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Showing posts with the label occupy wall street

I will defend to the death your right to burn the American flag

...but seriously, Occupy Charlotte people , you convince exactly nobody of the rightness of your cause when you do so. That's not effective dissent; it's masturbatory radicalism: It might make you feel good, but other people think it's icky and it's completely unproductive. Yeesh.

Federalist 54, slavery, and 'The 1 Percent'

Like a lot of liberals, when I think about the Constitution's original provision that counted slaves as three-fifths of a person for the purpose of apportioning representation in Congress, I often think about it in racial terms: They were literally saying that black people were less than fully human! Sometimes I think about it in political terms: Southern politicians were accruing power—and thus preserving slavery—by giving slaves any human weight at all. But I don't often think about it in economic terms. Federalist 54 changes that for me. This is the paper in which James Madison must justify the three-fifths apportionment to the people of New York. And his primary justification is this: Slaves are a form of wealth. And wealth deserves a little extra representation in the halls of government. No really. This is what Madison writes: "After all, may not another ground be taken on which this article of the Constitution will admit of a still more ready defense? We have h

Dirty hippies and the First Amendment

Regarding this : I’ve had to make this point a couple of times in the past few days, so I might as well make it here: You don’t have to *like* the Occupy folks to think that abusive policing is bad. There’s an old saying that—in my view at least—once represented the American ideal: “I don’t like what you say, but I’ll defend to the death your right to say it.” That ideal has been replaced, it seems, with the idea that dirty hippies deserve whatever they get. I like the old way better. It does require that I hold myself to the same ideal—that I allow room for people to be (say) bigoted or homophobic or, maybe, just a little too solicitous of the rich and powerful. I should defend their right to speak their minds, and get angry if a cop pepper sprays them for doing so. It’s easy to be gleeful when our opponents are silenced, but it isn't actually right.

This is why there's an Occupy Wall Street movement

Because government helps banks , but it doesn't help you: The largest banks are larger than they were when Obama took office and are nearing the level of profits they were making before the depths of the financial crisis in 2008, according to government data. Stabilizing the financial system was considered necessary to prevent an even deeper economic recession. But some critics say the Bush administration, which first moved to bail out Wall Street, and the Obama administration, which ultimately stabilized it, took a far less aggressive approach to helping the American people.  “There’s a very popular conception out there that the bailout was done with a tremendous amount of firepower and focus on saving the largest Wall Street institutions but with very little regard for Main Street,” said Neil Barofsky, the former federal watchdog for the Troubled Assets Relief Program, or TARP , the $700 billion fund used to bail out banks. “That’s actually a very accurate description of what

Shut up and be happy, you ungrateful Occupy Wall Street protesters!

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A conservative friend posted this to Facebook a couple of days ago, and it's been gnawing at me a bit: The suggestion here being that the Occupy Wall Street crowd is selfish and ridiculous to be protesting. This is both right and wrong. We should all be grateful in a cosmic sense for what we do have, of course. But "being a starving baby with ribs showing" shouldn't be the only grounds for complaint. (If it is, the Tea Party might want to pipe down as well.) If you believe that your betters are tilting the playing field not through luck, not through accident, not merely through hard work, but through the greasing of palms and the escaping of the same rules that apply to you—then I think it's fine and appropriate to speak up. This is a similar logic to those who suggest (say) American women shouldn't complain about disparities in the United States because, hey, Afghanistan! Burkhas! It's a logic that allows the people at the top to deflect the co

Philadelphia: Does George Bochetto really pay more than half his income in taxes?

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Stu Bykofsky, always the contrarian, uses his perch in the Philadelphia Daily News today to let the "Top 1 Percent" respond to the Occupy Wall Street protests. I found this excerpt to be particularly confounding: How do the members of the "1 percent" feel? I asked three - Renee Amoore, Tom Knox and George Bochetto - each a local, unapologetic, self-made millionaire. They believe they already pay their "fair share" in federal taxes. "I don't only pay the 35 percent," says Center City lawyer Bochetto, who was raised in an orphanage. "I also pay Social Security tax, state and city income tax, property tax. More than half of my income goes to the government. That's my fair share." Due respect to Bochetto and his rise to riches from the orphanage. Good for him! But does he really pay more than half his income to the government? If so, he needs to hire a new accountant—immediately. Why do I say that? Because the effective tax r

Why so many cops at Occupy Philly?

Juliana Reyes reports police lamentations that they're spending so much of their time and energy on the Occupy Philly protests: For the first week and a half that Occupy Philly held court in City Hall, the Police Department's entire Neighborhood Services Unit was detailed to the protest to watch over its participants. That means for that week and a half, the roughly 30-officer unit , whose responsibilities include responding to abandoned vehicle complaints, recovering stolen cars and investigating reports of short dumping and graffiti, didn't exist in the rest of the city. NSU's Sgt. Frank Spires said that all 3-1-1 complaints, as well as direct calls to the unit, were shelved until the detail was over. It's a shame that neighborhoods will go without the service—but is that necessary? Consider this: The entire Philadelphia Police Department has roughly 6,650 officers to police a city of 1.5 million people —roughly one officer per 225 residents. The population

Dennis Prager: Occupy Wall Street is like Hitler

Dennis Prager goes there in his column for NRO today : The major difference between Hitler and the Communist genocidal murderers, Stalin, Mao, and Pol Pot, was what groups they chose for extermination. For Hitler, first Jews and ultimately Slavs and other “non-Aryans” were declared the enemy and unworthy of life. For the Communists, the rich — the bourgeoisie, land owners, and capitalists — were labeled the enemy and regarded as unworthy of life. Hitler mass-murdered on the basis of race. The Communists on the basis of class. Yes, this is a column about the Occupy Wall Street movement. And it's clear that Prager would rather resort to tired old anti-Communist tropes rather than seriously examine the complaints of the protesters. Here's Prager, not getting it: Being on the left means that you divide the world between rich and poor much more than you divide it between good and evil. For the leftist, the existence of rich and poor — inequality — is what constitutes evil. M

Walt Disney, Snow White, and Occupy Wall Street

At NRO, Charles C.W. Cooke finds an Occupy Wall Street protester to mock and educate. It needs to be quoted at length. He was a fairly well dressed and sometimes well spoken middle-aged man, and he wanted to talk to me about Walt Disney. This request alone was enough to pique my interest. But then, he surprised me. “Walt Disney,” he said, “was a whore…Look at how much money he made out of Snow White….Why can’t I use it in my mashups?” Walt Disney made a lot of money from Snow White, something my friend considers unfair. But then Walt and his brother Roy also took a lot of risk. Originally estimating that the movie would cost $250,000 to make, the final bill ended up at around $1.5 million. During the three grueling years of production, Walt was almost universally laughed at for his ambition, including by his wife and brother. In the industry the project was known as “Disney’s Folly,” in part because the studio quite literally had to invent most of the processes necessary for the pro

About food stamps and millionaires

At National Review today, Robert Verbruggen urges the federal government to save (admittedly minimal) money by tightening standards for the food stamp program. Spending on the program, he says, has quadrupled during the last 10 years and standards are too loose: This has created some truly ridiculous situations — such as the case of a Michigan man who won $2 million in the lottery, tied it up in investments, and received so little income from them that he was still eligible for food stamps. Until a recent policy change, food-stamp eligibility in the state was based solely on income, with no consideration of savings accounts, investments, or other assets. Though the policy was set at the state level, federal taxpayers picked up the tab. But how many millionaires are gaming the system to get food stamps? I'm guessing maybe ... this guy. Maybe there are a few others out there. But I'll pull a number out of my posterior and guess that 99.99 percent of all food stamp recipients ar

99 Faces, 99 Signs

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An Occupy Philly Tumblr :

What I saw at Occupy Philly

Occupy Philly: Oct 9, 2011 from Joel Mathis on Vimeo . The Occupy Philly movement, as far as I can tell from my visit today, is dominated by neither fringe conspiracists nor the middle-class mainstream. Mostly, it seems to be made up of plucky twentysomethings who seem to have expected that the world they grew up in—the go-go 1990s and the "go shopping in the face of disaster" aughties—was the world they would inherit, and are cranky they didn't. Yes, there were Marxists and Socialists and anarchists scattered among the crowd. But the tired "dirty, smelly hippie" stereotype doesn't fit what I found. Much of the crowd was, to all appearances, Standard Urban Hipster—not exactly suburbanites, exactly, but not nearly so outrĂ© as to alienate the masses either. What it did seem to be, in fact, is a movement of privilege. The protesters were overwhelmingly white, overwhelmingly literate—and Philadelphia, for all its greatness, isn't really either . Mo

Occupy Wall Street: No time for conspiracist nonsense

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I'm headed down to City Hall in Philadelphia later today for a firsthand look at the Occupy Philadelphia movement. So I decided to check out the local website , and was greeted with this headline. "Twelve families rule the world," eh? Google that phrase and you'll see that it's closely tied into conspiracy-minded nonsense that's a close cousin to anti-Semitic tropes that generally surface whenever protests against "bankers" get started. (Depending on how you search the phrase, the Wikipedia entry for the Rothschild family sometimes comes up fourth in the results. 'Nuff said.) And as much as I might be sympathetic to some of the movement's grievances , I'm not really interested in signing on for anti-Semitism or conspiracist nonsense. (To be fair, the Occupy Philly page also includes an essay from Chris Hedges , who warns against designating "Jews, Muslims" as enemies.) Understand: Conspiracy theories—whether the "12

Debt, and Occupy Wall Street

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I've not yet been down to see the Occupy Philadelphia protest, though I hope to do so before the weekend is out. But reporter Kia Gregory has been down there this morning, Tweeting her observations. This one particularly struck me: The Tea Party movement, you'll recall, began with Rick Santelli's famous rant against "losers" who'd fallen behind in their mortgage payments, defying the Obama-led government to do anything that might lessen the burden of those mortgages—because, after all, taxpayers shouldn't be on the hook for the unwise choices made by millions of individuals. Admittedly, I think one of the wisest choices I made during the middle of the last decade was to not buy a house—despite a fair amount of peer pressure to do so. On the surface, there was plenty of reason to do so: I (at the time) had a solid career, loved the community was in, and expected to stay there a long time. Still: Buying a house looked likely to put me $150,000 or more

Steve Jobs was capitalism at its best. Let's not make him the champion of capitalism at its worst.

Wednesday night, my Twitter feed—after the Phillies game ended—was primarily concerned with two things: Occupy Wall Street, and the death of Steve Jobs. It's terribly dangerous to mash up two wildly disparate news stories and find a Common Meaning in them, but I was struck nonetheless. And so I Tweeted my thoughts : That while capitalism has real, sometimes huge flaws, it is also capable—uniquely so, in my opinion—of offering us goods and services that help us survive, thrive, and extend our abilities. I think it's also largely true, as Rod Dreher said —and he, incidentally, is no fan of Big Corporatism—"socialism just doesn’t produce a Steve Jobs." But I think National Review's Kevin D. Williamson takes the Jobs-as-awesome-capitalist meme too far: Profits are not deductions from the sum of the public good, but the real measure of the social value a firm creates. Those who talk about the horror of putting profits over people make no sense at all. The phrase i