Occupy Wall Street protests continue to gain momentum all across the world. This polarizing issue has caused an explosion of debates regarding politics, the economy, and even police brutality.
One frequent criticism of the Occupy movement is the lack of defined goals. To counter this argument, the movement has published The99PercentDeclaration which petitions the government for a redress of twenty specific grievances.
This paper will attempt to clarify what it truly means to be in the bottom 99%. It will also show how capital gains tax rate reductions and wealth inequality sparked the current economic crisis and what can be done to fix it.
Table of Contents & Page Links
Introduction
How To Fix The Economy
Economic Problems
1) Income Inequality Influences the US Personal Savings Rate
2) Income Disparity Sparked by Low Top Marginal Tax Rates
3) Unequal Distribution of Wealth
4) Tax Breaks and Tax Loopholes for the Rich
5) Low Capital Gains Tax Rates Cause Investment Bubbles
6) Great Depression VS Great Recession
7) The Job Creators Myth Debunked
8) Government Spending and the National Debt
Economic Solutions
1) How To Fix Income Inequality
2) Restructuring is Needed to Stop Government Overspending
3) Use Taxes for Economic Recovery
Conclusion
Resources
Disclaimer:
This is a working paper and will be updated and expanded upon as time permits. All comments, questions, and alternative opinions are greatly appreciated.
About the Author – Brian Rogel
Senior SEO Manager at Silverback Strategies, Co-Founder of Helping the Underprivileged Grow, & Actor/Producer for Joey’s Town TV Show. Google+
Brian Rogel isn’t a household name but his analysis of wealth inequality could become household reading.
-YAHOO! News