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#OCCUPY Harvard

Serious rumblings in the aristocratic heartland.

After 70 students staged a walk-out of Gregory Mankiw’s infamous Econ 10 last week, graduate and undergraduate students from all departments have now escalated the struggle. Yesterday students moved into the campus’s cherished Harvard Yard. By midnight, 500+ battled through police and security to set up an encampment, and now the eyes of the nation are having a double-take. There are serious rumblings in the aristocratic heartland.

Harvard University is a jewel in the crown of America's economic armature, and its economics department has been a platform for years of an ongoing power struggle waged by an unburdened elite. The university's top professors and deans, from Mankiw to Dr. Martin Feldstein to Dr. Lawrence Summers, were architects of the 2008 collapse and key authorities in the intellectual campaign for systemic deregulation.

If an occupation can happen at Harvard, it can happen anywhere. Now is the time for a global walk-out. Download a poster of the True Cost Economics Manifesto at kickitover.org and pin it up in the corridor of your department. Let's start an all out meme war against our neoclassical profs and begin the task of ushering in a new bionomic, psychonomic, ecological economics paradigm.

-Nathan Crompton and Darren Fleet

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149 comments on the article “#OCCUPY Harvard”

Displaying 81 - 90 of 149

Page 9 of 15

Anonymous

The anti-government protests currently going on in United States, Greece, Spain, Italy and Israel – have different agenda than the so-called ‘Arab Spring’ mass protests we witnessed in Tunisia, Egypt, Bahrain, Yemen and Syria. While the ‘Arab Spring’ is against the western-supported corrupt ruling classes – the Western protesters are carrying an open war against the 1% rich-vultures. However, in both cases, the rich 1% minority is using every mean (government, politicians, police, bankers and media-outlets) at its disposal to destroy the 99% majority’s demands for equality and justice. So far, more than 3,000 protesters including journalists and war veterans have been arrested in United States.

Americans make a little over 4% of world population – but consumes over 40% of world’s resources. The US has world’s highest numbers of billionaires (450) and millionaires (320,000) – but 80% of them belongs to country’s 1% rich minority. The new census data released shows that over 49 million Americans (16%) live below poverty line. America has the worst wealth inequality among the industrialized world.

America still is the largest economy ($14.6 trillion), thanks to US$ being world’s reserve currency. However, its military budget ($680 billion/year) for Zionists’ war has already bankrupted the nation. The world’s future emerging economies are China ($10 trillion), Japan ($4.3 trillion) and India ($4 trillion). According to World Bank’s projection – Asia and Africa will leave behind North America and Europe during the next few decades. That’s the main reason for Qaddafi to be eliminated.

Professor Joseph Eugene Stiglitz (Columbia University) wrote in EconomyWatch: “The rise in equality is a product of vicious spiral; the rich rent seeker use their wealth to shape legislation in order to protect and increase their wealth – and their influence. The US Supreme Court, in its notorious Citizens United decision, has given corporations free rein to use their money to influence the direction of politics”.

While more and more Americans are joining the unemployment lines and making two-ends meals on food-tokens, the business elites have just made America’s record highest profit of $1.7 trillion in the third quarter of this year.

In 2007 – the 1% owned 50.9% of country’s stocks, bonds and mutual funds as compared to 0.5% of the 50% Americans (149 millions). During the same year, the 1% owned 33.8% of country’s total wealth while the lower 50% American population owned only 2.5% of country’s total wealth. See the wealth distribution chart here and here.

http://rehmat1.wordpress.com/2011/11/12/ows-%e2%80%98clash-of-financial-disparity%e2%80%99/

Anonymous

The anti-government protests currently going on in United States, Greece, Spain, Italy and Israel – have different agenda than the so-called ‘Arab Spring’ mass protests we witnessed in Tunisia, Egypt, Bahrain, Yemen and Syria. While the ‘Arab Spring’ is against the western-supported corrupt ruling classes – the Western protesters are carrying an open war against the 1% rich-vultures. However, in both cases, the rich 1% minority is using every mean (government, politicians, police, bankers and media-outlets) at its disposal to destroy the 99% majority’s demands for equality and justice. So far, more than 3,000 protesters including journalists and war veterans have been arrested in United States.

Americans make a little over 4% of world population – but consumes over 40% of world’s resources. The US has world’s highest numbers of billionaires (450) and millionaires (320,000) – but 80% of them belongs to country’s 1% rich minority. The new census data released shows that over 49 million Americans (16%) live below poverty line. America has the worst wealth inequality among the industrialized world.

America still is the largest economy ($14.6 trillion), thanks to US$ being world’s reserve currency. However, its military budget ($680 billion/year) for Zionists’ war has already bankrupted the nation. The world’s future emerging economies are China ($10 trillion), Japan ($4.3 trillion) and India ($4 trillion). According to World Bank’s projection – Asia and Africa will leave behind North America and Europe during the next few decades. That’s the main reason for Qaddafi to be eliminated.

Professor Joseph Eugene Stiglitz (Columbia University) wrote in EconomyWatch: “The rise in equality is a product of vicious spiral; the rich rent seeker use their wealth to shape legislation in order to protect and increase their wealth – and their influence. The US Supreme Court, in its notorious Citizens United decision, has given corporations free rein to use their money to influence the direction of politics”.

While more and more Americans are joining the unemployment lines and making two-ends meals on food-tokens, the business elites have just made America’s record highest profit of $1.7 trillion in the third quarter of this year.

In 2007 – the 1% owned 50.9% of country’s stocks, bonds and mutual funds as compared to 0.5% of the 50% Americans (149 millions). During the same year, the 1% owned 33.8% of country’s total wealth while the lower 50% American population owned only 2.5% of country’s total wealth. See the wealth distribution chart here and here.

http://rehmat1.wordpress.com/2011/11/12/ows-%e2%80%98clash-of-financial-disparity%e2%80%99/

Anonymous

Oh, yes, what a horrible country. Man alive! Of course, the majority of the "poor" here have A/C, at least one car, cell phones, flat screen TVs, and almost none starve. In Haiti, meanwhile, the poor, a huge portion of the populace, literally eat dirt - mud cakes. Hmmmmmmmmmmmm, what an awful place America is. Of course, in 18th century France, 21 million people out of 30 million, or just over 2/3, were peasants who barely had enough to eat while Louis and his 500,000 friends in the nobility were dressing in fine silks and going to parties. Here, about 14% are "poor," but that figure ignores any government support payments, so I wonder what the figure is that are truly, really poor, even starving, like the poor Haitians or the French peasants or even modern-day North Koreans. Perhaps 7%? 5%? I wonder if the fact that the top 1% of income earners in this country, those who earn roughly over $400K per year depending on when you measure it, pay about 40% of the income taxes, while the bottom half pay ZERO income taxes, makes it any better. 1% of the people paying 40% of the taxes? They are not paying their FAIR SHARE! They must pay more! Of course, they utilize few of the benefits that these taxes pay for, while the bottom earners utilize much more, but the top don't pay their FAIR SHARE! They must pay more, because I get to decide how much is too much for someone else! Of course I say $200K is enough, while my friend says it's $250K, while another friend says it's $150K, while another says $300K (greedy bastard!). Clinton said $200K but that was 1992; in today's dollars that's almost $400K, but Obama says $250K in today's dollars. I'm a little confused, but I know that the evil, dirty, foul, vile, greedy, selfish, nasty, disgusting top 1% don't pay their FAIR SHARE. What? Have I ever SPOKEN to someone from the 1%? Fuck no! Why would I ever do that?! What, the vast majority were not born with their money but came from middle-class backgrounds, per IRS and other data? So what! The don't pay their FAIR SHARE!

Anonymous

Oh, yes, what a horrible country. Man alive! Of course, the majority of the "poor" here have A/C, at least one car, cell phones, flat screen TVs, and almost none starve. In Haiti, meanwhile, the poor, a huge portion of the populace, literally eat dirt - mud cakes. Hmmmmmmmmmmmm, what an awful place America is. Of course, in 18th century France, 21 million people out of 30 million, or just over 2/3, were peasants who barely had enough to eat while Louis and his 500,000 friends in the nobility were dressing in fine silks and going to parties. Here, about 14% are "poor," but that figure ignores any government support payments, so I wonder what the figure is that are truly, really poor, even starving, like the poor Haitians or the French peasants or even modern-day North Koreans. Perhaps 7%? 5%? I wonder if the fact that the top 1% of income earners in this country, those who earn roughly over $400K per year depending on when you measure it, pay about 40% of the income taxes, while the bottom half pay ZERO income taxes, makes it any better. 1% of the people paying 40% of the taxes? They are not paying their FAIR SHARE! They must pay more! Of course, they utilize few of the benefits that these taxes pay for, while the bottom earners utilize much more, but the top don't pay their FAIR SHARE! They must pay more, because I get to decide how much is too much for someone else! Of course I say $200K is enough, while my friend says it's $250K, while another friend says it's $150K, while another says $300K (greedy bastard!). Clinton said $200K but that was 1992; in today's dollars that's almost $400K, but Obama says $250K in today's dollars. I'm a little confused, but I know that the evil, dirty, foul, vile, greedy, selfish, nasty, disgusting top 1% don't pay their FAIR SHARE. What? Have I ever SPOKEN to someone from the 1%? Fuck no! Why would I ever do that?! What, the vast majority were not born with their money but came from middle-class backgrounds, per IRS and other data? So what! The don't pay their FAIR SHARE!

AnonymousDubai

Hilarious.

Here's what's happening: those people you're talking about woke up one day, they checked their finances, they checked the work hours they've done over their life, they checked how the economy is doing, was doing and will be doing, they checked how other economies are doing, they checked how other different people are doing and they checked what other similar people are doing.

After seeing all this, they decided there is something wrong and they want to protest. Can you deal with that?

Surely, you realize that most of those people do not care about the statistics although they know them and have access to them. So what do you intend to achieve by blurting them out here? Are you just laying it out for them because you think they are morons who don't understand economic data? News Flash: pretty much everyone thinks everyone else is an idiotic economist, probably even you! Your numbers are a major part of the problem, and your throwing around of the numbers inflames these protestors.

It's because those numbers are jokes. They are just a highlight-reel for your ideology. They don't have context. Because behind those numbers are people. Shall we take examples?

You say roughly 14% are poor. Who cares about this 14% number? Don't you think this number means nothing unless we all agree on what "poor" means? I don't care about those who simply don't have money. I don't care what the United Nations calls poor. I don't care what you call poor. You know what I care about? I care about whether your number is reported accurately and that everyone has EQUAL and FAIR access to resources.

"I wonder if the fact that the top 1% of income earners in this country, those who earn roughly over $400K per year depending on when you measure it, pay about 40% of the income taxes, while the bottom half pay ZERO income taxes"

>> btw 1% + bottom HALF = 51%.

No one is asking to take money away from those who have earned their money. In fact that's probably the most unanimously agreed principle in this whole financial mess. Please, take a minute to consider where you are getting information from and try to do more INDEPENDENT research about the other side, maybe you'll learn a thing or two.

AnonymousDubai

Hilarious.

Here's what's happening: those people you're talking about woke up one day, they checked their finances, they checked the work hours they've done over their life, they checked how the economy is doing, was doing and will be doing, they checked how other economies are doing, they checked how other different people are doing and they checked what other similar people are doing.

After seeing all this, they decided there is something wrong and they want to protest. Can you deal with that?

Surely, you realize that most of those people do not care about the statistics although they know them and have access to them. So what do you intend to achieve by blurting them out here? Are you just laying it out for them because you think they are morons who don't understand economic data? News Flash: pretty much everyone thinks everyone else is an idiotic economist, probably even you! Your numbers are a major part of the problem, and your throwing around of the numbers inflames these protestors.

It's because those numbers are jokes. They are just a highlight-reel for your ideology. They don't have context. Because behind those numbers are people. Shall we take examples?

You say roughly 14% are poor. Who cares about this 14% number? Don't you think this number means nothing unless we all agree on what "poor" means? I don't care about those who simply don't have money. I don't care what the United Nations calls poor. I don't care what you call poor. You know what I care about? I care about whether your number is reported accurately and that everyone has EQUAL and FAIR access to resources.

"I wonder if the fact that the top 1% of income earners in this country, those who earn roughly over $400K per year depending on when you measure it, pay about 40% of the income taxes, while the bottom half pay ZERO income taxes"

>> btw 1% + bottom HALF = 51%.

No one is asking to take money away from those who have earned their money. In fact that's probably the most unanimously agreed principle in this whole financial mess. Please, take a minute to consider where you are getting information from and try to do more INDEPENDENT research about the other side, maybe you'll learn a thing or two.

william.john.platt

I am a middle income, middle class who has worked for 30 years. The one thing that stands out above all others is that on average I pay over $6,000 per year in SS taxes. Thsi does not include my employer's share.

Looking at an investment calculator over 30 years @ 6.5% interest, I should have $735,207.43 in my retirement account. I do not.

1 $13,839.57
2 $22,220.59
3 $31,180.45
4 $40,759.14
...
25 $495,248.78
26 $536,878.95
27 $581,384.37
28 $628,963.62
29 $679,828.98
30 $734,207.43
Final Savings Balance: $734,207.43

http://www.bankrate.com/calculators/savings/simple-savings-calculator.aspx

SS will pay me $1200 per month, over an expected lifespan of 13 post retirement years. That is $187,000 dollars total that the government will give me on my investment. SS taxes have robbed me and my family of $500,000 dollars, plunge me into poverty when I retire and deprive my children of an inheritance in order to get ahead in their life.

Taxation is killing our middle class

william.john.platt

I am a middle income, middle class who has worked for 30 years. The one thing that stands out above all others is that on average I pay over $6,000 per year in SS taxes. Thsi does not include my employer's share.

Looking at an investment calculator over 30 years @ 6.5% interest, I should have $735,207.43 in my retirement account. I do not.

1 $13,839.57
2 $22,220.59
3 $31,180.45
4 $40,759.14
...
25 $495,248.78
26 $536,878.95
27 $581,384.37
28 $628,963.62
29 $679,828.98
30 $734,207.43
Final Savings Balance: $734,207.43

http://www.bankrate.com/calculators/savings/simple-savings-calculator.aspx

SS will pay me $1200 per month, over an expected lifespan of 13 post retirement years. That is $187,000 dollars total that the government will give me on my investment. SS taxes have robbed me and my family of $500,000 dollars, plunge me into poverty when I retire and deprive my children of an inheritance in order to get ahead in their life.

Taxation is killing our middle class

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