As the occupation of Wall Street enters its 10th day, reports of questionable arrests and police violence have begun to escalate.
But rather than intimidate those involved, this trampling of constitutional rights seems to have sparked solidarity and catalyzed a national movement.
Several weeks of actions from Boston to Honolulu are scheduled to launch in the days ahead. Organized by The New Bottom Line, a new nationwide coalition representing more than 1,000 faith-based and community organizations, the actions seek to hold Wall Street accountable and find solutions for struggling and middle-class families.
“Wall Street and the Big Banks are making record profits at the expense of the rest of us, and draining our wealth to pad their bottom line. Banks must pay their fair share of taxes, end the mortgage crisis by reducing principal for underwater homeowners, and create jobs through small business loans. Our bottom line means good jobs, healthy communities, and a government that fights for everyday people,” said LeeAnn Hall, Executive Director of Alliance for a Just Society, an organizational member of The New Bottom Line.
Large-scale actions are planned for the San Francisco Bay Area, Boston, Los Angeles, Chicago, Minneapolis, Denver and Honolulu. Each city on the schedule has a local demand or proposal for making that community whole after years of mortgage fraud, predatory lending and other wealth-stripping practices.
Nationwide, thousands of people are demanding that the banks “Pay US Back” and they must:
- Pay their fair share of taxes: Stop draining government of revenue and pay their statutorily required 35% corporate income tax. Stop gaming the system through off-shore tax shelters and loopholes.
- Stabilize the housing market and revitalize the economy: Reduce principal for all underwater homeowners to current-market value. This would end the foreclosure crisis, reset the housing market, pump billions of dollars back into the economy and create one million jobs a year.
- Invest in American jobs: Stop sitting on trillions in cash reserves that could be invested in small businesses, the main source of jobs in the U.S., and other job-generating investments.
TAKE ACTION! Can’t make it to a public protest? Here are other ways you can help this movement gather steam!
Make Wall Street Pay! – Figure out how much money Wall Street owes YOU and send the bill to Congress.
Sign this petition from PICO and tell President Obama that we need a new approach to the foreclosure crisis.
Business Against Tax Haven Abuse — Are you a small business owner? Sign this petition from Main Street Alliance to demand an end to offshore corporate tax dodging.
Image Credit: Flickr - evolvelove