The 99%
I’m sure most of you have seen the news. Students, homeless, the unemployed and even workers are gathering in major cities to protest their dissatisfaction with the way our government is being run.
Yet, while we are all seeing the events of these protests on the news (in my case, Occupy Boston’s rallies) many of us still fail to see the points they are trying to make, and what they are specifically asking for.
Because I am one of the 99% and feel the looming anxiety over school debt that I need a better job to pay off - I did some research on what Occupy Boston is all about and will share the information I have found with you.
Please note that I am not listing my personal opinions, just the facts that I have found.
Meaning behind the phrase 99%
It’s not difficult to figure out that those involved in the “99 Percent Movement” are trying to explain the gap between the 1% and the rest of the population. Suzy Khimm, writing for the The Washington Post on 10/6/2011 explains the numerical breakdown.
“The average income of the top 1 percent of US households in 2011 is $1,530,773, while the average income of the bottom 20 percent is $9,187, and the median income is $65,357, according to Jim Nunns, a senior fellow at the Urban Institute.... That means the wealthiest 1 percent held an average of 225 times the wealth of the average median household in 2009 — a ratio that was 125 in 1962.”
At it’s most basic level, occupy wall street, occupy boston and other cities protestors are gathering to spread awareness about these numbers and ask for change.
Taken straight from the Occupy Boston website, they explain the above numbers as follows; “Most people who support Occupy Boston call for reforming Wall Street and removing special interest from government, but there no one single issue or demand that summarizes our movement. People are dissatisfied with how our country is being run and want fundamental, lasting change of many kinds.”
So, what it all boils down to is the 99% want the 1% and government to know that they are not happy with the way things are being run, and ask that we start to change these issues.
The Occupy Boston movement, other than the 100 arrests made last night, has been rather peaceful. With protestors cleaning up after themselves, and donating excess food and materials to homeless shelters.
Thomas M. Menino today was quoted in the Boston Globe saying ““I agree with them on the issues. Foreclosure. Corporate greed. These are issues I’ve been working on my entire career.” And has been known to listen to their complaints. He also has said he has no intentions to force them to disband at present, but he will not tolerate them holding up the city.
For more detailed information, the following are links to the articles and sites I’ve read.
Comment with your opinions! I’m curious to hear what you all think about this issue that effects the majority of the people that read this blog!