Tuesday, October 11, 2011

Occupy Wall Street marches on Murdoch's home

They're heading uptown today to get in the face of some of New York's richest tycoons, according to this New York Daily News story.

A "Millionaires March" will visit the homes -- or, more realistically, the gleaming marble lobbies -- of five of the city's wealthiest residents, including News Corp. CEO Rupert Murdoch, JPMorgan Chase CEO Jamie Dimon and conservative billionaire David Koch.

Marchers want to present the moguls with oversize checks to dramatize how much less they will pay when New York State's 2% tax on millionaires expires in December.


  1. This comment has been removed by a blog administrator.

  2. Hilarious.

    If 300 people show up at Dimond's place, I'd wager that he pays more in taxes than all the protesters combined.

  3. Maybe they should go calling outside the home of a newly retired-on-disability media company ceo. Maybe one who has carried money home in a wheelbarrow while firing 10s of thousands of workers.

    But of course, doing so within the law and politely. (Maybe Jim won't erase this version.)

  4. 7 p.m. -- No doubt he would pay more in taxes than thousands of people combined (if you only look at dollar figures). The problem is that most of the top money earners in the country pay a lower percentage of their income in taxes. That makes little since because it's a lot easier to live off of 80% of $10 million than 80% of $40,000. Yet it's the people in those middle tiers that pay the higher percentage thanks to generous rules on things like capital gains. What's more, much of the money the ultra-rich make is passive income, so that old adage that you deserve to reap ridiculous rewards if you work hard is just bogus. Many of the people paying higher percentages of their income in taxes are middle class folks who have to work harder than the billionaires because most of their income is derived from jobs, not investments.

  5. A bunch of smelly old hippies harassing a slightly doddering octogenarian immigrant just because, unlike them, he actually made something of himself? Pathetic.

  6. 9:23 America: Love it or leave it, etc., eh?

  7. The Murdoch investigation this summer gave me hope that the government would grow a pair and start looking into other media companies' operations.

    Unfortunately, that hasn't happened. It would have helped if journalists had filed a few complaints with agencies, rather than just whining here. Then there would be the start of a paper trail. Now there's just the hot air and bad writing and logic on this blog.

  8. Jim -- That seems to be a lot of people's perspectives, but they forget that America isn't necessarily easy to leave unless you have a lot of money. Sure, one could go to a third-world country, but it's not so easy to move to a first world country, get a job, etc., etc. You can argue that looser immigration laws are one of the things that make America great ... or you could argue that the country's growing lack of nationalism has gotten us into the mess we're in.

  9. Your Friendly Neighborhood Yippie10/12/2011 6:47 PM

    March on the Crystal Palace!


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