reportedly, "a list of their demands," which did include equal pay regardless. However, the Wikipage mentions a forum posting was misrepresented in the media as an official list of demands. It appears there is no such document, so I am mistaken (misled?).

      I appreciate the joking label of Socialist. It's amazing how uncivilized on-line discussions are about politics. Since I've been on-line since CompuServe in the early-80s, I am used to trolls, pot stirrers, etc, but it's just amazing the hate online over the last 10 years. I post something non-political on a Yahoo comment and I get, "Tea Party slave," etc. I had to laugh because using their criteria, I'm not the "slave", I'm the "master" since at the time I fall in Obama's tax sights (household income over $200-250k) for increases. However, to be fair, I had them going up under Bush, and have been since Clinton.

    17. Re:To me, the one side means the most by Wandering+Idiot · · Score: 1

      Yes, I try to not assume people who disagree with me politically (or even Teh Rich!!1) are inherently evil, unlike most of the Internet.

      I thought the military had better tuition assistance than that, but you have to admit the taxpayers did pay for much of your college indirectly, assuming you were using your military salary for it before getting out.

      The Occupadoes may tend towards the idealistic, but I don't think even they want anything as silly as "exact equal pay for everybody, no matter what", aside from maybe a few fringe loonies. I was talking about a Guaranteed Minimum Income in the sense of being independent of employment status or means, and also higher than a minimum wage job would supply by itself. I believe it's more properly termed a Basic Income Guarantee. Thomas Paine was a proponent of the idea, interestingly. It's probably something that would have to wait until the service sector becomes more automated and unemployment becomes an even bigger and more unavoidable issue.

      Even if they raise taxes on income over $250K, you're only going to pay the higher rate on that bracket, so if you're making $275K it wouldn't be a big difference. It would be what? ~5% more on $25K of it? That's not really being heavily targeted at you. (I haven't seen the exact proposals, but I believe that's correct for the pre-Bush marginal rate) And if you're deep into it, like $500K/yr, then stop whining ya big baby, the government isn't exactly keeping you from being rich.

    18. Re:To me, the one side means the most by JohnnyComeLately · · Score: 1
      I'm familiar with balloon payments as they are a reason I will not ever do business with a specific mortgage lender ever again. I bought a new home in 2000 that was a new development by a small home builder. To have high end custom upgrades, you had to pre-pay for them, however you don't technically own the home yet. We put in cherry cabinets, granite countertops in the kitchen, all modern black appliances, extra Cat 5E runs to every room, etc. So we borrowed from nearly every relative to pay the $15-20k. The home took awhile to build, and all during this time period I kept calling ****** and saying, "Loan is still good, right?" Answer was always yes. When the house finally passed final permits (which means you can move in), we sat down to sign papers. Nothing was the same. Balloon payment, prepay penalty, etc. When I caught it, I asked, "WTF?" They said, "Well your FICA dropped so we couldn't get the original terms." Seems paying off several credit cards (their requirement for approval) made the score drop. So I had to choose: Lose the house on principle (also losing $15k-20k of relatives money) or agree to this massively bad mortgage and move in. Since the house had passed final permits, the contract with the builder said we had to secure financing within 3 days or they can re-list it (which they would, our $280k house was now selling for mid 300s). There's no way to shop and be confident you'll get a loan in two days. So we signed.

      I immediately refinanced a short term later and paid a nearly $30k pre-pay penalty (one year's payments roughly), but I was glad to get out of the horrible mortgage. This is why I'll never again consider or use Northwest Mortgage or certain branch of theirs in California.

    19. Re:To me, the one side means the most by JohnnyComeLately · · Score: 1

      Your questions (and those from others) bothered me. With as much business education and capabilities, I should be able to answer your questions better. However I type a reply and realize, I haven't really addressed the underlying fundamental question, "Where is that money going?" If the owners are pulling it out, then it has to go SOMEWHERE and usually there's taxable income. So at least the government benefits somewhat, however, their tax income isn't. One could say, "Loopholes", but given I'm only one step from the highest tax bracket and paying every penny, I'd love to know what those are. I'm a "3%"er and unlike Google, I'm getting hammered. I digress.

      Then I hit, this article, "Labor's Share of Non-Farm Business Income," with this graph(it's below in the comments, which are all very insightful. I wish every on-line comment section was this civilized), and you can quantify clearly what is happening now, versus previous recoveries. To date, I've seen no explanations other than those who sound a lot like the politicians. "Blame Wall Street." "Blame the 1% Rich," etc. To me that's not meaningful because it's too close to false logic. This article shows that the difference is that clearly corporations are holding onto the profit more than at any other time in history. Now again, I don't agree capitalism has failed. If it was a failure, then why did it rebound EVERY other time. You can't define the majority by the minority in my opinion. So the meaningful dialogue is, "What changed?" You can't say people all of a sudden got greedy. Well maybe you can. But WHY did they get greedy when EVERY other time they didn't? We didn't invent greed in 2006. As I articulated in a different reply, you hand a company a $1 so that you can get $1.07 or more back (assuming 10 Yr T-Bills are paying 6%). Likewise, companies that have retained earnings (read: profits) should want to take the $1.07 THEY brought in to make ANOTHER $1.07 (or more). Holding onto it get's you $1.06 OR LESS (again assuming Tbills 6%) unless you start speculating, which no CFO worth a lick wants to do. I'll stop here but here is another article along the same lines, Income Redistribution: The Key to Economic Growth?.

      What's the solution? NOT the government. If we rely on the government to be the watchkeeper of income distribution, than we will all suffer. To give an example, I read the Obama Stimulus Package being pushed through the Senate. It's been a few years so I won't have the numbers exact in spending, but I will have the percentages. For $30B in increased Food Stamps, they carved off $10.5B for "overhead." I'll let you define what that means to you, but apply it to income redistribution. If we're trying to take $15B from retained earnings sitting on the side (not investing or distributed to workers), do you want $5B spent by the government on "overhead"? No. You can regulate the behavior, but don't dictate it. For example, the government doesn't force you to buy a house, or have kids, but they do make your tax burden insanely easier (until you earn a magic number around $200k combined household) when you A) Get married w/ kids B) Buy a house. These are just ideas. Keep in mind during there are other contrary that might work as well. Under Reagan or Bush (can't remember) we lost deductions for credit card interest, and yet consumer borrowing skyrocketed.

      So in summary, you're right. Although, your phantom corps sounds more like tin foil hat fodder, since the IRS or someone would love to catch someone being stupid with switching money around.

  254. Capitalism = Freedom by towermac · · Score: 1

    What is Capitalism? It's simply free people, and their money. Anything else, is not freedom.

    Btw, what we have in the US (and the West), is the barely functioning remains of what once was capitalism.. Or, you could make the argument that we recently passed from barely functional to not quite functional. Without functioning capitalism (freedom), we slowly regress to a state controlled economy (serfdom).

    1. Re:Capitalism = Freedom by soporific16 · · Score: 1

      What is capitalism?? It's a system of exploitation and oppression but here you are saying it equals FREEDOM???? Nice try supporter of the 1% - i have this sneaking suspicion you aren't actually a member :)

  255. voters? by DaveGod · · Score: 1

    I'm wondering how many of the protesters and their supporters vote.

  256. No leadership and no clear goals by degeneratemonkey · · Score: 0

    I agree with the general sentiment that things are amiss in the U.S. both economically and socially, but there are specific issues that could be addressed through demonstration. Instead, it just feels like a bunch of angry people who don't know exactly why they are angry but they want someone to do something about it. I thought maybe it was just media portrayal, but then I started reading blogs and forums. If there is a clear and intelligent voice of OWS, I sure as hell haven't heard it yet. This is disappointing, because it's impossible for me to stand behind a movement with such a lack of cohesion. Nothing's going to happen, except some people will probably end up getting killed, we'll have riots all over the country, and then who knows what hell will break loose after that.

  257. Re: voting as a tool for change by Anonymous Coward · · Score: 0

    I personally do not bother to vote for the simple reason that I know the game is rigged. The two party system in the US is morally bankrupt. I am convinced that in presidential elections we are offered two faces of the same evil to vote for. When there is a third party candidate available then we are told that voting for someone who is not a mainstream republican or democrat candidate is just throwing your vote away.

    When it comes to getting elected politicians to do the right thing the process is also rigged by lobbyists and campaign contributions from powerful operations. The political campaign funding in this country where rich corporations have have the legal ability to throw millions of dollars at a particular issue to make sure things go their way is just wrong. This situation was never intended by the founders of this country.

  258. A New Capitalism by degeneratemonkey · · Score: 1

    One idea that keeps coming back to me and which was inspired by all this OWS yammering:

    Capitalism as a game with a randomized, finite duration. At the end of the game, the score is reset to zero - we redistribute all generated wealth over the ~75-~150 years over which the round was played.

    After another ~75 years of a new game, we start rollng the d100 again, once per month. When it lands on a 1, we hit the reset button.

    In fact, rather than evenly redistributing the wealth, we could make it even more interesting by distributing the wealth randomly with a reasonable but feasible lower bound.

  259. Re:Slashdotters unite to attack whoever dares to a by BJ_Covert_Action · · Score: 1

    This should be modded up, imho.

  260. Re:The whole concept of 1%/wealth is ... irrelevan by PraiseBob · · Score: 1

    And how do you feel knowing that most billionaires pay a lower percentage of taxes than you? Once your daughter stops going to school, she will be paying a higher percentage of her wealth to pave roads and send kids to school, than every billionaire in the country.

    Is THAT fair? Should 24 year old just-out-of-college kids be spending more of their overall wealth taking care of society and their fellow man, than the mega-wealthy at the very top?

  261. Wasted opportunity by Joe+Tie. · · Score: 1

    Mostly it's just depressing. It could have been a movement based on two big solutions. Stop voting for democrats and republicans, two political parties which have shown themselves to be corrupt beyond redemption. And try to get your money out of the banks and into credit unions. It's two little things that would make huge changes if people were just more aware of their importance. Instead, it's just protests with a lot of ranting and no way to actually change anything. The whole thing is just wasted opportunity.

    --
    Everything will be taken away from you.
  262. Re:The whole concept of 1%/wealth is ... irrelevan by JustSomeProgrammer · · Score: 4, Interesting

    I agree with you completely.

    I'm 32 years old. I'm probably a bit below that 10% personally but growing up I lived in a household of 6 where the total assets were probably closer to 8k. We got by. Now when college came I chose one that I knew I could afford and had some luck finding a decent job (after a year of unemployment). Now I make an income that is greater than my entire family put together due to that good luck and I am getting better. I was careful and recovered from bad debt management (and that year of unemployment). I consider myself AMAZINGLY lucky as I have moved from below poverty to probably between middle and upper middle class. It was alot of work, skill, and luck. But I'm here.

    These people are mostly younger than me college age students. They are carrying iPads and drinking Starbucks. At their age I actually wouldn't have dreamed of paying $5 for a beverage. Hell I didn't even pay that much for alcohol for getting drunk during college (quarter drafts were the best invention I have ever experienced). I have trouble identifying with them as it doesn't seem like they want to go through the struggle I did. I don't know where they want money from. I also don't know why they feel they deserve to be more prosperous than they are without struggling for it.

    You can't find a job straight out of college? I had to relocate pretty damn far from home after a year of searching to find a job in a field that had a high hiring rate. Did you pick a good career path?

    You can't afford to buy a home or rent your own place right out of college? Maybe you shouldn't be trying to do that in one of the most expensive housing markets in the country.

    If they put out a message that spoke about a specific issue or a set of issues like corporations being too involved with the government I could get behind that. But right now it feels like they are whining about sour grapes. Yes the division of wealth in this country sucks and it isn't getting better, but instead of whining about it and hoping someone fixes it for you or the problem magically goes away come up with real ideas about how to fix it or try to protest about specific causes. Heck it doesn't have to be one, but a little more focus would make them sound a lot less whiny.

  263. oblig... by eegad · · Score: 1

    1) What are your problems? Not some random vague laundry list like "Wall street is bad," or "The rich suck." A short, specific, list of the things you believe are big enough problems that they warrant protesting over.

    Come and see the violence inherent in the system. Help! Help! I'm being repressed!

    1. Re:oblig... by eegad · · Score: 1

      Oh and before you get to #3, it's blue.

  264. that sounds like.... by Anonymous Coward · · Score: 0

    Ron Paul!

    (with the exception of 4 and 5 and possibly 2)

  265. Re:Sick of it... by znrt · · Score: 1

    And that's really it. It's a whole bunch of people who refuse to do any hard work and are upset that the people who did work hard their entire lives were (gasp) REWARDED FOR IT.

    be sensible, it's a bit hard to swallow that those REWARDS are paid off with public resources. on top of that, if you consider that their "hard work" consisted in injecting puffs into the economy and running away with the bonus, leaving the whole financial system KOd ... you'll understand some of the anger.

    of course Occupy will not acomplish anything concrete. it's just fucking healthy, that's it, people HAVE to rebutt this chicanery, at least look at it, even if it is only for mental hygiene. it doesn't hurt either, it may spread some awareness, some food for thought and fuel the desire for change or to figure out better ways. wolves are indeed bad, but it's not that ordinary citizens aren't to blame for their sheepy complacence either.

    anyway civil disorder I fear there will be, and I don't believe it will stem from dissent or from this form of anger. it will erupt from sheer misery and mass margination, in a few years. this is bad because it's pure social violence without debate or reflection, and won't change anything either. slashdot baffles me: "they are americans, with high standard of living". lol, who, the 99%? ... well, if you say so. apart from tv-talkshows, have you looked at any serious US economy analysis or forecast, lately? didn't you know that the bailouts just evaporated and there are still a lot of biggies waiting on line to collapse, but the pot is now empty? that state debt is record since ww2 and being downgraded already? that dollar is already in decline as reference currency, and you just want the fed to devaluate it even more? how in heaven do you think US will climb out of its current recession? "working hard"? and for how long do you think this recession will sustain your "high living standard"? It's not a gift of god, sorry to disappoint you

    well. throw another war in the recipe and it would start to sound plausible

  266. We need the TRA party by microbee · · Score: 1

    Tax the Rich Already!

  267. It's the beginning of the end. by lexsird · · Score: 3, Interesting

    Pure capitalism, just like pure communism is full of fail, and we are about to see the reason why. But not before we do a hell of a lot of damage with it, it will go down swinging in one of the bloodiest civil wars in the history of the Earth. It's far better that it happens than the alternative; we swing full into fascism and start paying our bills through outright global domination.

    If you compare and contrast the history of the rise of Nazi Germany with our current events, especially how far our Rightwing has gone to the right, you will be startled, amazed and frightened. Few really do understand the terminology of fascism and it's history. It's tailored like a glove to our times though. I have often wondered how the good people of Pre-Nazi Germany could have been duped into becoming the evil empire that they became. Now I have seen with my own eyes, and heard with my own ears the effects of carefully cultivated propaganda.

    Where we have failed: Our democracy has been hijacked by corporate interests. We have allowed bribery to not only become legalized, but its an art form. You can't have representative government if the moneyed few can influence the politicians. Our current economic situation is due to our trade policies. "Free Trade" is the biggest lie to be imposed upon the American people in our entire history. "Free Trade" is an oxymoron, business is war, and trade is the mother of all wars. Our founding fathers understood this, and that is why they limited the federal government to collecting funds only through trade tariffs. They understood the need to protect the ecology of the nation's economy.

    What we have now are trade policies that are dictated by multinational corporations that call this rape "globalization". It means they can have goods manufactured in countries that pay only pennies for labor, then come flood our markets with these products. This kills kills our industry. It kills our job market. New ideas and innovations can't draw upon our work force, they have been cut out of the loop, and those in power have the markets sewn up. These corporations in power, not only stack the deck in their favor with bought and paid for politicians writing them laws, they also fix the markets for themselves, and get huge stacks of "welfare" from our tax payers.

    The first step to correct this is to get control of our politicians back into the hands of the people, and out of the hands of the mega rich and the multinational corporations. This involves campaign finance reform, but that hasn't happened, in fact its went the other direction. It's now even easier to buy politicians with the changes to PACs.

    The second step is to correct all of the crooked trade policies and laws that stack the deck in favor of specific corporations and industries, allowing them effective monopolies.

    But this isn't going to happen. Those in power have seen this coming for a long time. They have been buying both political parties for decades now. They have been systematically disarming the public as well. They have been building the worlds biggest prison industry, and police state. They own the laws, the politicians, and the law enforcement. They have now the ability to use the military on our civilian population if we decide to have armed revolution. They also control the media, which has proven to be an effective propaganda tool.

    The media has done a great job of indoctrinating Americans into believing this corrupt system is "the American way" and to fight to the death to defend it from "liberals, commies, socialists, etc" We have proven how well they control us when they can send our children off to wars that have lasted longer than WW2, and for reasons that are not clearly explainable, we just "have to trust them". We are fighting a "war on terror". This is such a lie. One can't fight a war on an "emotion." It's nonsensical double speak, set to confuse and befuddle the undereducated masses.

    The Tea Party was a contrived movement, started by billionaires in an attempt to guide the obvious

    --
    Take the Red Pill.
    1. Re:It's the beginning of the end. by Paul+Fernhout · · Score: 1

      I hope your insightful post and related predictions are very wrong, but I am hard pressed to find flaws in what you say other than trying to stay hopeful.

      Links you might find of interest:

      "They Thought They Were Free: The Germans, 1933-45"
      http://www.press.uchicago.edu/Misc/Chicago/511928.html

      "How Germans Fell for the 'Feel-Good' Fuehrer"
      http://www.spiegel.de/international/0,1518,347726,00.html

      "Voyage from Yesteryear"
      http://www.jamesphogan.com/books/info.php?titleID=29&cmd=summary

      My site with lots of alternatives to disaster:
      http://www.pdfernhout.net/

      On optimism and other things by Howard Zinn:
      http://www.commondreams.org/views04/1108-21.htm
      http://www.historyisaweapon.com/defcon1/zinncomrev24.html

      Please make sure you are getting your vitamin D, eating lots of vegetables and fruits, and getting omega-3s to be in the best of health for any tough times to come.

      --
      A 21st century issue: the irony of technologies of abundance in the hands of those still thinking in terms of scarcity.
    2. Re:It's the beginning of the end. by lexsird · · Score: 1

      Interesting reading, though I must admit I only skimmed your pdrernhout page.

      Here is something to factor. If we don't get these knuckle dragging cretins to get out of reptile brain hording/warring mode we are going to get greased by an asteroid. Apophis has a real good chance to hitting us in the not so far future. They still aren't sure it's going to get us this next time around or the time after.

      Seriously we need to give up warring like idiot monkeys and work together to get into space. There is where I think we will shine. Humans I think will weather well being we are biological entities and can adapt quickly, we breed like rats, especially if prompted to. There is literally a universe of materials for us to dabble with and make all sorts of things, like settlements, ark ships, ring worlds or whatever trips our trigger.

      If we get on the ball we can hack our own genetic codes and seriously "play god", screw over the aging process, make ourselves into all sorts of cool and odd things, not to mention heal and cure what the hell ever ails us. We could build an AI, and with any luck have it not kill us like bugs, then work with it and augment ourselves even more.

      The problem with all of this is Earth is currently a "Retardfest". Those in power seem to be puppets, and the people who are their puppet masters are someone else's puppets, until we are just one big puppet show with seemingly no puppet master, just perpetual puppets. There is no vision, just rat brained people running around trying to "get theirs", and sometimes they work together to "get theirs" collectively.

      Plan>no plan
      vision> no vision

      The US has fallen into the "no plan" "no vision" robber baron, "look at me, my dick is bigger than yours because I am rich", "ha, ha, ha, you bum, get a job", "fuck everyone, God is dead", mentality. We used to have a good enemy to keep us in line and productive. Now that we have "won", we suck, we have turned into greedy power sucking idiots. We are a danger to ourselves and the entire planet with our epic stupidity, coupled with our dwindling power.

      Right now our politicians are "fear bitters", they are the bottom of the barrel losers who are there for an easy handout for being charismatic. None of them are worthy of being the town dog catcher, there isn't a "leader" in the entire town of Washington unless it's to lead each other into fucking over the population.

      The rich and powerful? Are you kidding me? These are strung into corporations. Corporate mindsets are even more retarded than government mindsets. But corporations are where the power to make the "greed" factor happen. Why are CEOs paid a fortune? Because they can crack a whip and drive a huge cluster-fuck of idiots in the direction they need to go. They are dictators that are needed or else the entire corporation will get bogged down in "analysis paralysis", and petty bickering between toadies. Adult babysitting is damn expensive, especially when you are at business war with the world.

      Government should be above this hive of retards. Government should be tending to the ecology in which corporations and those who work for them exist in. Government needs to be there with a big stick to slap the fuck out of corporations when they do stupid things that hurt not only themselves but the ecology of the economy of the nation. Globalization is mass retardation and the academia that pushes this dipshit idealism should be taken out of town on a rail after being tarred and feathered.

      Business is war, and Trade is the mother of all wars. Globalization is completely whoring out your nation and any other dumb nation that falls for your bullshit. Fair Trade is what we need. First thing I would implement is a "Mirror Policy" for trade. That means, if you fuck us on something in trade, we fuck you back. If you are fair and open with us, we are fair and open with you. Right now, we are complete whores about trade. A crack whore down in the ghetto will probably barter more for what she will give a blowjob for th

      --
      Take the Red Pill.
    3. Re:It's the beginning of the end. by Paul+Fernhout · · Score: 1

      "Who needs a free thinking population when you are on top ..."

      As John Taylor Gatto wrote:
      http://www.johntaylorgatto.com/chapters/16a.htm
      "I'll bring this down to earth. Try to see that an intricately subordinated industrial/commercial system has only limited use for hundreds of millions of self-reliant, resourceful readers and critical thinkers. In an egalitarian, entrepreneurially based economy of confederated families like the one the Amish have or the Mondragon folk in the Basque region of Spain, any number of self-reliant people can be accommodated usefully, but not in a concentrated command-type economy like our own. Where on earth would they fit? In a great fanfare of moral fervor some years back, the Ford Motor Company opened the world's most productive auto engine plant in Chihuahua, Mexico. It insisted on hiring employees with 50 percent more school training than the Mexican norm of six years, but as time passed Ford removed its requirements and began to hire school dropouts, training them quite well in four to twelve weeks. The hype that education is essential to robot-like work was quietly abandoned. Our economy has no adequate outlet of expression for its artists, dancers, poets, painters, farmers, filmmakers, wildcat business people, handcraft workers, whiskey makers, intellectuals, or a thousand other useful human enterprisesâ"no outlet except corporate work or fringe slots on the periphery of things. Unless you do "creative" work the company way, you run afoul of a host of laws and regulations put on the books to control the dangerous products of imagination which can never be safely tolerated by a centralized command system."

      But with that said, there is a lot of life in the cracks of our society

      There is even a lot of happiness:
      http://sociology.ucsc.edu/whorulesamerica/change/science_freshstart.html
      "Based on these findings, it seems likely that everyday people don't opt for social change in good part because they don't see any plausible way to accomplish their goals, and haven't heard any plans from anyone else that make sense to them. But why don't they just say "the hell with it" and head to the barricades? Why aren't they "fed up?" The answer is not in their false consciousness or a mere resigned acquiescence, as many leftists seem to believe, but in a very different set of factors. On the one hand, for all the injustices average Americans experience and perceive, there are many positive aspects to everyday life that make a regular day-to-day existence more attractive than a general strike or a commitment to building a revolutionary party. They have loved ones they like to be with, they have hobbies and sports they enjoy, and they have forms of entertainment they like to watch. In fact, many of them also report in surveys that they enjoy their jobs even though the jobs don't pay enough or have decent benefits. (And as of late 2005, 93% of individuals earning over $50,000 a year describe themselves as "doing well.") They also understand that they have some hard-won democratic rights and freedoms inherited from the past that are much more than people in many other countries have. They don't want to see those positive aspects messed up."

      So, while one can dwelle on the negative, there can be a lot of positives one can look at too. Example:
      http://www.marcinequenzer.com/creation.htm#The%20Field%20of%20Plenty
      "The Field of Plenty is always full of abundance. The gratitude we show as Children of Earth allows the ideas within the Field of Plenty to manifest on the Good Red Road so we may enjoy these fruits in a physical manner. When the cornucopia was brought to the Pilgrims, the Iroquois People sought to assist these Boat People in destroying their fear of scarcit

      --
      A 21st century issue: the irony of technologies of abundance in the hands of those still thinking in terms of scarcity.
    4. Re:It's the beginning of the end. by lexsird · · Score: 1

      That is some dangerous thinking I feel that panders to the status quo. Not to being insulting, but where would they fit? In the hub of competition with inventions and innovations.

      But where on Earth indeed is the question. Not on Earth. Earth is the problem, we are too complacent to keep all of our eggs in this planetary basket. One planet wrecking event can mean the end of us all. We need to be expanding more rapidly into space. This requires an effort of sifting the entirety of humanity for the best of ideas and hard drive and determination to that cause. We waste in human resources alone, plenty of geniuses in our antiquated education system. Of course we have mundanes and "drones" who are happy little worker bees that will gladly hum along at the job, to return home to a hot meal, some sexual satisfaction and or some entertainment before laying down for a pleasant and well deserved night of sleep. But in churning out these masses, we fail to sift out real talent and it only becomes an anomaly when it struggles to the surface. These days, with the system in place, it almost has to be malcontent also in its demeanor in order to struggle to the top when it's in a lower cast.

      Let's couple the financial aspect of catastrophic success into this equation. You have one human element that shines brightly and is rewarded enough that his/her offspring are placed into top tier casts even though they are there by not one iota of merit of their own other than being born into the right family. This perpetuates the wrong kind of people in positions of power and influence. This I believe causes us to stagnate, and that we don't have the luxury of doing. We have too many people and far too few resources. The scarcity problem can't be satisfied and hence the fear factor brings about wars of various kinds.

      Now some would argue that wars are productive in a "Darwinian" sense and instill a sense of competition, but I say this is madness at this point in our development. We have the technology to advance ourselves much further and off the planet and our competition should be the cosmos itself. The math of probabilities are against us as a species if we again keep all of our eggs in one basket.

      I find it frustrating that we have so much potential before us, yet we fail to be excited by it and cling to the comforts of "no heavy lifting" when it comes to thought and efforts into the unknown. It's like trying to shove people out of tents into houses, or out of Model Ts into a modern sports car. We need to keep evolving and pushing the envelope.

      --
      Take the Red Pill.
    5. Re:It's the beginning of the end. by Synesthes · · Score: 1

      Beautifully written... If I had mod points...

    6. Re:It's the beginning of the end. by Paul+Fernhout · · Score: 1

      "but where would they fit?"

      I think you might have missed the sarcasm, which is more obvious in the context of the whole book, sorry.

      I feel pretty much anyone can be amazing given the right circumstances and environment.

      But hey, even if things are a mess, we can at least try to do the basics for our own lives -- eat well, get vitamin D, develop mental disciplines that help us stay as positively engaged as possible, and so on.

      Be careful too of making life too abstract -- there are pleasure traps but there are also pleasures that keep us rooted. We need both roots and wings.
      http://www.drfuhrman.com/library/article16.aspx
      http://paulgraham.com/addiction.html

      It is sometimes the depth of our roots -- little pleasures, family, friends, hobbies, habits, spirituality, music, communities, and so on -- that keep us from blowing over in life's storms.

      Or, from a different direction, as I quoted from the book version of "What Dreams May Come":
          http://www.pdfernhout.net/reading-between-the-lines.html
      "This is their composite mental image?" I asked. Soundless; hueless; lifeless.
      "It is," he said.
      "And you work here?" I felt stunned that anyone who had the choice would elect to work in this forbidding place.
      "This is nothing," was all he said.

      --
      A 21st century issue: the irony of technologies of abundance in the hands of those still thinking in terms of scarcity.
  268. Why Is This Happening To Me? by Anonymous Coward · · Score: 0

    What I see is a mob of Marie Antoinettes. That might seem an odd comparison, since Antoinette was French royalty, while the Occupiers see themselves as proletariat, but in fact, they are entitled, white Americans--the most coddled class of people in the world, blithely unaware of their advantages in wealth, security and opportunity they enjoy. Just as Antoinette was famously attributed with remarking, after being confronted with the lack of bread among her subjects, "let the eat cake"; many Americans have come to expect, nay demand, the lifestyles of the rich and famous for little or no effort, and certainly no risk.

    These people's version of being screwed is not getting all the bennies they think they are entitled to--listen to the rhetoric--everybody DESERVES a living wage, which of course is defined not as a living wage, but a once-a-year Caribbean cruise, nice house and a couple of cars budget.

    These are people who think they can just 'take it' from the rich, because that is always what they've done. They don't care where it comes from, how it was made--just give it to me now dammit!

    The difference between the 'rich' and the poor in this country is that the rich understand the concept of value for money. Getting it and giving it. Those that don't we call crony capitalists, and the real solution to that problem lies in Washington, not on Wallstreet.

  269. Parallels are striking by Anonymous Coward · · Score: 0

    I am argentinian and it is unbeliavable what is going on in "the first world". It is Argentina 10 years ago. The same protests in the streets, the police jailing hundreths of people, the rich getting richer and governments without a clue. See for yourself: http://www.youtube.com/watch?v=jBLmO03evf0

  270. Re:Mindless dupes of a well financed astroturf out by ScentCone · · Score: 1

    No, you were indeed thinking of this outfit. This is about Big Union money, and the thousand arms of George Soros' various lefty initiatives, through which flow millions of dollars to exactly such activity.

    --
    Don't disappoint your bird dog. Go to the range.
  271. retards by Anonymous Coward · · Score: 0

    The hipsters are just trying to be apart of something, like the hippies of the 60's... they need to take a shower and get a job... whether it's something they want to do at that time or nor, we all have to do shit we don't want to. Secondly, they're protesting wealth/corporate greed, and when I say weath/corporate greed, I mean ANYONE who has a job.

  272. Info for protestors on Five Interwoven Economies by Paul+Fernhout · · Score: 1

    If you go there again, please mention my: http://www.youtube.com/watch?v=4vK-M_e0JoY
    "This video presents a simplified education model about socioeconomics and technological change. It discusses five interwoven economies (subsistence, gift, exchange, planned, and theft) and how the balance will shift with cultural changes and technological changes. It suggests that things like a basic income, better planning, improved subsistence, and an expanded gift economy can compensate in part for an exchange economy that is having problems."

    The text for the presentation is here: http://www.pdfernhout.net/media/FiveInterwovenEconomies.pdf

    I sent an email about it to the Occupy Wall Street website. Basically, that outlines alternatives to think about.

    --
    A 21st century issue: the irony of technologies of abundance in the hands of those still thinking in terms of scarcity.
  273. I'm Libertarian, and I'm 100% behind this list by Anonymous Coward · · Score: 0

    I'm Libertarian, and I'm 100% behind this list. You just stated Ron Paul's platform. Vote for him.

  274. Haughtily... by Anonymous Coward · · Score: 0

    How do I view the protesters?
    ...from a balcony, while sipping champagne!

  275. Re:some of the stories don't help.... by Dahamma · · Score: 1

    Congress.

  276. The protest are not only targeting the 1% by Anonymous Coward · · Score: 0

    They are also actually targeting the 99% to make them aware of where they stand.

  277. Derivatives have benefits by Anonymous Coward · · Score: 1

    Derivatives play an important role in managing risk for very sensible business reasons for companies in a variety of industries. It is the nature of any derivative transaction that one party is long and the other is short, although perhaps you were meaning "naked" shorting. It is hard to see how in isolation a given derivative could be anything but a net positive, as both the long and short end felt it was in there interest to enter the contract, i.e. two winners an no looser. To the degree it there was a loser, we call that party a sucker.

    Of course in fact they did end up having an enormous cost to the economy as a whole with the global financial crisis. But it was brought on largely because a lack of attentiveness to counter-party risk and systemic risk, not inherent flaws derivatives.

    We need to ensure there is more collateral put up to better mitigate the counter party risks. That would have gone a long way to preventing the global financial meltdown.

  278. What's their point? by superdave80 · · Score: 1

    I might be supportive of them if I knew what the hell they were there for. I suppose their point is that they don't like Wall Street. But what do they think their protest is going to accomplish? Wall Street will up and disappear?

    I also can't stand how they think that they speak for 99% of Americans ("We are the 99%!") Comes off as a little smug and self-righteous.

    Trying to find out more about the "99%" (http://wearethe99percent.tumblr.com/) just leads to a website where people post pictures of handwritten notes complaining about things that don't seem to be related to Wall Street. The most common seems to be about student loan debt:

    One woman has 100k in debt by graduation? Geez, what were you thinking?

    Another 42 year-old man owes 40k. Um, you either should have had this paid off by now, or maybe should have saved up to go to school?

    Another with 140k! Jeez, have any of you heard of community college?

    And perhaps my favorite was the woman complaining about 50k in debt after seven years in college!

    Some other complaints were a woman who lost her husband to a heart attack (due to the stress of unemployment?), and another moron who thought it was a good idea to have eight(!) kids on a salary of 40k/year.

    All these ramblings make it tough to know what to make of this 'occupation'...

  279. Re:The whole concept of 1%/wealth is ... irrelevan by Anonymous Coward · · Score: 0

    Funny. You say this:

    "My 24 year old daughter and her husband were able to save up the 20% down for a house LIVING AT HOME WITH THEIR PARENTS while doing this thing called 'working' and 'saving' (...) And their college costs are low enough that THEIR PARENTS CAN HELP OUT A BIT (about half) without going into debt themselves. ...Then say this:

    "Put your priorities in order and stop DEPENDING ON OTHER PEOPLE to help you out. "

    WTF? I guess you get more and more deluded as you age. And hypocritical.

    Get the fuck off of MY lawn.

  280. What to do next? by ChilyWily · · Score: 1

    Understand where your money goes - vote with your bucks because that is the only language, religion, force... whatever you and they believe in. I know, I know, we can't stop buying because we really don't have a choice and the system is rigged. However, consider that the moment you refuse to buy from just one company, or make a run on one Bank (by individuals withdrawing their monies, no matter how big or small), that is the moment that will define the 99% Movement as real. Until people say otherwise yet keep their monies and their sales flowing to the same 1%, nothing changes, therefore, they the 1% are not bothered.

  281. Re:Sick of it... by Culture20 · · Score: 1

    Look really closely at the Occupiers, and I bet you find a bunch of elitist bastards from Ivy League and other top-tier Universities.

    ...who are having a really hard time finding a job....

    Actually, I have friends who work for universities who are taking time off from work to do the occupy thing. They're not from Ivy League, neither are they elitist bastards, but they are hippies who have well paying jobs in top-tier universities.

  282. my gripes by whistlingtony · · Score: 1

    Congress is bought and paid for. That's my biggest gripe, and I believe that most of the problems with our country today stem from this problem. We have crappy regulation of businesses. Everyone gripes about gov. red tape. OK, i'm down with reducing that. But when some jackhole can get 20 odd miners killed because he couldn't be bothered to vent methane out of the mine... and all the EPA can do is throw stupid little fines that the company ignores... Or when the financial industries can lie about the strengths of investments they are selling, when they can bet against their OWN products... and they get a bailout despite being the asses who caused the problem.... It's time for someone to step in a kick some ass. We can't do it. That's why we collectively get together and have this Government thing. Unfortunately, it's too busy taking money to play cop. I wish the Occupy folks would share this vision and narrow their griping to this one topic, but I'm not worried about it. Folks is pissed, and they're letting everyone know. That's right up there next to apple pie for Americanism. I think it's weird so many in the media are painting this as a Left movement. Everyone's pretty pissed right now. I support the Occupy movement. I can't be there, but I did order them some pizza. :D I do wish they'd get a cohesive message though. Get the money out of politics!

    1. Re:my gripes by Anonymous Coward · · Score: 0

      I am actively involved in my small city where we had a meeting for a local occupy we had 300 people attend. The mix of people we had ran the gambit, youngest (4), oldest (80). Mix of employed, unemployed, retired, disabled. Varied degree of education. Varied political affiliation (Dem, Rep, Lib, Independent). Our major gripe (we voted) was that the government has not been representing the people. That both the left and the right have been bought and paid for by corporate interests. I had numerous examples explained to me by local business people in the meeting where they were blocked from competing with larger corporations by the red tape that is setup in a way that the fines would wipe out these small businesses if they got on, but hardly injure the larger companies. Many of these laws over the years were written by lobbiest for the "industry" they are to be regulating. This meant that these smaller mom and pop businesses were put out of business, by regulations paid for by Major Corps. that came into my community to do the job, and did it with lower wages, often temp workers without benefits. At the ocal level we are in support of the Wallstreet folks, but also feel we have enough autonomy to set our own reasons. We are demanding that all money be taken out of the political system. The current working demand is Public financed elections.... no money to a politician from any citizen, corp or group. Politicians must turn all private stock holding and ownership of any company to a private trust. The board of this trust will be run by elected citizens of that politicians local district. Politicians "maintenance" of (home limited to 1 in district) will be paid from these trusts, or by local district. Being elected to office will be treated in all other ways as we treat the members of the military when they are deployed, meaning they do not get to work other jobs or run other businesses. In that they are considered on duty 24/7 365. Retirement and all other benefits end when this person leaves office, with a pension/healthcare plan based on 30 years of service. Upon leaving office no politician shall be allowed to receive pay or funds from any industry on which they had oversight (part of a committee) over during time service and for a period of 30 years after. Much as service members and jurors should see service for ones country as an honor and a duty that requires sacrifice.
      Policy campaigns may not point to one candidate or another, and can be paid for by public money (people, corps, groups, etc.) . All incomes and expenses need to be exposed to the public. for groups and corps pay for such an ad all people who have paid money into that corporation in the last 3 years are required to be publicly available along with the amount. If a corporation has contracts with the federal government they must reference this clearly in the ad, and provide a list of all dollar amounts and area of the government in which they get government money. note this is still a work in progress, but we plan on sending the final document to all Occupy movements

  283. I view them as non-political ;-) by Anonymous Coward · · Score: 0

    I view them as non-political, since just like the Tea Partiers, apparently almost none of these people have ever bothered to vote in an election, much less step forward as a candidate and run for office.

    Protesting isn't action. It's words, like [guiltily glancing around] posting on Slashdot. Put up or shut up, occupiers and partiers. If you're going to keep filling in the circle next to the R or D on the ballots, then you might as well stick to Internet flamewars.

    If just a few percent of you people are willing to give up your cushy unemployment (where you have the luxury of urban camping) and work to outlaw fraud, corporate welfare, and lobbyists writing all the legislation, and the rest of you are willing to vote for that person, then I'll say you really believe in .. um .. whatever it is that your poorly communicated platform happens to be. Until then, you're not for real.

    George W Bush: That guy was for real, and serious about seeing his lofty ideals realized. Are you as serious as George W Bush was, or is that setting the bar a little too high? *goad* *taunt*

  284. A Plan to Remove Money from Politics by sincomida · · Score: 2

    This is a proposal for amendments to the US Constitution in a draft, outline format.There are three basic elements. Silence group influence. Generate the platform and agenda from the populace. Make running for any office ostensibly free, and then select the upper tier for closed competition. I come hopefully from logic and reason, rather than emotion, ideology, or other loyalty.
    Proposal:
    28. Corporations are not Persons
    28.1. Groups, corporations, PACâ(TM)s, unions, political parties, religions, ethnic communities, etc., are not individuals for the purpose of freedom of speech and do not hold first amendment rights, or any rights as individuals. Single persons are individuals. Like minded people are allowed to agree with each other, disagree with others, and vote how they like. Groups may exist or form and may take positions on issues, but have no right to advocate outside of their own forum by paying for any kind of communication, such as paid advertising in any form that is propagated by a group.
    28.2. Elected officials may meet with individuals in groups (no private meetings except with staff), not organized groups, though they may meet with disorganized groups i.e. open sessions, both in their hearing rooms and in their home districts (they represent their people, not others). Closed sessions are not allowed for any purpose where other than legislative officials exist, except in the very narrow interest of national security, for an extremely limited number of items.
    28.3. Lobbying, by an organized group or causing an individual to lobby for a group, of elected officials, their staff, or non elected officials (bureaucrats) by any group is a felony and all officials, officers, and directors said groups are to be held liable. Individuals may lobby, but may not give gifts or restaurant meals or anything other of significant economic value or any kind of influence. Groups may express their sentiments, but references by an individual to a group constitutes hearsay, and is not allowed.
    29. Elections
    29.1. Eliminate the electoral college and then fully fund election advertising by requiring broadcasters, newspapers, magazines, etc. to put aside bandwidth or other space or accommodation to allow any and all candidates to communicate with their electorate with equal time and space allotted to every candidate.(see 29.9) Paid political advertising of any kind is not allowed. The government shall run appropriate web services (on secure (two factor authentication), encrypted, audit able Elections Information Server(s) (with multiple redundancy and 3rd party plus off site backup with no expiration date for either audit or historical purposes) with one domain for all election information), organized by election year, making space available to all candidates (Fed, State, County, Municipal) including, but not limited to forums, email, newsgroups, wikiâ(TM)s, podcasts of all media, video, audio, print media, commentary, allotted advertisements, town halls, interviews, debates. No personalized user information shared short of an adversarial probable cause hearing. Media shall be free to cover the various stages though equal time is in force, and since they may not accept any paid political advertising, may freely endorse. Candidates may use other free communication options such as social media or newer technologies. All broadcast options must be opt-in. Yard-signs, bumper stickers, buttons etc. may be personally made by individuals using download-able graphics.
    29.2. Data shall be divided between open public domain, and private. Private is anything that might disclose any personal information, location (other than voting district), or any other way to identify an individual and must be absolutely person identifiable. Public facing information and data analysis shall be open source and public domain. Data analysis shall include an algorithm for ranking overall sentiment toward issues, agendas, and/or candidates, and forecast results for accumulated agendas (all 535 congressional agenda

  285. what's the point by Anonymous Coward · · Score: 0

    i'm upset as well. But I don't see the point in protesting. the only thing it will do is show them that we cannot coordinate an assault on them (the corporations and/or the 1%)

    I think the best way to protest is to stop buying things. That is the way I have protested. As best as I can anyway. Dropped cable, stopped buying electronics that we do not need. stopped buying all kinds of junk we don't need. started working on how much gas we use (we are using about 50% less now). started a small garden to "subsidize" our grocery spending. Thrift store shopping for clothes, etc. The only real way to get them to see you is for them to notice you are gone. If we can collectively STOP buying all the garbage they tell us we NEED. they will see that we are catching on.

  286. FTFY by Anonymous Coward · · Score: 0

    Led the towelheads kill themselves
    Steal from the rich
    Get a paycheck for protesting

    Courtesy of reality.

  287. Re:The whole concept of 1%/wealth is ... irrelevan by Ryanrule · · Score: 1

    So you had the money to pay rent/food/bills for your daughter. Would she have done so well on her own? Doubt it. Also, you started as on office clerk, and now make 100k. That path no longer exists.

  288. Comment removed by account_deleted · · Score: 1

    Comment removed based on user account deletion

  289. Re:Slashdotters unite to attack whoever dares to a by Anonymous Coward · · Score: 0

    With over a 1000 /. comments, "We" have lots of reasons to be interested. Maybe they are just kids or poor or mad. But, their actions have us talking and others joining. I am not going to forget or forgive on election day.

  290. Prudential, Safeco, and the Redwoods group by tlambert · · Score: 1

    Prudential, Safeco, and The Redwoods Group

    To specifically answer your question about companies offering Business Income Insurance policies without exclusions foir acts of God. Google is your friend.

    -- Terry

  291. ask meee by eyenot · · Score: 0

    ask mee ask me askme

    buh duuuuhhhh duh buh bubu doo duh duuhhhh!

    duh buh buhbuh, duh, uh, uhhHHHHHh!

    --
    "Stratigraphically the origin of agriculture and thermonuclear destruction will appear essentially simultaneous" -- Lee
  292. IS IT JUST ME by eyenot · · Score: 1

    Or are all the wall street little startups suddenly advertising the fuck out of every single online publication that publishes an article about the occupy wall street movement?

    Try with mozilla aurora and "always ask" on cookies. I used irishcentral and news.google.com for article research.

    --
    "Stratigraphically the origin of agriculture and thermonuclear destruction will appear essentially simultaneous" -- Lee
  293. They are aptly self-described ... by Anonymous Coward · · Score: 0

    because they are 99% of the problem.

  294. Off Topic, but... by Anonymous Coward · · Score: 0

    ...experience has shown that is harder to find in America today than a domestic coding job...

    Move to Chicago. Please.

  295. Re:Sick of it... by russotto · · Score: 1

    If a libertarian drives on government roads and drinks government-approved clean water and breathes government-cleaned air while railing against the government on the government-invented Internet using a computer that can communicate wirelessly thanks to government-managed airwaves, does that make him a hypocrite?

    That's what liberals tell us all the time.

  296. Without communism, capitalism got out of control by Animats · · Score: 1

    In a just society every area of activity needs at least two strong opposing forces, each of which prevents the other from running amok. In economics the two are capital and regulation.

    No, communism used to fulfill that function.

    From 1917 to 1980 or so, communism was a serious political threat to unrestrained capitalism. If capitalism didn't deliver a higher standard of living for the common man in a democracy, it might be voted out. That pushed wages up. Capitalists were scared of the competition. There was a real worry that communism might deliver the goods. It did in some areas. The USSR worked to provide jobs, housing, and medical care for everyone. None were all that great, but they beat being homeless.

    In response to this, the US made a big political point of maintaining a continuously rising standard of living. That's what the "American Way of Life" was all about. Through at least the mid-1970s, that position was politically mainstream and supported by both parties. Labor unions helped to keep the pressure on and wages up, both for union and non-union members.

    The USSR started to tank when their own people stopped believing in the dream. By 1980, the ideology was an empty shell. It took another decade for the system to run down, but it did.

    After that, capitalism was the only game in town. There was no reason to pay workers more than they were economically worth. Money then moved from workers to owners. Unions were crushed.

    Without ideological competition, we got to where we are now.

  297. Ehh by FyberOptic · · Score: 1

    While there is definitely a growing income divide in the country, and the banks are finding more opportunities to screw people to earn bigger bonuses, I don't think protesting will do a lot to stop it. Especially when a lot of the people out there are part of the problem to begin with. People carrying around iPads and shit, bought from companies who don't care what they have to do to turn a profit, and probably bought with credit cards, since in modern society being in debt is the norm.

    The pig won't stop getting fat until you quit feeding it.

  298. Signs of the young and foolish by Taco+Cowboy · · Score: 1

    "Never in history have so many people of this age group spent so much money on âoenon-essentialâ items such as: cell phones, IPads, Ipods, video game systems, video games, jewelry and clothing. The collective purchases and expense of cell phones in 2005 was roughly equivalent to the buying power of this same group in the second half of the 1960â(TM)s combined. Our youth has spent their inheritance and now the prodigal son returns with a vengeance."

    --
    Muchas Gracias, Señor Edward Snowden !
  299. I WET MYSELF by Anonymous Coward · · Score: 0

    http://www.youtube.com/watch?v=zNyRdpLHFx0

  300. Creating accountability & balancing influence by VJmes · · Score: 1

    Unfortunately for everyone, however noble this movement is the combined power of politicians under the thumb of big-business will drown out any dissent this creates.

    The only way I can see the greed ending is Americans electing a politician who isn't some spineless coward to bring in the legislative changes needed to stop the political influence businesses have, stop the influence businesses have on specific markets & start making them truly accountable for how much control they yield over the market.

    If the GFC taught us one thing, it's that big business yields the most amount of influence on the economy and none of the accountability. It isn't a matter of big verses small government, it's a matter of regulation. Creating balance in the influence businesses can exert and the influence of the population & making businesses accountable for their actions. Nothing else, if governments could do only one thing, it would be to regulate the way businesses operate and how they can operate.

  301. At least they're doing something by kaffiene · · Score: 2

    The biggest thing that strikes me about this whole situation is that everyone is angry but they're the only ones actually doing something about it. Seeing also-angry bystanders criticise the protesters because they're (a) hairy (b) drum-playing (c) other ad-hominem issue is sad, pathetic and unfortunately not at all unusual.

    Yes, their aims are many, but the issues are many and one doesn't have to have a pithy easily-digested campaign slogan to express dissatisfaction with the status quo.

    So many people on /. bitch and moan about the government and corruption but most of you wouldn't get off your ass for a second to stand up for your beliefs. I sure as hell have a lot more respect for those people being actually counted on Wall St (and the satellite protests) than I do for those on /. who throw virtual stones from the cover of Internet anonymity.

    1. Re:At least they're doing something by Anonymous Coward · · Score: 0

      I don't see people criticize the protesters because they're hairy, drum playing or whatever. I see people criticizing the protesters because they're childish morons. It's hard not to laugh at them. Only people who are fairly affluent can even contemplate spending weeks protesting for a non-specific cause.

  302. wrong city for the protest... by Anonymous Coward · · Score: 0

    They are protesting in the wrong city. They should take a trip down to the Potomac.

  303. What's Changed? by bloobamator · · Score: 1

    Why are we so pissed off now, but we weren't so pissed off 5 years ago? Why are we protesting now and not 5 years ago? What has changed? The economy tanked, that's what changed.

    What happened to the economy? Greedy financiers gambled away our future. Unfettered capitalism ran amok and very nearly triggered the collapse of western civilization.

    The heart of the Occupy Wall Street protest, I believe, is the utter lack of accountability and the borderline criminally negligent disregard for checks and balances within our financial institutions. It is clearly the government's responsibility to regulate that industry, to control the greed so that it cannot do such terrible damage ever again.

    --
    "Crude and slow, clansman. Your attack was no better than that of a clumsy child."
  304. The Open Source (Linux Kernel) Approach by Anonymous Coward · · Score: 0

    Those who complain about the protestors "only moaning" and having "no solutions" should remember the Torvalds approach to debugging :-

    1) A large number of people look at the code and point out bugs.

    2) other people look at the bugs and some of them come up with reasons why the bugs are happening.

    3) other people come up with fixes.

    The Occupiers of Wall Street are a mixture of groups (1) and (2), and are looking at how society works.

    These people need not be the same group that comes up with the fixes .... hopefully the politicians will do that ... but I hold out little hope

  305. Should advocate breaking up the Banks by sp3d2orbit · · Score: 1

    The protesters should advocate breaking up the largest banks in this country. By the governments own admission, the big banks are too big to fail. The government should use existing anti-monopoly laws to break them up into pieces that do not represent a systematic threat. Precedent has already been set: AT&T in the 1970's, Standard Oil before that, and dozens of other large corporations were broken up because they were too big.

    Break up the banks so we never have to bail them out again.

  306. Re:Slashdotters unite to attack whoever dares to a by Anonymous Coward · · Score: 0

    the media that is not interested in depicting them as a serious movement

    Really? The media has done nothing but show "tons" of protesters kind of like the Flinstones background scenery. According to people on the scene, there aren't a lot of protesters.

  307. 99 or 99.99? by manaway · · Score: 1

    It's mostly a problem of identification. The real power-brokers love to be behind the scenes. They aren't the ones who are out there, on TV, participating in campaigns, issuing press releases, etc. That's all a puppet show for public consumption, to put it simply.

    So the real power-brokers are smaller in number and less in the public eye, maybe they are the top 0.1% or 0.01%? I will infer from this (possible strawman) that supporting activities against the top 0.01% is useful but anything more inclusive is a waste of time. Which suggests that being 99% in agreement not enough, only 99.99% will do.

    I doubt these protestors have the sophistication or the awareness to see through the bullshit and understand what they're actually opposing.

    What this attitude misses is that the top 1% includes the power-brokers you mention and the 0.99% buffer people between the top 0.01% and the 99%. The corporate media, economists, bankers, corporate board members and CEOs, corporate representatives in government, and such that make the system possible. Go purely after the top 0.01% and the next 0.99% are very ready to take their place. The 99% gathering sees the systemic problems in addition to the handful of extremely rich families. That is the sophisticated brilliance of the very aware 99% movement.

  308. They are not the 99% by frist · · Score: 1

    The 92% rather than 99% actually have jobs and do not occupy anything other than their workspace. They have social obligations, friends, family and they do their part. If you're occupying Wall Street, or DC, you're not looking for a job. Clearly you have time and funds to travel, so travel to a place that has less unemployment than where you come from and get a job. Yes you may have to work hard and do a job that isn't your ideal. Travel a bit to other parts of the world, then you'll come back and like Snoop Dogg, admit that even living in the projects you have it better than most of the world, food, shoes on your feet, a place to sleep, free education, etc.

    Occupy This and That are not the 99% and they are not like us.

    1. Re:They are not the 99% by tbannist · · Score: 1

      Occupy This and That are not the 99% and they are not like us.

      I think you're wrong. I think they're more like you than you realize. They want the same things that you want, they've just realized that the game is rigged, and you haven't yet. They're fighting for your right to government by the people, for the people and of the people too. I think they're more like you than you may ever understand.

      --
      Fanatically anti-fanatical
  309. The 99% Reflect Me by entropy123 · · Score: 1

    The posts on http://wearethe99percent.tumblr.com/ reflect my experience. My advanced degree and frugal lifestyle has me making steady financial progress, only I've been laid off on a few occasions - wiping out my nest egg and I'm not really that far along. My experience has me convinced that no one in the government has my back. Lucky my wife has an awesome job - after many years of school where she made nothing and accumulated debt - and we are now in a top income bracket. I know what it is like to not have a job yet be willing to work and have 'in demand' skills. I don't live on the east coast otherwise I'd be out there representing the contingent of society that sweated their way through an engineering PhD. At the end of the day I want my 2yr old to go to a nice school and feel proud to live in this country. I don't see it getting better for him (my wife and I have a large income but will never be 'rich' like Bloomberg, Buffet, Gates, etc.) unless we all stand up now for the 99%.

    Occupywallstreet may or may not fizzle out. Either way, I think this is the turning point. I hope this occurs to our leaders and convinces Washington to enact actual campaign/lobbyist reform. That is what I see tying together all the OWS concerns: life may not be fair, but for many it has become completely unfair in the favor of the 1%. Seeing them out there I am inspired because I realize that I am not alone. There are many others out there in the same boat that I am in while I watch the 1% prosper beyond all measure or need. The mere existence of 501c3 organizations - put into law by our own congress - is pretty much proof that our current politicians are nearly 100% corrupt beyond anything we've seen in the USA for nearly a century. Anyone in the world can donate to a 501c3 organization anonymously. Anyone. Isn't this a major national security hole? This country has and can do better than that in its elected officials. If OWS gets snuffed out I think the next movement will be larger and more aggressive. I hope OWS wakes up the conscience of our politicians enough to enact reform and/or wakes up enough of the 99% to start electing officials who will fight, actually fight, for reform.

  310. Re:The whole concept of 1%/wealth is ... irrelevan by frist · · Score: 1

    Well said.

  311. "Efficiency" is at fault by cowwoc2001 · · Score: 1

    The Age of Paradox [1] provides a nice explanation. A society predicated on efficiency and productivity favors producing the same amount of work with less people, and paying those people more money. Inevitably, this leads to higher and higher unemployment and a situation where the remaining people (employed) are making more and more money. Note he is not referring to the top 1%. He is referring to you and I. Each of us is equally responsible for the situation we find ourselves in today. We work more overtime in order to make more money, and then wonder why there are so many more unemployed (who we just replaced by working more hours). One simple fix (suggested by me, not the author of the book) is to make it less profitable for one employee to do two people's work. As soon as it's more profitable to hire two people and stick to 37.5 hours of work, employment will go up and we'd all be happier people.

    It's an interesting book. Give it a read!

    [1] http://www.amazon.com/Age-Paradox-Charles-Handy/dp/0875846432

  312. Media coverage of Tea Party vs. "Occupy" movement by Ranten_N_Raven · · Score: 1

    As a former chair of a Tea Party, I was often saddened by the coverage the various tea parties received: "They are dangerous! They are violent! They are racists!!"
     
    Compare that to the coverage these guys get. It's so positive!
     
    Yet no tea party people had to be pepper sprayed to stop them from pushing the guards around at any facility, much less the Air and Space Museum!
     
    How about just a little fairness...?

    --

    READ the US Constitution, the Bill of Rights and the other amendments! http://lcweb2.loc.gov/const/const.html
  313. whatever it is, it is new. by Anonymous Coward · · Score: 0

    Whatever box you want to put the occupy people in, the occupy movement is something new. There are many familiar elements of past political movements, but the people out there are often people new to protesting, and the assortment of demands/desires, vague as they are, is new. New in some refreshing, hopeful ways.

    We'll see what comes of it.

    "... something is happening here, but you don't know what it is, do you, Mister Jones?"

  314. Re:Sick of it... by rallen911 · · Score: 1

    Please define "fair share"! You can't! You won't!

    If you completely liquidated all of the assets of the 1% and all of the assets of the Fortune 500, you could run the bloated government for less than 2 years!!!! Who will be next in line to pay their "fair share" then?

    It has to stop. We can't pay for everyone's everything. There aren't enough people not being paid.

  315. Re:Sick of it... by rallen911 · · Score: 1

    * Fix the last line *
    It has to stop. We can't pay for everyone's everything. There aren't enough people being paid.

  316. Re:Sick of it... by The+Dawn+Of+Time · · Score: 1

    How many people ran the US following the revolution? Not even everyone had franchise back then. Hell, a large segment of the population didn't even count as legal persons.

  317. APs beware, they're on to you by Anonymous Coward · · Score: 0

    Provocateurs will not bring these actions down. If you think they're sheep you're only fooling yourself.

  318. You are why the economy crashed. by Anonymous Coward · · Score: 0

    That and we got extremely lucky buying some houses in what was once one of the worst neighborhoods in Chicago and is now just about the best. Houses that we bought for 60k and are now worth 2.5mil.

    Really? What did you do, remodel them from solid gold?

    You, and arrogant fucks like you, are why the housing market is shambles.

  319. Orwell understood by mercurywoodrose · · Score: 1

    "If you want a picture of the future, imagine a boot stamping on a human face — forever." god help us.

    --
    You hear about the person who didn't rely on anecdotal evidence to support his belief system?
  320. GEORGE SOROS is behind Occupy Wall Street! by Anonymous Coward · · Score: 0

    GEORGE SOROS is behind Occupy Wall Street!

  321. ... with considerable amusement ... by RockDoctor · · Score: 1
    ... and from a considerable distance.

    Well done, wage-slaves of the US, you're finally starting to understand what Marx and Engels were talking about.

    Now get your asses back into the salt-mines, or the dogs are going to eat well tonight.

    --
    Birds are not dinosaur descendants;birds are dinosaurs, for all useful meanings of "birds", "are" and "dinosaurs"
  322. First Advice to Occupy Wallstreet by diogenesthe99 · · Score: 1

    Break the chains of the right left, us versus them, paradigm. It will only serve to distract. Do not allow yourselves to be taken over the democrats/republicans, down that path lies failure. Beware instigators. There will be those who will try to convince you to commit violence, vandalism or other illegal acts. Shun and ignore them. Realize that the media will try to make you appear illegitimate. Defeat their attempts by doing nothing illegitimate. First they mock you... Avoid issues of emotion and divisiveness, focus on that which unites you. The media, which is the tool of the enemy, keeps the masses focused on issues like gay marriage, abortion, socialism. While these issues are important to many, those battles are for later and in many cases are impossible to resolve in todays world. Find mechanisms by which the common man identifies with you. If they see a person in khaki's and a polo, someone like them, being maced the outrage will grow. Find a few uniting issues that EVERYONE will get behind. For example: - The federal reserve system fosters corruption and the redistribution of wealth from the many to the few. It must be abolished - The large international banks are the enemy. Throughout history those who inspire and are admired have fought the international bank. Emulate them. - The wars are the tools of the banks, who fund both sides just like they profit on both sides of each bubble. They care naught for the deaths of our troops, or the civilians of other lands. - Glass–Steagall must be restored. This is one of the main tools by which the banks defeat us. There will be more. Diogenes The 99 h t t p : / / d i o g e n e s t h e 9 9 . b l o g s p o t . c o m /

  323. Netpolitik by Anonymous Coward · · Score: 1

    I've been covering the OWS movement from the angle of the power of the net and electronic democracy. I've dug into pros and cons, picked what I liked best but with an eye towards information and media distribution.

    The OWS people are open-sourcing. The First Continental Congress did much the same thing for 51 days; brought up broad acknowledgements, horse-traded, refined and hammered out some basic operating system functions. They DO have several pinpoint agendas, despite what most Lamestream Media pushes. And yeah, they ARE college kids; a few of them I've listened to are economics grads and post-grads. They do have several "planks" in the refining stage; a lot of them are mentioned in several posts here: Glass-Steagall, revoking the legal fiction of corporate "personhood," etc. and there are good solid reasons for those choices.

    What's been more interesting to me is their mapping of the "media network" and which nodes are completely compromised (ones you wouldn't think) and which ones are surprisingly open (the Guardian, RT and Al Jazeera). Leveraging the "social media" tech. Watching hashtag and email nonsense and censoring (oops i mean "mistakes in the filters").

    They are forming their "central platform" like assembling code: starting out with basic chunks and adding in the polish and extensibility. They are multiplexing the democratic consensus, and that is fascinating to watch; it's also pen-testing the social media space.

    The incredible discipline to keep out "the little black anarchy brothers" and remain peaceful (sure they're shouting; they're protesting) is in itself an amazing demonstration of human potential to be more than just a mob of "I got mine,screw you."

    A very interesting experiment in human-tech hybrid social networking.

  324. Angry?!? Hell, no! by tqk · · Score: 1

    I view it as a continuation of the Arab Spring. I think it's exhilarating to see so many individuals the World over stand up on their hind feet demanding this stupidly broken situation be fixed.

    Democracy's death and rebirth?. Ignored, sadly. Damnit.

    --
    "Tongue tied and twisted, just an Earth bound misfit ..." -- Pink Floyd.
  325. To get through to them, fuck with their money. by Anonymous Coward · · Score: 0

    We already know the answer when we ask the rich 1% for a fair shake - they laugh and blow Cuban cigar smoke in our faces.

    Well, we used to take a more direct approach. We used to have strong unions in this country, and they fought, sometimes physically, at one point in an all-out shooting war (Google the Battle of Blair Mountain...) for economic justice against the owner/bankster class. When a factory abused and underpaid its workers, they went on strike, which boils down to "Treat us right, give us decent wages and working conditions, or we'll bankrupt your company!" And it works! When hard cash is on the line, the one-percenters change their tune.

    That's what we're going to have to do. Street theater isn't going to move the bastards. I recommend doing what they do in France - blockading roads & fuel depots, shutting down government services, turning the entire country upside down. General strikes can bring down governments.

  326. Re:Kent State by Anonymous Coward · · Score: 0

    Sorry, but the reference to Kent State is not appropriate.
    You are referring to an era where there were real problems: protesters were causing actual damage to college campuses in their protests. They were NOT peaceful protests. That said, the shootings were unfortunate and unintended. Do not make more of this event than it really was.

  327. The best part about the protests? by toddmbloom · · Score: 0

    I'm sure half of the people involved will still vote for President Obama in 2012 (I'm neither for Obama or whoever the Republican is).

    The whole notion of getting worked up over politics is silly - why bother, nothing will ever change. Why not spend your life doing something fun rather then worry about something that just involves two sides arguing back and forth while nothing gets done.

    I voted for the first time in 2008 and look what it did - nothing. Yeah, I don't think I'll be wasting my time again next time. :|

  328. Toolbags by Anonymous Coward · · Score: 0

    I think they are tools; most have NO IDEA exactly why they are protesting, unless it's a "gimmie mine" thing.

    It's been said before: what are the basis of their complaints?

    What are they trying to do? What happens if the majority don't agree?

    Pissing-off the populace that has to get to work doesn't help their cause.

  329. Fix humanity by concealment · · Score: 1

    What did Wall Street do to me this week?

    (1) Some guy cut me off at 75 mph this morning, almost causing a massive accident on a crowded freeway.

    (2) At work, they promoted an incompetent because she has friends in the sales department and has worked there for 15 years.

    (3) Someone put a bag of trash in the back of his pickup truck and got on the freeway, where the wind neatly lifted it out of the back and dropped it in front of a semi. Now trash litters the countryside.

    (4) Someone else broke into my neighbor's car and stole a $10 pair of sunglasses (value is approximate, probably high).

    (5) At the apartment building across the street, they keep having parties where people throw beer bottles into the street below.

    Did Wall Street do all of this?

    I think humanity as a whole exists in a moral vacuum, and that's a bigger problem than a few people making billions. At least in my city, there are still good jobs to be had.

  330. Pareto distribution function by fritsd · · Score: 1

    I'm guessing you're looking for the Pareto distribution probability density function which indeed sounds a lot more posh.
    BTW: Its parameter \alpha is related to the Gini coëfficient.

    --
    To be, or not to be: isn't that quite logical, Slashdot Beta?
  331. Re:Start with Congress by ebvwfbw · · Score: 1

    The first step will be to get Congress to be subject to the same laws that they pass for all of us. For example, they are NOT subject to Obamacare. Not subject to Sexual Harassment. One term in Congress? You get a pension at your current pay rate for life. This is all BS. I suppose you could call them Royalty. I could see if a Congressman has been there for 40 years, give him the 80%. There won't be that many of them. But one term? Please. Also, take their publicly funded jet rides. They think that Corporate people don't need them, they don't need them either. Take a commercial jet.
    Then move onto how public CEOs can rob a company blind, and get away with it. HP is a good example of how they hired a European, he came over and ran it off a cliff to get fired, and since he's being fired gets his 4 million severance pay in addition to many other things. HP was really taken for a ride. They are taking as much as they can as fast as they can. Many of you say the stockholders can stop it. I've been one for years. They don't care at all what we think. They can do as they please, and do. Drain pension funds, health care funds, etc.. Yet I don't want to hit guys that busted their balls to create a company. They should get rewarded. I.e. the late Mr. Jobs for example. Love him or hate him, he should have been rewarded.

  332. Re:Sick of it... by GameboyRMH · · Score: 1

    Fair share? How about starting with the same percentage the middle class pays and going from there? That's on capital gains and everything, close all the loopholes. Or just roll back to something resembling JFK-era tax brackets, seems like a good idea.

    --
    "When information is power, privacy is freedom" - Jah-Wren Ryel
  333. Re:The whole concept of 1%/wealth is ... irrelevan by qpqp · · Score: 1

    You're not 100% correct, my middle-aged friend.
    The thing that you're overlooking is that there exists another 1-10% somewhere that have to live without anything: without education, homes, income, food, water, medical assistance, etc. (Without going back to sources, I'd say that "1-10%" is probably around 50% of the world's population.)
    The system is broken in the respect that many of the remaining 99% (or even you) have (or had) to spend considerable amounts of time working their ass off for under 20 Euros or Dollars an hour *just* to be able to cover their most basic expenses, without having the opportunity to save up!
    Another point is that if you want to be a decent, ethical human being, it is especially difficult to save up without putting someone else in debt (be it monetary, emotionally or time-wise).
    There's a balance, which was broken under the promise of "it's just for a bit, until we get out, then we'll put everything back where it's supposed to be".
    Unfortunately, the bit turned out to be over a life-time and the heirs failed to understand where "it's" supposed to be or to honor their (grand-) parents' agreements.

    We are arriving at a point where we can't fix things locally without arousing the anger of others who have less. I.e. "What?! They're protesting for bigger SUVs?! Let's send some planes/bombs/bad mood/whatever!".
    We can only fix this by understanding our mistakes and taking the time to learn about ourselves. For instance, by admitting our weaknesses (i.e. greed and jealousy) and setting up barriers to prevent us from being put in positions, where such lowly emotions can put us or others in any danger.

    Stop hiding behind your house, cars and other achievements, if what you really did was sell your dreams and soul for shiny things of little value.

    Take your time to enjoy a friendly conversation or set up your tent on my lawn if you like it here.
    I won't be able to take it with me where I go, but I can use it to make people happier while I'm here!

    Now, stop acting like a robot and go out hiking! Go travel! Have a look at what nature has to offer and understand the cyclical relationships abound to free your mind of all those little material things that you mistakenly call wealth!

  334. Re:The whole concept of 1%/wealth is ... irrelevan by johnlcallaway · · Score: 1

    What these kids want is things given to them, it's not quite the same thing. Most kids growing up don't graduate from high school and then immediately move out. Our kids did not 'depend' on their parents helping out. Both starting going to school without parental help using savings plus I gave my daughter half of the child support I was paying for one semester before she dropped out for awhile. When she went back, ASU had raised their tuition 100% in a little over 7 years. My 'helping out' was only a few grand, no where close to the total amount. I have no idea what his parents have done, but I know he had far more in savings than my daughter did and makes a fair wage as a cart race car instructor.

    'Offering' to help is not the same thing as 'depending'. My daughter and I had an understanding, as long as she either had a job or went to school, she could live at home. It doesn't really cost much when your child has a job and pays for all of their expenses to let them live in a room, maybe $20/month for water and electricity. She had her own car (new, I might add) and rarely ate at home at first because I was a single dad and not big on cooking.

    Sorry you had parental issues and your parents didn't 'offer' to help you. I only assume that based on the vitriol you are spewing.

    --
    I rarely read replies, it's my opinion and if you thought about your opinion a little more, I'm OK with that.
  335. Re:The whole concept of 1%/wealth is ... irrelevan by johnlcallaway · · Score: 1

    Did you even read what I posted?? She lived with me, she didn't need rent. She had a job, I didn't pay her bills. It took me 25 years to get to 100K, my daughter started as a dog bather and is well on her way to being able to run her own business. She stands a good chance of being able to surpass my income someday.

    Only the unmotivated and lazy don't know how to start at the bottom and work their way up. Those opportunities still exist, I've seen them at companies I have worked for. But it was the smart, self-motivated people that did it.

    And if someone isn't smart or self-motivated, then they earn what they deserve to earn and need to face up to it.

    --
    I rarely read replies, it's my opinion and if you thought about your opinion a little more, I'm OK with that.
  336. and thats bullshit by unity100 · · Score: 1

    because, if you live under worse conditions than a serf compared to its times, then it doesnt matter what you are named.

    1. Re:and thats bullshit by phantomfive · · Score: 1

      And you are a complete moron. In fact it is hard to describe how moronic you are. You'd rather live as a serf because of INEQUALITY? You should go protest down on Wall Street, you will fit right in with the other people who say idiotic things. In fact, I would love to hear you on TV saying that you would rather live as a serf. It would be a great frosting on the mix of craziness. You could be right after buffalo guy, saying you wanted to live as a serf. Keep up the good work.

      --
      "First they came for the slanderers and i said nothing."
  337. Fuck the Jewish Bankers by Dainsanefh · · Score: 1

    That 1%, 99% of them are Jews.

    A patriotic form of socialism, known as National Socialism, is what we need in America NOW!

    --
    Twitter: @dainsanefh
  338. Confucious quote by Dainsanefh · · Score: 1

    Support anything that your enemy is against, Against anything that your enemy supports.

    --
    Twitter: @dainsanefh
  339. Debt is money by Anonymous Coward · · Score: 0

    While all that is good advice, there is more you should know about debt, it is the very foundation of our civilization. Watch this document http://www.zeitgeistmovingforward.com/

    (it's legal and zero cost to do so)

  340. Re:Mindless dupes of a well financed astroturf out by Gryphn · · Score: 1

    Do you have actual evidence for this claim (other than your vivid imagination)?

    --
    Fantasy and superstition should be used for entertainment purposes only.
  341. If I was a 1% at one of these protestors... I'd by tjstork · · Score: 1

    Be so laid.. That's why it's good to be a 1%..everyone sells out and it makes everything better. So screw an even 100%, or a fair society. I want to be a 1%er...

    --
    This is my sig.
  342. Even if you are among the 99%... by jafac · · Score: 1

    . . . in the US, you are among the top 1% in the world.

    While - this is not strictly "true" . . more likely, you are among the top 2-5%. . . this is a very important point to make. And it's not a point to say. . . "you are just a whiney bitch" - NO.

    It is a point to say: keep your eye on the prize. Or, at least know what you are really fighting for.

    You are not fighting to regain, or maintain, the standard of living that your parents had, or that you used to have.
    That standard was an illusion. It was not sustainable, and it was obtained at the expense of the poverty and suffering of the hundreds of millions of others in the world.

    Simply feeding them, in the past, may have made us "feel better". And it drove up their population, and made their problems worse.

    What we should have fought for then, instead - - - what we need to fight for NOW - - - is equality, and social justice. Real, lasting, sustainable solutions to these problems.

    The #1, first and foremost goal; I believe, is to GET MONEY OUT OF POLITICS.
    Eliminate the Money=Speech fallacy.
    (I have a strong pro-freedom streak running through me - but there is something wrong with this logic that private money, which can be controlled by private hands, is equivalent to public, political discourse, access to influence the system, right to assemble, and representation. Our mass-media is corporatized, monetized, monopolized, and regulated, and there is NO way that this is equivalent to "free speech") - the more we de-regulate campaign financing, the worse this problem gets. This must be stopped, and soon. Everybody deserves a voice. Everybody has a right to speak. But the money has to STOP. All of it.

    --

    These are my friends, See how they glisten. See this one shine, how he smiles in the light.
  343. Wrong target by marty23571113 · · Score: 1

    The portesters not only don't have a unified agenda but they are protesting the wrong organization. They should be protesting the Federal Reserve and/or Treasury. Although they may be controlled by the 1% the relative size of the assets and power of these agencies are far greater. - and of course the Fed can print cash. It h ad been revealed, without contradiction by the WH that Mr Geithner (sic) does not implement the directives of his boss out of course he came from the NY Reserve Bank. The new head of the NY Fed gave a "speech " to a crowd some time ago in which he said that things were getting better because the prices of iPads was going down. To which somebody replied "Great - but you can't eat iPads"

  344. Selfish by Anonymous Coward · · Score: 0

    I actually am pretty happy to see people taking action against the type of expanding economic divide between rich and poor that is characteristic of every economy throughout history up to this point. The idea that one person can have enough wealth to feed hundreds of thousands of people is absurd and the persistence of the idea that the person could be deserving of this amount of wealth is incredible. The sad part is that the poorest Americans are usually richer than many other people worldwide. Countries who are exploited by countries with wealth in the same way that citizens of the US are being exploited. The sad fact is that people are usually very selfish. This is both the reason for the exploitation and also why we haven't seen any of this sort of level of activism up to this point. As long as people are given their bread and carnival they see no reason for change. There have been a lot of victims outside of the US that have never been heard here and don't live anywhere where they can camp out to be heard. Who's fighting for them? Let's hope when we get our due riches back we don't become complacent again and have to watch this tragedy unfold one more time.

  345. The Worst Thing in the World by Deliveranc3 · · Score: 1

    Is that wealthy people can hire smart people to THINK for them.

    This can easily be resolved by always working for more people than are doing the work. Virtue Q.E.D.

  346. In Support by Anonymous Coward · · Score: 0

    Living in Seattle I am definitely quite far from New York; however our small protest happening here had many things happening that makes me think this may have a chance

    1) During the middle of the day you can see the real diversity. There people of all races, age, ethnicity, income and employment status and different types of goals. This is a strength in my opinion, there is no alienation. There is no reason a person who identifies with the Tea Party cannot also join in...mind you most people present were liberal, but you did see a few conservatives about.

    2) The unions are supporting this (finally). The way they are supported, however, has fundamentally changed. They are not the leaders, simply participants. To me, this strengthens the purpose of a union. The union brings strength, power, and passive leadership to the group and allows the consensus to lead the movement.

    3) At least in Seattle, with the exception of the hundred or so "campers" most people were joining in after a long days work, after looking for a job all day OR were retired and wanted a future for the next generation. This is a definitely a working class issue and most people these days fall into that category.

    4) The need for set goals is not necessary...yet. Right now it is far more important to build support and consensus. Once the strength and power is there, the goals can be hashed out and accomplished. The general goals of corporate accountability and reforming the system are present, the details can wait until we have a "show of power".

    I also feel lucky to live in a city where the Mayor supports the cause and even spoke at the protest. I am inspired by what is happening in New York and hope this grows over the next few weeks and months.

  347. Re:Mindless dupes of a well financed astroturf out by ScentCone · · Score: 1

    Do you have actual evidence for this claim

    Yes, the very same evidence you have (but which you would appear to be anxious to avoid!). Just look at the laundry list of lefty organizations now carrying signs around all of those locations. Follow the money, via their web sites, right back to Tides and several others. MoveOn operates with millions of Soros' dollars, and they're now in the thick of it. Good ol' "AdBusters" (partly financed by Soros) was one of the originators of the whole "occupy" meme, and is busy cheerleading on the topic from Canada.

    You can't swing a dead cat at one of these Eat The Rich events without hitting some drone who works for an entity founded or funded by Soros (himself, of course, an extremely rich person, guilty of insider trading and currency manipulation and worse). The irony is great, but unfortunately, he has an actual, toxic agenda, and these people just eat it up because he makes sure they all get t-shirts with logos on them. Alas, he's not writing checks to the restaurants whose restrooms are getting trashed by all of these people. No, those pizza shop owners are The Man, and should torn down! Down with eeeevil business owners, as soon as we use up the rest of their toilet paper, man!

    --
    Don't disappoint your bird dog. Go to the range.
  348. quick thoughts by knal · · Score: 1

    This is a pity party whipping people in a tough time into a frenzy. It is all emotion and little thought. The point appears to be to punish someone regardless of law. I might take it seriously when it isn't an emotionally driven vendetta and is actually a discussion about fair taxation and regulation. Till then every dollar you spend is a vote for how you want us to proceed. I am not buying Ben and Jerry's for awhile because I feel they are cashing in on this hate spiral.

  349. Re:Sick of it... by arbarbonif · · Score: 1

    The only actual people I've gotten jobs from are family (did some babysitting when I was younger). Since then I've only been employed by corporations, which are not people. Those corporations also employ founders/CEOs/other executives that get paid way more money that me for some nebulous job that I have never had satisfactorily explained to me. Hell several of my friends are employed by corporations, that they are the only employee of, that contract their work to other corporations.

    The people that get paid the most in the corporation that I work for did not hire me, do not know my name and do not understand what I do. My hiring involved at least five separate people (most or all I get paid more than).

  350. Hmm, let's see... by Anonymous Coward · · Score: 0

    Before this the last protesters we saw were the tea partiers. They yelled racial slurs. They brought guns to townhouse meetings about HEALTHCARE. They scream on Fox News and they seem to have all the money in the world despite being rednecks and jobless blue collars (which makes me wonder how many of them are actually who they say they are).

    And now, we have positive protesters who are peaceful, just staying there with signs and music and chanting and such. They might not know how to fix it, but at least they're asking for positive change and not being jerks. What happens to them? They're vilified and struck back at by the violent, hateful people who acted like idiots before. They become the same "hippies" who are vilified by certain parts of the political spectrum for protesting in the 60s.

    So we vilify the peaceful "hippies" and claim the "right to protest" for the racists and gun-toting loons. What's wrong with this place, and why the f*ck am I still here?

  351. no you are the moron here. by unity100 · · Score: 1

    For, you are saying that you are ok now despite you are WORSE OFF than a serf in all kinds of things. just because you are titled 'free'.

    you are not. your wealth is worse off than a serf, and now EVERYTHING in your society is tied to how much wealth you can spend. if you dont have the money to do something YOU DONT HAVE THAT FREEDOM. even if they allow you.

    moron. people like you, who cant see past the illusion through the practicality of things make world worse off.

    1. Re:no you are the moron here. by phantomfive · · Score: 1

      For, you are saying that you are ok now despite you are WORSE OFF than a serf in all kinds of things.

      No, no. I am better off than a serf in nearly every way. I just spent the last hour applying gold-leaf to my living room lamp, as a personal craft. What serf could do that? I am easily in the top 1%. Wealth inequality is at best only a single component of social justice.

      So, what you are saying is, you actually WOULD prefer to be a serf?

      --
      "First they came for the slanderers and i said nothing."
    2. Re:no you are the moron here. by unity100 · · Score: 1

      No, no. I am better off than a serf in nearly every way. I just spent the last hour applying gold-leaf to my living room lamp, as a personal craft. What serf could do that? I am easily in the top 1% [globalrichlist.com]. Wealth inequality is at best only a single component of social justice. So, what you are saying is, you actually WOULD prefer to be a serf?

      the value and accessibility of gold leaf you applied to your ramp in your, fool, cannot be compared to the value and accessibility of gold leaf back in middle ages.

      you dont even know the relative value of economic items change according to which period you are examining, due to the size of the economy at that point in time, and the level of technology available.

      just because gold is more accessible and cheaper COMPARED TO the size of economy and technology level than it was in middle ages, does NOT mean that you are taking more of the share of TOTAL ECONOMY and amenities you have in your OWN TIME, than a serf.

      if you looked at it, a king in middle ages had to crap outside.

    3. Re:no you are the moron here. by phantomfive · · Score: 1

      It doesn't matter: would you rather live as a serf or as a modern American? That is the question.

      --
      "First they came for the slanderers and i said nothing."
    4. Re:no you are the moron here. by unity100 · · Score: 1

      i would rather live as a serf. the modern american is only free in title. he doesnt have the freedoms or wealth a serf enjoys.

    5. Re:no you are the moron here. by phantomfive · · Score: 1

      To each his/her own. But I do believe you are lying.

      --
      "First they came for the slanderers and i said nothing."
  352. some weirdo says... by Anonymous Coward · · Score: 0

    Democracy, In its purest form, would have the people would vote directly on the issues.
    People agreeing or disagreeing on an idea, and basing policy around that concept.
    In the past, there was no form of communication available to allow everyone have their say at once.
    So we, the people, hired someone to represent us while we kept busy at work and life.
    That guy realized nobody was watching, and sold the will of the people for cash payments to whomever would pay.
    We need to cut the corrupt middleman. We spend all our time talking about people and not debating ideas.
    I don't want to vote for some douchebag I don't know.
    I want to vote for my stance on things.
    I want to vote on ideas.
    Ideas '2012.

  353. Re:some of the stories don't help.... by roc97007 · · Score: 1

    Yes.

    --
    Oliver's law of assumed responsibility: If you're seen fixing it, you will be blamed for breaking it.
  354. Victimized? by Anonymous Coward · · Score: 0

    These demonstrators are being victimized by those behind the scenes of the demonstrations. The Unions, the socialists, and even the administration, but they and we are not victims of industry. Crony capitalism, but not capitalism, and this administration is one of the worst for that. Some of them are against capitalism but that is where we disagree. They are upset about the inequality of who makes the most money. Me? I could care less that there are people out there that make many times what I did when I was working. I had a good paying job that allowed me to invest. Being able to invest allowed me to set up a good retirement where SS only makes a good supplement. I'm not rich, but by working hard I was able to achieve my goals and live life as I wanted. One of their demands is free college education. I quite a very good paying job after 26 years to go to college, Get a good, meaningful degree with good grades and once the economy recovers there will be jobs. Take blow off classes and your future is pretty well assured as being "just one of the bunch"

    The demonstrators irritate me as they have no real coordinated, coherent message. Many of the things they complain about make me angry as well, but could be addressed in much more effective ways. They are just making a big mess which detracts from what they want to say. Some compare them to the tea party as many of their goals are similar, but those people had peaceful demonstrations of a set length and they left the places cleaner than when they arrived. They also irritate me because they should be demonstrating against the administration as well as the big government politicians who practice the crony capitalism and over regulate small businesses to the point of reducing jobs, which is the worst thing they could be doing in this economy.

    IOW I view them as a bunch of misguided kids (and some over age kids) who are being manipulated.

  355. Re:some of the stories don't help.... by Dahamma · · Score: 1

    After their sugar daddies told them to vote for it, of course - Wall Street controls Congress, not the other 99% of the voting population who "elected" them. Back to point ;)

  356. Re:Sick of it... by NoOneInParticular · · Score: 1

    If I recall correctly, the financial insitutions were on the verge of forcing an economy shutdown by killing all liquidity. If the government would not have stepped in, within weeks the first healthy corporations would have missed payroll because they could not get any form of credit. With healthy corporations falling, he economy would soon collapse. These companies need credit because their assets were tied up in more profitable venues, exactly as the financial industy dictates. The financial industry, scared by their own failure, refused to do their job. The government decided to give free liquidity to the financial industry, begging them to do their job. Even forcing them to do their job. I think that was a mistake. The government should simply have saved the economy by stepping in, and giving out loans to corporations (forming a national bank), and let the financial industry rot until they wised up again.

  357. Whence OWS? Repeal Corporate Personhood! by Anonymous Coward · · Score: 0

    I have not read all of the many interesting comments here, but a text search tells me that no one has yet mentioned the issue of corporate personhood yet; but it deserves mention, because it is the Achilles heel in the legal armor that corporations have used to rise to prominence -- and deserves to become a more prominent part of the hue and cry at OWS events. (I've seen it as part of their demands, but not very prominently.)

    This singular fact is well known to some in the progressive activist community -- Thom Hartmann, Amy Goodman, Dennis Kucinich, Chris Hedges, Van Jones, to name a few -- but not to the mainstream media, much less the American public. The main activity center trying to raise awareness about it is the Move To Amend group (see movetoamend.org). They sprang into existence in Feb 2010, the month after the disastrous Citizens United decision, but it has some deep activist roots behind it, in their main spokesman, David Cobb. Their goal was to grow a nationwide, grassroots campaign to get towns, then cities, then states to begin passing referendums that state, to the effect, that they agree a US Constitutional amendment should be passed that says (1) money is not speech, and (2) that corporations are not entitled to constitutional rights. This is the only way to reverse Citizens United (as the justices are unlikely to reverse it themselves, though it was a close 5-to-4 decision.) Once hundreds of communities have passed such a referendum, it can become a state level issue, then a national one. They acknowledge the path to adopting a Constitutional amendment is a long and difficult one; the last attempt to do so in this country, the Equal Rights Amendment for women (ERA) was a long, hard fought battle that came within a whisker of passing, but ended in bitter defeat.

    Now comes the OWS phenomena, catching on like a prairie grassfire, ignited by a common awareness of the injustice of our economic structure. But I cannot see how it will amount to anything unless it results in political action. And the legal and financial fortresses of the corporate giants are strong, unlikely to be taken by frontal assault (indeed, American history is replete with examples of where the state crushed violent protest with even more violent suppression, whenever private property was threatened). No, this will require a smart fight, an intelligent fight; and like any good fighter, a knowledge of your opponents strengths and weaknesses.

    Corporate personhood is this weakness. It is through the claiming of constitutional rights since the post-Civil War era (read Thom Hartmann's book "Unequal Protection") that corporations have steadily built up their legal case to weaken, if not defeat, the controls imposed on them through statutory laws and regulations. My own hope is that some of the energy swelling up behind the OWS movement will gain this awareness -- and help to shorten the path to such a constitutional amendment.

  358. no by unity100 · · Score: 1

    im serious. if i limit your freedoms to a lower level than a slave due to ANY means, but tell you you are a free man, does it matter zit ?

    1. Re:no by phantomfive · · Score: 1

      heh, ok, so lets look at this in terms of freedom. Do you really think serfs were more free than you? In those days, if a 'noble'man want to kill a serf, or rape her, he could, with no problems. It was completely legal. Now we make at least an attempt to make justice blind. In those days, you belonged to your master. If you wanted to become a blacksmith, it was not always easy to follow your will.

      What about the Soviet Union? Do you feel they were more free, since they were much more equal?

      --
      "First they came for the slanderers and i said nothing."
    2. Re:no by unity100 · · Score: 1

      heh, ok, so lets look at this in terms of freedom. Do you really think serfs were more free than you?

      yes. they had the wealth to do things. they were limited on what they could do by law. now, we are not limited on what we could do by law, but we are limited by wealth. it is a freedom only in appearance. richer you are, freer you be.

      In those days, if a 'noble'man want to kill a serf, or rape her, he could, with no problems. . It was completely legal.

      wrong. please dont talk without knowing shit. there was no such thing. read what "common law" of medieval england is.

      In those days, you belonged to your master.

      wrong. feudal contract loaded more obligations to lords than the capitalist social contract loads onto the rich now. nobles were expected to go and die in the wars. they were considered tenants in king's lands, and they were in turn landlords to their tenants, from their underlords, small nobles to serfs. everyone had their obligations. any lord was obliged with making sure of livelihood of serfs in his land. leaving these contracts unfulfilled invalidated oaths of fealty to the lord. whatever level that may be.

      If you wanted to become a blacksmith, it was not always easy to follow your will.

      that was due to guild structure. and it was not something that is the product of feudalism, but late roman emperors. ironically, the nation and culture america has always been modeled after, from its political systems to its architecture.

      now, you are free to become a blacksmith. but can you ? you are limited in practice.

      What about the Soviet Union? Do you feel they were more free, since they were much more equal?

      actually they were much more free than us. they were politically limited, and their movement was limited. but, the amount of time they had in their hands for leisure was phenomenal. writing, arts, literature were common activities among the populace back in those days. all the while americans were rotting their lives away in front of tv screens of 1950s.

      they were limited in those things, but actually when the other respects of the system are considered, the limitations become hazy - the state would appoint you to jobs, but you would decide what you would become. you could go and enter exams of a certain university/branch, and if you win, you would just study there, graduate and do that job. you had no worries of livelihood, survival, tuition and so forth. in america, currently, you have to not only qualify for the college/university you are applying, but also come up with the cash to pay it, AND then whether you will actually find a job in your field is questionable.

      political freedom was limited. but, the soviet system was ironically one with more federalization and democratic participation than current usa, or even switzerland. there were assemblies in every level ranging from municipal to state, from state level to federal level, and each of them were democratically elected, in turn electing their executives. so if you wanted, you could just participate in democratic system and implement what you wanted.

      but, the deal is, participation in the system was as low as america. so, those participated had the control. and, if the situations and times were tense, like 1917 and on (leader of the free world britain landed with 18 other countries in order to suppress the populace and reinstall the czar back in 1917-1918) and immediately after world war ii, psychopaths and sociopaths always got ahold of the country due to the environment of fear.

      actually, at 1917 revolution, the motto was peace at home, peace abroad. they immediately declared peace with everyone and denounced any kind of wars. but then, british happened. and 18 other countries as her allies, came to reinstate tzar and aristocracy. when failed, they funded civil war with gold and arms. made white russians kill

    3. Re:no by phantomfive · · Score: 1
      Well, such a long post deserves a careful response.

      Look at this oath people made when becoming serfs, does it sound like freedom?

      "By the Lord before whom this sanctuary is holy, I will to N. be true and faithful, and love all which he loves and shun all which he shuns, according to the laws of God and the order of the world. Nor will I ever with will or action, through word or deed, do anything which is unpleasing to him, on condition that he will hold to me as I shall deserve it, and that he will perform everything as it was in our agreement when I submitted myself to him and chose his will."

      wrong. please dont talk without knowing shit. there was no such thing. read what "common law" of medieval england is.

      I don't know where you are getting this. I got my information from a Scottish castle I visited, with different jails for upper-class and lower-class. The upper class jails were only for crimes committed against other upper class people. Also consider stories such as Fuenteovejuna, where the Comendador certainly abused his serfs, and no one cared (except the serfs themselves, of course).

      now, you are free to become a blacksmith. but can you ? you are limited in practice.

      Yeah I can, lol, it's not too hard. Although there isn't much demand for blacksmith products now, which is fine, it's kind of a labor-intensive way to make things.

      there were assemblies in every level ranging from municipal to state, from state level to federal level, and each of them were democratically elected, in turn electing their executives.

      Yeah, they were democratically elected, but there was only one candidate and that person was appointed by the party in power!

      but, the deal is, participation in the system was as low as america.

      What? Voter turnout in the Soviet Union was at 99.99% Everyone participated except the bourgeois swine.

      the amount of time they had in their hands for leisure was phenomenal.

      Was it? They had 41 hour work weeks. You could easily have more free time than that in America if you were willing to live by Soviet living standards.

      writing, arts, literature were common activities among the populace back in those days. all the while americans were rotting their lives away in front of tv screens of 1950s.

      Come on man, those Americans weren't forced to watch TV, it was their choice. You can't say someone is un-free just because you don't like the choice they have made. Be intellectually sound.

      your job ended at a certain hour, you would go to your home, your friends, and make music (most of them engaged in classical music) or write, or read poems or engage in other arts and literature

      Yes but, I do this, in America, I don't see what your problem is. Are you upset that your fellow-citizens are culturally deficient, and don't understand great literature or music? Well that is understandable, but it is not a matter of freedom.

      you had no worries of livelihood, survival, tuition and so forth. in america, currently, you have to not only qualify for the college/university you are applying, but also come up with the cash to pay it, AND then whether you will actually find a job in your field is questionable.

      See, I think this might be your real problem, you want someone to take care of you. It is true in America you have to chart your own path, and take care of yourself. If you choose to not work be a homeless bum, we'll feel sorry for you, but it's your choice. No one will stop you. And it is scary to have to take care of yourself, especially at first when you don't know how to do it very well. But having to take care of yourself doesn't mean your freedom is limited.

      --
      "First they came for the slanderers and i said nothing."
    4. Re:no by unity100 · · Score: 1

      Well, such a long post deserves a careful response. Look at this oath people made when becoming serfs, does it sound like freedom?

      oooof course it doesnt. but compare it to the citizenship oath that is taken in countries of today. and then compare the consequences AFTER. the serf enjoys a share of the economy of his time not only double the contemporary citizen, but also his ass is secured, his livelihood is guaranteed. and he has various rights against his lord, that the citizens of today do not have against corporations or the rich.

      I don't know where you are getting this. I got my information from a Scottish castle I visited, with different jails for upper-class and lower-class. The upper class jails were only for crimes committed against other upper class people. Also consider stories such as Fuenteovejuna, where the Comendador certainly abused his serfs, and no one cared (except the serfs themselves, of course).

      class discrimination was always there. nobles and serfs were treated differently. actually at times nobles were treated much more harshly due to rivalries and political circumstances, however yes, class discrimination existed.

      fast forward to today. how many rich stockholders have you seen to get into jail ? how many wall street banksters got into jail ? even nobles of middle ages faced heavy prosecution from their lords if they screwed a major battle or a political situation or depleted coffers. what happens now ? nothing.

      as far as abuse goes, corporate clauses and environments carry much abuse today. even if its not gallows and torture right ahead. im not going to get into government torture.

      Yeah I can, lol, it's not too hard. Although there isn't much demand for blacksmith products now, which is fine, it's kind of a labor-intensive way to make things.

      no you cant. even if you dont have a family, kids, anyone to take care of, you will probably not be able to spend your accumulated wealth (if there is any) while you are trying to start blacksmithing career. and due to the capitalist environment created hardships, if there is any money to be made there, you can bet that many people attempted it. not because they like it. but because they need it. so, you will probably have to fight for your survival while trying to be what you want to be. that is, if you can make out a living. and even then the standard of your living will be questionable, and you will be hard pressed to consider starting a family with your situation.

      Yeah, they were democratically elected, but there was only one candidate and that person was appointed by the party in power!

      that is not correct. there were multiple candidates. it is possible that the factions in the party agreed on one candidate, or put 2-3 candidates from their side beforehand. this is not too different in usa at all.

      What? Voter turnout in the Soviet Union was at 99.99% Everyone participated except the bourgeois swine.

      see, thats another problem. capitalist environment debased democracy so much that, when i say 'participation' you understand 'voter turnout'. i didnt at all mean that. i meant participation in the political SYSTEM as party members, representatives, agents. it was possible for everyone back then, even if you would naturally come against the obstacles that people who were there before you create to latecomers.

      Was it? They had 41 hour work weeks. You could easily have more free time than that in America if you were willing to live by Soviet living standards.

      there are many wrong approaches above. first, in america you dont have 41 hour work week. that is if you are in upper middle class. many people not only do overtime, but majority also have to juggle jobs or do overtime if they dont want to get in the red. legal workhour limit and actual always differs. it didnt in soviet union.

      second, 'sovi

  359. Let them eat cake by Anonymous Coward · · Score: 0

    The London stockbroker that commented "Goldman-Sachs runs the world" may have been uttering the 21st Century equivalent to "Let them eat cake". Human beings are very adaptable and resilient and can only tolerate so much arrogance and oppression. Human beings will be around longer than Goldman-Sachs. We should all turn off our TVs, take up gardening and spend more time with friends and neighbors. Skip your exotic vacation where you get frisked at the airport and put off buying a new car. Ride a bicycle. This will create a deeper recession? So be it. How long can our economies continue to grow?

  360. Re:Start with Congress by riverat1 · · Score: 1

    If you're going to be post stuff that is easily checked out you should get your facts right. The members of Congress get the same health care deal as all other Federal employees, no more no less. Congressional pensions are not as you say. To quote my cite: "For example, a member of Congress who worked for 22 years and had a top three-year average salary of $153,900 would be eligible for a pension payment of $84,645 per year." I'll give you the sexual harassment one. The only members of Congress I'm aware of that get publicly funded jet rides for normal travel are the Vice President (as presiding officer of the Senate) and the Speaker of the House who is 2nd in line for the Presidency and that is at the insistence of the Secret Service. All regular members of Congress such as my Oregon Senators and Representatives take commercial jets to travel between here and DC.

  361. Re:The whole concept of 1%/wealth is ... irrelevan by Ryanrule · · Score: 1

    She LIVED with you, fool. You were paying many bills. Stop being such a tosser and man up.

  362. Re:Start with Congress by ebvwfbw · · Score: 1

    If you're going to be post stuff that is easily checked out you should get your facts right. The members of Congress get the same health care deal as all other Federal employees, no more no less. Congressional pensions are not as you say. To quote my cite: "For example, a member of Congress who worked for 22 years and had a top three-year average salary of $153,900 would be eligible for a pension payment of $84,645 per year." I'll give you the sexual harassment one. The only members of Congress I'm aware of that get publicly funded jet rides for normal travel are the Vice President (as presiding officer of the Senate) and the Speaker of the House who is 2nd in line for the Presidency and that is at the insistence of the Secret Service. All regular members of Congress such as my Oregon Senators and Representatives take commercial jets to travel between here and DC.

    Ok, Let's start with the health care deal. Check out http://www.cbsnews.com/stories/2010/03/23/opinion/main6324480.shtml . You can bet, if they get it, others will too. The point is, if it is so wonderful, why the exemption. Perhaps all of those articles out there about this are just wrong? We would know if Obama really was as transparent about these things as he said he would be. Instead just yesterday I found out a couple of Congressmen want to introduce legislation to hide his stuff for many years. Used to be done with an exec order. Probably Way TMI for this discussion.
    Now, for the pension bit. Look at the article you cite. It says to take the top earning three years and average it. Then the formula. Then give the example for a typical career politician, which is actually a lot closer to a typical government worker. Same text I saw in a recent class about that. That third year for a Representative would be a zero. If you want the gory details and have a beer or two, here it is http://www.senate.gov/reference/resources/pdf/retirement.pdf . I called up my source on that. Turns out he was just wrong. Here's a better citation -http://www.senate.gov/reference/common/faq/retirement_for_members.shtml . You're right, I should have checked that one out better.
    The one I had in mind for the flights was Peleosi. It was quite a bill. As for a security issue, that's hog wash. http://voices.washingtonpost.com/44/2010/11/john-boehner-says-hell-fly-com.html . She abused it and she knows it. She also doesn't care. They are attacking General Aviation as a rich thing. It isn't. It's economical for time as well as tends to keep company secrets secret. Nothing can be done on a commercial jet other than as an executive mailing tube. You never know who is sitting next to you. Like the yatch industry they killed a number of years ago, they will probably do the same thing to the aviation industry. Remember the Yatch bit? You know, only "rich" people have them. Tax it. Rich people stopped buying them cold. BTW, according to recent stuff it seems that they may define "rich" as anyone making over $80,000. In Clinton's time I was able to defend the statement that "Rich" was making over $40,000. That was in 1993 dollars.

  363. Re:Start with Congress by riverat1 · · Score: 1

    It's the same exemption I'm getting because I get health care coverage through my employer, the same as all Federal employees, including Congress, get through their employer.

    Thanks for that Washington Post article. I learned something. I had heard that Pelosi, when she became Speaker said that she would be perfectly happy to fly commercial but they wanted her to be in an airplane where she had access to government communication channels in case of an emergency. It sounds like the Bush II administration could have denied her the jet if they had wanted to. As #2 in line for the Presidency I wouldn't begrudge any Speaker including Boehner using a military jet. They make a pretty big target if someone wants to try something.

  364. Re:Mindless dupes of a well financed astroturf out by tbannist · · Score: 1

    So... No?

    --
    Fanatically anti-fanatical