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Note: The opinions expressed by the moderators and members of this discussion board do not necessarily reflect the opinions of Occupy Together or Occupy Wall St. In the spirit of free information, open discussion, and the freedom of expression, members are able to speak about issues relating and directly pertaining to the Occupy movement. You will be banned for hate speech or intentional misinformation and please refrain from any violent rhetoric; this is a peaceful movement. Thank you.
More proof on yes for glass steagall act
  • stringband December 2011 +1 -1
    Life is full of non-optimal choices. The Democrats need our votes, but more than that, they need our pressure to change the conservative economic mindset that many Democrats and all Republicans have adopted. When Robert Rubin and Larry Summers used their influence to kill financial regulation it opened the gates to disaster. They thought they were doing the country a favor because conservatives had convinced them that any regulation is bad and that lucrative markets would move offshore to avoid regulation. Most mainstream Demos didn't necessarily agree but it was hard to make the counter argument in that environment. The current environment with Occupy members in the street does provide an arena for non-conservative Democrats to make their case for reasonable finanical regulation and that is where we begin to address financial inequality.

    My point here is that there are lessons we had to learn 80 years ago that are still true today. Democrats as a party must revive those lessons because the Republicans never will. It's not a clean choice nor one that requires no effort. But it's the only choice we have that is constructive. That choice includes the obligation to join and work toward a functional Democratic Party that serves the majority.
  • Doc4the99Doc4the99 December 2011 +1 -1
    California Governor Jerry Brown and New York’s Andrew Cuomo are seizing on a core sentiment of the Occupy Wall Street movement in seeking higher taxes on the wealthy to offset cuts in education and government programs.

    The governors of the first- and third-biggest states by population took aim at the affluent in proposals yesterday. Brown said he’d ask voters to raise income taxes on individuals making more than $250,000 a year and boost the sales levy. Cuomo said he wants an income-tax overhaul that would place a higher burden on top earners.

    “The occupiers’ message is much more popular than the movement itself,’’ said Dan Schnur, director of the Unruh Institute of Politics at the University of Southern California, in Los Angeles. “For Brown or Cuomo to take the least-strident aspects of the occupiers’ agenda -- separated from the occupiers themselves -- presents them with a political opportunity that might not have been there a year or two ago.”

    U.S. states slashed payrolls to close $91 billion in cumulative gaps in fiscal 2012 budgets, after tax revenue was slammed by the longest recession since the Great Depression, according to the National Conference of State Legislatures. California, the most populous, may face a $13 billion deficit, while New York, the third-largest, projects a $3.5 billion gap.

    Demonstrations that started as Occupy Wall Street in New York on Sept. 17 have spread to cities on four continents. Protesters refer to themselves as “the 99 percent,” a reference to economist Joseph Stiglitz’s study showing the richest 1 percent of Americans control 40 percent of the wealth.