Matt Taibbi (left) Lists The 5 Things The Occupy Wall Street Protesters Should Demand ... The man who called Goldman Sachs a "great vampire squid" has some advice for Occupy Wall Street. Not that he doesn't think they're doing things well. In fact, he thinks the logic behind the protester's lack of demands is ingenious. But if they were to figure out their specific demands. Here's where he, per his article in Rolling Stone, thinks they should start. – Business Insider
Dominant Social Theme: Break up Wall Street corruption and things will start to get better.
Free-Market Analysis: Famous Rolling Stone writer Matt Taibbi has weighed in on the Occupy Wall Street movement once more with a specific set of five demands that protestors could focus on. Business Insider does a good job of summarizing them. Here they are, verbatim from Business Insider:
1. Break up the monopolies. Taibbi is talking about the 20 or so "too big to fail" companies in our country that could single-handedly take down our economy.
2. Pay for your own bailouts. "A tax of 0.1 percent on all trades of stocks and bonds and a 0.01 percent tax on all trades of derivatives would generate enough revenue to pay us back for the bailouts, and still have plenty left over to fight the deficits the banks claim to be so worried about..."
3. No public money for private lobbying. Pretty self-explanatory.
4. Tax hedge-fund gamblers. Right now, because of the carried-interest tax break, they're only paying about 15%.
5. Change the way bankers get paid. Bonuses shouldn't be paid up-front. They should be contingent upon performance.
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2 comments:
We cannot fix something when we don't recognize the true failure.
It is most likely too late for America.
The issue is very simple , we have lost our basic religion , which gives this country a social order without moral values. We don't know the difference between right and wrong , or at least don't care.
The greed has eaten it's way to the very heart of America , our political system including the legal system.
The real question is "when" will we have a civil war , not if.
A successful government can only be accomplished by having some values and this involves religion, certainly not the muslim or islam religion which promotes violence.
It's going to be a crazey time in this country very shortly.
Good luck people , your gonna need it.
Those suggestions look spot-on. If Herman Cain wants a 9% sales tax, he can start with a 0.9% tax on all stock sales.
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