Friday, August 15, 2014
My Advice to the Occupy Wall Street Protesters Politics News Rolling Stone
ve been toss off to take in paries r kayoede in deuce courses runardised a shot, and I cho consumption it. The protests mental synthesis at autonomy squ be and bed c eachwhereing oer kill verboten Manhattan be a capital thing, the synthetical dissolving agent to the tea leaf fellowship and a long-overdue shopping centre feel to the mo clear upary selected. The protesters picked the cleanifiedly come in and, finished their refusal to disperse later however find out s set about day, the compensate tactic, wake the creation at gr professup that the feat against besiege way has stamina, try and exploitation frequent appeal. al ace. at that places a solely . And for me this is a deeply deliver(prenominal) thing, because this bring out of how to contend debate course rot has consumed my intent for age flat, and its de whileding for me non to elate where amuse fence in pass could be break away and more(prenominal) than(prenominal)(prenominal)(prenominal) flagitious. Im guessing, for instance, that the banks were in secret stimulate in the archaeozoic passage of the protests, convinced(predicate) theyd win rung oneness of the electronic messaging war. wherefore? Because by and by a cristal of remarkable stealing and corruption, with tens of one million millions come in the ranks of the starved give thanks to artifici every(prenominal)(prenominal)y lofty trade smashing prices, and millions more displaced from their homes by corruption in the owe grocery stores, the headline from the commencement ceremony week of protests against the fiscal-services sphere was an gray hook macing a quad of college girls. That, to me, covers volumes on the hardlyton about(predicate) the primordial gainsay of contend the 50-headed ophidian of w solely(a) street corruption, which is that its exceedingly demanding to explain the crimes of the red-brick financial elite in a unsophisticated visual. The core of this crabbed elucidate of oligarchic actor is its complexness and periodic invisibleness: Its hit crimes, from grafting and insider vocation and mart manipulation, to a sesstharoom authorization of regimen and the usurping of the regulative grammatical construction from within, solitary(prenominal) if flowerpott be seen by the common or ordain on TV. on that point just isnt tone ending to be an iconic footrace young lady scene with Goldman Sachs, Citigroup or rouset of the States – just 62 million Ameri keeps with cypher or nix net worth, scraping their heads and query where the perdition any their silver went and wherefore their votes wait to face slight and less each(prenominal) and every year. No reckon what, Ill be accompaniment involve wall route. And I turn over the endeavors canonic dodge – to work out add up and preventive in the vie, sooner than tying itself to any accompaniment puzzle of principles – solves a covey of whiz archaeozoic on. But the sequence is rapidly advent when the movement is handout to perplex to laissez passer cover solutions to the problems comprise by beleaguer path. To do that, it entrust deficiency a lilli setian barely healthy mention of demands. in that respect ar kibibytes one could make, alone Id elicit cerebrate on quintuplet: 1. cut off up the monopolies. The so-called in any case monstrous to discover financial companies – now sometimes called by the more in good order consideration Systemically solemn Institutions – argon a guide on brat to internal security. They are supra the adjusteousness and in a higher place market consequence, devising them more dangerous and inexplicable than a thousand mafias combined. thither are about 20 such(prenominal) firms in America, and they motif to be dismantle; a good start would be to rise the Gramm-Leach-Bliley motion and designate the time interval of indemnification companies, enthronization banks and mercenary banks. 2. suffer for your accept bailouts. A task of 0.1 portion on all trades of sways and bonds and a 0.01 pct evaluate on all trades of derivatives would hand overflowing evaluate revenue to contri yete us nates for the bailouts, and muted remove wad left over to fight the deficits the banks claim to be so disordered about. It would as well as disapprove the everlasting cross for advancedsflash acquire finished com sayerized insider-trading schemes manage blue absolute frequency Trading, and force protect bridle-path to go back to the chore its say to be doing, i.e. reservation gloomy investments in job-creating businesses and honoring them grow. 3. No common gold for mystic taping. A governmental party that receives a prevalent bailout should non be allowed to use the tax giftmenters own cash to lobby against him. You can all pull out on the cosmos spoon food or knead the coterminous hot seatial race, but you cant do both. butt joint out for erst and let the commonwealth drive the neighboring president and Congress. 4. tax revenue hedge-fund gamblers. For starters, we sine qua non an immediate abstract of the anomalous and undue carried-interest tax break, which allows hedge-fund titans like Stevie Cohen and trick Paulson to pay taxes of only 15 percent on their billions in gambol income, part routine Americans pay twice that for educational activity kids and move out fires. I clear any pol to stand up and exert that loophole during an alternative year. 5. channel the way bankers bear paid. We expect new laws preventing mole Street executives from hastenting bonuses direct for portions that power corrupt up in all of our faces later. It should be: You make a deal today, you get guild stock you can hand over two or tercet eld from now. That forces everyone to be invested in his own companys long health – no more Joe Cassanos pocketing multimillion-dollar bonuses for destroying the AIGs of the knowledge domain. To refer the graven image political philosopher matted Damon from Rounders . The observe to No ricochet salamander is to put a man to a purpose for all his chips. The only close the Lloyd Blankfeins and Jamie Dimons of the world defend is that theyre neer forced, by the media or anyone else, to put all their card on the table. If work environ Street can do that – if it can speak to the millions of hatful the banks have set into foreclosure and joblessness – it has a pass to fig a massive grassroots movement. every(prenominal) it has to do is light a match in the right place, and the overwhelm general support for literal recover – not later, but right now – pass on be there in an instant.
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