There have been a few comments on this on our various lottery posts, so I thought I'd create a standalone thread!
What do you think of Occupy Wall Street?
There have been a few comments on this on our various lottery posts, so I thought I'd create a standalone thread!
What do you think of Occupy Wall Street?
hostess / eggplant / 11068 posts
It might be just due to my ignorance but I'm indifferent about the whole thing. I'm not rich, I'm not poor so...I ignorantly go about my life. I guess I should educate myself a little better and then form some sort of an opinion. But meh.
squash / 13199 posts
I think its true that Wall street is getting richer at the expense of the those thats cant afford it. They were happy to accept giant bail out money paid by everyday tax payers and claim to be well educated and smart but arent willing to use basic common sense to come to the conclusion that they are being flat out greedy
Among the protestors, there are millionaires who are also in favor of the Occupay wall street movement and are willing to pay higher taxes so poorer people dont have to. So its not about rich versus poor. Its about a greedy and selfish minority versus the rest.
GOLD / papaya / 10206 posts
My thoughts on this are one big eye roll... but maybe I'm just too much of a capitalist.
wonderful clementine / 24134 posts
I have an issue with people saying they "deserve" to make more money.
Most of the rich have gotten rich by taking risks, working hard, spending/saving wisely and therefore they should have the rewards of all that. Its a free country and anyone can try to make millions if they so choose.
GOLD / wonderful apricot / 22646 posts
I saw this picture around FB and she summed up pretty much what I think of the entire OCCUPY wherever movement.
wonderful pomelo / 30692 posts
@Thehistoryofus: I don't think people are saying they deserve to make more money. They are saying that the wealthy don't deserve bigger tax breaks than the rest of us, and to be bailed out when they do take risks that don't pan out. The poor and middle class shouldn't be supporting the wealthy to make foolish decisions. Occupy Wall Street just wants the uber wealthy to chip in a bit more - at least their fair share, but possibly even more so since they can afford it. Many wealthy agree with this as well.
GOLD / squash / 13464 posts
@mrsjyw: LOVE this!!
As I said on another thread I don't want to get started on this because I have really strong feelings. But suffice to say I don't agree with the movement.
wonderful pomelo / 30692 posts
@mrsjyw: The person that wrote that is clearly misinformed about what the Occupy movement is about. It's about how the economy is in shambles due to poor decisions made by big businesses that then the government decided to bail out, and we the tax payers have to pay for. The super wealthy that made those bad decisions continue to be super wealthy while the poor only get poorer.
cherry / 135 posts
@mrsjyw: Totally agree!
I too won't get into details, but I do not support anyone who is "occupying"
admin / wonderful grape / 20724 posts
@Thehistoryofus: I've had some success in life, but I don't think I did it on my own. I've benefited greatly from the rule of law in the US, from the strong protection of trademarks and copyright, and from the booming technology sector.
If I was in Japan where my mom grew up, I am sure that no matter what I did... I would be struggling right now. It's really shocking to realize that your life could take two paths, and gratifying to know that the best path for you is in a particular country (in this case, America).
I am proud to be an American, and to have a chance to give back to the country that has given me so much.
apricot / 483 posts
i'll admit that i have been pretty confused by the whole movement.
i guess what really trips me up is not knowing what the goal of the protest is - what would have to happen for the occupiers to determine this a success, pack up, and go home? because as far as i can tell, there is no end game here, which i just don't understand
wonderful pomelo / 30692 posts
@PastaAndPotato: I agree - this is definitely the problem with the movement. Honestly, I don't think there IS a goal, besides getting their message out there. And even that message comes across garbled, because not everyone is on the same page.
wonderful pomelo / 30692 posts
These charts will help you understand what the Wall Street protesters are really angry about:
GOLD / wonderful apricot / 22646 posts
@Adira: I think pretty much that girl's response is to say that a lot of people involved in the occupy movement have misinterpreted or are confused on the goals of the movement. It's not to say that I don't agree about what you said in your response, but this entire movement has turned into a confused pile of mess with many people who are part of it vocally blaming Wall Street and the government for their own financial mistakes.
wonderful clementine / 24134 posts
@Adira: "possibly even more so since they can afford it" Its statements like this that I really do not agree with. Its like saying the Yankees should start each inning with one out because they can afford better players.
wonderful pomelo / 30692 posts
@mrsjyw: Ahh, I see what you are saying, and I do agree that the message is confused and definitely not everyone agrees with it. I got the impression from that picture that the women didn't agree with the Occupy movement at all and her reason why made me feel like she didn't understand it. I think her saying being part of the 99% a choice undermines the message... you either are part of the 1% uber wealthy or you're not. It's not really a choice, in my opinion.
wonderful pomelo / 30692 posts
@Thehistoryofus: haha, that's why I'm all for salary caps for professional sports.
Generally, income in the US is taxed by brackets. The less you make, the less you are taxed. The more you make, the more you are taxed. And it's not even your whole income, it's just the income above the bracket. So for simplicity sake, say anything under $50,000 was taxed at 20% and anything you make over that would be taxed at 30%. The issue is when someone making $35,000 is taxed at 20% and someone making $1,000,000 is taxed at only at 18%, because a lot of their money is made from other money, and not from working a job, "income."
By saying "possibly even more so since they can afford it," what I meant was that they be taxed at a higher amount for their bracket (the 30%). And not just a flat tax of say 20% across the board (or 9% like Cain suggests). Sorry for the confusion.
eggplant / 11824 posts
It’s frustrating because so many people completely miss the point of the OWS movement, and think it’s all about people who personally want the rich to give them money, or want more money for working less – it’s not about saying “you’re rich, I’m not, and that’s unfair”, or “I mismanaged my finances, and that’s unfair and I want someone rich to blame”. It’s not about what amount of money people have (necessarily) it’s about the system of taxation and representation in this country. It’s about the political power of lobbyists. It’s about income inequality. It’s about the cost of higher education, and how that has skyrocketed against the relative income increases while college becomes more and more of a necessity and requirement for stable income over a lifetime. It’s about what’s happened, and happening to the “middle class”, which was originally built on things like the union wages/benefits and manufacturing jobs - which just don’t exist anymore. It’s about the unemployment rates and why people can’t “just get a job”, or get 1 job that provides economic stability for a family, as was more widely possible in the past.
About income inequality – which has really diverged since the 1970’s - According to a 2011 CBO report real household income in the U.S. grew by 62% between 1979 and 2007. However, after-tax income of households in the top 1% of earners grew by 275%, while income growth for the bottom fifth of earners was 18%. Getting into the 1% isn’t something anyone can just do – the average Joe can’t just American Dream bootstrap him/herself there, no matter how hard they work. Looking at tax structures for the top 1% from the 1950’s, 1970’s and today is pretty amazing.
As an aside, because its always brought up; everyone I know involved in the OWS movement has a job, except for the college students, who are traditional ft students still attending classes, and none are trust fund babies; although like any large group of people, I’m sure there are some trust fund babies in the bunch.
wonderful pomelo / 30692 posts
@yoursilverlining: Thank you for your post. I think you said more clearly what I was trying to convey and couldn't. I agree with what you said 100%.
nectarine / 2458 posts
@Adira: As much as I understand/agree that the unemployment rate in this country is at an all time high, people have options they just don't want to take. You can't get a job where you live? Move. There are plenty of areas in the middle of the country which actually have booming economies. Can't find a job in your field? Try something else. There is actually a pretty high demand for truckers in the US (for one example).
Something I think a lot of people around my age have an issue with (I'm 23, I graduated college in 2010) is they don't want a job that is "below" them. But don't bitch about not having a job but only apply for jobs that are "good enough" for you.
And if none of that works, there's always the military. My husband is an Enlisted Naval Aviation Mechanic. He does not have any form of "higher education." Hell, he never even graduated high school (he got his GED) and we're doing just fine. We're not rolling in the dough, but we live comfortably.
My STRONG belief is that if the Occupy protesters put as much effort into getting a job and working at that job as they are in this "movement" the majority would have jobs and be excelling at them. Spending your days protesting is NOT going to help the unemployment rate. And that's just my two cents regarding the chart you linked to.
kiwi / 534 posts
I'm on the fence. My husband and I are strong supporters of the Patriotic Millionaires movement. We don't think tax breaks for the wealthy are the way to go right now because it puts too much hardship on the middle class and working poor that could really use the tax breaks. I just know that something has to give or we're in a lot of trouble in this country.
nectarine / 2458 posts
As for the Occupy movement as a whole, I don't agree with it. I'm a strong believer in capitalism. Being selfish helps our economy as a whole grow; worry about your situation, not the situation of those who are doing better than you. Wanting more for yourself and your family in turn driving YOU to work harder is what will help this economy recuperate. Instead of focusing on the fact that you're part of the "99%" of the country that's "poor" use that energy to work harder and better your own life.
apricot / 498 posts
Honestly I think it's a huge waste of time. These people either don't have jobs/took a leave from their jobs/etc and at least in Seattle they are more of a nuisance than anything. I don't think they even have a point.
admin / wonderful grape / 20724 posts
@Navy_Mommy: That link from adira is not just that one chart about jobs. It's actually a 41 page slideshow...
nectarine / 2458 posts
@mrbee: Yeah, I was too lazy to look at them all, in all honesty. The fact that it was titled "most obviously" relating to the movement is why I took the time to respond THAT much to it.
wonderful pomelo / 30692 posts
@Navy_Mommy: I'm going to try to address some of your points:
"You can't get a job where you live? Move."
This is not always an option. What if I don't have a job but my husband does? Should he quit his job and move so that I can find a job? At what point would that be worth it? The unemployment rate doesn't just mean single people - it's people in families too. It's possible the family is still scraping by with one person working, but the other person is still unemployed and can't find a job in their area.
"Can't find a job in your field? Try something else."
I agree completely. My father, an IT specialist, now works retail because he couldn't find his job in his field. But it still took him over a year to find a job. People weren't hiring for IT positions, and other positions told him he was "too qualified" and didn't want to hire someone with his background because they knew the position would be "beneath him" and he would eventually want to leave. It's not always as easy as looking elsewhere to get a job.
"Something I think a lot of people around my age have an issue with (I'm 23, I graduated college in 2010) is they don't want a job that is "below" them. But don't bitch about not having a job but only apply for jobs that are "good enough" for you."
I agree completely. I wish there were ways to get statistics on this information. Unfortunately, we can't just assume that people who are unemployed aren't looking at jobs that they see as "below" them. We simply can't know, so we can't lump everyone in this category, although I'm sure there are people that fall into it.
"And if none of that works, there's always the military."
I'm not an expert, but the military isn't always an option, right? Isn't there a certain level of fitness or ability to be eligible? What if someone is disabled? I don't know all that is necessary to qualify for the military, but I suspect it is not as simple as applying. They don't take everyone (I had a friend go to bootcamp, but was injured and received a medical discharge, so that's no longer an option for him).
And, like @mrbee said, unemployment is only one of the examples of what people are upset about. Hope my response was helpful to you.
kiwi / 534 posts
@Adira it was helpful to me! You bring up some very valid points. I'm going to have to check out that link.
GOLD / wonderful coffee bean / 18478 posts
I won't pretend to be fully educated on this topic either but from what I know - I am not supportive of this movement because a lot of it comes off as WHINING. Sure there are great points in there but when you go about it in a crazy way - stinking up a park with your feces and banging on drums - sorry, I'm going to think you are stupid and don't know what you're talking about.
And about people missing the point, well yeah, people are going to miss the point if you put "Wall Street" in your movement's title. That just makes people think that you are complaining that people are rich and you're not.
If the real problem are things like the unemployment rate and our system of taxation - shouldn't you be banging about on Capital Hill instead?
cherry / 151 posts
Like @Rubies, I am also a bit ignorant of exactly what it is all about and I don't feel a need to be deeply involved since I personally am living comfortably. In the little bubble-world that I live in, the mantra "if it ain't broke, don't fix it" is my personal sentiment. However, I understand that mine is a very singular situation and many others are struggling. I hope for the best outcome, whatever that may be, as a result of the "occupy" protests, but I am not one to become involved personally.
wonderful pomelo / 30692 posts
@Andrea: To answer your question of why Wall Street, I'm going to quote a blogger I enjoy:
"Why Wall Street?
Because these are the "moral hazard" people - the people who were allowed to keep their million-dollar homes and million -dollar jobs as a direct benefit of running up the government deficit. And who now refuse to pay any taxes that would go to relieving or paying off that debt."
Source: http://atheistethicist.blogspot.com/2011/11/tea-party-and-occupy-wall-street.html
GOLD / wonderful coffee bean / 18478 posts
@Adira: Right, my point exactly, though. Because they are "allowed" to do it....they do it.
wonderful pomelo / 30692 posts
@Andrea: Very true. The problem is two-sided: the fact that it's allowed and the fact that people do it.
GOLD / wonderful coffee bean / 18478 posts
@Adira: So really they should "occupy" Capitol Hill and the White House, too!
GOLD / squash / 13464 posts
@Andrea: I'm with you 100% on this. I live in TN now but I used to work on Wall Street and my apartment was actually on Wall Street too. These people would have been causing me all sorts of headaches if I was still living there. I promise you... I wasn't making anywhere near millions of dollars. Did I make a lot of money? Yes. But I certainly wasn't in the wealthiest 1% of the nation. And neither were any of the people I interacted with at work every day. We were just regular people, going to our jobs, and working really hard. So the focus on blaming wall street really hits home. I agree they should go sit on capitol hill. (Although if I'm being really honest I think they should just go away : P )
grapefruit / 4800 posts
I'm not sure that I'd participate but I think it's good to get people talking.
I think our system is messed up. So much of what started the financial crises is people making big bucks off of stock games. I don't think most people with a conscious could do those kinds of things, they're either ignorant of their actions effecting others or too callous to care that they're playing games with people's homes and earnings.
Corporations that make billions have their employees living in poverty because they have the gall to try to raise children on their measly salaries. I keep seeing the argument well get a better job, sorry but someone has to take the garbage heaps away, someone is going to work at Walmart (unless it goes out of business please).
That's why I try not to shop at big corporate places, if you're raking in billions on the backs of people struggling then you're a bad person.
grapefruit / 4355 posts
I'm very much against the occupy protests. Honestly, the protesters come off as very entitled, IMO.
I saw the following quote from one of them that really pissed me off: "We all just spent almost $100K each to get advanced degrees but no one told us there wouldn't be jobs waiting for us when we got done. The system is seriously flawed."
Hello?!? Just because you spent a bunch of money on a college degree doesn't mean anyone owes you anything. It doesn't take an genius to know that jobs aren't just sitting there waiting for every college grad.
You get somewhere through time and hard work. No one is going to hand anybody anything in life.
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