David Love: Occupy Wall Street protesters have a point

By David A. Love

Progressive Media Project

The Occupy Wall Street protesters have legitimate grievances, and our elected officials ought to address them.

The demonstrators are pointing at the widening inequality in America, which is not some illusion but a glaring reality, as several recent reports demonstrate.

A new report from the Bertelsmann Foundation shows that it is harder to climb the economic ladder in America than in nearly any other country in the developed world. Of the 31 countries surveyed, America came in at an astonishing 27. (Canada ranked number nine.)

Meanwhile, a study by the Congressional Budget Office found that the United States has become substantially more unequal over the past several decades. Between 1979 and 2007, the incomes of the top 1 percent of Americans increased dramatically, while the incomes of the remaining 99 percent were relatively flat.

While the top 1 percent experienced a 275 percent jump during that period, the middle 60 percent had a less than 40 percent increase. And the bottom fifth saw an increase of less than 20 percent.

An analysis by the Pew Research Center gives credence to the belief that younger Americans — with high unemployment and burgeoning student loans and mortgages — have it harder than their parents. Based on census data, the Pew study found that the wealth gap between the young and the old is the largest ever, with the average household headed by a senior having a net worth 47 times greater than a household headed by a person under 35. This gap has more than doubled since 2005, and increased five times in the past 25 years.

The vast majority of Americans understand that our economic system is rigged. According to a recent Wall Street Journal/NBC News poll, 76 percent of people agreed that America’s economic system favors a small group of rich folks over everyone else, and the government should reduce the power of the big banks and corporations.

And a recent New York Times/CBS poll showed that 66 percent of the American public believes that “the money and wealth in this country should be more evenly distributed.”

That’s what the Occupy Wall Street movement is all about. It’s about bringing economic fairness to America so that we can live up to our claim of being the land of opportunity.

David A. Love is a writer for Progressive Media Project, a source of liberal commentary on domestic and international issues; it is affiliated with The Progressive magazine.

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Comments

Glen Lee's picture

Really

I thought that their point was chaos Tea Party by far had a Strong point and the liberal media called them radicals etc now There is a Big difference between the Tea Party and this MOB. The Mob, I mean democratic demonstrators.
The Tea Party – Had proper permits, No Arrest, No Sexual Assaults, No Rapes, No Murders, No Drugs, They did not destroy Property, prevent business from opening or prevent workers from going to work, they did not defecate on Police cars, or slap police officers, They did not break laws, spread diseases, lice, crabs, nor did they prostitute teenage girls out.
The Democratic 99% or MOB – as of 11-4-2011, just in 1 city, had over 3300 arrest, 7 rapes, 100 sexual assaults, 2 murders and 1 death by natural cause, drug arrest by MOB personnel, Slapped Police officers, defecated on 2 police cars, pulled a police officer off his horse, reported 7 rapes, 2 people prostitute a 16 year old girl out, etc… I do not think I need to continue, these facts can be accessed online for proof. The Mob put out that no sexual assaults or rapes should be reported to the police. WOW these 99% just love breaking the laws of the United States so they can prove what? LET the MOB be KNOWN BY THE COMPANY THEY KEEP.
Let’s finish off here with a list of some of the known supporters of the so-called occupy movement. We covered some above .. but here’s a more comprehensive listing:
Communist Party USA. The American Nazi Party. Ayatollah Khamenei, the supreme leader of Iran. The North Korean government. Louie-the-Lip Farrakhan and the Nation of Islam. The Revolutionary Communist Party. David Duke. Hugo Chavez. Barack Obama. The Iranian Revolutionary Guard. The Black Panthers. Socialist Party USA. CAIR. Nancy Pelosi. The Communist Party of China. Hezbollah. Marxist Student Union. Freedom Road Socialist Organization.
Wow. That list of supporters must make you very proud. Is the 99% Americans or Communist? Hard to tell, for they know not what they want, so are being led by others

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