Occupy Wall Street: The Top 1% Might Give You A Job One Day
The protests first started in New York then moved directly to Wall street, followed by similar groups springing up all around the world. Their beef?, social and economic inequality, corporate greed, and the power and influence of corporations, particularly from the financial service sector that the corporate "Fat Cats" don't care about people of jobs, just profits.
Their slogan that "We are the 99%" refers to the difference in wealth between the top 1% and the rest of the population of the United States. They are said to be inspired by the Arab Uprisings or earlier this year which i wrote about previously and the there is a common thread running through both movements.......unemployment.
Since the Financial Crisis erupted in 2008, unemployment for those under the age of 24 has skyrocketed. As they increasingly struggle to find work their frustration at the perceived corporate fats cats has grown and the movement has continued to build. But are they targeting the right people?
It was recently pointed out that many of those in the 1% that the protesters are raging against actually employ more than 4 million people through the companies they founded. I would also ask the protesters what have these people done other than have a good idea, worked hard and built up substantial companies for which the have been rewarded. I'm not talking about people who have been born into wealth either, here are a sample of the companies Microsoft, Oracle, Walmart, Las Vegas Sands, Amazon, Google, Dell, Nike, News Corp, Apple, Echo Star, Estee Lauder, EBAY, Ralph Lauren, Franklin Resources, Carnival Cruise, Viacom, Limited Brands, Intel.
All of these companies were founded by a few people who now occupy the top 1% through nothing other than building something and employing people along the way.
The protestors have some noble goals on reforming Government and more importantly corporate and minority influence, however when they are targeting the top 1% of income earners they should be careful about targeting those who are actually part of the solution.