OCCUPY WALL STREET

[atomiczombie]

Remarks as Prepared for Delivery
Public Citizen 40th Gala
Washington, DC
October 20, 2011

I am honored to share this occasion with you. No one beyond your collegial inner circle appreciates more than I do what you have stood for over these 40 years, or is more aware of the battles you have fought, the victories you have won, and the passion for democracy that still courses through your veins. The great progressive of a century ago, Robert LaFollette of Wisconsin – a Republican, by the way – believed that “Democracy is a life; and involves constant struggle.” Democracy has been your life for four decades now, and would have been even more imperiled today if you had not stayed the course.

I began my public journalism the same year you began your public advocacy, in 1971. Our paths often paralleled and sometimes crossed. Over these 40 years journalism for me has been a continuing course in adult education, and I came early on to consider the work you do as part of the curriculum – an open seminar on how government works – and for whom. Your muckraking investigations – into money and politics, corporate behavior, lobbying, regulatory oversight, public health and safety, openness in government, and consumer protection, among others – are models of accuracy and integrity. They drive home to journalists that while it is important to cover the news, it is more important to uncover the news. As one of my mentors said, “News is what people want to keep hidden; everything else is publicity.” And when a student asked the journalist and historian Richard Reeves for his definition of “real news”, he answered: “The news you and I need to keep our freedoms.” You keep reminding us how crucial that news is to democracy. And when the watchdogs of the press have fallen silent, your vigilant growls have told us something’s up.

So I’m here as both citizen and journalist to thank you for all you have done, to salute you for keeping the faith, and to implore you to fight on during the crisis of hope that now grips our country. The great American experience in creating a different future together – this “voluntary union for the common good” – has been flummoxed by a growing sense of political impotence – what the historian Lawrence Goodwyn has described as a mass resignation of people who believe “the dogma of democracy” on a superficial public level but who no longer believe it privately. There has been, he says, a decline in what people think they have a political right to aspire to – a decline of individual self-respect on the part of millions of Americans.

You can understand why. We hold elections, knowing they are unlikely to produce the policies favored by the majority of Americans. We speak, we write, we advocate – and those in power turn deaf ears and blind eyes to our deepest aspirations. We petition, plead, and even pray – yet the earth that is our commons, which should be passed on in good condition to coming generations, continues to be despoiled. We invoke the strain in our national DNA that attests to “life, liberty, and the pursuit of happiness” as the produce of political equality – yet private wealth multiplies as public goods are beggared. And the property qualifications for federal office that the framers of the Constitution expressly feared as an unseemly “veneration for wealth” are now openly in force; the common denominator of public office, even for our judges, is a common deference to cash.

So if belief in the “the dogma of democracy” seems only skin deep, there are reasons for it. During the prairie revolt that swept the Great Plains a century after the Constitution was ratified, the populist orator Mary Elizabeth Lease exclaimed: “Wall Street owns the country…Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us…Money rules.”

That was 1890. Those agrarian populists boiled over with anger that corporations, banks, and government were ganging up to deprive every day people of their livelihood.

She should see us now.

John Boehner calls on the bankers, holds out his cup, and offers them total obeisance from the House majority if only they fill it.

That’s now the norm, and they get away with it. GOP once again means Guardians of Privilege.

Barack Obama criticizes bankers as “fat cats”, then invites them to dine at a pricey New York restaurant where the tasting menu runs to $195 a person.

That’s now the norm, and they get away with it. The President has raised more money from banks, hedge funds, and private equity managers than any Republican candidate, including Mitt Romney. Inch by inch he has conceded ground to them while espousing populist rhetoric that his very actions betray.

Let’s name this for what it is: hypocrisy made worse, the further perversion of democracy.
Democratic deviancy defined further downward. Our politicians are little more than money launderers in the trafficking of power and policy – fewer than six degrees of separation from the spirit and tactics of Tony Soprano.

Why New York’s Zuccotti Park is filled with people is no mystery. Reporters keep scratching their heads and asking: “Why are you here?” But it’s clear they are occupying Wall Street because Wall Street has occupied the country. And that’s why in public places across the country workaday Americans are standing up in solidarity. Did you see the sign a woman was carrying at a fraternal march in Iowa the other day? It read: “I can’t afford to buy a politician so I bought this sign.”

We know what all this money buys. Americans have learned the hard way that when rich organizations and wealthy individuals shower Washington with millions in campaign contributions, they get what they want. They know that if you don’t contribute to their campaigns or spend generously on lobbying,

…you pick up a disproportionate share of America’s tax bill. You pay higher prices for a broad range of products from peanuts to prescriptions. You pay taxes that others in a similar situation have been excused from paying. You’re compelled to abide by laws while others are granted immunity from them. You must pay debts that you incur while others do not. You’re barred from writing off on your tax returns some of the money spent on necessities while others deduct the cost of their entertainment. You must run your business by one set of rules, while the government creates another set for your competitors… In contrast the fortunate few who contribute to the right politicians and hire the right lobbyists enjoy all the benefits of their special status. Make a bad business deal; the government bails them out. If they want to hire workers at below market wages, the government provides the means to do so. If they want more time to pay their debts, the government gives them an extension. If they want immunity from certain laws, the government gives it. If they want to ignore rules their competition must comply with, the government gives it approval. If they want to kill legislation that is intended for the public, it gets killed. . .

The article is much longer, but it won't all fit here lol. You can read the rest here:

http://www.truth-out.org/how-did-happen/1320278111

Here's the keynote speech itself:

[SoNotHer]

Moyer is a person of light and conscience. I've been following him since the Joseph Campbell interviews for Parabola. Thank you for posting this, Drew. :-)

Originally Posted by atomiczombie

The article is much longer, but it won't all fit here lol. You can read the rest here:

http://www.truth-out.org/how-did-happen/1320278111

Here's the keynote speech itself:

[Cin]

Study proves many U.S. corporations pay zero taxes


Dozens of US corporations paid no federal taxes in recent years, and many received government subsidies despite earning healthy profits, a new study showed Thursday.

The report by Citizens for Tax Justice and the Institute on Taxation and Economic Policy, which examined 280 US firms, found 78 of them paid no federal income tax in at least one of the last three years.

It found 30 companies enjoyed a negative income tax rate — which in some cases means getting tax rebates — over the three-year period, despite combined pre-tax profits of $160 billion.

“These 280 corporations received a total of nearly $223 billion in tax subsidies,” said the report’s lead author, Robert McIntyre, director at Citizens for Tax Justice.

“This is wasted money that could have gone to protect Medicare, create jobs and cut the deficit.”

The study looked at 280 corporations from the Fortune 500 list, all of which were profitable in each of the last three years and provided sufficient data to analyst profits and taxes.

It found the average effective tax rate for the 280 companies in the study over the three years period was 18.5 percent, well below the statutory rate of 35 percent.

The study concluded that 78 of the companies had at least one year in which their federal income tax was zero or less.

Thirty companies had a negative income tax rate over the entire three year period on their combined pre-tax profits of $160 billion.

The study said banking giant Wells Fargo topped the list of corporations receiving the most in tax subsidies, getting nearly $18 billion in tax breaks in the last three years.

The report comes as US lawmakers are struggling to find ways to curb a bulging US deficit and are looking at possible revenue sources, despite opposition by conservatives to any tax increases.