In the middle of an Occupy Chicago teach-in this week, traders at the Chicago Board of Trade dumped several sheets of paper on top of the heads of protesters below. Demonstrators were angered to find out they were showered with employment applications for McDonald’s. — Mediaite Read more →
EppsNet Archive: Occupy Wall Street
The Rich Get Poorer
Here is a fact that you might not have heard from the Occupy Wall Street crowd: The incomes at the top of the income distribution have fallen substantially over the past few years. According to the most recent IRS data, between 2007 and 2009, the 99th percentile income (AGI, not inflation-adjusted) fell from $410,096 to $343,927. The 99.9th percentile income fell from $2,155,365 to $1,432,890. During the same period, median income fell from $32,879 to $32,396. These recent numbers illustrate the broader phenomenon, discussed in this paper, that high-income households have riskier-than-average incomes. — Greg Mankiw’s Blog: The Rich Get Poorer Read more →
Get What You Want
NEW YORK (CNNMoney) — Occupy Wall Street is on the move … uptown. Why uptown? Because that’s where the rich folks live! — CNNMoney I’d have more respect for these rubes if they marched to the homes and looted them. That’s what they want, right? Forced redistribution of assets? Break into the homes, beat people over the head and take their stuff. Fuck their wives, drink their scotch, smoke their cigars, put your feet on their desks. Liberté, égalité, fraternité! Don’t just stand there waving signs like a bunch of losers. What problem is that intended to solve? Read more →